InsiderClue
Stocks · Materials · Steel Works, Blast Furnaces & Rolling & Finishing Mills

FRIEDMAN INDUSTRIES INC

FRD Clue Score51
United States Fiscal year ends March CIK 0000039092
$41.98 +0.31% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $41.98 +252.18% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue77.8Operating income−4.2Net income−2.7EPS, diluted−0.39Fiscal year 2018Revenue121.2 +55.8%Operating income5.7Net income3.9EPS, diluted0.56Fiscal year 2019Revenue187.2 +54.5%Operating income6.4Net income5.1 +29.6%EPS, diluted0.73 +30.4%Fiscal year 2020Revenue142.1 −24.1%Operating income−6.9Net income−5.2 −202.9%EPS, diluted−0.75 −202.7%Fiscal year 2021Revenue126.1 −11.3%Operating income15.7Net income11.4EPS, diluted1.63Fiscal year 2022Revenue285.2 +126.2%Operating income28.5Net income14.1 +23.1%EPS, diluted2.04 +25.2%Fiscal year 2023Revenue547.5 +92.0%Operating income21.1Net income21.3 +51.7%EPS, diluted2.91 +42.6%Fiscal year 2024Revenue516.3 −5.7%Operating income24.5Net income17.3 −18.7%EPS, diluted2.39 −17.9%Fiscal year 2025Revenue444.6 −13.9%Operating income3.0Net income6.1 −64.9%EPS, diluted0.87 −63.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 77.8 121.2 187.2 142.1 126.1 285.2 547.5 516.3 444.6
Growth +55.8% +54.5% −24.1% −11.3% +126.2% +92.0% −5.7% −13.9%
Operating income −4.2 5.7 6.4 −6.9 15.7 28.5 21.1 24.5 3.0
Net income −2.7 3.9 5.1 −5.2 11.4 14.1 21.3 17.3 6.1
Growth +29.6% −202.9% +23.1% +51.7% −18.7% −64.9%
EPS, diluted −0.39 0.56 0.73 −0.75 1.63 2.04 2.91 2.39 0.87
Growth +30.4% −202.7% +25.2% +42.6% −17.9% −63.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin−5.4%Net margin−3.4%Free cash flow margin−1.3%Fiscal year 2018Operating margin4.7%Net margin3.2%Free cash flow margin2.4%Fiscal year 2019Operating margin3.4%Net margin2.7%Free cash flow margin4.7%Fiscal year 2020Operating margin−4.8%Net margin−3.7%Free cash flow margin4.4%Fiscal year 2021Operating margin12.5%Net margin9.1%Free cash flow margin3.0%Fiscal year 2022Operating margin10.0%Net margin4.9%Free cash flow margin−7.5%Fiscal year 2023Operating margin3.8%Net margin3.9%Free cash flow margin8.7%Fiscal year 2024Operating margin4.7%Net margin3.4%Free cash flow margin−0.2%Fiscal year 2025Operating margin0.7%Net margin1.4%Free cash flow margin−1.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −5.4% 4.7% 3.4% −4.8% 12.5% 10.0% 3.8% 4.7% 0.7%
Net margin −3.4% 3.2% 2.7% −3.7% 9.1% 4.9% 3.9% 3.4% 1.4%
Free cash flow margin −1.3% 2.4% 4.7% 4.4% 3.0% −7.5% 8.7% −0.2% −1.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−0.2Capital expenditure−0.8Free cash flow−1.0Dividends paid−0.3Fiscal year 2018Operating cash flow3.2Capital expenditure−0.3Free cash flow2.9Dividends paid−0.3Fiscal year 2019Operating cash flow9.6Capital expenditure−0.8Free cash flow8.8 +204.7%Dividends paid−1.2Fiscal year 2020Operating cash flow11.2Capital expenditure−4.9Free cash flow6.3 −28.6%Dividends paid−0.8Fiscal year 2021Operating cash flow8.4Capital expenditure−4.6Free cash flow3.8 −39.4%Buybacks−1.7Dividends paid−0.6Fiscal year 2022Operating cash flow−13.4Capital expenditure−8.1Free cash flow−21.5 −662.2%Buybacks−0.5Dividends paid−0.6Fiscal year 2023Operating cash flow63.9Capital expenditure−16.5Free cash flow47.4Buybacks−0.0Dividends paid−0.6Fiscal year 2024Operating cash flow5.0Capital expenditure−5.8Free cash flow−0.8 −101.7%Buybacks−5.2Dividends paid−0.6Fiscal year 2025Operating cash flow−4.4Capital expenditure−4.0Free cash flow−8.4Buybacks−0.2Dividends paid−1.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.2 3.2 9.6 11.2 8.4 −13.4 63.9 5.0 −4.4
Capital expenditure −0.8 −0.3 −0.8 −4.9 −4.6 −8.1 −16.5 −5.8 −4.0
Free cash flow −1.0 2.9 8.8 6.3 3.8 −21.5 47.4 −0.8 −8.4
Growth +204.7% −28.6% −39.4% −662.2% −101.7%
Buybacks n/a n/a n/a n/a −1.7 −0.5 −0.0 −5.2 −0.2
Dividends paid −0.3 −0.3 −1.2 −0.8 −0.6 −0.6 −0.6 −0.6 −1.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash1.5Shareholders’ equity60.4Fiscal year 2018Cash4.1Shareholders’ equity68.6Fiscal year 2019Cash11.7Shareholders’ equity72.5Fiscal year 2020Cash17.1Shareholders’ equity66.9Fiscal year 2021Cash8.2Shareholders’ equity65.3Fiscal year 2022Cash2.6Shareholders’ equity79.7Fiscal year 2023Cash3.0Shareholders’ equity115.4Fiscal year 2024Cash2.9Shareholders’ equity127.5Fiscal year 2025Cash3.7Shareholders’ equity132.4
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.5 4.1 11.7 17.1 8.2 2.6 3.0 2.9 3.7
Shareholders’ equity 60.4 68.6 72.5 66.9 65.3 79.7 115.4 127.5 132.4

