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Side-by-side financial comparison of ASTEC INDUSTRIES INC (ASTE) 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 $400.6M, roughly 1.6× ASTEC INDUSTRIES INC). Freedom Holding Corp. runs the higher net margin — 12.1% vs 3.0%, a 9.1% gap on every dollar of revenue. On growth, ASTEC INDUSTRIES INC posted the faster year-over-year revenue change (11.6% vs -4.1%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $7.4M). Over the past eight quarters, Freedom Holding Corp.'s revenue compounded faster (16.3% CAGR vs 13.8%).

Astec International plc, better known as Astec Power or just Astec, was an international electronics company originally based in Hong Kong that manufactured power supply units and electric power conversion hardware. It was a major vendor of power supply units for computer systems, and for a time it was the largest global manufacturer of power supplies.

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.

ASTE vs FRHC — Head-to-Head

Bigger by revenue
FRHC
FRHC
1.6× larger
FRHC
$628.6M
$400.6M
ASTE
Growing faster (revenue YoY)
ASTE
ASTE
+15.6% gap
ASTE
11.6%
-4.1%
FRHC
Higher net margin
FRHC
FRHC
9.1% more per $
FRHC
12.1%
3.0%
ASTE
More free cash flow
FRHC
FRHC
$644.3M more FCF
FRHC
$651.7M
$7.4M
ASTE
Faster 2-yr revenue CAGR
FRHC
FRHC
Annualised
FRHC
16.3%
13.8%
ASTE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ASTE
ASTE
FRHC
FRHC
Revenue
$400.6M
$628.6M
Net Profit
$12.0M
$76.2M
Gross Margin
27.3%
96.0%
Operating Margin
5.7%
14.9%
Net Margin
3.0%
12.1%
Revenue YoY
11.6%
-4.1%
Net Profit YoY
-43.1%
-2.6%
EPS (diluted)
$0.52
$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
ASTE
ASTE
FRHC
FRHC
Q4 25
$400.6M
$628.6M
Q3 25
$350.1M
$526.1M
Q2 25
$330.3M
$533.4M
Q1 25
$329.4M
$363.7M
Q4 24
$359.0M
$655.2M
Q3 24
$291.4M
$580.9M
Q2 24
$345.5M
$450.7M
Q1 24
$309.2M
$464.7M
Net Profit
ASTE
ASTE
FRHC
FRHC
Q4 25
$12.0M
$76.2M
Q3 25
$-4.2M
$38.7M
Q2 25
$16.7M
$30.4M
Q1 25
$14.3M
$-142.7M
Q4 24
$21.1M
$78.3M
Q3 24
$-6.2M
$114.7M
Q2 24
$-14.0M
$34.4M
Q1 24
$3.4M
$95.2M
Gross Margin
ASTE
ASTE
FRHC
FRHC
Q4 25
27.3%
96.0%
Q3 25
24.1%
97.1%
Q2 25
26.7%
97.4%
Q1 25
28.1%
96.6%
Q4 24
28.7%
98.6%
Q3 24
22.9%
99.1%
Q2 24
23.5%
99.0%
Q1 24
24.9%
Operating Margin
ASTE
ASTE
FRHC
FRHC
Q4 25
5.7%
14.9%
Q3 25
0.3%
11.5%
Q2 25
6.5%
7.6%
Q1 25
6.2%
-42.7%
Q4 24
9.7%
15.0%
Q3 24
-2.5%
22.1%
Q2 24
-3.1%
9.2%
Q1 24
2.0%
22.5%
Net Margin
ASTE
ASTE
FRHC
FRHC
Q4 25
3.0%
12.1%
Q3 25
-1.2%
7.4%
Q2 25
5.1%
5.7%
Q1 25
4.3%
-39.2%
Q4 24
5.9%
11.9%
Q3 24
-2.1%
19.7%
Q2 24
-4.1%
7.6%
Q1 24
1.1%
20.5%
EPS (diluted)
ASTE
ASTE
FRHC
FRHC
Q4 25
$0.52
$1.25
Q3 25
$-0.18
$0.63
Q2 25
$0.72
$0.50
Q1 25
$0.62
$-2.35
Q4 24
$0.92
$1.29
Q3 24
$-0.27
$1.89
Q2 24
$-0.61
$0.57
Q1 24
$0.15
$1.60

