HOOD
Robinhood Markets, Inc.
HOOD's fundamentals are mixed, but it looks cheap: trading at 38x earnings, below its usual 51x. Analysts expect strong earnings growth, though they disagree widely on how much.
SAR
Saratoga Investment Corp.
There isn't enough reported data to score SAR yet.
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.
SAR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
SAR's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like SAR.
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.
SAR PE Valuation
SAR has no meaningful PE right now: it lost money over the past year.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
HOOD has the edge over SAR on the outlook, with more favorable earnings and profitability expectations.
SAR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect SAR's revenue to grow, but its earnings and profitability to decline. 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 SAR on earnings quality, reporting a profit while its opponent remains loss making.
SAR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.02 | — |
| Q3 2026 | -$0.27 | -112% |
| Q2 2026 | $0.98 | -60% |
| Q1 2026 | $2.31 | +14% |
| Q4 2025 | $2.42 | -2.4% |
| Q3 2025 | $2.32 | +52% |
| Q2 2025 | $2.45 | +102% |
| Q1 2025 | $2.02 | +185% |
| Q4 2022 | $1.17 | -72% |
SAR has swung to a loss: it lost $0.27 per share over the past year, after a profit 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 stronger quarterly revenue trend. Revenue is up 12% for HOOD versus down 35% for SAR.
| 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.
SAR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $11.8M | -35% |
| Q2 2022 | $7.6M | -72% |
| Q1 2022 | $16.6M | +0.8% |
| Q4 2021 | $15M | -4% |
| Q3 2021 | $18.3M | -31% |
| Q1 2021 | $16.5M | -50% |
SAR's revenue has slid since its 2020 peak: $12M last quarter, down 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 9.1% | -44 points |
| Q2 2022 | -17% | -94 points |
| Q1 2022 | 55% | -8 points |
| Q4 2021 | 55% | -12 points |
| Q3 2021 | 53% | -29 points |
| Q2 2021 | 77% | N/A |
| Q1 2021 | 63% | N/A |
| Q4 2020 | 67% | -15 points |
SAR's operating margin was 9.1% last quarter, down 44 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 SAR on cash generation, producing positive trailing cash flow while its opponent burns cash.
SAR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$27.8M | -$8.5M |
| Q2 2026 | -$26M | -180% |
| Q1 2026 | -$92.4M | -$72.5M |
| Q4 2025 | -$8.6M | -109% |
| Q3 2025 | -$19.3M | -127% |
| Q2 2025 | $32.3M | -38% |
| Q1 2025 | -$19.9M | +$741.4K |
| Q4 2024 | $94.2M | +$112.7M |
SAR's free cash flow was −$155M over the past year, against $87M the year before. Free cash flow isn't a meaningful measure for financial services companies like SAR.
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 SAR 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.
SAR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -97.3K shares |
| 1 year | +2.4% | +380K shares |
| 3 years | +33% | +4M shares |
| 5 years | +45% | +5M shares |
| Available history | +44% | +5M shares |
SAR has 16M diluted shares, up 2.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $2.2M |
| Q1 2023 | $1.2M |
| Q4 2022 | $2.2M |
| Q3 2022 | $3.7M |
| Q2 2022 | $3.7M |
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.
SAR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 35.8x | High |
| Q2 2022 | 20.9x | High |
| Q1 2022 | 9.3x | High |
| Q4 2021 | 6.6x | High |
| Q3 2021 | 6.6x | High |
| Q2 2021 | 5.8x | High |
| Q1 2020 | 3.2x | Elevated |
SAR's net debt is more than 20 years of its operating earnings (EBITDA), up from 6.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like SAR.
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).
SAR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 19.3 | Oversold |
| Stochastic | 3.6 | Oversold |
SAR's weekly RSI is 19 (oversold) and its Stochastic is 4 (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.
SAR PE vs Financial Services Sector
| Metric | SAR | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 13x | 29% above |
| PE % | 77 | 63 | 14 pts above |
SAR 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 SAR on trend strength, trading above more of its moving averages.
SAR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.5 | 19% below |
| 20 week MA | $17.1 | 32% below |
| 50 week MA | $20.5 | 43% below |
| 100 week MA | $22.4 | 48% below |
| 200 week MA | $23.5 | 50% below |
SAR is in a downtrend: it's below all five of its weekly moving averages, and 50% 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 SAR on returns for 2026, with the stronger performance.
SAR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.0 | $20.7 | -17% |
| 2021 | $20.7 | $29.3 | +42% |
| 2022 | $29.3 | $25.6 | -13% |
| 2023 | $25.6 | $25.9 | +1.1% |
| 2024 | $25.9 | $23.8 | -8.1% |
| 2025 | $23.8 | $23.2 | -2.5% |
| 2026 YTD | $23.2 | $11.7 | -50% |
SAR has finished lower in four of the last six years. It's down 50% so far in 2026.