HOOD
Robinhood Markets, Inc.
HOOD has the edge over MAIN overall, supported by stronger valuation and stronger modeled upside.
MAIN
Main Street Capital Corporation
MAIN has lower modeled downside risk, despite its lower overall score.
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.
MAIN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
MAIN's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like MAIN.
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.
MAIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $44.46 | -21% |
| Fair | 12x | $56.85 | +1.1% |
| Current | 12x | $56.23 | — |
| Expensive | 15x | $70.68 | +26% |
| Forward | 15x | $56.23 | — |
Historical ranges are pointers, not guarantees.
MAIN 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 MAIN on the outlook, with more favorable valuation and earnings expectations.
MAIN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect MAIN's revenue to grow, but its profitability to weaken.
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 MAIN on earnings, with more consistent year-over-year improvement.
MAIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.76 | -21% |
| Q3 2026 | $4.78 | +20% |
| Q2 2026 | $4.50 | +12% |
| Q1 2026 | $3.91 | -3.5% |
| Q4 2025 | $3.99 | -2.4% |
| Q3 2025 | $4.00 | -3.1% |
| Q2 2025 | $4.03 | -2.2% |
| Q1 2025 | $4.05 | -2.9% |
| Q4 2024 | $4.09 | -1.2% |
MAIN earned $4.78 per share over the past year, up 20% 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 stronger quarterly revenue trend. Revenue is up 12% for HOOD versus down 57% for MAIN.
| 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's operating margin was 44% last quarter, down 5.9 points from the same quarter a year ago.
MAIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $55.5M | -57% |
| Q1 2022 | $97.5M | +20% |
| Q4 2021 | $135.5M | +32% |
| Q3 2021 | $123.7M | +22% |
| Q2 2021 | $129.7M | +129% |
| Q4 2020 | $102.8M | +183% |
MAIN's revenue has held roughly level: $56M last quarter, down 57% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 45% | -36 points |
| Q1 2022 | 72% | +0.6 points |
| Q4 2021 | 77% | -0.6 points |
| Q3 2021 | 78% | -1 points |
| Q2 2021 | 81% | +17 points |
| Q1 2021 | 72% | N/A |
| Q4 2020 | 78% | +37 points |
| Q3 2020 | 79% | N/A |
MAIN's operating margin was 45% last quarter, down 36 points from the same quarter a year ago, near the bottom of its range since 2019.
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 MAIN on cash generation, producing positive trailing cash flow while its opponent burns cash.
MAIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $71.5M | -21% |
| Q2 2026 | $116.6M | +14% |
| Q1 2026 | -$138.5M | -$118.1M |
| Q4 2025 | -$218.5M | -251% |
| Q3 2025 | $90.6M | +25% |
| Q2 2025 | $102.5M | +$289M |
| Q1 2025 | -$20.4M | +$97.7M |
| Q4 2024 | $145M | -5.6% |
MAIN's free cash flow was −$169M over the past year, against $318M the year before. Free cash flow isn't a meaningful measure for financial services companies like MAIN.
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 MAIN 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.
MAIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +503K shares |
| 1 year | +4.6% | +4.1M shares |
| 3 years | +13% | +10.8M shares |
| 5 years | +36% | +24.7M shares |
| Available history | +47% | +30M shares |
MAIN has 94M diluted shares, up 4.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | $256,000 |
| Q3 2021 | $575,000 |
| Q2 2021 | $4.5M |
| Q1 2021 | $7,000 |
| Q4 2020 | $124,000 |
| Q3 2020 | — |
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.
MAIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 6.1x | High |
| Q1 2022 | 4.8x | High |
| Q4 2021 | 4.8x | High |
| Q3 2021 | 4.1x | High |
| Q2 2021 | 4.2x | High |
| Q1 2021 | 4.9x | High |
| Q4 2020 | 71.9x | High |
| Q4 2019 | 8.0x | High |
MAIN's net debt is about 6.1 years of its operating earnings (EBITDA), up from 4.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MAIN.
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).
MAIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.8 | Neutral |
| Stochastic | 52.2 | Neutral |
MAIN's weekly RSI is 53 (neutral) and its Stochastic is 52 (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.
MAIN PE vs Financial Services Sector
| Metric | MAIN | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.7% below |
| PE % | 46 | 63 | 17 pts below |
MAIN 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.
MAIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.0 | 2.3% above |
| 20 week MA | $55.6 | 1.1% above |
| 50 week MA | $56.1 | 0.2% above |
| 100 week MA | $57.8 | 2.7% below |
| 200 week MA | $51.3 | 9.7% above |
MAIN 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.
MAIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $43.4 | $31.1 | -28% |
| 2021 | $31.1 | $44.0 | +41% |
| 2022 | $44.0 | $36.8 | -16% |
| 2023 | $36.8 | $43.2 | +18% |
| 2024 | $43.2 | $57.9 | +34% |
| 2025 | $57.9 | $60.8 | +5% |
| 2026 YTD | $60.8 | $56.2 | -7.5% |
MAIN has the edge over HOOD on returns for 2026, with the stronger performance.