Friedman Industries, Incorporated (FRD) Financial Statements & Analysis

Friedman Industries, Incorporated (FRD) Income Statement

Friedman Industries, Incorporated reported revenue of $646.91M in fiscal 2026 (fiscal year ended Mar 31, 2026), up 45.5% from $444.60M a year earlier. Net income was $19.53M, up 221.0% year over year, a net margin of 3.0%. Gross margin was 13.4% and operating margin 4.0%. In the most recent quarter, Q1 fiscal 2027 (ended Jun 30, 2026), revenue was $239.97M, up 78.1% from the same quarter a year earlier.

Friedman Industries, Incorporated Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Friedman Industries, Incorporated income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Jun 2022	Mar 2022	Jun 2021	Mar 2021	Mar 2020	Jun 2019	Mar 2018	Mar 2017
Revenue & Gross Profit
Revenue	646.91	444.60	516.25	547.54	285.24	285.24	126.10	126.10	142.10	187.15	121.16	77.76
Cost of Revenue	560.42	399.13	443.83	477.57	244.25	244.25	102.52	102.52	139.49	174.25	112.91	77.95
Gross Profit	86.50	45.48	72.42	69.98	40.99	40.99	23.59	23.59	2.61	12.91	8.25	-0.19
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Selling, General & Administrative	28.62	16.17	44.83	46.38	0.00	12.47	0.00	7.84	0.00	4.78	4.18	4.02
Operating Expenses	60.84	42.69	47.90	48.90	12.47	12.47	7.86	7.84	9.47	180.33	4.18	4.02
Operating Income	25.65	2.79	24.52	21.07	28.52	28.52	15.73	15.73	-6.86	6.38	4.04	-4.21
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	-	0.00	-	0.02	0.44	0.02	0.06
Interest Expense	4.10	2.95	3.07	2.22	0.26	0.26	0.02	-0.02	0.00	0.02	0.03	0.00
Other Income/Expense	4.83	4.91	-1.20	7.12	-10.19	-9.93	-0.50	-0.48	0.02	0.44	0.02	0.06
Income
Income Before Tax	26.37	7.69	23.31	28.19	18.33	18.33	15.22	15.22	-6.84	6.82	4.07	-4.15
Income Tax Expense	6.84	1.61	5.97	6.85	4.27	4.27	3.80	3.80	-1.59	1.72	1.31	-1.47
Net Income	19.53	6.09	17.35	21.34	14.07	14.07	11.42	11.42	-5.25	5.10	2.76	-2.68
Net Income - Continuous Operations	19.53	6.09	17.35	21.34	14.07	14.07	11.42	-	-5.25	5.10	2.76	-2.68
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	34.30	13.94	29.46	32.93	19.91	19.91	16.76	16.74	-0.99	8.18	7.12	-2.56
EBIT	30.48	2.79	24.52	22.27	-	18.59	-	15.73	-	-	-	-
Depreciation & Amortization	3.82	3.29	3.07	2.53	1.32	1.32	1.01	1.01	1.52	1.34	1.36	1.59
Earnings Per Share
Basic EPS	3.00	1.00	2.00	3.00	2.00	2.00	2.00	2.00	-1.00	1.00	-	-
Diluted EPS	3.00	1.00	2.00	3.00	2.00	2.00	2.00	2.00	-1.00	1.00	-	-
Basic Shares Outstanding	7.08	6.94	7.18	7.33	6.62	6.62	7.03	6.70	7.00	7.01	7.01	6.85
Diluted Shares Outstanding	7.08	6.94	7.18	7.33	6.62	6.62	7.03	6.70	7.00	7.01	7.01	6.85

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Friedman Industries, Incorporated Financial Statements

What was Friedman Industries, Incorporated's revenue in fiscal 2026?

Friedman Industries, Incorporated reported revenue of $646.91M in fiscal 2026 (fiscal year ended Mar 31, 2026). That was up 45.5% from $444.60M a year earlier.

Is Friedman Industries, Incorporated profitable?

Yes. Friedman Industries, Incorporated earned net income of $19.53M in fiscal 2026, a net margin of 3.0%. In fiscal 2025 it earned $6.08M.

What is Friedman Industries, Incorporated's operating margin?

Friedman Industries, Incorporated's operating income was $25.65M on revenue of $646.91M in fiscal 2026, an operating margin of 4.0%, compared with 0.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition