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

This page shows Friedman Inds (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

FRD’s recent operating model combines compressed margins with inventory-heavy growth and a balance sheet carrying more leverage.

Revenue contracted from $547.5M in FY2023 to $444.6M in FY2025, while gross margin compression made the decline more than a volume issue. Gross margin fell from 7.9% to 0.6%, leaving little room for selling and administrative costs to absorb weaker sales.

Cash conversion reversed: operating cash flow moved from $63.9M in FY2023 to -$4.4M in FY2025, indicating reported earnings no longer funded operations internally. Free cash flow shifted from $47.4M to -$8.4M over the same span, so reinvestment became an additional cash claim rather than being covered by operations.

By FY2026, inventory was $172.2M and receivables were $80.2M; the asset base is therefore tied heavily to converting working capital into cash. The current ratio was 3.4x, but debt-to-equity was 1.2x; liquidity is therefore not synonymous with low leverage.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Friedman Inds 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

Net Income
$19.5M
YoY+221.0%
5Y CAGR+11.3%
10Y CAGR+52.1%

Friedman Inds reported $19.5M in net income in fiscal year 2026. This represents an increase of 221.0% from the prior year.

Revenue

Not reported for fiscal year 2026.

EBITDA

Not reported for fiscal year 2026.

EPS (Diluted)

Not reported for fiscal year 2026.

Cash & Balance Sheet

Cash & Debt
$2.5M
YoY-33.5%
5Y CAGR-21.4%
10Y CAGR-1.3%

Friedman Inds held $2.5M in cash as of fiscal year 2026; long-term debt is not reported for that period.

Free Cash Flow

Not reported for fiscal year 2026.

Dividends Per Share

Not reported for fiscal year 2026.

Shares Outstanding

Not reported for fiscal year 2026.

Margins & Returns

Return on Equity
12.9%
YoY+8.3pp
5Y CAGR-4.6pp
10Y CAGR+12.4pp

Friedman Inds's ROE was 12.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 8.3 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2026.

Operating Margin

Not reported for fiscal year 2026.

Net Margin

Not reported for fiscal year 2026.

Capital Allocation

None of these metrics is reported for fiscal year 2026.

FRD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FRD quarterly income statement
MetricQ1'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Revenue$240.0MN/A$168.0M+10.2%$152.4M+13.1%$134.8M+4.3%$129.2M+37.4%$94.1M-11.9%$106.8M
Cost of Revenue$218.9MN/A$164.1M+9.7%$149.5M+17.0%$127.7M-41.0%$216.7M+9664.0%$2.2M-97.9%$107.0M
Gross Profit$21.0MN/A$3.9M+35.4%$2.9M-59.1%$7.0M+108.1%-$87.4M-195.2%$91.9M+41106.7%-$224K
SG&A Expenses$10.8MN/A$7.2M+13.7%$6.3M+15.3%$5.5M+42.1%$3.8M-1.3%$3.9M-1.2%$3.9M
Operating Income$21.0MN/A$3.9M+35.4%$2.9M-59.1%$7.0M+20.4%$5.9M+593.0%-$1.2M-429.9%-$224K
Interest Expense$1.2MN/A$1.3M+69.5%$754K+11.2%$678K-12.1%$771K+22.0%$632K-27.3%$869K
Income Tax$4.2MN/A$961K+30.4%$737K-54.4%$1.6M+7.6%$1.5M+475.8%-$400K-76.2%-$227K
Net Income$12.8MN/A$3.0M+35.8%$2.2M-55.4%$5.0M-5.9%$5.3M+564.0%-$1.2M-70.7%-$675K
EPS (Diluted)$1.79N/A$0.43+34.4%$0.32-54.9%$0.71-6.6%$0.76+547.1%-$0.17-70.0%-$0.10

Not reported in any period shown, so not listed: R&D Expenses.

