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Friedman Industries (FRD) Financials

Friedman Industries logo
$34.26 +0.18 (+0.53%)
Closing price 04:00 PM Eastern
Extended Trading
$34.35 +0.09 (+0.26%)
As of 04:10 PM Eastern
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Annual Income Statements for Friedman Industries

Annual Income Statements for Friedman Industries

This table shows Friedman Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.29 -2.68 3.93 5.10 -5.25 11 14 21 -6.76 6.09 20
Consolidated Net Income / (Loss)		 0.29 -2.68 3.93 5.10 -5.25 11 14 21 17 6.09 20
Net Income / (Loss) Continuing Operations		 0.29 -2.68 3.93 5.10 -5.25 11 14 21 -6.76 6.09 20
Total Pre-Tax Income 		0.40 -4.15 5.76 6.82 -6.84 15 18 28 23 7.69 26
Total Operating Income		 0.02 -4.21 5.74 6.38 -6.86 16 29 21 25 3.04 26
Total Gross Profit		 4.69 -0.19 9.95 13 2.61 24 41 45 25 45 86
Total Revenue		 82 78 121 187 142 126 285 548 516 445 647
Operating Revenue		 82 78 121 187 142 126 285 548 516 445 647
Total Cost of Revenue		 77 78 111 174 139 103 244 502 492 399 560
Operating Cost of Revenue		 77 78 111 174 139 103 244 502 492 399 560
Total Operating Expenses		 4.67 4.02 4.21 6.51 9.47 7.86 12 24 24 42 61
Selling, General & Admin Expense		 4.67 4.02 4.18 4.78 5.12 7.84 12 22 21 16 29
Depreciation Expense		 - - - - - - - 2.53 3.07 3.29 3.82
Other Operating Expenses / (Income)		 - 0.00 0.03 - 0.00 0.02 - - - 23 28
Other Special Charges / (Income)		 - - - - - - - - 0.00 -0.26 0.00
Total Other Income / (Expense), net		 0.38 0.06 0.02 0.42 0.02 -0.50 -10 7.12 -1.20 4.65 0.72
Interest Expense		 - - - 0.02 - - 0.26 2.22 3.07 2.95 4.10
Other Income / (Expense), net		 - - - - 0.02 -0.50 -9.93 9.33 1.87 7.60 4.83
Income Tax Expense		 0.10 -1.47 1.83 1.72 -1.59 3.80 4.27 6.85 5.97 1.61 6.84
Basic Earnings per Share		 $0.04 ($0.39) $0.56 $0.73 ($0.75) $1.63 $2.04 $2.91 $2.39 $0.87 $2.76
Weighted Average Basic Shares Outstanding		 6.80M 6.85M 7.01M 7.01M 7.00M 6.70M - - 6.97M 7.06M 7.11M
Diluted Earnings per Share		 $0.04 ($0.39) $0.56 $0.73 ($0.75) $1.63 $2.04 $2.91 $2.39 $0.87 $2.76
Weighted Average Diluted Shares Outstanding		 6.80M 6.85M 7.01M 7.01M 7.00M 6.70M - - 6.97M 7.06M 7.11M
Weighted Average Basic & Diluted Shares Outstanding		 6.80M 7.01M 7.01M 42.50M 7.08M - - - 6.97M 7.06M 7.11M
Cash Dividends to Common per Share		 - - - - - - $0.08 $0.08 $0.10 $0.16 $0.16

Quarterly Income Statements for Friedman Industries

This table shows Friedman Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 3.51 1.18 1.77 2.57 -0.68 -1.15 5.35 5.03 2.24 3.04 9.22
Consolidated Net Income / (Loss)		 3.51 1.18 4.96 2.57 -0.68 -1.15 5.35 5.03 2.24 3.04 9.22
Net Income / (Loss) Continuing Operations		 3.51 1.18 1.77 2.57 -0.68 -1.15 5.35 5.03 2.24 3.04 9.22
Total Pre-Tax Income 		4.66 1.26 7.14 3.30 -0.90 -1.55 6.85 6.65 2.98 4.00 13
Total Operating Income		 1.06 6.17 6.93 -1.40 -0.22 -1.19 5.85 7.04 2.88 3.90 12
Total Gross Profit		 6.54 11 16 9.96 10 8.09 17 20 17 19 30
Total Revenue		 131 116 132 115 107 94 129 135 152 168 192
Operating Revenue		 131 116 132 115 107 94 129 135 152 168 192
Total Cost of Revenue		 124 105 116 105 97 86 112 115 135 149 162
Operating Cost of Revenue		 124 105 116 105 97 86 112 115 135 149 162
Total Operating Expenses		 5.49 4.99 9.10 11 10 9.28 11 13 14 15 18
Selling, General & Admin Expense		 4.73 4.24 6.03 4.51 3.94 3.89 3.84 5.46 6.29 7.15 9.73
Depreciation Expense		 0.76 0.75 - 0.80 0.82 0.83 0.85 0.85 0.94 1.01 1.03
Other Operating Expenses / (Income)		 - - - 6.05 5.38 4.94 6.86 6.40 7.13 7.25 7.62
Total Other Income / (Expense), net		 3.61 -4.92 -2.98 4.70 -0.68 -0.37 1.00 -0.40 0.10 0.11 0.92
Interest Expense		 0.81 0.79 4.13 0.68 0.87 0.63 0.77 0.68 0.75 1.28 1.39
Other Income / (Expense), net		 4.41 -4.13 1.15 5.38 0.19 0.27 1.77 0.28 0.85 1.38 2.31
Income Tax Expense		 1.15 0.07 2.18 0.73 -0.23 -0.40 1.50 1.62 0.74 0.96 3.52
Basic Earnings per Share		 $0.48 $0.16 $0.71 $0.37 ($0.10) ($0.17) $0.77 $0.71 $0.32 $0.43 $1.30
Weighted Average Basic Shares Outstanding		 7.38M 6.98M 6.97M 6.97M 6.97M 6.97M 7.06M 7.06M 7.11M 7.11M 7.11M
Diluted Earnings per Share		 $0.48 $0.16 $0.71 $0.37 ($0.10) ($0.17) $0.77 $0.71 $0.32 $0.43 $1.30
Weighted Average Diluted Shares Outstanding		 7.38M 6.98M 6.97M 6.97M 6.97M 6.97M 7.06M 7.06M 7.11M 7.11M 7.11M
Weighted Average Basic & Diluted Shares Outstanding		 7.38M 6.98M 6.97M 6.97M 6.97M 6.97M 7.06M 7.06M 7.11M 7.11M 7.11M
Cash Dividends to Common per Share		 $0.02 $0.02 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04

