GS
The Goldman Sachs Group, Inc.
GS has the edge over QFIN overall, supported by stronger fundamentals and lower modeled downside.
QFIN
Qfin Holdings, Inc.
QFIN offers stronger modeled upside, 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.
QFIN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| N/A | |
| N/A |
QFIN's profitability is currently healthy, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like QFIN.
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.
QFIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 0.7x | $5.15 | — |
| Cheap | 2.6x | $18.64 | +262% |
| Fair | 4.6x | $32.73 | +535% |
| Expensive | 6.7x | $47.38 | +820% |
Historical ranges are pointers, not guarantees.
QFIN 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 QFIN on the outlook, with more favorable earnings and revenue expectations.
QFIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect QFIN's earnings and revenue to decline, with profitability weakening.
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's earnings per share have climbed steadily: $69.58 over the past year, up 41% from the year before, and higher year over year for 10 quarters in a row. Its recent earnings include one-off gains.
QFIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $7.06 | -6.9% |
| Q1 2026 | $7.96 | +13% |
| Q4 2025 | $7.70 | +23% |
| Q3 2025 | $7.41 | +41% |
| Q2 2025 | $7.58 | +68% |
| Q1 2025 | $7.03 | +68% |
| Q4 2024 | $6.25 | +59% |
| Q3 2024 | $5.25 | +58% |
QFIN earned $7.06 per share over the past year, down 6.9% 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 has the edge over QFIN 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 QFIN on profitability, with a higher operating margin.
QFIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $533.7M | -18% |
| Q1 2026 | $586.7M | -3.7% |
| Q4 2025 | $511.6M | -24% |
| Q3 2025 | $781.2M | +19% |
| Q2 2025 | $649.6M | +4.1% |
| Q1 2025 | $609.2M | -2.3% |
| Q4 2024 | $672.7M | -0.3% |
| Q3 2024 | $655.8M | +2.1% |
QFIN's revenue is shrinking: $534M last quarter, down 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 32% | -18 points |
| Q1 2026 | 28% | -26 points |
| Q4 2025 | 34% | -8.4 points |
| Q3 2025 | 33% | -20 points |
| Q2 2025 | 50% | +2.5 points |
| Q1 2025 | 55% | +22 points |
| Q4 2024 | 42% | +14 points |
| Q3 2024 | 52% | +20 points |
QFIN's operating margin was 32% last quarter, down 18 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.
QFIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $162.8M | -59% |
| Q1 2026 | $314.8M | -25% |
| Q4 2025 | $0 | -100% |
| Q3 2025 | $375.4M | +5.5% |
| Q2 2025 | $393.5M | +34% |
| Q1 2025 | $421.1M | +43% |
| Q4 2024 | $435M | +28% |
| Q3 2024 | $355.9M | +91% |
QFIN 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 QFIN 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.
QFIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +4.9% | +6.7M shares |
| 3 years | -14% | -22.8M shares |
| 5 years | -11% | -18.4M shares |
| Available history | -4.6% | -6.9M shares |
QFIN has 143M diluted shares, up 4.9% from a year ago, despite $707M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $706.5M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $446.2M |
| Q3 2024 | — |
QFIN spent $707M buying back its own shares over the past year, up 58% 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 QFIN on leverage, with a lower net debt burden relative to earnings.
QFIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
| Q3 2024 | -0.4x | Net Cash |
QFIN has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like QFIN.
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).
QFIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 24.0 | Oversold |
| Stochastic | 2.9 | Oversold |
QFIN's weekly RSI is 24 (oversold) and its Stochastic is 3 (oversold).
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.
QFIN PE vs Financial Services Sector
| Metric | QFIN | Sector median | Relative |
|---|---|---|---|
| PE | 0.7x | 13x | 94% below |
| PE % | 0 | 63 | 63 pts below |
QFIN 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 has the edge over QFIN on trend strength, trading above more of its moving averages.
QFIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.85 | 12% below |
| 20 week MA | $9.34 | 45% below |
| 50 week MA | $13.0 | 60% below |
| 100 week MA | $24.5 | 79% below |
| 200 week MA | $22.3 | 77% below |
QFIN is in a downtrend: it's below all five of its weekly moving averages, and 77% 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 QFIN on returns for 2026, with the stronger performance.
QFIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.41 | $10.8 | +15% |
| 2021 | $10.8 | $22.0 | +103% |
| 2022 | $22.0 | $19.3 | -12% |
| 2023 | $19.3 | $15.8 | -18% |
| 2024 | $15.8 | $38.2 | +141% |
| 2025 | $38.2 | $20.0 | -48% |
| 2026 YTD | $20.0 | $5.15 | -74% |
QFIN's yearly returns have swung widely, from +141% in 2024 to −48% in 2025. It's down 74% so far in 2026.