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025
Revenue and profit
77.8 121.2 187.2 142.1 126.1 285.2 547.5 516.3 444.6
Growth +55.8% +54.5% −24.1% −11.3% +126.2% +92.0% −5.7% −13.9%
77.9 111.2 174.2 139.5 102.5 244.2 504.5 491.7 441.8
4.0 4.2 4.8 5.1 7.8 12.5 21.9 21.0 16.2
−4.2 5.7 6.4 −6.9 15.7 28.5 21.1 24.5 3.0
Growth +11.2% −207.4% +81.4% −26.1% +16.3% −87.6%
−4.2 5.8 6.8 −6.8 15.2 18.3 28.2 23.3 7.7
−1.5 1.8 1.7 −1.6 3.8 4.3 6.8 6.0 1.6
−2.7 3.9 5.1 −5.2 11.4 14.1 21.3 17.3 6.1
Growth +29.6% −202.9% +23.1% +51.7% −18.7% −64.9%
Per share
−0.39 0.56 0.73 −0.75 1.63 2.04 2.91 2.39 0.87
−0.39 0.56 0.73 −0.75 1.63 2.04 2.91 2.39 0.87
Growth +30.4% −202.7% +25.2% +42.6% −17.9% −63.6%
6.9 7.0 7.0 7.0 6.7 6.6 n/a n/a n/a
6.9 7.0 7.0 7.0 6.7 6.6 7.2 7.2 6.9
Growth +2.3% +0.0% −0.1% −4.2% −1.2% +8.9% −0.4% −3.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 25.6% a year over five years.
  • The share count barely moved in five years.
  • Operating margin is up 5.5 points on five years ago, at 0.7%.
  • A net loss in 2 of 9 years on file.