HOOD
Robinhood Markets, Inc.
HOOD has the edge over PWP overall, supported by stronger valuation and stronger modeled upside.
PWP
Perella Weinberg Partners
PWP 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.
PWP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
PWP's revenue is currently healthy, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like PWP.
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 PWP in the historical PE scenario, which offers more potential upside but is not a forecast.
PWP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.5x | $13.45 | — |
| Cheap | 18x | $7.12 | -47% |
| Current | 34x | $13.45 | — |
| Fair | 36x | $14.42 | +7.2% |
| Expensive | 63x | $25.28 | +88% |
Historical ranges are pointers, not guarantees.
PWP's PE is in its fair range at 34x. If earnings grow as analysts expect, today's price would be 9.5x next year's earnings, in its cheap range.
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.
PWP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for PWP, with profitability improving. However, they disagree widely on these estimates.
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 PWP on earnings, with more consistent year-over-year improvement.
PWP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.42 | +255% |
| Q3 2026 | $0.40 | -61% |
| Q2 2026 | $0.27 | -77% |
| Q1 2026 | $0.25 | +$0.32 |
| Q4 2025 | $0.47 | +$1.69 |
PWP's earnings per share have fallen from their peak: $0.40 over the past year, against $1.18 in mid-2025.
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 PWP 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 PWP on profitability, with a higher operating margin.
PWP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $251.4M | +53% |
| Q2 2026 | $156.5M | +0.8% |
| Q1 2026 | $148.9M | -30% |
| Q4 2025 | $219.2M | -2.9% |
| Q3 2025 | $164.6M | -41% |
| Q2 2025 | $155.3M | -43% |
| Q1 2025 | $211.8M | +107% |
| Q4 2024 | $225.7M | +6.1% |
PWP's revenue has held roughly level: $251M last quarter, up 53% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +8.5 points |
| Q2 2026 | 3.2% | -2.5 points |
| Q1 2026 | -8.7% | -14 points |
| Q4 2025 | 8.4% | -1 points |
| Q3 2025 | 5.4% | -7.5 points |
| Q2 2025 | 5.8% | +36 points |
| Q1 2025 | 5.5% | +58 points |
| Q4 2024 | 9.5% | +30 points |
PWP's operating margin was 14% last quarter, up 8.5 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 has the edge over PWP on cash flow, with more consistent year-over-year improvement.
PWP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $71M | +23% |
| Q2 2026 | $47.2M | -15% |
| Q1 2026 | -$111.8M | +$65.8M |
| Q4 2025 | $95.1M | -31% |
| Q3 2025 | $57.6M | -71% |
| Q2 2025 | $55.3M | -34% |
| Q1 2025 | -$177.6M | +$37.2M |
| Q4 2024 | $138.8M | -5.1% |
PWP's free cash flow was $101M over the past year, up 37% from the year before. Free cash flow isn't a meaningful measure for financial services companies like PWP.
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 PWP 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.
PWP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +1.6M shares |
| 1 year | +3.1% | +3.1M shares |
| 3 years | +15% | +13.5M shares |
PWP has 103M diluted shares, up 3.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2M |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $1.9M |
| Q2 2025 | $17.3M |
| Q1 2025 | $14.4M |
| Q4 2024 | — |
PWP spent $2M buying back its own shares over the past year, down 94% 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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HOOD.
PWP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.2x | Net Cash |
| Q2 2026 | -2.8x | Net Cash |
| Q1 2026 | -1.7x | Net Cash |
| Q4 2025 | -3.7x | Net Cash |
| Q3 2025 | -2.6x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -15.9x | Net Cash |
PWP has the edge over HOOD on leverage, with a lower net debt burden relative to earnings.
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).
PWP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.8 | Neutral |
| Stochastic | 27.4 | Neutral |
PWP's weekly RSI is 42 (neutral) and its Stochastic is 27 (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.
PWP PE vs Financial Services Sector
| Metric | PWP | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 13x | 158% above |
| PE % | 45 | 61 | 16 pts below |
PWP 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 the edge over PWP on trend strength, trading above more of its moving averages.
PWP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.2 | 5.1% below |
| 20 week MA | $15.4 | 12% below |
| 50 week MA | $17.4 | 23% below |
| 100 week MA | $18.9 | 29% below |
| 200 week MA | $16.2 | 17% below |
PWP is in a downtrend: it's below all five of its weekly moving averages, and 17% 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's yearly returns have swung widely, from +206% in 2024 to −58% in 2022. It's down 31% so far in 2026.
PWP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.90 | $10.9 | +10% |
| 2021 | $10.9 | $12.8 | +18% |
| 2022 | $12.8 | $9.41 | -27% |
| 2023 | $9.41 | $12.2 | +30% |
| 2024 | $12.2 | $24.0 | +96% |
| 2025 | $24.0 | $17.7 | -26% |
| 2026 YTD | $17.7 | $13.5 | -24% |
PWP has the edge over HOOD on returns for 2026, with the stronger performance.