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

Freedom Holding Corp. is the larger business by last-quarter revenue ($628.6M vs $461.6M, roughly 1.4× RBC Bearings INC). RBC Bearings INC runs the higher net margin — 14.6% vs 12.1%, a 2.5% gap on every dollar of revenue. On growth, RBC Bearings INC posted the faster year-over-year revenue change (17.0% vs -4.1%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $99.1M). Over the past eight quarters, Freedom Holding Corp.'s revenue compounded faster (16.3% CAGR vs 5.6%).

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.

Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...

FRHC vs RBC — Head-to-Head

Bigger by revenue
FRHC
FRHC
1.4× larger
FRHC
$628.6M
$461.6M
RBC
Growing faster (revenue YoY)
RBC
RBC
+21.1% gap
RBC
17.0%
-4.1%
FRHC
Higher net margin
RBC
RBC
2.5% more per $
RBC
14.6%
12.1%
FRHC
More free cash flow
FRHC
FRHC
$552.6M more FCF
FRHC
$651.7M
$99.1M
RBC
Faster 2-yr revenue CAGR
FRHC
FRHC
Annualised
FRHC
16.3%
5.6%
RBC

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
FRHC
FRHC
RBC
RBC
Revenue
$628.6M
$461.6M
Net Profit
$76.2M
$67.4M
Gross Margin
96.0%
44.3%
Operating Margin
14.9%
22.3%
Net Margin
12.1%
14.6%
Revenue YoY
-4.1%
17.0%
Net Profit YoY
-2.6%
16.4%
EPS (diluted)
$1.25
$2.13

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
RBC
RBC
Q4 25
$628.6M
$461.6M
Q3 25
$526.1M
$455.3M
Q2 25
$533.4M
$436.0M
Q1 25
$363.7M
$437.7M
Q4 24
$655.2M
$394.4M
Q3 24
$580.9M
$397.9M
Q2 24
$450.7M
$406.3M
Q1 24
$464.7M
$413.7M
Net Profit
FRHC
FRHC
RBC
RBC
Q4 25
$76.2M
$67.4M
Q3 25
$38.7M
$60.0M
Q2 25
$30.4M
$68.5M
Q1 25
$-142.7M
$72.7M
Q4 24
$78.3M
$57.9M
Q3 24
$114.7M
$54.2M
Q2 24
$34.4M
$61.4M
Q1 24
$95.2M
Gross Margin
FRHC
FRHC
RBC
RBC
Q4 25
96.0%
44.3%
Q3 25
97.1%
44.1%
Q2 25
97.4%
44.8%
Q1 25
96.6%
44.2%
Q4 24
98.6%
44.3%
Q3 24
99.1%
43.7%
Q2 24
99.0%
45.3%
Q1 24
43.1%
Operating Margin
FRHC
FRHC
RBC
RBC
Q4 25
14.9%
22.3%
Q3 25
11.5%
21.5%
Q2 25
7.6%
23.2%
Q1 25
-42.7%
23.0%
Q4 24
15.0%
21.7%
Q3 24
22.1%
21.6%
Q2 24
9.2%
24.0%
Q1 24
22.5%
22.8%
Net Margin
FRHC
FRHC
RBC
RBC
Q4 25
12.1%
14.6%
Q3 25
7.4%
13.2%
Q2 25
5.7%
15.7%
Q1 25
-39.2%
16.6%
Q4 24
11.9%
14.7%
Q3 24
19.7%
13.6%
Q2 24
7.6%
15.1%
Q1 24
20.5%
EPS (diluted)
FRHC
FRHC
RBC
RBC
Q4 25
$1.25
$2.13
Q3 25
$0.63
$1.90
Q2 25
$0.50
$2.17
Q1 25
$-2.35
$2.33
Q4 24
$1.29
$1.82
Q3 24
$1.89
$1.65
Q2 24
$0.57
$1.90
Q1 24
$1.60
$1.92

