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GS vs SPGI
Which Stock Would AI Choose? Goldman Sachs (GS) vs. S&P Global (SPGI) Stock Comparison
Key Takeaways
- Goldman Sachs (GS) and S&P Global (SPGI) operate in different corners of the financial services sector — GS is a premier investment bank and trading house, while SPGI is a data, analytics, and ratings powerhouse with a subscription-driven revenue model.
- GS generated record full-year 2025 net revenues of $58.28 billion, propelled by a global resurgence in mergers and acquisitions (M&A) and strong trading activity across its Global Banking & Markets division.
- SPGI delivered 8% revenue growth in 2025 to $15.34 billion, driven by strength in its Ratings and Indices divisions, and posted an adjusted operating margin above 50%, reflecting the profitability of its capital-light business model.
- GS is highly sensitive to macroeconomic cycles, deal flow, and market volatility, while SPGI benefits from recurring subscription revenue and secular demand for data, benchmarks, and credit ratings.
- SPGI has experienced notable share price weakness in recent months, while GS has ridden a powerful rally tied to the M&A recovery — creating a sharp divergence in near-term momentum between the two names.
- Both companies return significant capital to shareholders: GS increased its dividend substantially and repurchased billions in stock, while SPGI marked its 53rd consecutive year of dividend increases and returned $6.2 billion to shareholders in 2025.
Introduction
Investors evaluating the financial services landscape often encounter a critical choice: allocate capital to a cyclical, transaction-driven institution or to a steadier, information-services franchise. GS (Goldman Sachs) and SPGI (S&P Global) represent these two distinct profiles. Goldman Sachs, founded in 1869, is synonymous with elite investment banking and trading, while S&P Global provides essential intelligence — credit ratings, benchmarks, data, and analytics — relied upon by governments, corporations, and institutions worldwide. This stock comparison unpacks their business models, recent performance, market positioning, and risk profiles to help investors understand where each name fits in a diversified portfolio.
GS Overview and Recent Performance
GS is a global financial institution organized into three primary segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The firm has spent recent years pivoting away from consumer banking — most notably selling its Apple Card portfolio — and refocusing on its core strengths in advisory, trading, and asset management. That strategic retreat has coincided with a powerful resurgence in global M&A. For full-year 2025, Goldman Sachs reported record net revenues of $58.28 billion and diluted earnings per share (EPS) of $51.32, representing a 27% year-over-year increase. The firm advised on approximately $1.6 trillion in deal volume, maintaining its number-one global M&A ranking for the 25th consecutive year.
In recent weeks, Goldman Sachs has continued to benefit from elevated client engagement and a growing investment banking backlog. The firm's second-quarter 2026 results underscored the durability of the trend, with strong performance across both trading and advisory. Goldman's return on equity (ROE) — a key measure of profitability for financial institutions — reached 15.0% for full-year 2025, and its book value per share has steadily risen. The company has also meaningfully increased its quarterly dividend, reflecting confidence in its earnings trajectory. That said, Goldman's fortunes are closely tied to capital markets activity, which makes the stock inherently cyclical. A slowdown in M&A or trading volumes would likely weigh on revenue and sentiment.
SPGI Overview and Recent Performance
SPGI operates through five divisions: Market Intelligence, Ratings, Commodity Insights (formerly Energy), Mobility, and Indices (via its majority stake in S&P Dow Jones Indices). Unlike Goldman Sachs, S&P Global's revenue is predominantly subscription-based and recurring, with over 95% derived from proprietary data and analytics. In 2025, the company generated $15.34 billion in revenue, an 8% increase year over year, and posted adjusted diluted EPS of $17.83 — up 14%. Its adjusted operating margin reached 50.4%, underscoring the profitability of an asset-light, information-centric business model.
