GS
The Goldman Sachs Group, Inc.
GS has the edge over WD overall, supported by stronger fundamentals and lower modeled downside.
WD
Walker & Dunlop, Inc.
WD offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
WD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
WD's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like WD.
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.
WD PE Valuation
WD 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 WD on the outlook, with more favorable revenue expectations.
WD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect WD'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 WD on earnings quality, reporting a profit while its opponent remains loss making.
WD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.88 | — |
| Q3 2026 | -$1.01 | -130% |
| Q2 2026 | $1.12 | -65% |
| Q1 2026 | $2.02 | -31% |
| Q4 2025 | $1.64 | -49% |
| Q3 2025 | $3.37 | +20% |
| Q2 2025 | $3.24 | +25% |
| Q1 2025 | $2.92 | +6.6% |
| Q4 2024 | $3.19 | +0.3% |
WD has swung to a loss: it lost $1.01 per share over the past year, after a profit 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 edge over WD 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 WD on profitability, with a higher operating margin.
WD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $298.4M | -12% |
| Q2 2026 | $306.7M | -3.9% |
| Q1 2026 | $301.3M | +27% |
| Q4 2025 | $340M | -0.4% |
| Q3 2025 | $337.7M | +16% |
| Q2 2025 | $319.2M | +18% |
| Q1 2025 | $237.4M | +4.1% |
| Q4 2024 | $341.5M | +24% |
WD's revenue fell from its 2021 peak and has held roughly level since: $298M last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -16% | -29 points |
| Q2 2026 | 0.7% | -14 points |
| Q1 2026 | 8.6% | +6.4 points |
| Q4 2025 | -5.5% | -21 points |
| Q3 2025 | 14% | +0.8 points |
| Q2 2025 | 15% | +4.1 points |
| Q1 2025 | 2.2% | -3.8 points |
| Q4 2024 | 15% | +0.9 points |
WD's operating margin was −16% last quarter, down 29 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.
WD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $718.9M | +$1.7B |
| Q2 2026 | $1.2B | +$1.4B |
| Q1 2026 | -$1.1B | -$861.1M |
| Q4 2025 | $796.1M | +51% |
| Q3 2025 | -$950.4M | -$746.5M |
| Q2 2025 | -$241M | +$662K |
| Q1 2025 | -$284.7M | -909% |
| Q4 2024 | $526.9M | +60% |
WD 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 WD 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.
WD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +9K shares |
| 1 year | -0.3% | -113K shares |
| 3 years | +1.2% | +389K shares |
| 5 years | +5.8% | +1.8M shares |
| Available history | +8% | +2.5M shares |
WD has 33M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $792,000 |
| Q2 2026 | $298,000 |
| Q1 2026 | $19.1M |
| Q4 2025 | $183,000 |
| Q3 2025 | $1M |
| Q2 2025 | $645,000 |
| Q1 2025 | $8.6M |
| Q4 2024 | $369,000 |
WD spent $20M buying back its own shares over the past year, up 91% 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 WD on leverage, with a lower net debt burden relative to earnings.
WD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | 1.4x | Healthy |
WD has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like WD.
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).
WD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 36.1 | Neutral |
WD's weekly RSI is 41 (neutral) and its Stochastic is 36 (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 WD on valuation relative to its sector.
WD PE vs Financial Services Sector
| Metric | WD | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 13x | 139% above |
| PE % | 85 | 63 | 22 pts above |
WD 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 WD on trend strength, trading above more of its moving averages.
WD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.5 | 8.7% above |
| 20 week MA | $41.3 | 6.6% below |
| 50 week MA | $49.3 | 22% below |
| 100 week MA | $64.8 | 40% below |
| 200 week MA | $78.1 | 51% below |
WD has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 51% 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 WD on returns for 2026, with the stronger performance.
WD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.0 | $92.6 | +42% |
| 2021 | $92.6 | $149.4 | +61% |
| 2022 | $149.4 | $79.1 | -47% |
| 2023 | $79.1 | $111.0 | +40% |
| 2024 | $111.0 | $96.8 | -13% |
| 2025 | $96.8 | $61.0 | -37% |
| 2026 YTD | $61.0 | $38.6 | -37% |
WD has finished lower in three of the last six years. It's down 37% so far in 2026.