GS
The Goldman Sachs Group, Inc.
GS has the edge over TROW overall, supported by stronger fundamentals and stronger modeled upside.
TROW
T. Rowe Price Group, Inc.
TROW has slightly lower modeled downside risk, despite its lower overall score.
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.
TROW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
TROW'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 TROW.
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.
TROW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $108 | -0.2% |
| Current | 11x | $108 | — |
| Forward | 11x | $108 | — |
| Fair | 14x | $134 | +24% |
| Expensive | 17x | $164 | +51% |
Historical ranges are pointers, not guarantees.
TROW 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 |
GS has the edge over TROW on the outlook, with more favorable earnings and revenue expectations.
TROW Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect TROW's earnings, revenue and profitability to hold roughly 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 TROW on earnings, with stronger typical year-over-year growth.
TROW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.04 | +1.7% |
| Q3 2026 | $9.88 | +7.7% |
| Q2 2026 | $9.96 | +11% |
| Q1 2026 | $9.32 | +5.8% |
| Q4 2025 | $9.24 | +1% |
| Q3 2025 | $9.17 | +0.3% |
| Q2 2025 | $8.94 | +5.5% |
| Q1 2025 | $8.81 | +4.6% |
| Q4 2024 | $9.15 | +18% |
TROW's earnings per share have fallen from their peak: $9.88 over the past year, against $13.27 in late 2021.
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 TROW 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.
TROW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +5.9% |
| Q2 2026 | $1.9B | +11% |
| Q1 2026 | $1.9B | +5.3% |
| Q4 2025 | $1.9B | +6% |
| Q3 2025 | $1.9B | +6% |
| Q2 2025 | $1.7B | -0.6% |
| Q1 2025 | $1.8B | +0.8% |
| Q4 2024 | $1.8B | +11% |
TROW's revenue has grown year over year for five quarters in a row: $2B last quarter, up 5.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +4.4 points |
| Q2 2026 | 28% | +0.6 points |
| Q1 2026 | 37% | +2.8 points |
| Q4 2025 | 24% | -6.8 points |
| Q3 2025 | 34% | -0.4 points |
| Q2 2025 | 28% | -4.8 points |
| Q1 2025 | 34% | +0.3 points |
| Q4 2024 | 31% | +7.6 points |
TROW 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.
TROW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $470.6M | -14% |
| Q2 2026 | $450.9M | -3.6% |
| Q1 2026 | $762.3M | +38% |
| Q4 2025 | -$85.4M | +$309.5M |
| Q3 2025 | $546M | -0.3% |
| Q2 2025 | $467.7M | -19% |
| Q1 2025 | $550.9M | +3% |
| Q4 2024 | -$394.9M | -$155.6M |
TROW 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 TROW 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.
TROW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -600K shares |
| 1 year | -2.8% | -6.1M shares |
| 3 years | -5% | -11.2M shares |
| 5 years | -6.8% | -15.5M shares |
| Available history | -10% | -25M shares |
TROW has 214M diluted shares, down 2.8% from a year ago, with $640M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100,000 |
| Q2 2026 | $167.3M |
| Q1 2026 | $333.5M |
| Q4 2025 | $139.1M |
| Q3 2025 | $153.5M |
| Q2 2025 | $113.1M |
| Q1 2025 | $215.2M |
| Q4 2024 | $68.1M |
TROW spent $640M buying back its own shares over the past year, up 16% 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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like GS.
TROW Net Leverage
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).
TROW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.1 | Neutral |
| Stochastic | 46.5 | Neutral |
TROW's weekly RSI is 53 (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 is trading at 13x earnings, in line with the Financial Services sector's median of 13x, though its earnings don't support one.
TROW PE vs Financial Services Sector
| Metric | TROW | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 16% below |
| PE % | 17 | 63 | 46 pts below |
TROW 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.
TROW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $105.1 | 2.9% above |
| 20 week MA | $109.6 | 1.2% below |
| 50 week MA | $104.1 | 4% above |
| 100 week MA | $102.9 | 5.2% above |
| 200 week MA | $106.9 | 1.2% above |
TROW 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.
TROW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $122.8 | $148.3 | +21% |
| 2021 | $148.3 | $195.3 | +32% |
| 2022 | $195.3 | $111.1 | -43% |
| 2023 | $111.1 | $107.7 | -3.1% |
| 2024 | $107.7 | $115.7 | +7.4% |
| 2025 | $115.7 | $104.8 | -9.4% |
| 2026 YTD | $104.8 | $108.2 | +3.3% |
TROW has the edge over GS on returns for 2026, with the stronger performance.