Friedman Industries Inc (FRD) financials
Friedman Industries revenue and earnings by year
Friedman Industries's revenue was $647 million in the fiscal year to March 31, 2026, up 45.5% from the year before. Net income was $19.5 million, 3.0% of revenue. Since the fiscal year to March 31, 2017, revenue has grown 26.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 647 | 445 | 516 | 548 | 285 | 126 | 142 | 187 | 121 | 78 |
| Revenue growth | 45.5% | -13.9% | -5.7% | 92.0% | 126.2% | -11.3% | -24.1% | 54.5% | 55.8% | — |
| Gross profit | 58 | 22 | 49 | 45 | 41 | 24 | 3 | 13 | 10 | -0 |
| Gross margin | 9.0% | 5.0% | 9.4% | 8.3% | 14.4% | 18.7% | 1.8% | 6.9% | 8.2% | -0.2% |
| Operating income | 26 | 3 | 25 | 21 | 29 | 16 | -7 | 6 | 6 | -4 |
| Operating margin | 4.0% | 0.7% | 4.7% | 3.8% | 10.0% | 12.5% | -4.8% | 3.4% | 4.8% | -5.4% |
| Net income | 20 | 6 | 17 | 21 | 14 | 11 | -5 | 5 | 4 | -3 |
| Net margin | 3.0% | 1.4% | 3.4% | 3.9% | 4.9% | 9.1% | -3.7% | 2.7% | 3.2% | -3.4% |
| Diluted EPS | $2.76 | $0.87 | $2.39 | $2.91 | $2.04 | $1.63 | -$0.75 | $0.72 | $0.55 | -$0.39 |
| Free cash flow | 1 | -8 | -1 | 47 | -21 | 4 | 6 | 9 | 3 | -1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open FRD in Markets.
How Friedman Industries makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Flatroll | $222M | 92.4% |
| Tubular | $18.2M | 7.6% |
See also: FRD valuation and P/E history · FRD returns
No forecast, no recommendation. This page describes Friedman Industries Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.