NBHC
National Bank Holdings Corporation
NBHC's outlook is improving despite an expensive valuation.
SOFI
SoFi Technologies, Inc.
SOFI has the edge over NBHC overall, supported by stronger modeled upside and stronger valuation.
NBHC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
NBHC'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 NBHC.
SOFI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
SOFI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SOFI.
NBHC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.6x | $37.04 | — |
| Cheap | 11x | $13.75 | -63% |
| Fair | 13x | $16.12 | -56% |
| Expensive | 15x | $19.14 | -48% |
| Current | 29x | $37.04 | — |
Historical ranges are pointers, not guarantees.
NBHC's PE is in its expensive range at 29x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings, in its cheap range.
SOFI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $15.63 | — |
| Current | 28x | $15.63 | — |
| Cheap | 33x | $18.24 | +17% |
| Fair | 43x | $23.82 | +52% |
| Expensive | 53x | $29.74 | +90% |
Historical ranges are pointers, not guarantees.
SOFI has the edge over NBHC in the historical PE scenario, which offers more potential upside but is not a forecast.
NBHC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for NBHC, with profitability improving.
SOFI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for SOFI, with profitability improving.
NBHC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.87 | +207% |
| Q3 2026 | $1.26 | -60% |
| Q2 2026 | $2.38 | -23% |
| Q1 2026 | $2.68 | -7.3% |
| Q4 2025 | $2.85 | -7.5% |
| Q3 2025 | $3.15 | -2.5% |
| Q2 2025 | $3.09 | -6.6% |
| Q1 2025 | $2.89 | -17% |
| Q4 2024 | $3.08 | -17% |
NBHC's earnings per share have fallen from their peak: $1.26 over the past year, against $3.72 in late 2023.
SOFI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | +47% |
| Q3 2026 | $0.56 | 0% |
| Q2 2026 | $0.49 | -2% |
| Q1 2026 | $0.45 | +4.7% |
| Q4 2025 | $0.39 | 0% |
| Q3 2025 | $0.56 | +367% |
| Q2 2025 | $0.50 | +$0.72 |
| Q1 2025 | $0.43 | +$0.72 |
| Q4 2024 | $0.39 | +$0.75 |
SOFI has the edge over NBHC on earnings, with more consistent year-over-year improvement.
NBHC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $126.4M | +16% |
| Q2 2026 | $129.1M | +24% |
| Q1 2026 | $126.8M | +24% |
| Q4 2025 | $100.6M | -0.6% |
| Q3 2025 | $108.9M | +2.7% |
| Q2 2025 | $104.5M | +7% |
| Q1 2025 | $102.1M | +0.3% |
| Q4 2024 | $101.3M | -4.1% |
NBHC's revenue has picked up after two years of holding roughly level: $126M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -9.5% | -49 points |
| Q2 2026 | 25% | -15 points |
| Q1 2026 | 20% | -8.8 points |
| Q4 2025 | 19% | -15 points |
| Q3 2025 | 40% | +2 points |
| Q2 2025 | 40% | +7.2 points |
| Q1 2025 | 29% | -9 points |
| Q4 2024 | 34% | -2.6 points |
NBHC's operating margin was −9.5% last quarter, down 49 points from the same quarter a year ago, near the bottom of its range since 2019.
SOFI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +44% |
| Q2 2026 | $1.2B | +43% |
| Q1 2026 | $1.1B | +43% |
| Q4 2025 | $1B | +40% |
| Q3 2025 | $961.6M | +38% |
| Q2 2025 | $854.9M | +43% |
| Q1 2025 | $771.8M | +20% |
| Q4 2024 | $734.1M | +19% |
SOFI has the edge over NBHC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +7.5 points |
| Q2 2026 | 17% | +3.6 points |
| Q1 2026 | 18% | +7.8 points |
| Q4 2025 | 18% | +9.9 points |
| Q3 2025 | 15% | +6.3 points |
| Q2 2025 | 13% | +11 points |
| Q1 2025 | 10% | -4.3 points |
| Q4 2024 | 8.2% | -0.2 points |
SOFI has the edge over NBHC on profitability, with a higher operating margin.
NBHC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $66.1M | +26% |
| Q2 2026 | $135.1M | +318% |
| Q1 2026 | -$56.8M | -243% |
| Q4 2025 | $38.1M | -18% |
| Q3 2025 | $52.4M | +12% |
| Q2 2025 | $32.3M | +1.3% |
| Q1 2025 | $39.6M | +32% |
| Q4 2024 | $46.4M | +4% |
NBHC has the edge over SOFI on cash generation, producing positive trailing cash flow while its opponent burns cash.
