FRD on Nasdaq

FRIEDMAN INDUSTRIES INC

FRIEDMAN INDUSTRIES INC is an American steel works based in Longview, incorporated in Texas.2 Its shares trade on Nasdaq under the symbol FRD.2

Price unavailable

Last updated Oct 20, 2026.

Overview

$444.6MRevenue, fiscal 20253
$6.1MNet income, fiscal 20253

Compare with Haynes International, INSTEEL INDUSTRIES INC or Gibraltar Industries, or pick any stock.

  • TickerFRD on Nasdaq2
  • IndustrySteel Works, Blast Furnaces & Rolling & Finishing Mills2
  • HeadquartersLongview, United States2
  • Incorporated inTX4
  • Business address1121 Judson Rd, Suite 124, Longview, Tx 756014
  • Filer categoryAccelerated filer, Smaller reporting company4
  • Legal formFor-Profit Corporation2
  • LEI549300VI5ADYNC8C3G472
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address211 E. 7th Street, Suite 620, 78701 Austin, United States2
  • Registered withCorporations Section (Texas Secretary of State), 00212240002

Friedman Industries, Incorporated (the “Company”), a Texas corporation incorporated in 1965, is a manufacturer and processor of metals and operates in two reportable segments: flat-roll products and tubular products. Significant financial information relating to the Company’s business segments for the last two years is contained in Note 12 of the Consolidated Financial Statements included in the Company’s Annual Report to Shareholders for the fiscal year ended March 31, 2026, which financial statements are incorporated herein by reference in Item 8 hereof.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.7%Operating margin3
1.4%Net margin3
-13.9%Revenue growth, 20253
4.6%Return on equity3
-$8.4MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Flat-roll brought in 92% of the revenue FRIEDMAN INDUSTRIES INC broke down this way in fiscal 2026.

  1. Flat-roll$596.1M692%up 47% from 2025
  2. Tubular$50.8M68%up 27% from 2025
Business segments by year
Business segments20252026
Flat-roll$404.6M$596.1M
Tubular$40.0M$50.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue94¢$441.8M
  • Selling, general and admin3¢$16.2M
  • Interest1¢$3.0M
  • Income tax0¢$1.6M
  • Profit1¢$6.1M

Out of $444.6M in revenue.3

Financial statements

Revenue7891011123$444.6M in 2025+267% since 2018
0$200.0M$400.0M$600.0M2018: $121.2M$121.2M20182019: $187.2M$187.2M2019+54%2020: $142.1M$142.1M2020−24%2021: $126.1M$126.1M2021−11%2022: $285.2M$285.2M2022+126%2023: $547.5M$547.5M2023+92%2024: $516.3M$516.3M2024−6%2025: $444.6M$444.6M2025−14%
Operating income13891011123$3.0M in 2025−47% since 2018
-$10.0M0$10.0M$20.0M$30.0M2018: $5.7M$5.7M20182019: $6.4M$6.4M2019+11%2020: -$6.9M-$6.9M20202021: $15.7M$15.7M20212022: $28.5M$28.5M2022+81%2023: $21.1M$21.1M2023−26%2024: $24.5M$24.5M2024+16%2025: $3.0M$3.0M2025−88%
Net income13891011123$6.1M in 2025+55% since 2018
-$10.0M0$10.0M$20.0M$30.0M2018: $3.9M$3.9M20182019: $5.1M$5.1M2019+30%2020: -$5.2M-$5.2M20202021: $11.4M$11.4M20212022: $14.1M$14.1M2022+23%2023: $21.3M$21.3M2023+52%2024: $17.3M$17.3M2024−19%2025: $6.1M$6.1M2025−65%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2026-03-312025-03-31
Net Sales$646.9M$444.6M
Cost of materials sold (excludes items shown separately below)$518.7M$365.6M
Processing and warehousing expense$41.7M$33.5M
Delivery expense$28.4M$23.2M
Selling, general and administrative$28.6M$16.2M
Depreciation and amortization$3.8M$3.3M
Costs and Expenses$621.3M$441.8M
Gain on disposal of property, plant and equipment$0$258.0K
EARNINGS FROM OPERATIONS$25.7M$3.0M
Fair value adjustment of contingent consideration$1.4M$0
Gain on economic hedges of risk$3.4M$7.6M
Interest expense-$4.1M-$3.0M
Other income (expense)-$7.0K$5.0K
EARNINGS BEFORE INCOME TAXES$26.4M$7.7M
Current$5.6M$1.4M
Deferred taxes$1.3M$221.0K
Provision for income taxes, amount$6.8M$1.6M
NET EARNINGS$19.5M$6.1M
Basic (in dollars per share)$2.76$0.87
Diluted (in dollars per share)$2.76$0.87
Cash dividends declared per common share (in dollars per share)$0.16$0.16

