Friedman Industries Inc. (FRD) Financials

FRD

FY2026 annual

Revenue Not reported for FY2026

Net Income $19.5M +221.0% YoY

EPS (Diluted) Not reported for FY2026

Free Cash Flow Not reported for FY2026

Market Cap $297.6M as of Oct 16, 2026

Price / Sales n/m no revenue reported

Price / Earnings 15.2x on $19.5M net income, FY2026

Price / Book 1.8x on $164.2M equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE March

Newest figures come from the 10-Q for Q1 FY2027, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FRD SEC filings page.

This page shows Friedman Industries Inc. (FRD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FRD FY2026 2026-10-04

Thin, cyclical-looking margins and rising working-capital needs make balance-sheet financing increasingly important to this business.

Earnings quality weakened alongside margins: gross margin narrowed from 7.9% in FY2023 to 0.6% in FY2025, while operating cash flow shifted from $63.9M to -$4.4M. That pairing suggests weaker unit economics were also consuming cash, not merely reducing reported profit.

By FY2026, working capital absorbed more resources: inventory reached $172M while receivables reached $80.2M, tying capital to goods and customer balances rather than immediately realized cash. The debt-to-equity ratio moved from 0.7x in FY2025 to 1.2x in FY2026, indicating greater reliance on obligations relative to owners’ capital.

At the FY2025 trough, operating margin was 0.7% and return on assets was 2.7%, so small changes in gross economics had an outsized effect on reported returns. FY2026 net income of $19.5M and return on equity of 12.9% indicate a rebound from FY2025, although the available FY2026 figures do not include revenue or cash-flow measures needed to assess its cash quality.

Financial Health Signals

Financial health score not available

Friedman Industries Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue

$240.0M

YoY+78.1%

Friedman Industries Inc. generated $240.0M in revenue in Q1 2027. This represents an increase of 78.1% from the same quarter a year earlier.

EBITDA

$22.1M

YoY+180.1%

Friedman Industries Inc.'s EBITDA was $22.1M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 180.1% from the same quarter a year earlier.

Net Income

$12.8M

YoY+154.3%

Friedman Industries Inc. reported $12.8M in net income in Q1 2027. This represents an increase of 154.3% from the same quarter a year earlier.

EPS (Diluted)

$1.79

YoY+152.1%

Friedman Industries Inc. earned $1.79 per diluted share (EPS) in Q1 2027. This represents an increase of 152.1% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow

$5.1M

YoY-62.5%

Friedman Industries Inc. generated $5.1M in free cash flow in Q1 2027, representing cash available after capex. This represents a decrease of 62.5% from the same quarter a year earlier.

Cash & Debt

$5.0M

YoY+139.5%

QoQ+105.2%

5Y CAGR+41.4%

10Y CAGR+19.9%

Friedman Industries Inc. held $5.0M in cash as of Q1 2027; long-term debt is not reported for that period.

Dividends Per Share

$0.04

YoY0.0%

Friedman Industries Inc. paid $0.04 per share in dividends in Q1 2027. That is unchanged from the same quarter a year earlier.

Shares Outstanding

YoY+2.2%

Friedman Industries Inc. had 7M shares outstanding in Q1 2027. This represents an increase of 2.2% from the same quarter a year earlier.

Margins & Returns

Gross Margin

8.8%

YoY+3.5pp

Friedman Industries Inc.'s gross margin was 8.8% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 3.5 percentage points from the same quarter a year earlier.

Operating Margin

8.8%

YoY+3.5pp

Friedman Industries Inc.'s operating margin was 8.8% in Q1 2027, reflecting core business profitability. This is up 3.5 percentage points from the same quarter a year earlier.

Net Margin

5.3%

YoY+1.6pp

Friedman Industries Inc.'s net profit margin was 5.3% in Q1 2027, showing the share of revenue converted to profit. This is up 1.6 percentage points from the same quarter a year earlier.

Return on Equity

7.8%

YoY+4.1pp

Friedman Industries Inc.'s ROE was 7.8% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 4.1 percentage points from the same quarter a year earlier.

Capital Allocation

Share Buybacks

$82K

YoY+720.0%

Friedman Industries Inc. spent $82K on share buybacks in Q1 2027, returning capital to shareholders by reducing shares outstanding. This represents an increase of 720.0% from the same quarter a year earlier.

