Compare Stocks › GS vs HAL

Goldman Sachs Group, Inc. (The) (GS) vs Halliburton Company (HAL): Which Is the Better Buy in 2026?

As of 2026-08-03, GS is undervalued at $1018, with a DCF intrinsic value of $481431875452 and a margin of safety of 100%. HAL is undervalued at $32, with an intrinsic value of $114 and a margin of safety of 72%. Of the two, GS has the wider margin of safety.

Goldman Sachs Group, Inc. (The)

$1018.38

HAL

Halliburton Company

$32.25

Rewards

★Gross margin of 82.1% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
★Each dollar of retained earnings has created $2.58 of earning power — management is an exceptional capital allocator.

HAL

★Halliburton Company has maintained ROIC above 10% for 4 consecutive years, suggesting solid business economics.
★Free cash flow has grown at a 10.7% CAGR over the past 4 years, demonstrating strong earnings power growth.
★Each dollar of retained earnings has created $1.05 of earning power — management is creating shareholder value.

Risks

⚠Altman Z-Score of 0.16 places the company in the distress zone — financial patterns resemble those of companies that experienced bankruptcy.
⚠Insiders have sold $20.4M worth of stock in the past 3 months — significant insider liquidation.

HAL

⚠Gross margin of 15.1% is low, suggesting a competitive or commodity-like market with limited pricing power.
⚠FCF yield of 7.6% suggests reasonable valuation assuming continued moderate growth.
⚠Insiders have sold $9.1M worth of stock in the past 3 months — significant insider liquidation.

Key Valuation Metrics

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HAL

Valuation

N/A

Free Cash Flow

$2.05B

N/A

FCF Yield

7.62%

15.72

Trailing P/E

16.88

13.81

Forward P/E

11.08

Quality & Moat

2.46%

ROIC

11.75%

16.95%

ROE

14.92%

82.08%

Gross Margin

15.08%

1.45

PEG Ratio

0.79

Balance Sheet Safety

Net cash

Net Debt / Equity

0.56

N/A

Interest Coverage

N/A

Net Debt / EBITDA

1.49

1.96%

Dividend Yield

2.11%

GS: 4Ties: 1HAL: 4

GSHAL

Historical Fundamentals

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Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

HAL

$1 Retained Earnings Test

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$0.00

created per $1 retained over 3 years

Value Destroyer

Σ Retained

$26.00B

Δ Market Cap

+$535.62

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

HAL

$-2.55

created per $1 retained over 3 years

Market Cap Declined

Σ Retained

$4.67B

Δ Market Cap

$-11.91B

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

Discounted Cash Flow (DCF) Analysis

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100.0% Margin of Safety

Price is 100.0% below estimated fair value

Current Price: $1018.38

Strongly undervalued

Fairly valued

Strongly overvalued

Fair Value: $481431875452.18

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

HAL

71.6% Margin of Safety

Price is 71.6% below estimated fair value

Current Price: $32.25

Strongly undervalued

Fairly valued

Strongly overvalued

Fair Value: $113.73

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Reverse DCF — Market-Implied Growth

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Requires positive FCF to compute implied growth rate.

HAL

What growth rate is the market pricing in at $32?

+4.8%

Market-Implied FCF Growth Rate

Market roughly matching historical growth — reasonable.

Economic Moat Score

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65/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with reinvestment efficiency as the key competitive advantage. Improving margin stability would strengthen the moat.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

HAL

69/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with roic consistency as the key competitive advantage. Improving revenue predictability would strengthen the moat.

Forensic Accounting

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-2.00

Possible Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

HAL

-2.68

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Ownership Breakdown

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Insiders 0.5%Institutions 74.8%Retail & Other 24.7%

No. of Institutional Holders3,873

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

HAL

Insiders 0.4%Institutions 84.1%Retail & Other 15.5%

No. of Institutional Holders1,593

High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

Insider Buying Activity

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Buys (3M)

Buys (12M)

HESS JOHN B JR.