Compare FRIEDMAN INDUSTRIES INC with another company

Corporate structure

FRIEDMAN INDUSTRIES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FRIEDMAN INDUSTRIES INC

  • BlackRock Filed SCHEDULE 13G on FRIEDMAN INDUSTRIES INC, latest Jul 28, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on FRIEDMAN INDUSTRIES INC, latest Mar 26, 2026 (2 filings since Jul 29, 2025)
  • De Lisle Partners LLP Filed SCHEDULE 13G/A on FRIEDMAN INDUSTRIES INC, latest Feb 11, 2026 (4 filings since Feb 12, 2024)
  • Jeffrey L. Gendell Filed SCHEDULE 13G/A on FRIEDMAN INDUSTRIES INC, latest Feb 6, 2026 (5 filings since Dec 26, 2023)
  • RENAISSANCE TECHNOLOGIES LLC Filed SCHEDULE 13G/A on FRIEDMAN INDUSTRIES INC, latest Feb 13, 2025 (4 filings since Feb 11, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on FRIEDMAN INDUSTRIES INC, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • Mitsubishi Corporation Filed SC 13G/A on FRIEDMAN INDUSTRIES INC, latest Dec 21, 2023 (3 filings since May 9, 2022)
  • FRIEDMAN INDUSTRIES INC Longview, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FRIEDMAN INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$1.6M3 Mar 31, 2025$1.7M3 Mar 31, 2024−5.9%
Buildings and improvements$30.4M3 Mar 31, 2025$30.9M3 Mar 31, 2024−1.6%
Machinery and equipment$58.0M3 Mar 31, 2025$53.6M3 Mar 31, 2024+8.1%
Construction in progress$135.0K3 Mar 31, 2025$2.0M3 Mar 31, 2024−93.2%
Accumulated depreciation$33.8M3 Mar 31, 2025$31.4M3 Mar 31, 2024+7.7%
Property and equipment, net$56.3M3 Mar 31, 2025$56.8M3 Mar 31, 2024−0.9%
Finance-lease assets$378.0K3 Mar 31, 2025$404.0K3 Mar 31, 2024−6.4%
Operating-lease assets (leased space)$2.8M3 Mar 31, 2025$2.8M3 Mar 31, 20240%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.7M3 Mar 31, 2025$2.9M3 Mar 31, 2024+27.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$113.7M3 Mar 31, 2025$115.8M3 Mar 31, 2024−1.8%

Properties, in its own words

The principal real properties of the Company are described in the following table:

Location · Approximate Size · Ownership

The rest of Item 2

Lone Star, Texas

Plant — Texas Tubular Products · 118,260 sq. feet · Owned(1)

Offices — Texas Tubular Products · 10,500 sq. feet · Owned(1)

Land — Texas Tubular Products · 81.7 acres · Owned(1)

Longview, Texas

Offices — Administrative · 5,100 sq. feet · Leased(2)

Hickman, Arkansas

Plant and Warehouse — Flat Roll Products · 64,600 sq. feet · Owned(1)

Offices — Flat Roll Products · 2,500 sq. feet · Owned(1)

