Friedman Industries, Incorporated (FRD) is a publicly traded company on the NYSE American, founded in 1965 and headquartered in Longview, Texas. The company operates eight facilities across the U.S., specializing in steel processing, pipe manufacturing, and distribution. It operates through two main divisions: the Coil Division (Flat Roll Division) and ...Friedman Industries, Incorporated (FRD) is a publicly traded company on the NYSE American, founded in 1965 and headquartered in Longview, Texas. The company operates eight facilities across the U.S., specializing in steel processing, pipe manufacturing, and distribution. It operates through two main divisions: the Coil Division (Flat Roll Division) and the Tubular Division. The Coil Division converts steel coils into flat sheet and plate steel, precisely cut to customer specifications, and also offers processing services for customer-owned materials. This division serves approximately 230 customers, including steel distributors and manufacturers in central and southern U.S., who use the steel for products like steel buildings, railway carriages, barges, storage tanks, shipping containers, trailers, and other fabricated steel goods. The Tubular Division produces various types of pipes, including line pipe, oil country tubular goods (OCTG), and structural pipe, primarily sold to steel and pipe distributors via an internal sales force. The company prides itself on providing high-quality steel products at competitive prices with quick delivery, a commitment that has sustained its growth for over 60 years. Financially, Friedman Industries has a market cap of approximately $321.8 million, with revenue per share of $107.71 and net income per share of $3.86. Key financial ratios indicate a price-to-earnings ratio of 11.62, a debt-to-equity ratio of 0.031, and a current ratio of 2.902, suggesting a healthy liquidity position. The company employs around 381 people, and its leadership includes President and CEO Michael J. Taylor, who took office in March 2019. Under his leadership, the company continues to focus on operational efficiency and customer satisfaction, aiming to maintain its position as a reliable steel supplier in the U.S. market.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$646.9M
+45.5%
+25.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$19.5M
+221.0%
+36.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+13.4%
+30.7%
+56.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+4.0%
+533.0%
+42.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+3.0%
+120.6%
+8.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$1.4M
+114.7%
+229.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+0.2%
+110.1%
+203.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
66.6%
+74.2%
-7.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.38x
-22.3%
-14.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
