Friedman Industries, Incorporated FRD R2K

Basic Materials · Steel · United States

https://www.friedmanindustries.com

Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States. It operates in two segments, Flat-Roll Products and Tubular Products. The Flat-Roll Product segment is involved in the operation of hot-rolled coil processing facilities to cut the coils into sheets and plates, as well as the provision of process and storage services for customer-owned coils on a fee basis. The Tubular Product segment manufactures line and oil country pipes, as well as pipes for structural applications. It serves customers manufacturing steel products, and steel and pipe distributors. The company was incorporated in 1965 and is headquartered in Longview, Texas.

Market & Price

Market Cap

$166.28M

Current Price

$23.38

High / Low (52W)

$23.73 / $14.83

Beta

1.59

Valuation

Stock P/E

10.53

Industry PE

24.80

Forward P/E

PEG Ratio

Book Value

$20.00

Price to Book

1.17

P/S

0.28

EV/EBITDA

11.22

Dividend Yield

0.68%

Profitability & Returns

ROCE

5.65%

ROE

11.62%

ROA

4.69%

Profit Margin

2.68%

Op Margin

2.32%

EPS (Latest Qtr)

$0.43

EPS (TTM)

$2.22

Balance Sheet & Liquidity

Debt/Equity

0.68

Quick Ratio

0.91

Current Ratio

3.59

Debt

$97.13M

Total Assets

$226.82M

Current Assets

$166.47M

Working Capital

$128.14M

Ownership

Promoter Holding

6.28%

Chg in Prom Hold

FII / Inst Holding

54.09%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$260.41M

Total Revenue (TTM)

$584.35M

EBITDA

$23.21M

Free Cash Flow

$-51.40M

Operating Cash Flow

$-658.00K

Shares Outstanding

7.11M

Gross Margin

12.59%

Payout Ratio

7.21%

Growth (CAGR)

Revenue 5Y

15.95%

Profit 5Y

-24.37%

Revenue (YoY)

78.60%

Earnings (YoY)

PROS

Compounding revenue at 15.9% over 5 years.

