6 years of historical data (2019–2024) · Financial Services · Financial - Capital Markets
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Robinhood Markets, Inc. trades at 48.6x earnings, 104% above its 5-year average of 23.9x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a premium of 253%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $67.1B | $33.8B | $11.3B | $7.2B | $15.3B | — | — |
| Enterprise Value | $70.2B | $36.9B | $10.1B | $2.6B | $12.7B | — | — |
| P/E Ratio → | 48.62 | 23.88 | — | — | — | — | — |
| P/S Ratio | 22.73 | 11.44 | 6.09 | 5.27 | 8.45 | — | — |
| P/B Ratio | 8.62 | 4.24 | 1.69 | 1.03 | 2.10 | — | — |
| P/FCF | — | — | 9.78 | — | — | — | — |
| P/OCF | — | — | 9.61 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Robinhood Markets, Inc.'s enterprise value stands at 62.0x EBITDA, 90% above its 5-year average of 32.6x. The Financial Services sector median is 11.1x, placing the stock at a 459% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.50 | 5.39 | 1.95 | 7.02 | — | — |
| EV / EBITDA | 61.98 | 32.56 | — | — | — | — | — |
| EV / EBIT | 66.50 | 34.94 | — | — | — | — | — |
| EV / FCF | — | — | 8.67 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Robinhood Markets, Inc. earns an operating margin of 35.8%, above the Financial Services sector average of 21.9%. Operating margins have expanded from -71.1% to 35.8% over the past 3 years, signaling improving operational efficiency. ROE of 19.2% indicates solid capital efficiency, compared to the sector median of 9.1%. ROIC of 6.2% represents adequate returns on invested capital versus a sector median of 5.4%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 82.9% | 82.9% | 75.4% | 56.7% | 72.0% | 75.3% | 66.4% |
| Operating Margin | 35.8% | 35.8% | -28.5% | -71.1% | -90.4% | — | -38.5% |
| Net Profit Margin | 47.8% | 47.8% | -29.0% | -75.7% | -203.1% | 0.7% | -38.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | 19.2% | 19.2% | -7.9% | -14.4% | -101.9% | — | — |
| ROA | 6.4% | 6.4% | -2.6% | -4.8% | -24.0% | 0.1% | -2.7% |
| ROIC | 6.2% | 6.2% | -4.2% | -7.3% | -19.2% | — | -13.9% |
| ROCE | 14.2% | 14.2% | -7.7% | -13.3% | -34.2% | — | -12.7% |
Solvency and debt-coverage ratios — lower is generally safer
Robinhood Markets, Inc. carries a Debt/EBITDA ratio of 6.6x, which is highly leveraged (60% above the sector average of 4.1x). Net debt stands at $3.1B ($7.5B total debt minus $4.3B cash). Interest coverage of 44.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.94 | 0.94 | 0.53 | 0.26 | 0.50 | — | — |
| Debt / EBITDA | 6.59 | 6.59 | — | — | — | 83.53 | — |
| Net Debt / Equity | — | 0.39 | -0.19 | -0.65 | -0.36 | — | — |
| Net Debt / EBITDA | 2.76 | 2.76 | — | — | — | 22.54 | — |
| Debt / FCF | — | — | -1.11 | — | — | 0.28 | 0.02 |
| Interest Coverage | 44.00 | 44.00 | -23.09 | -40.25 | -81.17 | — | — |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.39x means Robinhood Markets, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.39 | 1.39 | 1.58 | 1.41 | 1.56 | 1.23 | 1.25 |
| Quick Ratio | 1.39 | 1.39 | 1.58 | 1.41 | 1.56 | 1.23 | 1.25 |
| Cash Ratio | 0.24 | 0.24 | 0.45 | 0.39 | 0.51 | 0.16 | 0.21 |
| Asset Turnover | — | 0.11 | 0.11 | 0.06 | 0.09 | 0.09 | 0.07 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Robinhood Markets, Inc. returns 0.4% to shareholders annually primarily through share buybacks. The earnings yield of 2.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 4.2% | — | — | — | — | — |
| FCF Yield | — | — | 10.2% | — | — | — | — |
| Buyback Yield | 0.4% | 0.8% | 5.4% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.4% | 0.8% | 5.4% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $906M | $891M | $879M | $864M | $850M | $850M |
Compare HOOD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| HOODYou | $67B | 48.6 | 62.0 | — | 82.9% | 35.8% | 19.2% | 6.2% | 6.6 |
| SCHW | $169B | 31.8 | 18.9 | 82.5 | 75.4% | 29.6% | 13.3% | 6.0% | 4.9 |
| FUTU | $53B | 30.0 | 60.4 | 13.4 | 82.0% | 48.7% | 20.7% | 14.8% | 1.3 |
| RJF | $30B | 14.9 | 4.9 | 13.5 | 88.2% | 28.7% | 17.7% | 20.9% | 1.0 |
| LPLA | $24B | 27.5 | 10.4 | — | 25.6% | 13.4% | 20.9% | 16.1% | 2.5 |
| XP | $9B | 13.5 | — | 4.3 | 9.5% | -19.7% | 22.9% | -2.6% | — |
| SF | $8B | 11.8 | 7.3 | 18.1 | 82.9% | 15.8% | 13.3% | 8.4% | 2.7 |
| ETOR | $1B | 3.5 | -7.3 | 5.4 | 5.4% | 2.1% | 26.9% | 26.8% | 0.2 |
| OPY | $899M | 13.5 | 4.5 | — | 32.7% | 21.3% | 8.7% | 15.7% | 2.0 |
| TIGR | $763M | 21.7 | 3.7 | 0.9 | 65.0% | 35.6% | 10.5% | 13.8% | 1.2 |
| SIEB | $77M | 5.8 | 2.7 | 9.1 | 43.4% | 21.7% | 17.1% | 15.4% | 0.4 |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonRobinhood Markets, Inc.'s current P/E ratio is 48.6x. The historical average is 23.9x. This places it at the 100th percentile of its historical range.
Robinhood Markets, Inc.'s current EV/EBITDA is 62.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.6x.
Robinhood Markets, Inc.'s return on equity (ROE) is 19.2%. The historical average is -26.2%.
Based on historical data, Robinhood Markets, Inc. is trading at a P/E of 48.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Robinhood Markets, Inc. has 82.9% gross margin and 35.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Robinhood Markets, Inc.'s Debt/EBITDA ratio is 6.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.