Tearsheet

Robinhood Markets (HOOD)


Market Price (10/16/2025): $134.94 | Market Cap: $119.4 Bil
Sector: Financials | Industry: Diversified Capital Markets

Robinhood Markets (HOOD)


Market Price (10/16/2025): $134.94
Market Cap: $119.4 Bil
Sector: Financials
Industry: Diversified Capital Markets

Investment Highlights


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 60%
  Expensive valuation multiples
P/SPrice/Sales ratio is 36x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 93x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 107x, P/EPrice/Earnings or Price/(Net Income) is 75x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32%
  Stock price has recently run up significantly
6M Rtn6 month market price return is 230%, 12M Rtn12 month market price return is 401%
2   Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 86%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.1%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 60%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32%
2 Expensive valuation multiples
P/SPrice/Sales ratio is 36x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 93x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 107x, P/EPrice/Earnings or Price/(Net Income) is 75x
3 Stock price has recently run up significantly
6M Rtn6 month market price return is 230%, 12M Rtn12 month market price return is 401%
4 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 86%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.1%

Market Valuation & Key Metrics

HOOD Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
HOOD Return---54%57%192%260%682%
Peers Return60%25%-22%86%46%31%451%
S&P 500 Return16%27%-19%24%23%13%103%

Monthly Win Rates [3]
HOOD Win Rate-20%50%42%58%78% 
Peers Win Rate40%42%38%43%50%51% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
HOOD Max Drawdown---61%-3%-17%-8% 
Peers Max Drawdown-16%-3%-39%-10%-12%-15% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: SCHW, COIN, IBKR, FRHC, BMHL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/15/2025 (YTD)

Downturns Compared

Unique KeyEventHOODS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-90.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven921.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven1083 days464 days


How Low Can It Go?

Robinhood Markets's stock fell -90.2% during the 2022 Inflation Shock from a high on 8/4/2021. A -90.2% loss requires a 921.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Better Bets than Robinhood Markets (HOOD)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to HOOD. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-10.8%-10.8%-12.3%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.4%1.4%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
3.4%3.4%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.8%-1.8%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
16.0%16.0%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-10.8%-10.8%-12.3%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.4%1.4%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
3.4%3.4%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.8%-1.8%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
16.0%16.0%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Robinhood Markets

Financials

HOODSCHWCOINIBKRFRHCBMHLMedian
NameRobinhoo.Charles .Coinbase.Interact.Freedom Bluemount 
Mkt Price134.1594.33336.3069.77169.69-134.15
Mkt Cap118.7171.485.430.610.2-85.4
Rev LTM3,26021,6266,9619,5952,054-6,961
Op Inc LTM1,270-2,3008,054601-1,785
FCF LTM1,05617,1801,96315,0871,206-1,963
FCF 3Y Avg8612,2475628,40369-562
CFO LTM1,10817,8071,96315,1431,308-1,963
CFO 3Y Avg12612,9136018,458137-601

Growth & Margins

HOODSCHWCOINIBKRFRHCBMHLMedian
NameRobinhoo.Charles .Coinbase.Interact.Freedom Bluemount 
Rev Chg LTM59.6%16.9%75.2%11.2%13.6%-16.9%
Rev Chg 3Y Avg30.0%5.0%18.6%53.4%42.4%-30.0%
Rev Chg Q50.0%24.8%24.2%7.3%18.1%-24.2%
QoQ Delta Rev Chg LTM10.5%5.7%6.0%1.8%4.1%-5.7%
Op Mgn LTM39.0%-33.0%83.9%29.3%-36.0%
Op Mgn 3Y Avg-8.7%--8.0%83.3%45.8%-18.9%
QoQ Delta Op Mgn LTM3.1%--1.0%-0.0%-2.8%--0.5%
CFO/Rev LTM34.0%82.3%28.2%157.8%63.7%-63.7%
CFO/Rev 3Y Avg-3.3%62.9%4.4%97.3%-23.6%-4.4%
FCF/Rev LTM32.4%79.4%28.2%157.2%58.7%-58.7%
FCF/Rev 3Y Avg-5.2%59.6%3.2%96.6%-27.9%-3.2%

Valuation

HOODSCHWCOINIBKRFRHCBMHLMedian
NameRobinhoo.Charles .Coinbase.Interact.Freedom Bluemount 
Mkt Cap118.7171.485.430.610.2-85.4
P/S36.47.912.33.24.9-7.9
P/EBIT93.4-51.13.716.5-33.8
P/E74.623.558.136.6125.9-58.1
P/CFO107.19.643.52.07.8-9.6
Total Yield1.3%4.2%1.7%3.1%0.8%-1.7%
Dividend Yield0.0%0.0%0.0%0.4%0.0%-0.0%
FCF Yield 3Y Avg-1.9%9.1%-1.0%51.2%-2.2%--1.0%
D/E0.10.20.10.00.2-0.1
Net D/E-0.0-0.4-0.1-0.2-0.1--0.1

Returns

HOODSCHWCOINIBKRFRHCBMHLMedian
NameRobinhoo.Charles .Coinbase.Interact.Freedom Bluemount 
1M Rtn16.8%2.4%2.8%12.1%2.9%-2.9%
3M Rtn29.9%3.7%-15.5%17.5%6.5%-6.5%
6M Rtn229.9%25.4%95.3%77.2%34.7%-77.2%
12M Rtn400.6%32.8%71.3%83.4%70.4%-71.3%
3Y Rtn1,256.4%43.2%428.9%314.6%239.7%-314.6%
1M Excs Rtn13.3%2.7%1.6%10.7%1.3%-2.7%
3M Excs Rtn21.3%-4.3%-24.1%11.6%-6.9%--4.3%
6M Excs Rtn180.7%-0.7%67.9%37.8%8.0%-37.8%
12M Excs Rtn395.9%26.4%75.9%70.9%58.7%-70.9%
3Y Excs Rtn1,090.5%-50.3%317.0%223.8%150.0%-223.8%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity52,808,830
Short Interest: % Change Since 915202540.9%
Average Daily Volume51,553,009
Days-to-Cover Short Interest1.02
Basic Shares Quantity884,577,603
Short % of Basic Shares6.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2025-2.9%-0.4%-2.3%
4/30/2025-5.1%1.8%34.7%
1/31/2025-0.1%7.5%-11.0%
10/30/2024-16.7%5.8%33.1%
7/31/2024-1.6%-16.8%-1.9%
4/30/20241.0%9.1%32.4%
1/31/20241.6%2.4%54.4%
10/31/2023-0.7%6.8%-3.7%
...
SUMMARY STATS   
# Positive7128
# Negative948
Median Positive2.1%5.5%18.0%
Median Negative-2.8%-6.7%-9.3%
Max Positive11.7%21.9%54.4%
Max Negative-16.7%-16.8%-17.9%

SEC Filings

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Report DateFiling DateFiling
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024218202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023227202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023510202310-Q 3/31/2023
12312022227202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022803202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021224202210-K 12/31/2021
93020211029202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Pinner Jeffrey TsviChief Technology Officer9242025Sell123.241,200147,8932,770,530Form
1Pinner Jeffrey TsviChief Technology Officer9092025Sell99.835,865585,5142,364,019Form
2Malka Meyer8292025Sell104.0380,5208,376,544527,385,415Form
3Warnick JasonChief Financial Officer8192025Sell110.93100,00011,092,90056,602,410Form
4Quirk Steven M.Chief Brokerage Officer8072025Sell104.7140,1314,202,04112,607,693Form