Gratitude and forgiveness are theoretically linked character strengths that tend to be studied in isolation from other strengths. We examined gratitude and forgiveness in the same sample using self and confidant reports to better understand how strengths converge and diverge with personality factors, emotional vulnerabilities, and positive psychological processes. Data suggest that gratitude and forgiveness uniquely relate to personality factors, emotional vulnerabilities, and positive psychological processes with forgiveness evidencing stronger relations than gratitude. Forgiveness also appears to be more robust than gratitude due to the unique effects of forgiveness diminishing correlations between gratitude and other variables. Confidant data demonstrated that strengths were observable by others and related to observer perceptions of well-being. Results are discussed with an emphasis on the benefits of studying character strength profiles.