Friday 6 November 2026 Export FRD’s income statement to Excel — free account

Friedman Industries Inc.

Friedman Industries Inc.’s revenue for fiscal 2026 (year ended March 2026) was $646.9 million, up 45.5% from fiscal 2025.

Revenue: +88.2%
EPS: +584.4%
Free cash flow: +403.3%
Total debt: 0.00%

Quarter to September 2026, against a year earlier

36.82 1.32 +3.72%

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Market cap: $256.1M
P/E: 6.4×
Fwd P/E: 5.0×
Dividend yield: 0.43%
F-score: 5/9
Altman Z: 3.71
Beneish M: −2.15
Dividend safety: 63/100

Overview

	Mar '17	Mar '18	Mar '19	Mar '20	Mar '21	Mar '22	Mar '23	Mar '24	Mar '25	Mar '26
Piotroski F-Score Full definition →	3	6	6	4	6	4	6	5	4	5
P/E ratio Full definition →	0.00	10.42	10.58	0.00	4.93	4.38	3.86	7.66	17.31	6.42
P/S ratio Full definition →	0.57	0.34	0.29	0.22	0.43	0.20	0.15	0.25	0.23	0.19
Altman Z-Score Full definition →	11.59	5.06	6.20	4.80	4.25	3.83	4.83	4.57	3.96	3.71
P/FCF ratio Full definition →	0.00	14.09	6.05	4.90	14.09	0.00	1.72	0.00	0.00	89.53
Altman Z″-Score (non-manufacturers) Full definition →	27.30	11.96	12.11	12.27	8.33	6.12	6.70	6.69	6.72	6.05
P/Operating CF Full definition →	(10.44)	6.99	5.52	(9.09)	15.11	6.12	4.13	33.18	(8.73)	(46.85)
Beneish M-Score Full definition →	—	(3.42)	(2.59)	(1.33)	(1.85)	(0.52)	(2.65)	(2.10)	(1.55)	(2.15)
P/B ratio Full definition →	0.73	0.59	0.74	0.46	0.83	0.73	0.71	1.03	0.78	0.81
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	63
Price to Tangible BV Full definition →	0.73	0.59	0.74	0.46	0.83	0.73	0.71	1.03	0.78	0.81
EV/Sales Full definition →	0.55	0.30	0.22	0.10	0.38	0.20	0.15	0.25	0.23	0.19
EV/EBITDA Full definition →	0.00	5.16	5.39	0.00	2.85	1.92	3.46	4.76	16.09	4.26
EV/Operating CF Full definition →	(210.82)	11.32	4.33	1.28	5.66	(4.29)	1.28	26.36	(23.18)	14.76
EV/FCF Full definition →	(42.65)	12.69	4.73	2.28	12.40	(2.70)	1.72	(161.42)	(14.96)	91.38
Quick Ratio Full definition →	4.41	1.95	2.01	2.98	0.98	0.63	1.16	0.93	1.34	1.09
Current Ratio Full definition →	19.28	6.10	6.02	6.76	2.67	2.06	3.19	3.14	4.34	3.38
Net Debt/EBITDA Full definition →	0.56	(0.57)	(1.51)	3.10	(0.39)	(0.08)	(0.07)	(0.10)	(0.58)	0.04
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.67%	1.78%	0.14%	0.61%	0.00%	0.00%	1.04%
Debt/Equity Full definition →	0.00	0.00	0.00	0.01	0.03	0.00	0.01	0.00	0.00	0.02
Asset Turnover Full definition →	1.19	1.67	2.22	1.73	1.46	2.24	3.05	2.40	1.95	2.30
Operating CF/Net income Full definition →	0.08	0.82	1.89	(2.14)	0.74	(0.99)	3.04	0.29	(0.73)	0.44
Capex/Depreciation Full definition →	(0.50)	(0.26)	(0.60)	(3.24)	(4.52)	(5.99)	(6.51)	(1.89)	(0.73)	(1.83)
Interest Coverage Full definition →	(71.35)	109.44	15.94	(284.34)	640.24	111.84	9.50	7.98	1.03	6.25
ROE Full definition →	(4.33%)	6.10%	7.23%	(7.53%)	17.28%	18.65%	21.54%	14.14%	4.67%	13.54%
ROA Full definition →	(4.12%)	5.43%	6.06%	(6.40%)	13.26%	10.64%	11.72%	8.00%	2.65%	6.82%
ROIC Full definition →	(4.47%)	5.56%	6.56%	(8.52%)	16.70%	23.06%	11.59%	12.30%	1.48%	10.51%
Return on Tangible Assets Full definition →	(4.60%)	5.59%	6.89%	(7.83%)	17.87%	14.29%	13.78%	9.94%	3.29%	7.55%
Average Days of Receivables Full definition →	41.96	52.60	25.71	30.07	58.98	45.65	32.91	33.46	38.98	45.53
