Robinhood Markets, Inc. (HOOD) Key Metrics
HOOD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $88.89B
- Enterprise value
- $116.86B
- P/E (TTM)
- 43.6
- Forward P/E
- 45.0
- PEG ratio
- 2.14
- Price / sales
- 18.0 10-yr median 8.5
- Price / book
- 11.6 10-yr median 2.1
- EV / EBITDA
- 49.5
- Dividend yield
- —
- Beta
- 2.35
HOOD key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHOOD valuation Price multiples at each fiscal year-end price.
HOOD returns How much profit the business earns on the capital it uses.
HOOD per-share figures Results divided by the shares outstanding at year-end.
HOOD financial health Debt, liquidity and how easily interest is covered.
HOOD efficiency & capital use Working capital cycle and where the cash goes.
HOOD valuation history
HOOD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HOOD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HOOD cash returned to shareholders
HOOD price vs earnings per share
HOOD key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $103.91B | $33.76B | $11.35B | $7.15B | $15.34B | — | — |
| Enterprise value | $105.09B | $30.73B | $6.45B | $1.13B | $10.91B | — | — |
| P/E ratio | 55.2 | 23.9 | — | — | — | — | — |
| Price / sales | 23.2 | 11.4 | 6.1 | 5.3 | 8.5 | — | — |
| Price / book | 11.4 | 4.2 | 1.7 | 1.0 | 2.1 | — | — |
| Price / free cash flow | 65.6 | — | 21.3 | — | — | — | — |
| Price / operating cash flow | 63.4 | — | 20.5 | — | — | — | — |
| EV / sales | 23.5 | 10.4 | 3.5 | 0.8 | 6.0 | — | — |
| EV / EBITDA | 48.2 | 27.2 | — | — | — | — | — |
| EV / free cash flow | 66.3 | — | 12.1 | — | — | — | — |
| Earnings yield | 1.8% | 4.2% | −4.8% | −14.4% | −24.0% | — | — |
| Free cash flow yield | 1.5% | −0.6% | 4.7% | −12.7% | −6.3% | — | — |
| Dividend yield | — | — | — | — | 0.0% | — | — |
| Shareholder yield (dividends + buybacks) | 0.6% | 0.8% | 5.4% | 0.2% | 0.0% | — | — |
| Share price at fiscal year-end | $113.10 | $37.26 | $12.74 | $8.14 | $17.76 | — | — |
| Per share | |||||||
| Revenue per share | $4.87 | $3.26 | $2.09 | $1.55 | $2.10 | $1.13 | $0.33 |
| Earnings per share | $2.05 | $1.56 | −$0.61 | −$1.17 | −$4.27 | $0.01 | −$0.13 |
| Operating cash flow per share | $1.78 | −$0.17 | $0.62 | −$0.97 | −$1.02 | $2.21 | $1.48 |
| Free cash flow per share | $1.72 | −$0.23 | $0.60 | −$1.03 | −$1.12 | $2.17 | $1.47 |
| Cash per share | $11.37 | $11.58 | $9.48 | $8.94 | $9.36 | $2.59 | $0.76 |
| Book value per share | $9.95 | $8.80 | $7.52 | $7.92 | $8.44 | −$0.07 | −$0.11 |
| Tangible book value per share | $9.35 | $8.56 | $7.27 | $7.77 | $8.29 | −$0.07 | −$0.11 |
| Dividends per share | — | — | — | — | $0.01 | — | — |
| Capex per share | $0.06 | $0.06 | $0.02 | $0.06 | $0.10 | $0.04 | $0.01 |
| Debt per share | $12.65 | $8.24 | $3.98 | $2.09 | $4.23 | $2.26 | $0.79 |
| Shares outstanding | 918.8M | 906.2M | 890.9M | 878.6M | 863.9M | 850.2M | 850.2M |
| Change in shares outstanding | +1.4% | +1.7% | +1.4% | +1.7% | +1.6% | 0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 22.0% | 19.2% | −7.9% | −14.4% | −101.9% | — | — |
| Return on invested capital (ROIC) | 24.5% | 31.3% | −30.9% | −40.2% | −103.0% | — | — |
| Return on assets (ROA) | 5.9% | 6.4% | −2.6% | −4.8% | −24.0% | 0.1% | −2.7% |
| Return on tangible assets | 5.0% | 5.4% | −3.1% | −4.4% | −18.8% | 0.1% | −2.7% |
| Free cash flow margin | 35.4% | −7.0% | 28.5% | −66.9% | −53.4% | 192.5% | 449.5% |
| Income quality (OCF / net income) | 0.87 | −0.11 | — | — | — | 268.04 | — |
| Financial health | |||||||
| Total debt | $11.63B | $7.46B | $3.55B | $1.83B | $3.65B | $1.92B | $674.0M |
| Cash & short-term investments | $10.45B | $10.50B | $8.44B | $7.85B | $8.09B | $2.21B | $647.0M |
| Net debt | $1.18B | −$3.03B | −$4.89B | −$6.02B | −$4.44B | −$284.0M | $27.0M |
| Debt / equity | 1.27 | 0.94 | 0.53 | 0.26 | 0.50 | — | — |
| Debt / assets | 0.30 | 0.28 | 0.20 | 0.08 | 0.18 | 0.17 | 0.17 |
| Net debt / EBITDA | 0.54 | −2.68 | — | — | — | −12.35 | — |
| Current ratio | 1.26 | 1.39 | 1.58 | 1.41 | 1.56 | 1.23 | 1.25 |
| Quick ratio | 1.26 | 1.39 | 1.59 | 1.21 | 1.57 | 1.14 | 1.25 |
| Interest coverage | — | 43.9 | -23.3 | -40.2 | -81.2 | 2.7 | -107.9 |
| Working capital | $7.53B | $7.00B | $6.25B | $6.66B | $6.94B | $2.06B | $774.7M |