SOFI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.1B | -$1.7B |
| Q2 2026 | -$4B | -$2.5B |
| Q1 2026 | -$2.4B | -$2.4B |
| Q4 2025 | -$1.1B | -$815.2M |
| Q3 2025 | -$1.4B | -$149M |
| Q2 2025 | -$1.5B | -$1B |
| Q1 2025 | -$31.1M | -104% |
| Q4 2024 | -$242.4M | +$39.9M |
SOFI's free cash flow was −$10.5B over the past year, against −$3.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like SOFI.
NBHC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -157K shares |
| 1 year | +18% | +6.7M shares |
| 3 years | +17% | +6.6M shares |
| 5 years | +44% | +13.7M shares |
| Available history | +42% | +13.2M shares |
NBHC has 45M diluted shares, up 18% from a year ago, despite $41M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $11.9M |
| Q2 2026 | $11.1M |
| Q1 2026 | $16.1M |
| Q4 2025 | $2.1M |
| Q3 2025 | $8.8M |
| Q4 2021 | $17M |
| Q4 2020 | — |
| Q3 2020 | — |
NBHC spent $41M buying back its own shares over the past year.
SOFI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +5.8M shares |
| 1 year | +5.2% | +66.8M shares |
| 3 years | +43% | +407M shares |
| 5 years | +272% | +993M shares |
SOFI has the edge over NBHC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
NBHC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.6x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -1.7x | Net Cash |
| Q4 2025 | -2.2x | Net Cash |
| Q3 2025 | -2.9x | Net Cash |
| Q2 2025 | -1.4x | Net Cash |
| Q1 2025 | -1.2x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
NBHC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NBHC.
SOFI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -3.8x | Net Cash |
| Q4 2025 | -6.5x | Net Cash |
| Q3 2025 | -5.2x | Net Cash |
| Q2 2025 | -4.0x | Net Cash |
| Q1 2025 | -4.9x | Net Cash |
| Q4 2024 | -5.8x | Net Cash |
SOFI has the edge over NBHC on leverage, with a lower net debt burden relative to earnings.
NBHC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.0 | Neutral |
| Stochastic | 6.4 | Oversold |
NBHC's weekly RSI is 36 (neutral) and its Stochastic is 6 (oversold).
SOFI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 41.5 | Neutral |
SOFI's weekly RSI is 43 (neutral) and its Stochastic is 41 (neutral).
NBHC PE vs Financial Services Sector
| Metric | NBHC | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 13x | 126% above |
| PE % | 100 | 63 | 37 pts above |
NBHC is trading at 29x earnings, a 126% premium to the Financial Services sector's median of 13x.
SOFI PE vs Financial Services Sector
| Metric | SOFI | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 114% above |
| PE % | 2 | 61 | 59 pts below |
SOFI has the edge over NBHC on valuation relative to its sector.
NBHC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.0 | 2.6% below |
| 20 week MA | $41.0 | 9.7% below |
| 50 week MA | $41.0 | 9.6% below |
| 100 week MA | $39.8 | 7% below |
| 200 week MA | $38.2 | 2.9% below |
NBHC is in a downtrend: it's below all five of its weekly moving averages, and 2.9% below its 200-week average.
SOFI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.7 | 0.7% below |
| 20 week MA | $17.0 | 7.8% below |
| 50 week MA | $18.9 | 17% below |
| 100 week MA | $18.9 | 17% below |
| 200 week MA | $13.5 | 16% above |
SOFI has the edge over NBHC on trend strength, trading above more of its moving averages.
NBHC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.3 | $33.1 | -6.3% |
| 2021 | $33.1 | $43.5 | +32% |
| 2022 | $43.5 | $42.1 | -3.3% |
| 2023 | $42.1 | $37.2 | -12% |
| 2024 | $37.2 | $43.2 | +16% |
| 2025 | $43.2 | $38.8 | -10% |
| 2026 YTD | $38.8 | $37.0 | -4.6% |
NBHC has the edge over SOFI on returns for 2026, with the stronger performance.
SOFI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.4 | $12.4 | +19% |
| 2021 | $12.4 | $15.1 | +22% |
| 2022 | $15.1 | $4.61 | -69% |
| 2023 | $4.61 | $9.95 | +116% |
| 2024 | $9.95 | $16.0 | +61% |
| 2025 | $16.0 | $27.1 | +69% |
| 2026 YTD | $27.1 | $15.6 | -42% |
SOFI's yearly returns have swung widely, from +116% in 2023 to −69% in 2022. It's down 42% so far in 2026.