HOOD
Robinhood Markets, Inc.
HOOD has the edge over RWAY overall, supported by stronger valuation and stronger modeled upside.
RWAY
Runway Growth Finance Corp.
RWAY 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.
RWAY Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
RWAY's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like RWAY.
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 RWAY in the historical PE scenario, which offers more potential upside but is not a forecast.
RWAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.9x | $6.66 | — |
| Cheap | 6.4x | $1.02 | -85% |
| Fair | 11x | $1.76 | -74% |
| Expensive | 15x | $2.45 | -63% |
| Current | 42x | $6.66 | — |
Historical ranges are pointers, not guarantees.
RWAY's PE is in its expensive range at 42x. If earnings grow as analysts expect, today's price would be 4.9x next year's earnings, in its cheap range.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
HOOD has the edge over RWAY on the outlook, with more favorable profitability expectations.
RWAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for RWAY, but weaker profitability.
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 RWAY on earnings, with more consistent year-over-year improvement.
RWAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.35 | +745% |
| Q3 2026 | $0.16 | -89% |
| Q2 2026 | $0.12 | -94% |
| Q1 2026 | -$0.08 | -105% |
| Q4 2025 | $0.93 | -51% |
| Q3 2025 | $1.45 | +41% |
| Q2 2025 | $1.88 | +151% |
| Q1 2025 | $1.64 | +50% |
| Q4 2024 | $1.89 | +73% |
RWAY's earnings per share have fallen from their peak: $0.16 over the past year, against $1.89 in late 2024.
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 stronger quarterly revenue trend. Revenue is up 12% for HOOD versus down 64% for RWAY.
| 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.
RWAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $3.2M | -64% |
| Q1 2022 | $5.7M | -49% |
| Q4 2021 | $20.9M | -6.4% |
| Q3 2021 | $13.1M | +7.2% |
| Q2 2021 | $9M | -39% |
| Q1 2021 | $11.3M | +267% |
RWAY's revenue has slid since its 2020 peak: $3M last quarter, down 64% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | -25% | -100 points |
| Q1 2022 | 50% | -33 points |
| Q4 2021 | 92% | -0.6 points |
| Q3 2021 | 78% | -11 points |
| Q2 2021 | 75% | -17 points |
| Q1 2021 | 83% | N/A |
| Q4 2020 | 93% | +36 points |
| Q3 2020 | 89% | N/A |
RWAY's operating margin was −25% last quarter, down 100 points from the same quarter a year ago, near the bottom of its range since 2020.
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 RWAY on cash generation, producing positive trailing cash flow while its opponent burns cash.
RWAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $150.2M | +63% |
| Q2 2026 | -$194.3M | -$194.1M |
| Q1 2026 | $5.9M | -92% |
| Q4 2025 | $20.6M | +49% |
| Q3 2025 | $92.4M | +257% |
| Q2 2025 | -$297K | +$38.3M |
| Q1 2025 | $73.6M | +7.2% |
| Q4 2024 | $13.9M | +$75.5M |
RWAY's free cash flow was −$18M over the past year, against $180M the year before. Free cash flow isn't a meaningful measure for financial services companies like RWAY.
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 RWAY 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.
RWAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -188K shares |
| 1 year | +16% | +5.7M shares |
| 3 years | +3.4% | +1.4M shares |
| 5 years | +26% | +8.7M shares |
| Available history | +1.2% | +506K shares |
RWAY has 42M diluted shares, up 16% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.8M |
| Q4 2025 | — |
| Q3 2025 | $4.4M |
| Q4 2024 | $5.8M |
| Q3 2024 | $6.7M |
| Q2 2024 | $12.8M |
| Q1 2024 | $10.6M |
| Q4 2022 | $1.5M |
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.
RWAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 5.4x | High |
| Q1 2022 | 3.1x | Elevated |
| Q4 2021 | 1.5x | Healthy |
| Q3 2021 | 1.7x | Healthy |
| Q2 2021 | 2.4x | Moderate |
| Q1 2021 | 2.5x | Moderate |
RWAY's net debt is about 5.4 years of its operating earnings (EBITDA), up from 2.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like RWAY.
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).
RWAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 72.1 | Neutral |
RWAY's weekly RSI is 51 (neutral) and its Stochastic is 72 (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 RWAY on valuation relative to its sector.
RWAY PE vs Financial Services Sector
| Metric | RWAY | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 13x | 220% above |
| PE % | 94 | 64 | 30 pts above |
RWAY is trading at 42x earnings, a 220% premium to the Financial Services sector's median of 13x.
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.
RWAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.55 | 1.7% above |
| 20 week MA | $6.33 | 5.2% above |
| 50 week MA | $7.06 | 5.7% below |
| 100 week MA | $8.74 | 24% below |
| 200 week MA | $10.4 | 36% below |
RWAY 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.
RWAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $12.5 | $13.4 | +7.3% |
| 2022 | $13.4 | $12.2 | -9.4% |
| 2023 | $12.2 | $12.6 | +3.6% |
| 2024 | $12.6 | $10.9 | -13% |
| 2025 | $10.9 | $8.93 | -18% |
| 2026 YTD | $8.93 | $6.66 | -25% |
RWAY has the edge over HOOD on returns for 2026, with the stronger performance.