GS
The Goldman Sachs Group, Inc.
GS has the edge over RNR overall, supported by stronger modeled upside and lower modeled downside.
RNR
RenaissanceRe Holdings Ltd.
RNR 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.
RNR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Strong | |
| N/A | |
| N/A |
RNR's profitability is currently strong, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like RNR.
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 RNR in the historical PE scenario, which offers more potential upside but is not a forecast.
RNR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5x | $171 | -52% |
| Fair | 7.4x | $256 | -28% |
| Forward | 8.4x | $355 | — |
| Current | 10x | $355 | — |
| Expensive | 15x | $500 | +41% |
Historical ranges are pointers, not guarantees.
RNR's PE is in its fair range at 10x. On analysts' estimates for next year's earnings, today's price would be 8.4x.
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.
RNR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Decline | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RNR's profitability to improve, but its revenue to decline. However, they disagree widely on these estimates.
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 RNR on earnings, with more consistent year-over-year improvement.
RNR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $42.22 | +22% |
| Q3 2026 | $34.47 | -4.5% |
| Q2 2026 | $57.88 | +47% |
| Q1 2026 | $59.33 | +88% |
| Q4 2025 | $56.03 | +59% |
| Q3 2025 | $36.11 | -49% |
| Q2 2025 | $39.33 | -24% |
| Q1 2025 | $31.54 | -32% |
| Q4 2024 | $35.21 | -33% |
RNR's earnings per share have fallen from their peak: $34.47 over the past year, against $70.44 in late 2024.
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 RNR 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 RNR on profitability, with a higher operating margin.
RNR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | -47% |
| Q2 2026 | $2.8B | -14% |
| Q1 2026 | $2.2B | -37% |
| Q4 2025 | $3B | +30% |
| Q3 2025 | $3.2B | -20% |
| Q2 2025 | $3.2B | +13% |
| Q1 2025 | $3.5B | +34% |
| Q4 2024 | $2.3B | -29% |
RNR's revenue has slid since its 2024 peak: $1.7B last quarter, down 47% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -1.9% | -48 points |
| Q2 2026 | 40% | -1.4 points |
| Q1 2026 | 25% | +27 points |
| Q4 2025 | 43% | +46 points |
| Q3 2025 | 46% | +2.6 points |
| Q2 2025 | 42% | +17 points |
| Q1 2025 | -2% | -26 points |
| Q4 2024 | -3.6% | -48 points |
RNR's operating margin was −1.9% last quarter, down 48 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.
RNR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $794.5M | -50% |
| Q2 2026 | $852.4M | -42% |
| Q1 2026 | $687.6M | +336% |
| Q4 2025 | $483M | -38% |
| Q3 2025 | $1.6B | +6.2% |
| Q2 2025 | $1.5B | +21% |
| Q1 2025 | $157.8M | -77% |
| Q4 2024 | $778.9M | +52% |
RNR 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 301M diluted shares, down 4.4% from a year ago, with $15B in buybacks over the past year.
| 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.
RNR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3% | -1.3M shares |
| 1 year | -12% | -5.7M shares |
| 3 years | -20% | -10.1M shares |
| 5 years | -13% | -5.9M shares |
| Available history | -7.5% | -3.3M shares |
RNR has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $310.1M |
| Q2 2026 | $350.5M |
| Q1 2026 | $352M |
| Q4 2025 | $660M |
| Q3 2025 | $208.3M |
| Q2 2025 | $373.6M |
| Q1 2025 | $357.7M |
| Q4 2024 | $451.6M |
RNR spent $1.7B buying back its own shares over the past year, up 20% 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 RNR on leverage, with a lower net debt burden relative to earnings.
RNR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.1x | Very low |
RNR's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like RNR.
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).
RNR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.5 | Neutral |
| Stochastic | 66.9 | Neutral |
RNR's weekly RSI is 67 (neutral) and its Stochastic is 67 (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 is trading at 13x earnings, in line with the Financial Services sector's median of 13x, though its earnings don't support one.
RNR PE vs Financial Services Sector
| Metric | RNR | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 21% below |
| PE % | 62 | 63 | 1 pt below |
RNR 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's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
RNR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $340.9 | 4% above |
| 20 week MA | $331.1 | 7.1% above |
| 50 week MA | $307.5 | 15% above |
| 100 week MA | $276.5 | 28% above |
| 200 week MA | $248.0 | 43% above |
RNR 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.
RNR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $195.7 | $161.4 | -18% |
| 2021 | $161.4 | $167.7 | +3.9% |
| 2022 | $167.7 | $186.9 | +11% |
| 2023 | $186.9 | $196.0 | +4.9% |
| 2024 | $196.0 | $250.6 | +28% |
| 2025 | $250.6 | $281.4 | +12% |
| 2026 YTD | $281.4 | $354.7 | +26% |
RNR has the edge over GS on returns for 2026, with the stronger performance.