CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · FRD

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2019
Revenue------
Cost of Revenue$491.73M-$504.46M$244.25M$102.52M$139.49M
Gross Profit------
R&D------
SG&A$16.17M$21.04M$22.01M$12.47M$7.84M$5.12M
Total Operating Expenses$441.81M$491.73M$526.47M$256.97M$110.38M$148.96M
D&A$3.29M$3.07M$2.53M$1.32M$1.01M$1.52M
Operating Income$3.04M$24.52M$21.07M$28.26M$15.73M($6.86M)
Interest Expense$2.95M$3.07M$2.22M$255.3K$24.6K$4.8K
Income Tax$1.61M$5.97M$6.84M$4.26M$3.80M($1.59M)
Net Income$6.08M$17.34M$21.34M$14.07M$11.42M($5.25M)
EPS - Basic$0.87$2.39$2.91$2.04$1.63($0.75)
EPS - Diluted$0.87$2.39$2.91$2.04$1.63($0.75)

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2019
Cash & Equivalents$3.69M$2.89M$2.99M$2.60M$8.19M$17.06M
Accounts Receivable$47.48M$47.33M$49.37M$35.67M$20.38M$11.71M
Inventory$113.69M$115.80M$86.25M$67.95M$36.02M$35.67M
Accounts Payable------
Current Assets$166.47M$170.06M$143.66M$125.36M$77.53M$65.21M
Total Assets$226.82M$230.02M$199.31M$159.28M$95.01M$77.34M
Current Liabilities$38.32M$54.11M$45.09M$60.81M$29.07M$9.65M
Long-term Debt------
Total Liabilities$94.40M$102.54M$83.88M$79.59M$29.67M$10.48M
Stockholders' Equity$132.43M$127.47M$115.43M$79.69M$65.34M$66.87M
Retained Earnings$101.25M$96.28M$79.65M$58.91M$45.39M$34.53M

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2019
Operating Cash Flow($4.41M)$4.98M$63.89M($13.40M)$8.43M$11.23M
Investing Cash Flow($3.43M)($5.80M)($88.19M)($7.92M)($4.59M)($4.95M)
Financing Cash Flow$6.09M$1.34M$13.56M$17.24M($701.9K)($889.6K)
CapEx$4.00M$5.79M$16.45M$8.06M$4.61M$4.94M
Free Cash Flow($8.41M)($813.0K)$47.44M($21.46M)$3.82M$6.30M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2019
Profitability
Gross margin------
Operating margin------
EBITDA margin------
Net margin------
Free cash flow margin------
FCF / Net income-1.38-0.052.22-1.530.33-1.20
R&D / Revenue------
SG&A / Revenue------
Effective tax rate20.9%25.6%24.3%23.3%24.9%-
Return on assets2.7%7.5%10.7%8.8%12.0%-6.8%
Return on equity4.6%13.6%18.5%17.7%17.5%-7.9%
Return on invested capital------
Liquidity
Current ratio4.343.143.192.062.676.76
Quick ratio1.381.001.270.941.433.06
Cash ratio0.100.050.070.040.281.77
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage1.0x8.0x9.5x110.7x638.8x-1426.9x
Equity multiplier1.711.801.732.001.451.16
Liabilities / Assets0.420.450.420.500.310.14
Efficiency
Asset turnover------
Inventory turnover4.33-5.853.592.853.91
Days sales outstanding------
Days inventory outstanding84d-62d102d128d93d
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E17.1x7.8x3.9x4.3x5.0x-
P / B0.8x1.1x0.7x0.7x0.9x0.5x
P / S------
EV / EBITDA15.7x4.8x3.3x1.9x2.9x-
Growth
Revenue growth (YoY)------
Revenue CAGR (3y)------
Revenue CAGR (5y)------
Gross profit growth (YoY)------
Operating income growth (YoY)-87.6%16.3%-25.4%79.7%--
Net income growth (YoY)-64.9%-18.7%51.7%23.1%--
EPS growth (YoY)-63.6%-17.9%42.6%25.2%--
EPS CAGR (3y)-24.7%13.6%--30.7%-
EPS CAGR (5y)--31.9%39.2%--
FCF growth (YoY)-934.7%-----28.6%
FCF CAGR (5y)--40.0%--44.8%
Book value growth (YoY)3.9%10.4%44.9%22.0%--7.7%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

3/9
Weak
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • -Gross margin improved
  • -Asset turnover improved

Peer comparison

Same SIC group: Steel Works, Blast Furnaces & Rolling & Finishing Mills

CompanyRevenue (last FY)Net marginROE
WOR$1.15B8.3%10.2%
ROCK$1.14B-3.9%-4.7%
IIIN$647.71M6.3%11.0%
WS$3.09B3.6%10.3%
HAYN---

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-datePer 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