Annual Cash Flow Statements for Friedman Industries

This table details how cash moves in and out of Friedman Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 0.57 -1.34 2.59 7.61 5.39 3.13 -4.07 -11 0.51 -1.75 -0.92
Net Cash From Operating Activities		 3.03 -0.20 3.25 9.63 11 8.43 -13 64 4.98 -4.42 8.54
Net Cash From Continuing Operating Activities		 3.03 -0.20 3.25 9.63 11 8.43 -13 64 4.98 -4.42 8.54
Net Income / (Loss) Continuing Operations		 0.29 -2.68 3.93 5.10 -5.25 11 14 21 17 6.09 20
Consolidated Net Income / (Loss)		 0.29 -2.68 3.93 5.10 -5.25 11 14 21 17 6.09 20
Depreciation Expense		 1.67 1.59 1.36 1.34 1.52 1.01 1.32 2.53 3.07 3.29 3.82
Amortization Expense		 - - - - - - - - - 0.03 0.08
Non-Cash Adjustments To Reconcile Net Income		 0.08 0.13 0.30 1.90 5.64 0.81 -0.03 0.77 0.23 -2.07 -0.12
Changes in Operating Assets and Liabilities, net		 0.98 0.75 -2.34 1.29 9.32 -4.82 -29 39 -16 -12 -15
Net Cash From Investing Activities		 -2.18 -0.86 -0.37 -0.83 -4.95 -4.59 -7.92 -88 -5.81 -3.43 -53
Net Cash From Continuing Investing Activities		 -2.18 -0.86 -0.37 -0.83 -4.95 -4.59 -7.92 -88 -5.81 -3.43 -53
Purchase of Property, Plant & Equipment		 -2.12 -0.80 -0.35 -0.81 -4.94 -4.61 -8.07 -16 -5.79 -4.00 -7.16
Acquisitions		 - - - - - - 0.00 -72 - 0.00 -46
Sale of Property, Plant & Equipment		 - - - - 0.00 0.03 0.16 - 0.00 1.58 0.00
Other Investing Activities, net		 -0.06 -0.06 -0.02 -0.02 -0.02 -0.01 -0.01 -0.01 -0.01 -1.00 0.00
Net Cash From Financing Activities		 -0.27 -0.27 -0.28 -1.19 -0.89 -0.70 17 14 1.34 6.10 43
Net Cash From Continuing Financing Activities		 -0.27 -0.27 -0.28 -1.19 -0.89 -0.70 17 14 1.34 6.10 43
Repayment of Debt		 - - - - - - 0.00 -727 -824 -642 -735
Repurchase of Common Equity		 - - - - 0.00 -1.73 -0.54 -0.04 -5.15 -0.17 -0.01
Payment of Dividends		 -0.27 -0.27 -0.28 -1.19 -0.84 -0.56 -0.55 -0.59 -0.58 -1.12 -1.13
Issuance of Debt		 - - - - 0.00 1.69 18 741 831 649 780
Other Financing Activities, net		 - - - 0.00 -0.05 -0.10 -0.10 -0.11 -0.11 -0.05 0.00

Quarterly Cash Flow Statements for Friedman Industries

This table details how cash moves in and out of Friedman Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -3.21 5.64 -2.90 -1.75 -1.61 -1.31 2.92 -1.28 2.20 -1.57 -0.28
Net Cash From Operating Activities		 -16 21 3.96 -6.06 11 2.70 -12 15 0.43 -4.75 -2.64
Net Cash From Continuing Operating Activities		 -16 21 3.96 -6.06 11 2.70 -12 15 0.43 -4.75 -2.64
Net Income / (Loss) Continuing Operations		 3.51 1.18 4.96 2.57 -0.68 -1.15 5.35 5.03 2.24 3.04 9.22
Consolidated Net Income / (Loss)		 3.51 1.18 4.96 2.57 -0.68 -1.15 5.35 5.03 2.24 3.04 9.22
Depreciation Expense		 0.76 0.76 0.78 0.80 0.82 0.83 0.85 0.85 0.94 1.01 1.03
Amortization Expense		 - - - - - - 0.02 - - 0.02 0.02
Non-Cash Adjustments To Reconcile Net Income		 -0.93 1.11 0.93 -1.59 0.24 -0.33 -0.40 0.25 -0.59 -0.54 0.76
Changes in Operating Assets and Liabilities, net		 -19 18 -2.70 -7.83 10 3.36 -18 9.37 -2.19 -8.28 -14
Net Cash From Investing Activities		 -2.44 -1.89 -1.02 -1.06 -1.85 -0.35 -0.18 -1.78 -48 -1.60 -1.32
Net Cash From Continuing Investing Activities		 -2.44 -1.89 -1.02 -1.06 -1.85 -0.35 -0.18 -1.78 -48 -1.60 -1.32
Purchase of Property, Plant & Equipment		 -2.43 -1.89 -1.02 -1.05 -0.85 -1.15 -0.96 -1.78 -2.46 -1.60 -1.32
Other Investing Activities, net		 -0.01 -0.00 -0.00 -0.00 -1.00 -0.00 0.01 -0.00 -0.00 -0.00 0.01
Net Cash From Financing Activities		 15 -14 -5.84 5.37 -11 -3.66 15 -15 50 4.78 3.67
Net Cash From Continuing Financing Activities		 15 -14 -5.84 5.37 -11 -3.66 15 -15 50 4.78 3.67
Repayment of Debt		 -201 -198 -824 -193 -138 -147 -164 -211 -169 -183 -173
Payment of Dividends		 -0.15 -0.15 -0.14 -0.28 -0.28 -0.28 -0.28 -0.28 -0.28 -0.28 -0.29
Issuance of Debt		 216 190 819 199 128 143 179 196 219 188 177

Annual Balance Sheets for Friedman Industries

This table presents Friedman Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
Total Assets		 67 63 87 87 77 95 159 199 230 227 337
Total Current Assets		 50 45 74 74 65 78 125 144 170 166 257
Cash & Equivalents		 2.80 1.46 12 12 17 8.19 2.60 2.99 2.89 3.69 2.45
Accounts Receivable		 4.82 8.94 13 13 12 20 36 49 47 47 80
Inventories, net		 42 35 49 49 36 36 68 86 116 114 172
Current Deferred & Refundable Income Taxes		 - - - - - - - - - 0.00 0.52
Other Current Assets		 0.14 0.11 0.54 0.54 0.78 13 19 5.05 4.04 1.62 1.67
Plant, Property, & Equipment, net		 16 15 12 12 12 15 30 54 57 56 74
Plant, Property & Equipment, gross		 48 49 48 48 43 46 56 82 88 90 111
Accumulated Depreciation		 32 34 37 37 32 30 26 28 31 34 37
Total Noncurrent Assets		 1.22 2.66 0.24 0.24 0.63 2.01 3.81 1.72 3.20 4.10 6.15
Other Noncurrent Operating Assets		 0.81 0.58 0.24 0.24 0.18 0.15 0.27 1.72 3.20 4.10 6.15
Total Liabilities & Shareholders' Equity		 67 63 87 87 77 95 159 199 230 227 337
Total Liabilities		 3.65 2.91 14 14 10 30 80 84 103 94 185
Total Current Liabilities		 2.87 2.36 12 12 9.65 29 61 45 54 38 76
Accounts Payable		 2.48 2.00 12 12 8.94 15 45 37 44 35 67
Dividends Payable		 0.07 0.07 0.28 0.28 0.14 0.14 0.14 0.15 0.28 0.28 0.28
Current Deferred & Payable Income Tax Liabilities		 - - 0.16 0.16 0.00 1.46 0.00 0.77 2.21 0.65 0.00
Current Employee Benefit Liabilities		 0.32 0.28 0.35 0.35 0.46 2.69 1.34 5.00 5.99 1.81 8.27
Other Current Liabilities		 - - - 0.00 0.10 8.08 15 2.32 1.74 0.29 0.43
Total Noncurrent Liabilities		 0.79 0.55 1.76 1.76 0.83 0.60 19 39 48 56 109
Long-Term Debt		 - - - - 0.00 0.17 18 33 40 48 96
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.00 1.55 1.55 0.36 - 0.00 4.36 5.26 5.48 6.76
Noncurrent Employee Benefit Liabilities		 0.79 0.55 0.21 0.21 0.10 0.11 0.12 0.10 0.11 0.12 0.10
Other Noncurrent Operating Liabilities		 - - 0.00 0.00 0.37 0.32 0.22 1.22 2.78 2.75 6.26
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 63 60 72 72 59 65 80 115 127 132 151
Total Preferred & Common Equity		 63 60 72 72 67 65 80 115 127 132 151
Total Common Equity		 63 60 72 72 59 65 80 115 127 132 151
Common Stock		 37 37 38 38 30 38 39 44 44 44 45
Retained Earnings		 32 29 40 40 35 45 59 80 96 101 120
Treasury Stock		 -5.48 -5.48 -5.53 -5.53 -5.53 -7.20 -7.74 -7.78 -13 -13 -13