FRD Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FRD quarterly balance sheet
MetricQ1'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Total Assets$373.4M+10.9%$336.8M+8.0%$311.9M+0.2%$311.3M+42.1%$219.1M-3.4%$226.8M+7.9%$210.3M+0.5%$209.2M
Current Assets$291.1M+13.3%$257.0M+11.0%$231.5M+0.1%$231.3M+46.5%$157.9M-5.1%$166.5M+11.5%$149.3M+0.8%$148.0M
Cash & Equivalents$5.0M+105.2%$2.5M-18.5%$3.0M-34.5%$4.6M+118.5%$2.1M-43.1%$3.7M+242.9%$1.1M-56.5%$2.5M
Inventory$191.1M+10.9%$172.2M+1.8%$169.2M+4.7%$161.6M+56.2%$103.5M-9.0%$113.7M-1.5%$115.4M+9.8%$105.1M
Accounts Receivable$90.7M+13.1%$80.2M+43.7%$55.8M-10.4%$62.3M+22.8%$50.7M+6.8%$47.5M+49.6%$31.7M-19.9%$39.6M
Total Liabilities$209.3M+12.9%$185.3M+9.2%$169.6M-1.4%$172.0M+110.3%$81.8M-13.3%$94.4M+13.8%$82.9M+3.1%$80.4M
Current Liabilities$100.3M+31.7%$76.1M+18.2%$64.4M-9.8%$71.4M+76.3%$40.5M+5.6%$38.3M-9.3%$42.3M+16.3%$36.4M
Total Equity$164.2M+8.4%$151.5M+6.5%$142.2M+2.1%$139.3M+1.5%$137.3M+3.7%$132.4M+4.0%$127.3M-1.1%$128.8M
Retained Earnings$132.1M+10.4%$119.7M+8.1%$110.7M+2.6%$108.0M+1.8%$106.0M+4.7%$101.3M+5.3%$96.2M-1.5%$97.6M

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

FRD Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FRD quarterly cash flow statement
MetricQ1'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Operating Cash Flow$7.3MN/A-$4.7M-1186.5%$437K-97.2%$15.5M+230.9%-$11.8M-538.4%$2.7M-75.0%$10.8M
Capital Expenditures$2.2MN/A$1.6M-34.8%$2.5M+38.0%$1.8M+86.1%$957K-16.4%$1.1M+35.3%$846K
Free Cash Flow$5.1MN/A-$6.3M-214.3%-$2.0M-114.7%$13.7M+207.2%-$12.8M-923.0%$1.6M-84.4%$9.9M
Investing Cash Flow-$1.1MN/A-$1.6M+96.7%-$48.1M-2598.4%-$1.8M-867.9%-$184K+47.1%-$348K+81.1%-$1.8M
Financing Cash Flow-$1.4MN/A$4.8M-90.4%$49.8M+432.6%-$15.0M-200.3%$14.9M+507.8%-$3.7M+65.3%-$10.5M
Dividends Paid$284KN/A$281K-0.7%$283K+0.4%$282K+1.1%$279K0.0%$279K+0.4%$278K
Share Buybacks$82KN/A$1K0.0%-$1K-90.0%$10K$0-100.0%$37K+236.4%$11K

FRD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

FRD quarterly financial ratios
MetricQ1'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Gross Margin8.8%N/A2.3%+0.4pp1.9%-3.3pp5.2%+72.9pp-67.7%-165.3pp97.6%+97.9pp-0.2%
Operating Margin8.8%N/A2.3%+0.4pp1.9%-3.3pp5.2%+0.7pp4.5%+5.8pp-1.3%-1.1pp-0.2%
Net Margin5.3%N/A1.8%+0.3pp1.5%-2.3pp3.7%-0.4pp4.1%+5.4pp-1.2%-0.6pp-0.6%
Return on Equity7.8%N/A2.1%+0.5pp1.6%-2.1pp3.7%-0.4pp4.0%+4.9pp-0.9%-0.4pp-0.5%
Return on Assets3.4%N/A1.0%+0.3pp0.7%-1.6pp2.3%-0.1pp2.4%+2.9pp-0.5%-0.2pp-0.3%
Current Ratio2.90-0.5x3.38-0.2x3.59+0.4x3.24-0.7x3.90-0.4x4.34+0.8x3.53-0.5x4.07
Debt-to-Equity1.27+0.1x1.220.0x1.190.0x1.24+0.6x0.60-0.1x0.71+0.1x0.650.0x0.62
FCF Margin2.1%N/A-3.8%-2.5pp-1.3%-11.5pp10.2%+20.1pp-9.9%-11.6pp1.7%-7.7pp9.3%

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Frequently Asked Questions

Is Friedman Inds profitable?

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

What is Friedman Inds's return on equity (ROE)?

Friedman Inds (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 Inds's total assets?

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

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

Friedman Inds (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.

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

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