FRHC vs. IX: Freedom vs. ORIX Stock Comparison

November 11, 2026

How do Freedom (FRHC) and ORIX (IX) 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 ORIX (IX) both fall under the Financial Services industry group, but FRHC is classified in Capital Markets while IX is classified in Financial Services.

Freedom (FRHC) trades as ordinary local shares, while ORIX (IX) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Freedom (FRHC) and ORIX (IX)
Profile Item	FRHC	IX
Name	Freedom Holding Corp.	ORIX Corporation Sponsored ADR
Country/Region	United States	Japan
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Financial Services
GICS Sub-Industry	Investment Banking & Brokerage	Diversified Financial Services
Market Capitalization	11.41 billion USD	37.30 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	February 7, 2018	September 16, 1998
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

FRHC

GSPC

Freedom (FRHC) vs. ORIX (IX), 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 Freedom (FRHC) and ORIX (IX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Freedom (FRHC) and ORIX (IX)
Metric	FRHC	IX
Total Return (1Y)	18.04%	37.72%
Total Return (3Y, Annualized)	28.04%	27.79%
Total Return (5Y, Annualized)	18.95%	12.59%

Risk Profile

Drawdown History

FRHC

GSPC

Freedom (FRHC) vs. ORIX (IX), 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 Freedom (FRHC) and ORIX (IX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Freedom (FRHC) and ORIX (IX)
Metric	FRHC	IX
Volatility (1Y, Annualized)	47.01%	29.12%
Beta (5Y)	0.71	0.94
Max Drawdown (5Y)	-45.80%	-38.99%
Avg. Volume (3M)	108.35K	317.58K

Risk-Adjusted Performance

Risk-Return Positioning

FRHC and IX 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 Freedom (FRHC) and ORIX (IX)
Metric	FRHC	IX
Sharpe Ratio (1Y)	0.29	1.15
Sortino Ratio (1Y)	0.45	1.77

Profitability

ROE (TTM)

Both Freedom (FRHC) at 10.68% and ORIX (IX) at 14.04% 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%

IX

Financial Services industry group

14.04%

Max: 44.78%
Q3: 21.85%
IX: 14.04%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

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

Net Margin (TTM)

Both Freedom (FRHC) at 8.43% and ORIX (IX) at 17.94% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

IX

Financial Services industry group

17.94%

Max: 62.84%
Q3: 28.05%
IX: 17.94%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

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

Operating Margin (TTM)

ORIX (IX) at 21.52% 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%

IX

Financial Services industry group

21.52%

Max: 107.33%
Q3: 55.90%
Median: 30.09%
IX: 21.52%
Q1: 14.60%
Min: -44.34%

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

Profitability Metrics

Profitability metrics for Freedom (FRHC) and ORIX (IX)
Metric	FRHC	IX
ROE (TTM)	10.68%	14.04%
ROA (TTM)	1.24%	2.65%
Net Margin (TTM)	8.43%	17.94%
Operating Margin (TTM)	5.01%	21.52%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Freedom (FRHC) at 8.97% and ORIX (IX) at 18.57% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Freedom (FRHC) vs. ORIX (IX): 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 ORIX (IX) at 30.03% is closer to the peer norm — faster per-share earnings growth for FRHC.

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

Growth Metrics

Growth metrics for Freedom (FRHC) and ORIX (IX)
Metric	FRHC	IX
Revenue Growth (YoY)	8.97%	18.57%
Revenue Growth (3Y CAGR)	39.61%	9.97%
EPS Growth (YoY)	98.93%	30.03%
EPS Growth (3Y CAGR)	-10.08%	20.02%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Freedom (FRHC) in Financial Services and ORIX (IX) 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 ORIX (IX) 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 Freedom (FRHC) and ORIX (IX)
Metric	FRHC	IX
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 ORIX (IX) reports a yield of 435.55%, 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%

IX

Financial Services industry group

435.55%

IX: 435.55%
Max: 9.77%
Q3: 3.92%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

Freedom (FRHC) vs. ORIX (IX): 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 ORIX (IX) reports a payout of 26.52%, 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%

IX

Financial Services industry group

26.52%

Max: 241.07%
Q3: 97.36%
IX: 26.52%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Freedom (FRHC) and ORIX (IX)
Metric	FRHC	IX
Dividend Yield (TTM)	0.00%	435.55%
Dividend Payout Ratio (TTM)	0.00%	26.52%

Valuation

P/E Ratio (TTM)

ORIX (IX) at 9.68 sits in the cheaper P/E ratio quartile, while Freedom (FRHC) at 70.97 trades above its peer range — a wide earnings-valuation gap relative to industry peers.

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

IX

Financial Services industry group

9.68

Max: 45.85
Q3: 24.64
Median: 15.37
Q1: 9.68
IX: 9.68
Min: 0.16

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

P/S Ratio (TTM)

ORIX (IX) at 0.01 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.

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

IX

Financial Services industry group

0.01

Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
IX: 0.01
Min: -0.55

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

P/B Ratio (MRQ)

ORIX (IX) at 1.28 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

IX

Financial Services industry group

1.28

Max: 7.79
Q3: 3.63
Median: 1.57
IX: 1.28
Q1: 0.81
Min: -0.39

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

Valuation Metrics

Valuation metrics for Freedom (FRHC) and ORIX (IX)
Metric	FRHC	IX
P/E Ratio (TTM)	70.97	9.68
P/S Ratio (TTM)	6.51	0.01
P/B Ratio (MRQ)	7.16	1.28
Free Cash Flow Yield (TTM)	--	--