Friedman Industries, Incorporated (FRD)

Friedman Industries Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	510.45	444.6	516.25	547.54	285.24	126.1
Revenue Growth (YoY)	8.72%	-13.88%	-5.71%	91.96%	126.19%	-11.26%
Cost of Revenue	448.09	399.13	443.83	477.57	244.25	102.52
Gross Profit	62.36	45.48	72.42	69.98	40.99	23.59
Selling, General & Admin	45.9	39.4	44.83	45.18	12.47	7.84
Operating Expenses	49.35	42.69	47.9	47.7	12.47	7.84
Operating Income	13.01	2.79	24.52	22.27	28.52	15.75
Interest Expense	-2.84	-2.95	-3.07	-2.22	-0.26	-0.02
Other Non Operating Income (Expenses)	3.17	7.6	1.87	9.33	-11.64	-0.5
EBT Excluding Unusual Items	13.34	7.44	23.31	29.39	16.62	15.22
Merger & Restructuring Charges	1.1	-	-	-1.2	-	-
Gain (Loss) on Sale of Assets	0.48	0.26	-	-	-	-
Other Unusual Items	-	-	-	-	1.71	-
Pretax Income	14.92	7.69	23.31	28.19	18.33	15.22
Income Tax Expense	3.46	1.61	5.97	6.85	4.27	3.8
Net Income	11.46	6.09	17.35	21.34	14.07	11.42
Preferred Dividends & Other Adjustments	0.11	0.02	0.18	0.33	0.54	0.49
Net Income to Common	11.35	6.06	17.17	21.02	13.52	10.93
Net Income Growth	42.66%	-64.92%	-18.74%	51.74%	23.12%	-
Shares Outstanding (Basic)	7	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7	7
Shares Change (YoY)	-0.73%	-3.33%	-0.45%	8.94%	-1.19%	-4.24%
EPS (Basic)	1.63	0.87	2.39	2.91	2.04	1.63
EPS (Diluted)	1.63	0.87	2.39	2.91	2.04	1.63
EPS Growth	43.48%	-63.60%	-17.87%	42.65%	25.15%	-
Free Cash Flow	0.45	-9.41	-0.81	47.44	-21.46	3.82
Free Cash Flow Per Share	0.07	-1.35	-0.11	6.57	-3.24	0.57
Dividend Per Share	0.160	0.160	0.100	0.080	0.080	0.080
Dividend Growth	14.29%	60.00%	25.00%	-	-	-20.00%
Gross Margin	12.22%	10.23%	14.03%	12.78%	14.37%	18.70%
Operating Margin	2.55%	0.63%	4.75%	4.07%	10.00%	12.49%
Profit Margin	2.22%	1.36%	3.33%	3.84%	4.74%	8.67%
Free Cash Flow Margin	0.09%	-2.12%	-0.16%	8.66%	-7.52%	3.03%
EBITDA	16.46	6.08	27.59	24.8	29.84	16.76
EBITDA Margin	3.23%	1.37%	5.34%	4.53%	10.46%	13.29%
D&A For EBITDA	3.46	3.29	3.07	2.53	1.32	1.01
EBIT	13.01	2.79	24.52	22.27	28.52	15.75
EBIT Margin	2.55%	0.63%	4.75%	4.07%	10.00%	12.49%
Effective Tax Rate	23.17%	20.90%	25.60%	24.28%	23.27%	24.95%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q