GS vs HSBC vs ING Stock Comparison

Goldman Sachs, Hsbc Holdings and Ing Groep Prices as of Oct 27, 2026 Peers: Industry group
GS Goldman Sachs Group Inc
$912.08 -2.5% 1M +15.5% 1Y
Market cap
$278.10B
P/E
13.1x
Revenue (TTM)
$69.70B
Div. yield
–
Money Center Banks Financial Services
HSBC Hsbc Holdings Plc
$86.01 -14.8% 1M +28.0% 1Y
Market cap
$301.42B
P/E
11.4x
Revenue (TTM)
$55.16B
Div. yield
–
Money Center Banks Financial Services
6 wins
ING Ing Groep Nv
$32.56 -10.9% 1M +34.0% 1Y
Market cap
$98.23B
P/E
–
Revenue (TTM)
—
Div. yield
–
Money Center Banks Financial Services
2 wins

Head to Head

8 decided of 12

Hsbc Holdings leads on 6 of the 12 questions below (Hsbc Holdings 6, Ing Groep 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGSHSBCINGLeader
Larger companyMarket capitalisation $278.10B $301.42B $98.23B HSBC
Cheaper on earningsLower P/E, profitable companies only 13.1x 11.4x — HSBC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.1x 9.5x 12.1x HSBC
Faster revenue growthRevenue growth, trailing twelve months +18.7% +1,900.0% — HSBC
More profitableNet margin, trailing twelve months — 47.9% — –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +15.5% +28.0% +34.0% ING
Better 5-year returnAnnualised price return, 5 years +17.1%/yr +23.1%/yr +16.3%/yr HSBC
Less volatileAnnualised volatility, 1 year 31.9% 28.3% 27.8% ING
Higher overall scoreMean of the five percentile scores vs peers 47/100 65/100 — HSBC

Percentile Scorecard

GSHSBCING

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGSHSBCING
Valuation 18 #294 of 360 13 #313 of 360 –
Growth 96 #8 of 191 70 #58 of 191 –
Profitability – 86 #25 of 168 –
Financial Health – – 22 #136 of 175
Shareholder Returns 27 #251 of 341 90 #34 of 341 93 #24 of 341
Overall 47 65 –
  • GS ranked among 368 companies in Banking
  • HSBC ranked among 368 companies in Banking
  • ING ranked among 368 companies in Banking

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGSHSBCINGSPY
1 month -2.5%-14.8%-10.9% -0.2%
3 months -11.7%-17.0%-2.2% +3.9%
6 months -1.6%-4.4%+15.9% +8.2%
Year to date +3.8%+9.3%+16.3% +12.9%
1 year +15.5%+28.0%+34.0% +12.3%
3 years +214.6%+134.3%+157.8% +87.4%
3 years, per year +46.6%+32.8%+37.1% +23.3%
5 years +119.9%+182.8%+112.5% +67.9%
5 years, per year +17.1%+23.1%+16.3% +10.9%
10 years +413.1%+126.2%+148.4% +261.1%
10 years, per year +17.8%+8.5%+9.5% +13.7%

Risk

MeasureGSHSBCINGSPY
Volatility, 1Y 31.9%28.3%27.8% 12.7%
Downside volatility, 1Y 32.2%28.1%26.7% 12.7%
Beta vs S&P 500, 1Y 1.631.261.35 1.00
Return / volatility, 1Y 0.480.991.23 0.97
Max drawdown, 5Y -34.0%-34.6%-47.4% -25.4%
From 52-week high -20.8%-20.3%-12.6% -1.2%
52-week high $1,152.07$107.85$37.26 $779.14
52-week low $773.70$67.20$24.17 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGSHSBCING
P/E now vs peer median 12.8xmedian 12.1x 11.3xmedian 12.1x —median 12.1x
P/S now vs peer median 3.8xmedian 3.4x 5.4xmedian 3.4x —median 3.4x
EV/EBITDA now vs peer median —median 5.0x —median 5.0x —median 5.0x
P/FCF now vs peer median -6.4xmedian 10.9x —median 10.9x —median 10.9x
P/B now vs peer median 2.1xmedian 1.2x 1.5xmedian 1.2x 1.5xmedian 1.2x
PEG now vs peer median 0.26median 1.34 3.03median 1.34 —median 1.34

