FRIEDMAN INDUSTRIES INC

FRD

FRIEDMAN INDUSTRIES INC

FRD

Insider Sentiment (TTM):

Last Purchase:2026-03-18Last Sale:2023-08-17Shares Purchased (TTM):5,000Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:3,615,223Shares Outstanding:9,019,505Institutional Ownership Pct.:40.08%

Earnings Market Reaction:

Filing Date:2026-08-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets Current
Cash And Cash Equivalents At Carrying Value	5	3	5	2	4	1	2	4	3	4	3
Accounts Receivable Net Current	91	56	62	51	47	32	40	38	47	44	52
Inventory Net	191	169	162	103	114	115	105	120	116	114	105
Derivative Assets Current	1	2	1	0	1	0	0	0	0	0	1
Other Assets Current	3	2	2	1	1	1	1	1	4	9	4
Assets Current	291	231	231	158	166	149	148	162	170	171	165
Property Plant And Equipm…
Land	12	12	12	2	2	2	2	2	2	2	2
Buildings And Improvements Gross	33	33	33	30	30	31	31	31	31	29	29
Machinery And Equipment Gross	66	62	61	59	58	57	56	54	54	52	51
Construction In Progress Gross	3	3	2	1	0	1	1	2	2	4	4
Accumulated Depreciation Depletion And Amortizatio…	-38	-36	-36	-35	-34	-33	-33	-32	-31	-31	-30
Property Plant And Equipment Net	75	74	73	57	56	57	57	57	57	56	55
Other Assets
Operating Lease Right Of Use Asset	6	5	5	3	3	3	3	3	3	1	1
Other Assets Noncurrent	1	2	2	1	1	1	-	-	0	-	-
Assets	373	312	311	219	227	210	209	223	230	229	222
Liabilities Current
Accounts Payable And Accrued Liabilities Current	88	60	68	35	35	41	35	34	44	48	29
Accrued Income Taxes Current	4	0	0	2	1	0	0	3	2	2	2
Dividends Payable Current	0	0	0	0	0	0	0	0	0	0	0
Deferred Compensation Cash Based Arrangements Liab…	-	-	-	-	-	-	-	-	0	0	0
Employee Related Liabilities Current	6	4	3	3	2	1	1	1	6	4	3
Finance Lease Liability Current	-	-	-	-	0	0	0	0	0	0	0
Business Combination Contingent Consideration Liab…	-	0	-	-	-	-	-	-	-	-	-
Derivative Liabilities Current	2	0	0	0	0	0	0	0	2	1	0
Liabilities Current	100	64	71	40	38	42	36	39	54	55	35
Other Postretirement Defined Benefit Plan Liabilit…	0	0	0	0	0	0	0	0	0	0	0
Deferred Income Tax Liabilities Net	7	5	5	5	5	5	5	5	5	4	4
Other Liabilities Noncurrent	-	-	-	-	-	-	-	-	-	1	1
Operating Lease Liability Noncurrent	-	-	-	-	-	3	3	3	-	-	-
Long Term Notes Payable	3	3	3	-	-	-	-	-	-	-	-
Business Combination Contingent Consideration Liab…	2	3	4	-	-	-	-	-	-	-	-
Long Term Line Of Credit	91	89	84	33	48	33	36	46	40	46	54
Liabilities	209	170	172	82	94	83	80	93	103	106	95
Stockholders Equity
Common Stock Value	9	9	9	9	9	9	9	9	9	9	9
Additional Paid In Capital Common Stock	36	36	35	35	35	35	35	35	35	35	35
Treasury Stock Common Value	-13	-13	-13	-13	-13	-13	-13	-13	-13	-13	-8
Retained Earnings Accumulated Deficit	132	111	108	106	101	96	98	99	96	92	91
Accumulated Other Comprehensive Income Loss Net Of…	-	-	-	-	-	-	-	-	0	0	0
Stockholders Equity	164	142	139	137	132	127	129	130	127	123	127
Liabilities And Stockholders Equity	373	312	311	219	227	210	209	223	230	229	222
Common Stock Par Or Stated Value Per Share	1	1	1	1	1	1	1	1	1	1	1
Common Stock Shares Authorized	10	10	10	10	10	10	10	10	10	10	10
Common Stock Shares Issued	9	9	9	9	9	9	9	9	9	9	9
Treasury Stock Common Shares	2	2	2	2	2	2	2	2	2	2	1

