HOOD
Robinhood Markets, Inc.
HOOD offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
OWL
Blue Owl Capital Inc.
OWL has the edge over HOOD overall, supported by stronger fundamentals and lower modeled downside.
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.
OWL Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| N/A | |
| N/A |
OWL's revenue is currently strong, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like OWL.
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.
OWL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 10x | $9.75 | — |
| Current | 70x | $9.75 | — |
| Cheap | 90x | $12.57 | +29% |
| Fair | 142x | $19.84 | +104% |
| Expensive | 192x | $26.83 | +175% |
Historical ranges are pointers, not guarantees.
OWL 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 |
Analysts expect strong earnings and revenue growth for HOOD, with profitability improving. However, they disagree widely on these estimates.
OWL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for OWL, 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 OWL on earnings, with more consistent year-over-year improvement.
OWL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.94 | +574% |
| Q3 2026 | $0.14 | +56% |
| Q2 2026 | $0.12 | 0% |
| Q1 2026 | $0.12 | -25% |
| Q4 2025 | $0.10 | -50% |
| Q3 2025 | $0.09 | -47% |
| Q2 2025 | $0.12 | -25% |
| Q1 2025 | $0.16 | +33% |
| Q4 2024 | $0.20 | +100% |
OWL's earnings per share have fallen from their peak: $0.14 over the past year, against $0.20 in late 2024. Its recent earnings include one-off gains.
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 OWL 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 OWL on profitability, with a higher operating margin.
OWL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $806.5M | +436% |
| Q2 2026 | $137M | -0.7% |
| Q1 2026 | $138M | +4.1% |
| Q4 2025 | $146.8M | +6.7% |
| Q3 2025 | $150.4M | -75% |
| Q2 2025 | $138M | -75% |
| Q1 2025 | $132.6M | -74% |
| Q4 2024 | $137.6M | -72% |
OWL's revenue is growing: $807M last quarter, up 436% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +327 points |
| Q2 2026 | -365% | -27 points |
| Q1 2026 | -367% | -9.5 points |
| Q4 2025 | -301% | -43 points |
| Q3 2025 | -309% | -332 points |
| Q2 2025 | -338% | -369 points |
| Q1 2025 | -357% | -388 points |
| Q4 2024 | -258% | -282 points |
OWL's operating margin was 18% last quarter, up 327 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.
OWL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $601.4M | +42% |
| Q2 2026 | $452.9M | +9.8% |
| Q1 2026 | $89M | +1996% |
| Q4 2025 | $359.1M | +16% |
| Q3 2025 | $422.5M | +34% |
| Q2 2025 | $412.5M | +53% |
| Q1 2025 | $4.2M | -90% |
| Q4 2024 | $310.1M | +13% |
OWL 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 OWL 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.
OWL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +10.6M shares |
| 1 year | +3.7% | +25.2M shares |
| 3 years | -51% | -732M shares |
| 5 years | +118% | +379M shares |
OWL has 699M diluted shares, up 3.7% from a year ago, despite $77M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $25M |
| Q4 2025 | $52M |
| Q3 2025 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
OWL spent $77M buying back its own shares over the past year.
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.
OWL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | 6.3x | High |
| Q3 2024 | 2.9x | Moderate |
| Q2 2024 | 2.6x | Moderate |
| Q1 2024 | 2.7x | Moderate |
| Q4 2023 | 2.5x | Moderate |
| Q3 2023 | 3.1x | Elevated |
| Q2 2023 | 3.7x | Elevated |
| Q1 2023 | 4.8x | High |
OWL's net debt is about 6.3 years of its operating earnings (EBITDA), up from 2.5 years a year ago. Net leverage isn't a meaningful measure for financial services companies like OWL.
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).
OWL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.2 | Neutral |
| Stochastic | 32.1 | Neutral |
OWL'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 has the edge over OWL on valuation relative to its sector.
OWL PE vs Financial Services Sector
| Metric | OWL | Sector median | Relative |
|---|---|---|---|
| PE | 70x | 13x | 435% above |
| PE % | 0 | 61 | 61 pts below |
OWL is trading at 70x earnings, a 435% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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.
OWL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.50 | 2.6% above |
| 20 week MA | $10.2 | 4.2% below |
| 50 week MA | $11.0 | 11% below |
| 100 week MA | $15.1 | 36% below |
| 200 week MA | $15.3 | 36% below |
OWL has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 36% below its 200-week average.
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 has the edge over OWL on returns for 2026, with the stronger performance.
OWL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.8 | $11.6 | +7.2% |
| 2021 | $11.6 | $14.9 | +29% |
| 2022 | $14.9 | $10.7 | -28% |
| 2023 | $10.7 | $14.9 | +39% |
| 2024 | $14.9 | $23.6 | +58% |
| 2025 | $23.6 | $15.0 | -36% |
| 2026 YTD | $15.0 | $9.75 | -35% |
OWL is down 35% so far in 2026, after finishing higher in four of the previous six years.