BX vs. FRHC: Blackstone vs. Freedom Stock Comparison

November 11, 2026

How do Blackstone (BX) and Freedom (FRHC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Blackstone (BX) and Freedom (FRHC) both belong to the Capital Markets industry, though BX is classified under Asset Management & Custody Banks while FRHC falls under Investment Banking & Brokerage.

Company profile comparison for Blackstone (BX) and Freedom (FRHC)
Profile Item	BX	FRHC
Name	Blackstone Inc.	Freedom Holding Corp.
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Capital Markets
GICS Sub-Industry	Asset Management & Custody Banks	Investment Banking & Brokerage
Market Capitalization	148.61 billion USD	11.41 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 22, 2007	February 7, 2018
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FRHC

GSPC

Blackstone (BX) vs. Freedom (FRHC), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Blackstone (BX) and Freedom (FRHC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Blackstone (BX) and Freedom (FRHC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Blackstone (BX) and Freedom (FRHC)
Metric	BX	FRHC
Total Return (1Y)	-11.29%	18.04%
Total Return (3Y, Annualized)	12.22%	28.04%
Total Return (5Y, Annualized)	0.26%	18.95%

Risk Profile

Drawdown History

FRHC

GSPC

Blackstone (BX) vs. Freedom (FRHC), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Blackstone (BX) and Freedom (FRHC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Blackstone (BX) and Freedom (FRHC)
Metric	BX	FRHC
Volatility (1Y, Annualized)	38.63%	47.01%
Beta (5Y)	1.50	0.71
Max Drawdown (5Y)	-49.29%	-45.80%
Avg. Volume (3M)	4.75M	108.35K

Risk-Adjusted Performance

Risk-Return Positioning

BX and FRHC are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Blackstone (BX) and Freedom (FRHC)
Metric	BX	FRHC
Sharpe Ratio (1Y)	-0.40	0.29
Sortino Ratio (1Y)	-0.57	0.45

Profitability

ROE (TTM)

Blackstone (BX) at 32.38% sits in the top ROE quartile, while Freedom (FRHC) at 10.68% is closer to the peer norm — stronger capital efficiency for BX.

BX

Financial Services industry group

32.38%

Max: 44.78%
BX: 32.38%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

FRHC

Financial Services industry group

10.68%

Max: 44.78%
Q3: 21.85%
Median: 12.91%
FRHC: 10.68%
Q1: 4.48%
Min: -18.71%

Blackstone (BX) vs. Freedom (FRHC): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Blackstone (BX) at 22.99% and Freedom (FRHC) at 8.43% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BX

Financial Services industry group

22.99%

Max: 62.84%
Q3: 28.05%
BX: 22.99%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

FRHC

Financial Services industry group

8.43%

Max: 62.84%
Q3: 28.05%
Median: 15.36%
FRHC: 8.43%
Q1: 4.82%
Min: -28.52%

Blackstone (BX) vs. Freedom (FRHC): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Blackstone (BX) at 48.86% runs core operations around its industry’s norm, while Freedom (FRHC) at 5.01% operates in the bottom quartile.

BX

Financial Services industry group

48.86%

Max: 107.33%
Q3: 55.90%
BX: 48.86%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

FRHC

Financial Services industry group

5.01%

Max: 107.33%
Q3: 55.90%
Median: 30.09%
Q1: 14.60%
FRHC: 5.01%
Min: -44.34%

Blackstone (BX) vs. Freedom (FRHC): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Blackstone (BX) and Freedom (FRHC)
Metric	BX	FRHC
ROE (TTM)	32.38%	10.68%
ROA (TTM)	14.27%	1.24%
Net Margin (TTM)	22.99%	8.43%
Operating Margin (TTM)	48.86%	5.01%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Blackstone (BX) at 13.54% and Freedom (FRHC) at 8.97% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Blackstone (BX) vs. Freedom (FRHC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Freedom (FRHC) at 98.93% sits in the top EPS growth quartile, while Blackstone (BX) at 6.91% is closer to the peer norm — faster per-share earnings growth for FRHC.

Blackstone (BX) vs. Freedom (FRHC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Blackstone (BX) and Freedom (FRHC)
Metric	BX	FRHC
Revenue Growth (YoY)	13.54%	8.97%
Revenue Growth (3Y CAGR)	20.27%	39.61%
EPS Growth (YoY)	6.91%	98.93%
EPS Growth (3Y CAGR)	17.92%	-10.08%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Blackstone (BX) in Financial Services and Freedom (FRHC) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Blackstone (BX) in Financial Services and Freedom (FRHC) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Blackstone (BX) and Freedom (FRHC)
Metric	BX	FRHC
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Freedom (FRHC) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Blackstone (BX) reports a yield of 4.22%, ranking against industry peers normally.

BX

Financial Services industry group

4.22%

Max: 9.77%
BX: 4.22%
Q3: 3.92%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

FRHC

Financial Services industry group

0.00%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
FRHC: 0.00%
Q1: 0.00%
Min: 0.00%

Blackstone (BX) vs. Freedom (FRHC): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Blackstone (BX) reports payout ratio above 100% at 111.19%, meaning dividends exceeded current-period earnings; Freedom (FRHC) pays no dividend (payout 0.00%).

BX

Financial Services industry group

111.19%

Max: 241.07%
BX: 111.19%
Q3: 97.36%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

FRHC

Financial Services industry group

0.00%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
FRHC: 0.00%
Q1: 0.00%
Min: 0.00%

Blackstone (BX) vs. Freedom (FRHC): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Blackstone (BX) and Freedom (FRHC)
Metric	BX	FRHC
Dividend Yield (TTM)	4.22%	0.00%
Dividend Payout Ratio (TTM)	111.19%	0.00%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Blackstone (BX) at 26.61 sits in the richer P/E ratio quartile, and Freedom (FRHC) at 70.97 is richer still, above its industry range.

BX

Financial Services industry group

26.61

Max: 45.85
BX: 26.61
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

FRHC

Financial Services industry group

70.97

FRHC: 70.97
Max: 45.85
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

Blackstone (BX) vs. Freedom (FRHC): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Freedom (FRHC) at 6.51 sits in the upper P/S ratio quartile, and Blackstone (BX) at 9.61 prices even higher, above its industry range.

BX

Financial Services industry group

9.61

BX: 9.61
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

FRHC

Financial Services industry group

6.51

Max: 9.23
FRHC: 6.51
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

Blackstone (BX) vs. Freedom (FRHC): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Freedom (FRHC) at 7.16 sits in the upper P/B ratio quartile, and Blackstone (BX) at 10.81 prices even higher, above its industry range.

BX

Financial Services industry group

10.81

BX: 10.81
Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

FRHC

Financial Services industry group

7.16

Max: 7.79
FRHC: 7.16
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

Blackstone (BX) vs. Freedom (FRHC): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Blackstone (BX) and Freedom (FRHC)
Metric	BX	FRHC
P/E Ratio (TTM)	26.61	70.97
P/S Ratio (TTM)	9.61	6.51
P/B Ratio (MRQ)	10.81	7.16
Free Cash Flow Yield (TTM)	--	--