Recent months have presented a more mixed picture for SPGI shares. Despite strong 2025 operating results and robust capital returns — the company repurchased over $5 billion in stock and raised its dividend for the 53rd consecutive year — the stock has experienced notable price pressure. The company is navigating the planned spin-off of its Mobility division, expected in mid-2026, and has integrated recent acquisitions including With Intelligence. SPGI's 2026 guidance projects organic constant-currency revenue growth of 6% to 8% and adjusted EPS between $19.40 and $19.65. While sanctions-related headwinds in the Commodity Insights business and slower bank loan volumes are near-term concerns, the company has a long runway for growth in private markets, AI-powered analytics, and index-linked products.
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Head-to-Head Comparison
Comparing GS and SPGI reveals two fundamentally different business philosophies within the financial sector. Goldman Sachs is transaction-driven: its revenue engine depends on advisory mandates, underwriting fees, trading spreads, and market volatility. When dealmaking flourishes and trading volumes rise, Goldman thrives. The firm's record-breaking 2025 illustrates this leverage to capital markets activity. The risk, however, is that when the M&A cycle cools or volatility subsides, revenue and earnings can contract meaningfully.
S&P Global, by contrast, is a subscription and data-licensing enterprise. Most of its revenue comes from recurring contracts with institutional clients who depend on its credit ratings, benchmarks, and analytics for their own operations. This creates more predictable earnings streams and higher operating margins — S&P Global's adjusted margin consistently exceeds 50%, well above Goldman's sub-30% efficiency ratio. SPGI's Indices division, which benefits from asset-linked fees tied to exchange-traded fund (ETF) assets under management (AUM), adds a growth kicker tied to secular trends in passive investing.
From a sector-exposure perspective, GS is a pure financials play, heavily influenced by interest rate policy, regulatory developments, and the health of the investment banking pipeline. SPGI spans financial services, technology, and data, with exposure to energy markets and automotive trends via its Commodity Insights and Mobility divisions. In terms of recent momentum, GS has significantly outperformed SPGI, reflecting the market's enthusiasm for the M&A cycle. SPGI's pullback, however, may appeal to investors seeking entry into a high-margin compounder at a more favorable valuation.
Tickeron AI Verdict
Based on observable market data and trend dynamics, Tickeron's AI framework would likely find GS exhibiting stronger near-term momentum and clearer cyclical tailwinds, driven by robust M&A activity, elevated trading volumes, and a favorable regulatory backdrop for large-scale dealmaking. The stock's trend consistency and relative strength in recent quarters support a favorable positioning within an AI-driven momentum assessment. SPGI, while fundamentally resilient and benefiting from durable subscription revenues, has shown weaker price momentum and faces transitional uncertainty around the Mobility spin-off and sanctions-related headwinds. Over a longer time horizon, the AI might recognize SPGI's more predictable earnings profile and high operating margins as attractive stability factors, but in the current environment — where transaction activity is surging — the edge likely tilts toward Goldman Sachs. This assessment is probabilistic and grounded in trend analysis rather than a definitive forecast.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is GS is a Buy and SPGI is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
GS’s FA Score shows that 2 FA rating(s) are green whileSPGI’s FA Score has 0 green FA rating(s).
- GS’s FA Score: 2 green, 3 red.
- SPGI’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
GS’s TA Score shows that 3 TA indicator(s) are bullish while SPGI’s TA Score has 5 bullish TA indicator(s).
- GS’s TA Score: 3 bullish, 5 bearish.
- SPGI’s TA Score: 5 bullish, 5 bearish.
Price Growth
GS (@Investment Banks/Brokers) experienced а -0.37% price change this week, while SPGI (@Financial Publishing/Services) price change was -5.42% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was +0.63%. For the same industry, the average monthly price growth was -5.77%, and the average quarterly price growth was -18.58%.
The average weekly price growth across all stocks in the @Financial Publishing/Services industry was -3.25%. For the same industry, the average monthly price growth was +4.70%, and the average quarterly price growth was -12.93%.
Reported Earning Dates
GS is expected to report earnings on Oct 13, 2026.
SPGI is expected to report earnings on Jul 28, 2026.
