Friedman Industries, Incorporated (FRD) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Steel
EV/EBITDA
↑
31.01
↑+283% vs avg
5yr avg: 8.09
30Y Low0.7·High23.7
P/FCF
↓
N/A
—
5yr avg: 8.32
30Y Low1.4·High58.0
P/B Ratio
↓
1.10
↑+33% vs avg
5yr avg: 0.83
30Y Low0.5·High1.8
ROE
↓
4.7%
↑-70% vs avg
5yr avg: 15.5%
30Y Low-8%·High27%
Debt/EBITDA
↑
7.97
↑+239% vs avg
5yr avg: 2.35
30Y Low0.0·High8.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FRD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Friedman Industries, Incorporated trades at 24.2x earnings, 217% above its 5-year average of 7.6x, sitting at the 86th percentile of its historical range. Compared to the Basic Materials sector median P/E of 22.9x, the stock trades at a premium of 6%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $150M | $103M | $135M | $83M | $58M | $57M | $31M | $54M | $41M | $44M | $37M |
| Enterprise Value | $196M | $150M | $175M | $115M | $75M | $51M | $14M | $42M | $37M | $43M | $34M |
| P/E Ratio → | 24.18 | 17.11 | 7.84 | 3.90 | 4.32 | 4.96 | — | 10.51 | 15.05 | — | 135.50 |
| P/S Ratio | 0.34 | 0.23 | 0.26 | 0.15 | 0.20 | 0.45 | 0.22 | 0.29 | 0.34 | 0.57 | 0.45 |
| P/B Ratio | 1.10 | 0.78 | 1.06 | 0.72 | 0.73 | 0.87 | 0.46 | 0.74 | 0.65 | 0.73 | 0.58 |
| P/FCF | — | — | — | 1.75 | — | 14.89 | 4.90 | 6.09 | 14.21 | — | 40.87 |
| P/OCF | — | — | 27.04 | 1.30 | — | 6.75 | 2.75 | 5.58 | 12.68 | — | 12.18 |
P/E links to full P/E history page with 30-year chart
FRD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Friedman Industries, Incorporated's enterprise value stands at 31.0x EBITDA, 283% above its 5-year average of 8.1x. The Basic Materials sector median is 11.4x, placing the stock at a 172% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.34 | 0.34 | 0.21 | 0.26 | 0.40 | 0.10 | 0.22 | 0.31 | 0.55 | 0.42 |
| EV / EBITDA | 31.01 | 23.71 | 6.34 | 4.86 | 2.50 | 3.03 | — | 5.45 | 6.87 | — | 20.07 |
| EV / EBIT | 64.55 | 14.11 | 6.63 | 3.77 | 2.61 | 3.22 | — | 6.15 | 6.40 | — | 85.42 |
| EV / FCF | — | — | — | 2.42 | — | 13.29 | 2.28 | 4.77 | 12.81 | — | 37.76 |
FRD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Friedman Industries, Incorporated earns an operating margin of 0.7%, below the Basic Materials sector average of 9.8%. Operating margins have compressed from 3.8% to 0.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.7% is modest. ROIC of 1.3% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.2% | 10.2% | 14.0% | 12.8% | 14.4% | 18.7% | 1.8% | 6.9% | 6.8% | -0.2% | 5.7% |
| Operating Margin | 0.7% | 0.7% | 4.7% | 3.8% | 10.0% | 12.5% | -4.8% | 3.4% | 3.3% | -5.4% | 0.0% |
| Net Profit Margin | 1.4% | 1.4% | 3.4% | 3.9% | 4.9% | 9.1% | -3.7% | 2.7% | 2.3% | -3.4% | 0.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.7% | 4.7% | 14.3% | 21.9% | 19.4% | 17.3% | -7.5% | 7.5% | 4.5% | -4.3% | 0.5% |
| ROA | 2.7% | 2.7% | 8.1% | 11.9% | 11.1% | 13.2% | -6.4% | 6.3% | 4.0% | -4.1% | 0.4% |
| ROIC | 1.3% | 1.3% | 11.7% | 13.0% | 27.6% | 21.5% | -9.3% | 8.0% | 5.1% | -5.3% | 0.0% |
| ROCE | 1.7% | 1.7% | 14.9% | 16.7% | 34.7% | 23.5% | -9.6% | 9.3% | 6.5% | -6.7% | 0.0% |
FRD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Friedman Industries, Incorporated carries a Debt/EBITDA ratio of 8.0x, which is highly leveraged (203% above the sector average of 2.6x). Net debt stands at $47M ($50M total debt minus $4M cash). Interest coverage of just 1.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.34 | 0.30 | 0.24 | 0.03 | 0.01 | — | — | — | — |
| Debt / EBITDA | 7.97 | 7.97 | 1.56 | 1.46 | 0.63 | 0.12 | — | — | — | — | — |
| Net Debt / Equity | — | 0.35 | 0.32 | 0.27 | 0.20 | -0.09 | -0.25 | -0.16 | -0.06 | -0.02 | -0.04 |
| Net Debt / EBITDA | 7.39 | 7.39 | 1.46 | 1.33 | 0.54 | -0.37 | — | -1.51 | -0.75 | — | -1.65 |
| Debt / FCF | — | — | — | 0.66 | — | -1.61 | -2.63 | -1.32 | -1.40 | — | -3.10 |
| Interest Coverage | 1.03 | 1.03 | 7.98 | 9.50 | 111.84 | 638.75 | -1426.85 | 363.81 | 145.17 | — | — |
