JPM
JPMorgan Chase & Co.
JPM has the edge over SLRC overall, supported by stronger fundamentals and stronger modeled upside.
SLRC
SLR Investment Corp.
SLRC trails on the overall score without a compensating advantage in the available component scores.
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.
SLRC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
SLRC's revenue is currently healthy, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like SLRC.
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.
SLRC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.6x | $9.12 | -21% |
| Forward | 8.9x | $11.61 | — |
| Fair | 10x | $10.85 | -6.5% |
| Current | 11x | $11.61 | — |
| Expensive | 19x | $20.31 | +75% |
Historical ranges are pointers, not guarantees.
SLRC has the edge over JPM in the historical PE scenario, which offers more potential upside but is not a forecast.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
SLRC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Decline | |
| Decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect SLRC'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 SLRC on earnings, with more consistent year-over-year improvement.
SLRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.30 | +23% |
| Q3 2026 | $1.06 | -36% |
| Q2 2026 | $1.35 | -17% |
| Q1 2026 | $1.64 | +1.2% |
| Q4 2025 | $1.70 | -3.4% |
| Q3 2025 | $1.66 | -6.2% |
| Q2 2025 | $1.63 | -12% |
| Q1 2025 | $1.62 | -9% |
| Q4 2024 | $1.76 | +26% |
SLRC's earnings per share have fallen from their peak: $1.06 over the past year, against $2.66 in early 2021.
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% |
SLRC has the stronger quarterly revenue trend. Revenue is up 8.1% for JPM versus up 82% for SLRC.
| 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.
SLRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2023 | $25M | +82% |
| Q4 2022 | $37.2M | +111% |
| Q3 2022 | $28.2M | +24% |
| Q1 2022 | $13.8M | -56% |
| Q4 2021 | $17.6M | -36% |
| Q3 2021 | $22.7M | -16% |
| Q2 2021 | $27.9M | -55% |
| Q4 2020 | $27.4M | +219% |
SLRC's revenue is recovering but still below its 2020 peak: $25M last quarter, up 82% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2023 | 27% | +17 points |
| Q4 2022 | 51% | +16 points |
| Q3 2022 | 48% | -11 points |
| Q1 2022 | 11% | -58 points |
| Q4 2021 | 35% | -32 points |
| Q3 2021 | 59% | -10 points |
| Q2 2021 | 67% | -20 points |
| Q1 2021 | 69% | N/A |
SLRC's operating margin was 27% last quarter, down 7.4 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.
SLRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $140.4M | +78% |
| Q2 2026 | $24.6M | +$229.5M |
| Q1 2026 | $67.2M | -1.4% |
| Q4 2025 | -$14.3M | -109% |
| Q3 2025 | $79M | -42% |
| Q2 2025 | -$204.9M | -7099% |
| Q1 2025 | $68.1M | +828% |
| Q4 2024 | $162.1M | +324% |
SLRC 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 the edge over SLRC on shareholder dilution, with a more favorable share count trend.
| 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.
SLRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | +29% | +12.3M shares |
| Available history | +29% | +12.3M shares |
SLRC has 55M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $10,000 |
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.
SLRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2023 | 28.3x | High |
| Q4 2022 | 35.9x | High |
| Q3 2022 | 159.5x | High |
| Q2 2022 | 116.9x | High |
| Q1 2022 | 5.6x | High |
| Q4 2021 | 8.2x | High |
| Q3 2021 | 3.5x | Elevated |
| Q2 2021 | 2.6x | Moderate |
SLRC's net debt is more than 20 years of its operating earnings (EBITDA), up from 5.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like SLRC.
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).
SLRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.2 | Neutral |
| Stochastic | 32.6 | Neutral |
SLRC's weekly RSI is 37 (neutral) and its Stochastic is 33 (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.
SLRC PE vs Financial Services Sector
| Metric | SLRC | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 16% below |
| PE % | 63 | 63 | Same percentile |
SLRC has the edge over JPM on valuation relative to its sector.
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 SLRC on trend strength, trading above more of its moving averages.
SLRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.5 | 0.7% above |
| 20 week MA | $12.2 | 4.8% below |
| 50 week MA | $13.6 | 15% below |
| 100 week MA | $14.9 | 22% below |
| 200 week MA | $15.0 | 23% below |
SLRC has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 23% 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 SLRC on returns for 2026, with the stronger performance.
SLRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.7 | $17.1 | -17% |
| 2021 | $17.1 | $18.2 | +6.4% |
| 2022 | $18.2 | $14.1 | -23% |
| 2023 | $14.1 | $15.0 | +6.9% |
| 2024 | $15.0 | $16.3 | +8.4% |
| 2025 | $16.3 | $15.4 | -5.3% |
| 2026 YTD | $15.4 | $11.6 | -25% |
SLRC has finished lower in three of the last six years. It's down 25% so far in 2026.