Valuation
Is the price right?Insufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Bringing the fundamentals into focus…
BULL TechnologyBeta data
Webull Corporation
$5.20+0.00%
Price as of close on Nov 3, 2026 · Financials updated Nov 3, 2026
Basics
- Sector
- Technology
- Industry
- Software - Application
- Country
- United States
- Market cap
- 2.8B USD
- Enterprise value
- 908.0M USD
- Full-time employees
- 1,396
Growth
Is it growing?90/100
Strong
2/3 inputs reported · Partial data
Since last quarter: ▲ Stronger
- 12-month revenue up 24.1%
Why
Compare with peers Stronger than most peers on:
- ▲ Revenue growth
- ▲ 3-yr revenue
Behind the score
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.1108 · MAD: 0.30503-year revenue growth13.7%
SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score 1.12Sector median: 0.0483 · MAD: 0.0793Revenue growth46.3%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 3.72Sector median: 0.0853 · MAD: 0.1017Profitability
Does it earn well?53/100
Moderate
3/3 inputs reported · High confidence
Since last quarter: ▲ Stronger
- Turned profitable over the last 12 months
- Operating margin rose 13.2 points to 10.2%
Why
Compare with peers Mixed versus peers:
- ▲ ROIC
- ▲ Operating margin
- ▼ ROA
Behind the score
Return on invested capital, operating margin, and return on assets.
Operating margin10.2%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.55Sector median: 0.0631 · MAD: 0.0710Return on assets0.6%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.63Sector median: 0.0293 · MAD: 0.0362Return on invested capital12.7%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.69Sector median: 0.0676 · MAD: 0.0857Other data (not scored)
Gross margin77.2%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632Return on equity4.7%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889Risk
Debt, liquidity, price swingsModerate
Moderate relative risk
3/3 inputs reported · High confidence
Since last quarter: No major change
Why it changed since the Oct 27, 2026 close: Safety percentile 60 → 55
- Company's reported figures updated-4
- Peer companies moved-1
Why
Compare with peers Mixed versus peers:
- ▲ Debt / equity
- ▲ Beta
- ▼ Current ratio
Behind the score
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
Beta0.71
Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.42Sector median: 0.8710 · MAD: 0.3700Current ratio1.21×
Yahoo FinanceReported value33% base weight · Z-score -0.90Sector median: 1.8295 · MAD: 0.6848Debt / equity0.08×
Yahoo FinanceReported value33% base weight · Z-score 0.77Sector median: 0.2495 · MAD: 0.2270Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Webull
- Is Webull getting weaker?
- Its latest SEC filing (Apr 9, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 13.2 points to 10.2%. Its overall score is 66/100, down 2 since Oct 28, 2026.
- How is Webull valued vs its peers?
- Insufficient data: 1 of 3 inputs reported (at least 2 needed).
- Is Webull growing?
- Yes, faster than most of its peers. Growth scores 90/100 against 1,711 technology peers. Revenue growth 46.3% vs a peer median of 8.5% (stronger than 92% of peers).Revenue growth 46.3% vs peers 8.5% (stronger than 92% of peers).
- How profitable is Webull?
- About as profitable as its peers. Profitability scores 53/100 against 1,711 technology peers. Return on invested capital 12.7% vs a peer median of 6.8% (stronger than 67% of peers).Return on invested capital 12.7% vs peers 6.8% (stronger than 67% of peers). Return on assets 0.6% vs a peer median of 2.9% (weaker than 68% of peers).Return on assets 0.6% vs peers 2.9% (weaker than 68% of peers).
- How risky is Webull?
- Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.08× vs a peer median of 0.25× (stronger than 71% of peers).Debt / equity 0.08× vs peers 0.25× (stronger than 71% of peers). Current ratio 1.21× vs a peer median of 1.83× (weaker than 78% of peers).Current ratio 1.21× vs peers 1.83× (weaker than 78% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Dec 31, 2025 · filed Apr 9, 2026 · compared with the quarter ended Jun 30, 2025Got stronger
- Turned profitable over the last 12 months
- Operating margin rose 13.2 points to 10.2%
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Revenue (12 months) | 460.3M USD | 571.0M USD | +24.1% |
| Net income (12 months) | −13.9M USD | 24.8M USD | turned positive |
| Operating margin | -2.9% | 10.2% | +13.2 pts |
| Free cash flow (12 months) | 392.8M USD | 561.5M USD | +43.0% |
| Cash | 476.7M USD | 653.2M USD | +37.0% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Software - Application · 81 companiesValuations in Software - Application are near the bottom of their range since 2016.
- 6% of months since 2016 were valued lower than now.
- 8% of companies are in the most expensive fifth of their own price-to-sales history.
- Over 24 months, company values −16% and earnings +31% (medians): earnings grew faster than prices.
- Median price-to-sales is +85% vs the whole market, against a usual +235%.
Financials
Fiscal years from SEC annual filings · change vs the prior year| Key ratios | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|
| Operating margin | 17.7% | 5.9% | -3.7% | 10.2% | ▲ 14 pts |
| Net margin | 12.9% | 1.6% | -5.8% | 4.3% | ▲ 10 pts |
| Return on assets (ROA) | — | 0.5% | -1.1% | 0.6% | ▲ 1.7 pts |
| Return on equity (ROE) | — | — | — | 2.4% | — |
| Free cash flow margin | -16.2% | 119.6% | 46.8% | 98.3% | ▲ 51 pts |
| Current ratio | — | 1.74× | 1.34× | 1.33× | ▼ 0.7% |
| Interest coverage | — | — | -116.90× | 10.71× | ▲ 109% |
BULL price history
Price history is added with the daily price update and will appear after the next one.