Friedman Industries, Incorporated (FRD) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	752.1M	646.9M	444.6M	516.3M	547.5M
Cost of Revenue	651.7M	560.4M	399.1M	443.8M	477.6M
Gross Profit	100.4M	86.5M	45.5M	72.4M	70.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	43.4M	28.6M	16.2M	44.8M	46.4M
General & Admin Expense	10.8M	—	—	21.0M	21.9M
Selling & Marketing Expense	9.4M	—	—	23.8M	24.5M
Other Expenses	17.4M	32.2M	26.5M	3.1M	2.5M
Total Operating Expenses	60.8M	60.8M	42.7M	47.9M	48.9M
Cost and Expenses	712.5M	621.3M	441.8M	491.7M	526.5M
Operating Income (EBIT)	39.6M	25.7M	2.8M	24.5M	21.1M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	4.7M	4.1M	3.0M	3.1M	2.2M
Net Interest Income	(4.7M)	(4.1M)	(3.0M)	(3.1M)	(2.2M)
Other Non-Op Income/Expense	(2.9M)	721.0K	4.9M	(1.2M)	7.1M
Non-Operating Income (excl Interest)	(1.7M)	(4.8M)	(7.9M)	(1.9M)	(9.3M)
EBT (Pre-Tax Income)	36.7M	26.4M	7.7M	23.3M	28.2M
Income Tax Expense	9.4M	6.8M	1.6M	6.0M	6.8M
Bottom Line
Net Income	27.0M	19.5M	6.1M	17.3M	21.3M
Earnings from Cont. Ops	27.3M	19.5M	6.1M	17.3M	21.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	26.8M	19.2M	6.1M	17.2M	21.3M
Per Share
Basic EPS	$3.84	$2.76	$0.87	$2.39	$2.91
Diluted EPS	$3.84	$2.76	$0.87	$2.39	$2.91
Revenue Per Share	$107.71	$92.87	$64.02	$71.86	$74.65
Shares
Basic Shares Outstanding	7.0M	7.0M	6.9M	7.2M	7.3M
Diluted Shares Outstanding	7.0M	7.0M	6.9M	7.2M	7.3M
Profitability Metrics
EBITDA	45.4M	34.3M	13.9M	29.5M	32.9M
D&A	4.0M	3.8M	3.3M	3.1M	2.5M
EBIT	41.4M	30.5M	10.6M	26.4M	30.4M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026