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	5.17%	3.45%	2.56%	3.61%	6.21%	4.37%	4.00%	4.08%	3.64%	4.42%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	0.96	1.33	1.13	1.77	0.88	0.78	0.73	0.51	0.70	0.58
Graham Number Full definition →	0.00	11.09	12.94	0.00	18.96	23.33	32.53	30.89	19.21	36.75
Earnings Yield Full definition →	(6.05%)	9.59%	9.45%	(17.01%)	20.27%	22.81%	25.93%	13.06%	5.78%	15.58%
Free Cash Flow Yield Full definition →	(2.27%)	7.10%	16.52%	20.40%	7.10%	(36.50%)	57.97%	(0.62%)	(6.62%)	1.12%
Revenue per Share Full definition →	11.35	17.29	26.70	20.30	18.81	43.06	75.88	71.86	64.02	92.85
Operating CF per Share Full definition →	(0.03)	0.46	1.37	1.60	1.26	(2.02)	8.85	0.69	(0.64)	1.23
Capex per Share Full definition →	(0.12)	(0.05)	(0.12)	(0.71)	(0.68)	(1.19)	(2.28)	(0.81)	(0.35)	(1.03)
Free Cash Flow per Share Full definition →	(0.15)	0.41	1.26	0.90	0.57	(3.22)	6.57	(0.11)	(0.99)	0.20
Cash per Share Full definition →	0.21	0.58	1.66	2.44	1.22	0.39	0.41	0.40	0.53	0.35
Shareholders Equity per Share Full definition →	8.81	9.78	10.34	9.55	9.75	12.03	16.00	17.74	19.07	21.74
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	8.81	9.78	10.34	9.55	9.75	12.03	16.00	17.74	19.07	21.74
Free Cash Flow Full definition →	(1.00)	2.90	8.82	6.30	3.85	(21.30)	47.44	(0.81)	(6.84)	1.38
Working Capital Full definition →	43.08	56.24	62.09	55.57	48.46	64.55	98.57	115.96	128.14	180.89
Capital Expenditures Full definition →	(0.80)	(0.35)	(0.81)	(4.94)	(4.58)	(7.90)	(16.45)	(5.79)	(2.43)	(7.16)
Net Current Asset Value Full definition →	42.53	54.19	60.34	54.73	47.87	45.77	59.78	67.52	72.07	71.72
EV/EBIT Full definition →	0.00	6.37	6.52	0.00	3.03	2.02	3.87	5.35	33.65	4.91
Capex to Sales Full definition →	0.01	0.00	0.00	0.03	0.04	0.03	0.03	0.01	0.01	0.01
Price to Operating Income Full definition →	0.00	7.11	8.37	0.00	3.45	2.05	3.88	5.36	33.98	4.81
Other line items
Depreciation/Fixed assets Full definition →	0.11	0.10	0.11	0.13	0.07	0.04	0.05	0.05	0.06	0.05
Cash ROIC Full definition →	(1.62%)	3.99%	10.49%	7.46%	5.12%	(25.82%)	39.65%	(0.62%)	(5.03%)	0.88%
Accounts Receivable Turnover Full definition →	11.30	9.18	12.22	11.42	7.86	10.18	12.88	10.68	9.38	10.09
Accounts Payable Turnover Full definition →	34.80	18.18	15.98	13.59	8.50	8.14	12.30	11.58	10.67	11.49
Inventory Turnover Full definition →	2.03	2.77	3.69	3.29	2.86	4.70	6.51	4.63	3.68	4.12
Average Days of Payables Full definition →	9.38	33.59	24.25	23.40	54.06	66.95	26.79	34.25	30.51	41.64
Days of Inventory on Hand Full definition →	163.51	148.78	102.77	93.33	128.23	101.54	62.70	90.39	98.25	106.76
Average Receivables Full definition →	6.88	13.20	15.32	12.44	16.04	28.02	42.52	48.35	47.40	64.09
Average Payables Full definition →	2.24	6.12	10.91	10.26	12.06	29.99	40.83	40.37	39.60	51.24
Average Inventory Full definition →	38.43	40.12	47.20	42.37	35.84	51.98	77.10	101.03	114.75	142.96
Average Assets Full definition →	65.08	72.46	84.13	81.97	86.18	127.14	179.29	214.67	228.42	281.82
Average Common Equity Full definition →	61.80	64.47	70.53	69.67	66.10	72.51	97.56	121.45	129.95	141.96

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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