GS
The Goldman Sachs Group, Inc.
GS's fundamentals are strong: revenue grew 19% and its operating margin rose 4 points to 40%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
NMFC
New Mountain Finance Corporation
There isn't enough reported data to score NMFC yet.
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.
NMFC Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
NMFC's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like NMFC.
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's PE is 13x, but its earnings don't support one, so it isn't a reliable read right now.
NMFC PE Valuation
NMFC has no meaningful PE right now: it lost money over the past year.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
GS has the edge over NMFC on the outlook, with more favorable earnings and revenue expectations.
NMFC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Weakening | |
| Limited | |
| High |
Analysts expect NMFC's earnings and revenue to decline, with profitability weakening.
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 NMFC on earnings quality, reporting a profit while its opponent remains loss making.
NMFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.03 | — |
| Q3 2026 | -$0.53 | -183% |
| Q2 2026 | -$0.46 | -161% |
| Q1 2026 | -$0.57 | -158% |
| Q4 2025 | $0.16 | -84% |
| Q3 2025 | $0.64 | -38% |
| Q2 2025 | $0.75 | -31% |
| Q1 2025 | $0.99 | -10% |
| Q4 2024 | $1.03 | -17% |
NMFC has swung to a loss: it lost $0.53 per share over the past year, after a profit the year before.
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 stronger quarterly revenue trend. Revenue is up 23% for GS versus down 61% for NMFC.
| 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.
NMFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $37M | -61% |
| Q1 2022 | $57.1M | -18% |
| Q4 2021 | $71.9M | +4.3% |
| Q3 2021 | $39.3M | -40% |
| Q2 2021 | $95.5M | +54% |
| Q1 2021 | $70M | -5.6% |
| Q4 2020 | $68.9M | -6.5% |
NMFC's revenue has slid since its 2021 peak: $37M last quarter, down 61% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 41% | -42 points |
| Q1 2022 | 65% | -9.2 points |
| Q4 2021 | 74% | -24 points |
| Q3 2021 | 58% | -78 points |
| Q2 2021 | 83% | -41 points |
| Q1 2021 | 74% | +308 points |
| Q4 2020 | 98% | +69 points |
| Q3 2020 | 136% | N/A |
NMFC's operating margin was 41% last quarter, down 42 points from the same quarter a year ago.
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.
NMFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $39.4M | -46% |
| Q2 2026 | $24.4M | -39% |
| Q1 2026 | $401.4M | +286% |
| Q4 2025 | $161.6M | -17% |
| Q3 2025 | $73.1M | +$134.7M |
| Q2 2025 | $40.3M | +$200.2M |
| Q1 2025 | $103.9M | +52% |
| Q4 2024 | $195.2M | +55% |
NMFC 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.
NMFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -98.6K shares |
| 1 year | -24% | -30.6M shares |
| 3 years | -26% | -32.6M shares |
| 5 years | -14% | -15.6M shares |
| Available history | -10% | -10.8M shares |
NMFC has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $9M |
| Q1 2026 | $56.6M |
| Q4 2025 | $14.7M |
| Q3 2025 | $27.6M |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
NMFC spent $80M buying back its own shares over the past year.
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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like GS.
NMFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 15.2x | High |
| Q1 2022 | 9.9x | High |
| Q4 2021 | 8.9x | High |
| Q3 2021 | 7.8x | High |
| Q2 2021 | 6.2x | High |
| Q1 2021 | 6.0x | High |
| Q4 2020 | 28.3x | High |
| Q3 2020 | 116.3x | High |
NMFC's net debt is about 15 years of its operating earnings (EBITDA), up from 6.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like NMFC.
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).
NMFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 28.1 | Neutral |
NMFC's weekly RSI is 37 (neutral) and its Stochastic is 28 (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.
NMFC PE vs Financial Services Sector
| Metric | NMFC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
NMFC has no meaningful PE right now: it lost money over the past year.
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 NMFC on trend strength, trading above more of its moving averages.
NMFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.83 | 2.3% below |
| 20 week MA | $7.10 | 6.1% below |
| 50 week MA | $7.83 | 15% below |
| 100 week MA | $9.17 | 27% below |
| 200 week MA | $10.8 | 38% below |
NMFC is in a downtrend: it's below all five of its weekly moving averages, and 38% below 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 NMFC on returns for 2026, with the stronger performance.
NMFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.8 | $11.3 | -18% |
| 2021 | $11.3 | $13.6 | +20% |
| 2022 | $13.6 | $12.3 | -9.1% |
| 2023 | $12.3 | $12.7 | +3.1% |
| 2024 | $12.7 | $11.2 | -12% |
| 2025 | $11.2 | $9.17 | -18% |
| 2026 YTD | $9.17 | $6.67 | -27% |
NMFC has finished lower in four of the last six years. It's down 27% so far in 2026.