Capital Expenditures

$2.2M

YoY+22.0%

Friedman Industries Inc. invested $2.2M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 22.0% from the same quarter a year earlier.

R&D Spending

Not reported for Q1 2027.

FRD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FRD quarterly income statement

Metric	FY26DEF 14A	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	N/A	$444.6M-13.9%	$516.3M-5.7%	$547.5M+92.0%	$285.2M+126.2%	$126.1M-11.3%	$142.1M-24.1%	$187.2M+54.5%	$121.2M+55.8%	$77.8M-4.7%	$81.6M-24.6%	$108.3M-6.7%	$116.1M-14.9%	$136.4M-15.5%	$161.5M
Cost of Revenue	N/A	$441.8M-10.2%	$491.7M-2.5%	$504.5M+106.5%	$244.2M+138.3%	$102.5M-26.5%	$139.5M-19.9%	$174.2M+56.7%	$111.2M+42.7%	$77.9M+1.3%	$76.9M-25.5%	$103.2M-5.4%	$109.1M-10.6%	$122.0M-15.2%	$143.9M
Gross Profit	N/A	$2.8M-88.6%	$24.5M-43.1%	$43.1M+5.1%	$41.0M+73.8%	$23.6M+803.5%	$2.6M-79.8%	$12.9M+29.7%	$9.9M+5292.1%	-$192K-104.1%	$4.7M-7.6%	$5.1M-28.1%	$7.1M-51.0%	$14.4M-18.2%	$17.6M
SG&A Expenses	N/A	$16.2M-23.1%	$21.0M-3.9%	$21.9M+75.6%	$12.5M+59.1%	$7.8M+52.9%	$5.1M+7.2%	$4.8M+14.4%	$4.2M+4.1%	$4.0M-14.0%	$4.7M+4.9%	$4.5M-2.9%	$4.6M-13.7%	$5.3M-3.2%	$5.5M
Operating Income	N/A	$3.0M-87.6%	$24.5M+16.3%	$21.1M-26.1%	$28.5M+81.4%	$15.7M+329.3%	-$6.9M-207.4%	$6.4M+11.2%	$5.7M+236.3%	-$4.2M-18113.0%	$23K-96.3%	$625K-74.8%	$2.5M-72.8%	$9.1M-25.0%	$12.1M
EBITDA	N/A	$6.3M-77.0%	$27.6M+16.9%	$23.6M-21.2%	$29.9M+77.8%	$16.8M+418.7%	-$5.3M-168.4%	$7.7M+8.8%	$7.1M+371.3%	-$2.6M-254.1%	$1.7M-27.7%	$2.3M-45.4%	$4.3M-60.5%	$10.9M-22.1%	$14.0M
Interest Expense	N/A	$3.0M-3.9%	$3.1M+38.5%	$2.2M+769.8%	$255K+935.8%	$25K+412.3%	$5K-72.6%	$18K-37.0%	$28K	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$1.6M-73.1%	$6.0M-12.8%	$6.8M+60.5%	$4.3M+12.3%	$3.8M+339.0%	-$1.6M-192.2%	$1.7M-5.8%	$1.8M+224.3%	-$1.5M-1506.3%	$105K-65.5%	$303K-63.2%	$824K-72.6%	$3.0M-25.8%	$4.1M
