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Side-by-side financial comparison of Archrock, Inc. (AROC) 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 $377.1M, roughly 1.7× Archrock, Inc.). Archrock, Inc. runs the higher net margin — 31.0% vs 12.1%, a 18.8% gap on every dollar of revenue. On growth, Archrock, Inc. posted the faster year-over-year revenue change (15.5% vs -4.1%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $126.7M). Over the past eight quarters, Archrock, Inc.'s revenue compounded faster (18.5% CAGR vs 16.3%).

Archrock, Inc. is a leading provider of natural gas compression services and equipment solutions for the North American oil and gas sector. Its core offerings include compression system rental, maintenance, aftermarket support, and sales, serving upstream production, midstream transportation and natural gas processing segments.

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.

AROC vs FRHC — Head-to-Head

Bigger by revenue
FRHC
FRHC
1.7× larger
FRHC
$628.6M
$377.1M
AROC
Growing faster (revenue YoY)
AROC
AROC
+19.6% gap
AROC
15.5%
-4.1%
FRHC
Higher net margin
AROC
AROC
18.8% more per $
AROC
31.0%
12.1%
FRHC
More free cash flow
FRHC
FRHC
$525.0M more FCF
FRHC
$651.7M
$126.7M
AROC
Faster 2-yr revenue CAGR
AROC
AROC
Annualised
AROC
18.5%
16.3%
FRHC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AROC
AROC
FRHC
FRHC
Revenue
$377.1M
$628.6M
Net Profit
$116.8M
$76.2M
Gross Margin
53.0%
96.0%
Operating Margin
39.4%
14.9%
Net Margin
31.0%
12.1%
Revenue YoY
15.5%
-4.1%
Net Profit YoY
95.4%
-2.6%
EPS (diluted)
$0.67
$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
AROC
AROC
FRHC
FRHC
Q4 25
$377.1M
$628.6M
Q3 25
$382.4M
$526.1M
Q2 25
$383.2M
$533.4M
Q1 25
$347.2M
$363.7M
Q4 24
$326.4M
$655.2M
Q3 24
$292.2M
$580.9M
Q2 24
$270.5M
$450.7M
Q1 24
$268.5M
$464.7M
Net Profit
AROC
AROC
FRHC
FRHC
Q4 25
$116.8M
$76.2M
Q3 25
$71.2M
$38.7M
Q2 25
$63.4M
$30.4M
Q1 25
$70.8M
$-142.7M
Q4 24
$59.8M
$78.3M
Q3 24
$37.5M
$114.7M
Q2 24
$34.4M
$34.4M
Q1 24
$40.5M
$95.2M
Gross Margin
AROC
AROC
FRHC
FRHC
Q4 25
53.0%
96.0%
Q3 25
48.5%
97.1%
Q2 25
45.4%
97.4%
Q1 25
47.4%
96.6%
Q4 24
46.3%
98.6%
Q3 24
44.4%
99.1%
Q2 24
41.5%
99.0%
Q1 24
42.1%
Operating Margin
AROC
AROC
FRHC
FRHC
Q4 25
39.4%
14.9%
Q3 25
25.3%
11.5%
Q2 25
22.5%
7.6%
Q1 25
26.5%
-42.7%
Q4 24
24.0%
15.0%
Q3 24
18.1%
22.1%
Q2 24
17.6%
9.2%
Q1 24
20.0%
22.5%
Net Margin
AROC
AROC
FRHC
FRHC
Q4 25
31.0%
12.1%
Q3 25
18.6%
7.4%
Q2 25
16.6%
5.7%
Q1 25
20.4%
-39.2%
Q4 24
18.3%
11.9%
Q3 24
12.8%
19.7%
Q2 24
12.7%
7.6%
Q1 24
15.1%
20.5%
EPS (diluted)
AROC
AROC
FRHC
FRHC
Q4 25
$0.67
$1.25
Q3 25
$0.40
$0.63
Q2 25
$0.36
$0.50
Q1 25
$0.40
$-2.35
Q4 24
$0.35
$1.29
Q3 24
$0.22
$1.89
Q2 24
$0.22
$0.57
Q1 24
$0.26
$1.60

