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.
RYAN
Ryan Specialty Holdings, Inc.
There isn't enough reported data to score RYAN 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.
RYAN Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| N/A | |
| N/A |
RYAN's profitability is currently stable. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like RYAN.
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.
RYAN PE Valuation
RYAN has no meaningful PE right now: it lost money over the past year.
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.
RYAN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for RYAN, 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 RYAN down 71%.
RYAN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.35 | +2037% |
| Q4 2025 | $0.11 | -71% |
| Q3 2025 | $0.13 | -75% |
| Q2 2025 | $0.12 | -68% |
| Q1 2025 | $0.10 | -78% |
| Q4 2024 | $0.38 | -45% |
| Q3 2024 | $0.51 | -24% |
| Q2 2024 | $0.37 | -55% |
| Q1 2024 | $0.46 | -41% |
RYAN's earnings per share have fallen from their peak: $0.11 over the past year, against $0.82 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 stronger quarterly revenue trend. Revenue is up 23% for GS versus up 14% for RYAN.
| 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 RYAN on profitability, with a higher operating margin.
RYAN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $790M | +4.7% |
| Q4 2025 | $751.2M | +13% |
| Q3 2025 | $754.6M | +25% |
| Q2 2025 | $855.2M | +23% |
| Q1 2025 | $690.2M | +25% |
| Q4 2024 | $663.5M | +25% |
| Q3 2024 | $604.7M | +20% |
| Q2 2024 | $695.4M | +19% |
RYAN's revenue has grown year over year every quarter since early 2021: $790M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | -2.8 points |
| Q4 2025 | 18% | +7.6 points |
| Q3 2025 | 21% | +17 points |
| Q2 2025 | 16% | -3.6 points |
| Q1 2025 | 7.4% | -1.1 points |
| Q4 2024 | 10% | -0.7 points |
| Q3 2024 | 3.3% | -4.8 points |
| Q2 2024 | 20% | +3.4 points |
RYAN's operating margin was 18% last quarter, up 10 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 |
RYAN has the stronger cash trend. Its trailing FCF is up 176% versus its history, compared with GS at down 278%.
RYAN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $181.3M | +17% |
| Q4 2025 | $246M | +1.5% |
| Q3 2025 | $155.5M | +66% |
| Q2 2025 | $333.8M | +30% |
| Q1 2025 | -$159.6M | -$35.4M |
| Q4 2024 | $242.3M | +14% |
| Q3 2024 | $93.8M | -1.1% |
| Q2 2024 | $255.9M | -15% |
RYAN's free cash flow was $917M over the past year, up 112% from the year before. Free cash flow isn't a meaningful measure for financial services companies like RYAN.
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 RYAN 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.
RYAN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -9.7% | -26.9M shares |
| 1 year | +100% | +126M shares |
| 3 years | +127% | +141M shares |
| 5 years | +136% | +145M shares |
RYAN has 252M diluted shares, up 100% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $150.1M |
| Q4 2025 | $3.5M |
| Q3 2025 | $82,000 |
| Q2 2025 | $13M |
| Q1 2025 | $1.7M |
| Q4 2024 | $83,000 |
| Q3 2024 | $82,000 |
| Q2 2024 | — |
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.
RYAN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 4.2x | High |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 4.8x | High |
| Q1 2025 | 5.5x | High |
| Q4 2024 | 4.9x | High |
| Q3 2024 | 4.9x | High |
| Q2 2024 | 2.9x | Moderate |
| Q1 2024 | 3.1x | Elevated |
RYAN's net debt is about 4.2 years of its operating earnings (EBITDA), down from 4.9 years a year ago. Net leverage isn't a meaningful measure for financial services companies like RYAN.
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).
RYAN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.4 | Neutral |
| Stochastic | 78.4 | Neutral |
RYAN's weekly RSI is 59 (neutral) and its Stochastic is 78 (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.
RYAN PE vs Financial Services Sector
| Metric | RYAN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
RYAN has no meaningful PE right now: it lost money over the past year.
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.
RYAN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $41.8 | 10% above |
| 20 week MA | $41.9 | 10% above |
| 50 week MA | $41.0 | 12% above |
| 100 week MA | $52.3 | 12% below |
| 200 week MA | $51.7 | 11% below |
RYAN has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 11% 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 RYAN on returns for 2026, with the stronger performance.
RYAN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $28.6 | $39.3 | +38% |
| 2022 | $39.3 | $40.6 | +3.1% |
| 2023 | $40.6 | $43.0 | +6.1% |
| 2024 | $43.0 | $64.0 | +49% |
| 2025 | $64.0 | $51.8 | -19% |
| 2026 YTD | $51.8 | $46.2 | -11% |
RYAN has finished higher in four of the last five years. It's down 11% so far in 2026.