GS
The Goldman Sachs Group, Inc.
GS has the edge over MTG overall, supported by stronger fundamentals and stronger valuation.
MTG
MGIC Investment Corporation
MTG has lower modeled downside risk, despite its lower overall score.
GS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
GS's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like GS.
MTG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
MTG's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like MTG.
GS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.6x | $528 | -42% |
| Current | 13x | $914 | — |
| Forward | 13x | $914 | — |
| Fair | 14x | $940 | +2.9% |
| Expensive | 17x | $1,214 | +33% |
Historical ranges are pointers, not guarantees.
GS has the edge over MTG in the historical PE scenario, which offers more potential upside but is not a forecast.
MTG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.7x | $18.32 | -34% |
| Fair | 8.2x | $26.43 | -4.8% |
| Forward | 8.3x | $27.76 | — |
| Current | 8.6x | $27.76 | — |
| Expensive | 9.3x | $29.95 | +7.9% |
Historical ranges are pointers, not guarantees.
MTG's PE is in its fair range at 8.6x. If earnings grow as analysts expect, today's price would be 8.3x next year's earnings.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
GS has the edge over MTG on the outlook, with more favorable revenue expectations.
MTG Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect MTG's earnings to grow and its profitability to improve, with its revenue holding steady.
GS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $72.35 | +4% |
| Q3 2026 | $69.58 | +41% |
| Q2 2026 | $64.82 | +43% |
| Q1 2026 | $54.75 | +27% |
| Q4 2025 | $51.32 | +27% |
| Q3 2025 | $49.22 | +44% |
| Q2 2025 | $45.37 | +45% |
| Q1 2025 | $43.08 | +68% |
| Q4 2024 | $40.54 | +77% |
GS has the edge over MTG on earnings, with stronger typical year-over-year growth.
MTG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.36 | +4.4% |
| Q3 2026 | $3.22 | +3.9% |
| Q2 2026 | $3.20 | +5.3% |
| Q1 2026 | $3.15 | +5% |
| Q4 2025 | $3.14 | +8.7% |
| Q3 2025 | $3.10 | +9.2% |
| Q2 2025 | $3.04 | +12% |
| Q1 2025 | $3.00 | +15% |
| Q4 2024 | $2.89 | +16% |
MTG's earnings per share have climbed steadily: $3.22 over the past year, up 3.9% from the year before, and higher year over year for 10 quarters in a row.
GS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $18.7B | +23% |
| Q2 2026 | $20.3B | +39% |
| Q1 2026 | $17.2B | +14% |
| Q4 2025 | $13.5B | -3% |
| Q3 2025 | $15.2B | +20% |
| Q2 2025 | $14.6B | +15% |
| Q1 2025 | $15.1B | +6% |
| Q4 2024 | $13.9B | +23% |
GS has the edge over MTG on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | +2 points |
| Q2 2026 | 42% | +8.1 points |
| Q1 2026 | 38% | +0.2 points |
| Q4 2025 | 44% | +5.6 points |
| Q3 2025 | 36% | +4.1 points |
| Q2 2025 | 34% | +3.2 points |
| Q1 2025 | 37% | +0.6 points |
| Q4 2024 | 38% | +18 points |
GS's operating margin was 37% last quarter, up 2 points from the same quarter a year ago.
MTG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $299.1M | -1.8% |
| Q2 2026 | $295.4M | -2.9% |
| Q1 2026 | $297.1M | -3% |
| Q4 2025 | $298.7M | -0.9% |
| Q3 2025 | $304.5M | -0.7% |
| Q2 2025 | $304.2M | -0.3% |
| Q1 2025 | $306.2M | +4% |
| Q4 2024 | $301.4M | +6.2% |
MTG's revenue has held roughly level: $299M last quarter, down 1.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 74% | -3.2 points |
| Q2 2026 | 78% | -3 points |
| Q1 2026 | 70% | -7 points |
| Q4 2025 | 71% | -6.6 points |
| Q3 2025 | 77% | -5.7 points |
| Q2 2025 | 81% | -4.2 points |
| Q1 2025 | 77% | +1.9 points |
| Q4 2024 | 78% | -3.1 points |
MTG has the edge over GS on profitability, with a higher operating margin.
GS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +72% |
| Q2 2026 | $5.6B | +7.8% |
| Q1 2026 | -$32.4B | +$5.3B |
| Q4 2025 | -$16.8B | -136% |
| Q3 2025 | $2.1B | +$40.6B |
| Q2 2025 | $5.2B | -6.8% |
| Q1 2025 | -$37.7B | -$9.2B |
| Q4 2024 | $46.2B | +$75.1B |
GS's free cash flow was −$40B over the past year, against $15.8B the year before. Free cash flow isn't a meaningful measure for financial services companies like GS.
