GS
The Goldman Sachs Group, Inc.
GS's fundamentals are strong: revenue grew 19% and its operating margin rose 4 points to 40%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
RY
Royal Bank of Canada
There isn't enough reported data to score RY yet.
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.
RY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
RY's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like RY.
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.
RY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $129 | -36% |
| Fair | 13x | $142 | -30% |
| Expensive | 16x | $169 | -17% |
| Current | 19x | $203 | — |
Historical ranges are pointers, not guarantees.
RY 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.
RY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RY, with profitability improving.
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 RY up 23%.
RY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $10.82 | +23% |
| Q1 2026 | $10.24 | +19% |
| Q4 2025 | $9.89 | +25% |
| Q3 2025 | $9.29 | +18% |
| Q2 2025 | $8.83 | +16% |
| Q1 2025 | $8.63 | +15% |
| Q4 2024 | $7.90 | +7% |
| Q3 2024 | $7.90 | +8.5% |
RY's earnings per share have climbed steadily: $10.82 over the past year, up 23% from the year before, and higher year over year for 10 quarters in a row.
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% |
RY has the stronger quarterly revenue trend. Revenue is up 23% for GS versus up 117% for RY.
| 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.
RY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $23.9B | +117% |
| Q1 2026 | $12.6B | +7.3% |
| Q4 2025 | $12.1B | -49% |
| Q3 2025 | $11.9B | +16% |
| Q2 2025 | $11B | +11% |
| Q1 2025 | $11.8B | +24% |
| Q4 2024 | $23.8B | +160% |
| Q3 2024 | $10.3B | +1% |
RY's revenue is growing: $23.9B last quarter, up 117% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 21% | -14 points |
| Q1 2026 | 41% | +2.8 points |
| Q4 2025 | 40% | +24 points |
| Q3 2025 | 40% | +3.7 points |
| Q2 2025 | 35% | +0.4 points |
| Q1 2025 | 38% | +6.2 points |
| Q4 2024 | 15% | -16 points |
| Q3 2024 | 37% | +4.7 points |
RY's operating margin was 21% last quarter, down 14 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.
RY Free Cash Flow
RY and GS do not have enough comparable growth data to identify a winner.
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 RY 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.
RY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -8.6M shares |
| 1 year | -1.4% | -20.2M shares |
| 3 years | +0.2% | +3.2M shares |
| 5 years | -2.4% | -33.8M shares |
| Available history | -2.8% | -39.7M shares |
RY has 1.4B diluted shares, down 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $3.5B |
| Q4 2024 | $1.5B |
| Q4 2022 | $810.6M |
| Q3 2022 | $1B |
| Q2 2022 | $1B |
| Q1 2022 | $1.2B |
| Q4 2021 | $841.5M |
| Q3 2021 | $1.1B |
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.
RY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 10.6x | High |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.8x | Net Cash |
| Q2 2025 | -1.4x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | 28.8x | High |
| Q3 2024 | -1.9x | Net Cash |
RY's net debt is about 11 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like RY.
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).
RY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.7 | Neutral |
| Stochastic | 45.9 | Neutral |
RY's weekly RSI is 56 (neutral) and its Stochastic is 46 (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 RY on valuation relative to its sector.
RY PE vs Financial Services Sector
| Metric | RY | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 44% above |
| PE % | 97 | 63 | 34 pts above |
RY is trading at 19x earnings, a 44% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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.
RY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $199.4 | 1.6% above |
| 20 week MA | $205.1 | 1.2% below |
| 50 week MA | $187.0 | 8.4% above |
| 100 week MA | $158.3 | 28% above |
| 200 week MA | $130.1 | 56% above |
RY 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.
RY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $79.1 | $81.9 | +3.5% |
| 2021 | $81.9 | $104.3 | +27% |
| 2022 | $104.3 | $94.4 | -9.5% |
| 2023 | $94.4 | $101.1 | +7.2% |
| 2024 | $101.1 | $120.9 | +20% |
| 2025 | $120.9 | $171.5 | +42% |
| 2026 YTD | $171.5 | $202.6 | +18% |
RY has the edge over GS on returns for 2026, with the stronger performance.