Quarterly Balance Sheets for Friedman Industries

This table presents Friedman Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 6/30/2024 9/30/2024 12/31/2024 6/30/2025 9/30/2025 12/31/2025
Total Assets		 222 229 223 209 210 219 311 312
Total Current Assets		 165 171 162 148 149 158 231 231
Cash & Equivalents		 3.15 4.01 4.15 2.47 1.08 2.10 4.59 3.01
Accounts Receivable		 52 44 38 40 32 51 62 56
Inventories, net		 105 114 120 105 115 103 162 169
Other Current Assets		 5.18 8.57 0.71 0.90 1.09 1.66 2.92 3.50
Plant, Property, & Equipment, net		 55 56 57 57 57 57 73 74
Plant, Property & Equipment, gross		 85 87 89 90 90 92 109 110
Accumulated Depreciation		 30 31 32 33 33 35 36 36
Total Noncurrent Assets		 1.63 1.57 3.33 4.25 4.18 3.94 6.78 6.56
Other Noncurrent Operating Assets		 1.63 1.57 3.33 4.25 4.18 3.94 6.78 6.56
Total Liabilities & Shareholders' Equity		 222 229 223 209 210 219 311 312
Total Liabilities		 95 106 93 80 83 82 172 170
Total Current Liabilities		 35 55 39 36 42 40 71 64
Short-Term Debt		 0.11 - 0.03 0.00 - - - 0.25
Accounts Payable		 29 48 34 35 41 35 68 60
Dividends Payable		 0.15 0.14 0.28 0.28 0.28 0.28 0.28 0.28
Current Deferred & Payable Income Tax Liabilities		 1.90 2.17 2.82 0.20 0.00 2.27 0.14 0.00
Current Employee Benefit Liabilities		 3.32 3.53 1.25 1.25 0.91 2.55 2.97 3.98
Other Current Liabilities		 0.40 0.89 0.02 0.00 0.01 0.08 0.14 0.03
Total Noncurrent Liabilities		 60 52 54 44 41 41 101 105
Long-Term Debt		 54 46 46 36 33 33 87 92
Noncurrent Deferred & Payable Income Tax Liabilities		 4.43 4.42 5.25 5.24 5.23 5.45 5.45 5.41
Noncurrent Employee Benefit Liabilities		 0.10 0.10 0.11 0.11 0.12 0.12 0.12 0.12
Other Noncurrent Operating Liabilities		 1.14 1.13 2.86 2.83 2.79 2.71 8.05 7.61
Commitments & Contingencies		 0.00 0.00 - 0.00 0.00 - 0.00 0.00
Total Equity & Noncontrolling Interests		 127 123 130 129 127 137 139 142
Total Preferred & Common Equity		 127 123 130 129 127 137 139 142
Total Common Equity		 127 123 130 129 127 137 139 142
Common Stock		 44 44 44 44 44 44 44 45
Retained Earnings		 91 92 99 98 96 106 108 111
Treasury Stock		 -7.78 -13 -13 -13 -13 -13 -13 -13

Annual Metrics And Ratios for Friedman Industries

This table displays calculated financial ratios and metrics derived from Friedman Industries' official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 3/31/2016 3/31/2017 3/31/2018 3/31/2019 3/31/2020 3/31/2021 3/31/2022 3/31/2023 3/31/2024 3/31/2025 3/31/2026
DEI Shares Outstanding		 6,799,444.00 7,009,444.00 7,009,444.00 7,009,444.00 6,999,444.00 6,905,849.00 6,856,009.00 7,375,588.00 - 6,970,536.00 7,112,182.00
DEI Adjusted Shares Outstanding		 6,799,444.00 7,009,444.00 7,009,444.00 7,009,444.00 6,999,444.00 6,905,849.00 6,856,009.00 7,375,588.00 - 6,970,536.00 7,112,182.00
DEI Earnings Per Adjusted Shares Outstanding		 0.04 -0.38 0.56 0.73 -0.75 17.63 2.05 2.89 - 0.87 2.75
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -24.64% -4.75% 55.82% 54.47% -24.07% -11.26% 126.19% 91.96% -5.71% -13.88% 45.50%
EBITDA Growth		 -27.67% -254.11% 371.32% 8.85% -168.79% 405.56% 22.61% 65.44% -10.56% -52.58% 146.15%
EBIT Growth		 -96.26% -18,113.01% 236.34% 11.22% -207.12% 322.60% 22.10% 63.60% -13.22% -59.65% 186.27%
NOPAT Growth		 -95.05% -17,198.70% 232.92% 21.79% -200.62% 345.87% 85.42% -27.09% 14.31% -86.80% 689.34%
Net Income Growth		 -23.10% -1,011.12% 246.87% 29.63% -202.93% 317.64% 23.12% 51.74% -18.74% -64.92% 221.00%
EPS Growth		 -33.33% -1,075.00% 243.59% 30.36% -202.74% 317.33% 25.15% 42.65% -17.87% -63.60% 217.24%
Operating Cash Flow Growth		 147.48% -106.70% 1,701.39% 196.80% 16.62% -24.98% -258.98% 576.93% -92.21% -188.71% 293.34%
Free Cash Flow Firm Growth		 104.59% -347.58% 227.55% 166.89% 33.03% -56.32% -633.83% -130.31% 96.45% -658.77% -440.52%
Invested Capital Growth		 -0.90% -2.55% 3.61% 0.00% -18.25% 18.08% 62.20% 52.31% 13.35% 7.02% 38.83%
Revenue Q/Q Growth		 -10.30% 7.03% 23.31% -0.93% -6.09% 14.78% 9.98% 9.85% 1.58% -0.67% 10.71%
EBITDA Q/Q Growth		 -5.24% 10.41% 165.88% -43.16% -49.16% 1,352.53% -53.72% 133.12% -3.38% -2.51% 24.60%
EBIT Q/Q Growth		 -85.54% 6.87% 348.11% -47.49% -43.85% 679.35% -55.47% 155.04% -4.21% -4.13% 27.22%
NOPAT Q/Q Growth		 -84.23% 6.87% 635.76% -48.22% -44.25% 741.71% -39.21% 120.86% -3.04% -18.20% 26.29%
Net Income Q/Q Growth		 -19.46% 5.20% 623.21% -45.04% -54.57% 671.81% -55.95% 181.98% -7.25% 6.79% 24.76%
EPS Q/Q Growth		 -33.33% 4.88% 833.33% -45.11% -56.25% 662.07% -55.56% 185.29% -4.78% 7.41% 23.77%
Operating Cash Flow Q/Q Growth		 220.51% -107.58% 147.55% 66.21% -53.77% 484.14% 30.76% 19.12% -76.08% -138.80% 1,397.87%
Free Cash Flow Firm Q/Q Growth		 123.45% -200.33% 124.64% 19,908.52% -69.45% 131.55% -105.24% 23.64% -132.29% -205.11% 14.06%
Invested Capital Q/Q Growth		 1.81% 7.45% -2.50% -14.97% 4.61% 7.83% -2.29% -2.72% 0.19% 11.13% 5.84%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 5.75% -0.25% 8.21% 6.90% 1.84% 18.70% 14.37% 8.31% 9.42% 10.23% 13.37%
EBITDA Margin		 2.08% -3.36% 5.86% 4.13% -3.74% 12.87% 6.98% 6.01% 5.71% 3.14% 5.31%
Operating Margin		 0.03% -5.41% 4.74% 3.41% -4.83% 12.47% 10.00% 3.85% 4.75% 0.68% 3.97%
EBIT Margin		 0.03% -5.41% 4.74% 3.41% -4.81% 12.07% 6.52% 5.55% 5.11% 2.39% 4.71%
Profit (Net Income) Margin		 0.36% -3.45% 3.25% 2.73% -3.69% 9.06% 4.93% 3.90% 3.36% 1.37% 3.02%
Tax Burden Percent		 73.74% 64.53% 68.25% 74.74% 76.76% 75.05% 76.73% 75.72% 74.40% 79.10% 74.07%
Interest Burden Percent		 1,705.88% 98.60% 100.43% 106.90% 100.00% 100.00% 98.63% 92.71% 88.36% 72.26% 86.53%
Effective Tax Rate		 26.26% 0.00% 31.75% 25.26% 0.00% 24.95% 23.27% 24.28% 25.60% 20.90% 25.93%
Return on Invested Capital (ROIC)		 0.03% -4.93% 6.53% 7.81% -8.65% 21.67% 28.30% 13.22% 11.74% 1.41% 9.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -11.30% -17.95% 6.26% 4.92% -4.16% 26.71% -134.37% 36.52% 9.10% 10.38% 9.77%
Return on Net Nonoperating Assets (RNNOA)		 0.44% 0.60% -0.60% -0.77% 0.63% -3.23% -8.91% 8.66% 2.55% 3.27% 4.76%
Return on Equity (ROE)		 0.47% -4.33% 5.92% 7.04% -8.01% 18.44% 19.40% 21.88% 14.28% 4.68% 13.76%
Cash Return on Invested Capital (CROIC)		 0.93% -2.35% 2.98% 7.81% 11.43% 5.09% -19.14% -28.24% -0.78% -5.37% -23.52%
Operating Return on Assets (OROA)		 0.03% -6.47% 7.66% 7.37% -8.34% 17.66% 14.62% 16.96% 12.29% 4.66% 10.81%
Return on Assets (ROA)		 0.44% -4.12% 5.25% 5.89% -6.40% 13.26% 11.06% 11.90% 8.08% 2.66% 6.93%
Return on Common Equity (ROCE)		 0.47% -4.33% 5.92% 7.04% -8.01% 18.44% 19.40% 21.88% 14.28% 4.68% 13.76%
Return on Equity Simple (ROE_SIMPLE)		 0.46% -4.44% 5.43% 7.04% -7.85% 17.48% 17.65% 18.49% 13.61% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.02 -2.95 3.92 4.77 -4.80 12 22 16 18 2.41 19
NOPAT Margin		 0.02% -3.79% 3.23% 2.55% -3.38% 9.36% 7.67% 2.91% 3.53% 0.54% 2.94%
Net Nonoperating Expense Percent (NNEP)		 11.33% 13.02% 0.27% 2.89% -4.49% -5.04% 162.67% -23.30% 2.64% -8.97% -0.77%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 1.34% 7.67%
Cost of Revenue to Revenue		 94.25% 100.25% 91.79% 93.10% 98.16% 81.30% 85.63% 91.69% 90.58% 89.77% 86.63%
SG&A Expenses to Revenue		 5.72% 5.17% 3.45% 2.56% 3.61% 6.21% 4.37% 4.00% 4.08% 3.64% 4.42%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 5.72% 5.17% 3.47% 3.48% 6.66% 6.23% 4.37% 4.46% 4.67% 9.54% 9.41%
Earnings before Interest and Taxes (EBIT)		 0.02 -4.21 5.74 6.38 -6.84 15 19 30 26 11 30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.70 -2.62 7.10 7.72 -5.31 16 20 33 29 14 34
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.51 0.84 0.75 0.72 1.02 0.78 0.83
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.51 0.84 0.75 0.72 1.02 0.78 0.83
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.21 0.43 0.21 0.15 0.25 0.23 0.19
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 4.78 4.23 3.89 7.52 16.87 6.44
Dividend Yield		 0.81% 0.67% 0.74% 2.34% 2.83% 1.01% 0.92% 0.71% 0.43% 1.09% 0.90%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 20.92% 23.65% 25.73% 13.29% 5.93% 15.53%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.25 0.82 0.79 0.78 1.02 0.83 0.89
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.09 0.38 0.26 0.21 0.33 0.33 0.34
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 2.96 3.78 3.43 5.70 10.50 6.38
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 3.16 4.05 3.72 6.36 13.78 7.20
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 4.08 3.44 7.09 9.20 60.95 11.55
