FMAO
Farmers & Merchants Bancorp, Inc.
FMAO has the edge over HOOD overall, supported by stronger fundamentals and lower modeled downside.
HOOD
Robinhood Markets, Inc.
HOOD offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
FMAO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
FMAO's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like FMAO.
HOOD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
HOOD's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like HOOD.
FMAO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $33.51 | -9.1% |
| Forward | 11x | $36.88 | — |
| Fair | 12x | $38.45 | +4.3% |
| Current | 12x | $36.88 | — |
| Expensive | 16x | $49.12 | +33% |
Historical ranges are pointers, not guarantees.
FMAO has the edge over HOOD in the historical PE scenario, which offers more potential upside but is not a forecast.
HOOD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 30x | $81.35 | — |
| Cheap | 37x | $78.84 | -3.1% |
| Current | 38x | $81.35 | — |
| Fair | 51x | $110 | +35% |
| Expensive | 74x | $160 | +96% |
Historical ranges are pointers, not guarantees.
HOOD's PE is in its cheap range at 38x. If earnings grow as analysts expect, today's price would be 30x next year's earnings.
FMAO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FMAO, with profitability improving.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect strong earnings and revenue growth for HOOD, with profitability improving. However, they disagree widely on these estimates.
FMAO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.35 | +7.8% |
| Q3 2026 | $3.11 | +34% |
| Q2 2026 | $2.91 | +35% |
| Q1 2026 | $2.61 | +29% |
| Q4 2025 | $2.42 | +27% |
| Q3 2025 | $2.32 | +36% |
| Q2 2025 | $2.16 | +38% |
| Q1 2025 | $2.02 | +27% |
| Q4 2024 | $1.90 | +14% |
FMAO has the edge over HOOD on earnings, with more consistent year-over-year improvement.
HOOD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.72 | +26% |
| Q3 2026 | $2.16 | -10% |
| Q2 2026 | $2.26 | +15% |
| Q1 2026 | $2.06 | +18% |
| Q4 2025 | $2.05 | +31% |
| Q3 2025 | $2.40 | +314% |
| Q2 2025 | $1.96 | +513% |
| Q1 2025 | $1.75 | +1150% |
| Q4 2024 | $1.56 | +$2.17 |
HOOD earned $2.16 per share over the past year, down 10% from the year before.
FMAO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $34.8M | +11% |
| Q2 2026 | $34.4M | +16% |
| Q1 2026 | $32.4M | +16% |
| Q4 2025 | $32.5M | +21% |
| Q3 2025 | $31.3M | +22% |
| Q2 2025 | $29.6M | +18% |
| Q1 2025 | $28.1M | +17% |
| Q4 2024 | $26.9M | +13% |
FMAO's revenue has grown year over year for 10 quarters in a row: $35M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 41% | +4.9 points |
| Q2 2026 | 43% | +10 points |
| Q1 2026 | 38% | +6.8 points |
| Q4 2025 | 40% | +0.4 points |
| Q3 2025 | 36% | +4.2 points |
| Q2 2025 | 33% | +4.1 points |
| Q1 2025 | 31% | +3 points |
| Q4 2024 | 39% | +10 points |
FMAO's operating margin was 41% last quarter, up 4.9 points from the same quarter a year ago.
HOOD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +12% |
| Q2 2026 | $1.3B | +32% |
| Q1 2026 | $1.1B | +15% |
| Q4 2025 | $1.3B | +27% |
| Q3 2025 | $1.3B | +100% |
| Q2 2025 | $989M | +45% |
| Q1 2025 | $927M | +50% |
| Q4 2024 | $1B | +115% |
HOOD has the edge over FMAO on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | -5.9 points |
| Q2 2026 | 54% | +9.5 points |
| Q1 2026 | 39% | -1.5 points |
| Q4 2025 | 52% | -3.5 points |
| Q3 2025 | 50% | +26 points |
| Q2 2025 | 45% | +17 points |
| Q1 2025 | 40% | +14 points |
| Q4 2024 | 55% | +49 points |
HOOD has the edge over FMAO on profitability, with a higher operating margin.
FMAO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $14.6M | +36% |
| Q2 2026 | $10.6M | +2651% |
| Q1 2026 | $7M | -34% |
| Q4 2025 | $13.2M | +604% |
| Q3 2025 | $10.7M | -41% |
| Q2 2025 | $385K | -96% |
| Q1 2025 | $10.6M | +740% |
| Q4 2024 | $1.9M | -78% |
FMAO's free cash flow was $45M over the past year, up 92% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FMAO.