FRD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Friedman Industries, Incorporated's current ratio of 4.34x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.38x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.19x to 4.34x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.34 | 4.34 | 3.14 | 3.19 | 2.06 | 2.67 | 6.76 | 6.02 | 5.44 | 19.28 | 17.34 |
| Quick Ratio | 1.38 | 1.38 | 1.00 | 1.27 | 0.94 | 1.43 | 3.06 | 2.05 | 1.99 | 4.46 | 2.71 |
| Cash Ratio | 0.10 | 0.10 | 0.05 | 0.07 | 0.04 | 0.28 | 1.77 | 0.94 | 0.37 | 0.62 | 0.98 |
| Asset Turnover | — | 1.96 | 2.24 | 2.75 | 1.79 | 1.33 | 1.83 | 2.16 | 1.63 | 1.23 | 1.22 |
| Inventory Turnover | 3.51 | 3.51 | 3.83 | 5.54 | 3.59 | 2.85 | 3.91 | 3.55 | 2.97 | 2.23 | 1.83 |
| Days Sales Outstanding | — | 38.98 | 33.46 | 32.91 | 45.65 | 58.98 | 30.07 | 25.71 | 52.60 | 41.96 | 21.56 |
FRD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Friedman Industries, Incorporated returns 0.9% to shareholders annually — split between a 0.8% dividend yield and 0.1% buyback yield. The payout ratio of 18.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 1.1% | 0.4% | 0.7% | 0.9% | 1.0% | 2.7% | 2.2% | 0.7% | 0.6% | 0.7% |
| Payout Ratio | 18.3% | 18.3% | 3.3% | 2.8% | 3.9% | 4.9% | — | 23.4% | 10.2% | — | 92.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 5.8% | 12.8% | 25.7% | 23.2% | 20.1% | — | 9.5% | 6.6% | — | 0.7% |
| FCF Yield | — | — | — | 57.0% | — | 6.7% | 20.4% | 16.4% | 7.0% | — | 2.4% |
| Buyback Yield | 0.1% | 0.2% | 3.8% | 0.0% | 0.9% | 3.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.9% | 1.2% | 4.3% | 0.8% | 1.9% | 4.0% | 2.7% | 2.2% | 0.7% | 0.6% | 0.7% |
| Shares Outstanding | — | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M |
Peer Comparison
Compare FRD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FRDYou | $150M | 24.2 | 31.0 | — | 10.2% | 0.7% | 4.7% | 1.3% | 8.0 |
 ZEUS | $533M | 24.3 | 10.6 | 127.1 | 23.2% | 2.5% | 4.1% | 4.3% | 4.0 |
 RS | $19B | 26.9 | 16.2 | 38.3 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
 SSD | $8B | 23.6 | 15.3 | 27.2 | 45.9% | 19.0% | 18.0% | 15.9% | 0.9 |
 STLD | $35B | 30.3 | 19.0 | 69.9 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 NUE | $53B | 31.1 | 14.1 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 CMC | $8B | 97.5 | 10.3 | 25.7 | 15.6% | 6.7% | 2.0% | 8.5% | 1.7 |
 CLF | $6B | -3.7 | — | — | -4.6% | -7.5% | -22.4% | -7.5% | — |
 WOR | $3B | 29.1 | 28.8 | 17.3 | 27.6% | 4.3% | 10.5% | 3.8% | 3.3 |
 CAT | $431B | 49.2 | 34.5 | 42.0 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $160B | 32.0 | 20.3 | 49.6 | 36.5% | 18.8% | 19.3% | 7.7% | 6.0 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonFRD — Frequently Asked Questions
Quick answers to the most common questions about buying FRD stock.
What is Friedman Industries, Incorporated's P/E ratio?
Friedman Industries, Incorporated's current P/E ratio is 24.2x. The historical average is 19.9x. This places it at the 86th percentile of its historical range.
What is Friedman Industries, Incorporated's EV/EBITDA?
Friedman Industries, Incorporated's current EV/EBITDA is 31.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.0x.
What is Friedman Industries, Incorporated's ROE?
Friedman Industries, Incorporated's return on equity (ROE) is 4.7%. The historical average is 10.3%.
Is FRD stock overvalued?
Based on historical data, Friedman Industries, Incorporated is trading at a P/E of 24.2x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Friedman Industries, Incorporated's dividend yield?
Friedman Industries, Incorporated's current dividend yield is 0.76% with a payout ratio of 18.3%.
What are Friedman Industries, Incorporated's profit margins?
Friedman Industries, Incorporated has 10.2% gross margin and 0.7% operating margin.
How much debt does Friedman Industries, Incorporated have?
Friedman Industries, Incorporated's Debt/EBITDA ratio is 8.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.