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

Envista Holdings Corp is the larger business by last-quarter revenue ($750.6M vs $628.6M, roughly 1.2× Freedom Holding Corp.). Freedom Holding Corp. runs the higher net margin — 12.1% vs 4.4%, a 7.7% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs -4.1%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $91.7M). Over the past eight quarters, Freedom Holding Corp.'s revenue compounded faster (16.3% CAGR vs 9.7%).

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.

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

FRHC vs NVST — Head-to-Head

Bigger by revenue
NVST
NVST
1.2× larger
NVST
$750.6M
$628.6M
FRHC
Growing faster (revenue YoY)
NVST
NVST
+19.0% gap
NVST
15.0%
-4.1%
FRHC
Higher net margin
FRHC
FRHC
7.7% more per $
FRHC
12.1%
4.4%
NVST
More free cash flow
FRHC
FRHC
$560.0M more FCF
FRHC
$651.7M
$91.7M
NVST
Faster 2-yr revenue CAGR
FRHC
FRHC
Annualised
FRHC
16.3%
9.7%
NVST

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
FRHC
FRHC
NVST
NVST
Revenue
$628.6M
$750.6M
Net Profit
$76.2M
$32.9M
Gross Margin
96.0%
54.7%
Operating Margin
14.9%
9.8%
Net Margin
12.1%
4.4%
Revenue YoY
-4.1%
15.0%
Net Profit YoY
-2.6%
2641.7%
EPS (diluted)
$1.25
$0.20

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
FRHC
FRHC
NVST
NVST
Q4 25
$628.6M
$750.6M
Q3 25
$526.1M
$669.9M
Q2 25
$533.4M
$682.1M
Q1 25
$363.7M
$616.9M
Q4 24
$655.2M
$652.9M
Q3 24
$580.9M
$601.0M
Q2 24
$450.7M
$633.1M
Q1 24
$464.7M
$623.6M
Net Profit
FRHC
FRHC
NVST
NVST
Q4 25
$76.2M
$32.9M
Q3 25
$38.7M
$-30.3M
Q2 25
$30.4M
$26.4M
Q1 25
$-142.7M
$18.0M
Q4 24
$78.3M
$1.2M
Q3 24
$114.7M
$8.2M
Q2 24
$34.4M
$-1.2B
Q1 24
$95.2M
$23.6M
Gross Margin
FRHC
FRHC
NVST
NVST
Q4 25
96.0%
54.7%
Q3 25
97.1%
55.3%
Q2 25
97.4%
54.2%
Q1 25
96.6%
54.5%
Q4 24
98.6%
57.1%
Q3 24
99.1%
52.8%
Q2 24
99.0%
51.6%
Q1 24
57.1%
Operating Margin
FRHC
FRHC
NVST
NVST
Q4 25
14.9%
9.8%
Q3 25
11.5%
8.6%
Q2 25
7.6%
6.8%
Q1 25
-42.7%
6.3%
Q4 24
15.0%
7.1%
Q3 24
22.1%
3.5%
Q2 24
9.2%
-182.2%
Q1 24
22.5%
7.7%
Net Margin
FRHC
FRHC
NVST
NVST
Q4 25
12.1%
4.4%
Q3 25
7.4%
-4.5%
Q2 25
5.7%
3.9%
Q1 25
-39.2%
2.9%
Q4 24
11.9%
0.2%
Q3 24
19.7%
1.4%
Q2 24
7.6%
-181.9%
Q1 24
20.5%
3.8%
EPS (diluted)
FRHC
FRHC
NVST
NVST
Q4 25
$1.25
$0.20
Q3 25
$0.63
$-0.18
Q2 25
$0.50
$0.16
Q1 25
$-2.35
$0.10
Q4 24
$1.29
$0.00
Q3 24
$1.89
$0.05
Q2 24
$0.57
$-6.69
Q1 24
$1.60
$0.14

