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Side-by-side financial comparison of Alpha Metallurgical Resources, Inc. (AMR) and Freedom Holding Corp. (FRHC). Click either name above to swap in a different company.

Freedom Holding Corp. is the larger business by last-quarter revenue ($628.6M vs $519.1M, roughly 1.2× Alpha Metallurgical Resources, Inc.). Freedom Holding Corp. runs the higher net margin — 12.1% vs -3.3%, a 15.5% gap on every dollar of revenue. On growth, Freedom Holding Corp. posted the faster year-over-year revenue change (-4.1% vs -15.7%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $-10.0M). Over the past eight quarters, Freedom Holding Corp.'s revenue compounded faster (16.3% CAGR vs -22.4%).

Alpha Metallurgical Resources, formerly Contura Energy, is a leading coal supplier with underground and surface coal mining complexes across Northern and Central Appalachia. Contura owns large coal basins in Pennsylvania, Virginia and West Virginia which supply both metallurgical coal to produce steel and thermal coal to generate power.

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.

AMR vs FRHC — Head-to-Head

Bigger by revenue
FRHC
FRHC
1.2× larger
FRHC
$628.6M
$519.1M
AMR
Growing faster (revenue YoY)
FRHC
FRHC
+11.6% gap
FRHC
-4.1%
-15.7%
AMR
Higher net margin
FRHC
FRHC
15.5% more per $
FRHC
12.1%
-3.3%
AMR
More free cash flow
FRHC
FRHC
$661.7M more FCF
FRHC
$651.7M
$-10.0M
AMR
Faster 2-yr revenue CAGR
FRHC
FRHC
Annualised
FRHC
16.3%
-22.4%
AMR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AMR
AMR
FRHC
FRHC
Revenue
$519.1M
$628.6M
Net Profit
$-17.3M
$76.2M
Gross Margin
96.0%
Operating Margin
-4.1%
14.9%
Net Margin
-3.3%
12.1%
Revenue YoY
-15.7%
-4.1%
Net Profit YoY
-711.2%
-2.6%
EPS (diluted)
$-1.35
$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
AMR
AMR
FRHC
FRHC
Q4 25
$519.1M
$628.6M
Q3 25
$525.2M
$526.1M
Q2 25
$548.7M
$533.4M
Q1 25
$529.7M
$363.7M
Q4 24
$615.4M
$655.2M
Q3 24
$669.8M
$580.9M
Q2 24
$800.1M
$450.7M
Q1 24
$861.3M
$464.7M
Net Profit
AMR
AMR
FRHC
FRHC
Q4 25
$-17.3M
$76.2M
Q3 25
$-5.5M
$38.7M
Q2 25
$-5.0M
$30.4M
Q1 25
$-33.9M
$-142.7M
Q4 24
$-2.1M
$78.3M
Q3 24
$3.8M
$114.7M
Q2 24
$58.9M
$34.4M
Q1 24
$127.0M
$95.2M
Gross Margin
AMR
AMR
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
AMR
AMR
FRHC
FRHC
Q4 25
-4.1%
14.9%
Q3 25
-0.5%
11.5%
Q2 25
0.5%
7.6%
Q1 25
-7.6%
-42.7%
Q4 24
1.6%
15.0%
Q3 24
0.8%
22.1%
Q2 24
8.8%
9.2%
Q1 24
16.5%
22.5%
Net Margin
AMR
AMR
FRHC
FRHC
Q4 25
-3.3%
12.1%
Q3 25
-1.1%
7.4%
Q2 25
-0.9%
5.7%
Q1 25
-6.4%
-39.2%
Q4 24
-0.3%
11.9%
Q3 24
0.6%
19.7%
Q2 24
7.4%
7.6%
Q1 24
14.7%
20.5%
EPS (diluted)
AMR
AMR
FRHC
FRHC
Q4 25
$-1.35
$1.25
Q3 25
$-0.42
$0.63
Q2 25
$-0.38
$0.50
Q1 25
$-2.60
$-2.35
Q4 24
$-0.09
$1.29
Q3 24
$0.29
$1.89
Q2 24
$4.49
$0.57
Q1 24
$9.59
$1.60

