Friedman Industries (FRD)
NASDAQ:FRD
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Friedman Industries
(NASDAQ:FRD)
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Rating:58Neutral
Price Target:
$20.50
▲(5.67% Upside)
Action:ReiteratedDate:03/18/26
FRD scores mid-range primarily due to mixed financials: strong balance-sheet conservatism offsets weak cash flow and compressed margins. Technicals are a notable headwind with broad weakness versus key moving averages and negative momentum. Valuation is reasonable, and the Sinton expansion is a constructive long-term catalyst, but near-term execution/cash conversion remain key risks.
Positive Factors
Conservative balance sheet and low leverage
Very low TTM leverage gives Friedman durable financial flexibility. With debt-to-equity near 0.03, the company can fund strategic investments, absorb cyclical downturns, negotiate supplier terms, and support operations without short-term liquidity strain, strengthening long-term resilience.
Negative Factors
Weak cash generation and negative free cash flow
Persistent negative operating and free cash flow materially constrains financial flexibility despite low leverage. Continued cash burn forces greater reliance on external financing or equity, limits ability to fund capex or dividends, and increases vulnerability to working-capital stress across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Very low TTM leverage gives Friedman durable financial flexibility. With debt-to-equity near 0.03, the company can fund strategic investments, absorb cyclical downturns, negotiate supplier terms, and support operations without short-term liquidity strain, strengthening long-term resilience.
Read all positive factors
Friedman Industries (FRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$140.25M
Dividend Yield0.75%
Average Volume (3M)22.76K
Price to Earnings (P/E)11.7
Beta (1Y)0.70
Revenue Growth30.55%
EPS Growth174.70%
CountryUS
Employees268
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.43
Shares Outstanding7,112,182
10 Day Avg. Volume15,212
30 Day Avg. Volume22,764
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)0.78
Price to Sales (P/S)0.23
P/FCF Ratio-10.99
Enterprise Value/Market Cap1.68
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit4.71
Enterprise Value/Ebitda8.99
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Friedman Industries Business Overview & Revenue Model
Company Description
Friedman 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 ...
How the Company Makes Money
Friedman Industries makes money primarily by buying steel and converting it into higher-value products and services sold to customers. Its key revenue streams generally come from: (1) Coil products: the company purchases steel coil and generates r...
Friedman Industries Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 584.35M | 444.60M | 516.25M | 547.54M | 285.24M | 126.10M |
| Gross Profit | 50.00M | 45.48M | 72.42M | 69.98M | 40.99M | 23.59M |
| EBITDA | 26.21M | 13.94M | 29.46M | 32.93M | 29.84M | 16.76M |
| Net Income | 15.63M | 6.08M | 17.34M | 21.34M | 14.07M | 11.42M |
Balance Sheet | ||||||
| Total Assets | 311.86M | 226.82M | 230.02M | 199.31M | 159.28M | 95.01M |
| Cash, Cash Equivalents and Short-Term Investments | 3.00M | 3.69M | 2.89M | 2.99M | 2.60M | 8.19M |
| Total Debt | 97.13M | 50.48M | 43.13M | 34.45M | 18.82M | 2.06M |
| Total Liabilities | 169.65M | 94.40M | 102.54M | 83.88M | 79.59M | 29.67M |
| Stockholders Equity | 142.21M | 132.43M | 127.47M | 115.43M | 79.69M | 65.34M |
Cash Flow | ||||||
| Free Cash Flow | -7.45M | -9.41M | -813.00K | 47.44M | -21.46M | 3.82M |
| Operating Cash Flow | -658.00K | -4.41M | 4.98M | 63.89M | -13.40M | 8.43M |
| Investing Cash Flow | -51.63M | -3.43M | -5.80M | -88.19M | -7.92M | -4.59M |
| Financing Cash Flow | 54.57M | 6.09M | 1.34M | 13.56M | 17.25M | -701.91K |
Friedman Industries Technical Analysis
Positive
19.40
Price Trends
18.40
Positive
19.14
Positive
19.17
Positive
Market Momentum
0.23
Negative
64.58
Neutral
87.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRD, the sentiment is Positive. The current price of 19.4 is above the 20-day moving average (MA) of 18.08, above the 50-day MA of 18.40, and above the 200-day MA of 19.17, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 64.58 is Neutral, neither overbought nor oversold. The STOCH value of 87.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRD.
Friedman Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $350.96M | 31.12 | 66.13% | 19.32% | -82.23% | -85.13% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $140.25M | 11.73 | 11.34% | 0.75% | 30.55% | 174.70% | |
48 Neutral | $134.31M | -27.96 | -6.29% | ― | -53.99% | ― | |
48 Neutral | $17.16M | -13.91 | -1.85% | ― | -15.32% | -1106.19% |
* Basic Materials Sector Average
FRD
Friedman Industries
20.35
3.29
19.27%
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Friedman Industries Corporate Events
Business Operations and Strategy
Friedman Industries Expands Sinton Facility for Advanced Fabrication
Positive
Mar 17, 2026
On March 17, 2026, Friedman Industries announced plans to expand its facility on Steel Dynamics’ campus in Sinton, Texas by enlarging the building and installing laser cutting equipment to add new fabrication capabilities, with completion ta...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.