GS
The Goldman Sachs Group, Inc.
GS has the edge over PFLT overall, supported by stronger fundamentals and stronger valuation.
PFLT
PennantPark Floating Rate Capital Ltd.
PFLT 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.
PFLT Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
PFLT's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like PFLT.
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.
PFLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.3x | $6.73 | — |
| Cheap | 7.8x | $3.97 | -41% |
| Fair | 13x | $6.55 | -2.6% |
| Current | 13x | $6.73 | — |
| Expensive | 36x | $18.38 | +173% |
Historical ranges are pointers, not guarantees.
PFLT 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.
PFLT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect PFLT's profitability to weaken, with its earnings and 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 PFLT on earnings, with more consistent year-over-year improvement.
PFLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.06 | +109% |
| Q2 2026 | $0.51 | -41% |
| Q1 2026 | $0.62 | -33% |
| Q4 2025 | $0.35 | -75% |
| Q3 2025 | $0.73 | -50% |
| Q2 2023 | -$0.13 | -125% |
| Q1 2023 | -$0.35 | -134% |
| Q4 2022 | -$0.31 | -127% |
| Q3 2022 | $0.09 | -94% |
PFLT's earnings per share have fallen from their peak: $0.51 over the past year, against $1.79 in mid-2021.
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 131% for PFLT.
| 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.
PFLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $3.2M | -85% |
| Q1 2022 | $18.7M | +8.1% |
| Q4 2021 | $23.5M | -27% |
| Q3 2021 | $13M | -45% |
| Q2 2021 | $21.1M | +3.9% |
| Q4 2020 | $32.3M | +76% |
| Q3 2020 | $23.6M | +62% |
PFLT's revenue has slid since its 2020 peak: −$4M last quarter, down 131% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | -157% | -227 points |
| Q1 2022 | 60% | -8.5 points |
| Q4 2021 | 68% | -13 points |
| Q3 2021 | 32% | -41 points |
| Q2 2021 | 70% | +7.9 points |
| Q1 2021 | 68% | N/A |
| Q4 2020 | 81% | +26 points |
| Q3 2020 | 72% | +22 points |
PFLT's operating margin was −157% last quarter, down 227 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
PFLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $103.3M | +$138.5M |
| Q1 2026 | $24.3M | +$142.4M |
| Q4 2025 | $148.6M | +$381.3M |
| Q3 2025 | -$334.5M | -$42.8M |
| Q2 2025 | -$35.3M | +$119.8M |
| Q1 2025 | -$118.1M | +$54.5M |
| Q4 2024 | -$232.7M | -$50.7M |
| Q3 2024 | -$291.7M | -488% |
PFLT's free cash flow was −$58M over the past year, against −$678M the year before. Free cash flow isn't a meaningful measure for financial services companies like PFLT.
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 PFLT 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.
PFLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | +69% | +40.5M shares |
| 5 years | +156% | +60.4M shares |
| Available history | +156% | +60.4M shares |
PFLT has 99M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
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.
PFLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 73.7x | High |
| Q2 2022 | 27.2x | High |
| Q1 2022 | 15.1x | High |
| Q4 2021 | 14.7x | High |
| Q3 2021 | 10.6x | High |
| Q2 2021 | 7.4x | High |
| Q1 2021 | 6.9x | High |
| Q4 2020 | 11.3x | High |
PFLT's net debt is more than 20 years of its operating earnings (EBITDA), up from 11 years a year ago. Net leverage isn't a meaningful measure for financial services companies like PFLT.
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).
PFLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 45.6 | Neutral |
PFLT's weekly RSI is 38 (neutral) and its Stochastic is 46 (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 has the edge over PFLT on valuation relative to its sector.
PFLT PE vs Financial Services Sector
| Metric | PFLT | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 2.1% above |
| PE % | 55 | 63 | 8 pts below |
PFLT is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
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 PFLT on trend strength, trading above more of its moving averages.
PFLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.74 | 0.1% below |
| 20 week MA | $7.04 | 4.4% below |
| 50 week MA | $8.00 | 16% below |
| 100 week MA | $9.13 | 26% below |
| 200 week MA | $10.1 | 33% below |
PFLT is in a downtrend: it's below all five of its weekly moving averages, and 33% 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 PFLT on returns for 2026, with the stronger performance.
PFLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.3 | $10.3 | -16% |
| 2021 | $10.3 | $12.6 | +23% |
| 2022 | $12.6 | $11.0 | -13% |
| 2023 | $11.0 | $12.1 | +10% |
| 2024 | $12.1 | $10.8 | -10% |
| 2025 | $10.8 | $9.15 | -16% |
| 2026 YTD | $9.15 | $6.73 | -26% |
PFLT has finished lower in four of the last six years. It's down 26% so far in 2026.