Land — Flat Roll Products · 26.2 acres · Owned(1)

Decatur, Alabama

Plant and Warehouse — Flat Roll Products · 48,000 sq. feet · Owned(1)

Offices — Flat Roll Products · 2,000 sq. feet · Owned(1)

Land — Flat Roll Products · 47.3 acres · Owned(1)

Sinton, Texas

Plant and Warehouse — Flat Roll Products · 70,000 sq. feet · Leasehold Improvement (3)

Offices — Flat Roll Products · 3,100 sq. feet · Leasehold Improvement (3)

Land — Flat Roll Products · 26.5 acres · Leased (3)

East Chicago, Indiana

Plant and Warehouse — Flat Roll Products · 150,900 sq. feet · Owned (1)

Offices — Flat Roll Products · 3,200 sq. feet · Owned (1)

Land — Flat Roll Products · 5.0 acres · Owned (1)

Granite City, Illinois

Plant and Warehouse — Flat Roll Products · 321,000 sq. feet · Leasehold Improvement (4)

Offices — Flat Roll Products · 4,400 sq. feet · Leasehold Improvement (4)

Land — Flat Roll Products · 31.1 acres · Leased (4)

Miami Gardens, Florida

Plant and Warehouse — Flat Roll Products · 91,100 sq. feet · Owned (1)

Offices — Flat Roll Products · 10,300 sq. feet · Owned (1)

Land — Flat Roll Products · 3.9 acres · Owned (1)

Orlando, Florida

Distribution Warehouse — Flat Roll Products · 27,100 sq. feet · Leased (5)

Offices · 3,000 sq. feet · Leased (5)

Tampa, Florida

Storage Warehouse — Flat Roll Products · 32,240 sq. feet · Leased (6)

The Woodlands, Texas

Offices — Administrative · 5,000 sq. feet · Leased (7)

(1) · All of the Company’s owned real properties, plants and offices are held in fee and are not subject to any mortgage or deed of trust.

(2) · The office lease is with a non-affiliated party, expires on April 30, 2027, and requires a monthly rental payment of approximately $5,000.

(3) · The associated lease is a 99 year lease with Steel Dynamics Inc. that calls for an annual rental payment of $1 and has an expiration date of February 19, 2120.

(4) · The associated lease is with America's Central Port District. The lease expires on August 31, 2028 and requires a monthly rental payment of approximately $13,300.

(5) · The lease is with a non-affiliated party, expires on July 31, 2029, and requires a monthly rental payment of approximately $25,000.

(6) · The lease is with a non-affiliated party, expires on November 30, 2029, and requires a monthly rental payment of approximately $21,000.

(7) · The office lease is with a non-affiliated party, expires on February 28, 2029, requires a monthly rental payment of approximately $11,600 and a monthly payment of proportionate operating costs of approximately $4,800.

Item 2 of the 10-K filed Jun 11, 2026.5

Leadership

Who has led FRIEDMAN INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (12)

Timeline

  1. Sep 28, 20268-K Shareholder vote33
  2. Sep 10, 20268-K Entered a material agreement; New debt or obligation34
  3. Aug 6, 20268-K Results of operations35
  4. Jun 11, 20268-K Results of operations36
  5. Mar 17, 20268-K Regulation FD disclosure37
  6. Feb 9, 20268-K Results of operations38
  7. Dec 15, 20258-K Entered a material agreement; New debt or obligation39
  8. Nov 10, 20258-K Financial statements and exhibits40
  9. Nov 10, 20258-K Results of operations41
  10. Sep 23, 20258-K Shareholder vote42
  11. Sep 3, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation43
  12. Aug 7, 20258-K Results of operations44
  13. Dec 19, 2006New chief executive William E. Crow becomes CEO17
  14. Mar 29, 1965Founded FRIEDMAN INDUSTRIES INC is founded2

Calendar

Coming up

  1. Oct 23, 2026Dividend Ex-dividend; $0.04 a share; paid 2026-11-13.45
  2. Nov 9, 2026Reports results for the quarter ending Sep/202646

