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Financials · FRD

Friedman Industries Inc. (FRD) financials

For the twelve months ended Dec 31, 2025, Friedman Industries Inc. reported $584.35M of revenue and $15.66M of net income.

Revenue, TTM
$584.35M
Revenue growth, YoY
+30.5%
Net income, TTM
$15.66M
Net margin
2.7%
Free cash flow, TTM
-$7.45M
Cash
$5.64M
P/E
16.59
P/S
0.44
Market cap
$259.7M
Annual revenue$444.60M
FY2017FY2025
Annual net income$6.08M
FY2016FY2025
Annual free cash flow-$8.41M
FY2016FY2025

FRD revenue and earnings growth

FRD revenueQ2 2027$286.81M

Quarter YoY
+88.2%
QoQ
+19.5%
FY YoY
-13.9%
5Y CAGR
+25.6%

FRD revenue was $286.81M in fiscal Q2 2027 (ended Sep 30, 2026), up 88.2% from a year earlier and up 19.5% from the prior quarter. For the full fiscal 2025 it was $444.60M, down 13.9% from fiscal 2024. Compound annual growth was +25.6% over 5 years. It rose in 4 of the last 8 fiscal years.

FRD net incomeQ2 2027$15.61M

Quarter YoY
+597.1%
QoQ
+22.1%
FY YoY
-64.9%
10Y CAGR
+31.9%

FRD net income was $15.61M in fiscal Q2 2027 (ended Sep 30, 2026), up 597.1% from a year earlier and up 22.1% from the prior quarter. For the full fiscal 2025 it was $6.08M, down 64.9% from fiscal 2024. Compound annual growth was +31.9% over 10 years. It rose in 2 of the last 4 fiscal years.

FRD EPSQ2 2027$2.19

Quarter YoY
+584.4%
QoQ
+22.3%
FY YoY
-63.6%
10Y CAGR
+30.7%

FRD diluted EPS was $2.19 in fiscal Q2 2027 (ended Sep 30, 2026), up 584.4% from a year earlier and up 22.3% from the prior quarter. For the full fiscal 2025 it was $0.87, down 63.6% from fiscal 2024. Compound annual growth was +30.7% over 10 years.

FRD free cash flowQ2 2027$2.41M

QoQ
-53.1%

FRD free cash flow was $2.41M in fiscal Q2 2027 (ended Sep 30, 2026), compared with -$2.02M a year earlier and down 53.1% from the prior quarter. For the full fiscal 2025 it was -$8.41M, compared with -$813.0K in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
FY2016
Mar 31, 2016
Revenue$444.60M$516.25M$547.54M$285.24M$126.10M$142.10M$187.15M$121.16M$77.76M-
Cost of revenue$441.81M$491.73M$504.46M$244.25M$102.52M$139.49M$174.25M$111.21M$77.95M$76.94M
Gross profit$2.79M$24.52M$43.09M$40.99M$23.59M$2.61M$12.91M$9.95M-$191.6K-
Selling, general and admin$16.17M$21.04M$21.89M$12.47M$7.84M$5.12M$4.78M$4.18M$4.02M$4.67M
Operating income$3.04M$24.52M$21.07M$28.52M$15.73M-$6.86M$6.38M$5.74M-$4.21M$23.4K
Interest expense$2.95M$3.07M$2.22M$255.0K$24.6K$4.8K$17.5K$27.8K--
Pre-tax income$7.69M$23.31M$28.19M$18.33M$15.22M-$6.84M$6.82M$5.76M-$4.15M$398.7K
Income tax$1.61M$5.97M$6.84M$4.26M$3.80M-$1.59M$1.72M$1.83M-$1.47M$104.7K
Net income$6.08M$17.34M$21.34M$14.07M$11.42M-$5.25M$5.10M$3.93M-$2.68M$294.0K
EPS, basic$0.87$2.39$2.91$2.04$1.63-$0.75$0.73$0.56-$0.39$0.04
EPS, diluted$0.87$2.39$2.91$2.04$1.63-$0.75$0.73$0.56-$0.39$0.04
Diluted shares6.9M7.2M7.2M6.6M6.7M7.0M7.0M7.0M6.9M6.8M

Balance sheet

Balance sheet
Line item
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
FY2016
Mar 31, 2016
Cash and equivalents$3.69M$2.89M$2.99M$2.60M$8.19M$17.06M$11.67M$4.05M$1.46M$2.80M
Receivables$47.48M$47.33M$49.37M$35.67M$20.38M$11.71M$13.18M$13.18M$8.94M$4.82M
Inventory$113.69M$115.80M$86.25M$67.95M$36.02M$35.67M$49.06M$49.06M$34.92M$41.94M
Current assets$166.47M$170.06M$143.66M$125.36M$77.53M$65.21M$74.46M$74.46M$45.43M$49.70M
Total assets$226.82M$230.02M$199.31M$159.28M$95.01M$77.34M$86.60M$86.60M$63.26M$66.89M
Current liabilities$38.32M$54.11M$45.09M$60.81M$29.07M$9.65M$12.36M$12.36M$2.36M$2.87M
Total liabilities$94.40M$102.54M$83.88M$79.59M$29.67M$10.48M$14.12M$14.12M$2.91M$3.65M
Shareholders' equity$132.43M$127.47M$115.43M$79.69M$65.34M$66.87M$72.48M$72.48M$60.36M$63.24M