Balance Sheet & Financial Strength

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

Metric
FRHC
FRHC
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$869.2M
$1.2B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$1.4B
$3.1B
Total Assets
$12.4B
$5.7B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRHC
FRHC
NVST
NVST
Q4 25
$869.2M
$1.2B
Q3 25
$636.0M
$1.1B
Q2 25
$567.9M
$1.1B
Q1 25
$837.3M
$1.1B
Q4 24
$577.9M
$1.1B
Q3 24
$569.2M
$991.3M
Q2 24
$718.7M
$1.0B
Q1 24
$545.1M
$948.5M
Total Debt
FRHC
FRHC
NVST
NVST
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Q1 24
$1.5B
Stockholders' Equity
FRHC
FRHC
NVST
NVST
Q4 25
$1.4B
$3.1B
Q3 25
$1.2B
$3.1B
Q2 25
$1.2B
$3.1B
Q1 25
$1.2B
$3.0B
Q4 24
$1.3B
$2.9B
Q3 24
$1.3B
$3.1B
Q2 24
$1.1B
$3.0B
Q1 24
$1.2B
$4.1B
Total Assets
FRHC
FRHC
NVST
NVST
Q4 25
$12.4B
$5.7B
Q3 25
$10.3B
$5.6B
Q2 25
$9.7B
$5.7B
Q1 25
$9.9B
$5.5B
Q4 24
$9.1B
$5.4B
Q3 24
$8.8B
$5.5B
Q2 24
$8.5B
$5.4B
Q1 24
$8.3B
$6.6B
Debt / Equity
FRHC
FRHC
NVST
NVST
Q4 25
0.47×
Q3 25
0.47×
Q2 25
0.46×
Q1 25
0.47×
Q4 24
0.48×
Q3 24
0.46×
Q2 24
0.51×
Q1 24
0.36×

Cash Flow & Capital Efficiency

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

Metric
FRHC
FRHC
NVST
NVST
Operating Cash FlowLast quarter
$717.8M
$108.0M
Free Cash FlowOCF − Capex
$651.7M
$91.7M
FCF MarginFCF / Revenue
103.7%
12.2%
Capex IntensityCapex / Revenue
10.5%
2.2%
Cash ConversionOCF / Net Profit
9.42×
3.28×
TTM Free Cash FlowTrailing 4 quarters
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRHC
FRHC
NVST
NVST
Q4 25
$717.8M
$108.0M
Q3 25
$535.3M
$78.7M
Q2 25
$480.8M
$88.7M
Q1 25
$1.3B
$300.0K
Q4 24
$-72.8M
$132.4M
Q3 24
$-438.0M
$70.7M
Q2 24
$854.1M
$93.1M
Q1 24
$309.0M
$40.3M
Free Cash Flow
FRHC
FRHC
NVST
NVST
Q4 25
$651.7M
$91.7M
Q3 25
$456.4M
$67.9M
Q2 25
$450.0M
$76.4M
Q1 25
$-5.6M
Q4 24
$-92.7M
$123.8M
Q3 24
$-447.5M
$63.3M
Q2 24
$829.9M
$86.3M
Q1 24
$29.3M
FCF Margin
FRHC
FRHC
NVST
NVST
Q4 25
103.7%
12.2%
Q3 25
86.7%
10.1%
Q2 25
84.4%
11.2%
Q1 25
-0.9%
Q4 24
-14.1%
19.0%
Q3 24
-77.0%
10.5%
Q2 24
184.1%
13.6%
Q1 24
4.7%
Capex Intensity
FRHC
FRHC
NVST
NVST
Q4 25
10.5%
2.2%
Q3 25
15.0%
1.6%
Q2 25
5.8%
1.8%
Q1 25
1.0%
Q4 24
3.0%
1.3%
Q3 24
1.6%
1.2%
Q2 24
5.4%
1.1%
Q1 24
1.8%
Cash Conversion
FRHC
FRHC
NVST
NVST
Q4 25
9.42×
3.28×
Q3 25
13.82×
Q2 25
15.82×
3.36×
Q1 25
0.02×
Q4 24
-0.93×
110.33×
Q3 24
-3.82×
8.62×
Q2 24
24.83×
Q1 24
3.24×
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRHC
FRHC

Segment breakdown not available.

NVST
NVST

Other$375.8M50%
Specialty Productsand Technologies$188.4M25%
Equipmentand Consumables$186.4M25%

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