HOOD
Robinhood Markets, Inc.
HOOD has the edge over NNI overall, supported by stronger modeled upside and stronger valuation.
NNI
Nelnet, Inc.
NNI 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.
NNI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
NNI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like NNI.
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 NNI in the historical PE scenario, which offers more potential upside but is not a forecast.
NNI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.1x | $53.77 | -57% |
| Fair | 15x | $110 | -12% |
| Forward | 15x | $125 | — |
| Current | 16x | $125 | — |
| Expensive | 26x | $200 | +60% |
Historical ranges are pointers, not guarantees.
NNI's PE is in its fair range at 16x. On analysts' estimates for next year's earnings, today's price would be 15x.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
HOOD has the edge over NNI on the outlook, with more favorable earnings and profitability expectations.
NNI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect NNI'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 NNI on earnings, with more consistent year-over-year improvement.
NNI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.43 | +11% |
| Q3 2026 | $7.57 | -36% |
| Q2 2026 | $8.38 | -7.4% |
| Q1 2026 | $11.50 | +117% |
| Q4 2025 | $11.79 | +135% |
| Q3 2025 | $11.92 | +291% |
| Q2 2025 | $9.05 | +116% |
| Q1 2025 | $5.31 | +43% |
| Q4 2024 | $5.02 | +105% |
NNI's earnings per share have fallen from their peak: $7.57 over the past year, against $13.43 in late 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 NNI 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's operating margin was 44% last quarter, down 5.9 points from the same quarter a year ago.
NNI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $101.4M | +19% |
| Q2 2026 | $96M | +21% |
| Q1 2026 | $101.6M | +23% |
| Q4 2025 | $107.1M | +34% |
| Q3 2025 | $85.3M | +18% |
| Q2 2025 | $79.4M | +20% |
| Q1 2025 | $82.7M | +11% |
| Q4 2024 | $80.1M | +15% |
NNI's revenue has grown year over year for eight quarters in a row: $101M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | -80 points |
| Q2 2026 | 68% | -231 points |
| Q1 2026 | 74% | -54 points |
| Q4 2025 | 71% | -27 points |
| Q3 2025 | 160% | +163 points |
| Q2 2025 | 299% | +211 points |
| Q1 2025 | 128% | +1.5 points |
| Q4 2024 | 98% | +155 points |
NNI 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 NNI on cash flow, with more consistent year-over-year improvement.
NNI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $187.9M | +87% |
| Q2 2026 | $71.6M | -8.3% |
| Q1 2026 | $61.6M | -30% |
| Q4 2025 | $130.1M | -34% |
| Q3 2025 | $100.8M | -24% |
| Q2 2025 | $78.1M | -36% |
| Q1 2025 | $87.8M | -53% |
| Q4 2024 | $197.9M | +239% |
NNI's free cash flow was $451M over the past year, down 2.9% from the year before. Free cash flow isn't a meaningful measure for financial services companies like NNI.
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.
NNI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -192K shares |
| 1 year | -1.3% | -471K shares |
| 3 years | -4.4% | -1.7M shares |
| 5 years | -7.1% | -2.8M shares |
| Available history | -10% | -4.2M shares |
NNI has the edge over HOOD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $53.1M |
| Q2 2026 | $24.4M |
| Q1 2026 | $16.3M |
| Q4 2025 | $16.3M |
| Q3 2025 | $27.3M |
| Q2 2025 | $21.4M |
| Q1 2025 | $4.5M |
| Q4 2024 | $403,000 |
NNI spent $110M buying back its own shares over the past year, up 106% 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 NNI on leverage, with a lower net debt burden relative to earnings.
NNI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 18.1x | High |
| Q2 2026 | 16.6x | High |
| Q1 2026 | 12.8x | High |
| Q4 2025 | 12.1x | High |
| Q3 2025 | 12.2x | High |
| Q2 2025 | 15.7x | High |
| Q1 2025 | 26.4x | High |
| Q4 2024 | 25.5x | High |
NNI's net debt is about 18 years of its operating earnings (EBITDA), up from 12 years a year ago. Net leverage isn't a meaningful measure for financial services companies like NNI.
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).
NNI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.5 | Neutral |
| Stochastic | 32.3 | Neutral |
NNI's weekly RSI is 46 (neutral) and its Stochastic is 32 (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.
NNI PE vs Financial Services Sector
| Metric | NNI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 27% above |
| PE % | 57 | 63 | 6 pts below |
NNI 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.
NNI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $125.2 | 0.3% below |
| 20 week MA | $128.4 | 2.8% below |
| 50 week MA | $130.4 | 4.3% below |
| 100 week MA | $124.3 | 0.5% above |
| 200 week MA | $110.7 | 13% above |
NNI 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.
NNI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $58.5 | $68.7 | +17% |
| 2021 | $68.7 | $97.6 | +42% |
| 2022 | $97.6 | $89.6 | -8.2% |
| 2023 | $89.6 | $88.2 | -1.5% |
| 2024 | $88.2 | $106.2 | +20% |
| 2025 | $106.2 | $135.7 | +28% |
| 2026 YTD | $135.7 | $124.8 | -8% |
NNI has the edge over HOOD on returns for 2026, with the stronger performance.