Friedman Industries Incorporated (FRD)

Name: Friedman Industries Incorporated Financial Statements
Creator: Quarter Results

Basic Materials | Steel

Latest reporting period: 2025-09-30

Latest Quarter

2025-09-30

Revenue

$152M

Net Income

$2.2M

Operating Margin

1.9%

Free Cash Flow

-$9.4M

Debt / Assets

41.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Friedman Industries Incorporated (FRD).
Income Statement (Quarterly)	2025-09-30	2025-06-30	2024-12-31	2024-09-30
Revenue	152,383,000	134,777,000	94,074,000	106,759,000
Cost of Revenue	143,217,000	122,279,000	85,981,000	102,826,000
Gross Profit	9,166,000	12,498,000	8,093,000	3,933,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	6,287,000	5,455,000	3,887,000	3,935,000
Operating Expenses	6,287,000	5,455,000	9,280,000	3,935,000
Operating Income	2,879,000	7,043,000	-1,187,000	-224,000
Interest Expense	754,000	678,000	632,000	869,000
Income Before Tax	2,977,000	6,645,000	-1,552,000	-902,000
Income Tax Expense	737,000	1,617,000	-400,000	-227,000
Net Income	2,210,000	5,028,000	-1,152,000	-675,000
Per Share
EPS	0.32	0.71	-0.17	-0.10
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Friedman Industries Incorporated (FRD).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	444,600,000	516,251,000	547,542,000	285,234,752	126,102,533
Cost of Revenue	399,125,000	443,833,000	504,457,000	244,247,474	102,517,335
Gross Profit	45,475,000	72,418,000	43,085,000	40,987,278	23,585,198
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	16,171,000	44,830,000	22,011,000	12,467,366	7,835,184
Operating Expenses	42,432,000	47,900,000	22,011,000	12,467,366	7,835,184
Operating Income	3,043,000	24,518,000	21,074,000	17,265,444	15,725,395
Interest Expense	2,953,000	3,072,000	2,218,000	255,320	528,041
Income Before Tax	7,693,000	23,314,000	28,189,000	18,330,558	15,221,973
Income Tax Expense	1,608,000	5,969,000	6,845,000	4,264,236	3,797,498
Net Income	6,085,000	17,345,000	21,344,000	14,066,000	11,424,475
Per Share
EPS	0.87	2.39	2.91	2.12	1.63
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Friedman Industries Incorporated (FRD).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	3,686,000	2,891,000	2,992,000	2,598,102
Short Term Investments	0	0	0	0
Net Receivables	47,476,000	47,329,000	49,367,000	35,670,657
Inventory	113,689,000	115,804,000	86,246,000	67,946,122
Total Current Assets	166,467,000	170,064,000	143,656,000	125,361,815
Property Plant Equipment	59,092,000	59,599,000	55,203,000	30,106,059
Goodwill and Intangibles	0	0	0	0
Total Assets	226,822,000	230,019,000	199,311,000	159,275,070
Liabilities
Account Payables	35,304,000	41,539,000	36,847,000	44,803,602
Short Term Debt	0	54,000	-6,488,000	104,689
Total Current Liabilities	38,324,000	54,107,000	45,088,000	60,810,607
Long Term Debt	50,480,000	43,075,000	34,339,000	18,436,457
Total Liabilities	94,397,000	102,544,000	83,880,000	79,588,422
Shareholders Equity
Retained Earnings	101,254,000	96,284,000	79,653,000	58,909,018
Total Shareholders Equity	132,425,000	127,475,000	115,431,000	79,686,648