Director

$2.00M

@ $511.68 · 2025-04-15

JOHNSON KEVIN RONALD

Director

$1.49M

@ $619.02 · 2025-01-17

FLAHERTY MARK A

Director

$29,545

@ $360.30 · 2024-09-27

Open market purchases · includes direct & indirect ownership · excludes option exercises

HAL

Buys (3M)

Buys (12M)

WEISS JANET L.

Director

$169,162

@ $19.79 · 2025-05-29

Open market purchases · includes direct & indirect ownership · excludes option exercises

Open market purchases · includes direct & indirect ownership · excludes option exercises.

Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $78.42M

LESLIE ERICKA T

Officer

$287,951

@ $1151.80 · 2026-07-15

COLEMAN DENIS P.

Chief Financial Officer

$6.68M

@ $973.55 · 2026-05-14

RUEMMLER KATHRYN H

General Counsel

$13.42M

@ $939.07 · 2026-05-06

RUEMMLER KATHRYN H

General Counsel

$634,927

@ $929.61 · 2026-05-01

FREDMAN SHEARA J.

Officer

$9.57M

@ $929.17 · 2026-05-01

SOLOMON DAVID M

Chief Executive Officer

$3.23M

@ $930.70 · 2026-05-01

GOLTEN ALEXANDER SIMON

Officer

$1.04M

@ $936.18 · 2026-04-23

GOLTEN ALEXANDER SIMON

Officer

$1.02M

@ $919.19 · 2026-04-17

COLEMAN DENIS P.

Chief Financial Officer

$10.94M

@ $941.57 · 2026-02-09

SOLOMON DAVID M

Chief Executive Officer

$255,387

@ $938.92 · 2026-01-29

HALIO CAREY

Officer

$2.64M

@ $927.17 · 2026-01-27

RUEMMLER KATHRYN H

General Counsel

$8.89M

@ $927.51 · 2026-01-23

HALIO CAREY

Officer

$1.62M

@ $920.62 · 2026-01-23

FREDMAN SHEARA J.

Officer

$4.49M

@ $923.75 · 2026-01-23

WALDRON JOHN E.

President

$13.69M

@ $750.30 · 2025-08-28

COLEMAN DENIS P.

Chief Financial Officer

$5.41M

@ $724.40 · 2025-07-25

ROGERS JOHN F W

Officer

$4.31M

@ $717.39 · 2025-07-23

SOLOMON DAVID M

Chief Executive Officer

$4.71M

@ $712.31 · 2025-07-23

SOLOMON DAVID M

Chief Executive Officer

$3.04M

@ $607.17 · 2025-05-14

SOLOMON DAVID M

Chief Executive Officer

$1.50M

@ $622.15 · 2025-02-26

GOLTEN ALEXANDER SIMON

Officer

$3.31M

@ $636.25 · 2025-01-28

HALIO CAREY

Officer and Treasurer

$2.32M

@ $636.74 · 2025-01-24

HALIO CAREY

Officer

$965,120

@ $624.67 · 2025-01-21

FREDMAN SHEARA J.

Officer

$1.28M

@ $627.01 · 2025-01-21

RUEMMLER KATHRYN H

General Counsel

$4.76M

@ $634.69 · 2025-01-21

SOLOMON DAVID M

Chief Executive Officer

$4.00M

@ $610.91 · 2024-11-29

VINIAR DAVID A

Director

$3.06M

@ $612.08 · 2024-11-29

ROGERS JOHN F W

Officer

$3.83M

@ $596.36 · 2024-11-06

COLEMAN DENIS P.

Chief Financial Officer

$7.67M

@ $593.03 · 2024-11-06

FREDMAN SHEARA J.

Officer

$1.77M

@ $594.51 · 2024-11-06

SOLOMON DAVID M

Chief Executive Officer

$3.00M

@ $500.29 · 2024-08-15

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

HAL

Sells (3M)

Sells (12M)

Total value (12M): $35.10M

CARRE ERIC

Chief Financial Officer

$889,282

@ $35.89 · 2026-06-18

BECKWITH VAN H.

