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Friedman Industries FRD Tubular — Operating Income

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Other financials

Income statement

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Revenue$191.8M+48.4%
Gross profit-$3.6M
Operating income-$5.7M
Net income$4.9M+221%
EPS (diluted)-$0.43

Balance sheet

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Cash & equivalents$2.5M-33.5%
Total debt$8.3M+186%
Total equity$151.5M+14.4%
Total assets$336.8M+48.5%

Cash flow

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Operating cash flow$2.1M+293%
CapEx$1.8M+78.9%
Free cash flow$344.8K+116%

Valuation

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Market cap$228.72M+107%
Enterprise value$234.61M+111%
P/E11.7×0.0×
P/S0.4×+0.1×

Profitability

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Net margin3%+1.7pp
FCF margin0.2%+0.1pp

Returns & leverage

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Return on equity13.8%+9.1pp
Debt / equity0.1×0.0×
Current ratio3.4×-1.0×

Where this comes from

Reported directly by Friedman Industries in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Friedman Industries’s 10-K, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Friedman Industries's tubular — operating income?
Friedman Industries (FRD) reported tubular — operating income of $1.96M in Q1 2026.
What is the long-term trend for Friedman Industries's tubular — operating income?
Over 2 years (2023 to 2026), Friedman Industries's tubular — operating income has grown at a -19.7% compound annual growth rate (CAGR), from $8.64M to $5.58M.
What does tubular — operating income mean?
This metric represents the profit or loss generated by the Tubular segment after deducting all operating expenses, including cost of goods sold and allocated administrative costs, from segment revenue. It provides a clear view of the segment's core business performance and its contribution to the company's overall profitability. Investors use this to evaluate the segment's ability to generate sustainable returns from its operations.