
FRIEDMAN INDUSTRIES
FRDNASDAQTrading Snapshot
- Day Range
- $977.11 β $987.95
- 52-Week Range
- $16.00 β $45.88
- Volume
- $2.89B
- Avg Volume
- $3.27B
- Shares Outstanding
- 7.2M
- Next Earnings
- Oct 18, 2026
Fundamentals Snapshot
- Annual Revenue
- $647M
- Last Q Revenue
- $240M
- P/E Ratio
- 11.7
- P/S Ratio
- 0.4x
- EPS (TTM)
- $3.91
- Dividend Yield
- 0.35%
Why Investors Own FRD
- βHigh-growth profile β revenue up +7.8% YoY with expanding US Equity exposure.
- βHealthy economics β 74% gross margin and 24% free-cash-flow margin.
- βNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
Financial Trends
About FRIEDMAN INDUSTRIES
Friedman Industries, Inc. (FRD) is a U.S.-based company primarily involved in the processing and manufacturing of steel and pipe, as well as their distribution. The firm operates through two distinct divisions: Coil and Tubular. The Coil segment specializes in converting steel coils into flat sheet and plate steel, cut precisely to client specifications. It also resells steel coils and offers processing services for materials owned by customers, for which it charges a fee. This division serves approximately 230 customers, predominantly located in the central and southern United States, including steel distributors and manufacturers. These manufacturers utilize the steel to produce a wide array of products, such as steel buildings, railway carriages, barges, storage tanks, shipping containers, trailers, various component parts, and other fabricated steel goods. Meanwhile, the Tubular segment is dedicated to producing different types of pipes, including those for line applications, oil country purposes (OCTG), and structural uses. This segment's products are primarily sold to steel and pipe distributors through Friedman Industries' internal sales force. Friedman Industries, Incorporated was founded in 1965 and is headquartered in Longview, Texas.
Otter Score Breakdown
βAnalyst Price Target
βLatest News & Updates
FRIEDMAN INDUSTRIES tops quarterly estimates as demand accelerates
Revenue grew double digits with management guiding above consensus; margins continued to expand.
Analysts lift FRD price targets on improving margins
Several firms raised targets, citing stronger free cash flow and a healthier backlog.
FRIEDMAN INDUSTRIES announces new agreement to expand its footprint
The move broadens the companyβs reach and could add incremental revenue over the next year.