Industries' Descriptions
@Investment Banks/Brokers (+0.63% weekly)These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
@Financial Publishing/Services (-3.25% weekly)The financial publishing /services sector includes companies that provide informational products and services that are of value to investors, financial/analytics professionals and other interested readers. The products include real-time stock quotes, financial news and analyses. Think S&P Global, Inc., Moody`s Corporation, Thomson-Reuters Corp and IHS Markit Ltd. Information is critical in making financial or investment decisions, and what makes this industry’s output relevant at all times, across various economic conditions.
| GS | SPGI | GS / SPGI | |
| Capitalization | 313B | 126B | 248% |
| EBITDA | N/A | 8.14B | - |
| Gain YTD | 21.902 | -13.311 | -165% |
| P/E Ratio | 16.39 | 26.97 | 61% |
| Revenue | 60.4B | 15.7B | 385% |
| Total Cash | N/A | N/A | - |
| Total Debt | 435B | 13.8B | 3,152% |
GS | SPGI | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 76 | 87 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 82 Overvalued | 78 Overvalued | |
PROFIT vs RISK RATING 1..100 | 6 | 80 | |
SMR RATING 1..100 | 7 | 58 | |
PRICE GROWTH RATING 1..100 | 42 | 51 | |
P/E GROWTH RATING 1..100 | 44 | 85 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
SPGI's Valuation (78) in the Financial Publishing Or Services industry is in the same range as GS (82) in the Investment Banks Or Brokers industry. This means that SPGI’s stock grew similarly to GS’s over the last 12 months.
GS's Profit vs Risk Rating (6) in the Investment Banks Or Brokers industry is significantly better than the same rating for SPGI (80) in the Financial Publishing Or Services industry. This means that GS’s stock grew significantly faster than SPGI’s over the last 12 months.
GS's SMR Rating (7) in the Investment Banks Or Brokers industry is somewhat better than the same rating for SPGI (58) in the Financial Publishing Or Services industry. This means that GS’s stock grew somewhat faster than SPGI’s over the last 12 months.
GS's Price Growth Rating (42) in the Investment Banks Or Brokers industry is in the same range as SPGI (51) in the Financial Publishing Or Services industry. This means that GS’s stock grew similarly to SPGI’s over the last 12 months.
GS's P/E Growth Rating (44) in the Investment Banks Or Brokers industry is somewhat better than the same rating for SPGI (85) in the Financial Publishing Or Services industry. This means that GS’s stock grew somewhat faster than SPGI’s over the last 12 months.
| GS | SPGI | |
|---|---|---|
| RSI ODDS (%) | 3 days ago 53% | 3 days ago 56% |
| Stochastic ODDS (%) | 3 days ago 60% | 3 days ago 58% |
| Momentum ODDS (%) | 3 days ago 72% | 3 days ago 48% |
| MACD ODDS (%) | 3 days ago 50% | 3 days ago 41% |
| TrendWeek ODDS (%) | 3 days ago 57% | 3 days ago 51% |
| TrendMonth ODDS (%) | 3 days ago 56% | 3 days ago 51% |
| Advances ODDS (%) | 5 days ago 62% | 11 days ago 54% |
| Declines ODDS (%) | 3 days ago 54% | 4 days ago 53% |
| BollingerBands ODDS (%) | 3 days ago 52% | 3 days ago 61% |
| Aroon ODDS (%) | 3 days ago 55% | 4 days ago 56% |
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GS and
Correlation & Price change
A.I.dvisor indicates that over the last year, GS has been closely correlated with MS. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if GS jumps, then MS could also see price increases.
SPGI and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPGI has been closely correlated with MCO. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPGI jumps, then MCO could also see price increases.
| Ticker / NAME | Correlation To SPGI | 1D Price Change % | ||
|---|---|---|---|---|
| SPGI | 100% | +1.52% | ||
| MCO - SPGI | 88% Closely correlated | -0.16% | ||
| NDAQ - SPGI | 68% Closely correlated | +1.85% | ||
| MSCI - SPGI | 64% Loosely correlated | -0.31% | ||
| FDS - SPGI | 64% Loosely correlated | +4.26% | ||
| MORN - SPGI | 63% Loosely correlated | +3.01% | ||
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