FRHC vs. ICE: Freedom vs. Intercontinental Exchange Stock Comparison
How do Freedom (FRHC) and Intercontinental Exchange (ICE) 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
Freedom (FRHC) and Intercontinental Exchange (ICE) both belong to the Capital Markets industry, though FRHC is classified under Investment Banking & Brokerage while ICE falls under Financial Exchanges & Data.
| Profile Item | FRHC | ICE |
|---|---|---|
| Name | Freedom Holding Corp. | Intercontinental Exchange, Inc. |
| 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 | Investment Banking & Brokerage | Financial Exchanges & Data |
| Market Capitalization | 11.41 billion USD | 96.27 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | February 7, 2018 | November 16, 2005 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FRHC | ICE |
|---|---|---|
| Total Return (1Y) | 18.04% | 18.71% |
| Total Return (3Y, Annualized) | 28.04% | 18.62% |
| Total Return (5Y, Annualized) | 18.95% | 6.59% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FRHC | ICE |
|---|---|---|
| Volatility (1Y, Annualized) | 47.01% | 25.87% |
| Beta (5Y) | 0.71 | 0.82 |
| Max Drawdown (5Y) | -45.80% | -33.97% |
| Avg. Volume (3M) | 108.35K | 3.09M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FRHC | ICE |
|---|---|---|
| Sharpe Ratio (1Y) | 0.29 | 0.56 |
| Sortino Ratio (1Y) | 0.45 | 0.80 |
Profitability
ROE (TTM)
Both Freedom (FRHC) at 10.68% and Intercontinental Exchange (ICE) at 14.40% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
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%
ICE
Financial Services industry group
14.40%
- Max
- 44.78%
- Q3
- 21.85%
- ICE
- 14.40%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Intercontinental Exchange (ICE) at 38.14% retains a top-quartile share of revenue as profit, ahead of Freedom (FRHC) at 8.43%, which keeps about the industry-typical share.
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%
ICE
Financial Services industry group
38.14%
- Max
- 62.84%
- ICE
- 38.14%
- Q3
- 28.05%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Intercontinental Exchange (ICE) at 52.77% runs core operations around its industry’s norm, while Freedom (FRHC) at 5.01% operates in the bottom quartile.
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%
ICE
Financial Services industry group
52.77%
- Max
- 107.33%
- Q3
- 55.90%
- ICE
- 52.77%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | FRHC | ICE |
|---|---|---|
| ROE (TTM) | 10.68% | 14.40% |
| ROA (TTM) | 1.24% | 2.28% |
| Net Margin (TTM) | 8.43% | 38.14% |
| Operating Margin (TTM) | 5.01% | 52.77% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Freedom (FRHC) at 8.97% and Intercontinental Exchange (ICE) at 7.47% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Freedom (FRHC) at 98.93% sits in the top EPS growth quartile, while Intercontinental Exchange (ICE) at 20.71% is closer to the peer norm — faster per-share earnings growth for FRHC.
Growth Metrics
| Metric | FRHC | ICE |
|---|---|---|
| Revenue Growth (YoY) | 8.97% | 7.47% |
| Revenue Growth (3Y CAGR) | 39.61% | 9.47% |
| EPS Growth (YoY) | 98.93% | 20.71% |
| EPS Growth (3Y CAGR) | -10.08% | 30.77% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Freedom (FRHC) in Financial Services and Intercontinental Exchange (ICE) 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: Freedom (FRHC) in Financial Services and Intercontinental Exchange (ICE) 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
| Metric | FRHC | ICE |
|---|---|---|
| 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 Intercontinental Exchange (ICE) reports a yield of 1.17%, ranking against industry peers normally.
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%
ICE
Financial Services industry group
1.17%
- Max
- 9.77%
- Q3
- 3.92%
- ICE
- 1.17%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
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 Intercontinental Exchange (ICE) reports a payout of 27.79%, ranking against industry peers normally.
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%
ICE
Financial Services industry group
27.79%
- Max
- 241.07%
- Q3
- 97.36%
- ICE
- 27.79%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FRHC | ICE |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 1.17% |
| Dividend Payout Ratio (TTM) | 0.00% | 27.79% |
Valuation
P/E Ratio (TTM)
Intercontinental Exchange (ICE) at 23.47 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.
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
ICE
Financial Services industry group
23.47
- Max
- 45.85
- Q3
- 24.64
- ICE
- 23.47
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
Both Freedom (FRHC) at 6.51 and Intercontinental Exchange (ICE) at 8.82 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
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
ICE
Financial Services industry group
8.82
- Max
- 9.23
- ICE
- 8.82
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Intercontinental Exchange (ICE) at 3.22 is valued about in line with its industry on P/B ratio, while Freedom (FRHC) at 7.16 carries an above-peer premium to book — FRHC is pricier on assets.
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
ICE
Financial Services industry group
3.22
- Max
- 7.79
- Q3
- 3.63
- ICE
- 3.22
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | FRHC | ICE |
|---|---|---|
| P/E Ratio (TTM) | 70.97 | 23.47 |
| P/S Ratio (TTM) | 6.51 | 8.82 |
| P/B Ratio (MRQ) | 7.16 | 3.22 |
| Free Cash Flow Yield (TTM) | -- | -- |