Symbols / FRD Stock $19.72 -3.90% Friedman Industries, Incorporated

Basic Materials • Steel • United States • NMS
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Stock Fundamentals
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Index EQUITY
Sector Basic Materials
Industry Steel
CEO Mr. Michael J. Taylor
Exch · Country NMS · United States
Market Cap 140.25M
Enterprise Value 234.38M
Income 15.48M
Sales 584.35M
FCF (ttm) -51.40M
Book/sh 20.00
Cash/sh 0.42
Employees 271
Insider 10d —
IPO Mar 17, 1980
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 7.21%
P/E 8.88
Forward P/E —
PEG —
P/S 0.24
P/B 0.99
P/C —
EV/EBITDA 10.10
EV/Sales 0.40
Quick Ratio 0.91
Current Ratio 3.59
Debt/Eq 68.30
LT Debt/Eq —
EPS (ttm) 2.22
EPS next Y —
EPS Growth —
Revenue Growth 78.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-02-09
Earnings (prior) 2026-02-09
ROA 4.69%
ROE 11.62%
ROIC —
Gross Margin 12.59%
Oper. Margin 2.32%
Profit Margin 2.68%
Shs Outstand 7.11M
Shs Float 6.66M
Insider Own 6.28%
Instit Own 53.70%
Short Float 2.75%
Short Ratio 6.34
Short Interest 185.01K
52W High 24.37
vs 52W High -19.08%
52W Low 14.00
vs 52W Low 40.86%
Beta 1.57
Impl. Vol. —
Rel Volume 0.58
Avg Volume 28.08K
Volume 16.38K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $20.52
Price $19.72
Change -3.90%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$19.72
Latest analyst target
3. DCF / Fair value
$-130.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$19.72
Low
—
High
—
Mean
—
News
RSS: Latest FRD news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-18 CHHIBBAR GAURAV Chief Operating Officer — 400 $16.94 $6,776
2026-03-09 TAYLOR MICHAEL J Chief Executive Officer — 500 $18.00 $9,000
2026-03-03 TAYLOR MICHAEL J Chief Executive Officer — 400 $18.00 $7,200
2026-02-23 TAYLOR MICHAEL J Chief Executive Officer — 100 $18.00 $1,800
2026-02-23 TAYLOR MICHAEL J Chief Executive Officer — 100 $18.00 $1,800
2026-02-19 CHHIBBAR GAURAV Chief Operating Officer — 1,000 $18.35 $18,350
2026-02-18 TAYLOR MICHAEL J Chief Executive Officer — 600 $18.75 $11,250
2025-12-02 TAYLOR MICHAEL J Chief Executive Officer — 500 $18.74 $9,370
2025-12-01 SCOTT SANDRA KAY Director — 1,000 $20.05 $20,160
2025-11-24 TAYLOR MICHAEL J Chief Executive Officer — 2,000 $19.28 $38,750
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
444.60
-13.88%
516.25
-5.71%
547.54
+91.96%
285.24
Operating Revenue
444.60
-13.88%
516.25
-5.71%
547.54
+91.96%
285.24
Cost Of Revenue
399.12
-10.07%
443.83
-7.06%
477.56
+95.52%
244.25
Reconciled Cost Of Revenue
399.12
-10.07%
443.83
-7.06%
477.56
+95.52%
244.25
Gross Profit
45.48
-37.20%
72.42
+3.49%
69.98
+70.73%
40.99
Operating Expense
42.69
-10.88%
47.90
-2.05%
48.90
+292.26%
12.47
Selling General And Administration
16.17
-23.14%
21.04
-54.63%
46.38
+272.00%
12.47
Selling And Marketing Expense
