GS
The Goldman Sachs Group, Inc.
GS's outlook is improving, though it still trails on the overall score.
SPGI
S&P Global Inc.
SPGI has a slight edge over GS overall, supported by stronger valuation and stronger modeled upside.
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.
SPGI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
SPGI'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 SPGI.
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.
SPGI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 24x | $469 | — |
| Cheap | 28x | $474 | +1.2% |
| Current | 28x | $469 | — |
| Fair | 36x | $613 | +31% |
| Expensive | 48x | $807 | +72% |
Historical ranges are pointers, not guarantees.
SPGI 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.
SPGI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect SPGI's earnings to grow and its profitability to improve, with its 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 SPGI on earnings, with stronger typical year-over-year growth.
SPGI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.42 | +15% |
| Q3 2026 | $16.82 | +22% |
| Q2 2026 | $16.43 | +26% |
| Q1 2026 | $15.81 | +24% |
| Q4 2025 | $14.66 | +19% |
| Q3 2025 | $13.75 | +21% |
| Q2 2025 | $13.00 | +23% |
| Q1 2025 | $12.73 | +43% |
| Q4 2024 | $12.35 | +50% |
SPGI's earnings per share have climbed steadily: $16.82 over the past year, up 22% from the year before, and higher year over year for 11 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% |
GS has the edge over SPGI on sales, with stronger typical year-over-year growth.
| 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.
SPGI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.7B | -5.4% |
| Q2 2026 | $4.1B | +10% |
| Q1 2026 | $4.2B | +10% |
| Q4 2025 | $3.9B | +9% |
| Q3 2025 | $3.9B | +8.8% |
| Q2 2025 | $3.8B | +5.8% |
| Q1 2025 | $3.8B | +8.2% |
| Q4 2024 | $3.6B | +14% |
SPGI's revenue is growing: $3.7B last quarter, down 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 53% | +10 points |
| Q2 2026 | 44% | +2.4 points |
| Q1 2026 | 48% | +6.2 points |
| Q4 2025 | 43% | +6.3 points |
| Q3 2025 | 43% | +3 points |
| Q2 2025 | 41% | +0.4 points |
| Q1 2025 | 42% | +2.1 points |
| Q4 2024 | 36% | +8.2 points |
SPGI has the edge over GS on profitability, with a higher operating margin.
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.
SPGI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -21% |
| Q2 2026 | $1.4B | +1.2% |
| Q1 2026 | $1B | +11% |
| Q4 2025 | $1.7B | -0.3% |
| Q3 2025 | $1.5B | +3.5% |
| Q2 2025 | $1.4B | -9.2% |
| Q1 2025 | $910M | -1.5% |
| Q4 2024 | $1.7B | +33% |
SPGI 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 SPGI 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.
SPGI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -3.9M shares |
| 1 year | -4.2% | -12.9M shares |
| 3 years | -8.3% | -26.4M shares |
| 5 years | +21% | +49.9M shares |
| Available history | +18% | +44.7M shares |
SPGI has 292M diluted shares, down 4.2% from a year ago, with $6.6B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.6B |
| Q2 2026 | $500M |
| Q1 2026 | $1B |
| Q4 2025 | $2.5B |
| Q3 2025 | $1.2B |
| Q2 2025 | $651M |
| Q1 2025 | $650M |
| Q4 2024 | $1.3B |
SPGI spent $6.6B buying back its own shares over the past year, up 74% 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 SPGI on leverage, with a lower net debt burden relative to earnings.
SPGI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.4x | Healthy |
SPGI's net debt is about 1.2 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for financial services companies like SPGI.
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).
SPGI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.9 | Neutral |
| Stochastic | 85.6 | Overbought |
SPGI's weekly RSI is 60 (neutral) and its Stochastic is 86 (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 SPGI on valuation relative to its sector.
SPGI PE vs Financial Services Sector
| Metric | SPGI | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 114% above |
| PE % | 15 | 63 | 48 pts below |
SPGI is trading at 28x earnings, a 114% 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.
SPGI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $435.0 | 7.7% above |
| 20 week MA | $430.0 | 9% above |
| 50 week MA | $442.2 | 6% above |
| 100 week MA | $475.5 | 1.5% below |
| 200 week MA | $448.6 | 4.4% above |
SPGI 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 the edge over SPGI on returns for 2026, with the stronger performance.
SPGI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $274.3 | $316.6 | +15% |
| 2021 | $316.6 | $473.7 | +50% |
| 2022 | $473.7 | $332.9 | -30% |
| 2023 | $332.9 | $440.5 | +32% |
| 2024 | $440.5 | $501.8 | +14% |
| 2025 | $501.8 | $529.5 | +5.5% |
| 2026 YTD | $529.5 | $468.5 | -12% |
SPGI has finished higher in five of the last six years. It's down 12% so far in 2026.