FRD · Friedman Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $164.07M | $106.98M | $127.73M | - | - | - | $120.97M | $105.53M | $124.93M | $143.13M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $7.15M | $6.29M | $5.46M | $4.51M | $3.89M | $3.94M | $5.97M | $4.27M | $4.77M | $6.35M |
| Total Operating Expenses | $164.07M | $149.50M | $127.73M | $115.95M | $95.64M | $106.98M | $126.94M | $109.80M | $129.69M | $149.91M |
| D&A | $1.01M | $937.0K | $847.0K | $795.0K | $754.0K | $759.0K | $531.0K | - | - | $531.1K |
| Operating Income | $3.90M | $2.88M | $7.04M | ($1.40M) | ($1.19M) | ($224.0K) | $10.36M | $6.17M | $1.05M | $11.89M |
| Interest Expense | $1.28M | $754.0K | $678.0K | $681.0K | $632.0K | $869.0K | $540.0K | ($790.0K) | ($805.0K) | $429.4K |
| Income Tax | $961.0K | $737.0K | $1.62M | $732.0K | ($400.0K) | ($227.0K) | $2.56M | $74.0K | $1.15M | $3.47M |
| Net Income | $3.04M | $2.24M | $5.03M | $2.57M | ($1.15M) | ($675.0K) | $7.69M | $1.18M | $3.51M | $11.18M |
| EPS - Basic | $0.43 | $0.32 | $0.71 | $0.37 | ($0.17) | ($0.10) | $1.04 | $0.16 | $0.48 | $1.55 |
| EPS - Diluted | $0.43 | $0.32 | $0.71 | $0.37 | ($0.17) | ($0.10) | $1.04 | $0.16 | $0.48 | $1.55 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.00M | $4.59M | $2.10M | $3.69M | $1.07M | $2.47M | $2.89M | $4.01M | $3.15M | $2.99M |
| Accounts Receivable | $55.80M | $62.26M | $50.72M | $47.48M | $31.73M | $39.62M | $47.33M | $44.42M | $52.33M | $49.37M |
| Inventory | $169.17M | $161.57M | $103.46M | $113.69M | $115.39M | $105.05M | $115.80M | $113.90M | $104.50M | $86.25M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $231.48M | $231.32M | $157.93M | $166.47M | $149.29M | $148.04M | $170.06M | $170.90M | $165.16M | $143.66M |
| Total Assets | $311.86M | $311.29M | $219.08M | $226.82M | $210.25M | $209.17M | $230.02M | $228.96M | $222.13M | $199.31M |
| Current Liabilities | $64.41M | $71.38M | $40.48M | $38.32M | $42.28M | $36.37M | $54.11M | $54.60M | $35.29M | $45.09M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $169.65M | $172.02M | $81.80M | $94.40M | $82.92M | $80.40M | $102.54M | $106.21M | $95.32M | $83.88M |
| Stockholders' Equity | $142.21M | $139.27M | $137.28M | $132.43M | $127.33M | $128.76M | $127.47M | $122.74M | $126.81M | $115.43M |
| Retained Earnings | $110.71M | $107.95M | $106.00M | $101.25M | $96.19M | $97.62M | $96.28M | $91.61M | $90.56M | $79.65M |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $15.49M | ($6.06M) | - | - | ($4.58M) | - | - | ($21.34M) |
| Investing Cash Flow | - | - | ($1.78M) | ($1.06M) | - | - | ($452.0K) | - | - | ($74.54M) |
| Financing Cash Flow | - | - | ($14.98M) | $5.37M | - | - | $6.01M | - | - | $83.49M |
| CapEx | - | - | $1.78M | $1.05M | - | - | $450.0K | - | - | $2.81M |
| Free Cash Flow | - | - | $13.71M | ($7.11M) | - | - | ($5.03M) | - | - | ($24.16M) |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 2.73 | -2.77 | - | - | -0.65 | - | - | -2.16 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 24.0% | 24.8% | 24.3% | 22.2% | - | - | 25.0% | 5.9% | 24.6% | 23.7% |