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 1.13 5.71 0.00 1.77 33.72 0.00 25.69
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 1.99 17.35 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.03 0.23 0.29 0.32 0.36 0.63
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.23 0.29 0.32 0.36 0.63
Financial Leverage		 -0.04 -0.03 -0.10 -0.16 -0.15 -0.12 0.07 0.24 0.28 0.32 0.49
Leverage Ratio		 1.06 1.05 1.13 1.19 1.25 1.39 1.75 1.84 1.77 1.76 1.99
Compound Leverage Factor		 18.06 1.04 1.13 1.28 1.25 1.39 1.73 1.70 1.56 1.27 1.72
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 2.52% 18.79% 22.29% 24.02% 26.49% 38.80%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 2.27% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.26% 18.79% 22.29% 24.02% 26.49% 38.80%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 97.48% 81.21% 77.71% 75.98% 73.51% 61.20%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.10 0.93 1.01 1.37 3.42 2.79
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.40 0.80 0.91 1.27 3.15 2.72
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.01 0.93 1.01 1.37 3.42 2.79
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.14 0.84 2.08 2.21 19.83 5.06
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.55 0.72 1.89 2.05 18.30 4.93
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.01 0.84 2.08 2.21 19.83 5.06
Altman Z-Score		 0.00 0.00 0.00 0.00 4.73 4.24 3.63 5.00 4.58 4.07 3.77
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 17.34 19.28 6.02 6.02 6.76 2.67 2.06 3.19 3.14 4.34 3.38
Quick Ratio		 2.66 4.41 2.01 2.01 2.98 0.98 0.63 1.16 0.93 1.34 1.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.57 -1.40 1.79 4.77 6.35 2.77 -15 -34 -1.21 -9.18 -50
Operating Cash Flow to CapEx		 142.45% -25.35% 929.41% 1,192.11% 227.60% 184.05% -169.50% 388.32% 85.96% -181.99% 119.26%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 271.90 0.00 0.00 -58.04 -15.37 -0.39 -3.11 -12.09
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 548.96 0.00 0.00 -52.54 28.81 1.62 -1.50 2.08
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 502.91 0.00 0.00 -83.53 21.39 -0.26 -2.32 0.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.22 1.19 1.62 2.16 1.73 1.46 2.24 3.05 2.40 1.95 2.30
Accounts Receivable Turnover		 13.93 11.30 10.95 14.20 11.42 7.86 10.18 12.88 10.68 9.38 10.14
Inventory Turnover		 1.86 2.03 2.65 3.55 3.29 2.86 4.70 6.51 4.63 3.48 3.92
Fixed Asset Turnover		 5.19 4.99 8.95 15.71 12.14 9.35 12.52 13.03 9.33 7.87 9.96
Accounts Payable Turnover		 33.27 34.80 16.38 15.05 13.59 8.50 8.14 12.30 11.58 10.08 10.94
Days Sales Outstanding (DSO)		 26.20 32.30 33.32 25.71 31.96 46.43 35.86 28.34 34.18 38.92 36.01
Days Inventory Outstanding (DIO)		 196.38 179.95 137.82 102.77 110.85 127.61 77.68 56.05 78.85 104.94 93.11
Days Payable Outstanding (DPO)		 10.97 10.49 22.29 24.25 26.85 42.96 44.82 29.68 31.51 36.21 33.37
Cash Conversion Cycle (CCC)		 211.61 201.76 148.85 104.23 115.97 131.09 68.72 54.71 81.53 107.64 95.75
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 61 59 61 61 50 59 96 146 165 177 245
Invested Capital Turnover		 1.34 1.30 2.02 3.06 2.56 2.32 3.69 4.54 3.32 2.60 3.07
Increase / (Decrease) in Invested Capital		 -0.55 -1.55 2.13 0.00 -11 9.03 37 50 19 12 69
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 13 48 75 113 168 147 219
Market Capitalization		 0.00 0.00 0.00 0.00 30 55 59 83 130 103 126
Book Value per Share		 $9.30 $8.61 $10.34 $10.34 $8.37 $9.46 $11.62 $15.65 $18.27 $19.00 $21.30
Tangible Book Value per Share		 $9.30 $8.61 $10.34 $10.34 $8.37 $9.46 $11.62 $15.65 $18.27 $19.00 $21.30
Total Capital		 63 60 72 72 59 67 98 149 168 180 248
Total Debt		 0.00 0.00 0.00 0.00 0.00 1.69 18 33 40 48 96
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.17 18 33 40 48 96
Net Debt		 -2.80 -1.46 -12 -12 -17 -6.50 16 30 37 44 94
Capital Expenditures (CapEx)		 2.12 0.80 0.35 0.81 4.94 4.58 7.90 16 5.79 2.43 7.16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 44 42 50 50 39 42 62 96 113 124 178
Debt-free Net Working Capital (DFNWC)		 47 43 62 62 56 50 65 99 116 128 181
Net Working Capital (NWC)		 47 43 62 62 56 48 65 99 116 128 181
Net Nonoperating Expense (NNE)		 -0.28 -0.27 -0.02 -0.33 0.45 0.38 7.82 -5.39 0.90 -3.68 -0.53
Net Nonoperating Obligations (NNO)		 -2.73 -1.39 -11 -11 -8.62 -6.36 16 30 38 44 94
Total Depreciation and Amortization (D&A)		 1.67 1.59 1.36 1.34 1.52 1.01 1.32 2.53 3.07 3.32 3.90
Debt-free, Cash-free Net Working Capital to Revenue		 53.95% 53.52% 41.62% 26.94% 27.10% 33.14% 21.72% 17.46% 21.90% 27.99% 27.58%
Debt-free Net Working Capital to Revenue		 57.37% 55.40% 51.25% 33.18% 39.10% 39.64% 22.63% 18.00% 22.46% 28.82% 27.96%
Net Working Capital to Revenue		 57.37% 55.40% 51.25% 33.18% 39.10% 38.43% 22.63% 18.00% 22.46% 28.82% 27.96%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.04 ($0.39) $0.39 $0.73 ($0.75) $1.63 $2.04 $2.91 $2.39 $0.87 $2.76
Adjusted Weighted Average Basic Shares Outstanding		 6.80M 6.85M 7.01M 7.01M 7.00M 7.03M 6.62M 0.00 6.97M 7.06M 7.11M
Adjusted Diluted Earnings per Share		 $0.04 ($0.39) $0.39 $0.73 ($0.75) $1.63 $2.04 $2.91 $2.39 $0.87 $2.76
Adjusted Weighted Average Diluted Shares Outstanding		 6.80M 6.85M 7.01M 7.01M 7.00M 7.03M 6.62M 0.00 6.97M 7.06M 7.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.75) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 6.80M 7.01M 7.01M 42.50M 7.08M 0.00 0.00 0.00 6.97M 7.06M 7.11M
Normalized Net Operating Profit after Tax (NOPAT)		 0.02 -2.95 3.92 6.06 -1.76 12 22 16 18 2.20 19
Normalized NOPAT Margin		 0.02% -3.79% 3.23% 3.24% -1.24% 9.36% 7.67% 2.91% 3.53% 0.50% 2.94%
Pre Tax Income Margin		 0.49% -5.34% 4.76% 3.65% -4.81% 12.07% 6.43% 5.15% 4.52% 1.73% 4.08%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 363.81 0.00 0.00 72.89 13.71 8.59 3.61 7.43
NOPAT to Interest Expense		 0.00 0.00 0.00 271.90 0.00 0.00 85.82 7.19 5.94 0.82 4.63
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 317.76 0.00 0.00 41.89 6.29 6.70 2.78 5.68
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 225.85 0.00 0.00 54.83 -0.22 4.05 -0.01 2.88
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 92.51% -10.23% 7.13% 23.37% -16.00% 4.94% 3.92% 2.76% 3.35% 18.32% 5.80%
Augmented Payout Ratio		 92.51% -10.23% 7.13% 23.37% -16.00% 20.06% 7.74% 2.93% 33.05% 21.13% 5.85%

