Friedman Industries (FRD)

Basic Materials · Steel
$41.98 +0.31% on the day Market cap $282M 52-week range $16.55 to $48.77 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Friedman Industries's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

F

Five factors scored 1 to 9 from FRD's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation5
Profitability3
Growth0
Financial health5
Cash efficiency0

Results from SEC filings

Fiscal years, from Friedman Industries's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$126M$285M$548M$516M$445M
Net income$11M$14M$21M$17M$6M
Free cash flow$4M-$21M$47M-$813,000-$8M
EPS (diluted)$1.63$2.04$2.91$2.39$0.87
Operating margin12.5%10.0%3.8%4.7%0.68%

Where the revenue comes from

Revenue by segments, fiscal 2026. Every breakdown, year by year.

Flat-roll$596M92%
Tubular$51M8%

Superinvestors who own FRD

From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
New position $222,9750.0%Q2 2026

Insider buying

Open-market purchases by Friedman Industries's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.

DateInsiderSharesPriceValue
Mar 18, 2026 Gaurav Chhibbar
400$16.94$6,776
Mar 9, 2026 Mike J Taylor
500$18.00$9,000
Mar 3, 2026 Mike J Taylor
400$18.00$7,200
Feb 18, 2026 Mike J Taylor
600$18.75$11,250
Dec 1, 2025 Sandra Kay Scott
500$20.27$10,135
Nov 28, 2025 Sandra Kay Scott
500$20.05$10,025
Nov 24, 2025 Mike J Taylor
1,000$19.47$19,470
Nov 21, 2025 Mike J Taylor
1,000$19.28$19,280

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Friedman Industries insiders buying the stock?

8 open-market insider purchases of FRD in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Friedman Industries?

1 of the superinvestors Investingly tracks hold FRD in their latest 13F, including Cliff Asness.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.