Balance Sheet & Financial Strength

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

Metric
AROC
AROC
FRHC
FRHC
Cash + ST InvestmentsLiquidity on hand
$1.6M
$869.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.4B
Total Assets
$4.3B
$12.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AROC
AROC
FRHC
FRHC
Q4 25
$1.6M
$869.2M
Q3 25
$4.1M
$636.0M
Q2 25
$5.9M
$567.9M
Q1 25
$4.8M
$837.3M
Q4 24
$4.4M
$577.9M
Q3 24
$3.7M
$569.2M
Q2 24
$919.0K
$718.7M
Q1 24
$1.2M
$545.1M
Stockholders' Equity
AROC
AROC
FRHC
FRHC
Q4 25
$1.5B
$1.4B
Q3 25
$1.4B
$1.2B
Q2 25
$1.4B
$1.2B
Q1 25
$1.3B
$1.2B
Q4 24
$1.3B
$1.3B
Q3 24
$1.3B
$1.3B
Q2 24
$894.5M
$1.1B
Q1 24
$882.1M
$1.2B
Total Assets
AROC
AROC
FRHC
FRHC
Q4 25
$4.3B
$12.4B
Q3 25
$4.4B
$10.3B
Q2 25
$4.4B
$9.7B
Q1 25
$4.0B
$9.9B
Q4 24
$3.8B
$9.1B
Q3 24
$3.8B
$8.8B
Q2 24
$2.7B
$8.5B
Q1 24
$2.7B
$8.3B

Cash Flow & Capital Efficiency

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

Metric
AROC
AROC
FRHC
FRHC
Operating Cash FlowLast quarter
$214.5M
$717.8M
Free Cash FlowOCF − Capex
$126.7M
$651.7M
FCF MarginFCF / Revenue
33.6%
103.7%
Capex IntensityCapex / Revenue
23.3%
10.5%
Cash ConversionOCF / Net Profit
1.84×
9.42×
TTM Free Cash FlowTrailing 4 quarters
$119.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AROC
AROC
FRHC
FRHC
Q4 25
$214.5M
$717.8M
Q3 25
$164.5M
$535.3M
Q2 25
$127.5M
$480.8M
Q1 25
$115.6M
$1.3B
Q4 24
$124.3M
$-72.8M
Q3 24
$96.9M
$-438.0M
Q2 24
$70.7M
$854.1M
Q1 24
$137.7M
$309.0M
Free Cash Flow
AROC
AROC
FRHC
FRHC
Q4 25
$126.7M
$651.7M
Q3 25
$29.5M
$456.4M
Q2 25
$16.0M
$450.0M
Q1 25
$-52.5M
Q4 24
$26.4M
$-92.7M
Q3 24
$26.9M
$-447.5M
Q2 24
$-20.6M
$829.9M
Q1 24
$37.9M
FCF Margin
AROC
AROC
FRHC
FRHC
Q4 25
33.6%
103.7%
Q3 25
7.7%
86.7%
Q2 25
4.2%
84.4%
Q1 25
-15.1%
Q4 24
8.1%
-14.1%
Q3 24
9.2%
-77.0%
Q2 24
-7.6%
184.1%
Q1 24
14.1%
Capex Intensity
AROC
AROC
FRHC
FRHC
Q4 25
23.3%
10.5%
Q3 25
35.3%
15.0%
Q2 25
29.1%
5.8%
Q1 25
48.4%
Q4 24
30.0%
3.0%
Q3 24
24.0%
1.6%
Q2 24
33.7%
5.4%
Q1 24
37.2%
Cash Conversion
AROC
AROC
FRHC
FRHC
Q4 25
1.84×
9.42×
Q3 25
2.31×
13.82×
Q2 25
2.01×
15.82×
Q1 25
1.63×
Q4 24
2.08×
-0.93×
Q3 24
2.58×
-3.82×
Q2 24
2.05×
24.83×
Q1 24
3.40×
3.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AROC
AROC

Horsepower Group Three$112.6M30%
Horsepower Group Two$108.5M29%
Horsepower Group One$105.9M28%
Services$32.9M9%
Over Counter Parts And Component Sales$17.0M5%
Transferred At Point In Time$1.4M0%

FRHC
FRHC

Segment breakdown not available.

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