—
23.79
-2.83%
24.48
—
General And Administrative Expense
—
21.04
-3.91%
21.89
—
Other Gand A
—
21.04
-3.91%
21.89
—
Other Operating Expenses
23.23
-2.37%
23.79
—
—
Total Expenses
441.81
-10.15%
491.73
-6.60%
526.47
+105.08%
256.71
Operating Income
2.79
-88.64%
24.52
+16.34%
21.07
-26.11%
28.52
Total Operating Income As Reported
3.04
-87.59%
24.52
+16.34%
21.07
-26.11%
28.52
EBITDA
13.94
-52.69%
29.46
-10.56%
32.93
+65.44%
19.91
Normalized EBITDA
6.08
-77.97%
27.61
+16.85%
23.63
-25.09%
31.54
Reconciled Depreciation
3.29
+7.20%
3.07
+21.54%
2.53
+91.36%
1.32
EBIT
10.65
-59.65%
26.39
-13.22%
30.41
+63.60%
18.59
Total Unusual Items
7.86
+325.11%
1.85
-80.14%
9.31
+179.98%
-11.64
Total Unusual Items Excluding Goodwill
7.86
+325.11%
1.85
-80.14%
9.31
+179.98%
-11.64
Special Income Charges
0.26
0.00
—
—
Net Income
6.08
-64.92%
17.34
-18.74%
21.34
+51.74%
14.07
Pretax Income
7.69
-67.00%
23.31
-17.29%
28.19
+53.78%
18.33
Net Non Operating Interest Income Expense
-2.95
+3.87%
-3.07
-38.50%
-2.22
-769.80%
-0.26
Interest Expense Non Operating
2.95
-3.87%
3.07
+38.50%
2.22
+769.80%
0.26
Net Interest Income
-2.95
+3.87%
-3.07
-38.50%
-2.22
-769.80%
-0.26
Interest Expense
2.95
-3.87%
3.07
+38.50%
2.22
+769.80%
0.26
Other Income Expense
7.86
+320.82%
1.87
-79.98%
9.33
+193.95%
-9.93
Other Non Operating Income Expenses
0.01
-75.00%
0.02
-25.93%
0.03
-98.41%
1.70
Gain On Sale Of Security
7.60
+311.15%
1.85
-80.14%
9.31
+179.98%
-11.64
Tax Provision
1.61
-73.06%
5.97
-12.80%
6.84
+60.49%
4.26
Tax Rate For Calcs
0.00
-18.36%
0.00
+5.79%
0.00
+3.86%
0.00
Tax Effect Of Unusual Items
1.64
+247.06%
0.47
-78.99%
2.25
+183.07%
-2.71
Net Income Including Noncontrolling Interests
6.08
-64.92%
17.34
-18.74%
21.34
+51.74%
14.07
Net Income From Continuing Operation Net Minority Interest
6.08
-64.92%
17.34
-18.74%
21.34
+51.74%
14.07
Net Income From Continuing And Discontinued Operation
6.08
-64.92%
17.34
-18.74%
21.34
+51.74%
14.07
Net Income Continuous Operations
6.08
-64.92%
17.34
-18.74%
21.34
+51.74%
14.07
Normalized Income
-0.13
-100.81%
15.97
+11.76%
14.29
-37.84%
22.99
Net Income Common Stockholders
6.08
-64.92%
17.34
-18.74%
21.34
+51.74%
14.07
Diluted EPS
0.87
-63.60%
2.39
-17.87%
2.91
+42.65%
2.04
Basic EPS
0.87
-63.60%
2.39
-17.87%
2.91
+42.65%
2.04
Basic Average Shares
6.99
-3.62%
7.26
-1.06%
7.33
+10.73%
6.62
Diluted Average Shares
6.99
-3.62%
7.26
-1.06%
7.33
+10.73%
6.62
Diluted NI Availto Com Stockholders
6.08
-64.92%
17.34
-18.74%
21.34
+51.74%
14.07
Depreciation Amortization Depletion Income Statement
3.29
+7.20%
3.07
+21.54%
2.53
—
Depreciation And Amortization In Income Statement
3.29
+7.20%
3.07
+21.54%
2.53
—
Gain On Sale Of PPE
0.26
0.00
—
—
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Assets
226.82
-1.39%
230.02
+15.41%
199.31
+25.14%
159.28
Current Assets
166.47
-2.12%
170.06
+18.38%