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2027	-	-	-	-	-	-	-	-	-	-	-	-
2026	23.72%	44.26%	37.93%	-11.07%	-7.79%	-10.39%	-6.94%	-12.66%	4.36%	-	-	-
2025	-11.21%	-7.49%	-15.75%	20.61%	3.75%	3.85%	-3.19%	-11.03%	1.42%	-1.94%	-11.89%	12.58%
2024	-24.87%	-23.76%	-39.04%	10.99%	28.51%	41.50%	4.00%	10.29%	10.28%	-4.31%	8.55%	-2.87%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	2.90	3.59	3.24	3.90	4.34	3.53	4.07	4.19	3.14	3.13	4.68
Quick Ratio	1.00	0.97	0.98	1.35	1.38	0.80	1.18	1.10	1.00	1.04	1.72
Working Capital	190.79M	167.06M	159.95M	117.45M	128.14M	107.01M	111.68M	123.62M	115.96M	116.30M	129.87M
Leverage & Debt
Debt to Equity	1.27	1.19	1.24	0.60	0.71	0.65	0.62	0.72	0.80	0.87	0.75
Interest Coverage TTM	8.86	5.65	5.15	3.89	1.03	1.32	3.50	3.97	7.98	8.70	8.00
Debt Ratio	0.56	0.54	0.55	0.37	0.42	0.39	0.38	0.42	0.45	0.46	0.43
Efficiency & Turnover
Asset Turnover TTM	2.32	2.24	1.96	2.10	1.95	2.04	2.18	2.27	2.40	2.35	2.32
Days Sales Outstanding TTM	36.28	27.34	36.42	34.74	38.92	31.05	35.74	31.26	34.18	31.42	38.47
Receivables Turnover TTM	10.06	13.35	10.02	10.51	9.38	11.76	10.21	11.68	10.68	11.62	9.49
Per Share Metrics
Free Cash Flow Per Share TTM	0.83	-1.15	-0.27	-0.47	-0.95	0.83	2.83	-0.33	-0.09	0.89	-2.61
Dividend Per Share TTM	0.15	0.16	0.16	0.12	0.13	0.11	0.10	0.08	0.07	0.07	0.07
Margin Metrics
Gross Profit Margin TTM	100.57%	69.98%	50.00%	25.84%	0.63%	0.59%	2.36%	2.75%	4.75%	26.61%	23.28%
Operating Profit Margin TTM	5.01%	3.37%	2.86%	2.47%	0.68%	0.92%	2.45%	2.59%	4.75%	4.89%	3.99%
Net Profit Margin TTM	3.32%	2.68%	2.25%	1.84%	1.37%	1.27%	1.71%	2.48%	3.36%	3.68%	3.75%
Growth Metrics
Net Revenue Growth (1Y)	56.34%	30.55%	8.72%	-5.81%	-13.88%	-11.92%	-6.86%	-5.65%	-5.71%	1.96%	15.03%
Net Income Growth (1Y)	279.54%	174.76%	42.66%	-30.08%	-64.92%	-69.53%	-57.47%	-31.53%	-18.74%	147.05%	484.60%
EPS Growth (1Y)	269.24%	170.31%	41.17%	-30.81%	-64.93%	-69.54%	-57.50%	-31.56%	-18.78%	147.05%	484.10%
Valuation Metrics
P/E TTM	12.70	11.74	17.01	17.21	21.46	23.46	17.38	10.75	9.38	7.16	6.14
P/B TTM	1.79	1.29	1.40	1.07	0.99	1.05	1.08	1.01	1.28	1.09	0.91
P/S TTM	0.42	0.31	0.38	0.32	0.29	0.30	0.30	0.27	0.32	0.26	0.23
Market Cap	293.30M	183.86M	194.97M	147.05M	130.60M	133.66M	139.65M	131.33M	162.65M	133.94M	115.91M
Enterprise Value	291.76M	184.35M	193.88M	144.95M	126.91M	132.58M	137.17M	127.21M	159.81M	130.01M	112.86M
Calculated Values
Free Cash Flow TTM	7.58M	-10.35M	-2.45M	-4.19M	-8.41M	7.32M	25.13M	-2.89M	-813.00K	7.86M	-23.14M
Net Debt	-1.54M	484.00K	-1.10M	-2.10M	-3.69M	-1.08M	-2.47M	-4.12M	-2.84M	-3.93M	-3.04M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-03-18Purchase

