HOOD
Robinhood Markets, Inc.
HOOD has a slight edge over MBIN overall, supported by stronger valuation and stronger modeled upside.
MBIN
Merchants Bancorp
MBIN 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.
MBIN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MBIN's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MBIN.
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 MBIN in the historical PE scenario, which offers more potential upside but is not a forecast.
MBIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.6x | $33.76 | -37% |
| Fair | 6.3x | $38.13 | -29% |
| Expensive | 8.1x | $49.06 | -8.4% |
| Current | 8.8x | $53.56 | — |
| Forward | 9.1x | $53.56 | — |
Historical ranges are pointers, not guarantees.
MBIN's PE is in its expensive range at 8.8x. On analysts' estimates for next year's earnings, today's price would be 9.1x.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
HOOD has the edge over MBIN on the outlook, with more favorable valuation expectations.
MBIN Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MBIN, with profitability improving.
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 MBIN on earnings, with more consistent year-over-year improvement.
MBIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.86 | -3.4% |
| Q3 2026 | $6.07 | +40% |
| Q2 2026 | $4.98 | +9.7% |
| Q1 2026 | $4.10 | -24% |
| Q4 2025 | $3.78 | -40% |
| Q3 2025 | $4.34 | -28% |
| Q2 2025 | $4.54 | -31% |
| Q1 2025 | $5.43 | -15% |
| Q4 2024 | $6.30 | +12% |
MBIN earned $6.07 per share over the past year, up 40% 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 MBIN 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's operating margin was 44% last quarter, down 5.9 points from the same quarter a year ago.
MBIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $224.9M | +31% |
| Q2 2026 | $182.2M | +1.7% |
| Q1 2026 | $175.2M | +20% |
| Q4 2025 | $185.3M | -4.4% |
| Q3 2025 | $171.1M | +14% |
| Q2 2025 | $179.2M | +12% |
| Q1 2025 | $145.9M | -13% |
| Q4 2024 | $193.8M | +22% |
MBIN's revenue is growing: $225M last quarter, up 31% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 59% | +22 points |
| Q2 2026 | 55% | +28 points |
| Q1 2026 | 48% | -4.3 points |
| Q4 2025 | 40% | -26 points |
| Q3 2025 | 38% | -17 points |
| Q2 2025 | 27% | -35 points |
| Q1 2025 | 52% | -16 points |
| Q4 2024 | 66% | +3.4 points |
MBIN has the edge over HOOD on profitability, with a higher operating margin.
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 MBIN on cash generation, producing positive trailing cash flow while its opponent burns cash.
MBIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $616.9M | +2472% |
| Q2 2026 | $210.9M | +$336.5M |
| Q1 2026 | -$598.5M | -524% |
| Q4 2025 | -$401.7M | -$385.4M |
| Q3 2025 | $24M | +$521.2M |
| Q2 2025 | -$125.7M | -374% |
| Q1 2025 | $141.2M | +$527.3M |
| Q4 2024 | -$16.3M | -102% |
MBIN's free cash flow was −$172M over the past year, against $23M the year before. Free cash flow isn't a meaningful measure for financial services companies like MBIN.
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 MBIN 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.
MBIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +27K shares |
| 1 year | +0.2% | +82.8K shares |
| 3 years | +6.2% | +2.7M shares |
| 5 years | +6.3% | +2.7M shares |
| Available history | +6.8% | +2.9M shares |
MBIN has 46M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $3M |
| Q4 2022 | — |
| Q3 2022 | $333 |
| Q2 2022 | $3.9M |
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 MBIN on leverage, with a lower net debt burden relative to earnings.
MBIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.0x | Net Cash |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | -0.0x | Net Cash |
MBIN has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like MBIN.
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).
MBIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.0 | Neutral |
| Stochastic | 56.3 | Neutral |
MBIN's weekly RSI is 61 (neutral) and its Stochastic is 56 (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.
MBIN PE vs Financial Services Sector
| Metric | MBIN | Sector median | Relative |
|---|---|---|---|
| PE | 8.8x | 13x | 32% below |
| PE % | 86 | 63 | 23 pts above |
MBIN 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.
MBIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $50.8 | 5.5% above |
| 20 week MA | $51.5 | 3.9% above |
| 50 week MA | $46.2 | 16% above |
| 100 week MA | $40.3 | 33% above |
| 200 week MA | $37.9 | 41% above |
MBIN 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.
MBIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.0 | $18.6 | +43% |
| 2021 | $18.6 | $31.5 | +70% |
| 2022 | $31.5 | $24.5 | -22% |
| 2023 | $24.5 | $42.6 | +74% |
| 2024 | $42.6 | $36.3 | -15% |
| 2025 | $36.3 | $33.7 | -7.2% |
| 2026 YTD | $33.7 | $53.6 | +59% |
MBIN has the edge over HOOD on returns for 2026, with the stronger performance.