Friedman Industries Inc. (FRD)
Nasdaq · Steel Works, Blast Furnaces & Rolling & Finishing Mills · Manufacturing · CIK 39092 · fiscal year ends in Mar
Closing price $42.13 on 30 Oct 2026; 52-week range $17.01 to $48.08.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $752.1M
- Revenue growth
- 61.8%
- Net income, last twelve months
- $27.3M
- Earnings per share
- $3.84
- Gross margin
- 5.3%
- Operating margin
- 5.3%
- Net margin
- 3.6%
- Free cash flow
- -$7.2M
- Return on equity
- 16.6%
- Market value
- $303.9M
- Price to earnings
- 11.0x
- Dividend yield
- 0.4%
- Cash
- $5.0M
- Debt
- $95.0M
- Debt to equity
- 0.58
- Shares outstanding
- 7.2M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2026 | 31 Mar 2026 | $646.9M | $25.7M | $19.5M | $2.76 | $1.4M | 10-K filed 11 Jun 2026 |
| FY2025 | 31 Mar 2025 | $444.6M | $3.0M | $6.1M | $0.87 | -$8.4M | 10-K filed 12 Jun 2025 |
| FY2024 | 31 Mar 2024 | $516.3M | $24.5M | $17.3M | $2.39 | -$813.0K | 10-K filed 11 Jun 2024 |
| FY2023 | 31 Mar 2023 | $547.5M | $21.1M | $21.3M | $2.91 | $47.4M | 10-K filed 14 Jul 2023 |
| FY2022 | 31 Mar 2022 | $285.2M | $28.5M | $14.1M | $2.04 | -$21.5M | 10-K filed 2 Aug 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q1 FY2027 | 30 Jun 2026 | $240.0M | $12.8M | $1.79 |
| Q4 FY2026 | 31 Mar 2026 | $191.8M | $9.2M | $1.30 |
| Q3 FY2026 | 31 Dec 2025 | $168.0M | $3.0M | $0.43 |
| Q2 FY2026 | 30 Sep 2025 | $152.4M | $2.2M | $0.32 |
| Q1 FY2026 | 30 Jun 2025 | $134.8M | $5.0M | $0.71 |
| Q4 FY2025 | 31 Mar 2025 | $129.2M | $5.3M | $0.76 |
| Q3 FY2025 | 31 Dec 2024 | $94.1M | -$1.2M | -$0.17 |
| Q2 FY2025 | 30 Sep 2024 | $106.8M | -$675.0K | -$0.10 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2026
| Segment | Revenue | Share |
|---|---|---|
| Flat-roll | $596.1M | 92.1% |
| Tubular | $50.8M | 7.9% |
Company events
The newest 8-K filings of 96 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 28 Sep 2026 | 8-K | Shareholder vote | 5.07 |
| 10 Sep 2026 | 8-K | Material agreement, New debt | 1.01, 2.03 |
| 6 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 11 Jun 2026 | 8-K | Results | 2.02, 9.01 |
| 17 Mar 2026 | 8-K | Investor update | 7.01, 9.01 |
| 9 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 15 Dec 2025 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 10 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 23 Sep 2025 | 8-K | Shareholder vote | 5.07 |
| 3 Sep 2025 | 8-K | Deal completed, Material agreement, New debt | 1.01, 2.01, 2.03, 9.01 |
| 7 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 14 Jul 2025 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
Every filing
The newest filings with the SEC of 288 held.
