GS
The Goldman Sachs Group, Inc.
GS has the edge over ORI overall, supported by stronger modeled upside and stronger fundamentals.
ORI
Old Republic International Corporation
ORI offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
ORI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
ORI'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 ORI.
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.
ORI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.2x | $23.06 | -42% |
| Current | 9x | $40.04 | — |
| Fair | 10x | $46.32 | +16% |
| Forward | 13x | $40.04 | — |
| Expensive | 14x | $61.39 | +53% |
Historical ranges are pointers, not guarantees.
ORI 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 |
GS has the edge over ORI on the outlook, with more favorable valuation and earnings expectations.
ORI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect ORI's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
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 ORI on earnings, with more consistent year-over-year improvement.
ORI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.16 | -29% |
| Q3 2026 | $4.44 | +34% |
| Q2 2026 | $4.56 | +29% |
| Q1 2026 | $4.06 | +32% |
| Q4 2025 | $3.72 | +15% |
| Q3 2025 | $3.32 | -5.4% |
| Q2 2025 | $3.53 | +48% |
| Q1 2025 | $3.07 | +19% |
| Q4 2024 | $3.24 | +54% |
ORI earned $4.44 per share over the past year, up 34% 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 ORI on profitability, with a higher operating margin.
ORI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +5.2% |
| Q2 2026 | $2.5B | +13% |
| Q1 2026 | $2.4B | +14% |
| Q4 2025 | $2.4B | +19% |
| Q3 2025 | $2.4B | +3.5% |
| Q2 2025 | $2.2B | +18% |
| Q1 2025 | $2.1B | +4.9% |
| Q4 2024 | $2B | +3.1% |
ORI's revenue has grown year over year for 11 quarters in a row: $2.6B last quarter, up 5.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | -3.9 points |
| Q2 2026 | 16% | +4.6 points |
| Q1 2026 | 17% | +2.7 points |
| Q4 2025 | 11% | +4.5 points |
| Q3 2025 | 15% | -3.7 points |
| Q2 2025 | 12% | +5.7 points |
| Q1 2025 | 15% | -5.2 points |
| Q4 2024 | 6.5% | -5.7 points |
ORI's operating margin was 11% last quarter, down 3.9 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.
ORI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $429.4M | -24% |
| Q2 2026 | $199.7M | +49% |
| Q1 2026 | $281.4M | +21% |
| Q4 2025 | $234.9M | -35% |
| Q3 2025 | $563.9M | +19% |
| Q2 2025 | $133.8M | -43% |
| Q1 2025 | $231.7M | +44% |
| Q4 2024 | $361.7M | +28% |
ORI 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 ORI 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.
ORI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +431K shares |
| 1 year | -1.8% | -4.6M shares |
| 3 years | -12% | -33.2M shares |
| 5 years | -19% | -56.8M shares |
| Available history | -18% | -54.9M shares |
ORI has 247M diluted shares, down 1.8% from a year ago, with $388M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $112.7M |
| Q2 2026 | $60.2M |
| Q1 2026 | $159.8M |
| Q4 2025 | $55.2M |
| Q3 2025 | $43.3M |
| Q2 2025 | — |
| Q1 2025 | $25.3M |
| Q4 2024 | $174.4M |
ORI spent $388M buying back its own shares over the past year, up 60% 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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like GS.
ORI Net Leverage
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).
ORI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.5 | Neutral |
| Stochastic | 35.0 | Neutral |
ORI's weekly RSI is 50 (neutral) and its Stochastic is 35 (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.
ORI PE vs Financial Services Sector
| Metric | ORI | Sector median | Relative |
|---|---|---|---|
| PE | 9x | 13x | 31% below |
| PE % | 30 | 63 | 33 pts below |
ORI 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.
ORI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.8 | 3.1% above |
| 20 week MA | $40.7 | 1.6% below |
| 50 week MA | $40.9 | 2% below |
| 100 week MA | $39.7 | 0.9% above |
| 200 week MA | $34.6 | 16% above |
ORI's trend is mixed: it's above three of its five weekly moving averages, and 16% 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 ORI on returns for 2026, with the stronger performance.
ORI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.2 | $19.2 | -14% |
| 2021 | $19.2 | $24.1 | +25% |
| 2022 | $24.1 | $24.3 | +0.7% |
| 2023 | $24.3 | $29.4 | +21% |
| 2024 | $29.4 | $36.4 | +24% |
| 2025 | $36.4 | $46.6 | +28% |
| 2026 YTD | $46.6 | $40.0 | -14% |
ORI has finished higher in five of the last six years. It's down 14% so far in 2026.