BULL vs FUTU: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of August 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: FUTU is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. BULL and FUTU share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined BULL and FUTU exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Webull Corporation operates Webull, a mobile-first digital investment platform that lets retail investors trade stocks, ETFs, options, futures, fractional shares, and in some markets digital assets, with round-the-clock access to global markets. It serves more than 26 million registered users across roughly 14 markets in North America, Asia Pacific, Europe, and Latin America through a network of licensed brokerage entities. Its business earns money in two main ways: trading-related revenue, which in the United States leans heavily on payment for order flow (options are the larger share of those rebates), and interest-related income from margin loans, stock lending, and interest on client cash balances. In its first full year as a public company it reported record revenue of about $571 million (up 46%) and record net deposits of $8.6 billion (up 91%).

Full BULL guide

Futu Holdings Limited is a technology company that operates a digital brokerage and wealth-management platform, best known for its Futubull app (serving Hong Kong and Chinese-language users) and its international moomoo app. It offers low-friction access to trading in stocks, ETFs, options, and other securities, primarily across Hong Kong, US, and mainland China-related markets, and it has expanded into markets like Singapore, Australia, Japan, and beyond. Revenue comes from brokerage commissions, interest income (including margin financing), and wealth-management and platform fees. It lists in the US as an ADR.

Full FUTU guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• BULL drivers: User and asset growth; Two revenue engines: trading and interest.
• FUTU drivers: Funded-account and client-asset growth; International expansion via moomoo.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: Webull's revenue is tied closely to retail trading activity, so a quieter market or lower volumes can hit trading-related revenue quickly. For FUTU, the dominant risk is China regulatory exposure.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick BULL if you believe its drivers more; FUTU if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the BULL and FUTU guides.

BULL. Figures are approximate and tied to the asOf date; verify live numbers before acting. Because Webull is not consistently profitable on a GAAP basis, a traditional P/E ratio is not meaningful, so the market values it on revenue growth, users, and assets rather than earnings. The gap between a slightly positive adjusted EPS and a GAAP loss is worth understanding, since it reflects non-cash and SPAC-related charges as well as the underlying run rate.

FUTU. Figures are approximate and tied to the asOf date; verify live numbers before acting. Futu is valued as a growth fintech, but its multiple reflects both rapid account growth and a China-linked risk discount. Because commissions and margin income move with trading volumes, earnings can be cyclical, and a single regulatory headline out of China can reprice the stock quickly. Weigh the growth metrics against the policy and market-sentiment risks.

Headline figures (approximate, July 2026): BULL shows revenue (q1 2026 quarterly) ~$159.9 million, up 36% year over year, revenue (recent full year) ~$571 million, up 46%, registered users ~26 million+ across ~14 markets, customer assets ~$24 billion, up ~90% year over year; FUTU shows business model Technology-driven online brokerage and wealth management via Futubull and moomoo apps; US-listed ADR, account growth Full-year 2025 funded accounts up nearly 40% to about 3.37 million, still climbing in Q1 2026, client assets Total client assets rose roughly 66% year over year to around HK$1.23 trillion at end-2025, revenue growth Full-year 2025 revenue up more than 45%; Q1 2026 revenue up about 25% year over year.

BULL and FUTU are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined BULL and FUTU exposure against your real portfolio. It is not an investment adviser.