FRHC vs. MA: Freedom vs. Mastercard Stock Comparison

November 11, 2026

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

Company profile comparison for Freedom (FRHC) and Mastercard (MA)
Profile Item	FRHC	MA
Name	Freedom Holding Corp.	Mastercard Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Financial Services
GICS Sub-Industry	Investment Banking & Brokerage	Transaction & Payment Processing Services
Market Capitalization	11.41 billion USD	568.62 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	February 7, 2018	May 25, 2006
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FRHC

GSPC

Freedom (FRHC) vs. Mastercard (MA), 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 Mastercard (MA). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Freedom (FRHC) and Mastercard (MA)
Metric	FRHC	MA
Total Return (1Y)	18.04%	20.00%
Total Return (3Y, Annualized)	28.04%	19.98%
Total Return (5Y, Annualized)	18.95%	14.49%

Risk Profile

Drawdown History

FRHC

GSPC

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

Risk Metrics

Risk profile metrics for Freedom (FRHC) and Mastercard (MA)
Metric	FRHC	MA
Volatility (1Y, Annualized)	47.01%	23.57%
Beta (5Y)	0.71	0.76
Max Drawdown (5Y)	-45.80%	-28.25%
Avg. Volume (3M)	108.35K	2.98M

Risk-Adjusted Performance

Risk-Return Positioning

FRHC and MA 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 Mastercard (MA)
Metric	FRHC	MA
Sharpe Ratio (1Y)	0.29	0.67
Sortino Ratio (1Y)	0.45	1.00

Profitability

ROE (TTM)

Mastercard (MA) at 231.37% 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.

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%

MA

Financial Services industry group

231.37%

MA: 231.37%
Max: 44.78%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

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

Net Margin (TTM)

Mastercard (MA) at 46.73% 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%

MA

Financial Services industry group

46.73%

Max: 62.84%
MA: 46.73%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

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

Operating Margin (TTM)

Mastercard (MA) at 60.53% carries a top-quartile operating margin, 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%

MA

Financial Services industry group

60.53%

Max: 107.33%
MA: 60.53%
Q3: 55.90%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

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

Profitability Metrics

Profitability metrics for Freedom (FRHC) and Mastercard (MA)
Metric	FRHC	MA
ROE (TTM)	10.68%	231.37%
ROA (TTM)	1.24%	24.45%
Net Margin (TTM)	8.43%	46.73%
Operating Margin (TTM)	5.01%	60.53%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Freedom (FRHC) at 8.97% and Mastercard (MA) at 16.42% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Freedom (FRHC) vs. Mastercard (MA): 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 Mastercard (MA) at 18.93% is closer to the peer norm — faster per-share earnings growth for FRHC.

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

Growth Metrics

Growth metrics for Freedom (FRHC) and Mastercard (MA)
Metric	FRHC	MA
Revenue Growth (YoY)	8.97%	16.42%
Revenue Growth (3Y CAGR)	39.61%	13.82%
EPS Growth (YoY)	98.93%	18.93%
EPS Growth (3Y CAGR)	-10.08%	17.36%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Freedom (FRHC) in Financial Services and Mastercard (MA) 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 Mastercard (MA) 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 Mastercard (MA)
Metric	FRHC	MA
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 Mastercard (MA) reports a yield of 0.53%, 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%

MA

Financial Services industry group

0.53%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
MA: 0.53%
Q1: 0.00%
Min: 0.00%

Freedom (FRHC) vs. Mastercard (MA): 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 Mastercard (MA) reports a payout of 17.63%, 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%

MA

Financial Services industry group

17.63%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
MA: 17.63%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Freedom (FRHC) and Mastercard (MA)
Metric	FRHC	MA
Dividend Yield (TTM)	0.00%	0.53%
Dividend Payout Ratio (TTM)	0.00%	17.63%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Mastercard (MA) at 34.15 sits in the richer P/E ratio quartile, and Freedom (FRHC) at 70.97 is richer still, above its industry range.

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

MA

Financial Services industry group

34.15

Max: 45.85
MA: 34.15
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

Freedom (FRHC) vs. Mastercard (MA): 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 Mastercard (MA) at 15.67 prices even higher, above its industry range.

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

MA

Financial Services industry group

15.67

MA: 15.67
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

Freedom (FRHC) vs. Mastercard (MA): 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 Mastercard (MA) at 84.30 prices even higher, above its industry range.

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

MA

Financial Services industry group

84.30

MA: 84.30
Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

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

Valuation Metrics

Valuation metrics for Freedom (FRHC) and Mastercard (MA)
Metric	FRHC	MA
P/E Ratio (TTM)	70.97	34.15
P/S Ratio (TTM)	6.51	15.67
P/B Ratio (MRQ)	7.16	84.30
Free Cash Flow Yield (TTM)	--	--