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MARKETS / NASDAQ / Materials / Steel and metals / 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
$444.6M
▼ 13.9% YoY
$6.1M
▼ 64.9% YoY
$-8.4M

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

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
200M400M
201020132016201920222024
Compound annual growth
+15.9%
+25.6%
+15.2%
−24.4%
+31.9%
−24.7%
+30.7%
+26.0%
+5.7%
+8.9%
+9.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.6% a year over the five years to FY2024.

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%
5%10%-2%-4%
201020172024
ROE
FY2024 · ROE 4.7%
10%20%-2%-4%-6%
201020172024
Three returns, three denominators.
Gross margin0.6%
Operating margin0.7%
Net margin1.4%
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
20M40M-10M-20M
201020172024
Net buybacks $M Dividends $M
FY2024 · Dividends 1.1 · Net buybacks 0.2
2.5M5.0MDividendsNet buybacks
20102012201420162018202020222024
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—not applicable◌not available in our data
FRD, 15-year financial record
Metric 202420232022202120202019201820172016201520142013201220112010
Revenue $B0.40.50.50.30.10.10.20.10.10.10.10.10.10.20.1
Operating income $B0.00.00.00.00.0−0.00.00.0−0.00.00.00.00.00.00.0
EBITDA $B0.00.00.00.00.0−0.00.00.0−0.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.0−0.00.00.0−0.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.0−0.00.00.0−0.00.00.00.00.00.00.0
Free cash flow $B−0.0−0.00.0−0.00.00.00.00.0−0.00.0−0.00.00.00.0−0.0
EPS, diluted $0.872.392.912.041.63−0.750.730.56−0.390.040.060.250.901.201.20
Dividend / sh $0.160.100.080.08◌◌◌◌◌◌◌◌◌◌◌
Payout %183345−16237−10931421031134262
ROE %4.714.321.919.417.3−7.57.26.1−4.30.50.62.79.713.313.9

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 60 reconciliationsAUDITED

Reconciled in 15 of the 15 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: EPS is not tagged before 2010. Three checks were skipped: revenue is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySteel Works, Blast Furnaces & Rolling & Finishing Mills
Listed onNASDAQ
Incorporated inTexas
Fiscal year endsMarch 31
SEC categorysmaller reporting company
Data on record since2010

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