Balance sheet annual history for Friedman Industries Incorporated (FRD).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Assets
Cash and Cash Equivalents	3,686,000	2,891,000	2,992,000	2,598,102	8,191,001
Short Term Investments	0	0	0	0	0
Net Receivables	47,476,000	47,329,000	49,367,000	35,670,657	20,377,967
Inventory	113,689,000	115,804,000	86,246,000	67,946,122	36,016,093
Total Current Assets	166,467,000	170,064,000	143,656,000	125,361,815	77,534,635
Property Plant Equipment	59,092,000	59,599,000	55,203,000	30,106,059	15,461,256
Goodwill and Intangibles	0	0	0	0	0
Total Assets	226,822,000	230,019,000	199,311,000	159,275,070	95,008,809
Liabilities
Account Payables	35,304,000	41,539,000	36,847,000	44,803,602	15,185,038
Short Term Debt	0	54,000	-6,488,000	104,689	1,621,099
Total Current Liabilities	38,324,000	54,107,000	45,088,000	60,810,607	29,072,271
Long Term Debt	50,480,000	43,075,000	34,339,000	18,436,457	171,975
Total Liabilities	94,397,000	102,544,000	83,880,000	79,588,422	29,668,833
Shareholders Equity
Retained Earnings	101,254,000	96,284,000	79,653,000	58,909,018	45,392,912
Total Shareholders Equity	132,425,000	127,475,000	115,431,000	79,686,648	65,339,976

Cash flow quarterly history for Friedman Industries Incorporated (FRD).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	6,085,000	17,345,000	21,344,000	14,066,322
Depreciation & Amortization	3,291,000	3,070,000	2,526,000	1,320,434
Stock Based Compensation	151,000	246,000	303,000	449,089
Change in Working Capital	-11,979,000	-16,880,000	31,155,000	-29,535,253
Operating Cash Flow	-4,410,000	4,979,000	63,894,000	-13,397,759
Investing Activities
Capital Expenditure	-5,002,000	-5,792,000	-16,454,000	-8,064,599
Investments	-5,002,000	-5,792,000	-16,454,000	-8,064,599
Investing Cash Flow	-3,434,000	-5,805,000	-88,187,000	-7,917,910
Financing Activities
Debt Repayment	7,381,000	7,069,000	-105,000	-102,689
Common Stock Issued/Repurchased	-171,000	-5,151,000	14,644,000	-537,855
Dividends Paid	-1,115,000	-581,000	-589,000	-551,212
Financing Cash Flow	6,095,000	1,337,000	13,557,000	17,244,701
Summary
Free Cash Flow	-9,412,000	-813,000	47,440,000	-21,462,358
Net Change in Cash	-1,749,000	511,000	-10,736,000	-4,070,968

Cash flow annual history for Friedman Industries Incorporated (FRD).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Operating Activities
Net Income	6,085,000	17,345,000	21,344,000	14,066,322	11,424,475
Depreciation & Amortization	3,291,000	3,070,000	2,526,000	1,320,434	1,012,917
Stock Based Compensation	151,000	246,000	303,000	449,089	527,671
Change in Working Capital	-11,979,000	-16,880,000	31,155,000	-29,535,253	683,636
Operating Cash Flow	-4,410,000	4,979,000	63,894,000	-13,397,759	8,426,886
Investing Activities
Capital Expenditure	-5,002,000	-5,792,000	-16,454,000	-8,064,599	-4,609,617
Investments	-5,002,000	-5,792,000	-16,454,000	-8,064,599	-4,609,617
Investing Cash Flow	-3,434,000	-5,805,000	-88,187,000	-7,917,910	-4,590,240
Financing Activities
Debt Repayment	7,381,000	7,069,000	-105,000	-102,689	-100,728
Common Stock Issued/Repurchased	-171,000	-5,151,000	14,644,000	-537,855	-1,727,378
Dividends Paid	-1,115,000	-581,000	-589,000	-551,212	-564,190
Financing Cash Flow	6,095,000	1,337,000	13,557,000	17,244,701	-701,911
Summary
Free Cash Flow	-9,412,000	-813,000	47,440,000	-21,462,358	3,817,269
Net Change in Cash	-1,749,000	511,000	-10,736,000	-4,070,968	3,134,735