# Friedman Industries Inc. (FRD) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Basic Materials / Metals & Mining. Price $45.60, market value $329 million.

## Valuation
- **P/E (trailing): 11.9×** (5-yr avg 7.8×, 3-yr avg 10.3×). Friedman Industries Inc. trades at 11.9× trailing earnings, well above its own five-year average of 7.8×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.0×**. Enterprise value is 11.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 3.2%** (5-yr avg 2.7%). Free cash flow equals 3.2% of the market value, in line with its five-year average of 2.7%.
- **Earnings yield: 8.4%**. The inverse of the P/E: 8.4% of the price is earned each year.

## Profitability
- **Operating margin: 5.0%**. 5.0% of revenue is left after running the business.
- **Net margin: 3.0%**. 3.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.9%**. 12.9% on shareholders' equity is solid.
- **Return on invested capital: 11.0%**. Return on all capital, debt included, is 11.0%.
- **Return on assets: 6.9%**. Each dollar of assets produces 6.9% of profit.

## Growth
- **Revenue growth (1 yr): 45.5%** (3-yr 5.7%/yr, 5-yr 38.7%/yr). Revenue grew 45.5% over the last year, against 38.7% a year compounded over five years.
- **EPS growth (1 yr): 217.2%** (3-yr -1.7%/yr, 5-yr 11.1%/yr). Earnings per share rose 217.2%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -69.3%/yr**. Free cash flow has compounded at -69.3% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.66**. Debt is 0.66 times equity, moderate leverage.
- **Net debt / EBITDA: 2.5×**. It would take 2.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 3.38** (quick 1.11). Current assets cover the next year's liabilities 3.38 times.
- **Altman Z-score: 4.51**. A Z-score of 4.51 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 0.35%** ($0.16 per share, trailing). Friedman Industries Inc. yields 0.35%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 6%** (11% of free cash flow). 6% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 14.9%/yr** (1-yr 14.3%). The dividend has compounded at 14.9% a year over five years, doubling roughly every 5 years at that pace.

## Price and momentum
- **Total return (1 yr): 117.1%** (YTD 123.7%, 3-mo 87.1%). The shares are up 117.1% over twelve months including dividends.
- **From 52-week high: -6.5%** (175.5% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 1.00** (volatility 58%). Beta of 1.00 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FRD · Page: https://foliofundamentals.com/stocks/frd

Not investment advice.