Net Income	$19.5M+221.0%	$6.1M-64.9%	$17.3M-18.7%	$21.3M+51.7%	$14.1M+23.1%	$11.4M+317.6%	-$5.2M-202.9%	$5.1M+29.6%	$3.9M+246.9%	-$2.7M-1011.1%	$294K-23.1%	$382K-77.7%	$1.7M-72.1%	$6.1M-24.7%	$8.2M
EPS (Basic)	N/A	$0.87-63.6%	$2.39-17.9%	$2.91+42.6%	$2.04+25.2%	$1.63+317.3%	-$0.75-202.7%	$0.73+30.4%	$0.56+243.6%	-$0.39-1075.0%	$0.04-33.3%	$0.06-76.0%	$0.25-72.2%	$0.90-25.0%	$1.20
EPS (Diluted)	N/A	$0.87-63.6%	$2.39-17.9%	$2.91+42.6%	$2.04+25.2%	$1.63+317.3%	-$0.75-202.7%	$0.73+30.4%	$0.56+243.6%	-$0.39-1075.0%	$0.04-33.3%	$0.06-76.0%	$0.25-72.2%	$0.90-25.0%	$1.20
Diluted Shares (Avg)	N/A	7M-3.3%	7M-0.4%	7M+8.9%	7M-1.2%	7M-4.2%	7M-0.1%	7M0.0%	7M+2.3%	7M+0.8%	7M0.0%	7M0.0%	7M0.0%	7M0.0%	7M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q
Revenue	$240.0M+78.1%	N/A	$168.0M+78.6%	$152.4M+42.7%	$134.8M+17.7%	$129.2M-2.3%	$94.1M-18.9%	$106.8M-18.3%
Cost of Revenue	$218.9M+71.4%	N/A	$164.1M+7294.1%	$149.5M+39.7%	$127.7M+10.2%	$216.7M+54.4%	$2.2M-97.9%	$107.0M-14.4%
Gross Profit	$21.0M+198.7%	N/A	$3.9M-95.8%	$2.9M+1385.3%	$7.0M+603.8%	-$87.4M-983.1%	$91.9M+779.7%	-$224K-103.8%
SG&A Expenses	$10.8M+98.7%	N/A	$7.2M+83.9%	$6.3M+59.8%	$5.5M+20.9%	$3.8M-37.5%	$3.9M-8.2%	$3.9M-16.8%
Operating Income	$21.0M+198.7%	N/A	$3.9M+428.5%	$2.9M+1385.3%	$7.0M+603.8%	$5.9M-15.6%	-$1.2M-119.2%	-$224K-121.2%
EBITDA	$22.1M+180.1%	N/A	$4.9M+1462.8%	$3.8M+537.1%	$7.9M+1408.5%	$6.7M-13.2%	-$360K-105.2%	$599K-67.0%
Interest Expense	$1.2M+80.5%	N/A	$1.3M+102.2%	$754K-13.2%	$678K-0.4%	$771K-17.7%	$632K-20.0%	$869K+8.0%
Income Tax	$4.2M+159.3%	N/A	$961K+340.3%	$737K+424.7%	$1.6M+120.9%	$1.5M-31.1%	-$400K-640.5%	-$227K-119.8%
Net Income	$12.8M+154.3%	N/A	$3.0M+364.1%	$2.2M+431.9%	$5.0M+95.9%	$5.3M+7.8%	-$1.2M-197.3%	-$675K-119.2%
EPS (Basic)	$1.79+152.1%	N/A	$0.43+352.9%	$0.32+420.0%	$0.71+91.9%	$0.76+8.6%	-$0.17-206.3%	-$0.10-120.8%
EPS (Diluted)	$1.79+152.1%	N/A	$0.43+352.9%	$0.32+420.0%	$0.71+91.9%	$0.76+8.6%	-$0.17-206.3%	-$0.10-120.8%

