GS
The Goldman Sachs Group, Inc.
GS has the edge over PWP overall, supported by stronger fundamentals and lower modeled downside.
PWP
Perella Weinberg Partners
PWP's outlook is improving, though it still trails on the overall score.
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.
PWP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
PWP's revenue is currently healthy, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like PWP.
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.
PWP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.5x | $13.45 | — |
| Cheap | 18x | $7.12 | -47% |
| Current | 34x | $13.45 | — |
| Fair | 36x | $14.42 | +7.2% |
| Expensive | 63x | $25.28 | +88% |
Historical ranges are pointers, not guarantees.
PWP 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.
PWP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
PWP has the edge over GS on the outlook, with more favorable valuation expectations.
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 PWP on earnings, with more consistent year-over-year improvement.
PWP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.42 | +255% |
| Q3 2026 | $0.40 | -61% |
| Q2 2026 | $0.27 | -77% |
| Q1 2026 | $0.25 | +$0.32 |
| Q4 2025 | $0.47 | +$1.69 |
PWP's earnings per share have fallen from their peak: $0.40 over the past year, against $1.18 in mid-2025.
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 edge over PWP on sales, with more consistent year-over-year improvement.
| 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 PWP on profitability, with a higher operating margin.
PWP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $251.4M | +53% |
| Q2 2026 | $156.5M | +0.8% |
| Q1 2026 | $148.9M | -30% |
| Q4 2025 | $219.2M | -2.9% |
| Q3 2025 | $164.6M | -41% |
| Q2 2025 | $155.3M | -43% |
| Q1 2025 | $211.8M | +107% |
| Q4 2024 | $225.7M | +6.1% |
PWP's revenue has held roughly level: $251M last quarter, up 53% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +8.5 points |
| Q2 2026 | 3.2% | -2.5 points |
| Q1 2026 | -8.7% | -14 points |
| Q4 2025 | 8.4% | -1 points |
| Q3 2025 | 5.4% | -7.5 points |
| Q2 2025 | 5.8% | +36 points |
| Q1 2025 | 5.5% | +58 points |
| Q4 2024 | 9.5% | +30 points |
PWP's operating margin was 14% last quarter, up 8.5 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.
PWP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $71M | +23% |
| Q2 2026 | $47.2M | -15% |
| Q1 2026 | -$111.8M | +$65.8M |
| Q4 2025 | $95.1M | -31% |
| Q3 2025 | $57.6M | -71% |
| Q2 2025 | $55.3M | -34% |
| Q1 2025 | -$177.6M | +$37.2M |
| Q4 2024 | $138.8M | -5.1% |
PWP 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 PWP 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.
PWP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +1.6M shares |
| 1 year | +3.1% | +3.1M shares |
| 3 years | +15% | +13.5M shares |
PWP has 103M diluted shares, up 3.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2M |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $1.9M |
| Q2 2025 | $17.3M |
| Q1 2025 | $14.4M |
| Q4 2024 | — |
PWP spent $2M buying back its own shares over the past year, down 94% 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 the edge over PWP on leverage, with a lower net debt burden relative to earnings.
PWP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.2x | Net Cash |
| Q2 2026 | -2.8x | Net Cash |
| Q1 2026 | -1.7x | Net Cash |
| Q4 2025 | -3.7x | Net Cash |
| Q3 2025 | -2.6x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -15.9x | Net Cash |
PWP has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like PWP.
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).
PWP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.8 | Neutral |
| Stochastic | 27.4 | Neutral |
PWP's weekly RSI is 42 (neutral) and its Stochastic is 27 (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 PWP on valuation relative to its sector.
PWP PE vs Financial Services Sector
| Metric | PWP | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 13x | 158% above |
| PE % | 45 | 61 | 16 pts below |
PWP is trading at 34x earnings, a 158% 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 PWP on trend strength, trading above more of its moving averages.
PWP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.2 | 5.1% below |
| 20 week MA | $15.4 | 12% below |
| 50 week MA | $17.4 | 23% below |
| 100 week MA | $18.9 | 29% below |
| 200 week MA | $16.2 | 17% below |
PWP is in a downtrend: it's below all five of its weekly moving averages, and 17% 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 PWP on returns for 2026, with the stronger performance.
PWP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.90 | $10.9 | +10% |
| 2021 | $10.9 | $12.8 | +18% |
| 2022 | $12.8 | $9.41 | -27% |
| 2023 | $9.41 | $12.2 | +30% |
| 2024 | $12.2 | $24.0 | +96% |
| 2025 | $24.0 | $17.7 | -26% |
| 2026 YTD | $17.7 | $13.5 | -24% |
PWP has finished higher in four of the last six years. It's down 24% so far in 2026.