143.66
+14.59%
125.36
Cash Cash Equivalents And Short Term Investments
3.69
+27.50%
2.89
-3.38%
2.99
+15.17%
2.60
Cash And Cash Equivalents
3.69
+27.50%
2.89
-3.38%
2.99
+15.17%
2.60
Cash Financial
3.69
+27.50%
2.89
-3.38%
2.99
+15.17%
2.60
Receivables
47.48
+0.31%
47.33
-4.13%
49.37
+38.40%
35.67
Accounts Receivable
47.48
+0.31%
47.33
-4.13%
49.37
+38.40%
35.67
Gross Accounts Receivable
47.62
+0.42%
47.43
-4.29%
49.55
+38.52%
35.77
Allowance For Doubtful Accounts Receivable
-0.15
-51.55%
-0.10
+46.99%
-0.18
-83.00%
-0.10
Inventory
113.69
-1.83%
115.80
+34.27%
86.25
+26.93%
67.95
Raw Materials
92.92
+3.63%
89.67
+31.27%
68.31
+12.73%
60.59
Finished Goods
20.77
-20.53%
26.14
+45.69%
17.94
+144.05%
7.35
Hedging Assets Current
0.64
+759.46%
0.07
-86.19%
0.54
-87.36%
4.24
Other Current Assets
0.98
-75.29%
3.97
-12.16%
4.51
-69.71%
14.91
Total Non Current Assets
60.35
+0.67%
59.95
+7.72%
55.66
+64.11%
33.91
Net PPE
59.09
-0.85%
59.60
+7.96%
55.20
+82.68%
30.22
Gross PPE
92.91
+2.11%
91.00
+8.77%
83.66
+48.80%
56.22
Accumulated Depreciation
-33.82
-7.72%
-31.40
-10.34%
-28.45
-9.43%
-26.00
Land And Improvements
1.57
-5.87%
1.67
+0.00%
1.67
+41.53%
1.18
Buildings And Improvements
30.39
-1.64%
30.90
+8.23%
28.55
+232.67%
8.58
Machinery Furniture Equipment
57.97
+8.14%
53.61
+5.11%
51.00
+67.65%
30.42
Construction In Progress
0.14
-93.17%
1.98
+69.41%
1.17
-92.67%
15.93
Other Properties
2.84
+0.00%
2.84
+123.70%
1.27
+1023.89%
0.11
Non Current Accounts Receivable
—
—
—
1.40
Non Current Deferred Assets
—
—
0.00
-100.00%
2.13
Non Current Deferred Taxes Assets
—
—
0.00
-100.00%
2.13
Other Non Current Assets
1.26
+254.78%
0.36
-21.41%
0.45
+188.54%
0.16
Total Liabilities Net Minority Interest
94.40
-7.94%
102.54
+22.25%
83.88
+5.39%
79.59
Current Liabilities
38.32
-29.17%
54.11
+20.00%
45.09
-25.86%
60.81
Payables And Accrued Expenses
36.23
-21.88%
46.38
+22.79%
37.77
-15.96%
44.94
Payables
36.23
-21.88%
46.38
+22.79%
37.77
-15.96%
44.94
Accounts Payable
35.30
-19.56%
43.89
+19.10%
36.85
-17.76%
44.80
Dividends Payable
0.28
+0.00%
0.28
+88.51%
0.15
+8.03%
0.14
Employee Benefits
0.12
+9.52%
0.10
+9.38%
0.10
-19.33%
0.12
Pensionand Other Post Retirement Benefit Plans Current
1.81
-69.83%
5.99
+19.78%
5.00
+274.25%
1.34
Total Tax Payable
0.65
-70.76%
2.21
+185.92%
0.77
0.00
Income Tax Payable
0.65
-70.76%
2.21
+185.92%
0.77
0.00
Current Debt And Capital Lease Obligation
—
0.05
-49.53%
0.11
+1.90%
0.10
Current Capital Lease Obligation
0.00
-100.00%
0.05
-49.53%
0.11
+1.90%
0.10
Other Current Liabilities
0.29
-82.98%
1.69
-23.78%
2.21
-84.67%
14.43
Total Non Current Liabilities Net Minority Interest
56.07
+15.76%
48.44
+24.86%
38.79
+106.59%
18.78
Long Term Debt And Capital Lease Obligation
50.48
+17.19%
43.08
+25.44%
34.34
+86.26%
18.44
Long Term Debt
47.73
+18.45%
40.29
+21.67%
33.12
+79.63%
18.44