Cash flow

Cash flow
Line item
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
FY2016
Mar 31, 2016
Operating cash flow-$4.41M$4.98M$63.89M-$13.40M$8.43M$11.23M$9.63M$3.25M-$202.7K$3.03M
Capital expenditures$4.00M$5.79M$16.45M$8.06M$4.61M$4.94M$808.0K$349.2K$799.3K$2.12M
Free cash flow-$8.41M-$813.0K$47.44M-$21.46M$3.82M$6.30M$8.82M$2.90M-$1.00M$901.8K
Investing cash flow-$3.43M-$5.80M-$88.19M-$7.92M-$4.59M-$4.95M-$825.9K-$374.1K-$858.3K-$2.18M
Financing cash flow$6.09M$1.34M$13.56M$17.25M-$701.9K-$889.6K-$1.19M-$280.4K-$274.1K-$272.0K
Dividends paid$1.11M$581.0K$589.0K$551.0K$564.2K$839.9K$1.19M$280.4K$274.1K$272.0K
Share repurchases$171.0K$5.15M$37.0K$538.0K$1.73M-----
Depreciation and amortization$3.29M$3.07M$2.53M-------

Key ratios

Key ratios
Line item
FY2025
Mar 31, 2025
FY2024
Mar 31, 2024
FY2023
Mar 31, 2023
FY2022
Mar 31, 2022
FY2021
Mar 31, 2021
FY2020
Mar 31, 2020
FY2019
Mar 31, 2019
FY2018
Mar 31, 2018
FY2017
Mar 31, 2017
FY2016
Mar 31, 2016
Revenue growth, YoY-13.9%-5.7%92.0%126.2%-11.3%-24.1%54.5%55.8%--
Net income growth, YoY-64.9%-18.7%51.7%23.1%--29.6%---23.1%
EPS growth, YoY-63.6%-17.9%42.6%25.2%--30.4%---33.3%
Gross margin0.6%4.7%7.9%14.4%18.7%1.8%6.9%8.2%-0.2%-
Operating margin0.7%4.7%3.8%10.0%12.5%-4.8%3.4%4.7%-5.4%-
Net margin1.4%3.4%3.9%4.9%9.1%-3.7%2.7%3.2%-3.4%-
Free cash flow margin-1.9%-0.2%8.7%-7.5%3.0%4.4%4.7%2.4%-1.3%-
Return on equity4.6%13.6%18.5%17.7%17.5%-7.9%7.0%5.4%-4.4%0.5%
Return on assets2.7%7.5%10.7%8.8%12.0%-6.8%5.9%4.5%-4.2%0.4%
Current ratio4.343.143.192.062.676.766.026.0219.2817.34

Source: XBRL data Friedman Industries Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FRD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FRD$584.35M+30.5%$15.66M2.7%$259.7M
NUE$36.10B+17.2%$2.88B8.0%$55.58B
MT$61.35B-1.7%$3.15B5.1%$46.41B
STLD$22.22B+26.0%$1.95B8.8%$31.70B
TS$11.98B-4.3%$1.93B16.1%$31.16B
ATI$5.01B+9.4%$555.60M11.1%$23.88B
PKX₩68.99T-6.1%₩690.69B1.0%$15.83B
CRS$3.19B+10.2%$569.80M17.9%$13.79B
TX$15.61B-11.6%$425.23M2.7%$9.65B

FRD FAQ

7 questions
  • What is FRD revenue?
    Friedman Industries Inc. (FRD) reported $584.35M of revenue for the twelve months ended Dec 31, 2025. That is up 30.5% from the year before. Revenue for fiscal 2025 was $444.60M.
  • Is FRD profitable?
    Yes. Friedman Industries Inc. earned $15.66M in net income for the twelve months ended Dec 31, 2025, a net margin of 2.7%.
  • How much cash and debt does FRD have?
    Friedman Industries Inc. reported $5.64M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is FRD revenue growing?
    Friedman Industries Inc.'s revenue changed -13.9% in fiscal 2025, to $444.60M. Its compound annual growth rate was +25.6% over 5 years.
  • What is FRD free cash flow?
    Friedman Industries Inc. generated -$7.45M of free cash flow for the twelve months ended Dec 31, 2025, which is operating cash flow of -$658.0K less capital expenditures.
  • When did FRD last report financial results?
    The latest statements here come from Friedman Industries Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this FRD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Friedman Industries Inc. files with the SEC. It is provided for information only and is not investment advice.