Robinhood vs LPL Financial
LPL Financial reported revenue of $17.0 billion in fiscal 2025, 3.8 times Robinhood's $4.5 billion in fiscal 2025. Robinhood's revenue grew 51.6% in its latest year, and LPL Financial's grew 37.2%. Free cash flow was $1.6 billion at Robinhood and −$982 million at LPL Financial.
Side by side
| Robinhood | LPL Financial | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $4.5B | $17.0B |
| Revenue growth | 51.6% | 37.2% |
| Revenue growth a year, last 5 years | 36.1% | 23.7% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 42.1% | 5.1% |
| Free cash flow | $1.6B | −$982M |
| Free cash flow margin | 36.3% | −5.8% |
| Return on capital | — | 12.3% |
| Net debt to EBITDA | — | 3.1x |
| Dividends and buybacks | $653M | $194M |
| Change in diluted share count | 1.4% | 4.8% |
| Last close | $92.84 | $317.23 |
| P/E at the last close | 40.9× | 25.2× |
| Insider trades, last 12 months | bought $55.3 million, sold $613.4 million | sold $7.7 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
RobinhoodLPL Financial
Operating margin
Percent of revenue
RobinhoodLPL Financial
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
RobinhoodLPL Financial
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Robinhood and LPL Financial pages.