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Friedman Industries FRD Construction in progress

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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:ConstructionInProgressGross.

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 construction in progress?
Friedman Industries (FRD) reported construction in progress of $934K in Q1 2026.
How has Friedman Industries's construction in progress changed year-over-year?
Friedman Industries's construction in progress increased by 591.9% year-over-year, from $135K to $934K.
What is the long-term trend for Friedman Industries's construction in progress?
Over 5 years (2021 to 2026), Friedman Industries's construction in progress has grown at a 149.7% compound annual growth rate (CAGR), from $9.61K to $934K.
What does construction in progress mean?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.