Quarterly Metrics And Ratios for Friedman Industries

This table displays calculated financial ratios and metrics derived from Friedman Industries' official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 7,375,282.00 7,375,282.00 - - - - 6,970,536.00 7,059,440.00 7,059,440.00 - 7,112,182.00
DEI Adjusted Shares Outstanding		 7,375,282.00 7,375,282.00 - - - - 6,970,536.00 7,059,440.00 7,059,440.00 - 7,112,182.00
DEI Earnings Per Adjusted Shares Outstanding		 0.48 0.16 - - - - 0.77 0.71 0.32 - 1.30
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -12.66% 3.68% 6.48% -16.57% -18.35% -18.88% -2.28% 17.66% 42.74% 78.56% 48.42%
EBITDA Growth		 39.34% -5.10% -10.43% -58.71% -87.31% -103.31% -4.19% 71.10% 490.89% 8,628.38% 79.10%
EBIT Growth		 42.85% -9.18% -12.57% -63.12% -100.60% -144.92% -5.68% 84.00% 11,406.06% 674.13% 85.59%
NOPAT Growth		 1,352.75% 433.92% -10.47% -114.00% -119.72% -114.30% -5.11% 589.90% 1,481.54% 456.63% 87.39%
Net Income Growth		 42.17% -13.95% -21.46% -66.62% -119.21% -197.30% 7.81% 95.87% 431.85% 364.15% 72.54%
EPS Growth		 41.18% -15.79% -14.46% -64.42% -120.83% -206.25% 8.45% 91.89% 420.00% 352.94% 68.83%
Operating Cash Flow Growth		 -120.60% 301.43% -79.98% -32.21% 168.89% -87.30% -398.84% 355.64% -95.98% -275.92% 77.74%
Free Cash Flow Firm Growth		 7.69% 81.78% 67.23% -128.37% 138.31% 153.63% 52.02% 158.71% -465.87% -1,507.06% -755.49%
Invested Capital Growth		 30.58% 10.06% 13.35% 8.75% -8.89% -3.52% 7.02% -2.00% 36.68% 45.77% 38.83%
Revenue Q/Q Growth		 -4.77% -11.30% 14.02% -13.37% -6.80% -11.88% 37.36% 4.30% 13.06% 10.23% 14.17%
EBITDA Q/Q Growth		 -46.15% -54.87% 215.12% -46.08% -83.46% -111.77% 11,564.86% -3.48% -42.86% 35.20% 140.77%
EBIT Q/Q Growth		 -49.35% -62.54% 294.43% -50.73% -100.83% -2,687.88% 928.15% -3.89% -49.05% 41.57% 167.70%
NOPAT Q/Q Growth		 -89.77% 630.82% -17.15% -122.60% 85.59% -429.91% 649.72% 16.67% -59.35% 36.79% 188.85%
Net Income Q/Q Growth		 -54.32% -66.30% 318.75% -48.23% -126.30% -70.67% 563.98% -5.93% -55.45% 35.85% 203.06%
EPS Q/Q Growth		 -53.85% -66.67% 343.75% -47.89% -127.03% -70.00% 552.94% -7.79% -54.93% 34.38% 202.33%
Operating Cash Flow Q/Q Growth		 -241.54% 235.78% -81.36% -252.93% 277.97% -74.97% -538.68% 230.90% -97.20% -1,194.01% 44.50%
Free Cash Flow Firm Q/Q Growth		 -177.86% 77.40% -58.18% -1.95% 205.14% -68.37% -241.49% 224.76% -755.23% -21.65% 13.97%
Invested Capital Q/Q Growth		 12.76% -7.54% 0.19% 4.10% -5.53% -2.08% 11.13% -4.66% 31.75% 4.43% 5.84%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 5.00% 9.62% 12.13% 3.41% 4.45% 3.35% 13.38% 14.65% 11.31% 11.49% 15.75%
EBITDA Margin		 4.76% 2.42% 6.70% 4.17% 0.74% -0.10% 6.57% 6.06% 3.06% 3.76% 7.92%
Operating Margin		 0.81% 5.32% 5.24% -1.22% -0.21% -1.26% 4.53% 5.23% 1.89% 2.32% 6.17%
EBIT Margin		 4.18% 1.77% 6.11% 3.47% -0.03% -0.98% 5.90% 5.43% 2.45% 3.14% 7.37%
Profit (Net Income) Margin		 2.69% 1.02% 3.75% 2.24% -0.63% -1.22% 4.14% 3.73% 1.47% 1.81% 4.81%
Tax Burden Percent		 75.35% 94.12% 69.43% 77.81% 74.83% 74.23% 78.05% 75.67% 75.24% 76.00% 72.35%
Interest Burden Percent		 85.28% 61.43% 88.40% 82.89% 2,733.33% 168.70% 89.88% 90.74% 79.79% 75.80% 90.14%
Effective Tax Rate		 24.65% 5.88% 30.57% 22.19% 0.00% 0.00% 21.95% 24.33% 24.76% 24.00% 27.65%
Return on Invested Capital (ROIC)		 1.95% 16.18% 12.09% -2.84% -0.40% -2.44% 9.19% 10.80% 3.78% 5.27% 13.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.63% 5.07% 12.52% 6.66% -1.62% -3.31% 11.09% 9.98% 3.90% 5.41% 14.64%
Return on Net Nonoperating Assets (RNNOA)		 3.01% 1.82% 3.50% 2.02% -0.54% -0.98% 3.50% 2.75% 1.69% 2.43% 7.13%
Return on Equity (ROE)		 4.95% 18.01% 15.59% -0.82% -0.95% -3.42% 12.69% 13.54% 5.47% 7.71% 20.81%
Cash Return on Invested Capital (CROIC)		 -16.97% 2.38% -0.78% -2.61% 14.32% 5.39% -5.37% 7.24% -25.16% -29.55% -23.52%
Operating Return on Assets (OROA)		 9.71% 4.15% 14.69% 7.90% -0.07% -1.99% 11.48% 11.43% 4.80% 7.04% 16.93%
Return on Assets (ROA)		 6.24% 2.40% 9.02% 5.09% -1.38% -2.50% 8.05% 7.85% 2.88% 4.06% 11.04%
Return on Common Equity (ROCE)		 4.95% 18.01% 15.59% -0.82% -0.95% -3.42% 12.69% 13.54% 5.47% 7.71% 20.81%
Return on Equity Simple (ROE_SIMPLE)		 14.90% 15.24% 0.00% 9.42% 6.24% 4.48% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.79 5.81 4.81 -1.09 -0.16 -0.83 4.57 5.33 2.17 2.96 8.56
NOPAT Margin		 0.61% 5.01% 3.64% -0.95% -0.15% -0.88% 3.53% 3.95% 1.42% 1.76% 4.46%
Net Nonoperating Expense Percent (NNEP)		 -6.69% 11.12% -0.43% -9.50% 1.22% 0.87% -1.90% 0.82% -0.13% -0.13% -0.96%
Return On Investment Capital (ROIC_SIMPLE)		 - 3.44% - - - -0.52% 2.54% 3.13% 0.96% 1.26% 3.46%
Cost of Revenue to Revenue		 95.00% 90.38% 87.87% 96.59% 95.55% 96.65% 86.62% 85.35% 88.69% 88.51% 84.25%
SG&A Expenses to Revenue		 3.62% 3.65% 4.56% 3.94% 3.69% 4.13% 2.97% 4.05% 4.13% 4.26% 5.07%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 4.20% 4.30% 6.88% 4.63% 4.66% 4.61% 8.85% 9.42% 9.42% 9.17% 9.58%
Earnings before Interest and Taxes (EBIT)		 5.47 2.05 8.08 3.98 -0.03 -0.92 7.62 7.32 3.73 5.28 14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6.23 2.81 8.86 4.78 0.79 -0.09 8.48 8.17 4.67 6.31 15
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.77 0.92 1.02 0.81 0.86 0.83 0.78 0.85 1.11 1.02 0.83
Price to Tangible Book Value (P/TBV)		 0.77 0.92 1.02 0.81 0.86 0.83 0.78 0.85 1.11 1.02 0.83
Price to Revenue (P/Rev)		 0.19 0.22 0.25 0.21 0.24 0.24 0.23 0.25 0.30 0.25 0.19
Price to Earnings (P/E)		 5.54 6.81 7.52 8.59 13.86 18.64 16.87 0.00 0.00 0.00 6.44
Dividend Yield		 0.60% 0.52% 0.43% 0.66% 0.75% 0.92% 1.09% 0.97% 0.92% 0.78% 0.90%
Earnings Yield		 18.04% 14.69% 13.29% 11.64% 7.22% 5.36% 5.93% 0.00% 0.00% 0.00% 15.53%
Enterprise Value to Invested Capital (EV/IC)		 0.84 0.94 1.02 0.85 0.89 0.87 0.83 0.88 1.07 1.01 0.89
Enterprise Value to Revenue (EV/Rev)		 0.30 0.30 0.33 0.30 0.31 0.31 0.33 0.32 0.46 0.40 0.34
Enterprise Value to EBITDA (EV/EBITDA)		 4.87 5.07 5.70 6.48 8.40 9.61 10.50 8.51 11.16 8.51 6.38
Enterprise Value to EBIT (EV/EBIT)		 5.37 5.62 6.36 7.51 10.28 12.40 13.78 10.55 13.33 9.80 7.20
Enterprise Value to NOPAT (EV/NOPAT)		 9.92 8.22 9.20 15.41 16.93 46.78 60.95 16.60 21.12 15.61 11.55
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 7.43 33.72 41.96 4.83 12.09 0.00 8.61 34.87 0.00 25.69
