Friedman Industries, Incorporated (FRD) Cash Flow: Operating & Free Cash Flow

Friedman Industries, Incorporated (FRD) Cash Flow Statement

In fiscal 2026 (fiscal year ended Mar 31, 2026), Friedman Industries, Incorporated generated $8.54M of operating cash flow and spent $7.16M on capital expenditures. That left free cash flow of $1.38M, or 0.2% of revenue. It returned $1.14M to shareholders through $1.13M in dividends and $10.00K in share buybacks.

Friedman Industries, Incorporated Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Friedman Industries, Incorporated (FRD) - 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
Operating Activities
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
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
Deferred Income Tax	1.28	0.22	0.79	3.33	-0.56	-0.56	1.34	-	-1.18	-0.33	1.27	-0.76
Stock Based Compensation	0.68	0.15	0.25	0.30	0.45	0.45	0.53	0.53	0.33	0.14	0.29	0.07
Change in Working Capital	-16.06	-11.98	-16.88	31.16	-29.54	-29.54	0.68	0.68	10.50	1.62	-2.44	1.51
Change in Accounts Receivable	-19.33	-0.15	2.04	-12.29	-16.70	-15.29	-8.22	-8.67	1.48	4.27	-8.52	-4.12
Change in Inventory	-23.91	2.12	-29.56	59.25	-31.93	-31.93	-0.62	-0.62	12.44	-3.73	-3.12	7.02
Change in Accounts Payable	22.19	-8.64	7.04	-18.10	22.03	22.03	5.39	5.39	-2.68	1.34	8.23	-0.47
Change in Other Working Capital	-0.83	0.44	0.82	3.08	-2.94	0.08	4.14	0.45	-0.73	-0.26	0.97	-0.92
Other Operating Activities	0.55	-1.96	1.20	5.24	0.86	0.30	-6.56	-5.22	5.30	1.76	0.01	0.06
Net Cash from Operating Activities	8.54	-4.42	4.98	63.89	-13.40	-13.40	8.43	8.43	11.23	9.63	3.25	-0.20
Investing Activities
Capital Expenditures	-7.16	-5.00	-5.79	-16.45	-8.07	-8.07	-4.61	-4.61	-4.94	-0.81	-0.35	-0.80
Acquisitions	-45.60	0.00	0.00	-71.72	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	-	0.00	-	-0.02	-0.02	-0.02	-0.06
Other Investing Activities	0.02	-0.01	-0.01	-0.01	0.15	-0.01	0.02	-0.01	0.00	-0.02	-0.02	-0.06
Net Cash from Investing Activities	-52.76	-3.43	-5.81	-88.19	-7.92	-7.92	-4.59	-4.59	-4.95	-0.83	-0.37	-0.86
Financing Activities
Debt Repayment	-734.84	-642.11	7.07	-726.37	18.33	-0.10	1.59	-	-0.05	0.00	0.00	0.00
Common Stock Repurchased	-0.01	-0.17	-5.15	-0.04	-0.54	-0.54	-1.73	-1.73	0.00	0.00	0.00	0.00
Dividends Paid	-1.13	-1.12	-0.58	-0.59	-0.55	-0.55	-0.56	-0.56	-0.84	-1.19	-0.28	-0.27
Other Financing Activities	-0.40	0.00	0.00	-0.39	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Net Cash from Financing Activities	43.30	6.10	1.34	13.56	17.25	17.25	-0.70	-0.70	-0.89	-1.19	-0.28	-0.27
Summary
Net Change in Cash	-0.92	-1.75	0.51	-10.74	-4.07	-4.07	3.13	3.13	5.39	7.61	2.59	-1.34
Cash at Beginning of Period	4.15	5.90	5.39	16.12	20.19	20.19	17.06	-	11.67	4.05	1.46	2.80
Cash at End of Period	3.23	4.15	5.90	5.39	16.12	16.12	20.19	-	17.06	11.67	4.05	1.46
Free Cash Flow	1.38	-9.42	-0.81	47.44	-21.46	-21.46	3.82	3.82	6.30	8.82	2.90	-1.00
Supplemental Disclosures
Interest Paid	-	3.00	3.00	2.00	-	0.20	-	0.01	-	-	-	-
Income Taxes Paid	-	3.20	3.90	0.40	-	8.30	-	0.01	-	-	-	-

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 Cash Flow

What is Friedman Industries, Incorporated's free cash flow?

Friedman Industries, Incorporated generated free cash flow of $1.38M in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of $8.54M minus $7.16M of capital expenditures. Free cash flow equaled 0.2% of revenue.

How much does Friedman Industries, Incorporated spend on capital expenditures?

Friedman Industries, Incorporated spent $7.16M on capital expenditures in fiscal 2026, compared with $5.00M a year earlier. That equals 83.9% of operating cash flow.

Does Friedman Industries, Incorporated pay dividends or buy back shares?

Yes. In fiscal 2026 Friedman Industries, Incorporated returned $1.13M in dividends and $10.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition