GS
The Goldman Sachs Group, Inc.
GS has the edge over UNM overall, supported by stronger modeled upside and lower modeled downside.
UNM
Unum Group
UNM trails on the overall score without a compensating advantage in the available component scores.
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.
UNM Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| N/A | |
| N/A |
UNM's profitability is currently stable, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like UNM.
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 has the edge over UNM in the historical PE scenario, which offers more potential upside but is not a forecast.
UNM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $8.45 | -89% |
| Fair | 7.4x | $10.64 | -87% |
| Forward | 9.4x | $79.09 | — |
| Expensive | 9.5x | $13.57 | -83% |
| Current | 55x | $79.09 | — |
Historical ranges are pointers, not guarantees.
UNM's PE is in its expensive range at 55x. On analysts' estimates for next year's earnings, today's price would be 9.4x.
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.
UNM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect UNM'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 UNM on earnings, with more consistent year-over-year improvement.
UNM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.40 | +487% |
| Q3 2026 | $1.43 | -72% |
| Q2 2026 | $4.31 | -48% |
| Q1 2026 | $4.62 | -46% |
| Q4 2025 | $4.27 | -55% |
| Q3 2025 | $5.12 | -45% |
| Q2 2025 | $8.35 | +23% |
| Q1 2025 | $8.48 | +26% |
| Q4 2024 | $9.46 | +46% |
UNM's earnings per share have fallen from their peak: $1.43 over the past year, against $9.46 in late 2024.
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 UNM on sales, with more consistent year-over-year improvement.
| 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 UNM on profitability, with a higher operating margin.
UNM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.5B | -25% |
| Q2 2026 | $3.4B | +0.3% |
| Q1 2026 | $3.4B | +8.5% |
| Q4 2025 | $3.2B | +0.2% |
| Q3 2025 | $3.4B | +5% |
| Q2 2025 | $3.4B | +4% |
| Q1 2025 | $3.1B | -3.4% |
| Q4 2024 | $3.2B | +2.9% |
UNM's revenue has slid since its 2020 peak: $2.5B last quarter, down 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -22% | -23 points |
| Q2 2026 | 9.8% | -2.6 points |
| Q1 2026 | 9% | +1.1 points |
| Q4 2025 | 6.7% | -7 points |
| Q3 2025 | 1.6% | -14 points |
| Q2 2025 | 12% | -2.9 points |
| Q1 2025 | 7.9% | -7.6 points |
| Q4 2024 | 14% | +0.1 points |
UNM's operating margin was −22% last quarter, down 23 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.
UNM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $529.6M | +$932.2M |
| Q2 2026 | $474.3M | +48% |
| Q1 2026 | $301.2M | -5.2% |
| Q4 2025 | $320.1M | -29% |
| Q3 2025 | -$402.6M | -214% |
| Q2 2025 | $320.1M | +2.8% |
| Q1 2025 | $317.8M | +18% |
| Q4 2024 | $453.8M | +52% |
UNM 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 301M diluted shares, down 4.4% from a year ago, with $15B in buybacks over the past year.
| 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.
UNM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -1.4M shares |
| 1 year | -7% | -12M shares |
| 3 years | -20% | -38.5M shares |
| 5 years | -23% | -46.5M shares |
| Available history | -24% | -51.2M shares |
UNM has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $198.5M |
| Q2 2026 | $209.9M |
| Q1 2026 | $398.8M |
| Q4 2025 | $258.5M |
| Q3 2025 | $250.9M |
| Q2 2025 | $300.4M |
| Q1 2025 | $200.5M |
| Q4 2024 | $472.9M |
UNM spent $1.1B buying back its own shares over the past year, down 13% 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 UNM on leverage, with a lower net debt burden relative to earnings.
UNM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.2x | Elevated |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.7x | Healthy |
UNM's net debt is about 7.8 years of its operating earnings (EBITDA), up from 2.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like UNM.
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).
UNM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 34.1 | Neutral |
UNM's weekly RSI is 40 (neutral) and its Stochastic is 34 (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 UNM on valuation relative to its sector.
UNM PE vs Financial Services Sector
| Metric | UNM | Sector median | Relative |
|---|---|---|---|
| PE | 55x | 13x | 325% above |
| PE % | 100 | 63 | 37 pts above |
UNM is trading at 55x earnings, a 325% 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 has the edge over UNM on trend strength, trading above more of its moving averages.
UNM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $87.7 | 9.8% below |
| 20 week MA | $89.7 | 12% below |
| 50 week MA | $83.0 | 4.7% below |
| 100 week MA | $79.8 | 0.9% below |
| 200 week MA | $65.0 | 22% above |
UNM has fallen below most of its moving averages, though it's still 22% above 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 UNM on returns for 2026, with the stronger performance.
UNM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.8 | $21.9 | -24% |
| 2021 | $21.9 | $24.5 | +12% |
| 2022 | $24.5 | $41.1 | +68% |
| 2023 | $41.1 | $45.2 | +10% |
| 2024 | $45.2 | $73.2 | +62% |
| 2025 | $73.2 | $78.8 | +7.7% |
| 2026 YTD | $78.8 | $79.1 | +0.3% |
UNM has finished higher in five of the last six years, two of them by more than 50%. It's roughly flat so far in 2026.