GS
The Goldman Sachs Group, Inc.
GS has the edge over WSBF overall, supported by stronger modeled upside and stronger valuation.
WSBF
Waterstone Financial, Inc.
WSBF offers stronger fundamentals, 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.
WSBF Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WSBF's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WSBF.
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.
WSBF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $11.46 | -43% |
| Forward | 10x | $20.14 | — |
| Fair | 12x | $20.71 | +2.8% |
| Current | 12x | $20.14 | — |
| Expensive | 21x | $35.11 | +74% |
Historical ranges are pointers, not guarantees.
WSBF 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.
WSBF Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect WSBF's earnings and profitability to decline, 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's earnings per share have climbed steadily: $69.58 over the past year, up 41% from the year before, and higher year over year for 10 quarters in a row. Its recent earnings include one-off gains.
WSBF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.01 | +18% |
| Q2 2026 | $1.71 | +50% |
| Q1 2026 | $1.65 | +62% |
| Q4 2025 | $1.48 | +47% |
| Q3 2025 | $1.33 | +82% |
| Q2 2025 | $1.14 | +81% |
| Q1 2025 | $1.02 | +96% |
| Q4 2024 | $1.01 | +120% |
| Q3 2024 | $0.73 | +43% |
WSBF has the edge over GS on earnings, with stronger typical year-over-year growth.
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 WSBF 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 WSBF on profitability, with a higher operating margin.
WSBF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $40.3M | +5.8% |
| Q1 2026 | $35.7M | +20% |
| Q4 2025 | $37.2M | +17% |
| Q3 2025 | $37M | +8.7% |
| Q2 2025 | $38M | +2.3% |
| Q1 2025 | $29.7M | -8.4% |
| Q4 2024 | $31.8M | +11% |
| Q3 2024 | $34.1M | -0.4% |
WSBF's revenue is recovering but still below its 2020 peak: $40M last quarter, up 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | +1 points |
| Q1 2026 | 21% | +8.1 points |
| Q4 2025 | 27% | +7.6 points |
| Q3 2025 | 27% | +9.3 points |
| Q2 2025 | 25% | +6.2 points |
| Q1 2025 | 13% | -1.6 points |
| Q4 2024 | 19% | +22 points |
| Q3 2024 | 17% | +6.3 points |
WSBF's operating margin was 26% last quarter, up 1 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.
WSBF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $9.4M | +$47.9M |
| Q1 2026 | -$1.6M | -106% |
| Q4 2025 | $2.6M | -89% |
| Q3 2025 | $32.4M | -56% |
| Q2 2025 | -$38.5M | +$1.2M |
| Q1 2025 | $26.5M | +$36.8M |
| Q4 2024 | $23.1M | +$24.5M |
| Q3 2024 | $73.9M | +65% |
WSBF 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.
WSBF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -246K shares |
| 1 year | -4.6% | -820K shares |
| 3 years | -16% | -3.2M shares |
| 5 years | -28% | -6.8M shares |
| Available history | -34% | -8.8M shares |
WSBF has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $3.7M |
| Q1 2026 | $4.4M |
| Q4 2025 | $2.7M |
| Q3 2025 | $3.8M |
| Q2 2025 | $6.5M |
| Q1 2025 | $3.2M |
| Q4 2024 | $2.8M |
| Q3 2024 | $999,000 |
WSBF spent $15M buying back its own shares over the past year, up 8.6% 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 WSBF on leverage, with a lower net debt burden relative to earnings.
WSBF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 9.2x | High |
| Q1 2026 | 9.4x | High |
| Q4 2025 | 9.7x | High |
| Q3 2025 | 13.1x | High |
| Q2 2025 | 14.2x | High |
| Q1 2025 | 13.9x | High |
| Q4 2024 | 15.5x | High |
| Q3 2024 | 32.9x | High |
WSBF's net debt is about 9.2 years of its operating earnings (EBITDA), down from 14 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WSBF.
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).
WSBF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.1 | Neutral |
| Stochastic | 26.1 | Neutral |
WSBF's weekly RSI is 54 (neutral) and its Stochastic is 26 (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.
WSBF PE vs Financial Services Sector
| Metric | WSBF | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.5% below |
| PE % | 44 | 63 | 19 pts below |
WSBF 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.
WSBF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.9 | 1.2% above |
| 20 week MA | $20.4 | 1.1% below |
| 50 week MA | $18.9 | 6.4% above |
| 100 week MA | $16.4 | 23% above |
| 200 week MA | $15.0 | 34% above |
WSBF 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.
WSBF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.2 | $18.6 | -3.1% |
| 2021 | $18.6 | $21.7 | +16% |
| 2022 | $21.7 | $16.9 | -22% |
| 2023 | $16.9 | $14.2 | -16% |
| 2024 | $14.2 | $13.4 | -5.5% |
| 2025 | $13.4 | $16.4 | +22% |
| 2026 YTD | $16.4 | $20.1 | +23% |
WSBF has the edge over GS on returns for 2026, with the stronger performance.