GS
The Goldman Sachs Group, Inc.
GS has the edge over RLI overall, supported by stronger modeled upside and stronger fundamentals.
RLI
RLI Corp.
RLI 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.
RLI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
RLI's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like RLI.
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.
RLI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $51.93 | -25% |
| Current | 16x | $69.12 | — |
| Fair | 19x | $81.55 | +18% |
| Forward | 25x | $69.12 | — |
| Expensive | 31x | $134 | +94% |
Historical ranges are pointers, not guarantees.
RLI 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 RLI on the outlook, with more favorable valuation and earnings expectations.
RLI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect RLI'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 RLI on earnings, with more consistent year-over-year improvement.
RLI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.73 | -36% |
| Q3 2026 | $4.30 | +13% |
| Q2 2026 | $4.77 | +37% |
| Q1 2026 | $4.29 | +41% |
| Q4 2025 | $4.37 | +17% |
| Q3 2025 | $3.81 | -16% |
| Q2 2025 | $3.49 | -4.6% |
| Q1 2025 | $3.04 | -16% |
| Q4 2024 | $3.74 | +13% |
RLI's earnings per share have fallen from their peak: $4.30 over the past year, against $7.79 in mid-2023.
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 RLI 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 RLI on profitability, with a higher operating margin.
RLI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $477M | -6.3% |
| Q2 2026 | $575.6M | +15% |
| Q1 2026 | $423.9M | +4% |
| Q4 2025 | $465.7M | +6.1% |
| Q3 2025 | $509.3M | +8.4% |
| Q2 2025 | $499.8M | +20% |
| Q1 2025 | $407.7M | -8.4% |
| Q4 2024 | $439.1M | +1.3% |
RLI's revenue is growing: $477M last quarter, down 6.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | -9.9 points |
| Q2 2026 | 37% | +5.3 points |
| Q1 2026 | 16% | -3.4 points |
| Q4 2025 | 24% | +14 points |
| Q3 2025 | 31% | +6 points |
| Q2 2025 | 31% | +6.5 points |
| Q1 2025 | 19% | -17 points |
| Q4 2024 | 11% | -22 points |
RLI's operating margin was 21% last quarter, down 9.9 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.
RLI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $192.4M | +8.2% |
| Q2 2026 | $142.4M | -18% |
| Q1 2026 | $41.8M | -59% |
| Q4 2025 | $155M | +21% |
| Q3 2025 | $177.8M | -19% |
| Q2 2025 | $173.4M | +25% |
| Q1 2025 | $102.5M | +47% |
| Q4 2024 | $127.6M | +4.9% |
RLI 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 RLI 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.
RLI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +91K shares |
| 1 year | -0.1% | -59K shares |
| 3 years | +0.1% | +121K shares |
| 5 years | +1% | +873K shares |
| Available history | +1.9% | +1.7M shares |
RLI has 92M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.3M |
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.
RLI 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).
RLI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.5 | Neutral |
| Stochastic | 82.5 | Overbought |
RLI's weekly RSI is 65 (neutral) and its Stochastic is 83 (overbought).
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 RLI on valuation relative to its sector.
RLI PE vs Financial Services Sector
| Metric | RLI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 23% above |
| PE % | 27 | 63 | 36 pts below |
RLI is trading at 16x earnings, a 23% 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's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
RLI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $62.0 | 12% above |
| 20 week MA | $62.2 | 11% above |
| 50 week MA | $59.6 | 16% above |
| 100 week MA | $65.5 | 5.5% above |
| 200 week MA | $68.1 | 1.5% above |
RLI has the edge over GS on trend strength, trading above more of its moving averages.
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 finished higher in five of the last six years, two of them by more than 50%. It's up 0.7% so far in 2026.
RLI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.9 | $51.9 | +16% |
| 2021 | $51.9 | $54.7 | +5.4% |
| 2022 | $54.7 | $66.9 | +22% |
| 2023 | $66.9 | $66.6 | -0.4% |
| 2024 | $66.6 | $83.0 | +25% |
| 2025 | $83.0 | $64.7 | -22% |
| 2026 YTD | $64.7 | $69.1 | +6.8% |
RLI has the edge over GS on returns for 2026, with the stronger performance.