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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and Freedom Holding Corp. (FRHC). Click either name above to swap in a different company.

Acadia Healthcare Company, Inc. is the larger business by last-quarter revenue ($821.5M vs $628.6M, roughly 1.3× Freedom Holding Corp.). Freedom Holding Corp. runs the higher net margin — 12.1% vs -143.3%, a 155.5% gap on every dollar of revenue. On growth, Acadia Healthcare Company, Inc. posted the faster year-over-year revenue change (6.1% vs -4.1%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $-179.5M). Over the past eight quarters, Freedom Holding Corp.'s revenue compounded faster (16.3% CAGR vs 3.4%).

Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.

Freedom Holding Corp. is an investment conglomerate registered in Nevada, USA. The company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, banking and other consumer services. Its main area of focus is in the American stock market, as well as the markets of Europe and Central Asia, mainly Kazakhstan.

ACHC vs FRHC — Head-to-Head

Bigger by revenue
ACHC
ACHC
1.3× larger
ACHC
$821.5M
$628.6M
FRHC
Growing faster (revenue YoY)
ACHC
ACHC
+10.2% gap
ACHC
6.1%
-4.1%
FRHC
Higher net margin
FRHC
FRHC
155.5% more per $
FRHC
12.1%
-143.3%
ACHC
More free cash flow
FRHC
FRHC
$831.2M more FCF
FRHC
$651.7M
$-179.5M
ACHC
Faster 2-yr revenue CAGR
FRHC
FRHC
Annualised
FRHC
16.3%
3.4%
ACHC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ACHC
ACHC
FRHC
FRHC
Revenue
$821.5M
$628.6M
Net Profit
$-1.2B
$76.2M
Gross Margin
96.0%
Operating Margin
-142.4%
14.9%
Net Margin
-143.3%
12.1%
Revenue YoY
6.1%
-4.1%
Net Profit YoY
-3710.4%
-2.6%
EPS (diluted)
$-12.98
$1.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACHC
ACHC
FRHC
FRHC
Q4 25
$821.5M
$628.6M
Q3 25
$851.6M
$526.1M
Q2 25
$869.2M
$533.4M
Q1 25
$770.5M
$363.7M
Q4 24
$774.2M
$655.2M
Q3 24
$815.6M
$580.9M
Q2 24
$796.0M
$450.7M
Q1 24
$768.1M
$464.7M
Net Profit
ACHC
ACHC
FRHC
FRHC
Q4 25
$-1.2B
$76.2M
Q3 25
$36.2M
$38.7M
Q2 25
$30.1M
$30.4M
Q1 25
$8.4M
$-142.7M
Q4 24
$32.6M
$78.3M
Q3 24
$68.1M
$114.7M
Q2 24
$78.5M
$34.4M
Q1 24
$76.4M
$95.2M
Gross Margin
ACHC
ACHC
FRHC
FRHC
Q4 25
96.0%
Q3 25
97.1%
Q2 25
97.4%
Q1 25
96.6%
Q4 24
98.6%
Q3 24
99.1%
Q2 24
99.0%
Q1 24
Operating Margin
ACHC
ACHC
FRHC
FRHC
Q4 25
-142.4%
14.9%
Q3 25
4.7%
11.5%
Q2 25
5.8%
7.6%
Q1 25
1.7%
-42.7%
Q4 24
4.9%
15.0%
Q3 24
12.1%
22.1%
Q2 24
13.4%
9.2%
Q1 24
12.9%
22.5%
Net Margin
ACHC
ACHC
FRHC
FRHC
Q4 25
-143.3%
12.1%
Q3 25
4.3%
7.4%
Q2 25
3.5%
5.7%
Q1 25
1.1%
-39.2%
Q4 24
4.2%
11.9%
Q3 24
8.4%
19.7%
Q2 24
9.9%
7.6%
Q1 24
9.9%
20.5%
EPS (diluted)
ACHC
ACHC
FRHC
FRHC
Q4 25
$-12.98
$1.25
Q3 25
$0.40
$0.63
Q2 25
$0.33
$0.50
Q1 25
$0.09
$-2.35
Q4 24
$0.36
$1.29
Q3 24
$0.74
$1.89
Q2 24
$0.85
$0.57