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results35
  2. Jun 11, 2026Reported quarterly or annual results36
  3. Feb 9, 2026Reported quarterly or annual results38
  4. Nov 10, 2025Reported quarterly or annual results41
  5. Aug 7, 2025Reported quarterly or annual results44
  6. Jun 12, 2025Reported quarterly or annual results47
  7. Feb 7, 2025Reported quarterly or annual results48
  8. Nov 12, 2024Reported quarterly or annual results49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

201 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 46 major events, 95 insider forms, 22 large holders, 17 other. The latest 20:

  1. Sep 28, 20268-K EDGAR
  2. Sep 10, 20268-K EDGAR
  3. Aug 6, 20268-K EDGAR
  4. Aug 6, 202610-Q EDGAR
  5. Jul 28, 2026SCHEDULE 13G EDGAR
  6. Jul 28, 2026DEF 14A EDGAR
  7. Jul 16, 2026PRE 14A EDGAR
  8. Jun 22, 20264 EDGAR
  9. Jun 22, 20264 EDGAR
  10. Jun 22, 20264 EDGAR
  11. Jun 11, 20268-K EDGAR
  12. Jun 11, 202610-K EDGAR
  13. Mar 26, 2026SCHEDULE 13G/A EDGAR
  14. Mar 19, 20264 EDGAR
  15. Mar 17, 20268-K EDGAR
  16. Mar 11, 20264 EDGAR
  17. Mar 5, 20264 EDGAR
  18. Feb 25, 20264 EDGAR
  19. Feb 23, 20264 EDGAR
  20. Feb 20, 20264 EDGAR

The 201 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

60 open-market trades by officers, directors and large owners since October 2021: 59 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 18, 2026Chhibbar GauravChief Operating OfficerBuy400$16.94$6.8KForm 4
Mar 9, 2026Taylor Mike JPresident / CEO / DirectorBuy500$18.00$9.0KForm 4
Mar 3, 2026Taylor Mike JPresident / CEO / DirectorBuy400$18.00$7.2KForm 4
Feb 23, 2026Taylor Mike JPresident / CEO / DirectorBuy100$18.00$1.8KForm 4
Feb 19, 2026Chhibbar GauravChief Operating OfficerBuy1,000$18.35$18.4KForm 4
Feb 18, 2026Taylor Mike JPresident / CEO / DirectorBuy600$18.75$11.2KForm 4
Dec 2, 2025Taylor Mike JPresident / CEO / DirectorBuy500$18.74$9.4KForm 4
Dec 1, 2025Scott Sandra KayDirectorBuy500$20.27$10.1KForm 4
Nov 28, 2025Scott Sandra KayDirectorBuy500$20.05$10.0KForm 4
Nov 24, 2025Taylor Mike JPresident / CEO / DirectorBuy1,000$19.47$19.5KForm 4
Nov 21, 2025Taylor Mike JPresident / CEO / DirectorBuy1,000$19.28$19.3KForm 4
Feb 11, 2025Stevenson Tim ScottDirectorBuy1,500$17.23$25.8KForm 4
Jan 29, 2025Scott Sandra KayDirectorBuy500$14.34$7.2KForm 4
Jan 28, 2025Scott Sandra KayDirectorBuy500$14.23$7.1KForm 4
Jan 27, 2025Scott Sandra KayDirectorBuy700$14.21$9.9KForm 4
Jan 15, 2025Taylor Mike JPresident / CEO / DirectorBuy2,500$14.10$35.2KForm 4
Jan 14, 2025Taylor Mike JPresident / CEO / DirectorBuy520$14.50$7.5KForm 4
Jan 13, 2025Taylor Mike JPresident / CEO / DirectorBuy1,980$14.50$28.7KForm 4
Nov 21, 2024Taylor Mike JPresident / CEO / DirectorBuy2,000$13.50$27.0KForm 4
Nov 20, 2024Reichenthal Max AlanDirectorBuy2,000$13.72$27.4KForm 4

