Friedman Industries, Incorporated

FRD

$44.45

-2.01%

2026-09-04 09:46:51 EDT-$0.91

Basic Materials

Steel

NASDAQ

Active Trading

Friedman Industries, Inc. (FRD) is a U.S.-based company primarily involved in the processing and manufacturing of steel and pipe, as well as ...

Key Metrics of FRD

Snapshot

Latest / TTM · 6 periods

Market Cap

$327.17M

ROCE

14.5%

EV / EBITDA

9.33x

+4.7% YoY

FCF Yield

-2.2%

-3.3% YoY

Cash Conversion Cycle

102.3d

Current Ratio

2.90

Quick take

TTM —

Positive CCC

Key Metrics

Latest / TTM · 6 periods

Valuation trend

Valuation trend table

Metric	2022	2023	2024	2025	2026	TTM
Market CapTotal market value of all shares outstanding.	$58.36M	$83.18M	$131.46M	$103.41M	$123.44M	$327.17M
Enterprise ValueCompany value including debt and cash adjustments.	$74.57M	$114.63M	$171.70M	$150.36M	$221.89M	$423.47M
EV / SalesHow many dollars investors pay per dollar of sales.	0.26x	0.21x	0.33x	0.34x	0.34x	0.56x
EV / EBITDAValuation multiple versus operating earnings before non-cash charges.	3.75x	3.48x	5.83x	10.79x	6.47x	9.33x
Net Debt / EBITDALeverage ratio using net debt divided by EBITDA.	0.81	0.96	1.37	3.37	2.87	2.12

Returns + ROCE gauge

ROCE latest

14.5%

Prev year 9.8%

Returns + ROCE gauge table

Metric	2022	2023	2024	2025	2026	TTM
ROEProfit generated from shareholders' equity.	17.7%	18.5%	13.6%	4.6%	12.9%	18.1%
ROAProfit generated from total assets.	8.8%	10.7%	7.5%	2.7%	5.8%	7.2%
ROICReturn generated on invested operating capital.	15.1%	15.0%	11.2%	4.5%	8.7%	11.3%
ROCEOperating return on long-term capital used.	29.0%	13.7%	13.9%	1.5%	9.8%	14.5%
Earnings YieldEarnings as a percentage of market value.	24.1%	25.7%	13.2%	5.9%	15.8%	8.5%

Cash flow quality

Cash flow quality table

Metric	2022	2023	2024	2025	2026	TTM
FCFFCash flow available to all capital providers.	$-21.27M	$49.12M	$1.47M	$-7.08M	$4.42M	$-3.73M
FCFECash flow available to equity holders after debt flows.	$-3.13M	$62.02M	$6.26M	$-2.03M	$46.22M	$51.26M
FCF YieldFree cash flow divided by market capitalization.	-36.8%	57.0%	-0.6%	-9.1%	1.1%	-2.2%
Income QualityHow well accounting earnings are backed by cash flow.	-0.95	2.99	0.29	-0.72	0.44	0.01
Capex / OCFShare of operating cash flow spent on capital expenditures.	-60.2%	25.8%	116.3%	-113.4%	83.9%	2086.5%

Operating efficiency

Operating efficiency table

Metric	2022	2023	2024	2025	2026	TTM
DSOAverage days to collect cash from customers.	45.6d	32.9d	33.5d	39.0d	45.5d	44.0d
DIOAverage days inventory stays before being sold.	101.5d	65.9d	95.2d	104.0d	112.2d	107.0d
DPOAverage days the company takes to pay suppliers.	66.7d	28.2d	34.2d	32.1d	43.7d	48.7d
Operating CycleTime from buying inventory to collecting receivables.	147.2d	98.8d	128.7d	142.9d	157.7d	151.0d
Cash Conversion CycleNet days cash is tied in operations.	80.5d	70.7d	94.5d	110.8d	114.0d	102.3d

Snapshot

Latest / TTM: —

Market Cap

$327.17M

ROE

18.1%

FCF Yield

-2.2%

Current Ratio

2.90

Upstream

Nucor CorporationNYSE:NUE Steel Dynamics, Inc.NASDAQ:STLD Cleveland-Cliffs Inc.NYSE:CLF Commercial Metals CompanyNYSE:CMCRed Bud Industries

Downstream

O'Neal Steel (O'Neal Industries)Steel & Pipe DistributorsOriginal Equipment Manufacturers (OEMs)Energy Sector Customers (Oil & Gas Pipelines / Midstream)Metal Fabricators & Laser Cutting Service Centers

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Friedman Industries, Incorporated

Key Metrics of FRD

Key Metrics

Valuation trend

Returns + ROCE gauge

Cash flow quality

Operating efficiency

Snapshot

Supply Chain of FRD

Upstream

Downstream

Key Metrics of FRD

Key Metrics

Valuation trend

Returns + ROCE gauge

Cash flow quality

Operating efficiency

Snapshot

Supply Chain of FRD

Upstream

Downstream