HOOD
Robinhood Markets, Inc.
HOOD has the edge over LAZ overall, supported by stronger valuation and stronger modeled upside.
LAZ
Lazard Ltd
LAZ's outlook is improving despite an expensive valuation.
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.
LAZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
LAZ's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like LAZ.
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 LAZ in the historical PE scenario, which offers more potential upside but is not a forecast.
LAZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $13.66 | -67% |
| Fair | 14x | $23.64 | -42% |
| Forward | 18x | $40.87 | — |
| Expensive | 20x | $32.49 | -21% |
| Current | 25x | $40.87 | — |
Historical ranges are pointers, not guarantees.
LAZ's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
HOOD has the edge over LAZ on the outlook, with more favorable profitability expectations.
LAZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for LAZ, with profitability holding steady. However, they disagree widely on these estimates.
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 has the edge over LAZ on earnings, with more consistent year-over-year improvement.
LAZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.29 | +40% |
| Q3 2026 | $1.64 | -36% |
| Q2 2026 | $2.03 | -30% |
| Q1 2026 | $2.52 | -13% |
| Q4 2025 | $2.17 | -19% |
| Q3 2025 | $2.55 | -1.2% |
| Q2 2025 | $2.92 | +80% |
| Q1 2025 | $2.89 | +$3.17 |
| Q4 2024 | $2.68 | +$3.58 |
LAZ's earnings per share have fallen from their peak: $1.64 over the past year, against $4.93 in early 2022.
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 LAZ 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 LAZ on profitability, with a higher operating margin.
LAZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $814.2M | +8.8% |
| Q2 2026 | $807.7M | +1.5% |
| Q1 2026 | $756.6M | +17% |
| Q4 2025 | $906.7M | +11% |
| Q3 2025 | $748.1M | -4.7% |
| Q2 2025 | $796M | +16% |
| Q1 2025 | $648.1M | -15% |
| Q4 2024 | $816.9M | +1.3% |
LAZ's revenue is recovering but still below its 2021 peak: $814M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.7% | -6 points |
| Q2 2026 | 4.7% | -7 points |
| Q1 2026 | 12% | +3.4 points |
| Q4 2025 | 9.4% | -3.7 points |
| Q3 2025 | 13% | -7.8 points |
| Q2 2025 | 12% | +2.4 points |
| Q1 2025 | 8.4% | +1.3 points |
| Q4 2024 | 13% | +4.2 points |
LAZ's operating margin was 6.7% last quarter, down 6 points from the same quarter a year ago.
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's free cash flow was $3B over the past year, up 159% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HOOD.
LAZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $310.8M | +9.2% |
| Q2 2026 | $199.5M | +425% |
| Q1 2026 | -$221.5M | +$9.9M |
| Q4 2025 | $396.1M | +14% |
| Q3 2025 | $284.6M | +3.1% |
| Q2 2025 | $38M | -78% |
| Q1 2025 | -$231.4M | -$134.7M |
| Q4 2024 | $348M | +4.6% |
LAZ has the edge over HOOD on cash flow, with more consistent year-over-year improvement.
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 LAZ 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.
LAZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -56.7K shares |
| 1 year | -0.7% | -717K shares |
| 3 years | +21% | +18.6M shares |
| 5 years | -5.6% | -6.3M shares |
| Available history | -7.6% | -8.8M shares |
LAZ has 107M diluted shares, down 0.7% from a year ago, with $135M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $33.3M |
| Q2 2026 | $50M |
| Q1 2026 | $1.7M |
| Q4 2025 | $50M |
| Q3 2025 | $1.1M |
| Q2 2025 | $3.8M |
| Q1 2025 | $36.2M |
| Q4 2024 | $15.6M |
LAZ spent $135M buying back its own shares over the past year, up 139% from the year before.
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 LAZ on leverage, with a lower net debt burden relative to earnings.
LAZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 0.9x | Very low |
LAZ's net debt is about 1.4 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for financial services companies like LAZ.
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).
LAZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 39.4 | Neutral |
LAZ's weekly RSI is 49 (neutral) and its Stochastic is 39 (neutral).
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.
LAZ PE vs Financial Services Sector
| Metric | LAZ | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 13x | 91% above |
| PE % | 96 | 63 | 33 pts above |
LAZ has the edge over HOOD on valuation relative to its sector.
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.
LAZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.6 | 8.8% above |
| 20 week MA | $40.6 | 0.7% above |
| 50 week MA | $44.9 | 8.9% below |
| 100 week MA | $46.8 | 13% below |
| 200 week MA | $42.7 | 4.3% below |
LAZ has the edge over HOOD on trend strength, trading above more of its moving averages.
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.
LAZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.6 | $41.6 | +5.2% |
| 2021 | $41.6 | $44.0 | +5.7% |
| 2022 | $44.0 | $35.6 | -19% |
| 2023 | $35.6 | $34.8 | -2.3% |
| 2024 | $34.8 | $52.0 | +49% |
| 2025 | $52.0 | $50.0 | -3.7% |
| 2026 YTD | $50.0 | $40.9 | -18% |
LAZ has the edge over HOOD on returns for 2026, with the stronger performance.