GS
The Goldman Sachs Group, Inc.
GS has the edge over WTW overall, supported by stronger fundamentals.
WTW
Willis Towers Watson Public Limited Company
WTW 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.
WTW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
WTW's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like WTW.
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 WTW in the historical PE scenario, which offers more potential upside but is not a forecast.
WTW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $208 | -37% |
| Forward | 15x | $329 | — |
| Current | 20x | $329 | — |
| Fair | 23x | $368 | +12% |
| Expensive | 27x | $441 | +34% |
Historical ranges are pointers, not guarantees.
WTW's PE is in its fair range at 20x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its cheap range.
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.
WTW Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
WTW has the edge over GS on the outlook, with more favorable valuation expectations.
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 WTW on earnings, with more consistent year-over-year improvement.
WTW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $21.62 | +33% |
| Q3 2026 | $16.27 | -23% |
| Q2 2026 | $16.14 | +976% |
| Q1 2026 | $17.03 | +$17.49 |
| Q4 2025 | $16.26 | +$17.22 |
| Q3 2025 | $21.05 | +$28.40 |
| Q2 2025 | $1.50 | -86% |
| Q1 2025 | -$0.46 | -105% |
| Q4 2024 | -$0.96 | -110% |
WTW's earnings per share have fallen from their peak: $16.27 over the past year, against $32.78 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 WTW 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 WTW on profitability, with a higher operating margin.
WTW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.5B | +7.5% |
| Q2 2026 | $2.5B | +9.1% |
| Q1 2026 | $2.4B | +8.5% |
| Q4 2025 | $2.9B | -3.3% |
| Q3 2025 | $2.3B | 0% |
| Q2 2025 | $2.3B | -0.2% |
| Q1 2025 | $2.2B | -5% |
| Q4 2024 | $3B | +4.2% |
WTW's revenue is recovering but still below its 2024 peak: $2.5B last quarter, up 7.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | -0.8 points |
| Q2 2026 | 15% | -1.5 points |
| Q1 2026 | 19% | -0.9 points |
| Q4 2025 | 35% | +4.9 points |
| Q3 2025 | 18% | +52 points |
| Q2 2025 | 16% | +6.9 points |
| Q1 2025 | 19% | +7.5 points |
| Q4 2024 | 30% | +3 points |
WTW's operating margin was 17% last quarter, down 0.8 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.
WTW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $675M | +8.7% |
| Q2 2026 | $425M | +40% |
| Q1 2026 | -$65M | +$21M |
| Q4 2025 | $708M | +18% |
| Q3 2025 | $621M | +29% |
| Q2 2025 | $303M | -26% |
| Q1 2025 | -$86M | -458% |
| Q4 2024 | $599M | +15% |
WTW 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 WTW 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.
WTW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -4.1% | -4M shares |
| 3 years | -10% | -11M shares |
| 5 years | -27% | -35M shares |
| Available history | -28% | -36M shares |
WTW has 94M diluted shares, down 4.1% from a year ago, with $1.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $220M |
| Q2 2026 | $450M |
| Q1 2026 | $300M |
| Q4 2025 | $350M |
| Q3 2025 | $600M |
| Q2 2025 | $500M |
| Q1 2025 | $200M |
| Q4 2024 | $395M |
WTW spent $1.3B buying back its own shares over the past year, down 22% 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 WTW on leverage, with a lower net debt burden relative to earnings.
WTW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 3.2x | Elevated |
WTW's net debt is about 1.7 years of its operating earnings (EBITDA), up from 1.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WTW.
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).
WTW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.2 | Neutral |
| Stochastic | 64.5 | Neutral |
WTW's weekly RSI is 58 (neutral) and its Stochastic is 65 (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 WTW on valuation relative to its sector.
WTW PE vs Financial Services Sector
| Metric | WTW | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 13x | 55% above |
| PE % | 38 | 63 | 25 pts below |
WTW is trading at 20x earnings, a 55% 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's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
WTW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $312.7 | 5.1% above |
| 20 week MA | $316.2 | 4% above |
| 50 week MA | $302.5 | 8.7% above |
| 100 week MA | $311.7 | 5.5% above |
| 200 week MA | $282.0 | 17% above |
WTW 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 the edge over WTW on returns for 2026, with the stronger performance.
WTW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $201.8 | $211.8 | +5% |
| 2021 | $211.8 | $236.5 | +12% |
| 2022 | $236.5 | $244.4 | +3.4% |
| 2023 | $244.4 | $241.2 | -1.3% |
| 2024 | $241.2 | $316.3 | +31% |
| 2025 | $316.3 | $334.6 | +5.8% |
| 2026 YTD | $334.6 | $328.8 | -1.7% |
WTW has finished higher in five of the last six years. It's down 1.7% so far in 2026.