FRHC vs LPLA

For growth investors, LPL Financial Holdings Inc.

(LPLA) is the stronger pick with 37. 2% revenue growth year-over-year, versus 22. 7% for Freedom Holding Corp. (FRHC). LPL Financial Holdings Inc. (LPLA) offers the better valuation at 28. 4x trailing P/E (13. 8x forward), making it the more compelling value choice. Analysts rate LPL Financial Holdings Inc. (LPLA) a "Buy" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, LPL Financial Holdings Inc.

(LPLA) is the cheapest at 28. 4x versus Freedom Holding Corp. at 99. 3x.

Over the past 5 years, Freedom Holding Corp.

(FRHC) delivered a total return of +192. 0%, compared to +102. 1% for LPL Financial Holdings Inc. (LPLA). Over 10 years, the gap is even starker: FRHC returned +70. 7% versus LPLA's +1241%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Freedom Holding Corp.

(FRHC) is the lower-risk stock at 0. 97β versus LPL Financial Holdings Inc. 's 1. 10β — meaning LPLA is approximately 14% more volatile than FRHC relative to the S&P 500. On balance sheet safety, LPL Financial Holdings Inc. (LPLA) carries a lower debt/equity ratio of 136% versus 161% for Freedom Holding Corp. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), LPL Financial Holdings Inc.

(LPLA) is pulling ahead at 37. 2% versus 22. 7% for Freedom Holding Corp. (FRHC). On earnings-per-share growth, the picture is similar: LPL Financial Holdings Inc. grew EPS -22. 2% year-over-year, compared to -77. 9% for Freedom Holding Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

LPL Financial Holdings Inc.

(LPLA) is the more profitable company, earning 5. 1% net margin versus 4. 2% for Freedom Holding Corp. — meaning it keeps 5. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FRHC leads at 31. 1% versus 13. 4% for LPLA. At the gross margin level — before operating expenses — FRHC leads at 52. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

Analyst consensus price targets imply the most upside for LPLA: 42.

4% to $441. 00.

In this comparison, LPLA (0.

4% yield) pays a dividend. FRHC does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, LPL Financial Holdings Inc.

(LPLA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 10), +1241% 10Y return). Both have compounded well over 10 years (LPLA: +1241%, FRHC: +70. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.