Owner: Chhibbar, Gaurav

Title: Chief Operating Officer

Shares: 400

Price/Share: $16.94

Value: $6,776.00

Shares Owned: 51,400

Relationship: Officer

Ownership: Direct

2026-03-09Purchase

Owner: Taylor, Mike J

Title: President / CEO / Director

Shares: 500

Price/Share: $18.00

Value: $9,000.00

Shares Owned: 223,166

Relationship: Director,Officer

Ownership: Direct

2026-03-03Purchase

Owner: Taylor, Mike J

Title: President / CEO / Director

Shares: 400

Price/Share: $18.00

Value: $7,200.00

Shares Owned: 222,666

Relationship: Director,Officer

Ownership: Direct

2026-02-23Purchase

Owner: Taylor, Mike J

Title: President / CEO / Director

Shares: 100

Price/Share: $18.00

Value: $1,800.00

Shares Owned: 222,266

Relationship: Director,Officer

Ownership: Direct

2026-02-19Purchase

Owner: Chhibbar, Gaurav

Title: Chief Operating Officer

Shares: 1,000

Price/Share: $18.35

Value: $18,350.00

Shares Owned: 51,000

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-03-18	Chhibbar, Gaurav	Officer	Chief Operating Officer	Direct	Purchase	400	16.94	$6,776.00	51,400	4
2026-03-09	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	500	18.00	$9,000.00	223,166	4
2026-03-03	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	400	18.00	$7,200.00	222,666	4
2026-02-23	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	100	18.00	$1,800.00	222,266	4
2026-02-19	Chhibbar, Gaurav	Officer	Chief Operating Officer	Direct	Purchase	1,000	18.35	$18,350.00	51,000	4
2026-02-18	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	600	18.75	$11,250.00	222,166	4
2025-12-02	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	500	18.74	$9,370.00	221,566	4
2025-12-01	Scott, Sandra Kay	Director	-	Direct	Purchase	500	20.27	$10,135.00	10,569	4
2025-11-24	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	1,000	19.47	$19,470.00	221,066	4
2025-02-11	Stevenson, Tim Scott	Director	-	Direct	Purchase	1,500	17.23	$25,845.00	28,675	4
2025-01-29	Scott, Sandra Kay	Director	-	Direct	Purchase	500	14.34	$7,170.00	9,112	4
2025-01-15	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	2,500	14.10	$35,250.00	169,154	4
2025-01-14	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	520	14.50	$7,540.00	166,654	4
2024-11-21	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	2,000	13.50	$27,000.00	164,154	4
2024-11-20	Reichenthal, Max Alan	Director	-	Direct	Purchase	2,000	13.72	$27,440.00	32,761	4
2024-11-19	Taylor, Sharon L	Director	-	Direct	Purchase	700	13.85	$9,695.00	6,741	4
2024-09-18	Reichenthal, Max Alan	Director	-	Direct	Purchase	2,000	14.00	$28,000.00	30,761	4
2024-09-18	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	1,178	13.93	$16,409.54	162,154	4
2024-09-12	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	1,043	14.40	$15,019.20	159,654	4
2024-09-11	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	569	14.40	$8,193.60	158,611	4
2024-08-16	Reichenthal, Max Alan	Director	-	Direct	Purchase	2,000	14.89	$29,780.00	28,761	4
2024-07-10	Williams, Joe L	Director	-	Direct	Purchase	3,000	14.34	$43,020.00	31,574	4
2024-07-02	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	5,000	14.50	$72,500.00	157,154	4
2024-06-26	Reichenthal, Max Alan	Director	-	Direct	Purchase	2,000	15.00	$30,000.00	26,761	4
2024-06-25	Spira, Joel	Director	-	Direct	Purchase	2,000	14.27	$28,540.00	16,504	4
2024-06-17	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	1,908	16.33	$31,157.64	152,154	4
2023-09-11	Reichenthal, Max Alan	Director	-	Direct	Purchase	2,000	13.35	$26,700.00	24,120	4
2023-09-07	Spira, Joel	Director	-	Direct	Purchase	1,000	13.00	$13,000.00	13,863	4
2023-08-23	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	1,000	13.99	$13,990.00	142,154	4
2023-08-21	Taylor, Sharon L	Director	-	Direct	Purchase	1,800	14.00	$25,200.00	5,400	4
2023-08-21	Reichenthal, Max Alan	Director	-	Direct	Purchase	2,000	14.11	$28,220.00	22,120	4
2023-08-21	Spira, Joel	Director	-	Direct	Purchase	1,000	14.00	$14,000.00	12,863	4
2023-08-18	Taylor, Mike J	Director,Officer	President / CEO / Director	Direct	Purchase	3,322	14.60	$48,501.20	141,154	4
2023-08-17	Larue, Alex	Officer	CFO - Secretary & Treasurer	Direct	Sale	4,000	14.36	$57,440.00	22,907	4
2023-07-25	Agrawal, Durga D	Director	-	Direct	Purchase	5,000	16.32	$81,600.00	25,863	4
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Institutional Ownership