Balance Sheet & Financial Strength

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

Metric
AMR
AMR
FRHC
FRHC
Cash + ST InvestmentsLiquidity on hand
$415.6M
$869.2M
Total DebtLower is stronger
$9.8M
Stockholders' EquityBook value
$1.5B
$1.4B
Total Assets
$2.3B
$12.4B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMR
AMR
FRHC
FRHC
Q4 25
$415.6M
$869.2M
Q3 25
$457.9M
$636.0M
Q2 25
$449.0M
$567.9M
Q1 25
$448.0M
$837.3M
Q4 24
$481.6M
$577.9M
Q3 24
$484.6M
$569.2M
Q2 24
$336.1M
$718.7M
Q1 24
$269.4M
$545.1M
Total Debt
AMR
AMR
FRHC
FRHC
Q4 25
$9.8M
Q3 25
$2.9M
Q2 25
$3.1M
Q1 25
$2.4M
Q4 24
$2.9M
Q3 24
$3.6M
Q2 24
$5.3M
Q1 24
$6.0M
Stockholders' Equity
AMR
AMR
FRHC
FRHC
Q4 25
$1.5B
$1.4B
Q3 25
$1.6B
$1.2B
Q2 25
$1.6B
$1.2B
Q1 25
$1.6B
$1.2B
Q4 24
$1.6B
$1.3B
Q3 24
$1.7B
$1.3B
Q2 24
$1.6B
$1.1B
Q1 24
$1.6B
$1.2B
Total Assets
AMR
AMR
FRHC
FRHC
Q4 25
$2.3B
$12.4B
Q3 25
$2.3B
$10.3B
Q2 25
$2.4B
$9.7B
Q1 25
$2.4B
$9.9B
Q4 24
$2.4B
$9.1B
Q3 24
$2.5B
$8.8B
Q2 24
$2.5B
$8.5B
Q1 24
$2.5B
$8.3B
Debt / Equity
AMR
AMR
FRHC
FRHC
Q4 25
0.01×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
AMR
AMR
FRHC
FRHC
Operating Cash FlowLast quarter
$19.0M
$717.8M
Free Cash FlowOCF − Capex
$-10.0M
$651.7M
FCF MarginFCF / Revenue
-1.9%
103.7%
Capex IntensityCapex / Revenue
5.6%
10.5%
Cash ConversionOCF / Net Profit
9.42×
TTM Free Cash FlowTrailing 4 quarters
$17.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMR
AMR
FRHC
FRHC
Q4 25
$19.0M
$717.8M
Q3 25
$50.5M
$535.3M
Q2 25
$53.2M
$480.8M
Q1 25
$22.2M
$1.3B
Q4 24
$56.3M
$-72.8M
Q3 24
$189.5M
$-438.0M
Q2 24
$138.1M
$854.1M
Q1 24
$196.1M
$309.0M
Free Cash Flow
AMR
AMR
FRHC
FRHC
Q4 25
$-10.0M
$651.7M
Q3 25
$25.4M
$456.4M
Q2 25
$18.6M
$450.0M
Q1 25
$-16.3M
Q4 24
$13.6M
$-92.7M
Q3 24
$158.0M
$-447.5M
Q2 24
$77.0M
$829.9M
Q1 24
$132.5M
FCF Margin
AMR
AMR
FRHC
FRHC
Q4 25
-1.9%
103.7%
Q3 25
4.8%
86.7%
Q2 25
3.4%
84.4%
Q1 25
-3.1%
Q4 24
2.2%
-14.1%
Q3 24
23.6%
-77.0%
Q2 24
9.6%
184.1%
Q1 24
15.4%
Capex Intensity
AMR
AMR
FRHC
FRHC
Q4 25
5.6%
10.5%
Q3 25
4.8%
15.0%
Q2 25
6.3%
5.8%
Q1 25
7.3%
Q4 24
6.9%
3.0%
Q3 24
4.7%
1.6%
Q2 24
7.6%
5.4%
Q1 24
7.4%
Cash Conversion
AMR
AMR
FRHC
FRHC
Q4 25
9.42×
Q3 25
13.82×
Q2 25
15.82×
Q1 25
Q4 24
-0.93×
Q3 24
49.81×
-3.82×
Q2 24
2.34×
24.83×
Q1 24
1.54×
3.24×

Financial Flow Comparison

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

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