Not reported in any period shown, so not listed: R&D Expenses, Diluted Shares (Avg).

FRD Balance Sheet

FRD quarterly balance sheet

Metric	FY26DEF 14A	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$336.8M+48.5%	$226.8M-1.4%	$230.0M+15.4%	$199.3M+25.1%	$159.3M+67.6%	$95.0M+22.8%	$77.3M-10.7%	$86.6M0.0%	$86.6M+36.9%	$63.3M-5.4%	$66.9M-0.1%	$67.0M-7.4%	$72.3M-5.6%	$76.6M-2.5%	$78.6M
Current Assets	$257.0M+54.4%	$166.5M-2.1%	$170.1M+18.4%	$143.7M+14.6%	$125.4M+61.7%	$77.5M+18.9%	$65.2M-12.4%	$74.5M0.0%	$74.5M+63.9%	$45.4M-8.6%	$49.7M-0.8%	$50.1M-16.3%	$59.8M-6.9%	$64.3M-1.1%	$65.0M
Cash & Equivalents	$2.5M-33.5%	$3.7M+27.5%	$2.9M-3.4%	$3.0M+15.2%	$2.6M-68.3%	$8.2M-52.0%	$17.1M+46.2%	$11.7M+187.9%	$4.1M+177.3%	$1.5M-47.7%	$2.8M+25.6%	$2.2M-85.2%	$15.1M-5.3%	$15.9M+34.0%	$11.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$172.2M+51.5%	$113.7M-1.8%	$115.8M+34.3%	$86.2M+26.9%	$67.9M+88.7%	$36.0M+1.0%	$35.7M-27.3%	$49.1M0.0%	$49.1M+40.5%	$34.9M-16.7%	$41.9M+2.7%	$40.9M+15.8%	$35.3M-10.0%	$39.2M+6.7%	$36.8M
Accounts Receivable	$80.2M+68.9%	$47.5M+0.3%	$47.3M-4.1%	$49.4M+38.4%	$35.7M+75.0%	$20.4M+74.1%	$11.7M-11.2%	$13.2M0.0%	$13.2M+47.5%	$8.9M+85.4%	$4.8M-30.1%	$6.9M-26.2%	$9.3M+3.4%	$9.0M-44.5%	$16.3M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$185.3M+96.3%	$94.4M-7.9%	$102.5M+22.3%	$83.9M+5.4%	$79.6M+168.3%	$29.7M+183.1%	$10.5M-25.8%	$14.1M0.0%	$14.1M+385.8%	$2.9M-20.4%	$3.7M-2.4%	$3.7M-58.3%	$9.0M-34.1%	$13.6M-10.1%	$15.2M
Current Liabilities	$76.1M+98.7%	$38.3M-29.2%	$54.1M+20.0%	$45.1M-25.9%	$60.8M+109.2%	$29.1M+201.4%	$9.6M-22.0%	$12.4M0.0%	$12.4M+424.7%	$2.4M-17.8%	$2.9M+8.1%	$2.7M-65.9%	$7.8M-36.9%	$12.3M-11.1%	$13.9M
Non-Current Liabilities	$109.2M+94.7%	$56.1M+15.8%	$48.4M+24.9%	$38.8M+106.6%	$18.8M+3047.5%	$597K-28.4%	$833K-52.5%	$1.8M0.0%	$1.8M+219.0%	$550K-30.0%	$786K-27.9%	$1.1M-9.4%	$1.2M-7.8%	$1.3M+0.4%	$1.3M
Total Equity	$151.5M+14.4%	$132.4M+3.9%	$127.5M+10.4%	$115.4M+44.9%	$79.7M+22.0%	$65.3M-2.3%	$66.9M-7.7%	$72.5M0.0%	$72.5M+20.1%	$60.4M-4.6%	$63.2M0.0%	$63.2M-0.1%	$63.3M+0.6%	$63.0M-0.7%	$63.4M
Retained Earnings	$119.7M+18.2%	$101.3M+5.2%	$96.3M+20.9%	$79.7M+35.2%	$58.9M+29.8%	$45.4M+31.5%	$34.5M-14.7%	$40.5M0.0%	$40.5M+40.6%	$28.8M-9.3%	$31.7M+0.1%	$31.7M-0.3%	$31.8M+1.1%	$31.5M-1.4%	$31.9M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q
Total Assets	$373.4M+70.5%	$336.8M+48.5%	$311.9M+48.3%	$311.3M+48.8%	$219.1M-1.7%	$226.8M-1.4%	$210.3M-8.2%	$209.2M-5.8%
Current Assets	$291.1M+84.3%	$257.0M+54.4%	$231.5M+55.1%	$231.3M+56.3%	$157.9M-2.8%	$166.5M-2.1%	$149.3M-12.6%	$148.0M-10.4%
Cash & Equivalents	$5.0M+139.5%	$2.5M-33.5%	$3.0M+179.5%	$4.6M+85.4%	$2.1M-49.4%	$3.7M+27.5%	$1.1M-73.2%	$2.5M-21.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$191.1M+84.7%	$172.2M+51.5%	$169.2M+46.6%	$161.6M+53.8%	$103.5M-13.6%	$113.7M-1.8%	$115.4M+1.3%	$105.1M+0.5%
Accounts Receivable	$90.7M+78.8%	$80.2M+68.9%	$55.8M+75.9%	$62.3M+57.1%	$50.7M+34.3%	$47.5M+0.3%	$31.7M-28.6%	$39.6M-24.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$209.3M+155.9%	$185.3M+96.3%	$169.6M+104.6%	$172.0M+113.9%	$81.8M-12.1%	$94.4M-7.9%	$82.9M-21.9%	$80.4M-15.6%
Current Liabilities	$100.3M+147.8%	$76.1M+98.7%	$64.4M+52.4%	$71.4M+96.3%	$40.5M+4.3%	$38.3M-29.2%	$42.3M-22.6%	$36.4M+3.0%
Non-Current Liabilities	$109.0M+163.7%	$109.2M+94.7%	$105.2M+158.9%	$100.6M+128.5%	$41.3M-23.9%	$56.1M+15.8%	$40.6M-21.2%	$44.0M-26.6%
Total Equity	$164.2M+19.6%	$151.5M+14.4%	$142.2M+11.7%	$139.3M+8.2%	$137.3M+5.9%	$132.4M+3.9%	$127.3M+3.7%	$128.8M+1.5%
Retained Earnings	$132.1M+24.7%	$119.7M+18.2%	$110.7M+15.1%	$108.0M+10.6%	$106.0M+7.5%	$101.3M+5.2%	$96.2M+5.0%	$97.6M+7.8%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

