What is Friedman Industries's gross profit?

Friedman Industries (FRD) reported gross profit of -$3.6M in Q4 2021.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Friedman Industries FRD Gross Profit

Discontinued — last reported Q3 '22

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EAF

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——

Other financials

Income statement

See full

Revenue$191.8M+48.4%

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

Calculated from Friedman Industries’s reported figures.

$51.7Mtotal revenue−$55.3Mtotal cost of revenue=-$3.6M

The official record: Friedman Industries’s 10-Q, filed February 14, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Friedman Industries's gross profit?: Friedman Industries (FRD) reported gross profit of -$3.6M in Q4 2021.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.