Saturday 17 October 2026
Export FRD’s income statement to Excel — free account
Friedman Industries Inc.
FRD Basic Materials Steel
Friedman Industries Inc.’s revenue for fiscal 2026 (year ended March 2026) was $646.9 million, up 45.5% from fiscal 2025. In the quarter to June 2026, revenue grew 78.1%, EPS grew 152.1% and free cash flow fell 62.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
40.48
0.78
−1.89%
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| Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 | Mar '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 4 | 5 | 6 | 4 | 6 | 4 | 6 | 6 | 3 |
P/E ratio |
6.42 | 17.31 | 7.66 | 3.86 | 4.38 | 4.93 | 0.00 | 10.58 | 10.42 | 0.00 |
P/S ratio |
0.19 | 0.23 | 0.25 | 0.15 | 0.20 | 0.43 | 0.22 | 0.29 | 0.34 | 0.57 |
Altman Z-Score |
3.71 | 3.96 | 4.57 | 4.83 | 3.83 | 4.25 | 4.80 | 6.20 | 5.06 | 11.59 |
P/FCF ratio |
89.53 | 0.00 | 0.00 | 1.72 | 0.00 | 14.09 | 4.90 | 6.05 | 14.09 | 0.00 |
Altman Z″-Score (non-manufacturers) |
6.05 | 6.72 | 6.69 | 6.70 | 6.12 | 8.33 | 12.27 | 12.11 | 11.96 | 27.30 |
P/Operating CF |
(46.85) | (8.73) | 33.18 | 4.13 | 6.12 | 15.11 | (9.09) | 5.52 | 6.99 | (10.44) |
Beneish M-Score |
(2.15) | (1.55) | (2.10) | (2.65) | (0.52) | (1.85) | (1.33) | (2.59) | (3.42) | — |
P/B ratio |
0.81 | 0.78 | 1.03 | 0.71 | 0.73 | 0.83 | 0.46 | 0.74 | 0.59 | 0.73 |
Dividend Safety Score |
63 | — | — | — | — | — | — | — | — | — |
Price to Tangible BV |
0.81 | 0.78 | 1.03 | 0.71 | 0.73 | 0.83 | 0.46 | 0.74 | 0.59 | 0.73 |
EV/Sales |
0.19 | 0.23 | 0.25 | 0.15 | 0.20 | 0.38 | 0.10 | 0.22 | 0.30 | 0.55 |
EV/EBITDA |
4.26 | 16.09 | 4.76 | 3.46 | 1.92 | 2.85 | 0.00 | 5.39 | 5.16 | 0.00 |
EV/Operating CF |
14.76 | (23.18) | 26.36 | 1.28 | (4.29) | 5.66 | 1.28 | 4.33 | 11.32 | (210.82) |
EV/FCF |
91.38 | (14.96) | (161.42) | 1.72 | (2.70) | 12.40 | 2.28 | 4.73 | 12.69 | (42.65) |
Quick Ratio |
1.09 | 1.34 | 0.93 | 1.16 | 0.63 | 0.98 | 2.98 | 2.01 | 1.95 | 4.41 |
Current Ratio |
3.38 | 4.34 | 3.14 | 3.19 | 2.06 | 2.67 | 6.76 | 6.02 | 6.10 | 19.28 |
Net Debt/EBITDA |
0.04 | (0.58) | (0.10) | (0.07) | (0.08) | (0.39) | 3.10 | (1.51) | (0.57) | 0.56 |
Debt/Assets |
1.04% | 0.00% | 0.00% | 0.61% | 0.14% | 1.78% | 0.67% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.02 | 0.00 | 0.00 | 0.01 | 0.00 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
2.30 | 1.95 | 2.40 | 3.05 | 2.24 | 1.46 | 1.73 | 2.22 | 1.67 | 1.19 |
Operating CF/Net income |
0.44 | (0.73) | 0.29 | 3.04 | (0.99) | 0.74 | (2.14) | 1.89 | 0.82 | 0.08 |
Capex/Depreciation |
(1.83) | (0.73) | (1.89) | (6.51) | (5.99) | (4.52) | (3.24) | (0.60) | (0.26) | (0.50) |
Interest Coverage |
6.25 | 1.03 | 7.98 | 9.50 | 111.84 | 640.24 | (284.34) | 15.94 | 109.44 | (71.35) |
| 13.54% | 4.67% | 14.14% | 21.54% | 18.65% | 17.28% | (7.53%) | 7.23% | 6.10% | (4.33%) | |
| 6.82% | 2.65% | 8.00% | 11.72% | 10.64% | 13.26% | (6.40%) | 6.06% | 5.43% | (4.12%) | |
ROIC |
10.51% | 1.48% | 12.30% | 11.59% | 23.06% | 16.70% | (8.52%) | 6.56% | 5.56% | (4.47%) |
Return on Tangible Assets |
7.55% | 3.29% | 9.94% | 13.78% | 14.29% | 17.87% | (7.83%) | 6.89% | 5.59% | (4.60%) |
Average Days of Receivables |
45.53 | 38.98 | 33.46 | 32.91 | 45.65 | 58.98 | 30.07 | 25.71 | 52.60 | 41.96 |
Research and Development Expense of Revenue |
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 |