Balance Sheet & Financial Strength

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

Metric
ASTE
ASTE
FRHC
FRHC
Cash + ST InvestmentsLiquidity on hand
$74.1M
$869.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$681.7M
$1.4B
Total Assets
$1.4B
$12.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTE
ASTE
FRHC
FRHC
Q4 25
$74.1M
$869.2M
Q3 25
$71.8M
$636.0M
Q2 25
$91.6M
$567.9M
Q1 25
$95.4M
$837.3M
Q4 24
$93.8M
$577.9M
Q3 24
$58.9M
$569.2M
Q2 24
$68.4M
$718.7M
Q1 24
$63.8M
$545.1M
Stockholders' Equity
ASTE
ASTE
FRHC
FRHC
Q4 25
$681.7M
$1.4B
Q3 25
$668.9M
$1.2B
Q2 25
$674.9M
$1.2B
Q1 25
$653.2M
$1.2B
Q4 24
$637.8M
$1.3B
Q3 24
$631.4M
$1.3B
Q2 24
$633.3M
$1.1B
Q1 24
$650.3M
$1.2B
Total Assets
ASTE
ASTE
FRHC
FRHC
Q4 25
$1.4B
$12.4B
Q3 25
$1.3B
$10.3B
Q2 25
$1.1B
$9.7B
Q1 25
$1.1B
$9.9B
Q4 24
$1.0B
$9.1B
Q3 24
$1.1B
$8.8B
Q2 24
$1.1B
$8.5B
Q1 24
$1.1B
$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
ASTE
ASTE
FRHC
FRHC
Operating Cash FlowLast quarter
$36.1M
$717.8M
Free Cash FlowOCF − Capex
$7.4M
$651.7M
FCF MarginFCF / Revenue
1.8%
103.7%
Capex IntensityCapex / Revenue
7.2%
10.5%
Cash ConversionOCF / Net Profit
3.01×
9.42×
TTM Free Cash FlowTrailing 4 quarters
$20.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTE
ASTE
FRHC
FRHC
Q4 25
$36.1M
$717.8M
Q3 25
$-8.1M
$535.3M
Q2 25
$12.9M
$480.8M
Q1 25
$20.5M
$1.3B
Q4 24
$36.6M
$-72.8M
Q3 24
$22.5M
$-438.0M
Q2 24
$10.9M
$854.1M
Q1 24
$-47.0M
$309.0M
Free Cash Flow
ASTE
ASTE
FRHC
FRHC
Q4 25
$7.4M
$651.7M
Q3 25
$-12.3M
$456.4M
Q2 25
$9.0M
$450.0M
Q1 25
$16.6M
Q4 24
$32.1M
$-92.7M
Q3 24
$19.9M
$-447.5M
Q2 24
$3.3M
$829.9M
Q1 24
$-52.8M
FCF Margin
ASTE
ASTE
FRHC
FRHC
Q4 25
1.8%
103.7%
Q3 25
-3.5%
86.7%
Q2 25
2.7%
84.4%
Q1 25
5.0%
Q4 24
8.9%
-14.1%
Q3 24
6.8%
-77.0%
Q2 24
1.0%
184.1%
Q1 24
-17.1%
Capex Intensity
ASTE
ASTE
FRHC
FRHC
Q4 25
7.2%
10.5%
Q3 25
1.2%
15.0%
Q2 25
1.2%
5.8%
Q1 25
1.2%
Q4 24
1.3%
3.0%
Q3 24
0.9%
1.6%
Q2 24
2.2%
5.4%
Q1 24
1.9%
Cash Conversion
ASTE
ASTE
FRHC
FRHC
Q4 25
3.01×
9.42×
Q3 25
13.82×
Q2 25
0.77×
15.82×
Q1 25
1.43×
Q4 24
1.73×
-0.93×
Q3 24
-3.82×
Q2 24
24.83×
Q1 24
-13.82×
3.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASTE
ASTE

Infrastructure Group$208.7M52%
Material Solutions$105.3M26%
Parts And Component Sales$58.3M15%
Other$15.3M4%
Service And Equipment Installation Revenue$6.9M2%
Cargo And Freight$6.1M2%

FRHC
FRHC

Segment breakdown not available.

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