Friedman Industries Inc (NASDAQ:FRD)

US · Delayed Price · Currency is USD

Basic Materials · Steel

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41.05-0.49 (-1.18%)

Market cap

$296M

Insider Score

Not scored

Health Score

72 Sound

Listed since

Mar 17, 1980

Website

friedmanindustries.com

Insider Score

––Not scored

FRD Insider Score

Insiders here have filed 6 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.

See stocks that are scored

Financial Health Score

Sound

From FRD’s reported statements · Q2 2026 (trailing 12 months)

Profitability12 / 20

Profitable, but on a thin margin.

Revenue: $752.1M
Net income: $27.0M
Net margin: 3.6%

Leverage9 / 20

A manageable debt load.

Total debt: $101.3M
Cash: $5.0M
Net debt / EBITDA: 2.12x

Liquidity20 / 20

Comfortably covers what is due within a year.

Current assets: $291.1M
Current liabilities: $100.3M
Current ratio: 2.90

Cash generation11 / 20

Roughly cash-neutral.

Operating cash flow: $362K
Free cash flow: -$7.2M
FCF margin: -1.0%

Dilution & runway20 / 20

Not funding itself by issuing shares.

Shares outstanding: 7.0M
Share growth (1y): 0.2%

Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.

FRD Income Statement

Fiscal Period	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025
Revenue	239.97 M	191.78 M	167.97 M	152.38 M	134.78 M	129.22 M
Revenue Growth (YoY)	78.05 %	48.42 %	78.56 %	42.74 %	17.66 %	-2.28 %
Cost of Revenue	197.65 M	170.22 M	148.67 M	135.15 M	115.03 M	111.93 M
Gross Profit	42.33 M	21.56 M	19.30 M	17.24 M	19.75 M	17.29 M
SG&A Expense	20.22 M	9.73 M	7.15 M	6.29 M	11.86 M	3.84 M
R&D Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	21.29 M	9.73 M	15.40 M	14.36 M	12.70 M	11.54 M
Operating Income	21.03 M	11.83 M	3.90 M	2.88 M	7.04 M	5.75 M
Pretax Income	16.98 M	12.75 M	4.00 M	2.98 M	6.64 M	6.85 M
Tax Provision	4.19 M	3.52 M	961.00 K	737.00 K	1.62 M	1.50 M
Net Income	12.50 M	9.19 M	3.04 M	2.24 M	5.03 M	5.34 M
EPS (Basic)	1.79	1.30	0.43	0.32	0.71	0.76
EPS (Diluted)	1.79	1.30	0.43	0.32	0.71	0.76
Shares Outstanding	6.98 M	6.97 M	6.97 M	6.97 M	6.97 M	7.03 M

Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.

Disclaimer — Informational only — not investment advice. Insider transaction data is sourced from SEC Form 4 filings; market data from public feeds and may be delayed. The Insider Score is a proprietary score for research purposes and does not predict future performance. Always do your own research.