Robinhood Markets, Inc. (HOOD) intrinsic value & 10-year financials
Robinhood Markets, Inc. (HOOD) has a Graham intrinsic value of $68.09 per share. At $98.87 on Oct 17, 2026, the stock trades 45% above that value. Over the last 8 fiscal years revenue grew 58.9% a year to $4.5B, with an average return on invested capital of 454.1%.
- Graham intrinsic value
- $68.09
- Share price (Oct 17, 2026)
- $98.87
- Price vs Graham value
- 45% above
- Market cap
- $90.8B
- Revenue (FY2025)
- $4.5B
- Revenue growth (8-yr CAGR)
- 58.9%
- ROIC (10-yr avg)
- 454.1%
- Free cash flow (FY2025)
- $1.6B
HOOD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.5B | $1.9B | $2.05 | $1.6B | — | 42.6% |
| FY2024 | $3.0B | $1.4B | $1.56 | -$170.0M | — | 49.5% |
| FY2023 | $1.9B | -$541.0M | -$0.61 | $1.2B | — | -40.2% |
| FY2022 | $1.4B | -$1.0B | -$1.17 | -$880.0M | — | -107.5% |
| FY2021 | $1.8B | -$3.7B | -$7.49 | -$948.0M | — | 3055.0% |
| FY2020 | $958.8M | $7.4M | $0.01 | $1.9B | — | -0.5% |
| FY2019 | $277.5M | -$106.6M | -$0.24 | $1.3B | — | 179.8% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Robinhood Markets revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Robinhood Markets has historically struggled to out-earn its cost of capital, averaging just -4.3% ROIC.
Robinhood Markets capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Robinhood Markets is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $68.09 per share.