FRD

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Friedman Industries Inc.

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Key Metrics

Previous Close: $44.53
52-Week Range: $16.55 – $48.77
Market Cap: $306.83M
P/E (TTM): 11.08
EPS (TTM): 3.84
Dividend Yield: 0.36%

Advanced Metrics

Price/Book: 1.87
PEG Ratio: —
Return on Equity: 18.11%
Return on Assets: 8.64%
Gross Margin: 14.50%
Operating Margin: 8.77%
Profit Margin: 3.63%
Current Ratio: 2.90
Debt/Equity: 0.62
Total Debt: $101.32M
Free Cash Flow: $-51.42M
Revenue Growth: 78.10%
Earnings Growth: 152.10%
Enterprise Value: $417.48M

FRD Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$547.54M	$516.25M	$444.60M	$646.91M
Cost of Revenue	$477.56M	$443.83M	$399.13M	$560.42M
Gross Profit	$69.98M	$72.42M	$45.48M	$86.50M
Selling, General & Admin	$46.38M	$21.04M	$16.17M	$28.62M
Operating Expenses	$48.90M	$47.90M	$42.69M	$60.84M
Operating Income	$21.07M	$24.52M	$2.79M	$25.65M
EBITDA	$32.93M	$29.46M	$13.94M	$34.30M
Pretax Income	$28.19M	$23.31M	$7.69M	$26.37M
Income Tax	$6.84M	$5.97M	$1.61M	$6.84M
Net Income	$21.34M	$17.34M	$6.08M	$19.53M
Diluted EPS	2.91	2.39	0.87	2.76
Diluted Shares	7.33M	7.26M	6.99M	6.97M

FRD Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$2.99M	$2.89M	$3.69M	$2.45M
Receivables	$49.37M	$47.33M	$47.48M	$80.69M
Inventory	$86.25M	$115.80M	$113.69M	$172.22M
Current Assets	$143.66M	$170.06M	$166.47M	$257.04M
Total Assets	$199.31M	$230.02M	$226.82M	$336.81M
Current Liabilities	$45.09M	$54.11M	$38.32M	$76.15M
Long-Term Debt	$33.12M	$40.29M	$47.73M	$96.05M
Total Debt	$34.45M	$43.13M	$50.48M	$100.15M
Total Liabilities	$83.88M	$102.54M	$94.40M	$185.32M
Retained Earnings	$79.65M	$96.28M	$101.25M	$119.65M
Shareholders' Equity	$115.43M	$127.47M	$132.43M	$151.49M
Working Capital	$98.57M	$115.96M	$128.14M	$180.89M
Net Debt	$30.13M	$37.40M	$44.04M	$93.60M

FRD Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$63.89M	$4.98M	-$4.42M	$8.54M
Capital Expenditure	-$16.45M	-$5.79M	-$5.00M	-$7.16M
Free Cash Flow	$47.44M	-$813.00K	-$9.42M	$1.38M
Depreciation & Amortisation	$2.53M	$3.07M	$3.29M	$3.82M
Stock-Based Compensation	$303.00K	$246.00K	$151.00K	$683.00K
Investing Cash Flow	-$88.19M	-$5.80M	-$3.43M	-$52.76M
Financing Cash Flow	$13.56M	$1.34M	$6.09M	$43.30M
Dividends Paid	-$589.00K	-$581.00K	-$1.11M	-$1.13M
Share Repurchases	-$37.00K	-$5.15M	-$171.00K	-$10.00K
Net Change in Cash	-$10.74M	$511.00K	-$1.75M	-$918.00K

FRD Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$129.22M	$134.78M	$152.38M	$167.97M	$191.78M
Cost of Revenue	$111.93M	$115.03M	$135.15M	$148.67M	$161.57M
Gross Profit	$17.29M	$19.75M	$17.24M	$19.30M	$30.21M
Selling, General & Admin	$3.84M	$11.86M	$6.29M	$7.15M	$9.73M
Operating Expenses	$11.54M	$12.70M	$14.36M	$15.40M	$18.38M
Operating Income	$5.75M	$7.04M	$2.88M	$3.90M	$11.83M
EBITDA	$8.46M	$8.17M	$4.67M	$6.35M	$15.17M
Pretax Income	$6.85M	$6.64M	$2.98M	$4.00M	$12.75M
Income Tax	$1.50M	$1.62M	$737.00K	$961.00K	$3.52M
Net Income	$5.34M	$5.03M	$2.24M	$3.04M	$9.22M
Diluted EPS	0.76	0.71	0.32	0.43	1.30
Diluted Shares	7.03M	6.97M	6.97M	7.08M	7.09M

FRD Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$3.69M	$2.10M	$4.59M	$3.00M	$2.45M
Receivables	$47.48M	$50.72M	$62.26M	$55.80M	$80.69M
Inventory	$113.69M	$103.46M	$161.57M	$169.17M	$172.22M
Current Assets	$166.47M	$157.93M	$231.32M	$231.48M	$257.04M
Total Assets	$226.82M	$219.08M	$311.29M	$311.86M	$336.81M
Current Liabilities	$38.32M	$40.48M	$71.38M	$64.41M	$76.15M
Long-Term Debt	$47.73M	$33.04M	$87.03M	$92.09M	$96.05M
Total Debt	$50.48M	$35.75M	$91.50M	$96.38M	$100.15M
Total Liabilities	$94.40M	$81.80M	$172.02M	$169.65M	$185.32M
Retained Earnings	$101.25M	$106.00M	$107.95M	$110.71M	$119.65M
Shareholders' Equity	$132.43M	$137.28M	$139.27M	$142.21M	$151.49M
Working Capital	$128.14M	$117.45M	$159.95M	$167.06M	$180.89M
Net Debt	$44.04M	$30.94M	$82.44M	$89.09M	$93.60M

FRD Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$11.83M	$15.49M	$434.00K	-$4.75M	-$2.63M
Capital Expenditure	-$957.00K	-$1.78M	-$2.46M	-$1.60M	-$1.32M
Free Cash Flow	-$12.79M	$13.71M	-$2.02M	-$6.35M	-$3.96M
Depreciation & Amortisation	$846.00K	$847.00K	$937.00K	$1.06M	$975.00K
Stock-Based Compensation	$30.00K	$123.00K	$36.00K	$182.00K	$342.00K
Investing Cash Flow	-$184.00K	-$1.78M	-$48.05M	-$1.60M	-$1.32M
Financing Cash Flow	$14.94M	-$14.98M	$49.83M	$4.78M	$3.67M
Dividends Paid	-$279.00K	-$282.00K	-$283.00K	-$281.00K	-$286.00K
Share Repurchases	$0.00	-$10.00K	$1.00K	-$1.00K	$0.00
Net Change in Cash	$2.92M	-$1.28M	$2.20M	-$1.57M	-$277.00K

Market Snapshot

About

Friedman Industries is a steel processing and pipe manufacturing company that operates through two primary segments: coil products and tubular products. The company processes hot-rolled coiled steel into flat sheet and plate products, and manufactures pipe and tube products for construction, agricultural, and industrial applications. Founded in 1965 and based in Longview, Texas, Friedman serves customers primarily in the southwestern United States. The company's operations include cutting, pickling, and other steel processing services tailored to customer specifications.