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Side-by-side financial comparison of ATI INC (ATI) and Freedom Holding Corp. (FRHC). Click either name above to swap in a different company.

ATI INC is the larger business by last-quarter revenue ($1.2B vs $628.6M, roughly 1.8× Freedom Holding Corp.). Freedom Holding Corp. runs the higher net margin — 12.1% vs 10.3%, a 1.9% gap on every dollar of revenue. On growth, ATI INC posted the faster year-over-year revenue change (0.6% vs -4.1%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $74.6M). Over the past eight quarters, Freedom Holding Corp.'s revenue compounded faster (16.3% CAGR vs 2.5%).

ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...

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.

ATI vs FRHC — Head-to-Head

Bigger by revenue
ATI
ATI
1.8× larger
ATI
$1.2B
$628.6M
FRHC
Growing faster (revenue YoY)
ATI
ATI
+4.7% gap
ATI
0.6%
-4.1%
FRHC
Higher net margin
FRHC
FRHC
1.9% more per $
FRHC
12.1%
10.3%
ATI
More free cash flow
FRHC
FRHC
$577.1M more FCF
FRHC
$651.7M
$74.6M
ATI
Faster 2-yr revenue CAGR
FRHC
FRHC
Annualised
FRHC
16.3%
2.5%
ATI

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ATI
ATI
FRHC
FRHC
Revenue
$1.2B
$628.6M
Net Profit
$118.2M
$76.2M
Gross Margin
22.8%
96.0%
Operating Margin
14.2%
14.9%
Net Margin
10.3%
12.1%
Revenue YoY
0.6%
-4.1%
Net Profit YoY
21.9%
-2.6%
EPS (diluted)
$0.85
$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
ATI
ATI
FRHC
FRHC
Q1 26
$1.2B
Q4 25
$1.2B
$628.6M
Q3 25
$1.1B
$526.1M
Q2 25
$1.1B
$533.4M
Q1 25
$1.1B
$363.7M
Q4 24
$1.2B
$655.2M
Q3 24
$1.1B
$580.9M
Q2 24
$1.1B
$450.7M
Net Profit
ATI
ATI
FRHC
FRHC
Q1 26
$118.2M
Q4 25
$96.6M
$76.2M
Q3 25
$110.0M
$38.7M
Q2 25
$100.7M
$30.4M
Q1 25
$97.0M
$-142.7M
Q4 24
$137.1M
$78.3M
Q3 24
$82.7M
$114.7M
Q2 24
$81.9M
$34.4M
Gross Margin
ATI
ATI
FRHC
FRHC
Q1 26
22.8%
Q4 25
23.2%
96.0%
Q3 25
22.7%
97.1%
Q2 25
21.3%
97.4%
Q1 25
20.6%
96.6%
Q4 24
21.2%
98.6%
Q3 24
21.4%
99.1%
Q2 24
20.8%
99.0%
Operating Margin
ATI
ATI
FRHC
FRHC
Q1 26
14.2%
Q4 25
14.5%
14.9%
Q3 25
14.4%
11.5%
Q2 25
14.1%
7.6%
Q1 25
12.8%
-42.7%
Q4 24
17.8%
15.0%
Q3 24
13.5%
22.1%
Q2 24
13.0%
9.2%
Net Margin
ATI
ATI
FRHC
FRHC
Q1 26
10.3%
Q4 25
8.2%
12.1%
Q3 25
9.8%
7.4%
Q2 25
8.8%
5.7%
Q1 25
8.5%
-39.2%
Q4 24
11.7%
11.9%
Q3 24
7.9%
19.7%
Q2 24
7.5%
7.6%
EPS (diluted)
ATI
ATI
FRHC
FRHC
Q1 26
$0.85
Q4 25
$0.70
$1.25
Q3 25
$0.78
$0.63
Q2 25
$0.70
$0.50
Q1 25
$0.67
$-2.35
Q4 24
$0.94
$1.29
Q3 24
$0.57
$1.89
Q2 24
$0.58
$0.57

