Friedman Industries (FRD) AI Stock Analysis

• Market Cap: $123.75M
• Dividend Yield: 0.75%
• Average Volume (3M): 22.76K
• Price to Earnings (P/E): 11.7
• Beta (1Y): 0.64
• Revenue Growth: 8.72%
• EPS Growth: 43.14%
• Country: US
• Employees: 268
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.43
• Shares Outstanding: 7,112,182
• 10 Day Avg. Volume: 15,212
• 30 Day Avg. Volume: 22,764
• 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 Cap: 1.75
• Enterprise Value/Revenue: 0.37
• Enterprise Value/Gross Profit: 4.34
• Enterprise Value/Ebitda: 8.29
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $18.50 ▼(-4.64% Downside)
• Action: Reiterated Date: 03/18/26
• Date: Action: Reiterated 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

Very low TTM leverage and a sizable equity base give Friedman durable financial flexibility to fund operations, withstand cyclical downturns, and execute strategic projects. This balance-sheet conservatism reduces refinancing risk and supports capital allocation optionality over the next 2–6 months.

Negative Factors

Weak cash generation

Negative operating and free cash flows materially constrain internal funding for capex, working capital and the Sinton expansion. Persistent cash burn increases reliance on liquidity or external financing, limiting strategic flexibility and raising execution risk over coming quarters.

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 ...

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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...

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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

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

• Technical Analysis Sentiment: Negative
• Last Price: 19.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRD, the sentiment is Negative. The current price of 19.4 is above the 20-day moving average (MA) of 17.56, above the 50-day MA of 18.59, and above the 200-day MA of 19.07, indicating a bearish trend. The MACD of -0.29 indicates Negative momentum. The RSI at 42.32 is Neutral, neither overbought nor oversold. The STOCH value of 24.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FRD.

Friedman Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MSB	69 Neutral	$411.84M	40.46	79.30%	19.32%	-78.78%	-81.27%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FRD	58 Neutral	$123.75M	11.73	11.34%	0.75%	8.72%	43.14%
ACNT	48 Neutral	$125.57M	-27.96	-6.29%	―	-29.03%	―
HUDI	48 Neutral	$18.05M	-13.91	-1.85%	―	-20.24%	-119.83%

Friedman Industries Corporate Events