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

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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