Q1 24
$0.83
$1.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACHC
ACHC
FRHC
FRHC
Cash + ST InvestmentsLiquidity on hand
$133.2M
$869.2M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$1.9B
$1.4B
Total Assets
$5.5B
$12.4B
Debt / EquityLower = less leverage
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACHC
ACHC
FRHC
FRHC
Q4 25
$133.2M
$869.2M
Q3 25
$118.7M
$636.0M
Q2 25
$131.4M
$567.9M
Q1 25
$91.2M
$837.3M
Q4 24
$76.3M
$577.9M
Q3 24
$82.1M
$569.2M
Q2 24
$77.2M
$718.7M
Q1 24
$77.3M
$545.1M
Total Debt
ACHC
ACHC
FRHC
FRHC
Q4 25
$2.5B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.2B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.9B
Stockholders' Equity
ACHC
ACHC
FRHC
FRHC
Q4 25
$1.9B
$1.4B
Q3 25
$3.1B
$1.2B
Q2 25
$3.1B
$1.2B
Q1 25
$3.0B
$1.2B
Q4 24
$3.1B
$1.3B
Q3 24
$3.0B
$1.3B
Q2 24
$3.0B
$1.1B
Q1 24
$2.9B
$1.2B
Total Assets
ACHC
ACHC
FRHC
FRHC
Q4 25
$5.5B
$12.4B
Q3 25
$6.4B
$10.3B
Q2 25
$6.3B
$9.7B
Q1 25
$6.1B
$9.9B
Q4 24
$6.0B
$9.1B
Q3 24
$5.9B
$8.8B
Q2 24
$5.7B
$8.5B
Q1 24
$5.5B
$8.3B
Debt / Equity
ACHC
ACHC
FRHC
FRHC
Q4 25
1.28×
Q3 25
0.74×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.64×
Q3 24
0.62×
Q2 24
0.62×
Q1 24
0.65×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACHC
ACHC
FRHC
FRHC
Operating Cash FlowLast quarter
$-86.3M
$717.8M
Free Cash FlowOCF − Capex
$-179.5M
$651.7M
FCF MarginFCF / Revenue
-21.8%
103.7%
Capex IntensityCapex / Revenue
11.3%
10.5%
Cash ConversionOCF / Net Profit
9.42×
TTM Free Cash FlowTrailing 4 quarters
$-439.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACHC
ACHC
FRHC
FRHC
Q4 25
$-86.3M
$717.8M
Q3 25
$73.2M
$535.3M
Q2 25
$133.5M
$480.8M
Q1 25
$11.5M
$1.3B
Q4 24
$116.7M
$-72.8M
Q3 24
$163.1M
$-438.0M
Q2 24
$171.1M
$854.1M
Q1 24
$-321.3M
$309.0M
Free Cash Flow
ACHC
ACHC
FRHC
FRHC
Q4 25
$-179.5M
$651.7M
Q3 25
$-63.0M
$456.4M
Q2 25
$-34.2M
$450.0M
Q1 25
$-163.2M
Q4 24
$-86.8M
$-92.7M
Q3 24
$-27.1M
$-447.5M
Q2 24
$16.9M
$829.9M
Q1 24
$-463.7M
FCF Margin
ACHC
ACHC
FRHC
FRHC
Q4 25
-21.8%
103.7%
Q3 25
-7.4%
86.7%
Q2 25
-3.9%
84.4%
Q1 25
-21.2%
Q4 24
-11.2%
-14.1%
Q3 24
-3.3%
-77.0%
Q2 24
2.1%
184.1%
Q1 24
-60.4%
Capex Intensity
ACHC
ACHC
FRHC
FRHC
Q4 25
11.3%
10.5%
Q3 25
16.0%
15.0%
Q2 25
19.3%
5.8%
Q1 25
22.7%
Q4 24
26.3%
3.0%
Q3 24
23.3%
1.6%
Q2 24
19.4%
5.4%
Q1 24
18.5%
Cash Conversion
ACHC
ACHC
FRHC
FRHC
Q4 25
9.42×
Q3 25
2.02×
13.82×
Q2 25
4.43×
15.82×
Q1 25
1.37×
Q4 24
3.58×
-0.93×
Q3 24
2.39×
-3.82×
Q2 24
2.18×
24.83×
Q1 24
-4.21×
3.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACHC
ACHC

Acute Inpatient Psychiatric Facilities$451.2M55%
Comprehensive Treatment Centers$144.2M18%
Medicare$113.7M14%
Residential Treatment Centers$89.7M11%
Self Payor$16.1M2%
Other Payor$10.7M1%

FRHC
FRHC

Segment breakdown not available.

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