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGSHSBCING
Revenue $69.70B $55.16B –
Operating income – $33.06B –
Net income – $28.08B –
EPS (diluted) $69.89 $7.53 –
Cash & equivalents $177.00B $222.46B $74.19B
Total debt – – $21.78B
Shares (diluted) 304.90M 3.51B 2.99B
Enterprise value $278.10B -$1.80T -$445.22B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGSHSBCING
P/E 12.8x 11.3x –
P/FCF -6.4x – –
P/Operating cash flow – – –
P/S 3.8x 5.4x –
P/B 2.1x 1.5x 1.5x
P/Tangible book 2.1x 1.5x 1.6x
EV/EBITDA – – –
EV/EBIT – -16.4x –
EV/Revenue 3.8x -9.8x –
EV/FCF – – –
EV/Operating cash flow – – –
PEG (3Y EPS CAGR) 0.26 3.03 –

Growth

14 metrics
MetricGSHSBCING
Revenue growth (1Y) 18.7% 1,900% –
Revenue CAGR (3Y) 15.3% -4.3% –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – 40.9% –
Operating income CAGR (3Y) – 1.6% –
Net income growth (1Y) – 51.5% –
Net income CAGR (3Y) – -1.1% –
EPS growth (1Y) 39.0% 68.0% –
EPS CAGR (3Y) 49.3% 3.7% –
Operating cash flow growth (1Y) – – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricGSHSBCING
Gross margin – – –
EBITDA margin – – –
Operating margin – 59.9% –
Pretax margin – 65.2% –
Net margin – 47.9% –
FCF margin – – –
Operating cash flow margin – – –
Return on equity – 14.3% –
Return on assets – 0.8% –
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.0x 0.0x –
Cash conversion (OCF / net income) – – –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricGSHSBCING
Debt / assets – – 1.6%
Debt / equity – – 0.4x
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 94.3% 94.3% 95.3%
Equity / assets 5.7% 5.7% 4.7%
Interest coverage – – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricGSHSBCING
Dividend yield 2.0% 4.4% 4.7%
Net buyback yield – – –
Shareholder yield 2.0% 4.4% 4.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGSHSBCING
Forward P/E 12.1xFY2026 9.5xFY2026 12.1xFY2026
EPS, next fiscal year $75.07FY2026 $9.02FY2026 $2.68FY2026
EPS growth, next FY +46.3%FY2026 +19.5%FY2026 +5.9%FY2026
EPS growth, the year after -6.8% +9.1% +18.3%
Revenue, next fiscal year $68.80BFY2026 $70.05BFY2026 $27.20BFY2026
Revenue growth, next FY +18.1%FY2026 -1.3%FY2026 -1.0%FY2026
Revenue growth, the year after +4.5% +18.0% +3.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGSHSBCING
Held by institutions 72.1% 2.5% 4.5%
Institutions holding 3,149 707 589
Change in shares held, QoQ +1.1% -0.3% -19.0%
Institutions buying 1,552 402 319
Institutions selling 1,124 180 154
Buyers to sellers 1.38 2.23 2.07

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GSHSBCING
GS 1.00 0.52 0.59
HSBC 0.52 1.00 0.74
ING 0.59 0.74 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GS, HSBC and ING?

Hsbc Holdings (HSBC) is the largest by market capitalisation: Goldman Sachs (GS) $278.10B, Hsbc Holdings (HSBC) $301.42B, Ing Groep (ING) $98.23B.

Which stock is cheaper, GS, HSBC and ING?

Hsbc Holdings (HSBC) trades on the lowest price-to-earnings ratio (Goldman Sachs (GS) 13.1x, Hsbc Holdings (HSBC) 11.4x). On next year's consensus earnings, Hsbc Holdings (HSBC) is cheapest (Goldman Sachs (GS) 12.1x, Hsbc Holdings (HSBC) 9.5x, Ing Groep (ING) 12.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hsbc Holdings (HSBC) grew revenue fastest over the trailing twelve months: Goldman Sachs (GS) +18.7%, Hsbc Holdings (HSBC) +1,900.0%.

Which stock has performed better?

Over the past year Ing Groep (ING) returned the most: Goldman Sachs (GS) +15.5%, Hsbc Holdings (HSBC) +28.0%, Ing Groep (ING) +34.0%. Over five years, Hsbc Holdings (HSBC) compounded fastest (Goldman Sachs (GS) +17.1%/yr, Hsbc Holdings (HSBC) +23.1%/yr, Ing Groep (ING) +16.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ing Groep (ING) has been the steadiest (Goldman Sachs (GS) 31.9%, Hsbc Holdings (HSBC) 28.3%, Ing Groep (ING) 27.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GS, HSBC and ING?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hsbc Holdings (HSBC) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.