Friedman Industries, Incorporated (FRD) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
FRD Revenue Growth
Revenue Breakdown (FY 2025)
FRD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
FRD Revenue Analysis (2014–2025)
As of May 8, 2026, Friedman Industries, Incorporated (FRD) generated trailing twelve-month (TTM) revenue of $584.4 million, reflecting explosive growth of +78.6% year-over-year. The most recent quarter (Q3 2026) recorded $168.0 million in revenue, up 10.2% sequentially.
Looking at the longer-term picture, FRD's 5-year compound annual growth rate (CAGR) stands at +25.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $547.5 million in 2023.
Revenue diversification analysis shows FRD's business is primarily driven by Coil (91%), and Tubular (9%). With over half of revenue concentrated in Coil, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including ZEUS (-5.6% YoY), RS (+8.5% YoY), and SSD (+6.3% YoY), FRD has outperformed the peer group in terms of revenue growth. Compare FRD vs ZEUS →
FRD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FRDCurrent | $584M | +78.6% | +25.6% | 0.7% | |
 ZEUS | $1.9B | -5.6% | +4.2% | 2.5% | |
 RS | $14.3B | +8.5% | +10.2% | 7.2% | |
 SSD | $2.3B | +6.3% | +13.0% | 19.0% | |
 STLD | $18.2B | +10.4% | +13.6% | 8.1% | |
 NUE | $32.5B | +12.3% | +10.0% | 8.2% |
FRD Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $444.6M | -13.9% | $45.5M | 10.2% | $3.0M | 0.7% |
| 2024 | $516.3M | -5.7% | $72.4M | 14.0% | $24.5M | 4.7% |
| 2023 | $547.5M | +92.0% | $70.0M | 12.8% | $21.1M | 3.8% |
| 2022 | $285.2M | +126.2% | $41.0M | 14.4% | $28.5M | 10.0% |
| 2021 | $126.1M | -11.3% | $23.6M | 18.7% | $15.7M | 12.5% |
| 2020 | $142.1M | -24.1% | $2.6M | 1.8% | $-6,857,462 | -4.8% |
| 2019 | $187.2M | +54.5% | $12.9M | 6.9% | $6.4M | 3.4% |
| 2018 | $121.2M | +55.8% | $8.3M | 6.8% | $4.0M | 3.3% |
| 2017 | $77.8M | -4.7% | $-191,622 | -0.2% | $-4,209,821 | -5.4% |
| 2016 | $81.6M | -24.6% | $4.7M | 5.7% | $23K | 0.0% |
See FRD's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs FRD Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare FRD vs LIN
Side-by-side business, growth, and profitability comparison vs Linde plc.
Start ComparisonFRD — Frequently Asked Questions
Quick answers to the most common questions about buying FRD stock.
Is FRD's revenue growth accelerating or slowing?
FRD revenue is accelerating at +78.6% year-over-year, exceeding the 5-year CAGR of +25.6%. TTM revenue reached $584M. Growth momentum has increased versus prior periods.
What is FRD's long-term revenue growth rate?
Friedman Industries, Incorporated's 5-year revenue CAGR of +25.6% reflects the sustained expansion pattern. Current YoY growth of +78.6% is above this long-term average.
How is FRD's revenue distributed by segment?
FRD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.