Balance Sheet & Financial Strength

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

Metric
FRHC
FRHC
RBC
RBC
Cash + ST InvestmentsLiquidity on hand
$869.2M
$107.6M
Total DebtLower is stronger
$990.2M
Stockholders' EquityBook value
$1.4B
$3.3B
Total Assets
$12.4B
$5.1B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRHC
FRHC
RBC
RBC
Q4 25
$869.2M
$107.6M
Q3 25
$636.0M
$91.2M
Q2 25
$567.9M
$132.9M
Q1 25
$837.3M
$36.8M
Q4 24
$577.9M
Q3 24
$569.2M
Q2 24
$718.7M
$76.8M
Q1 24
$545.1M
$63.5M
Total Debt
FRHC
FRHC
RBC
RBC
Q4 25
$990.2M
Q3 25
$1.1B
Q2 25
$915.6M
Q1 25
$920.1M
Q4 24
Q3 24
Q2 24
Q1 24
$1.2B
Stockholders' Equity
FRHC
FRHC
RBC
RBC
Q4 25
$1.4B
$3.3B
Q3 25
$1.2B
$3.2B
Q2 25
$1.2B
$3.1B
Q1 25
$1.2B
$3.0B
Q4 24
$1.3B
$2.9B
Q3 24
$1.3B
$2.9B
Q2 24
$1.1B
$2.8B
Q1 24
$1.2B
$2.8B
Total Assets
FRHC
FRHC
RBC
RBC
Q4 25
$12.4B
$5.1B
Q3 25
$10.3B
$5.1B
Q2 25
$9.7B
$4.8B
Q1 25
$9.9B
$4.7B
Q4 24
$9.1B
$4.7B
Q3 24
$8.8B
$4.7B
Q2 24
$8.5B
$4.7B
Q1 24
$8.3B
$4.7B
Debt / Equity
FRHC
FRHC
RBC
RBC
Q4 25
0.30×
Q3 25
0.34×
Q2 25
0.29×
Q1 25
0.30×
Q4 24
Q3 24
Q2 24
Q1 24
0.43×

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
RBC
RBC
Operating Cash FlowLast quarter
$717.8M
$122.1M
Free Cash FlowOCF − Capex
$651.7M
$99.1M
FCF MarginFCF / Revenue
103.7%
21.5%
Capex IntensityCapex / Revenue
10.5%
5.0%
Cash ConversionOCF / Net Profit
9.42×
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRHC
FRHC
RBC
RBC
Q4 25
$717.8M
$122.1M
Q3 25
$535.3M
$88.4M
Q2 25
$480.8M
$120.0M
Q1 25
$1.3B
Q4 24
$-72.8M
$84.0M
Q3 24
$-438.0M
Q2 24
$854.1M
$97.4M
Q1 24
$309.0M
Free Cash Flow
FRHC
FRHC
RBC
RBC
Q4 25
$651.7M
$99.1M
Q3 25
$456.4M
$71.7M
Q2 25
$450.0M
$104.3M
Q1 25
Q4 24
$-92.7M
$73.6M
Q3 24
$-447.5M
Q2 24
$829.9M
$88.4M
Q1 24
FCF Margin
FRHC
FRHC
RBC
RBC
Q4 25
103.7%
21.5%
Q3 25
86.7%
15.7%
Q2 25
84.4%
23.9%
Q1 25
Q4 24
-14.1%
18.7%
Q3 24
-77.0%
Q2 24
184.1%
21.8%
Q1 24
Capex Intensity
FRHC
FRHC
RBC
RBC
Q4 25
10.5%
5.0%
Q3 25
15.0%
3.7%
Q2 25
5.8%
3.6%
Q1 25
3.2%
Q4 24
3.0%
2.6%
Q3 24
1.6%
4.1%
Q2 24
5.4%
2.2%
Q1 24
Cash Conversion
FRHC
FRHC
RBC
RBC
Q4 25
9.42×
1.81×
Q3 25
13.82×
1.47×
Q2 25
15.82×
1.75×
Q1 25
Q4 24
-0.93×
1.45×
Q3 24
-3.82×
Q2 24
24.83×
1.59×
Q1 24
3.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRHC
FRHC

Segment breakdown not available.

RBC
RBC

Domestic$413.3M90%
Foreign$48.3M10%

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