GS
The Goldman Sachs Group, Inc.
GS has the edge over NRIM overall, supported by stronger fundamentals and stronger valuation.
NRIM
Northrim BanCorp, Inc.
NRIM trails on the overall score without a compensating advantage in the available component scores.
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.
NRIM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
NRIM'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 NRIM.
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.
NRIM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $18.20 | -24% |
| Fair | 8.8x | $21.73 | -9.7% |
| Forward | 9.2x | $24.05 | — |
| Current | 9.7x | $24.05 | — |
| Expensive | 11x | $28.11 | +17% |
Historical ranges are pointers, not guarantees.
NRIM has the edge over GS in the historical PE scenario, which offers more potential upside but is not a forecast.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for GS, with profitability improving. However, they disagree widely on these estimates.
NRIM Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NRIM, but weaker profitability.
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's earnings per share have climbed steadily: $69.58 over the past year, up 41% from the year before, and higher year over year for 10 quarters in a row. Its recent earnings include one-off gains.
NRIM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.63 | +6.3% |
| Q3 2026 | $2.47 | -12% |
| Q2 2026 | $3.04 | +52% |
| Q1 2026 | $2.88 | +53% |
| Q4 2025 | $2.87 | +73% |
| Q3 2025 | $2.80 | +90% |
| Q2 2025 | $2.00 | +39% |
| Q1 2025 | $1.88 | +47% |
| Q4 2024 | $1.66 | +48% |
NRIM earned $2.47 per share over the past year, down 12% from 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's revenue is growing: $18.7B last quarter, up 23% from the same quarter a year ago.
| 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 has the edge over NRIM on profitability, with a higher operating margin.
NRIM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $59.6M | -10% |
| Q2 2026 | $53.9M | +7.2% |
| Q1 2026 | $49.5M | +8.9% |
| Q4 2025 | $51.7M | +18% |
| Q3 2025 | $66.6M | +65% |
| Q2 2025 | $50.2M | +37% |
| Q1 2025 | $45.5M | +33% |
| Q4 2024 | $43.9M | +32% |
NRIM has the edge over GS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -21 points |
| Q2 2026 | 38% | +6.1 points |
| Q1 2026 | 36% | -2.4 points |
| Q4 2025 | 32% | +1.8 points |
| Q3 2025 | 52% | +23 points |
| Q2 2025 | 31% | -0.2 points |
| Q1 2025 | 39% | +8 points |
| Q4 2024 | 30% | +5.2 points |
NRIM's operating margin was 31% last quarter, down 20 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.
NRIM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$14.4M | -116% |
| Q2 2026 | $39.5M | +$44.2M |
| Q1 2026 | $24.3M | +49% |
| Q4 2025 | $32.3M | -12% |
| Q3 2025 | $89.9M | +$90.3M |
| Q2 2025 | -$4.7M | +$34.2M |
| Q1 2025 | $16.3M | +$22.9M |
| Q4 2024 | $36.5M | -26% |
NRIM 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 the edge over NRIM on shareholder dilution, with a more favorable share count trend.
| 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.
NRIM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +33.2K shares |
| 1 year | +0.3% | +75K shares |
| 3 years | +0.3% | +78K shares |
| 5 years | -9.9% | -2.5M shares |
| Available history | -17% | -4.7M shares |
NRIM has 23M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $1,000 |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $788,000 |
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.
NRIM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2019 | -0.4x | Net Cash |
NRIM has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NRIM.
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).
NRIM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.9 | Neutral |
| Stochastic | 18.0 | Oversold |
NRIM's weekly RSI is 44 (neutral) and its Stochastic is 18 (oversold).
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.
NRIM PE vs Financial Services Sector
| Metric | NRIM | Sector median | Relative |
|---|---|---|---|
| PE | 9.7x | 13x | 25% below |
| PE % | 62 | 63 | 1 pt below |
NRIM 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 NRIM on trend strength, trading above more of its moving averages.
NRIM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.1 | 0.2% below |
| 20 week MA | $25.6 | 6% below |
| 50 week MA | $25.3 | 4.9% below |
| 100 week MA | $23.3 | 3.4% above |
| 200 week MA | $18.2 | 32% above |
NRIM has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 32% 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 NRIM on returns for 2026, with the stronger performance.
NRIM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.49 | $8.24 | -13% |
| 2021 | $8.24 | $10.7 | +30% |
| 2022 | $10.7 | $13.7 | +27% |
| 2023 | $13.7 | $14.3 | +4.7% |
| 2024 | $14.3 | $19.3 | +35% |
| 2025 | $19.3 | $27.1 | +41% |
| 2026 YTD | $27.1 | $24.1 | -11% |
NRIM has finished higher in five of the last six years. It's down 11% so far in 2026.