MTG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $216.3M | +0.6% |
| Q2 2026 | $184.5M | +0.8% |
| Q1 2026 | $76.7M | -66% |
| Q4 2025 | $230.2M | +27% |
| Q3 2025 | $215.1M | +18% |
| Q2 2025 | $183M | +8.3% |
| Q1 2025 | $223.5M | +17% |
| Q4 2024 | $181.9M | -2.1% |
MTG has the edge over GS on cash generation, producing positive trailing cash flow while its opponent burns cash.
GS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.8M shares |
| 1 year | -4.4% | -13.9M shares |
| 3 years | -12% | -42.8M shares |
| 5 years | -15% | -52.8M shares |
| Available history | -20% | -74.4M shares |
GS has 301M diluted shares, down 4.4% from a year ago, with $15B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3B |
| Q2 2026 | $4B |
| Q1 2026 | $5B |
| Q4 2025 | $3B |
| Q3 2025 | $2B |
| Q2 2025 | $3B |
| Q1 2025 | $4.4B |
| Q4 2024 | $2B |
GS spent $15B buying back its own shares over the past year, up 32% from the year before.
MTG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.6% | -5.5M shares |
| 1 year | -11% | -26M shares |
| 3 years | -28% | -80.2M shares |
| 5 years | -42% | -148M shares |
| Available history | -45% | -169M shares |
MTG has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $151.7M |
| Q2 2026 | $184.7M |
| Q1 2026 | $192.4M |
| Q4 2025 | $189.2M |
| Q3 2025 | $187.9M |
| Q2 2025 | $186.4M |
| Q1 2025 | $225.2M |
| Q4 2024 | $194.7M |
MTG spent $718M buying back its own shares over the past year, down 9.6% from the year before.
GS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.4x | Net Cash |
| Q2 2026 | -6.1x | Net Cash |
| Q1 2026 | -6.7x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -3.5x | Net Cash |
| Q2 2025 | -3.1x | Net Cash |
| Q1 2025 | -3.9x | Net Cash |
| Q4 2024 | -4.7x | Net Cash |
GS has the edge over MTG on leverage, with a lower net debt burden relative to earnings.
MTG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.4x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.4x | Very low |
MTG's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like MTG.
GS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 16.3 | Oversold |
GS's weekly RSI is 45 (neutral) and its Stochastic is 16 (oversold).
MTG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.6 | Neutral |
| Stochastic | 42.7 | Neutral |
MTG's weekly RSI is 46 (neutral) and its Stochastic is 43 (neutral).
GS PE vs Financial Services Sector
| Metric | GS | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.8% above |
| PE % | 46 | 63 | 17 pts below |
GS is trading at 13x earnings, in line with the Financial Services sector's median of 13x, though its earnings don't support one.
MTG PE vs Financial Services Sector
| Metric | MTG | Sector median | Relative |
|---|---|---|---|
| PE | 8.6x | 13x | 34% below |
| PE % | 62 | 63 | 1 pt below |
MTG has the edge over GS on valuation relative to its sector.
GS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $895.5 | 2% above |
| 20 week MA | $977.4 | 6.5% below |
| 50 week MA | $945.4 | 3.4% below |
| 100 week MA | $804.5 | 14% above |
| 200 week MA | $602.7 | 52% above |
GS has the edge over MTG on trend strength, trading above more of its moving averages.
MTG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.0 | 1% below |
| 20 week MA | $29.2 | 5.1% below |
| 50 week MA | $27.9 | 0.5% below |
| 100 week MA | $27.0 | 2.9% above |
| 200 week MA | $23.1 | 20% above |
MTG has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 20% above its 200-week average.
GS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $230.7 | $256.2 | +11% |
| 2021 | $256.2 | $385.0 | +50% |
| 2022 | $385.0 | $345.5 | -10% |
| 2023 | $345.5 | $385.8 | +12% |
| 2024 | $385.8 | $576.2 | +49% |
| 2025 | $576.2 | $907.0 | +57% |
| 2026 YTD | $907.0 | $913.6 | +0.7% |
GS has the edge over MTG on returns for 2026, with the stronger performance.
MTG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.1 | $12.3 | -13% |
| 2021 | $12.3 | $14.1 | +15% |
| 2022 | $14.1 | $12.9 | -8.2% |
| 2023 | $12.9 | $19.3 | +49% |
| 2024 | $19.3 | $23.7 | +23% |
| 2025 | $23.7 | $29.8 | +26% |
| 2026 YTD | $29.8 | $27.8 | -6.8% |
MTG has finished higher in four of the last six years. It's down 6.8% so far in 2026.