GS
The Goldman Sachs Group, Inc.
GS has the edge over PNNT overall, supported by stronger valuation and stronger fundamentals.
PNNT
PennantPark Investment Corporation
PNNT 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.
PNNT Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
PNNT'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 PNNT.
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 has the edge over PNNT in the historical PE scenario, which offers more potential upside but is not a forecast.
PNNT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3x | $0.49 | -85% |
| Forward | 5.6x | $3.25 | — |
| Fair | 7.5x | $1.19 | -63% |
| Expensive | 20x | $3.23 | -0.5% |
| Current | 21x | $3.25 | — |
Historical ranges are pointers, not guarantees.
PNNT's PE is in its expensive range at 21x. On analysts' estimates for next year's earnings, today's price would be 5.6x, in its fair range.
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.
PNNT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect PNNT's profitability to improve, 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 stronger earnings trend. Trailing diluted EPS is up 41% for GS versus PNNT down 91%.
PNNT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.58 | +260% |
| Q2 2023 | -$1.23 | -337% |
| Q1 2023 | -$1.83 | -243% |
| Q4 2022 | -$1.85 | -203% |
| Q3 2022 | -$0.37 | -115% |
| Q2 2022 | $0.52 | -77% |
| Q1 2022 | $1.28 | -36% |
| Q4 2021 | $1.80 | +240% |
| Q3 2021 | $2.48 | +$2.72 |
PNNT has returned to profit: it earned $0.16 per share over the past year, after losing money 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 185% for PNNT.
| 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.
PNNT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2022 | $12M | -73% |
| Q4 2021 | $40.3M | -48% |
| Q3 2021 | $31.8M | +66% |
| Q2 2021 | $39.9M | +70% |
| Q4 2020 | $77.4M | +162% |
| Q3 2020 | $19.2M | -13% |
PNNT's revenue has slid since its 2020 peak: −$27M last quarter, down 185% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2022 | 28% | -58 points |
| Q4 2021 | 76% | -16 points |
| Q3 2021 | 79% | +28 points |
| Q2 2021 | 80% | +13 points |
| Q1 2021 | 86% | N/A |
| Q4 2020 | 92% | +26 points |
| Q3 2020 | 51% | +12 points |
| Q2 2020 | 68% | N/A |
PNNT's operating margin was 28% last quarter, down 58 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.
PNNT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $50.1M | -2.7% |
| Q1 2026 | $36.4M | -74% |
| Q4 2025 | $134.5M | +618% |
| Q3 2025 | -$107.8M | -$103.1M |
| Q2 2025 | $51.5M | +$68.3M |
| Q1 2025 | $142.4M | +3247% |
| Q4 2024 | $18.7M | +$173.9M |
| Q3 2024 | -$4.7M | -104% |
PNNT 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 PNNT 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.
PNNT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | +0.1% | +71.6K shares |
| 5 years | -2.6% | -1.7M shares |
| Available history | -2.6% | -1.7M shares |
PNNT has 65M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | $1.2M |
| Q2 2022 | $5M |
| 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.
PNNT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 14.2x | High |
| Q1 2022 | 5.7x | High |
| Q4 2021 | 6.1x | High |
| Q3 2021 | 3.5x | Elevated |
| Q2 2021 | 3.2x | Elevated |
| Q1 2021 | 1.6x | Healthy |
| Q4 2020 | 2.4x | Moderate |
| Q3 2020 | 3.2x | Elevated |
PNNT's net debt is about 14 years of its operating earnings (EBITDA), up from 3.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like PNNT.
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).
PNNT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.3 | Neutral |
| Stochastic | 37.8 | Neutral |
PNNT's weekly RSI is 39 (neutral) and its Stochastic is 38 (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 PNNT on valuation relative to its sector.
PNNT PE vs Financial Services Sector
| Metric | PNNT | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 13x | 61% above |
| PE % | 84 | 63 | 21 pts above |
PNNT is trading at 21x earnings, a 61% premium to 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 PNNT on trend strength, trading above more of its moving averages.
PNNT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.16 | 2.8% above |
| 20 week MA | $3.38 | 3.8% below |
| 50 week MA | $4.28 | 24% below |
| 100 week MA | $5.56 | 42% below |
| 200 week MA | $6.05 | 46% below |
PNNT has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 46% 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 PNNT on returns for 2026, with the stronger performance.
PNNT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.60 | $4.52 | -32% |
| 2021 | $4.52 | $6.88 | +52% |
| 2022 | $6.88 | $5.65 | -18% |
| 2023 | $5.65 | $6.91 | +22% |
| 2024 | $6.91 | $6.99 | +1.2% |
| 2025 | $6.99 | $5.93 | -15% |
| 2026 YTD | $5.93 | $3.25 | -45% |
PNNT has finished lower in three of the last six years. It's down 45% so far in 2026.