Balance Sheet & Financial Strength

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

Metric
ATI
ATI
FRHC
FRHC
Cash + ST InvestmentsLiquidity on hand
$401.7M
$869.2M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$1.9B
$1.4B
Total Assets
$5.2B
$12.4B
Debt / EquityLower = less leverage
0.95×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATI
ATI
FRHC
FRHC
Q1 26
$401.7M
Q4 25
$416.7M
$869.2M
Q3 25
$372.2M
$636.0M
Q2 25
$319.6M
$567.9M
Q1 25
$475.8M
$837.3M
Q4 24
$721.2M
$577.9M
Q3 24
$406.6M
$569.2M
Q2 24
$425.6M
$718.7M
Total Debt
ATI
ATI
FRHC
FRHC
Q1 26
$1.8B
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.9B
Q2 24
$1.9B
Stockholders' Equity
ATI
ATI
FRHC
FRHC
Q1 26
$1.9B
Q4 25
$1.8B
$1.4B
Q3 25
$1.7B
$1.2B
Q2 25
$1.7B
$1.2B
Q1 25
$1.9B
$1.2B
Q4 24
$1.9B
$1.3B
Q3 24
$1.8B
$1.3B
Q2 24
$1.4B
$1.1B
Total Assets
ATI
ATI
FRHC
FRHC
Q1 26
$5.2B
Q4 25
$5.1B
$12.4B
Q3 25
$5.0B
$10.3B
Q2 25
$5.0B
$9.7B
Q1 25
$5.2B
$9.9B
Q4 24
$5.2B
$9.1B
Q3 24
$5.1B
$8.8B
Q2 24
$4.9B
$8.5B
Debt / Equity
ATI
ATI
FRHC
FRHC
Q1 26
0.95×
Q4 25
0.95×
Q3 25
1.00×
Q2 25
0.98×
Q1 25
0.91×
Q4 24
0.93×
Q3 24
1.04×
Q2 24
1.37×

Cash Flow & Capital Efficiency

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

Metric
ATI
ATI
FRHC
FRHC
Operating Cash FlowLast quarter
$717.8M
Free Cash FlowOCF − Capex
$74.6M
$651.7M
FCF MarginFCF / Revenue
6.5%
103.7%
Capex IntensityCapex / Revenue
10.5%
Cash ConversionOCF / Net Profit
9.42×
TTM Free Cash FlowTrailing 4 quarters
$554.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATI
ATI
FRHC
FRHC
Q1 26
Q4 25
$315.8M
$717.8M
Q3 25
$229.5M
$535.3M
Q2 25
$161.5M
$480.8M
Q1 25
$-92.5M
$1.3B
Q4 24
$380.9M
$-72.8M
Q3 24
$24.0M
$-438.0M
Q2 24
$101.1M
$854.1M
Free Cash Flow
ATI
ATI
FRHC
FRHC
Q1 26
$74.6M
Q4 25
$223.1M
$651.7M
Q3 25
$167.0M
$456.4M
Q2 25
$89.4M
$450.0M
Q1 25
$-145.8M
Q4 24
$333.6M
$-92.7M
Q3 24
$-41.8M
$-447.5M
Q2 24
$40.9M
$829.9M
FCF Margin
ATI
ATI
FRHC
FRHC
Q1 26
6.5%
Q4 25
19.0%
103.7%
Q3 25
14.8%
86.7%
Q2 25
7.8%
84.4%
Q1 25
-12.7%
Q4 24
28.4%
-14.1%
Q3 24
-4.0%
-77.0%
Q2 24
3.7%
184.1%
Capex Intensity
ATI
ATI
FRHC
FRHC
Q1 26
Q4 25
7.9%
10.5%
Q3 25
5.6%
15.0%
Q2 25
6.3%
5.8%
Q1 25
4.7%
Q4 24
4.0%
3.0%
Q3 24
6.3%
1.6%
Q2 24
5.5%
5.4%
Cash Conversion
ATI
ATI
FRHC
FRHC
Q1 26
Q4 25
3.27×
9.42×
Q3 25
2.09×
13.82×
Q2 25
1.60×
15.82×
Q1 25
-0.95×
Q4 24
2.78×
-0.93×
Q3 24
0.29×
-3.82×
Q2 24
1.23×
24.83×

Financial Flow Comparison

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

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