IX vs. NMR: ORIX vs. Nomura Stock Comparison

November 11, 2026

How do ORIX (IX) and Nomura (NMR) 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

ORIX (IX) and Nomura (NMR) both fall under the Financial Services industry group, but IX is classified in Financial Services while NMR is classified in Capital Markets.

Both ORIX (IX) and Nomura (NMR) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for ORIX (IX) and Nomura (NMR)
Profile Item	IX	NMR
Name	ORIX Corporation Sponsored ADR	Nomura Holdings, Inc. Sponsored ADR
Country/Region	Japan	Japan
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	37.30 billion USD	27.53 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 16, 1998	December 17, 2001
Security Type	ADR	ADR

Price Performance

Cumulative Growth

NMR

GSPC

ORIX (IX) vs. Nomura (NMR), 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 ORIX (IX) and Nomura (NMR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ORIX (IX) and Nomura (NMR)
Metric	IX	NMR
Total Return (1Y)	37.72%	35.42%
Total Return (3Y, Annualized)	27.79%	37.86%
Total Return (5Y, Annualized)	12.59%	18.78%

Risk Profile

Drawdown History

NMR

GSPC

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

Risk Metrics

Risk profile metrics for ORIX (IX) and Nomura (NMR)
Metric	IX	NMR
Volatility (1Y, Annualized)	29.12%	29.52%
Beta (5Y)	0.94	0.79
Max Drawdown (5Y)	-38.99%	-38.40%
Avg. Volume (3M)	317.58K	789.26K

Risk-Adjusted Performance

Risk-Return Positioning

IX and NMR 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 ORIX (IX) and Nomura (NMR)
Metric	IX	NMR
Sharpe Ratio (1Y)	1.15	1.06
Sortino Ratio (1Y)	1.77	1.55

Profitability

ROE (TTM)

Both ORIX (IX) at 14.04% and Nomura (NMR) at 11.51% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

NMR

Financial Services industry group

11.51%

Max: 44.78%
Q3: 21.85%
Median: 12.91%
NMR: 11.51%
Q1: 4.48%
Min: -18.71%

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

Net Margin (TTM)

Both ORIX (IX) at 17.94% and Nomura (NMR) at 17.12% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

NMR

Financial Services industry group

17.12%

Max: 62.84%
Q3: 28.05%
NMR: 17.12%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

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

Operating Margin (TTM)

Both ORIX (IX) at 21.52% and Nomura (NMR) at 24.36% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

NMR

Financial Services industry group

24.36%

Max: 107.33%
Q3: 55.90%
Median: 30.09%
NMR: 24.36%
Q1: 14.60%
Min: -44.34%

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

Profitability Metrics

Profitability metrics for ORIX (IX) and Nomura (NMR)
Metric	IX	NMR
ROE (TTM)	14.04%	11.51%
ROA (TTM)	2.65%	0.68%
Net Margin (TTM)	17.94%	17.12%
Operating Margin (TTM)	21.52%	24.36%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both ORIX (IX) at 18.57% and Nomura (NMR) at 10.80% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

ORIX (IX) vs. Nomura (NMR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both ORIX (IX) at 30.03% and Nomura (NMR) at 7.17% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for ORIX (IX) and Nomura (NMR)
Metric	IX	NMR
Revenue Growth (YoY)	18.57%	10.80%
Revenue Growth (3Y CAGR)	9.97%	17.17%
EPS Growth (YoY)	30.03%	7.17%
EPS Growth (3Y CAGR)	20.02%	58.75%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: ORIX (IX) in Financial Services and Nomura (NMR) 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: ORIX (IX) in Financial Services and Nomura (NMR) 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 ORIX (IX) and Nomura (NMR)
Metric	IX	NMR
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both ORIX (IX) at 435.55% and Nomura (NMR) at 620.40% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

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%

NMR

Financial Services industry group

620.40%

NMR: 620.40%
Max: 9.77%
Q3: 3.92%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

ORIX (IX) vs. Nomura (NMR): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both ORIX (IX) at 26.52% and Nomura (NMR) at 16.85% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

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%

NMR

Financial Services industry group

16.85%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
NMR: 16.85%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ORIX (IX) and Nomura (NMR)
Metric	IX	NMR
Dividend Yield (TTM)	435.55%	620.40%
Dividend Payout Ratio (TTM)	26.52%	16.85%

Valuation

P/E Ratio (TTM)

ORIX (IX) at 9.68 sits in the cheaper P/E ratio quartile, while Nomura (NMR) at 10.83 is closer to its industry’s usual earnings multiple — a discount for IX, though growth and earnings durability still matter.

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

NMR

Financial Services industry group

10.83

Max: 45.85
Q3: 24.64
Median: 15.37
NMR: 10.83
Q1: 9.68
Min: 0.16

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

P/S Ratio (TTM)

Both ORIX (IX) at 0.01 and Nomura (NMR) at 0.01 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

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

NMR

Financial Services industry group

0.01

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

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

P/B Ratio (MRQ)

On P/B ratio, both ORIX (IX) at 1.28 and Nomura (NMR) at 1.15 are valued close to their industries’ norm against book — neither stands out from peers.

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

NMR

Financial Services industry group

1.15

Max: 7.79
Q3: 3.63
Median: 1.57
NMR: 1.15
Q1: 0.81
Min: -0.39

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

Valuation Metrics

Valuation metrics for ORIX (IX) and Nomura (NMR)
Metric	IX	NMR
P/E Ratio (TTM)	9.68	10.83
P/S Ratio (TTM)	0.01	0.01
P/B Ratio (MRQ)	1.28	1.15
Free Cash Flow Yield (TTM)	--	--