Long Term Capital Lease Obligation
2.75
-1.08%
2.78
+127.66%
1.22
—
Non Current Pension And Other Postretirement Benefit Plans
0.12
+9.52%
0.10
+9.38%
0.10
-19.33%
0.12
Non Current Deferred Liabilities
5.48
+4.20%
5.26
+20.66%
4.36
0.00
Non Current Deferred Taxes Liabilities
5.48
+4.20%
5.26
+20.66%
4.36
0.00
Other Non Current Liabilities
—
—
1.22
+450.45%
0.22
Stockholders Equity
132.43
+3.88%
127.47
+10.43%
115.43
+44.86%
79.69
Common Stock Equity
132.43
+3.88%
127.47
+10.43%
115.43
+44.86%
79.69
Capital Stock
8.88
+0.05%
8.87
+0.05%
8.87
+6.28%
8.35
Common Stock
8.88
+0.05%
8.87
+0.05%
8.87
+6.28%
8.35
Share Issued
8.88
+0.05%
8.87
+0.05%
8.87
+6.28%
8.34
Ordinary Shares Number
6.97
-0.08%
6.98
-5.41%
7.38
+7.58%
6.86
Treasury Shares Number
1.91
+0.52%
1.90
+27.04%
1.49
+0.28%
1.49
Additional Paid In Capital
35.39
+0.42%
35.25
+0.69%
35.01
+14.99%
30.44
Retained Earnings
101.25
+5.16%
96.28
+20.88%
79.65
+35.21%
58.91
Gains Losses Not Affecting Retained Earnings
—
0.00
+100.00%
-0.32
+96.91%
-10.27
Treasury Stock
13.10
+1.32%
12.93
+66.23%
7.78
+0.48%
7.74
Other Equity Adjustments
—
—
-0.32
+96.91%
-10.27
Total Equity Gross Minority Interest
132.43
+3.88%
127.47
+10.43%
115.43
+44.86%
79.69
Total Capitalization
180.15
+7.38%
167.77
+12.94%
148.55
+51.39%
98.12
Working Capital
128.14
+10.51%
115.96
+17.64%
98.57
+52.70%
64.55
Invested Capital
180.15
+7.38%
167.77
+12.94%
148.55
+51.39%
98.12
Total Debt
50.48
+17.04%
43.13
+25.21%
34.45
+85.78%
18.54
Net Debt
44.04
+17.75%
37.40
+24.16%
30.12
+90.21%
15.84
Capital Lease Obligations
2.75
-2.96%
2.84
+113.39%
1.33
+1165.71%
0.10
Net Tangible Assets
132.43
+3.88%
127.47
+10.43%
115.43
+44.86%
79.69
Tangible Book Value
132.43
+3.88%
127.47
+10.43%
115.43
+44.86%
79.69
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
-4.41
-188.57%
4.98
-92.21%
63.89
+576.93%
-13.40
Cash Flow From Continuing Operating Activities
-4.41
-188.57%
4.98
-92.21%
63.89
+576.93%
-13.40
Net Income From Continuing Operations
6.08
-64.92%
17.34
-18.74%
21.34
+51.74%
14.07
Depreciation Amortization Depletion
3.29
+7.20%
3.07
+21.54%
2.53
+91.36%
1.32
Depreciation
3.29
+7.20%
3.07
+21.54%
2.53
+91.36%
1.32
Depreciation And Amortization
3.29
+7.20%
3.07
+21.54%
2.53
+91.36%
1.32
Other Non Cash Items
0.03
-26.83%
0.04
—
-1.71
Pension And Employee Benefit Expense
0.01
+11.11%
0.01
+12.50%
0.01
-27.27%
0.01
Stock Based Compensation
0.15
-38.62%
0.25
-18.81%
0.30
-32.52%
0.45
Deferred Tax
0.22
-72.17%
0.79
-76.13%
3.33
+692.87%
-0.56
Deferred Income Tax
0.22
-72.17%
0.79
-76.13%
3.33
+692.87%
-0.56
Operating Gains Losses
-2.21
-708.54%
0.36
-93.07%
5.24
+506.48%
0.86
Gain Loss On Investment Securities
-1.96
-653.95%
0.35
-93.23%
5.23
+104.38%
2.56
Gain Loss On Sale Of PPE
-0.26
0.00
—
—
Change In Working Capital
-11.98
+29.03%
-16.88
-154.18%
31.16
+205.49%
-29.54