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 41.27 0.00 0.00 5.93 15.76 0.00 11.97 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.43 0.37 0.32 0.36 0.28 0.26 0.36 0.24 0.62 0.65 0.63
Long-Term Debt to Equity		 0.43 0.37 0.32 0.36 0.28 0.26 0.36 0.24 0.62 0.65 0.63
Financial Leverage		 0.35 0.36 0.28 0.30 0.33 0.30 0.32 0.28 0.43 0.45 0.49
Leverage Ratio		 1.86 1.87 1.77 1.72 1.69 1.76 1.76 1.66 1.94 1.94 1.99
Compound Leverage Factor		 1.58 1.15 1.56 1.42 46.13 2.96 1.58 1.50 1.55 1.47 1.79
Debt to Total Capital		 30.05% 27.24% 24.02% 26.23% 21.78% 20.34% 26.49% 19.40% 38.46% 39.37% 38.80%
Short-Term Debt to Total Capital		 0.06% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.00%
Long-Term Debt to Total Capital		 29.99% 27.24% 24.02% 26.22% 21.78% 20.34% 26.49% 19.40% 38.46% 39.26% 38.80%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 69.95% 72.76% 75.98% 73.77% 78.22% 79.66% 73.51% 80.60% 61.54% 60.63% 61.20%
Debt to EBITDA		 1.78 1.51 1.37 2.03 2.08 2.27 3.42 1.91 4.10 3.35 2.79
Net Debt to EBITDA		 1.67 1.38 1.27 1.85 1.94 2.19 3.15 1.79 3.89 3.24 2.72
Long-Term Debt to EBITDA		 1.77 1.51 1.37 2.03 2.08 2.27 3.42 1.91 4.10 3.34 2.79
Debt to NOPAT		 3.62 2.44 2.21 4.84 4.20 11.05 19.83 3.72 7.77 6.14 5.06
Net Debt to NOPAT		 3.41 2.23 2.05 4.40 3.91 10.68 18.30 3.48 7.36 5.94 4.93
Long-Term Debt to NOPAT		 3.61 2.44 2.21 4.83 4.20 11.05 19.83 3.72 7.77 6.12 5.06
Altman Z-Score		 4.24 4.06 4.31 4.24 4.37 4.13 4.03 4.41 3.32 3.58 3.61
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.68 3.13 3.14 4.19 4.07 3.53 4.34 3.90 3.24 3.59 3.38
Quick Ratio		 1.57 0.89 0.93 1.08 1.16 0.78 1.34 1.30 0.94 0.91 1.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -41 -9.25 -15 -15 16 4.96 -7.02 8.76 -57 -70 -60
Operating Cash Flow to CapEx		 -643.36% 1,123.90% 389.19% -574.86% 1,274.59% 235.72% -6,505.49% 869.68% 17.66% -296.56% -199.32%
Free Cash Flow to Firm to Interest Expense		 -50.87 -11.71 -3.55 -21.91 18.06 7.85 -9.11 12.92 -76.13 -54.64 -43.10
Operating Cash Flow to Interest Expense		 -19.44 26.90 0.96 -8.90 12.41 4.27 -15.36 22.85 0.58 -3.72 -1.89
Operating Cash Flow Less CapEx to Interest Expense		 -22.47 24.51 0.71 -10.44 11.44 2.46 -15.59 20.22 -2.68 -4.97 -2.84
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.32 2.35 2.40 2.27 2.18 2.04 1.95 2.10 1.96 2.24 2.30
Accounts Receivable Turnover		 9.49 11.62 10.68 11.68 10.21 11.76 9.38 10.51 10.02 13.35 10.14
Inventory Turnover		 4.75 4.32 4.63 4.15 4.16 3.68 3.48 4.05 3.68 3.89 3.92
Fixed Asset Turnover		 9.26 9.22 9.33 8.92 8.37 7.90 7.87 8.14 7.85 8.95 9.96
Accounts Payable Turnover		 10.58 10.14 11.58 13.01 13.61 9.49 10.08 12.98 9.58 10.97 10.94
Days Sales Outstanding (DSO)		 38.47 31.42 34.18 31.26 35.74 31.05 38.92 34.74 36.42 27.34 36.01
Days Inventory Outstanding (DIO)		 76.88 84.47 78.85 88.04 87.75 99.18 104.94 90.09 99.14 93.83 93.11
Days Payable Outstanding (DPO)		 34.51 36.01 31.51 28.05 26.82 38.48 36.21 28.12 38.11 33.29 33.37
Cash Conversion Cycle (CCC)		 80.85 79.89 81.53 91.25 96.67 91.75 107.64 96.71 97.46 87.88 95.75
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 178 165 165 172 162 159 177 169 222 232 245
Invested Capital Turnover		 3.20 3.23 3.32 2.99 2.76 2.76 2.60 2.73 2.66 2.99 3.07
Increase / (Decrease) in Invested Capital		 42 15 19 14 -16 -5.79 12 -3.43 60 73 69
Enterprise Value (EV)		 149 155 168 147 145 138 147 148 237 235 219
Market Capitalization		 98 113 130 105 111 106 103 117 154 145 126
Book Value per Share		 $17.19 $16.64 $18.27 $18.61 $18.47 $18.28 $19.00 $19.45 $19.73 $20.00 $21.30
Tangible Book Value per Share		 $17.19 $16.64 $18.27 $18.61 $18.47 $18.28 $19.00 $19.45 $19.73 $20.00 $21.30
Total Capital		 181 169 168 176 165 160 180 170 226 235 248
Total Debt		 54 46 40 46 36 33 48 33 87 92 96
Total Long-Term Debt		 54 46 40 46 36 33 48 33 87 92 96
Net Debt		 51 42 37 42 33 31 44 31 82 89 94
Capital Expenditures (CapEx)		 2.43 1.89 1.02 1.05 0.85 1.15 0.18 1.78 2.46 1.60 1.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 127 112 113 119 109 106 124 115 155 164 178
Debt-free Net Working Capital (DFNWC)		 130 116 116 124 112 107 128 117 160 167 181
Net Working Capital (NWC)		 130 116 116 124 112 107 128 117 160 167 181
Net Nonoperating Expense (NNE)		 -2.72 4.63 -0.14 -3.65 0.52 0.32 -0.78 0.30 -0.07 -0.08 -0.66
Net Nonoperating Obligations (NNO)		 51 42 38 42 34 32 44 31 83 90 94
Total Depreciation and Amortization (D&A)		 0.76 0.76 0.78 0.80 0.82 0.83 0.87 0.85 0.94 1.03 1.06
Debt-free, Cash-free Net Working Capital to Revenue		 25.16% 22.09% 21.90% 24.21% 23.26% 23.67% 27.99% 24.82% 30.44% 28.12% 27.58%
Debt-free Net Working Capital to Revenue		 25.78% 22.88% 22.46% 25.05% 23.79% 23.91% 28.82% 25.27% 31.33% 28.63% 27.96%
Net Working Capital to Revenue		 25.76% 22.88% 22.46% 25.05% 23.79% 23.91% 28.82% 25.27% 31.33% 28.59% 27.96%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.48 $0.16 $0.71 $0.37 ($0.10) ($0.17) $0.77 $0.71 $0.32 $0.43 $1.30
Adjusted Weighted Average Basic Shares Outstanding		 7.38M 6.98M 6.97M 6.97M 6.97M 6.97M 7.06M 7.06M 7.11M 7.11M 7.11M
Adjusted Diluted Earnings per Share		 $0.48 $0.16 $0.71 $0.37 ($0.10) ($0.17) $0.77 $0.71 $0.32 $0.43 $1.30
Adjusted Weighted Average Diluted Shares Outstanding		 7.38M 6.98M 6.97M 6.97M 6.97M 6.97M 7.06M 7.06M 7.11M 7.11M 7.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.38M 6.98M 6.97M 6.97M 6.97M 6.97M 7.06M 7.06M 7.11M 7.11M 7.11M
Normalized Net Operating Profit after Tax (NOPAT)		 0.79 5.81 4.81 -1.09 -0.00 -1.09 4.57 5.33 2.17 2.96 8.56
Normalized NOPAT Margin		 0.61% 5.01% 3.64% -0.95% 0.00% -1.16% 3.53% 3.95% 1.42% 1.76% 4.46%
Pre Tax Income Margin		 3.57% 1.08% 5.40% 2.88% -0.84% -1.65% 5.30% 4.93% 1.95% 2.38% 6.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.79 2.59 1.96 5.84 -0.04 -1.46 9.88 10.80 4.95 4.13 10.14
NOPAT to Interest Expense		 0.99 7.35 1.17 -1.60 -0.18 -1.31 5.92 7.86 2.87 2.32 6.14
EBIT Less CapEx to Interest Expense		 3.77 0.20 1.71 4.30 -1.01 -3.27 9.65 8.17 1.69 2.88 9.20
NOPAT Less CapEx to Interest Expense		 -2.03 4.96 0.92 -3.15 -1.15 -3.13 5.69 5.23 -0.39 1.07 5.19
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 3.12% 3.16% 3.35% 5.83% 10.49% 17.09% 18.32% 13.08% 9.80% 7.19% 5.80%
Augmented Payout Ratio		 3.18% 30.70% 33.05% 48.98% 76.23% 20.09% 21.13% 13.76% 10.20% 7.25% 5.85%

