Robinhood vs Virtu Financial
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The short version
- Robinhood is the larger business, with $4.5B of revenue in fiscal 2025 against $3.6B for Virtu Financial.
- Robinhood grew revenue faster (51.6%, against 26.3%).
- Robinhood turned more of its sales into free cash flow (36.3% FCF margin, against 13.6%).
- Investors pay more for each dollar of Robinhood’s earnings: a P/E of 41.9x against 9.3x for Virtu Financial.
| Latest fiscal year | HOOD · FY25 | VIRT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $86.7B | $4.9B |
| Revenue | $4.5B | $3.6B |
| Free cash flow | $1.6B | $496M |
| Net income | $1.9B | $468M |
| Growth | ||
| Revenue growth | 51.6% | 26.3% |
| 5-year growth | 36.1% | 2.3% |
| Share count change | 1.4% | −2.9% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 42.1% | 12.9% |
| FCF margin | 36.3% | 13.6% |
| Return on capital | — | 37.9% |
| Return on equity | 22.0% | 33.0% |
| Balance sheet | ||
| Net debt | — | $1.0B |
| Net debt / EBITDA | — | 0.8x |
| Dividends and buybacks | $653M | $1.6M |
| Valuation & quality | ||
| P/E | 41.9x | 9.3x |
| Piotroski F-score | — | — |
Revenue
FY16
HOOD —
VIRT $702M
FY17
HOOD —
VIRT $1.0B
FY18
HOOD —
VIRT $1.9B
FY19
HOOD $278M
VIRT $1.5B
FY20
HOOD $958M
VIRT $3.2B
FY21
HOOD $1.8B
VIRT $2.8B
FY22
HOOD $1.4B
VIRT $2.4B
FY23
HOOD $1.9B
VIRT $2.3B
FY24
HOOD $3.0B
VIRT $2.9B
FY25
HOOD $4.5B
VIRT $3.6B
HOOD
VIRT
Operating margin
FY16
HOOD —
VIRT —
FY17
HOOD —
VIRT —
FY18
HOOD —
VIRT —
FY19
HOOD —
VIRT —
FY20
HOOD —
VIRT —
FY21
HOOD —
VIRT —
FY22
HOOD —
VIRT —
FY23
HOOD —
VIRT —
FY24
HOOD —
VIRT —
FY25
HOOD —
VIRT —
HOOD
VIRT
Free cash flow
FY16
HOOD —
VIRT $228M
FY17
HOOD —
VIRT $272M
FY18
HOOD —
VIRT $688M
FY19
HOOD $1.3B
VIRT $159M
FY20
HOOD $1.9B
VIRT $1.0B
FY21
HOOD −$948M
VIRT $1.1B
FY22
HOOD −$880M
VIRT $680M
FY23
HOOD $1.2B
VIRT $454M
FY24
HOOD −$170M
VIRT $587M
FY25
HOOD $1.6B
VIRT $496M
HOOD
VIRT
Return on capital
FY16
HOOD —
VIRT 19.5%
FY17
HOOD —
VIRT 6.0%
FY18
HOOD —
VIRT 36.8%
FY19
HOOD —
VIRT 0.2%
FY20
HOOD —
VIRT 46.0%
FY21
HOOD —
VIRT 34.7%
FY22
HOOD —
VIRT 22.1%
FY23
HOOD —
VIRT 14.3%
FY24
HOOD —
VIRT 25.9%
FY25
HOOD —
VIRT 37.9%
HOOD
VIRT
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.