| Invested capital | $10.31B | $4.94B | $1.80B | $937.0M | $2.86B | −$339.3M | −$70.1M |
| Tangible asset value | $8.60B | $7.75B | $6.47B | $6.83B | $7.16B | −$55.5M | −$97.0M |
| Net current asset value | $7.32B | $6.89B | $6.15B | $6.54B | $6.81B | −$171.2M | −$165.3M |
| Graham number | $21.42 | $17.56 | — | — | — | — | — |
| Graham net-net per share | −$5.14 | −$1.31 | $0.14 | −$5.04 | $0.74 | −$6.86 | −$3.41 |
| Capital allocation | |||||||
| Dividends paid | — | — | — | — | $7.3M | — | — |
| Share buybacks (net) | $653.0M | $257.0M | $608.0M | $12.0M | $0 | — | — |
| Dividends + buybacks / free cash flow | 41.2% | — | 114.3% | — | — | — | — |
| Capex / revenue | 1.2% | 1.7% | 1.1% | 4.2% | 4.6% | 3.4% | 4.5% |
| Capex / operating cash flow | 3.3% | — | 3.8% | — | — | 1.7% | 1.0% |
| Capex / depreciation | 0.63 | 0.65 | 0.30 | 0.93 | 3.28 | 3.25 | 2.29 |
| Stock-based compensation / revenue | 6.8% | 10.3% | 46.7% | 48.2% | 86.5% | 2.5% | 9.6% |
| R&D / revenue | 20.1% | 27.7% | 43.2% | 64.7% | 68.0% | 22.4% | 34.2% |
| SG&A / revenue | 12.9% | 12.3% | 69.2% | 53.4% | 82.1% | 41.1% | 62.7% |
| Efficiency | |||||||
| Days sales outstanding | 1,106.9 | 760.3 | 673.0 | 1,346.7 | 1,026.2 | 788.6 | 869.2 |
| Days of inventory on hand | — | — | 3,893.8 | 1,000.9 | 272.6 | 620.3 | 11.7 |
| Days payables outstanding | 210.7 | 234.8 | 711.2 | 135.6 | 127.9 | 109.5 | 147.2 |
| Cash conversion cycle (days) | 896.2 | 525.5 | 3,855.5 | 2,212.0 | 1,170.9 | 1,299.3 | 733.7 |
| Receivables turnover | 0.33 | 0.48 | 0.54 | 0.27 | 0.36 | 0.46 | 0.42 |
| Payables turnover | 1.73 | 1.55 | 0.51 | 2.69 | 2.85 | 3.33 | 2.48 |
| Inventory turnover | — | — | — | 0.36 | — | 0.59 | 31.10 |
| Asset turnover | 0.14 | 0.13 | 0.09 | 0.06 | 0.12 | 0.13 | 0.07 |
| Average receivables | $13.56B | $6.15B | $3.44B | $5.01B | $5.10B | $2.07B | $660.9M |
| Average payables | $430.0M | $390.5M | $284.5M | $218.5M | $178.3M | $71.1M | $37.6M |
| Average inventory | — | — | $1.56B | $1.61B | $380.2M | $402.7M | $3.0M |
| Intangibles / total assets | 1.5% | 0.8% | 1.3% | 0.5% | 0.7% | 0.0% | 0.0% |
Computed from HOOD's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HOOD valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Robinhood traded at 55.2 times earnings. Based on the latest twelve months, the trailing P/E is 43.6 and the forward P/E is 45.0. Robinhood earned a return on equity of 22.0% and a return on invested capital of 24.5% in fiscal 2025. It ended the year with $11.6 billion of debt and $10.5 billion in cash and short-term investments, net debt of $1.2 billion. It returned $653.0 million to shareholders: $0 in dividends and $653.0 million in share buybacks, 41% of free cash flow. The share count rose 8.1% from 850.2M to 918.8M over 6 years.
See the HOOD income statement, the HOOD chart for price history, or the HOOD stock overview for the latest quote and news.
HOOD key metrics FAQ
What is Robinhood's P/E ratio?
Robinhood's trailing P/E ratio is 43.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 45.0. At the end of fiscal 2025 it was 55.2.
What is Robinhood's EV/EBITDA?
Robinhood's enterprise value was 48.2 times EBITDA at the end of fiscal 2025 (enterprise value $105.1 billion, EBITDA $2.2 billion); the current EV/EBITDA is 49.5.
What is Robinhood's return on equity?
Robinhood's return on equity (ROE) was 22.0% in fiscal 2025: net income of $1.9 billion on average shareholders' equity of $8.6 billion.
What is Robinhood's ROIC?
Robinhood's return on invested capital was 24.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Robinhood have?
Robinhood had total debt of $11.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.27 and $1.2 billion of net debt (0.54 times EBITDA).
Does Robinhood buy back its shares?
Yes. Robinhood spent $653.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.4% over the year, to 918.8M..
What is Robinhood's free cash flow yield?
Robinhood generated $1.6 billion of free cash flow in fiscal 2025, a free cash flow yield of 1.5% on its market value at year-end ($103.9 billion).
What is Robinhood's current ratio?
Robinhood's current ratio was 1.26 at the end of fiscal 2025: current assets were 1.26 times current liabilities.