EQH vs. FRHC: Equitable vs. Freedom Stock Comparison

November 11, 2026

How do Equitable (EQH) 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

Equitable (EQH) and Freedom (FRHC) both fall under the Financial Services industry group, but EQH is classified in Financial Services while FRHC is classified in Capital Markets.

Company profile comparison for Equitable (EQH) and Freedom (FRHC)
Profile Item	EQH	FRHC
Name	Equitable Holdings Inc.	Freedom Holding Corp.
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Financial Services	Capital Markets
GICS Sub-Industry	Diversified Financial Services	Investment Banking & Brokerage
Market Capitalization	14.04 billion USD	11.41 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	May 10, 2018	February 7, 2018
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EQH

FRHC

GSPC

Equitable (EQH) 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 Equitable (EQH) and Freedom (FRHC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equitable (EQH) and Freedom (FRHC)
Metric	EQH	FRHC
Total Return (1Y)	26.35%	18.04%
Total Return (3Y, Annualized)	32.07%	28.04%
Total Return (5Y, Annualized)	12.88%	18.95%

Risk Profile

Drawdown History

EQH

FRHC

GSPC

Equitable (EQH) 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 Equitable (EQH) and Freedom (FRHC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equitable (EQH) and Freedom (FRHC)
Metric	EQH	FRHC
Volatility (1Y, Annualized)	33.44%	47.01%
Beta (5Y)	1.04	0.71
Max Drawdown (5Y)	-35.85%	-45.80%
Avg. Volume (3M)	2.71M	108.35K

Risk-Adjusted Performance

Risk-Return Positioning

EQH 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 Equitable (EQH) and Freedom (FRHC)
Metric	EQH	FRHC
Sharpe Ratio (1Y)	0.66	0.29
Sortino Ratio (1Y)	0.94	0.45

Profitability

ROE (TTM)

Equitable (EQH) at 171.08% clears its industry range for ROE, a sharper capital-efficiency signal than Freedom (FRHC) at 10.68%, which is closer to a typical peer reading.

EQH

Financial Services industry group

171.08%

EQH: 171.08%
Max: 44.78%
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%

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

Net Margin (TTM)

Both Equitable (EQH) at 11.52% 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.

EQH

Financial Services industry group

11.52%

Max: 62.84%
Q3: 28.05%
Median: 15.36%
EQH: 11.52%
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%

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

Operating Margin (TTM)

Equitable (EQH) at 37.18% runs core operations around its industry’s norm, while Freedom (FRHC) at 5.01% operates in the bottom quartile.

EQH

Financial Services industry group

37.18%

Max: 107.33%
Q3: 55.90%
EQH: 37.18%
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%

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

Profitability Metrics

Profitability metrics for Equitable (EQH) and Freedom (FRHC)
Metric	EQH	FRHC
ROE (TTM)	171.08%	10.68%
ROA (TTM)	0.45%	1.24%
Net Margin (TTM)	11.52%	8.43%
Operating Margin (TTM)	37.18%	5.01%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Freedom (FRHC) at 8.97% is around its peer norm for revenue growth, while Equitable (EQH) at -6.12% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Equitable (EQH) 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 Equitable (EQH) at -227.78% falls below its industry range — a large difference in per-share earnings trajectories.

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

Growth Metrics

Growth metrics for Equitable (EQH) and Freedom (FRHC)
Metric	EQH	FRHC
Revenue Growth (YoY)	-6.12%	8.97%
Revenue Growth (3Y CAGR)	-2.65%	39.61%
EPS Growth (YoY)	-227.78%	98.93%
EPS Growth (3Y CAGR)	--	-10.08%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Equitable (EQH) 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: Equitable (EQH) 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 Equitable (EQH) and Freedom (FRHC)
Metric	EQH	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 Equitable (EQH) reports a yield of 0.51%, ranking against industry peers normally.

EQH

Financial Services industry group

0.51%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
EQH: 0.51%
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%

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

Dividend Payout Ratio (TTM)

Freedom (FRHC) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Equitable (EQH) reports a payout of 22.49%, ranking against industry peers normally.

EQH

Financial Services industry group

22.49%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
EQH: 22.49%
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%

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

Dividend Metrics

Dividend metrics for Equitable (EQH) and Freedom (FRHC)
Metric	EQH	FRHC
Dividend Yield (TTM)	0.51%	0.00%
Dividend Payout Ratio (TTM)	22.49%	0.00%

Valuation

P/E Ratio (TTM)

Equitable (EQH) at 10.39 is near its industry’s usual P/E ratio, while Freedom (FRHC) at 70.97 sits above its peer range — an unusually expensive price for FRHC’s trailing earnings.

EQH

Financial Services industry group

10.39

Max: 45.85
Q3: 24.64
Median: 15.37
EQH: 10.39
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

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

P/S Ratio (TTM)

Equitable (EQH) at 1.08 looks cheap on sales in the lower P/S ratio quartile, while Freedom (FRHC) at 6.51 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

EQH

Financial Services industry group

1.08

Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
EQH: 1.08
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

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

P/B Ratio (MRQ)

Equitable (EQH) reports a negative P/B ratio of -4.92, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Freedom (FRHC) reports 7.16, ranking against industry peers normally.

EQH

Financial Services industry group

-4.92

Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39
EQH: -4.92

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

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

Valuation Metrics

Valuation metrics for Equitable (EQH) and Freedom (FRHC)
Metric	EQH	FRHC
P/E Ratio (TTM)	10.39	70.97
P/S Ratio (TTM)	1.08	6.51
P/B Ratio (MRQ)	-4.92	7.16
Free Cash Flow Yield (TTM)	--	--