Friedman Industries Inc (FRD) Financial Statements
Industry: Steel Works, Blast Furnaces & Rolling & Finishing Mills
In fiscal 2026, Friedman Industries reported revenue of $646.9M, up 45.5% from $444.6M the year before. Net income was $19.5M (a 3.0% net margin), or $2.76 per diluted share. Gross margin was 4.0% and operating margin was 4.0%. Operating activities generated $8.5M of cash, leaving $1.4M of free cash flow. At fiscal year end, Friedman Industries held $336.8M in total assets against $185.3M in total liabilities, including $2.5M of cash and equivalents.
Open the full interactive Friedman Industries financials → Quarterly statements, key ratios, valuation history and price charts.
Friedman Industries Key Stats
| Share Price | $42.91 |
|---|---|
| Market Cap | $299.6M |
| P/E Ratio | 15.5 |
| Revenue YoY Growth | +45.5% |
| 52-Week Range | $16.96 – $48.08 |
| Shares Outstanding | 7.0 million (basic, 2027 Q1) |
Friedman Industries Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $126.1M | $285.2M | $547.5M | $516.3M | $444.6M | $646.9M |
| Cost of Goods Sold | $102.5M | $244.2M | $504.5M | $491.7M | $441.8M | $621.3M |
| Gross Profit | $23.6M | $41.0M | $43.1M | $24.5M | $2.8M | $25.7M |
| Operating Income | $15.7M | $28.3M | $21.1M | $24.5M | $3.0M | $25.7M |
| Pre-Tax Income | $15.2M | $18.3M | $28.2M | $23.3M | $7.7M | $26.4M |
| Income Tax | $3.8M | $4.3M | $6.8M | $6.0M | $1.6M | $6.8M |
| Net Income | $11.4M | $14.1M | $21.3M | $17.3M | $6.1M | $19.5M |
| Diluted EPS | $1.63 | $2.04 | $2.91 | $2.39 | $0.87 | $2.76 |
Friedman Industries Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $152.4M | $168.0M | $191.8M | $240.0M |
| Net Income | $2.2M | $3.0M | $9.2M | $12.8M |
| Diluted EPS | $0.32 | $0.43 | — | $1.79 |
Friedman Industries Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.2M | $2.6M | $3.0M | $2.9M | $3.7M | $2.5M |
| Current Assets | $77.5M | $125.4M | $143.7M | $170.1M | $166.5M | $257.0M |
| Total Assets | $95.0M | $159.3M | $199.3M | $230.0M | $226.8M | $336.8M |
| Current Liabilities | $29.1M | $60.8M | $45.1M | $54.1M | $38.3M | $76.1M |
| Total Long-Term Debt | $1.7M | $18.4M | $33.1M | $40.3M | $47.7M | — |
| Total Liabilities | $29.7M | $79.6M | $83.9M | $102.5M | $94.4M | $185.3M |
| Shareholders' Equity | $65.3M | $79.7M | $115.4M | $127.5M | $132.4M | $151.5M |
Friedman Industries Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $8.4M | -$13.4M | $63.9M | $5.0M | -$4.4M | $8.5M |
| Cash From Investing | -$4.6M | -$7.9M | -$88.2M | -$5.8M | -$3.4M | -$52.8M |
| Cash From Financing | -$701,911 | $17.2M | $13.6M | $1.3M | $6.1M | $43.3M |
| Free Cash Flow | $3.8M | -$21.5M | $47.4M | -$813,000 | -$8.4M | $1.4M |
Figures from Friedman Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Friedman Industries financials page for every line item.
Friedman Industries Company Profile
| Ticker | FRD |
|---|---|
| Exchange | Nasdaq |
| Industry | Steel Works, Blast Furnaces & Rolling & Finishing Mills |
| Headquarters | Longview, Texas |
| Incorporated in | Texas |
| Fiscal Year End | March 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0000039092 |
Frequently Asked Questions
What was Friedman Industries' revenue in fiscal 2026?
Friedman Industries (FRD) reported revenue of $646.9M for fiscal 2026.
What is Friedman Industries' annual revenue history?
Friedman Industries' annual revenue by fiscal year: 2021: $126.1M; 2022: $285.2M; 2023: $547.5M; 2024: $516.3M; 2025: $444.6M; 2026: $646.9M.
What was Friedman Industries' net income in fiscal 2026?
Friedman Industries reported net income of $19.5M for fiscal 2026.
What was Friedman Industries' earnings per share (EPS) in fiscal 2026?
Friedman Industries' diluted EPS was $2.76 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Friedman Industries generate in fiscal 2026?
Friedman Industries generated $1.4M of free cash flow in fiscal 2026.
What was Friedman Industries' revenue last quarter?
In its most recent reported quarter (2027 Q1), Friedman Industries reported revenue of $240.0M.
How many shares of Friedman Industries are outstanding?
Friedman Industries reported a weighted average of 7.0 million basic shares outstanding in 2027 Q1.
What is Friedman Industries' market cap?
Based on its latest closing price, Friedman Industries (FRD) has a market capitalization of about $299.6M.
When does Friedman Industries' fiscal year end?
Friedman Industries' fiscal year end, as registered with the SEC, is March 31.
Where is Friedman Industries headquartered?
Friedman Industries lists its business address in Longview, Texas in its SEC filings.
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