| Filed | Form | Period |
|---|---|---|
| 28 Sep 2026 | 8-K | 22 Sep 2026 |
| 10 Sep 2026 | 8-K | 3 Sep 2026 |
| 6 Aug 2026 | 8-K | 6 Aug 2026 |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 28 Jul 2026 | DEF 14A | 22 Sep 2026 |
| 16 Jul 2026 | PRE 14A | 22 Sep 2026 |
| 11 Jun 2026 | 8-K | 11 Jun 2026 |
| 11 Jun 2026 | 10-K | 31 Mar 2026 |
| 17 Mar 2026 | 8-K | 17 Mar 2026 |
| 9 Feb 2026 | 8-K | 9 Feb 2026 |
| 9 Feb 2026 | 10-Q | 31 Dec 2025 |
| 15 Dec 2025 | 8-K | 9 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 18 Mar 2026 | Chhibbar Gaurav, Chief Operating Officer | Purchase | 400 | $16.94 | $6.8K | 51,400 | 19 Mar 2026 |
| 9 Mar 2026 | Taylor Mike J, President / CEO / Director | Purchase | 500 | $18.00 | $9.0K | 223,166 | 11 Mar 2026 |
| 3 Mar 2026 | Taylor Mike J, President / CEO / Director | Purchase | 400 | $18.00 | $7.2K | 222,666 | 5 Mar 2026 |
| 23 Feb 2026 | Taylor Mike J, President / CEO / Director | Purchase | 100 | $18.00 | $1.8K | 222,266 | 25 Feb 2026 |
| 19 Feb 2026 | Chhibbar Gaurav, Chief Operating Officer | Purchase | 1,000 | $18.35 | $18.4K | 51,000 | 23 Feb 2026 |
| 18 Feb 2026 | Taylor Mike J, President / CEO / Director | Purchase | 600 | $18.75 | $11.3K | 222,166 | 20 Feb 2026 |
| 2 Dec 2025 | Taylor Mike J, President / CEO / Director | Purchase | 500 | $18.74 | $9.4K | 221,566 | 4 Dec 2025 |
| 1 Dec 2025 | Scott Sandra Kay, Director | Purchase | 500 | $20.27 | $10.1K | 10,569 | 2 Dec 2025 |
| 28 Nov 2025 | Scott Sandra Kay, Director | Purchase | 500 | $20.05 | $10.0K | 10,069 | 2 Dec 2025 |
| 24 Nov 2025 | Taylor Mike J, President / CEO / Director | Purchase | 1,000 | $19.47 | $19.5K | 221,066 | 25 Nov 2025 |
| 21 Nov 2025 | Taylor Mike J, President / CEO / Director | Purchase | 1,000 | $19.28 | $19.3K | 220,066 | 25 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 28 Jul 2026 | BlackRock, Inc. | 13G | 5.6% | 394.9K |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 11 Feb 2026 | De Lisle Partners LLP | 13G amended | 5.9% | 419.8K |
| 6 Feb 2026 | Tontine Asset Associates, LLC | 13G amended | 4.9% | 354.6K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 155.9K | -1.54% | 4.31 |
| 30 Sep 2026 | 158.4K | +7.46% | 2.8 |
| 15 Sep 2026 | 147.4K | +10.91% | 2.34 |
| 31 Aug 2026 | 132.9K | -1.35% | 1.98 |
| 14 Aug 2026 | 134.7K | +20.48% | 1.19 |
| 31 Jul 2026 | 111.8K | -19.55% | 1.68 |
| 15 Jul 2026 | 139.0K | +8.63% | 1.11 |
| 30 Jun 2026 | 127.9K | -7.28% | 1.3 |
Funds that hold it
From each fund's latest Form 13F.
87 funds held it at 30 Jun 2026: 44 added and 24 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Dimensional Fund Advisors LP | 543,631 | $17.5M | +1,938 |
| De Lisle Partners LLP | 404,845 | $12.9M | -14,971 |
| BlackRock, Inc. | 394,898 | $12.7M | +66,405 |
| Gendell Jeffrey L | 354,576 | $11.4M | 0 |
| Vanguard Capital Management LLC | 305,664 | $9.8M | +17,182 |
| Renaissance Technologies LLC | 297,882 | $9.6M | -33,400 |
| Geode Capital Management, LLC | 172,848 | $5.6M | +13,348 |
| Acadian Asset Management LLC | 139,682 | $4.5M | +22,491 |
| Truffle Hound Capital, LLC | 116,551 | $3.8M | -33,449 |
| State Street Corp. | 97,452 | $3.1M | +14,177 |
Peers
Companies in the same industry.
- Worthington Enterprises, Inc. (WOR): revenue $1.4B, market value $3.1B
- Worthington Steel, Inc. (WS): revenue $5.3B, market value $2.0B
- Gibraltar Industries, Inc. (ROCK): revenue –, market value $1.4B
- Insteel Industries Inc. (IIIN): revenue $739.5M, market value $550.8M