CONS

Earnings shrank at -24.4% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FRD Friedman Industries, Incorporated R2K	23.38	10.53	$166.28M	0.68%	5.65%	11.62%	15.95%	-24.37%
2	LIN Linde plc NDXSPX	497.69	33.00	$230.11B	1.29%	13.07%	18.23%	0.62%	18.48%
3	NEM Newmont Corporation SPX	109.81	14.24	$117.23B	0.95%	22.51%	25.83%	23.91%	583.84%
4	FCX Freeport-McMoRan Inc. SPX	65.71	34.77	$94.46B	0.91%	12.93%	15.63%	4.39%	-14.02%
5	SHW The Sherwin-Williams Company SPX	303.84	29.16	$74.94B	1.05%	20.04%	60.72%	2.10%	8.34%
6	CRH CRH plc SPX	108.79	20.18	$72.69B	1.43%	11.33%	15.81%	4.60%	-1.15%
7	ECL Ecolab Inc. SPX	256.00	34.59	$72.05B	1.14%	14.89%	22.43%	4.26%	23.88%
8	APD Air Products and Chemicals, Inc. SPX	278.62	29.33	$62.04B	2.60%	-0.62%	12.35%	-1.77%	-39.16%
9	NUE Nucor Corporation SPX	250.00	24.80	$56.94B	0.90%	8.80%	12.29%	-7.84%	-38.80%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	-	-	-	22.39M	18.32M	15.99M	21.06M	23.08M	26.08M	28.03M	43.96M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94.07M	129.22M	134.78M	152.38M	167.97M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85.98M	111.93M	115.03M	135.15M	148.67M
Gross Profit	2.14M	907.70K	1.47M	176.76K	-1.25M	-45.71K	571.57K	535.51K	1.54M	1.50M	1.72M	5.18M	6.19M	3.94M	1.93M	839.53K	1.47M	-782.65K	52.93K	1.87M	256.75K	1.09M	4.50M	17.74M	-	-	-	-	-	-	-	-	-	-	-	8.09M	17.29M	19.75M	17.24M	19.30M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.65M	11.54M	12.70M	14.36M	15.40M
Operating Income	788.44K	-	-	-	-2.35M	-	-	-	504.92K	-	-	-	4.70M	-	-	-	262.94K	-2.04M	-1.15M	-	-1.14M	-317.05K	2.76M	-	13.96M	24.33M	-5.60M	12.32M	71.00K	1.43M	10.36M	1.05M	6.17M	-1.40M	-	-1.56M	5.75M	7.04M	2.88M	3.90M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-82.00K	8.46M	8.17M	4.67M	6.35M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	632.00K	771.00K	678.00K	754.00K	1.28M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.55M	6.85M	6.64M	2.98M	4.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-400.00K	1.50M	1.62M	737.00K	961.00K
Net Income	525.95K	-193.29K	485.12K	-523.77K	-1.46M	-603.88K	-236.62K	-376.96K	364.33K	395.33K	161.27K	3.01M	3.60M	2.00M	664.77K	-1.17M	194.77K	-1.54M	-881.00K	-3.02M	-858.86K	-250.00K	2.13M	10.40M	11.31M	13.18M	-2.96M	11.18M	2.47M	1.38M	7.69M	3.51M	1.18M	2.57M	-	-1.15M	5.34M	5.03M	2.24M	3.04M
Diluted EPS	0.08	-0.03	0.07	-0.08	-0.21	-0.09	-0.03	-0.06	0.05	0.05	0.02	0.43	0.51	0.29	0.09	-0.17	0.03	-0.22	-0.13	-0.43	-0.12	-0.04	0.30	1.49	1.64	1.91	-0.45	1.55	0.34	0.19	1.04	0.48	0.16	0.37	-	-0.17	0.76	0.71	0.32	0.43

Profit & Loss (Annual)

Figures in USD.

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	-	-	-	-	-	-	77.76M	121.16M	-	-	-	285.24M	547.54M	516.25M	444.60M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	244.25M	477.56M	443.83M	399.12M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	40.99M	69.98M	72.42M	45.48M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	12.47M	48.90M	47.90M	42.69M
Operating Income	12.06M	12.11M	9.09M	2.47M	624.78K	23.37K	-4.21M	5.74M	6.38M	-6.86M	15.73M	28.52M	21.07M	24.52M	2.79M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	19.91M	32.93M	29.46M	13.94M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	255.00K	2.22M	3.07M	2.95M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	18.33M	28.19M	23.31M	7.69M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	4.26M	6.84M	5.97M	1.61M
Net Income	8.16M	8.15M	6.14M	1.71M	382.33K	294.00K	-2.68M	3.93M	5.10M	-5.25M	11.42M	14.07M	21.34M	17.34M	6.08M
Diluted EPS	1.20	1.20	0.90	0.25	0.06	0.04	-0.39	0.56	0.73	-0.75	1.63	2.04	2.91	2.39	0.87

Compounded Sales Growth

5 Years:	15.95%
1 Year:	78.60%

Compounded Profit Growth

5 Years:	-24.37%
1 Year:	-

Stock Price Performance

1 Year:	+45.56%
6 Months:	+18.97%
3 Months:	+25.89%
1 Month:	+17.49%

Balance Sheet (Annual)

Figures in USD.