HOOD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +$2.8B |
| Q2 2026 | $720M | -79% |
| Q1 2026 | $2B | +217% |
| Q4 2025 | -$937M | +$463M |
| Q3 2025 | -$1.6B | -187% |
| Q2 2025 | $3.5B | +6398% |
| Q1 2025 | $642M | +$1.3B |
| Q4 2024 | -$1.4B | -246% |
HOOD has the edge over FMAO on cash flow, with more consistent year-over-year improvement.
FMAO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +7.8K shares |
| 1 year | +0.3% | +41.6K shares |
| 3 years | +0.8% | +109K shares |
| 5 years | +22% | +2.5M shares |
| Available history | +22% | +2.5M shares |
FMAO has 14M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.6M |
| Q2 2026 | $42,000 |
| Q1 2026 | $57,000 |
| Q4 2025 | $1,000 |
| Q3 2025 | $338,000 |
| Q2 2025 | — |
| Q1 2025 | $23,000 |
| Q4 2024 | — |
FMAO spent $2M buying back its own shares over the past year, about five times what it spent the year before.
HOOD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -1M shares |
| 1 year | -0.8% | -6.9M shares |
| 3 years | +1.8% | +15.9M shares |
| 5 years | +292% | +679M shares |
| Available history | +7.2% | +60.8M shares |
HOOD has the edge over FMAO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $25M |
| Q2 2026 | $414M |
| Q1 2026 | $250M |
| Q4 2025 | $100M |
| Q3 2025 | $107M |
| Q2 2025 | $124M |
| Q1 2025 | $322M |
| Q4 2024 | $160M |
HOOD spent $789M buying back its own shares over the past year, up 11% from the year before.
FMAO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 4.5x | High |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 3.2x | Elevated |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 3.1x | Elevated |
FMAO has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FMAO.
HOOD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -1.9x | Net Cash |
| Q3 2025 | -2.1x | Net Cash |
| Q2 2025 | -2.6x | Net Cash |
| Q1 2025 | -3.3x | Net Cash |
| Q4 2024 | -3.8x | Net Cash |
HOOD has the edge over FMAO on leverage, with a lower net debt burden relative to earnings.
FMAO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 71.0 | Overbought |
| Stochastic | 74.3 | Neutral |
FMAO's weekly RSI is 71 (overbought) and its Stochastic is 74 (neutral).
HOOD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.8 | Neutral |
| Stochastic | 9.5 | Oversold |
HOOD's weekly RSI is 41 (neutral) and its Stochastic is 10 (oversold).
FMAO PE vs Financial Services Sector
| Metric | FMAO | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 8.9% below |
| PE % | 39 | 63 | 24 pts below |
FMAO has the edge over HOOD on valuation relative to its sector.
HOOD PE vs Financial Services Sector
| Metric | HOOD | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 13x | 189% above |
| PE % | 22 | 66 | 44 pts below |
HOOD is trading at 38x earnings, a 189% premium to the Financial Services sector's median of 13x.
FMAO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.8 | 3% above |
| 20 week MA | $34.3 | 7.5% above |
| 50 week MA | $29.8 | 24% above |
| 100 week MA | $27.5 | 34% above |
| 200 week MA | $25.4 | 45% above |
FMAO has the edge over HOOD on trend strength, trading above more of its moving averages.
HOOD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $97.8 | 17% below |
| 20 week MA | $102.2 | 20% below |
| 50 week MA | $95.4 | 15% below |
| 100 week MA | $88.5 | 8.1% below |
| 200 week MA | $52.1 | 56% above |
HOOD has fallen below most of its moving averages, though it's still 56% above its 200-week average.
FMAO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.7 | $23.0 | -25% |
| 2021 | $23.0 | $31.7 | +38% |
| 2022 | $31.7 | $27.8 | -12% |
| 2023 | $27.8 | $24.8 | -11% |
| 2024 | $24.8 | $28.6 | +15% |
| 2025 | $28.6 | $26.1 | -8.6% |
| 2026 YTD | $26.1 | $36.9 | +41% |
FMAO has the edge over HOOD on returns for 2026, with the stronger performance.
HOOD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $35.2 | $18.9 | -46% |
| 2022 | $18.9 | $7.95 | -58% |
| 2023 | $7.95 | $12.7 | +60% |
| 2024 | $12.7 | $39.0 | +206% |
| 2025 | $39.0 | $118.1 | +203% |
| 2026 YTD | $118.1 | $81.4 | -31% |
HOOD's yearly returns have swung widely, from +206% in 2024 to −58% in 2022. It's down 31% so far in 2026.