Stocks · Basic Materials · Steel
Friedman Industries, Incorporated FRD
$41.08 +3.66% Close, Oct 2, 2026 · NASDAQ · Market cap $296.3M
Strong growthStrong trend
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $3.84, up 219.3% year over year.
- Revenue over the last four quarters was $752.1M, up 61.8% from a year earlier, accelerating from 45.5% a quarter earlier.
- Over the past year the stock returned +85.6%, ahead of the S&P 500 by 70.6 percentage points.
PromtFinance scores
Each score is a percentile within the Basic Materials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 8%
- EPS growth (TTM, YoY)Top 8%
- FCF growth (TTM, YoY)Bottom 8%
- Revenue growth, 3-year CAGRTop 24%
- Revenue growth accelerationTop 5%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 26%
- Gross marginBottom 22%
- Operating marginBottom 39%
- Cash conversion (OCF / net income)Bottom 2%
- Accruals (lower is better)Bottom 3%
- Net debt / EBITDA (lower is better)Bottom 42%
- Interest coverTop 35%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 6%
- Free-cash-flow yieldBottom 26%
- EBITDA / enterprise valueTop 19%
- Sales / enterprise valueTop 4%
- P/E vs own 5-year history (lower is better)Bottom 37%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 5%
- 6-month returnTop 1%
- 1-year return vs S&P 500Top 5%
- Distance from 52-week highTop 21%
- Trend checklist (0–4)Top 25%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 35%
- Maximum drawdown, 3 yearsTop 9%
- Beta vs S&P 500 (lower is better)Bottom 42%
- Net debt / EBITDA (lower is better)Bottom 42%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 45.5% | 61.8% | ↑ |
| EPS growth (YoY) | 220.0% | 219.3% | ↓ |
| Gross margin | 11.9% | 13.4% | ↑ |
| Operating margin | 2.4% | 5.3% | ↑ |
| FCF margin | 2.5% | -1.0% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 61.8% | 45.5% | ↑ | Top 8% |
| EPS growth (TTM, YoY) | 219.3% | 220.0% | ↓ | Top 8% |
| Gross margin | 13.4% | 11.9% | ↑ | Bottom 22% |
| Operating margin | 5.3% | 2.4% | ↑ | Bottom 39% |
| Net margin | 3.6% | 1.8% | ↑ | — |
| Free-cash-flow margin | -1.0% | 2.5% | ↓ | — |
| Return on invested capital | 10.7% | — | Top 26% | |
| Revenue growth, 3-year CAGR | 5.7% | — | Top 24% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.01×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 7.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +17.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.12×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 8.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.38%
- Net buyback yield (TTM)
- 0.03%
- Shareholder yield
- 0.41%
- Share count change, 1 year
- +0.2%
- Share count change, 3-year CAGR
- -1.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Average 2-day reaction, last 8
- +1.0%
- Positive 20 days after report
- 4 of 8
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | — | +2.2% | +21.8% | +22.0% | — |
| Jun 11, 2026 | — | +3.2% | +41.2% | +34.1% | +78.5% |
| Feb 9, 2026 | — | -1.9% | -4.0% | -10.3% | +3.7% |
| Nov 10, 2025 | — | +4.4% | +7.6% | -9.4% | -4.5% |
| Aug 7, 2025 | — | +1.7% | +16.0% | +39.4% | +37.3% |
| Jun 12, 2025 | — | -0.4% | -3.2% | -3.0% | +32.6% |
| Feb 7, 2025 | — | -0.2% | -0.5% | -8.2% | +3.1% |
| Nov 12, 2024 | — | -1.3% | -6.7% | +16.1% | +13.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $1.79 | — | — | $240.0M |
| Jun 11, 2026 | $1.30 | — | — | $191.8M |
| Feb 9, 2026 | $0.43 | — | — | $168.0M |
| Nov 10, 2025 | $0.32 | — | — | $152.4M |
| Aug 7, 2025 | $0.71 | — | — | $134.8M |
