JPM
JPMorgan Chase & Co.
JPM's fundamentals are strong, but it looks expensive: trading at 14x earnings, above its usual 12x. Analysts expect earnings growth.
NMFC
New Mountain Finance Corporation
There isn't enough reported data to score NMFC yet.
JPM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
JPM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JPM.
NMFC Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
NMFC's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like NMFC.
JPM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $231 | -33% |
| Fair | 12x | $287 | -16% |
| Current | 14x | $343 | — |
| Forward | 14x | $343 | — |
| Expensive | 15x | $361 | +5.2% |
Historical ranges are pointers, not guarantees.
JPM's PE is in its expensive range at 14.4x. If earnings grow as analysts expect, today's price would be 13.7x next year's earnings.
NMFC PE Valuation
NMFC has no meaningful PE right now: it lost money over the past year.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
JPM has the edge over NMFC on the outlook, with more favorable earnings and revenue expectations.
NMFC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Weakening | |
| Limited | |
| High |
Analysts expect NMFC's earnings and revenue to decline, with profitability weakening.
JPM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.99 | +4.8% |
| Q3 2026 | $23.85 | +18% |
| Q2 2026 | $23.35 | +20% |
| Q1 2026 | $20.89 | +2.5% |
| Q4 2025 | $20.02 | +1.4% |
| Q3 2025 | $20.20 | +12% |
| Q2 2025 | $19.50 | +8.7% |
| Q1 2025 | $20.38 | +23% |
| Q4 2024 | $19.75 | +22% |
JPM has the edge over NMFC on earnings quality, reporting a profit while its opponent remains loss making.
NMFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.03 | — |
| Q3 2026 | -$0.53 | -183% |
| Q2 2026 | -$0.46 | -161% |
| Q1 2026 | -$0.57 | -158% |
| Q4 2025 | $0.16 | -84% |
| Q3 2025 | $0.64 | -38% |
| Q2 2025 | $0.75 | -31% |
| Q1 2025 | $0.99 | -10% |
| Q4 2024 | $1.03 | -17% |
NMFC has swung to a loss: it lost $0.53 per share over the past year, after a profit the year before.
JPM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.2B | +8.1% |
| Q2 2026 | $57.3B | +28% |
| Q1 2026 | $49.8B | +10% |
| Q4 2025 | $45.8B | +7.1% |
| Q3 2025 | $46.4B | +8.8% |
| Q2 2025 | $44.9B | -11% |
| Q1 2025 | $45.3B | +8.1% |
| Q4 2024 | $42.8B | +11% |
JPM has the stronger quarterly revenue trend. Revenue is up 8.1% for JPM versus down 61% for NMFC.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -0.2 points |
| Q2 2026 | 48% | +7.3 points |
| Q1 2026 | 41% | +0.5 points |
| Q4 2025 | 37% | -3.2 points |
| Q3 2025 | 40% | +0.6 points |
| Q2 2025 | 41% | -6 points |
| Q1 2025 | 41% | -0.6 points |
| Q4 2024 | 41% | +11 points |
JPM's operating margin was 40% last quarter, about level with the same quarter a year ago.
NMFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $37M | -61% |
| Q1 2022 | $57.1M | -18% |
| Q4 2021 | $71.9M | +4.3% |
| Q3 2021 | $39.3M | -40% |
| Q2 2021 | $95.5M | +54% |
| Q1 2021 | $70M | -5.6% |
| Q4 2020 | $68.9M | -6.5% |
NMFC's revenue has slid since its 2021 peak: $37M last quarter, down 61% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 41% | -42 points |
| Q1 2022 | 65% | -9.2 points |
| Q4 2021 | 74% | -24 points |
| Q3 2021 | 58% | -78 points |
| Q2 2021 | 83% | -41 points |
| Q1 2021 | 74% | +308 points |
| Q4 2020 | 98% | +69 points |
| Q3 2020 | 136% | N/A |
NMFC's operating margin was 41% last quarter, down 42 points from the same quarter a year ago.
JPM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.2B | +$78.4B |
| Q2 2026 | -$25.3B | -186% |
| Q1 2026 | -$211.8B | +$40.1B |
| Q4 2025 | $119.7B | -19% |
| Q3 2025 | -$45.2B | +$28.9B |
| Q2 2025 | $29.5B | -23% |
| Q1 2025 | -$251.8B | -$97.7B |
| Q4 2024 | $147.8B | +145% |
JPM's free cash flow was −$84.2B over the past year, against −$120B the year before. Free cash flow isn't a meaningful measure for financial services companies like JPM.
NMFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $39.4M | -46% |
| Q2 2026 | $24.4M | -39% |
| Q1 2026 | $401.4M | +286% |
| Q4 2025 | $161.6M | -17% |
| Q3 2025 | $73.1M | +$134.7M |
| Q2 2025 | $40.3M | +$200.2M |
| Q1 2025 | $103.9M | +52% |
| Q4 2024 | $195.2M | +55% |
NMFC has the edge over JPM on cash generation, producing positive trailing cash flow while its opponent burns cash.
JPM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -11.2M shares |
| 1 year | -3.1% | -84.6M shares |
| 3 years | -8.5% | -249M shares |
| 5 years | -11% | -322M shares |
| Available history | -17% | -547M shares |
JPM has 2.7B diluted shares, down 3.1% from a year ago, with $24.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $6.8B |
| Q1 2026 | $8.3B |
| Q4 2025 | $8.3B |
| Q3 2025 | $8.3B |
| Q2 2025 | $7.5B |
| Q1 2025 | $7.5B |
| Q4 2024 | $4.3B |
JPM spent $24.5B buying back its own shares over the past year, down 11% from the year before.
NMFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -98.6K shares |
| 1 year | -24% | -30.6M shares |
| 3 years | -26% | -32.6M shares |
| 5 years | -14% | -15.6M shares |
| Available history | -10% | -10.8M shares |
NMFC has the edge over JPM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $9M |
| Q1 2026 | $56.6M |
| Q4 2025 | $14.7M |
| Q3 2025 | $27.6M |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
NMFC spent $80M buying back its own shares over the past year.
JPM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
JPM's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JPM.
NMFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 15.2x | High |
| Q1 2022 | 9.9x | High |
| Q4 2021 | 8.9x | High |
| Q3 2021 | 7.8x | High |
| Q2 2021 | 6.2x | High |
| Q1 2021 | 6.0x | High |
| Q4 2020 | 28.3x | High |
| Q3 2020 | 116.3x | High |
NMFC's net debt is about 15 years of its operating earnings (EBITDA), up from 6.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like NMFC.
JPM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 31.5 | Neutral |
JPM's weekly RSI is 55 (neutral) and its Stochastic is 31 (neutral).
NMFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 28.1 | Neutral |
NMFC's weekly RSI is 37 (neutral) and its Stochastic is 28 (neutral).
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM is trading at 14x earnings, a 10% premium to the Financial Services sector's median of 13x.
NMFC PE vs Financial Services Sector
| Metric | NMFC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
NMFC has no meaningful PE right now: it lost money over the past year.
JPM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $336.8 | 1.8% above |
| 20 week MA | $345.3 | 0.7% below |
| 50 week MA | $323.2 | 6.1% above |
| 100 week MA | $298.9 | 15% above |
| 200 week MA | $236.6 | 45% above |
JPM has the edge over NMFC on trend strength, trading above more of its moving averages.
NMFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.83 | 2.3% below |
| 20 week MA | $7.10 | 6.1% below |
| 50 week MA | $7.83 | 15% below |
| 100 week MA | $9.17 | 27% below |
| 200 week MA | $10.8 | 38% below |
NMFC is in a downtrend: it's below all five of its weekly moving averages, and 38% below its 200-week average.
JPM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.1 | $124.5 | -11% |
| 2021 | $124.5 | $157.3 | +26% |
| 2022 | $157.3 | $131.3 | -17% |
| 2023 | $131.3 | $170.1 | +30% |
| 2024 | $170.1 | $241.2 | +42% |
| 2025 | $241.2 | $327.9 | +36% |
| 2026 YTD | $327.9 | $342.8 | +4.5% |
JPM has the edge over NMFC on returns for 2026, with the stronger performance.
NMFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.8 | $11.3 | -18% |
| 2021 | $11.3 | $13.6 | +20% |
| 2022 | $13.6 | $12.3 | -9.1% |
| 2023 | $12.3 | $12.7 | +3.1% |
| 2024 | $12.7 | $11.2 | -12% |
| 2025 | $11.2 | $9.17 | -18% |
| 2026 YTD | $9.17 | $6.67 | -27% |
NMFC has finished lower in four of the last six years. It's down 27% so far in 2026.