4.42% | 3.64% | 4.08% | 4.00% | 4.37% | 6.21% | 3.61% | 2.56% | 3.45% | 5.17% |
Intangible Assets out of Total Assets |
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 |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
0.58 | 0.70 | 0.51 | 0.73 | 0.78 | 0.88 | 1.77 | 1.13 | 1.33 | 0.96 |
Graham Number |
36.75 | 19.21 | 30.89 | 32.53 | 23.33 | 18.96 | 0.00 | 12.94 | 11.09 | 0.00 |
Earnings Yield |
15.58% | 5.78% | 13.06% | 25.93% | 22.81% | 20.27% | (17.01%) | 9.45% | 9.59% | (6.05%) |
Free Cash Flow Yield |
1.12% | (6.62%) | (0.62%) | 57.97% | (36.50%) | 7.10% | 20.40% | 16.52% | 7.10% | (2.27%) |
Revenue per Share |
92.85 | 64.02 | 71.86 | 75.88 | 43.06 | 18.81 | 20.30 | 26.70 | 17.29 | 11.35 |
Operating CF per Share |
1.23 | (0.64) | 0.69 | 8.85 | (2.02) | 1.26 | 1.60 | 1.37 | 0.46 | (0.03) |
Capex per Share |
(1.03) | (0.35) | (0.81) | (2.28) | (1.19) | (0.68) | (0.71) | (0.12) | (0.05) | (0.12) |
Free Cash Flow per Share |
0.20 | (0.99) | (0.11) | 6.57 | (3.22) | 0.57 | 0.90 | 1.26 | 0.41 | (0.15) |
Cash per Share |
0.35 | 0.53 | 0.40 | 0.41 | 0.39 | 1.22 | 2.44 | 1.66 | 0.58 | 0.21 |
Shareholders Equity per Share |
21.74 | 19.07 | 17.74 | 16.00 | 12.03 | 9.75 | 9.55 | 10.34 | 9.78 | 8.81 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
21.74 | 19.07 | 17.74 | 16.00 | 12.03 | 9.75 | 9.55 | 10.34 | 9.78 | 8.81 |
Free Cash Flow |
1.38 | (6.84) | (0.81) | 47.44 | (21.30) | 3.85 | 6.30 | 8.82 | 2.90 | (1.00) |
Working Capital |
180.89 | 128.14 | 115.96 | 98.57 | 64.55 | 48.46 | 55.57 | 62.09 | 56.24 | 43.08 |
Capital Expenditures |
(7.16) | (2.43) | (5.79) | (16.45) | (7.90) | (4.58) | (4.94) | (0.81) | (0.35) | (0.80) |
Net Current Asset Value |
71.72 | 72.07 | 67.52 | 59.78 | 45.77 | 47.87 | 54.73 | 60.34 | 54.19 | 42.53 |
EV/EBIT |
4.91 | 33.65 | 5.35 | 3.87 | 2.02 | 3.03 | 0.00 | 6.52 | 6.37 | 0.00 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.03 | 0.03 | 0.04 | 0.03 | 0.00 | 0.00 | 0.01 |
Price to Operating Income |
4.81 | 33.98 | 5.36 | 3.88 | 2.05 | 3.45 | 0.00 | 8.37 | 7.11 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.05 | 0.06 | 0.05 | 0.05 | 0.04 | 0.07 | 0.13 | 0.11 | 0.10 | 0.11 |
Cash ROIC |
0.88% | (5.03%) | (0.62%) | 39.65% | (25.82%) | 5.12% | 7.46% | 10.49% | 3.99% | (1.62%) |
Accounts Receivable Turnover |
10.09 | 9.38 | 10.68 | 12.88 | 10.18 | 7.86 | 11.42 | 12.22 | 9.18 | 11.30 |
Accounts Payable Turnover |
11.49 | 10.67 | 11.58 | 12.30 | 8.14 | 8.50 | 13.59 | 15.98 | 18.18 | 34.80 |
Inventory Turnover |
4.12 | 3.68 | 4.63 | 6.51 | 4.70 | 2.86 | 3.29 | 3.69 | 2.77 | 2.03 |
Average Days of Payables |
41.64 | 30.51 | 34.25 | 26.79 | 66.95 | 54.06 | 23.40 | 24.25 | 33.59 | 9.38 |
Days of Inventory on Hand |
106.76 | 98.25 | 90.39 | 62.70 | 101.54 | 128.23 | 93.33 | 102.77 | 148.78 | 163.51 |
Average Receivables |
64.09 | 47.40 | 48.35 | 42.52 | 28.02 | 16.04 | 12.44 | 15.32 | 13.20 | 6.88 |
Average Payables |
51.24 | 39.60 | 40.37 | 40.83 | 29.99 | 12.06 | 10.26 | 10.91 | 6.12 | 2.24 |
Average Inventory |
142.96 | 114.75 | 101.03 | 77.10 | 51.98 | 35.84 | 42.37 | 47.20 | 40.12 | 38.43 |
Average Assets |
281.82 | 228.42 | 214.67 | 179.29 | 127.14 | 86.18 | 81.97 | 84.13 | 72.46 | 65.08 |
Average Common Equity |
141.96 | 129.95 | 121.45 | 97.56 | 72.51 | 66.10 | 69.67 | 70.53 | 64.47 | 61.80 |
Columns are period end dates