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	-	69.58M	78.57M	76.58M	72.28M	66.96M	66.89M	63.26M	81.65M	86.60M	77.34M	95.01M	159.28M	199.31M	230.02M	226.82M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	125.36M	143.66M	170.06M	166.47M
Cash & Equivalents	19.81M	7.21M	11.88M	15.92M	15.08M	2.23M	2.80M	1.46M	4.05M	11.67M	17.06M	8.19M	2.60M	2.99M	2.89M	3.69M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	67.95M	86.25M	115.80M	113.69M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	35.67M	49.37M	47.33M	47.48M
Total Liabilities	-	-	-	-	-	3.74M	3.65M	2.91M	13.08M	14.12M	10.48M	29.67M	79.59M	83.88M	102.54M	94.40M
Current Liabilities	-	9.47M	13.85M	12.31M	7.77M	2.65M	2.87M	2.36M	11.03M	12.36M	9.65M	29.07M	60.81M	45.09M	54.11M	38.32M
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	18.44M	33.12M	40.29M	47.73M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	18.54M	34.45M	43.13M	50.48M
Total Equity	-	58.80M	63.42M	62.96M	63.31M	63.22M	63.24M	60.36M	68.58M	72.48M	66.87M	65.34M	79.69M	115.43M	127.47M	132.43M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	8.34M	8.87M	8.87M	8.88M

Cash Flows (Annual)

Figures in USD.

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	-6.99M	8.45M	11.50M	-	-	-	-202.66K	3.25M	9.63M	11.23M	8.43M	-13.40M	63.89M	4.98M	-4.41M
Investing Cash Flow	-571.34K	-380.60K	-519.11K	-	-	-	-858.33K	-374.08K	-825.91K	-4.95M	-4.59M	-7.92M	-88.19M	-5.80M	-3.43M
Financing Cash Flow	-5.05M	-3.40M	-6.94M	-	-	-	-274.08K	-280.38K	-1.19M	-889.57K	-701.91K	17.25M	13.56M	1.34M	6.09M
Capital Expenditure	-515.34K	-321.40K	-499.49K	-1.91M	-5.88M	-2.12M	-799.33K	-349.18K	-807.99K	-4.94M	-4.61M	-8.06M	-16.45M	-5.79M	-5.00M
Free Cash Flow	-7.50M	8.13M	11.00M	-	-	-	-1.00M	2.90M	8.82M	6.30M	3.82M	-21.46M	47.44M	-813.00K	-9.41M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-4.07M	-10.74M	511.00K	-1.75M
Share Buybacks	-	-	-	-	-	-	-	-	-	-	1.73M	538.00K	37.00K	5.15M	171.00K

Ratios (Annual)

Figures in %.

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	14.4%	12.8%	14.0%	10.2%
Operating Margin %	-	-	-	-	-	-	-5.4%	4.7%	-	-	-	10.0%	3.8%	4.7%	0.6%
Net Margin %	-	-	-	-	-	-	-3.4%	3.2%	-	-	-	4.9%	3.9%	3.4%	1.4%
ROE %	13.9%	12.9%	9.7%	2.7%	0.6%	0.5%	-4.4%	5.7%	7.0%	-7.9%	17.5%	17.7%	18.5%	13.6%	4.6%
ROCE %	20.1%	18.7%	14.1%	3.8%	1.0%	0.0%	-6.9%	8.1%	8.6%	-10.1%	23.8%	29.0%	13.7%	13.9%	1.5%

Shareholding Pattern

Insiders

6.28%

Institutions

54.09%

Public Float

57.71%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Dimensional Fund Advisors LP	7.62%	541.69K	$12.66M
2	De Lisle Partners LLP	5.90%	419.82K	$9.82M
3	Gendell, Jeffrey L.	4.99%	354.58K	$8.29M
4	Renaissance Technologies, LLC	4.66%	331.28K	$7.75M
5	Blackrock Inc.	4.62%	328.49K	$7.68M
6	Vanguard Capital Management LLC	4.06%	288.48K	$6.74M
7	Mink Brook Asset Management LLC	2.29%	162.90K	$3.81M
8	Geode Capital Management, LLC	2.24%	159.50K	$3.73M
9	Truffle Hound Capital, LLC	2.11%	150.00K	$3.51M
10	Bridgeway Capital Management, LLC	1.69%	119.86K	$2.80M

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FRD · Basic Materials