Financials Breakdown Chart

Key Financial Trends

Friedman Industries (NASDAQ: FRD) has had a very volatile four-quarter stretch, but the latest quarter shows a meaningful rebound in profitability. Revenue and margins improved sharply in Q4 2026 versus the prior quarter and versus much of the last year, but cash flow remained weak, and the company still appears highly dependent on debt financing to support operations and capital structure.

  • Q4 2026 revenue jumped to $191.8 million, up from $168.0 million in Q3 2026 and $129.2 million in Q4 2025, showing a strong recovery in sales volume.
  • Gross profit improved to $30.2 million in Q4 2026, nearly doubling from $19.3 million in Q3 2026 and well above the year-ago quarter’s $17.3 million.
  • Net income rose to $9.2 million in Q4 2026, compared with $3.0 million in Q3 2026 and $5.3 million in Q4 2025, indicating stronger bottom-line performance.
  • Operating income rebounded to $11.8 million in Q4 2026, after just $3.9 million in Q3 2026 and a loss in Q3 2025, suggesting improved operating leverage.
  • Shares outstanding stayed essentially flat at about 7.1 million in the latest quarter, so the earnings improvement was driven by operations rather than dilution.
  • Debt was reduced from the prior year: long-term debt fell to $92.1 million in Q3 2026 from $102.8 million in Q3 2025, and short-term debt was very low at $252,000.
  • Balance sheet equity improved to $142.2 million in Q3 2026 from $127.3 million a year earlier, helped by retained earnings growth.
  • Depreciation and amortization were modest relative to revenue, so the company’s reported earnings are not being overwhelmed by non-cash charges.
  • Operating cash flow was negative in Q4 2026 at -$2.6 million, despite the profit rebound, which raises questions about working-capital pressure.
  • The company continues to rely heavily on debt issuance and repayment activity in the cash flow statement, suggesting a leveraged and somewhat cyclical capital structure.

Trend summary: Over the last several quarters, FRD moved from a weak period in late 2024 and early 2025 into a much stronger Q3/Q4 2026 operating environment. Revenue, gross profit, and net income all improved materially in the latest quarter. However, cash generation has been inconsistent, and the balance sheet still carries a significant debt load. For retail investors, the key takeaway is that FRD appears to be a cyclical turnaround story with improving earnings, but cash flow and leverage remain important risks to watch.

07/10/26 07:47 PM ETAI Generated. May Contain Errors.

Friedman Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Friedman Industries' financial year ends in March. Their financial year 2026 ended on March 31, 2026.

Friedman Industries' net income appears to be on an upward trend, with a most recent value of $19.53 million in 2026, rising from $294 thousand in 2016. The previous period was $6.09 million in 2025. View Friedman Industries' forecast to see where analysts expect Friedman Industries to go next.

Friedman Industries' total operating income in 2026 was $25.65 million, based on the following breakdown:
  • Total Gross Profit: $86.50 million
  • Total Operating Expenses: $60.84 million

Over the last 10 years, Friedman Industries' total revenue changed from $81.63 million in 2016 to $646.91 million in 2026, a change of 692.5%.

Friedman Industries' total liabilities were at $185.32 million at the end of 2026, a 96.3% increase from 2025, and a 4,975.3% increase since 2016.

In the past 10 years, Friedman Industries' cash and equivalents has ranged from $1.46 million in 2017 to $17.06 million in 2020, and is currently $2.45 million as of their latest financial filing in 2026.

Over the last 10 years, Friedman Industries' book value per share changed from 9.30 in 2016 to 21.30 in 2026, a change of 129.0%.


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Financial statements for NASDAQ:FRD last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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