| Return on assets | 1.0% | 0.7% | 2.3% | 1.1% | -0.5% | -0.3% | 3.3% | 0.5% | 1.6% | 5.6% |
| Return on equity | 2.1% | 1.6% | 3.7% | 1.9% | -0.9% | -0.5% | 6.0% | 1.0% | 2.8% | 9.7% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.59 | 3.24 | 3.90 | 4.34 | 3.53 | 4.07 | 3.14 | 3.13 | 4.68 | 3.19 |
| Quick ratio | 0.97 | 0.98 | 1.35 | 1.38 | 0.80 | 1.18 | 1.00 | 1.04 | 1.72 | 1.27 |
| Cash ratio | 0.05 | 0.06 | 0.05 | 0.10 | 0.03 | 0.07 | 0.05 | 0.07 | 0.09 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.1x | 3.8x | 10.4x | -2.1x | -1.9x | -0.3x | 19.2x | -7.8x | -1.3x | 27.7x |
| Equity multiplier | 2.19 | 2.24 | 1.60 | 1.71 | 1.65 | 1.62 | 1.80 | 1.87 | 1.75 | 1.73 |
| Liabilities / Assets | 0.54 | 0.55 | 0.37 | 0.42 | 0.39 | 0.38 | 0.45 | 0.46 | 0.43 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | 0.97 | 0.66 | 1.23 | - | - | - | 1.04 | 0.93 | 1.20 | 1.66 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 376d | 551d | 296d | - | - | - | 349d | 394d | 305d | 220d |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 47.7x | 68.4x | 23.3x | 40.2x | - | - | 18.0x | 96.6x | 27.9x | 7.3x |
| P / B | - | - | - | - | - | - | 1.1x | 0.9x | 0.8x | 0.7x |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | 12.3x | - | - | 6.2x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | -12.9% | 332.0% | - | -14.8% |
| Net income growth (YoY) | - | - | 95.9% | -66.6% | - | - | -31.2% | -13.9% | 42.2% | -1.1% |
| EPS growth (YoY) | - | - | 91.9% | -64.4% | - | - | -32.9% | -15.8% | 41.2% | -5.5% |
| EPS CAGR (3y) | 31.3% | -2.0% | -22.9% | -39.1% | - | - | - | -18.9% | - | 272.5% |
| EPS CAGR (5y) | 7.5% | - | - | 65.3% | - | - | - | 12.2% | 10.6% | 24.9% |
| FCF growth (YoY) | - | - | - | -41.3% | - | - | 79.2% | - | - | -3683.8% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 11.7% | 8.2% | 3.7% | 3.9% | 3.7% | 1.5% | 10.4% | 13.0% | 18.9% | 44.9% |
Peer comparison
Same SIC group: Steel Works, Blast Furnaces & Rolling & Finishing Mills
Comparing FRIEDMAN INDUSTRIES INC against the 5 most active filers in the same SIC group.
Dividends
$0.16/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 24, 2026 | $0.0400 |
| Jan 16, 2026 | $0.0400 |
| Oct 24, 2025 | $0.0400 |
| Jul 18, 2025 | $0.0400 |
| Apr 25, 2025 | $0.0400 |
| Jan 17, 2025 | $0.0400 |
| Oct 25, 2024 | $0.0400 |
| Jul 26, 2024 | $0.0400 |
| Apr 25, 2024 | $0.0400 |
| Jan 18, 2024 | $0.0200 |
| Oct 19, 2023 | $0.0200 |
| Jul 20, 2023 | $0.0200 |
| Apr 27, 2023 | $0.0200 |
| Jan 12, 2023 | $0.0200 |
| Oct 13, 2022 | $0.0200 |
| Jul 21, 2022 | $0.0200 |
| Apr 28, 2022 | $0.0200 |
| Jan 13, 2022 | $0.0200 |
| Oct 7, 2021 | $0.0200 |
| Jul 15, 2021 | $0.0200 |
| Apr 22, 2021 | $0.0200 |
| Jan 7, 2021 | $0.0200 |
| Oct 8, 2020 | $0.0200 |
| Jul 16, 2020 | $0.0200 |