FRD Cash Flow Statement

FRD quarterly cash flow statement

Metric	FY26DEF 14A	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	N/A	-$4.4M-188.6%	$5.0M-92.2%	$63.9M+576.9%	-$13.4M-259.0%	$8.4M-25.0%	$11.2M+16.6%	$9.6M+196.8%	$3.2M+1701.4%	-$203K-106.7%	$3.0M+147.5%	-$6.4M-320.2%	$2.9M-74.8%	$11.5M+36.0%	$8.5M
Depreciation & Amortization	N/A	$3.3M+7.2%	$3.1M+21.5%	$2.5M+77.5%	$1.4M+27.8%	$1.1M-29.3%	$1.6M+17.5%	$1.3M-1.2%	$1.4M-14.9%	$1.6M-4.7%	$1.7M-2.8%	$1.7M-5.6%	$1.8M+1.8%	$1.8M-2.7%	$1.8M
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0	N/A	N/A	N/A
Capital Expenditures	N/A	$4.0M-30.9%	$5.8M-64.8%	$16.5M+104.0%	$8.1M+75.0%	$4.6M-6.6%	$4.9M+510.8%	$808K+131.4%	$349K-56.3%	$799K-62.4%	$2.1M-63.8%	$5.9M+208.1%	$1.9M+281.8%	$499K+55.4%	$321K
Free Cash Flow	N/A	-$8.4M-934.7%	-$813K-101.7%	$47.4M+321.0%	-$21.5M-662.2%	$3.8M-39.4%	$6.3M-28.6%	$8.8M+204.7%	$2.9M+389.0%	-$1.0M-211.1%	$902K+107.4%	-$12.3M-1340.4%	$988K-91.0%	$11.0M+35.3%	$8.1M
Investing Cash Flow	N/A	-$3.4M+40.8%	-$5.8M+93.4%	-$88.2M-1013.8%	-$7.9M-72.5%	-$4.6M+7.3%	-$5.0M-499.7%	-$826K-120.8%	-$374K+56.4%	-$858K	N/A	N/A	N/A	-$519K-36.4%	-$381K
Financing Cash Flow	N/A	$6.1M+355.9%	$1.3M-90.1%	$13.6M-21.4%	$17.2M+2556.9%	-$702K+21.1%	-$890K+25.3%	-$1.2M-325.0%	-$280K-2.3%	-$274K	N/A	N/A	N/A	-$6.9M-104.0%	-$3.4M
Dividends Paid	N/A	$1.1M+91.9%	$581K-1.4%	$589K+6.9%	$551K-2.3%	$564K-32.8%	$840K-29.5%	$1.2M+325.0%	$280K+2.3%	$274K+0.8%	$272K-50.0%	$544K-69.2%	$1.8M-74.5%	$6.9M+104.0%	$3.4M
Share Buybacks	N/A	$171K-96.7%	$5.2M+13821.6%	$37K-93.1%	$538K-68.9%	$1.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$7.3M-52.8%	N/A	-$4.7M-275.9%	$437K-95.9%	$15.5M+355.6%	-$11.8M-398.7%	$2.7M-87.3%	$10.8M+168.9%
Depreciation & Amortization	$1.1M+26.2%	N/A	$1.0M+21.8%	$937K+13.9%	$847K+6.5%	$846K+8.9%	$827K+9.7%	$823K+8.4%
Capital Expenditures	$2.2M+22.0%	N/A	$1.6M+39.8%	$2.5M+190.4%	$1.8M+69.0%	$957K-6.0%	$1.1M-39.5%	$846K-65.2%
Free Cash Flow	$5.1M-62.5%	N/A	-$6.3M-508.6%	-$2.0M-120.3%	$13.7M+292.7%	-$12.8M-534.4%	$1.6M-92.0%	$9.9M+154.9%
Investing Cash Flow	-$1.1M+37.8%	N/A	-$1.6M-360.6%	-$48.1M-2504.8%	-$1.8M-68.5%	-$184K+82.0%	-$348K+81.6%	-$1.8M+24.3%
Financing Cash Flow	-$1.4M+90.4%	N/A	$4.8M+230.5%	$49.8M+572.5%	-$15.0M-379.2%	$14.9M+356.0%	-$3.7M+73.3%	-$10.5M-170.8%
Dividends Paid	$284K+0.7%	N/A	$281K+0.7%	$283K+1.8%	$282K+1.1%	$279K+102.2%	$279K+88.5%	$278K+89.1%
Share Buybacks	$82K+720.0%	N/A	$1K-97.3%	-$1K-90.9%	$10K-91.9%	$0	$37K-99.3%	$11K+175.0%