No data available for chart

2026-03-31

40.08%

Inst. Shares: 3,615,223

Shares Outstanding: 9,019,505

2025-12-31

40.19%

Inst. Shares: 3,624,732

Shares Outstanding: 9,019,505

2025-09-30

40.58%

Inst. Shares: 3,638,817

Shares Outstanding: 8,966,763

2025-06-30

39.48%

Inst. Shares: 3,539,668

Shares Outstanding: 8,966,763

2025-03-31

34.66%

Inst. Shares: 3,077,039

Shares Outstanding: 8,877,229

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	3,615,223	9,019,505	40.08%
2025-12-31	3,624,732	9,019,505	40.19%
2025-09-30	3,638,817	8,966,763	40.58%
2025-06-30	3,539,668	8,966,763	39.48%
2025-03-31	3,077,039	8,877,229	34.66%
2024-12-31	2,959,427	8,873,203	33.35%
2024-09-30	2,714,126	8,873,203	30.59%
2024-06-30	2,742,113	8,873,203	30.90%
2024-03-31	2,403,769	8,873,203	27.09%
2023-12-31	1,777,207	8,868,716	20.04%
2023-09-30	1,837,027	8,868,716	20.71%
2023-06-30	1,754,338	8,868,716	19.78%
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FRIEDMAN INDUSTRIES INC (FRD) — SEC Financial Statements & Analysis

FRIEDMAN INDUSTRIES INC (FRD) is a steel works, blast furnaces & rolling & finishing mills company, incorporated in TX. FRIEDMAN INDUSTRIES INC trades on Nasdaq as: FRD. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), FRIEDMAN INDUSTRIES INC reported a 56.34% year-over-year revenue growth, a Gross Profit Margin of 100.57% (TTM), a Debt-to-Equity ratio of 1.27x, a Price-to-Sales (P/S) ratio of 0.42x (TTM), a Price-to-Book (P/B) ratio of 1.79x (TTM), at a market cap of $293.30M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 56.34%
Gross Profit Margin TTM: 100.57%
Debt To Equity: 1.27x
P/S TTM: 0.42x
P/B TTM: 1.79x
Market Cap: $293.30M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is FRIEDMAN INDUSTRIES INC in?

FRIEDMAN INDUSTRIES INC (FRD) operates in the Steel Works, Blast Furnaces & Rolling & Finishing Mills industry.

What is FRD's market cap?

FRIEDMAN INDUSTRIES INC (FRD) has a market capitalization of $293.30M as of 2026-06-30.

What is FRD's P/E ratio?

FRIEDMAN INDUSTRIES INC (FRD)'s trailing twelve month P/E ratio is 12.70x as of 2026-06-30.

What exchange does FRD trade on?

FRIEDMAN INDUSTRIES INC (FRD) trades on the Nasdaq.

Where is FRIEDMAN INDUSTRIES INC incorporated?

FRIEDMAN INDUSTRIES INC is incorporated in TX.