HOOD
Robinhood Markets, Inc.
Financials • CIK: 0001783879
Loading...
Market Cap
$126.71B
P/E (TTM)
57.5x
Rev Growth (TTM)
+74.6%
Net Margin (TTM)
52.2%
FCF Yield (TTM)
0.9%
FCF Margin (TTM)
27.9%
Cash Flow Health
Free Cash Flow5/8 positive
TTM$1.2B
Q3 '25
$-1.6B-145%
Q2 '25
$3.5B+447%
FCF Margin
TTM27.9%
Q3 '25-123.7%-135%
Sector: 21.9%Above Avg
OCF Margin27.9%
OCF/NI0.54x
CapEx Coverage–
FCF Yield0.9%
FCF Growth (2Y)–
Cash Conversion Cycle
0 days
DSO: 0+DIO: –−DPO: –
Capital Allocation & Returns
Growth Focused
Total Shareholder YieldTTM
TTM0.6%
Div Yield0.0%
+Buyback (TTM)0.6%
Prioritizing reinvestment over distributions
Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$1.2B
Stock Repurchases (TTM)$713.0M
Capital Return / FCF60.7%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
27.5%
Moderate
+2.7% YoY+23.8%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
52.1%
8Q: 31.7%
Asset Turnover
0.13x
8Q: 0.10x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: 6.7% ≈ 27.5% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
29.53x
8Q:24.43x
+1563.8%
Invested Cap Turn
0.56x
8Q:0.45x
+32.5%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $4.2B | $1.3B↑28.8% | $989.0M↑6.7% | $927.0M↓8.6% | $1.0B↑59.2% | $637.0M↓6.6% | $682.0M↑10.4% | $618.0M↑31.2% | $471.0M |
Operating Income | $2.0B | $635.0M↑44.6% | $439.0M↑18.6% | $370.0M↓33.5% | $556.0M↑268.2% | $151.0M↓20.1% | $189.0M↑19.6% | $158.0M↑507.7% | $26.0M |
Net Income | $2.2B | $556.0M↑44.0% | $386.0M↑14.9% | $336.0M↓63.3% | $916.0M↑510.7% | $150.0M↓20.2% | $188.0M↑19.7% | $157.0M↑423.3% | $30.0M |
Operating Cash Flow | $1.2B | $-1.6B↓144.9% | $3.5B↑446.6% | $642.0M↑145.9% | $-1.4B↓177.3% | $1.8B↑3255.6% | $54.0M↑108.7% | $-623.0M↓164.9% | $960.0M |
Free Cash Flow | $1.2B | $-1.6B↓144.9% | $3.5B↑446.6% | $642.0M↑145.9% | $-1.4B↓177.3% | $1.8B↑3255.6% | $54.0M↑108.7% | $-623.0M↓164.9% | $960.0M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
57.5x
Volatile
8Q: 124.8x-8123%
Valuation Lenses
Earnings
57.5x
vs – sector
Cash Flow
39.6x
EV/FCF vs –
Growth-Adj
0.2xPEG
Undervalued for growth
Quality-Adj
2.1P/E per %ROIC
ROIC: 27.5%
Shareholder Returns
Dividend
–
Buyback
0.6%
Total Yield
0.6%
Market Cap$126.71B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
64/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 10%
27.5%
8Q:–
Return on Invested Capital (ROIC)Top 25%
27.5%
8Q:–
+23.8%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 52.1%
Asset Turnover: 0.13x
Earnings Quality
Cash Conversion
0.54x
OCF / Net Income
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin–
Capital Efficiency
Invested Capital Turnover0.56x
Working Capital
Cash Conversion Cycle0 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
70/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
74.6%
OpInc Growth YoY
320.5%
EPS Growth YoY
308.5%
FCF 3Y CAGR
N/A
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
—
Operating
47.6%
Top 25% in sector
Net
52.2%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
-24.2 pts
FCF: 27.9% | Net: 52.2%
FCF margin lags net margin by 24.2 pts
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $11.27B
Interest Coverage
–
+Net cash position: $11.27B
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis