HLI
Houlihan Lokey, Inc.
HLI has lower modeled downside risk, despite its lower overall score.
HOOD
Robinhood Markets, Inc.
HOOD has the edge over HLI overall, supported by stronger valuation and stronger modeled upside.
HLI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
HLI's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like HLI.
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.
HLI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $101 | -29% |
| Forward | 18x | $143 | — |
| Fair | 22x | $134 | -6.7% |
| Current | 24x | $143 | — |
| Expensive | 32x | $193 | +34% |
Historical ranges are pointers, not guarantees.
HLI's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
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 has the edge over HLI in the historical PE scenario, which offers more potential upside but is not a forecast.
HLI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HLI, 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.
HLI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.11 | +36% |
| Q3 2026 | $5.96 | -3.9% |
| Q2 2026 | $5.95 | +0.2% |
| Q1 2026 | $6.22 | +6.9% |
| Q4 2025 | $6.51 | +24% |
| Q3 2025 | $6.20 | +27% |
| Q2 2025 | $5.94 | +32% |
| Q1 2025 | $5.82 | +42% |
| Q4 2024 | $5.24 | +35% |
HLI earned $5.96 per share over the past year, down 3.9% from the year before.
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.
HLI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $692M | +4.9% |
| Q2 2026 | $511M | -16% |
| Q1 2026 | $635.6M | -4.6% |
| Q4 2025 | $717.1M | +13% |
| Q3 2025 | $659.5M | +15% |
| Q2 2025 | $605.3M | +18% |
| Q1 2025 | $666.4M | +28% |
| Q4 2024 | $634.4M | +24% |
HLI's revenue fell from its 2021 peak and has held roughly level since: $692M last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -0.7 points |
| Q2 2026 | 15% | +0.4 points |
| Q1 2026 | 20% | -1.2 points |
| Q4 2025 | 22% | +1 points |
| Q3 2025 | 23% | +0.2 points |
| Q2 2025 | 15% | -3.8 points |
| Q1 2025 | 21% | +1.2 points |
| Q4 2024 | 21% | +2.6 points |
HLI's operating margin was 22% last quarter, down 0.7 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 HLI on sales, with more consistent year-over-year improvement.
| 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 HLI on profitability, with a higher operating margin.
HLI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $240M | -26% |
| Q2 2026 | -$342M | -$197.2M |
| Q1 2026 | $286.8M | -17% |
| Q4 2025 | $217M | -17% |
| Q3 2025 | $322.8M | +16% |
| Q2 2025 | -$144.8M | -$69.4M |
| Q1 2025 | $343.9M | +61% |
| Q3 2024 | $278.7M | +148% |
HLI's free cash flow was $402M over the past year, down 49% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HLI.
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 HLI on cash flow, with more consistent year-over-year improvement.
HLI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -600K shares |
| 1 year | -2.3% | -1.6M shares |
| 3 years | -1.3% | -867K shares |
| 5 years | -2.3% | -1.6M shares |
| Available history | +2.1% | +1.4M shares |
HLI has the edge over HOOD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $50M |
| Q1 2026 | $50M |
| Q4 2025 | $87.9M |
| Q3 2025 | $29.7M |
| Q2 2025 | $7.8M |
| Q1 2025 | $52.2M |
| Q4 2024 | $86,000 |
HLI spent $238M buying back its own shares over the past year, up 165% from 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 911M diluted shares, down 0.8% from a year ago, with $789M in buybacks over the past year.
| 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.
HLI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -1.6x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.6x | Net Cash |
HLI has the edge over HOOD on leverage, with a lower net debt burden relative to earnings.
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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HOOD.
HLI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.3 | Neutral |
| Stochastic | 68.0 | Neutral |
HLI's weekly RSI is 54 (neutral) and its Stochastic is 68 (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).
HLI PE vs Financial Services Sector
| Metric | HLI | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 13x | 85% above |
| PE % | 57 | 63 | 6 pts below |
HLI 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.
HLI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $134.2 | 6.9% above |
| 20 week MA | $134.0 | 7.1% above |
| 50 week MA | $149.1 | 3.8% below |
| 100 week MA | $164.4 | 13% below |
| 200 week MA | $143.2 | 0.2% above |
HLI 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.
HLI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.9 | $67.2 | +37% |
| 2021 | $67.2 | $103.6 | +54% |
| 2022 | $103.6 | $89.2 | -14% |
| 2023 | $89.2 | $119.9 | +35% |
| 2024 | $119.9 | $174.3 | +45% |
| 2025 | $174.3 | $178.5 | +2.4% |
| 2026 YTD | $178.5 | $143.4 | -20% |
HLI 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.