Officer

$8.19M

@ $41.29 · 2026-05-15

MAXWELL MICHAEL CASEY

Officer

$852,445

@ $41.89 · 2026-05-05

MCKEON TIMOTHY M.

Officer and Treasurer

$363,510

@ $42.00 · 2026-04-30

YOUNG TOBI M. EDWARDS

Director

$255,538

@ $41.72 · 2026-04-30

MILLER JEFFREY ALLEN

Chief Executive Officer

$6.34M

@ $40.00 · 2026-03-27

BECKWITH VAN H.

Officer

$663,481

@ $33.82 · 2026-03-16

SLOCUM JEFFREY SHANNON

Chief Operating Officer

$184,015

@ $33.82 · 2026-03-16

MCKEON TIMOTHY M.

Officer and Treasurer

$132,187

@ $34.37 · 2026-03-06

BANKS MARGARET KATHERINE

Director

$88,855

@ $34.17 · 2026-01-26

BECKWITH VAN H.

Officer

$1.90M

@ $34.96 · 2026-01-23

MILLER JEFFREY ALLEN

Chief Executive Officer

$5.99M

@ $34.96 · 2026-01-23

BECKWITH VAN H.

Officer

$574,875

@ $32.30 · 2026-01-09

SLOCUM JEFFREY SHANNON

Chief Operating Officer

$771,808

@ $32.30 · 2026-01-09

POPE LAWRENCE J.

Officer

$3.23M

@ $32.25 · 2026-01-05

BECKWITH VAN H.

Officer

$246,938

@ $27.89 · 2025-12-05

RICHARD MARK

Officer

$4.44M

@ $27.77 · 2025-11-12

CARRE ERIC

Chief Financial Officer

$1.28M

@ $25.00 · 2025-03-14

MCKEON TIMOTHY M.

Officer and Treasurer

$258,226

@ $24.60 · 2025-03-07

BANKS MARGARET KATHERINE

Director

$93,736

@ $24.03 · 2025-03-04

CARRE ERIC

Chief Financial Officer

$3.69M

@ $26.13 · 2025-02-11

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

🎭 Mr. Market's Mood

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😐Neutral(53/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

HAL

😨Fear(39/100)

"Market is pessimistic — investigate whether fears are temporary or structural"

Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

⚖️ Buffett Signal

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⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (53)

HAL

⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Fear (39)

View GS Full Analysis View HAL Full Analysis

Frequently Asked Questions: GS vs HAL

Is Goldman Sachs Group, Inc. (The) or Halliburton Company more undervalued in 2026?▼

Based on our discounted cash flow model, GS trades at a 100.0% margin of safety (intrinsic value $481431875452 vs. price $1018), compared to HAL's 71.6% margin of safety (intrinsic $114 vs. $32).

Which stock has a wider economic moat, Goldman Sachs Group, Inc. (The) or Halliburton Company?▼

HAL scores 69/100 (Narrow moat), while GS scores 65/100 (Narrow moat). The moat score measures competitive advantage durability across ROIC consistency, margin stability, revenue predictability, and reinvestment efficiency.

Is Goldman Sachs Group, Inc. (The) in financial distress?▼

GS's Altman Z-Score of 0.2 places it in the Distress zone, signaling elevated bankruptcy risk. HAL scores 3.4 (Safe zone). The Altman Z-Score is a five-factor model that predicts insolvency within two years; scores below 1.81 indicate significant distress.

Which stock has higher return on invested capital, Goldman Sachs Group, Inc. (The) or Halliburton Company?▼

HAL earns 11.7% ROIC versus GS's 2.5%. A higher ROIC means the company generates more profit per dollar of capital employed, a hallmark of durable competitive advantage in Buffett-style analysis.

Which dividend is safer, Goldman Sachs Group, Inc. (The)'s or Halliburton Company's?▼

HAL's dividend earns a safety score of 94/100 (Very Safe), compared to GS's 79/100 (Safe). HAL has raised its dividend for 3 consecutive years.