All 60 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Michael J. Taylor$750.0K$2.7M57
2026Gaurav Chhibbar$263.9K$2.5M57
2026Alex LaRue$265.4K$870.4K57
2025President & Chief Executive Officer$662.5K$700.7K57
2025Chief Financial Officer — Secretary & Treasurer$261.2K$365.7K57

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 82. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Dimensional Fund Advisors LP543,631$17.5M0.0%+1,938
De Lisle Partners LLP404,845$12.9M1.4%−14,971
BlackRock, Inc.394,898$12.7M0.0%+66,405
Gendell Jeffrey L354,576$11.4M0.1%No change
Vanguard Capital Management LLC305,664$9.8M0.0%+17,182
Renaissance Technologies LLC297,882$9.6M0.0%−33,400
Geode Capital Management, LLC172,848$5.6M0.0%+13,348
Truffle Hound Capital, LLC116,551$3.8M2.4%−33,449
State Street Corp97,452$3.1M0.0%+14,177
Morgan Stanley91,338$2.9M0.0%−5,452
Bridgeway Capital Management, LLC85,757$2.8M0.0%−34,098
Mink Brook Asset Management LLC84,171$2.7M1.2%−78,729
Bank of New York Mellon Corp61,835$2.0M0.0%+2,802
Northern Trust Corp53,573$1.7M0.0%−3,586
Goldman Sachs Group Inc49,614$1.6M0.0%+22,930
Empowered Funds, LLC47,857$1.5M0.0%+823
Vanguard Portfolio Management LLC45,857$1.5M0.0%+6,993
Vanguard Fiduciary Trust Co44,537$1.4M0.0%+1,987
O'shaughnessy Asset Management, LLC36,354$1.2M0.0%−8,771
Informed Momentum Co LLC31,040$998.9K0.1%New
Callahan Advisors, LLC29,819$959.6K0.1%−20,711
Bank Of America Corp /de/29,021$933.9K0.0%+19,021
Walleye Capital LLC25,969$835.7K0.0%New
Ritholtz Wealth Management25,677$826.3K0.0%−1,536
Quadrature Capital Ltd22,297$717.5K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How FRIEDMAN INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFRIEDMAN INDUSTRIES INC1
  • CIK0000039092
  • Employer ID (EIN)74-15044055
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inTexas5
  • Fiscal year endsMarch 311
  • Industry code (SIC)3310 Steel Works, Blast Furnaces & Rolling & Finishing Mills1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1121 Judson Rd, Suite 124, Longview, TX 756011
  • Mailing addressPo Box 2192, Longview, TX 756061
  • Phone90375834311
  • Shares outstanding7,212,791 as of Aug 6, 202616
  • Public float$146.7M as of Sep 30, 20255
  • AuditorBaker Tilly US LLP, Houston, Texas PCAOB ID 23; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceJun 29, 19951
  • Filings590 in all: 4 (197), 10-Q (94), 8-K (93), SC 13G/A (57), DEF 14A (32), 10-K (27), 3 (11), SC 13G (11)1
    All 29 form types

    SC 13D/A (9), SC 13D (6), SCHEDULE 13G/A (6), UPLOAD (6), 10-K405 (5), NT 10-Q (5), 8-K/A (4), PRE 14A (4), S-8 (4), SCHEDULE 13G (4), NT 10-K (3), 10-Q/A (2), CORRESP (2), 10-K/A (1), 25 (1), 5 (1), 8-A12B (1), CERT (1), DEFA14A (1), DEFR14A (1), NT 10-K/A (1)

  • Latest filingsAnnual report (10-K) Jun 11, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Jul 28, 2026
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1 Par ValueFRDNasdaq

From the cover page of the 10-K filed Jun 11, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

Legal proceedings

The Company is not, and during fiscal year 2026 was not, a party to, nor is its property the subject of, any material pending legal proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

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