Friedman Industries, Incorporated (FRD)

Friedman Industries Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	444.6	516.25	547.54	285.24	126.1
Revenue Growth (YoY)	-13.88%	-5.71%	91.96%	126.19%	-11.26%
Cost of Revenue	399.13	443.83	477.57	244.25	102.52
Gross Profit	45.48	72.42	69.98	40.99	23.59
Selling, General & Admin	39.4	44.83	45.18	12.47	7.84
Operating Expenses	42.69	47.9	47.7	12.47	7.84
Operating Income	2.79	24.52	22.27	28.52	15.75
Interest Expense	-2.95	-3.07	-2.22	-0.26	-0.02
Other Non Operating Income (Expenses)	7.6	1.87	9.33	-11.64	-0.5
EBT Excluding Unusual Items	7.44	23.31	29.39	16.62	15.22
Merger & Restructuring Charges	-	-	-1.2	-	-
Gain (Loss) on Sale of Assets	0.26	-	-	-	-
Other Unusual Items	-	-	-	1.71	-
Pretax Income	7.69	23.31	28.19	18.33	15.22
Income Tax Expense	1.61	5.97	6.85	4.27	3.8
Net Income	6.09	17.35	21.34	14.07	11.42
Preferred Dividends & Other Adjustments	0.02	0.18	0.33	0.54	0.49
Net Income to Common	6.06	17.17	21.02	13.52	10.93
Net Income Growth	-64.92%	-18.74%	51.74%	23.12%	-
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change (YoY)	-3.33%	-0.45%	8.94%	-1.19%	-4.24%
EPS (Basic)	0.87	2.39	2.91	2.04	1.63
EPS (Diluted)	0.87	2.39	2.91	2.04	1.63
EPS Growth	-63.60%	-17.87%	42.65%	25.15%	-
Free Cash Flow	-9.41	-0.81	47.44	-21.46	3.82
Free Cash Flow Per Share	-1.35	-0.11	6.57	-3.24	0.57
Dividend Per Share	0.160	0.100	0.080	0.080	0.080
Dividend Growth	60.00%	25.00%	-	-	-20.00%
Gross Margin	10.23%	14.03%	12.78%	14.37%	18.70%
Operating Margin	0.63%	4.75%	4.07%	10.00%	12.49%
Profit Margin	1.36%	3.33%	3.84%	4.74%	8.67%
Free Cash Flow Margin	-2.12%	-0.16%	8.66%	-7.52%	3.03%
EBITDA	6.08	27.59	24.8	29.84	16.76
EBITDA Margin	1.37%	5.34%	4.53%	10.46%	13.29%
D&A For EBITDA	3.29	3.07	2.53	1.32	1.01
EBIT	2.79	24.52	22.27	28.52	15.75
EBIT Margin	0.63%	4.75%	4.07%	10.00%	12.49%
Effective Tax Rate	20.90%	25.60%	24.28%	23.27%	24.95%

Updated Jun 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q