Friedman Industries (FRD)
NASDAQ:FRD
Want to see FRD full AI Analyst Report?
Top Page
Friedman Industries
(NASDAQ:FRD)
Select Model
Select Model
Rating:70Outperform
Price Target:
$38.00
▲(95.88% Upside)
Action:Upgraded
Date:06/13/26
The score is driven primarily by strong financial footing (notably low leverage and rising equity) and improving profitability, tempered by inconsistent cash-flow conversion. Technically, the trend is positive but signals are heavily overbought, which raises near-term risk. Valuation is reasonable on earnings but offers a low dividend yield; the Sinton expansion is an additional positive catalyst.
Positive Factors
Balance sheet strength
Very low leverage and steadily rising equity provide durable financial flexibility, allowing Friedman to fund capital projects, withstand steel-cycle downturns, and negotiate with suppliers. This resilience supports sustained operations, capital allocation choices, and lower default risk over the next several quarters.
Negative Factors
Volatile cash generation
Weak and inconsistent free cash flow conversion versus accounting earnings signals working-capital sensitivity and cyclical funding needs. This variability limits the firm's ability to consistently self-fund investments, dividends or absorb shocks, and increases financing risk during down cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and steadily rising equity provide durable financial flexibility, allowing Friedman to fund capital projects, withstand steel-cycle downturns, and negotiate with suppliers. This resilience supports sustained operations, capital allocation choices, and lower default risk over the next several quarters.
Read all positive factors
Friedman Industries (FRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$246.93M
Dividend Yield0.75%
Average Volume (3M)22.76K
Price to Earnings (P/E)12.5
Beta (1Y)0.77
Revenue Growth45.50%
EPS Growth214.32%
CountryUS
Employees268
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)2.76
Shares Outstanding7,112,182
10 Day Avg. Volume15,212
30 Day Avg. Volume22,764
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.81
Price to Sales (P/S)0.19
P/FCF Ratio89.51
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit4.80
Enterprise Value/Ebitda8.13
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, Inc. (FRD) is a U.S.-based company primarily involved in the processing and manufacturing of steel and pipe, as well as their distribution. The firm operates through two distinct divisions: Coil and Tubular. The Coil segment s...
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
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 646.91M | 444.60M | 516.25M | 547.54M | 285.24M |
| Gross Profit | 54.27M | 45.48M | 72.42M | 69.98M | 40.99M |
| EBITDA | 29.55M | 13.94M | 29.46M | 32.93M | 19.91M |
| Net Income | 19.53M | 6.08M | 17.34M | 21.34M | 14.07M |
Balance Sheet | |||||
| Total Assets | 336.81M | 226.82M | 230.02M | 199.31M | 159.28M |
| Cash, Cash Equivalents and Short-Term Investments | 2.45M | 3.69M | 2.89M | 2.99M | 2.60M |
| Total Debt | 100.91M | 50.48M | 43.13M | 34.45M | 18.82M |
| Total Liabilities | 185.32M | 94.40M | 102.54M | 83.88M | 79.59M |
| Stockholders Equity | 151.49M | 132.43M | 127.47M | 115.43M | 79.69M |
Cash Flow | |||||
| Free Cash Flow | 1.38M | -9.41M | -813.00K | 47.44M | -21.46M |
| Operating Cash Flow | 8.54M | -4.41M | 4.98M | 63.89M | -13.40M |
| Investing Cash Flow | -52.76M | -3.43M | -5.80M | -88.19M | -7.92M |
| Financing Cash Flow | 43.30M | 6.09M | 1.34M | 13.56M | 17.25M |
Friedman Industries Technical Analysis
Positive
19.40
Price Trends
21.66
Positive
20.13
Positive
20.36
Positive
Market Momentum
2.64
Negative
91.83
Negative
91.41
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 below the 20-day moving average (MA) of 24.45, below the 50-day MA of 21.66, and below the 200-day MA of 20.36, indicating a bullish trend. The MACD of 2.64 indicates Negative momentum. The RSI at 91.83 is Negative, neither overbought nor oversold. The STOCH value of 91.41 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $246.93M | 12.47 | 11.34% | 0.75% | 45.50% | 214.32% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $339.55M | 29.11 | 66.13% | 19.32% | -84.51% | -87.88% | |
55 Neutral | $37.37M | 20.04 | 1.85% | ― | 38.96% | ― | |
48 Neutral | $126.99M | 107.08 | 1.40% | ― | -51.72% | ― | |
44 Neutral | $13.09M | -9.63 | -1.85% | ― | -15.32% | -1106.19% |
* Basic Materials Sector Average
FRD
Friedman Industries
34.87
18.40
111.74%
ACNT
Ascent Industries
13.78
1.27
10.15%
MSB
Mesabi Shs
25.13
1.52
6.44%
HUDI
Huadi International Group
0.94
-0.42
-30.88%
HLP
Hongli Group, Inc.
0.53
-0.40
-42.90%
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.