What are Freedom Holding's profit margins?

Freedom Holding (FRHC) runs a 96.4% gross margin and a -28.0% operating margin, with a 7.0% net margin.

Where do Freedom Holding's ratios come from?

Every ratio is computed from Freedom Holding's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Freedom Holding FRHC Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q4 '26	Q3 '26	Q2 '26	Q1 '26	Q4 '25
Profitability
Gross margin	96.4%-2.1pp	96.6%+0.7pp	97.5%+2.1pp	98%+4.4pp	98.4%-0.5pp
Net margin	7%—	——	——	——	——
EBITDA margin	34.2%—	——	——	——	——
Free cash flow margin	-0.6%—	144.4%—	——	——	——
Returns
Return on equity	11.3%—	——	——	——	——
Return on assets	1.3%—	——	——	——	——
Efficiency
Asset turnover	0.2×0.0×	0.2×-0.1×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-1.2×—	——	——	——	——
Interest coverage	1.5×—	——	——	——	——
Per Share
Book value per share	$24.37+20.4%	$22.82+9.7%	$19.98-4.1%	$20.13+5.6%	$20.24+3.3%
Valuation
Market capitalization	$8.87B+10.6%	$7.44B-6.1%	$10.54B+83.1%	$8.89B+94.4%	$8.01B+90.3%
Enterprise value	$7.95B+24.0%	$3.97B-40.2%	$8.63B+99.3%	$7.26B+168%	$6.41B+97.9%
Price / earnings	57.8×—	——	——	——	——
Price / sales	4×0.0×	3.7×+0.1×	5.2×+2.2×	4.3×+1.7×	4×+1.4×
Price / book	6×-0.6×	5.3×-1.0×	8.6×+4.1×	7.2×+3.3×	6.5×+2.9×
EV / EBITDA	10.6×—	——	——	——	——
EV / sales	3.6×+0.4×	2×-1.0×	4.3×+2.0×	3.5×+2.0×	3.2×+1.2×
Free cash flow yield	-0.2%—	38.5%—	——	——	——
Earnings yield	1.7%—	——	——	——	——

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Questions, answered.

What are Freedom Holding's profit margins?: Freedom Holding (FRHC) runs a 96.4% gross margin and a -28.0% operating margin, with a 7.0% net margin.
Where do Freedom Holding's ratios come from?: Every ratio is computed from Freedom Holding's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.