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

Simplified Detailed

	FY'26	FY'25	FY'24	FY'23
Profitability
Gross margin	96.4%-2.1pp	98.4%-0.5pp	98.9%-1.1pp	100%—
Net margin	7%—	——	23%-2.7pp	25.7%—
EBITDA margin	34.2%—	——	58%+1.6pp	56.3%-6.9pp
Free cash flow margin	-0.6%—	——	——	——
Returns
Return on equity	11.3%—	——	39.1%+8.2pp	30.8%—
Return on assets	1.3%—	——	5.7%+0.7pp	4.9%—
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×+0.1×	0.2×-0.1×
Leverage
Debt-to-equity	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×
Net debt / EBITDA	-1.2×—	——	-1×+1.2×	-2.2×-1.7×
Interest coverage	1.5×—	——	1.9×-0.3×	2.1×-3.5×
Per Share
Book value per share	$24.37+20.4%	$20.24+3.3%	$19.60+50.1%	$13.06+40.1%
Valuation
Market capitalization	$8.87B+10.6%	$8.01B+90.3%	$4.21B-1.6%	$4.28B+20.6%
Enterprise value	$7.95B+24.0%	$6.41B+97.9%	$3.24B-1.3%	$3.28B-1.7%
Price / earnings	57.8×—	——	11.1×-9.8×	20.9×—
Price / sales	4×0.0×	4×+1.4×	2.6×-2.8×	5.4×+0.4×
Price / book	6×-0.6×	6.5×+2.9×	3.6×-1.9×	5.5×-0.9×
EV / EBITDA	10.6×—	——	3.4×-3.9×	7.3×-0.1×
EV / sales	3.6×+0.4×	3.2×+1.2×	2×-2.1×	4.1×-0.6×
Free cash flow yield	-0.2%—	——	——	——
Earnings yield	1.7%—	——	9%+4.2pp	4.8%—

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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.