| Jun 12, 2025 | $0.76 | — | — | $129.2M |
| Feb 7, 2025 | -$0.17 | — | — | $94.1M |
| Nov 12, 2024 | -$0.10 | — | — | $106.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.7× | 8.9× | 67th | Top 6% |
| EV / EBITDA | 8.6× | — | — | Top 19% |
| EV / Sales | 0.52× | — | — | Top 4% |
| Free-cash-flow yield | -2.43% | — | — | Bottom 26% |
| Earnings yield | 9.35% | — | — | Top 6% |
P/E over the past five years
Range 2.1× – 23.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +85.6%
- Earnings per share growth (TTM)
- +219.3%
- Change in P/E multiple
- -23.5%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 114
- 50-day average slope (20 days)
- +7.8%
- 200-day average slope (20 days)
- +8.6%
- Distance from 50-day average
- -0.3%
- Distance from 200-day average
- +50.6%
- RSI (14)
- 51.2
- Relative volume
- 0.46×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 55.0%
- Volatility vs own 5-year history
- 63th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.12
- Correlation with S&P 500
- 0.30
- Current drawdown from 1-year high
- -14.6%
- Maximum drawdown, 3 years
- -30.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 24, 2021 | Jul 7, 2022 | -53.9% | 260 days | 262 days (Jul 24, 2023) |
| Aug 4, 2023 | Oct 30, 2023 | -46.6% | 60 days | 79 days (Feb 23, 2024) |
| Apr 26, 2024 | Nov 21, 2024 | -30.3% | 145 days | 192 days (Sep 2, 2025) |
| Sep 19, 2025 | Mar 13, 2026 | -25.1% | 120 days | 50 days (May 26, 2026) |
| Aug 17, 2026 | Sep 30, 2026 | -20.5% | 31 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $296.3M
- P/E (TTM)
- 10.7
- EPS, diluted (TTM)
- $3.84
- Revenue (TTM)
- $752.1M
- Dividend yield
- 0.49%
- 52-week range
- $16.55 – $48.77
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $285.2M | $547.5M | $516.3M | $444.6M | $646.9M |
| Gross profit | $41.0M | $70.0M | $72.4M | $45.5M | $86.5M |
| Operating income | $28.5M | $21.1M | $24.5M | $2.8M | $25.7M |
| Net income | $14.1M | $21.3M | $17.3M | $6.1M | $19.5M |
| EPS (diluted) | $2.04 | $2.91 | $2.39 | $0.87 | $2.76 |
| Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.8M | $94.1M | $129.2M | $134.8M | $152.4M | $168.0M | $191.8M | $240.0M |
| Net income | -$675,000 | -$1.2M | $5.3M | $5.0M | $2.2M | $3.0M | $9.2M | $12.5M |
| EPS (diluted) | -$0.10 | -$0.17 | $0.76 | $0.71 | $0.32 | $0.43 | $1.30 | $1.79 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | -$13.4M | $63.9M | $5.0M | -$4.4M | $8.5M |
| Capital expenditure | -$8.1M | -$16.5M | -$5.8M | -$5.0M | -$7.2M |
| Free cash flow | -$21.5M | $47.4M | -$813,000 | -$9.4M | $1.4M |
| Dividends paid | -$551,000 | -$589,000 | -$581,000 | -$1.1M | -$1.1M |
| Net share buybacks | -$538,000 | -$37,000 | -$5.2M | -$171,000 | -$10,000 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $5.0M
- Total assets
- $373.4M
- Total liabilities
- $209.3M
- Total debt
- $101.3M
- Net debt
- $96.3M
- Shareholders’ equity
- $164.2M
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 23, 2026 | $0.04 | Nov 13, 2026 |
| Jul 17, 2026 | $0.04 | Aug 7, 2026 |
| Apr 24, 2026 | $0.04 | May 22, 2026 |
| Jan 16, 2026 | $0.04 | Feb 13, 2026 |
| Oct 24, 2025 | $0.04 | Nov 14, 2025 |
| Jul 18, 2025 | $0.04 | Aug 8, 2025 |
| Apr 25, 2025 | $0.04 | May 23, 2025 |
| Jan 17, 2025 | $0.04 | Feb 14, 2025 |
Short interest
- Shares sold short
- 147,366
- Days to cover
- 2.34
- Change vs previous report
- +10.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Apr 26, 2000
- 21-for-20
- Apr 28, 1999
- 21-for-20
- Apr 29, 1998
- 21-for-20
- Apr 23, 1997
- 21-for-20
- Apr 24, 1996
- 21-for-20