HOOD
Robinhood Markets, Inc.
HOOD offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MTB
M&T Bank Corporation
MTB has a slight edge over HOOD overall, supported by lower modeled downside 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.
MTB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
MTB's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like MTB.
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 MTB in the historical PE scenario, which offers more potential upside but is not a forecast.
MTB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $174 | -21% |
| Forward | 11x | $220 | — |
| Fair | 12x | $230 | +4.8% |
| Current | 12x | $220 | — |
| Expensive | 14x | $269 | +22% |
Historical ranges are pointers, not guarantees.
MTB's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
HOOD has the edge over MTB on the outlook, with more favorable revenue expectations.
MTB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect MTB'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 earned $2.16 per share over the past year, down 10% from the year before.
MTB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.37 | +6.6% |
| Q3 2026 | $19.11 | +18% |
| Q2 2026 | $18.89 | +22% |
| Q1 2026 | $17.81 | +19% |
| Q4 2025 | $17.00 | +16% |
| Q3 2025 | $16.25 | +20% |
| Q2 2025 | $15.45 | +15% |
| Q1 2025 | $14.94 | +0.9% |
| Q4 2024 | $14.64 | -7.3% |
MTB earned $19.11 per share over the past year, up 18% 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 MTB on sales, with stronger typical year-over-year growth.
| 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 MTB on profitability, with a higher operating margin.
MTB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.5B | +0.9% |
| Q2 2026 | $2.5B | +5.7% |
| Q1 2026 | $2.4B | +5.9% |
| Q4 2025 | $2.5B | +3.8% |
| Q3 2025 | $2.5B | +7.8% |
| Q2 2025 | $2.4B | +4.1% |
| Q1 2025 | $2.3B | +2% |
| Q4 2024 | $2.4B | +3.7% |
MTB's revenue has grown year over year for eight quarters in a row: $2.5B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -1 points |
| Q2 2026 | 42% | +3 points |
| Q1 2026 | 35% | +2.4 points |
| Q4 2025 | 39% | +2.3 points |
| Q3 2025 | 41% | +1.8 points |
| Q2 2025 | 39% | +1.9 points |
| Q1 2025 | 33% | +3.6 points |
| Q4 2024 | 37% | +9.8 points |
MTB's operating margin was 40% last quarter, down 1 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.
MTB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +25% |
| Q2 2026 | $1.3B | +50% |
| Q1 2026 | $1B | +59% |
| Q4 2025 | $523M | -69% |
| Q3 2025 | $1B | +$1B |
| Q2 2025 | $844M | -38% |
| Q1 2025 | $635M | +4.4% |
| Q3 2024 | -$28M | -102% |
MTB's free cash flow was $4.1B over the past year, down 2.4% from the year before. Free cash flow isn't a meaningful measure for financial services companies like MTB.
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.
MTB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -1.6M shares |
| 1 year | -7.3% | -11.4M shares |
| 3 years | -13% | -21.4M shares |
| 5 years | +13% | +16.3M shares |
| Available history | +8% | +10.7M shares |
MTB has the edge over HOOD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $319M |
| Q2 2026 | $460M |
| Q1 2026 | $1.2B |
| Q4 2025 | $502M |
| Q3 2025 | $404M |
| Q2 2025 | $1.1B |
| Q1 2025 | $656M |
| Q4 2024 | $198M |
MTB spent $2.5B buying back its own shares over the past year, up 8.3% 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 MTB on leverage, with a lower net debt burden relative to earnings.
MTB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.3x | High |
| Q2 2026 | 3.8x | Elevated |
| Q1 2026 | 4.2x | High |
| Q4 2025 | 2.8x | Moderate |
| Q3 2025 | 3.3x | Elevated |
| Q2 2025 | 3.2x | Elevated |
MTB's net debt is about 4.3 years of its operating earnings (EBITDA), up from 3.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MTB.
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).
MTB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 17.4 | Oversold |
MTB's weekly RSI is 45 (neutral) and its Stochastic is 17 (oversold).
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.
MTB PE vs Financial Services Sector
| Metric | MTB | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 12% below |
| PE % | 39 | 63 | 24 pts below |
MTB 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.
MTB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $219.1 | 0.3% above |
| 20 week MA | $233.4 | 5.8% below |
| 50 week MA | $222.2 | 1.1% below |
| 100 week MA | $204.8 | 7.3% above |
| 200 week MA | $175.3 | 25% above |
MTB 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.
MTB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $169.6 | $125.0 | -26% |
| 2021 | $125.0 | $151.0 | +21% |
| 2022 | $151.0 | $144.6 | -4.2% |
| 2023 | $144.6 | $137.1 | -5.2% |
| 2024 | $137.1 | $189.2 | +38% |
| 2025 | $189.2 | $207.3 | +9.5% |
| 2026 YTD | $207.3 | $219.8 | +6% |
MTB has the edge over HOOD on returns for 2026, with the stronger performance.