GS
The Goldman Sachs Group, Inc.
GS's outlook is improving, though it still trails on the overall score.
ONB
Old National Bancorp
ONB has a slight edge over GS overall, supported by stronger fundamentals and stronger valuation.
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.
ONB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
ONB's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like ONB.
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.
ONB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9x | $22.15 | -11% |
| Forward | 9.2x | $24.94 | — |
| Current | 10x | $24.94 | — |
| Fair | 12x | $28.68 | +15% |
| Expensive | 14x | $34.10 | +37% |
Historical ranges are pointers, not guarantees.
ONB 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.
ONB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect ONB'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 ONB on earnings, with more consistent year-over-year improvement.
ONB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.72 | +11% |
| Q3 2026 | $2.45 | +43% |
| Q2 2026 | $2.25 | +33% |
| Q1 2026 | $1.94 | +13% |
| Q4 2025 | $1.79 | +6.5% |
| Q3 2025 | $1.71 | +3.6% |
| Q2 2025 | $1.69 | -0.6% |
| Q1 2025 | $1.72 | -7% |
| Q4 2024 | $1.68 | -13% |
ONB earned $2.45 per share over the past year, up 43% 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's operating margin was 37% last quarter, up 2 points from the same quarter a year ago.
ONB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $712.7M | +1.1% |
| Q2 2026 | $732.6M | +13% |
| Q1 2026 | $694.9M | +44% |
| Q4 2025 | $690.6M | +41% |
| Q3 2025 | $705.1M | +45% |
| Q2 2025 | $647.3M | +36% |
| Q1 2025 | $481.4M | +11% |
| Q4 2024 | $489.9M | +5.5% |
ONB has the edge over GS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 45% | +12 points |
| Q2 2026 | 44% | +20 points |
| Q1 2026 | 42% | +4.8 points |
| Q4 2025 | 39% | +1.3 points |
| Q3 2025 | 33% | -5.1 points |
| Q2 2025 | 24% | -8.8 points |
| Q1 2025 | 38% | +2.5 points |
| Q4 2024 | 38% | +1.7 points |
ONB 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.
ONB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $373.2M | +12% |
| Q2 2026 | $275.9M | +330% |
| Q1 2026 | $193.3M | +89% |
| Q4 2025 | $137.3M | -40% |
| Q3 2025 | $333.6M | +188% |
| Q2 2025 | $64.1M | -58% |
| Q1 2025 | $102.4M | +7% |
| Q4 2024 | $229M | +266% |
ONB 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 ONB 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.
ONB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -2.4M shares |
| 1 year | -2.5% | -9.6M shares |
| 3 years | +31% | +89.2M shares |
| 5 years | +130% | +215M shares |
| Available history | +124% | +211M shares |
ONB has 381M diluted shares, down 2.5% from a year ago, with $345M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.3M |
| Q2 2026 | $115.3M |
| Q1 2026 | $104.1M |
| Q4 2025 | $25.1M |
| Q3 2025 | $25.2M |
| Q2 2025 | $8M |
| Q1 2025 | $13.5M |
| Q4 2024 | $139,000 |
ONB spent $345M buying back its own shares over the past year, about seven times what it spent 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 ONB on leverage, with a lower net debt burden relative to earnings.
ONB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.8x | Elevated |
| Q2 2026 | 4.8x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 5.5x | High |
| Q3 2025 | 5.6x | High |
| Q2 2025 | 6.2x | High |
| Q1 2025 | 5.1x | High |
| Q4 2024 | 5.3x | High |
ONB's net debt is about 3.8 years of its operating earnings (EBITDA), down from 5.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like ONB.
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).
ONB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.8 | Neutral |
| Stochastic | 28.1 | Neutral |
ONB's weekly RSI is 49 (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.
ONB PE vs Financial Services Sector
| Metric | ONB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 22% below |
| PE % | 28 | 63 | 35 pts below |
ONB 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's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
ONB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.0 | 0.4% below |
| 20 week MA | $25.7 | 3.1% below |
| 50 week MA | $24.4 | 2.1% above |
| 100 week MA | $23.0 | 8.4% above |
| 200 week MA | $19.8 | 26% above |
ONB has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 26% 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 finished higher in five of the last six years, two of them by more than 50%. It's up 0.7% so far in 2026.
ONB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.3 | $16.6 | -9.3% |
| 2021 | $16.6 | $17.9 | +8.1% |
| 2022 | $17.9 | $17.8 | -0.7% |
| 2023 | $17.8 | $16.9 | -5% |
| 2024 | $16.9 | $21.8 | +29% |
| 2025 | $21.8 | $23.0 | +5.6% |
| 2026 YTD | $23.0 | $24.9 | +8.5% |
ONB has the edge over GS on returns for 2026, with the stronger performance.