Change In Receivables
-0.15
-107.21%
2.04
+116.58%
-12.29
+26.38%
-16.70
Changes In Account Receivables
-0.15
-107.21%
2.04
+114.88%
-13.70
+10.44%
-15.29
Change In Inventory
2.12
+107.16%
-29.56
-149.89%
59.25
+285.55%
-31.93
Change In Payables And Accrued Expense
-10.21
-220.39%
8.48
+146.84%
-18.10
-187.98%
20.57
Change In Payable
-10.21
-220.39%
8.48
+146.84%
-18.10
-187.98%
20.57
Change In Account Payable
-8.64
-222.76%
7.04
+137.29%
-18.88
-185.69%
22.03
Change In Other Working Capital
-4.18
-522.85%
0.99
-73.01%
3.66
+369.81%
-1.36
Change In Other Current Assets
0.44
-62.32%
1.17
+186.06%
-1.36
-1008.13%
-0.12
Investing Cash Flow
-3.43
+40.84%
-5.80
+93.42%
-88.19
-1013.75%
-7.92
Cash Flow From Continuing Investing Activities
-3.43
+40.84%
-5.80
+93.42%
-88.19
-1013.75%
-7.92
Net PPE Purchase And Sale
-5.00
+13.64%
-5.79
+64.80%
-16.45
-104.02%
-8.06
Purchase Of PPE
-5.00
+13.64%
-5.79
+64.80%
-16.45
-104.02%
-8.06
Capital Expenditure
-5.00
+13.64%
-5.79
+64.80%
-16.45
-104.02%
-8.06
Net Business Purchase And Sale
—
0.00
+100.00%
-71.72
0.00
Purchase Of Business
—
0.00
+100.00%
-71.72
0.00
Net Other Investing Changes
1.57
+12161.54%
-0.01
+0.00%
-0.01
-108.84%
0.15
Financing Cash Flow
6.09
+355.87%
1.34
-90.14%
13.56
-21.39%
17.25
Cash Flow From Continuing Financing Activities
6.09
+355.87%
1.34
-90.14%
13.56
-21.39%
17.25
Net Issuance Payments Of Debt
7.38
+4.41%
7.07
-51.50%
14.58
-20.50%
18.33
Issuance Of Debt
649.49
-21.88%
831.44
+12.21%
740.94
+3918.79%
18.44
Repayment Of Debt
-642.11
+22.11%
-824.37
-13.49%
-726.37
-705111.65%
-0.10
Long Term Debt Issuance
649.49
-21.88%
831.44
+12.21%
740.94
+3918.79%
18.44
Long Term Debt Payments
-642.11
+22.11%
-824.37
-13.49%
-726.37
-705111.65%
-0.10
Net Long Term Debt Issuance
7.38
+4.41%
7.07
-51.50%
14.58
-20.50%
18.33
Net Common Stock Issuance
-0.17
+96.68%
-5.15
-13821.62%
-0.04
+93.12%
-0.54
Common Stock Payments
-0.17
+96.68%
-5.15
-13821.62%
-0.04
+93.12%
-0.54
Common Stock Dividend Paid
-1.11
-91.91%
-0.58
+1.36%
-0.59
-6.90%
-0.55
Cash Dividends Paid
-1.11
-91.91%
-0.58
+1.36%
-0.59
-6.90%
-0.55
Repurchase Of Capital Stock
-0.17
+96.68%
-5.15
-13821.62%
-0.04
+93.12%
-0.54
Net Other Financing Charges
—
—
-0.39
—
Changes In Cash
-1.75
-442.27%
0.51
+104.76%
-10.74
-163.78%
-4.07
Beginning Cash Position
5.90
+9.49%
5.39
-66.59%
16.12
-20.16%
20.19
End Cash Position
4.15
-29.66%
5.90
+9.49%
5.39
-66.59%
16.12
Free Cash Flow
-9.41
-1057.69%
-0.81
-101.71%
47.44
+321.04%
-21.46
Interest Paid Supplemental Data
—
3.00
+50.00%
2.00
—
Income Tax Paid Supplemental Data
—
3.90
+875.00%
0.40
—
Change In Income Tax Payable
-1.57
-208.83%
1.44
+85.92%
0.77
+153.20%
-1.46
Change In Tax Payable
-1.57
-208.83%
1.44
+85.92%
0.77
+153.20%
-1.46
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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