Not reported in any period shown, so not listed: Stock-Based Compensation.

FRD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FRD quarterly financial ratios

Metric	FY26DEF 14A	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	N/A	0.6%-4.1pp	4.8%-3.1pp	7.9%-6.5pp	14.4%-4.3pp	18.7%+16.9pp	1.8%-5.1pp	6.9%-1.3pp	8.2%+8.5pp	-0.3%-6.0pp	5.8%+1.1pp	4.7%-1.4pp	6.1%-4.5pp	10.5%-0.4pp	10.9%
Operating Margin	N/A	0.7%-4.1pp	4.8%+0.9pp	3.9%-6.2pp	10.0%-2.5pp	12.5%+17.3pp	-4.8%-8.2pp	3.4%-1.3pp	4.7%+10.2pp	-5.4%-5.4pp	0.0%-0.5pp	0.6%-1.6pp	2.1%-4.5pp	6.7%-0.8pp	7.5%
Net Margin	N/A	1.4%-2.0pp	3.4%-0.5pp	3.9%-1.0pp	4.9%-4.1pp	9.1%+12.8pp	-3.7%-6.4pp	2.7%-0.5pp	3.3%+6.7pp	-3.4%-3.8pp	0.4%0.0pp	0.4%-1.1pp	1.5%-3.0pp	4.5%-0.6pp	5.1%
Return on Equity	12.9%+8.3pp	4.6%-9.0pp	13.6%-4.9pp	18.5%+0.8pp	17.6%+0.2pp	17.5%+25.3pp	-7.8%-14.9pp	7.0%+1.6pp	5.4%+9.9pp	-4.4%-4.9pp	0.5%-0.1pp	0.6%-2.1pp	2.7%-7.0pp	9.8%-3.1pp	12.8%
Return on Assets	5.8%+3.1pp	2.7%-4.9pp	7.5%-3.2pp	10.7%+1.9pp	8.8%-3.2pp	12.0%+18.8pp	-6.8%-12.7pp	5.9%+1.3pp	4.5%+8.8pp	-4.2%-4.7pp	0.4%-0.1pp	0.6%-1.8pp	2.4%-5.6pp	8.0%-2.4pp	10.4%
Current Ratio	3.38-1.0x	4.34+1.2x	3.140.0x	3.19+1.1x	2.06-0.6x	2.67-4.1x	6.76+0.7x	6.020.0x	6.02-13.3x	19.28+1.9x	17.34-1.6x	18.90+11.2x	7.70+2.5x	5.22+0.5x	4.69
Debt-to-Equity	1.22+0.5x	0.71-0.1x	0.80+0.1x	0.73-0.3x	1.00+0.5x	0.45+0.3x	0.160.0x	0.190.0x	0.19+0.1x	0.050.0x	0.060.0x	0.06-0.1x	0.14-0.1x	0.220.0x	0.24
Asset Turnover	N/A	1.96-0.3x	2.24-0.5x	2.75+1.0x	1.79+0.5x	1.33-0.5x	1.84-0.3x	2.16+0.8x	1.40+0.2x	1.230.0x	1.22-0.4x	1.620.0x	1.61-0.2x	1.78-0.3x	2.06
FCF Margin	N/A	-1.9%-1.7pp	-0.2%-8.8pp	8.7%+16.2pp	-7.5%-10.6pp	3.0%-1.4pp	4.4%-0.3pp	4.7%+2.3pp	2.4%+3.7pp	-1.3%-2.4pp	1.1%+12.4pp	-11.3%-12.2pp	0.9%-7.2pp	8.1%+3.0pp	5.0%

