MARKETS / NASDAQ / FRD

NASDAQ · STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS · MID CAP

Friedman Industries Inc. FRD

15 fiscal years on record · USD · FY2024 reported · SEC filings only

Revenue

$444.6M

▼ 13.9% YoY

Net income

$6.1M

▼ 64.9% YoY

Free cash flow

$-8.4M

In brief

What this company does

Friedman Industries, Incorporated is a manufacturer and processor of metals. As of March 31, 2026, the Company had 381 full-time employees, all based in the United States. Sales of flat-roll products to O'Neal Steel accounted for approximately 15% and 16% of the Company's total sales for fiscal years 2026 and 2025, respectively. It operates in two reportable segments: flat-roll products and tubular products. The flat-roll product segment consists of processing facilities located in Hickman, Arkansas, Decatur, Alabama, Miami, Florida, East Chicago, Indiana, Granite City, Illinois and Sinton, Texas, and a distribution facility located in Orlando, Florida. The tubular product segment consists of the Company's Texas Tubular Products division, located in Lone Star, Texas. Friedman Industries, Incorporated is a Texas corporation incorporated in 1965.

Written from the business description in FRIEDMAN INDUSTRIES INC's annual report to the U.S. Securities and Exchange Commission, filed 11 June 2026. Every sentence was checked against that document before publication.

Growth

USD 444.6M

Revenue, FY2024 · full 15-year series below

Revenue $M Net income $M

FY2024 · Revenue 444.6 · Net income 6.1

Compound annual growth

Revenue

+15.9%

+25.6%

+15.2%

Net income

−24.4%

+31.9%

EPS, diluted

−24.7%

+30.7%

Dividend / share

+26.0%

Returned to shareholders

+5.7%

+8.9%

+9.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +25.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents

of every revenue dollar became profit

Operating margin Net margin

FY2024 · Operating 0.7% · Net 1.4%

ROE

FY2024 · ROE 4.7%

Gross margin0.6%

Operating margin0.7%

Net margin1.4%

Return on assets2.7%

EBITDAUSD 6.3M

Each USD of equity produced 5 cents of profit this year.

Cash & shareholders

USD 1.3M

returned in FY2024 · dividends + net buybacks

Free cash flow $M

FY2024 · FCF -8.4

Net buybacks $M Dividends $M

FY2024 · Dividends 1.1 · Net buybacks 0.2

Dividends paidUSD 1.1M

Net buybacksUSD 171,000.00

Share of profit21.1%

Consecutive raises2 years

USD 1.1M in dividends and USD 171,000.00 in buybacks — 21% of the year's profit went back to shareholders.

Total assetsUSD 226.8M

EquityUSD 132.4M

CashUSD 3.7M

Current ratio4.34×

Equity funds 58% of total assets.

The 15-year record

15 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	0.4	0.5	0.5	0.3	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1
Operating income $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	−0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	−0.0
EPS, diluted $	0.87	2.39	2.91	2.04	1.63	−0.75	0.73	0.56	−0.39	0.04	0.06	0.25	0.90	1.20	1.20
Dividend / sh $	0.16	0.10	0.08	0.08	·	·	·	·	·	·	·	·	·	·	·
Payout %	18	3	3	4	5	−16	23	7	−10	93	142	103	113	42	62
ROE %	4.7	14.3	21.9	19.4	17.3	−7.5	7.2	6.1	−4.3	0.5	0.6	2.7	9.7	13.3	13.9

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 60 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 20 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySteel Works, Blast Furnaces & Rolling & Finishing Mills

Listed onNASDAQ

Incorporated inTexas

Fiscal year endsMarch 31

SEC categorysmaller reporting company

Data on record since2010