HOOD
Robinhood Markets, Inc.
HOOD offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
LNC
Lincoln National Corporation
LNC has the edge over HOOD overall, supported by stronger valuation and stronger fundamentals.
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.
LNC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
LNC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like LNC.
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.
LNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 2.5x | $41.80 | — |
| Cheap | 3.8x | $63.26 | +51% |
| Forward | 4.9x | $41.80 | — |
| Fair | 8.9x | $149 | +257% |
| Expensive | 15x | $256 | +512% |
Historical ranges are pointers, not guarantees.
LNC has the edge over HOOD in the historical PE scenario, which offers more potential upside but is not a forecast.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
HOOD has the edge over LNC on the outlook, with more favorable valuation and revenue expectations.
LNC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect LNC's earnings to grow and its profitability to improve, with its revenue holding steady.
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 LNC on earnings, with more consistent year-over-year improvement.
LNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.54 | -49% |
| Q3 2026 | $16.71 | +50% |
| Q2 2026 | $12.06 | +109% |
| Q1 2026 | $9.14 | +29% |
| Q4 2025 | $5.83 | -68% |
| Q3 2025 | $11.17 | +660% |
| Q2 2025 | $5.76 | -40% |
| Q1 2025 | $7.07 | -4.2% |
| Q4 2024 | $18.41 | +$23.33 |
LNC earned $16.71 per share over the past year, up 50% from the year before.
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 LNC 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 LNC on profitability, with a higher operating margin.
LNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.5B | +20% |
| Q2 2026 | $4.5B | +12% |
| Q1 2026 | $5.3B | +13% |
| Q4 2025 | $4.9B | -2.8% |
| Q3 2025 | $4.6B | +11% |
| Q2 2025 | $4B | -22% |
| Q1 2025 | $4.7B | +14% |
| Q4 2024 | $5.1B | +624% |
LNC's revenue is growing: $5.5B last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | +20 points |
| Q2 2026 | 36% | +15 points |
| Q1 2026 | -4.6% | +16 points |
| Q4 2025 | 19% | -23 points |
| Q3 2025 | 12% | +29 points |
| Q2 2025 | 21% | -0.3 points |
| Q1 2025 | -20% | -57 points |
| Q4 2024 | 41% | +272 points |
LNC's operating margin was 32% last quarter, up 20 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.
LNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $875M | +$2B |
| Q2 2026 | -$558M | -155% |
| Q1 2026 | $138M | +$410M |
| Q4 2025 | $233M | +5% |
| Q3 2025 | -$1.1B | -$1.1B |
| Q2 2025 | $1B | +$1.9B |
| Q1 2025 | -$272M | +$1.1B |
| Q4 2024 | $222M | +$2.1B |
LNC 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 LNC 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.
LNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +235K shares |
| 1 year | +1.2% | +2.3M shares |
| 3 years | +15% | +25.8M shares |
| 5 years | +4% | +7.6M shares |
| Available history | -2.7% | -5.5M shares |
LNC has 197M diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | $50M |
| Q2 2022 | $100M |
| Q1 2022 | $400M |
| Q4 2021 | $650M |
| Q3 2021 | $200M |
| Q2 2021 | $150M |
| Q1 2021 | $105M |
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.
LNC Net Leverage
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).
LNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.7 | Neutral |
| Stochastic | 27.7 | Neutral |
LNC's weekly RSI is 54 (neutral) and its Stochastic is 28 (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.
LNC PE vs Financial Services Sector
| Metric | LNC | Sector median | Relative |
|---|---|---|---|
| PE | 2.5x | 13x | 81% below |
| PE % | 5 | 63 | 58 pts below |
LNC 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.
LNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $40.6 | 3% above |
| 20 week MA | $42.0 | 0.4% below |
| 50 week MA | $39.8 | 5.1% above |
| 100 week MA | $38.0 | 10% above |
| 200 week MA | $33.0 | 27% above |
LNC 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.
LNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $58.7 | $49.7 | -15% |
| 2021 | $49.7 | $67.9 | +36% |
| 2022 | $67.9 | $30.1 | -56% |
| 2023 | $30.1 | $27.0 | -10% |
| 2024 | $27.0 | $31.8 | +18% |
| 2025 | $31.8 | $45.7 | +44% |
| 2026 YTD | $45.7 | $41.8 | -8.6% |
LNC has the edge over HOOD on returns for 2026, with the stronger performance.