Zacks Investment Research·Jun 26, 2026
Friedman Stock Gains 89% in 3 Months: What's Driving the Rally?FRD is benefiting from record sales volumes and Century Metals gains, but steel price volatility and supplier dependence remain challenges.
Friedman Industries, Incorporated(FRD)Earnings, Financials & Key Ratios
FRD•NASDAQ
$35.03
12.7× P/E·Price updated Jul 2, 2026
AboutFriedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 230 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are steel distributors and customers manufacturing steel products, such as steel buildings, railroad cars, barges, tanks and containers, trailers, component parts and other fabricated steel products. The Tubular segment manufactures line and oil country pipes, as well as pipes for structural applications. This segment sells its tubular products principally to steel and pipe distributors through its own sales force. Friedman Industries, Incorporated was incorporated in 1965 and is headquartered in Longview, Texas.Show more
- Revenue$647M+45.5%
- EBITDA$30M+366.6%
- Net Income$20M+221.0%
- EPS (Diluted)2.76+217.2%
- Gross Margin8.39%-18.0%
- EBITDA Margin4.57%+220.7%
- Operating Margin3.97%+479.4%
- Net Margin3.02%+120.6%
- ROE13.76%+193.8%
FRD Price & Volume
Friedman Industries, Incorporated (FRD) stock price & volume — 10-year historical chart
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Aggressive Inorganic Growth Strains Operational Cash Flow
Investment Thesis • Updated 2026Q4
VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial:Healthy
Cash Flow:Deteriorating
Primary Risk:Cyclical margin compression risk
Key Thesis Takeaways
- Friedman Industries is currently undergoing a rapid transformation driven by inorganic acquisitions, which has successfully propelled revenue to $191.8 million in 2026Q4 but simultaneously introduced significant integration and liquidity risks.
- While the company has scaled its asset base, the failure of operating margins to exceed 6.2% despite a 48.4% revenue surge suggests that the firm is struggling to achieve meaningful operating leverage.
- Investors should remain cautious as the company navigates a rising debt-to-equity ratio of 0.67 and persistent negative free cash flow, which may necessitate further capital discipline to ensure long-term solvency.
Verdict Logic
while the company is expanding its top line, the combination of a -2.1% FCF margin and a thin $2.5 million cash buffer warrants further investigation into the sustainability of its current acquisition-heavy strategy.
FRD Growth Metrics
Friedman Industries, Incorporated (FRD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years23%
5 Years38.68%
3 Years5.72%
TTM45.5%
Profit CAGR
10 Years52.14%
5 Years11.32%
3 Years-2.91%
TTM220.02%
EPS CAGR
10 Years52.72%
5 Years11.11%
3 Years-1.75%
TTM219.96%
Return on Capital
10 Years10.22%
5 Years15.86%
3 Years9.32%
Last Year11.42%
FRD Recent Earnings
Friedman Industries, Incorporated (FRD) EPS & revenue vs analyst estimates — last 4 quarters
Q3 2026Latest
Jun 11, 2026Metric
Actual
Est
EPS
$1.30
—
Rev
$192M
—
Q1 2026
Feb 9, 2026Metric
Actual
Est
EPS
$0.43
—
Rev
$168M
—
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.32
—
Rev
$152M
—
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.71
—
Rev
$135M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 11, 2026 | $1.30 | $192M |
| Q1 2026 | Feb 9, 2026 | $0.43 | $168M |
| Q4 2025 | Nov 10, 2025 | $0.32 | $152M |
| Q3 2025 | Aug 7, 2025 | $0.71 | $135M |
Based on last 12 quarters of dataView full earnings history →
Latest FRD News
Recent stock market news and headlines for Friedman Industries, Incorporated (FRD)
GlobeNewsWire·Jun 24, 2026
Friedman Industries, Incorporated Announces Cash DividendLONGVIEW, Texas, June 24, 2026 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NASDAQ/GS: FRD), a Texas-based company engaged in metals processing, pipe manufacturing, and metals distribution, declared on June 24, 2026, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 7, 2026 to shareholders of record at the close of business on July 17, 2026.
Zacks Investment Research·Jun 17, 2026
Friedman Industries Stock Gains Post Q4 Earnings, Sales SurgeFRD's fourth-quarter fiscal 2026 results benefit from stronger earnings, higher sales, record volumes and margin momentum tied to pricing and Century integration.
Peers Comparison
Key metrics vs top competitors for Friedman Industries, Incorporated (FRD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $35.03 | $248.98M | 12.69 | 45.5% | 3.02% | 13.76% | 0.46% | |
| $47.86 | $532.97M | 24.29 | -10.03% | 0.73% | 2.39% | — | |
| $372.40 | $19.03B | 26.64 | 3.32% | 5.43% | 11.17% | — | |
| $203.42 | $8.42B | 24.69 | 4.51% | 14.92% | 16.86% | — | |
| $221.76 | $32.13B | 27.75 | 3.63% | 7.22% | 15.29% | — | |
| $219.02 | $49.89B | 29.13 | 5.73% | 6.82% | 10.58% | — |
Compare FRD vs Peers
Friedman Industries, Incorporated (FRD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FRD SEC Filings & Documents
Friedman Industries, Incorporated (FRD) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 11, 2026·SEC
Material company update
Mar 17, 2026·SEC
Material company update
Feb 9, 2026·SEC
10-K Annual Reports
510-Q Quarterly Reports
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FRD Frequently Asked Questions
Friedman Industries, Incorporated (FRD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Friedman Industries, Incorporated's revenue?
Friedman Industries, Incorporated (FRD) reported $646.9M in revenue for fiscal year 2026. This represents a 440% increase from $119.9M in 1997.
How fast is Friedman Industries, Incorporated growing?
Friedman Industries, Incorporated (FRD) grew revenue by 45.5% over the past year. This is strong growth.
Is FRD profitable?
Yes, Friedman Industries, Incorporated (FRD) is profitable, generating $19.5M in net income for fiscal year 2026 (3.0% net margin).
Dividend & Returns
Does FRD pay dividends?
Yes, Friedman Industries, Incorporated (FRD) pays a dividend with a yield of 0.46%. This makes it attractive for income-focused investors.
What is FRD's return on equity?
Friedman Industries, Incorporated (FRD) has a return on equity (ROE) of 13.8%. This is reasonable for most industries.
What is Friedman Industries, Incorporated's free cash flow?
Friedman Industries, Incorporated (FRD) generated $1.4M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.