HOOD
Robinhood Markets, Inc.
HOOD has a slight edge over WAL overall, supported by stronger valuation and stronger modeled upside.
WAL
Western Alliance Bancorporation
WAL 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.
WAL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WAL's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WAL.
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 WAL in the historical PE scenario, which offers more potential upside but is not a forecast.
WAL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.2x | $65.13 | -12% |
| Forward | 7.2x | $74.39 | — |
| Current | 8.2x | $74.39 | — |
| Fair | 9.4x | $84.88 | +14% |
| Expensive | 13x | $118 | +58% |
Historical ranges are pointers, not guarantees.
WAL's PE is in its cheap range at 8.2x. If earnings grow as analysts expect, today's price would be 7.2x next year's earnings.
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.
WAL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for WAL, 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 earned $2.16 per share over the past year, down 10% from the year before.
WAL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.33 | +14% |
| Q3 2026 | $9.05 | +12% |
| Q2 2026 | $8.88 | +17% |
| Q1 2026 | $8.59 | +18% |
| Q4 2025 | $8.73 | +23% |
| Q3 2025 | $8.08 | +25% |
| Q2 2025 | $7.60 | +14% |
| Q1 2025 | $7.28 | +6.1% |
| Q4 2024 | $7.09 | +8.4% |
WAL has the edge over HOOD on earnings, with more consistent year-over-year improvement.
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 WAL 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 has the edge over WAL on profitability, with a higher operating margin.
WAL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +8.1% |
| Q2 2026 | $995.7M | +18% |
| Q1 2026 | $1B | +31% |
| Q4 2025 | $980.9M | +17% |
| Q3 2025 | $938.2M | +14% |
| Q2 2025 | $845.9M | +9.6% |
| Q1 2025 | $778M | +6.8% |
| Q4 2024 | $838.4M | +23% |
WAL's revenue has grown year over year for 11 quarters in a row: $1B last quarter, up 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 33% | 0 points |
| Q2 2026 | 33% | -1.1 points |
| Q1 2026 | 23% | -9 points |
| Q4 2025 | 36% | +5.3 points |
| Q3 2025 | 33% | +2.8 points |
| Q2 2025 | 34% | +2.3 points |
| Q1 2025 | 32% | -0.1 points |
| Q4 2024 | 31% | 0 points |
WAL's operating margin was 33% last quarter, about level with 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 WAL on cash generation, producing positive trailing cash flow while its opponent burns cash.
WAL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $769.9M | +$1.4B |
| Q2 2026 | -$356.1M | +$1.6M |
| Q1 2026 | -$507.2M | +$1.1B |
| Q4 2025 | -$69.8M | +$551.9M |
| Q3 2025 | -$597.4M | +$470.6M |
| Q2 2025 | -$357.7M | +$388.1M |
| Q1 2025 | -$1.7B | -$1.3B |
| Q4 2024 | -$621.7M | -282% |
WAL's free cash flow was −$163M over the past year, against −$3.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like WAL.
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.
WAL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -200K shares |
| 1 year | -1.8% | -2M shares |
| 3 years | -0.6% | -700K shares |
| 5 years | +3.8% | +3.9M shares |
| Available history | +4.5% | +4.7M shares |
WAL has the edge over HOOD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $93.1M |
| Q2 2026 | $2.3M |
| Q1 2026 | $50.3M |
| Q4 2025 | $57.5M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
WAL spent $203M 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 the edge over WAL on leverage, with a lower net debt burden relative to earnings.
WAL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.8x | Elevated |
| Q2 2026 | 4.3x | High |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 3.6x | Elevated |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 3.4x | Elevated |
| Q4 2024 | 4.8x | High |
WAL's net debt is about 3.8 years of its operating earnings (EBITDA), up from 2.8 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WAL.
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).
WAL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.8 | Neutral |
| Stochastic | 30.1 | Neutral |
WAL's weekly RSI is 41 (neutral) and its Stochastic is 30 (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.
WAL PE vs Financial Services Sector
| Metric | WAL | Sector median | Relative |
|---|---|---|---|
| PE | 8.2x | 13x | 37% below |
| PE % | 26 | 63 | 37 pts below |
WAL 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.
WAL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.6 | 1.7% below |
| 20 week MA | $78.7 | 5.5% below |
| 50 week MA | $80.5 | 7.6% below |
| 100 week MA | $80.3 | 7.4% below |
| 200 week MA | $70.1 | 6.2% above |
WAL has fallen below most of its moving averages, though it's still 6.2% above 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.
WAL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $57.0 | $59.9 | +5.1% |
| 2021 | $59.9 | $105.7 | +76% |
| 2022 | $105.7 | $58.1 | -45% |
| 2023 | $58.1 | $65.8 | +13% |
| 2024 | $65.8 | $83.7 | +27% |
| 2025 | $83.7 | $86.6 | +3.4% |
| 2026 YTD | $86.6 | $74.4 | -14% |
WAL has the edge over HOOD on returns for 2026, with the stronger performance.