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q
Gross Margin	8.8%+3.5pp	N/A	2.3%-95.3pp	1.9%+2.1pp	5.2%+6.5pp	-67.7%-61.6pp	97.6%+88.6pp	-0.2%-4.7pp
Operating Margin	8.8%+3.5pp	N/A	2.3%+3.6pp	1.9%+2.1pp	5.2%+6.5pp	4.5%-0.7pp	-1.3%-6.6pp	-0.2%-1.0pp
Net Margin	5.3%+1.6pp	N/A	1.8%+3.0pp	1.5%+2.1pp	3.7%+1.5pp	4.1%+0.4pp	-1.2%-2.2pp	-0.6%-3.3pp
Return on Equity	7.8%+4.1pp	N/A	2.1%+3.0pp	1.6%+2.1pp	3.7%+1.7pp	4.0%+0.2pp	-0.9%-1.9pp	-0.5%-3.3pp
Return on Assets	3.4%+1.1pp	N/A	1.0%+1.5pp	0.7%+1.0pp	2.3%+1.1pp	2.4%+0.2pp	-0.5%-1.1pp	-0.3%-1.9pp
Current Ratio	2.90-1.0x	3.38-1.0x	3.59+0.1x	3.24-0.8x	3.90-0.3x	4.34+1.2x	3.53+0.4x	4.07-0.6x
Debt-to-Equity	1.27+0.7x	1.22+0.5x	1.19+0.5x	1.24+0.6x	0.60-0.1x	0.71-0.1x	0.65-0.2x	0.62-0.1x
Asset Turnover	0.640.0x	N/A	0.54+0.1x	0.490.0x	0.62+0.1x	0.570.0x	0.45-0.1x	0.51-0.1x
FCF Margin	2.1%-8.0pp	N/A	-3.8%-5.4pp	-1.3%-10.6pp	10.2%+16.4pp	-9.9%-12.1pp	1.7%-15.1pp	9.3%+23.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Friedman Industries Inc. FRD	FY2026	N/A	$19.5M	N/A	$297.6M	—
Ascent Industries Co. ACNT	FY2025	$74.9M	$867K	1.2%	$122.2M	41/100
FST Corp. KBSX	FY2025	$48.0M	-$1.5M	-3.1%	$62.9M	58/100
Olympic Steel, Inc. ZEUS	FY2024	$1.9B	$23.0M	1.2%	$539.0M	44/100
Luda Technology Group Limited LUD	FY2025	$33.5M	$557K	1.7%	$82.8M	38/100
Metallus Inc. MTUS	FY2025	$1.2B	-$1.2M	-0.1%	$857.2M	20/100

Where Friedman Industries Inc. Ranks

Frequently Asked Questions

Is Friedman Industries Inc. profitable?

Yes, Friedman Industries Inc. (FRD) reported a net income of $19.5M in fiscal year 2026.

What is Friedman Industries Inc.'s return on equity (ROE)?

Friedman Industries Inc. (FRD) has a return on equity of 12.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What are Friedman Industries Inc.'s total assets?

Friedman Industries Inc. (FRD) had $336.8M in total assets as of fiscal year 2026, including both current and long-term assets.

What is Friedman Industries Inc.'s current ratio?

Friedman Industries Inc. (FRD) had a current ratio of 3.38 as of fiscal year 2026, which is generally considered healthy.

What is Friedman Industries Inc.'s debt-to-equity ratio?

Friedman Industries Inc. (FRD) had a debt-to-equity ratio of 1.22 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Friedman Industries Inc.'s return on assets (ROA)?

Friedman Industries Inc. (FRD) had a return on assets of 5.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Friedman Industries Inc.'s P/E ratio?

Friedman Industries Inc. (FRD) trades at 15.2x earnings, its market capitalization divided by net income of $19.5M net income, FY2026. The market capitalization is $297.6M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Friedman Industries Inc.'s price-to-sales ratio?

Friedman Industries Inc. (FRD) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $297.6M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.