FRIEDMAN INDUSTRIES INCFRDEarnings & Financial Report
Hellman & Friedman (H&F) is an American private equity firm founded in 1984 by Warren Hellman and Tully Friedman that makes investments primarily through leveraged buyouts as well as growth capital investments. It has focused its efforts on several core target industries including media, financial services, professional services and information services.
Revenue
$114.6M
Gross Profit
$-1.4M
Operating Profit
$-1.4M
Net Profit
$2.6M
Gross Margin
-1.2%
Operating Margin
-1.2%
Net Margin
2.2%
YoY Growth
-16.6%
EPS
$0.37
Financial Flow
FRIEDMAN INDUSTRIES INC Q1 2025 Financial Summary
FRIEDMAN INDUSTRIES INC reported revenue of $114.6M (down 16.6% YoY) for Q1 2025, with a net profit of $2.6M (down 66.6% YoY) (2.2% margin). Cost of goods sold was $115.9M.
Key Financial Metrics
| Total Revenue | $114.6M |
|---|---|
| Net Profit | $2.6M |
| Gross Margin | -1.2% |
| Operating Margin | -1.2% |
| Report Period | Q1 2025 |
Revenue Breakdown
FRIEDMAN INDUSTRIES INC Q1 2025 revenue of $114.6M breaks down across 3 segments, led by Prime Coil at $101.8M (88.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Prime Coil | $101.8M | 88.9% |
| Manufactured Pipe | $11.2M | 9.7% |
| Customer Owned | $1.6M | 1.4% |
FRIEDMAN INDUSTRIES INC Revenue by Segment — Quarterly Trend
FRIEDMAN INDUSTRIES INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Prime Coil and Manufactured Pipe) has evolved quarter over quarter.
| Segment | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 |
|---|---|---|---|---|
| Prime Coil | $152.0M | $141.7M | $122.8M | — |
| Manufactured Pipe | $14.9M | $9.0M | $10.7M | — |
| Customer Owned | $1.1M | $1.6M | $1.2M | — |
FRIEDMAN INDUSTRIES INC Annual Revenue by Year
FRIEDMAN INDUSTRIES INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $569.7M).
| Year | Annual Revenue |
|---|---|
| 2025 | $569.7M |
| 2024 | $452.7M |
| 2023 | $545.8M |
| 2022 | $489.3M |
FRIEDMAN INDUSTRIES INC Quarterly Revenue & Net Profit History
FRIEDMAN INDUSTRIES INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2026 | $168.0M | +78.6% | $3.0M | 1.8% |
| Q2 2026 | $152.4M | +42.7% | $2.2M | 1.5% |
| Q1 2026 | $134.8M | +17.7% | $5.0M | 3.7% |
| Q4 2025 | $168.0M | +78.6% | $3.0M | 1.8% |
| Q3 2025 | $152.4M | +42.7% | $2.2M | 1.5% |
| Q2 2025 | $134.8M | +17.7% | $5.0M | 3.7% |
| Q1 2025 | $114.6M | -16.6% | $2.6M | 2.2% |
| Q4 2024 | $94.1M | -18.9% | $-1.2M | -1.2% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $94.1M | $114.6M | $134.8M | $152.4M | $168.0M | $134.8M | $152.4M | $168.0M |
| YoY Growth | -18.9% | -16.6% | 17.7% | 42.7% | 78.6% | 17.7% | 42.7% | 78.6% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $210.3M | $222.8M | $219.1M | $311.3M | $311.9M | $219.1M | $311.3M | $311.9M |
| Liabilities | $82.9M | $93.1M | $81.8M | $172.0M | $169.6M | $81.8M | $172.0M | $169.6M |
| Equity | $127.3M | $129.7M | $137.3M | $139.3M | $142.2M | $137.3M | $139.3M | $142.2M |
Cash Flow
| Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|
| Operating CF | $-6.1M | $15.5M | $15.5M | $434000 | $-4.7M |