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.
TCPC
BlackRock TCP Capital Corp.
There isn't enough reported data to score TCPC 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.
TCPC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
TCPC's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TCPC.
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.
TCPC PE Valuation
TCPC 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 |
GS has the edge over TCPC on the outlook, with more favorable earnings and revenue expectations.
TCPC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect TCPC's earnings and revenue to decline, with profitability weakening.
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 TCPC on earnings quality, reporting a profit while its opponent remains loss making.
TCPC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.32 | — |
| Q3 2026 | -$2.37 | -$2.20 |
| Q2 2026 | -$1.28 | -$1.07 |
| Q1 2026 | -$1.49 | -$0.87 |
| Q4 2025 | -$1.05 | -$0.26 |
| Q3 2025 | -$0.17 | +$0.32 |
| Q2 2025 | -$0.21 | +$0.31 |
| Q1 2025 | -$0.62 | -272% |
| Q4 2024 | -$0.79 | -218% |
TCPC lost $2.37 per share over the past year, a bigger loss than the year before.
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 5.5% for TCPC.
| 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.
TCPC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $44M | +5.5% |
| Q1 2022 | $42.2M | +2.4% |
| Q4 2021 | $39.6M | -7.7% |
| Q3 2021 | $42.7M | -0.3% |
| Q2 2021 | $41.6M | -7.7% |
| Q1 2021 | $41.2M | -0.2% |
| Q4 2020 | $42.9M | -10% |
TCPC's revenue has held roughly level: $44M last quarter, up 5.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 70% | +1.3 points |
| Q1 2022 | 69% | -0.3 points |
| Q4 2021 | 69% | -0.8 points |
| Q3 2021 | 68% | -1.3 points |
| Q2 2021 | 68% | -1.9 points |
| Q1 2021 | 69% | -11 points |
| Q4 2020 | 70% | -2.6 points |
| Q3 2020 | 70% | N/A |
TCPC's operating margin was 70% last quarter, up 1.3 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.
TCPC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $291.9M | +181% |
| Q2 2026 | $96.3M | +$138.2M |
| Q1 2026 | $159.1M | +203% |
| Q4 2025 | $40.5M | -43% |
| Q3 2025 | $103.7M | +2.1% |
| Q2 2025 | -$41.9M | -148% |
| Q1 2025 | $52.5M | +57% |
| Q4 2024 | $71.7M | +78% |
TCPC 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 TCPC 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.
TCPC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -12.6K shares |
| 1 year | -1.3% | -1.1M shares |
| 3 years | +45% | +26.1M shares |
| 5 years | +45% | +26.1M shares |
| Available history | +43% | +25.2M shares |
TCPC has 84M diluted shares, down 1.3% from a year ago, with $5M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $590,502 |
| Q1 2026 | $2.3M |
| Q4 2025 | $2.5M |
| Q3 2025 | $162,702 |
| Q2 2025 | $274,463 |
| Q1 2025 | $26,915 |
| Q2 2022 | — |
TCPC spent $5M buying back its own shares over the past year.
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.
TCPC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 10.7x | High |
| Q1 2022 | 10.8x | High |
| Q4 2021 | 17.2x | High |
| Q3 2021 | 10.8x | High |
| Q2 2021 | 11.0x | High |
| Q1 2021 | 10.6x | High |
| Q4 2020 | 6.7x | High |
| Q3 2020 | 9.5x | High |
TCPC's net debt is about 11 years of its operating earnings (EBITDA), down from 11 years a year ago. Net leverage isn't a meaningful measure for financial services companies like TCPC.
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).
TCPC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.2 | Neutral |
| Stochastic | 79.0 | Neutral |
TCPC's weekly RSI is 51 (neutral) and its Stochastic is 79 (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.
TCPC PE vs Financial Services Sector
| Metric | TCPC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
TCPC 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 has the edge over TCPC on trend strength, trading above more of its moving averages.
TCPC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.10 | 0.2% above |
| 20 week MA | $3.88 | 5.9% above |
| 50 week MA | $4.23 | 2.8% below |
| 100 week MA | $5.83 | 30% below |
| 200 week MA | $8.29 | 50% below |
TCPC has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 50% 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 TCPC on returns for 2026, with the stronger performance.
TCPC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.1 | $11.3 | -20% |
| 2021 | $11.3 | $13.5 | +20% |
| 2022 | $13.5 | $13.0 | -3.8% |
| 2023 | $13.0 | $11.5 | -11% |
| 2024 | $11.5 | $8.56 | -26% |
| 2025 | $8.56 | $5.44 | -36% |
| 2026 YTD | $5.44 | $4.11 | -24% |
TCPC has finished four years in a row lower, and it's down 24% so far in 2026.