Friedman Industries Inc. Common Stock (FRD) - Net Assets
Based on the latest financial reports, Friedman Industries Inc. Common Stock (FRD) has net assets worth $139.27 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($311.29 Million) and total liabilities ($172.02 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash efficiency ratio of Friedman Industries Inc. Common Stock to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $139.27 Million |
| % of Total Assets | 44.74% |
| Annual Growth Rate | 3.66% |
| 5-Year Change | 102.67% |
| 10-Year Change | 109.4% |
| Growth Volatility | 13.08 |
Friedman Industries Inc. Common Stock - Net Assets Trend (1986–2025)
This chart illustrates how Friedman Industries Inc. Common Stock's net assets have evolved over time, based on quarterly financial data. Explore Friedman Industries Inc. Common Stock long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Friedman Industries Inc. Common Stock (1986–2025)
The table below shows the annual net assets of Friedman Industries Inc. Common Stock from 1986 to 2025. For live valuation and market cap data, see Friedman Industries Inc. Common Stock market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $132.43 Million | +3.88% |
| 2024-03-31 | $127.47 Million | +10.43% |
| 2023-03-31 | $115.43 Million | +44.86% |
| 2022-03-31 | $79.69 Million | +21.96% |
| 2021-03-31 | $65.34 Million | -2.28% |
| 2020-03-31 | $66.87 Million | -7.75% |
| 2019-03-31 | $72.48 Million | +14.95% |
| 2018-03-31 | $63.05 Million | +4.47% |
| 2017-03-31 | $60.36 Million | -4.56% |
| 2016-03-31 | $63.24 Million | +0.03% |
| 2015-03-31 | $63.22 Million | -0.15% |
| 2014-03-31 | $63.31 Million | +0.56% |
| 2013-03-31 | $62.96 Million | -0.72% |
| 2012-03-31 | $63.42 Million | +7.85% |
| 2011-03-31 | $58.80 Million | +4.34% |
| 2010-03-31 | $56.36 Million | +0.43% |
| 2009-03-31 | $56.11 Million | +24.82% |
| 2008-03-31 | $44.96 Million | +6.76% |
| 2007-03-31 | $42.11 Million | +13.51% |
| 2006-03-31 | $37.10 Million | +4.93% |
| 2005-03-31 | $35.35 Million | +7.03% |
| 2004-03-31 | $33.03 Million | +5.71% |
| 2003-03-31 | $31.25 Million | +2.48% |
| 2002-03-31 | $30.49 Million | +0.37% |
| 2001-03-31 | $30.38 Million | +6.13% |
| 2000-03-31 | $28.62 Million | +4.46% |
| 1999-03-31 | $27.40 Million | +6.61% |
| 1998-03-31 | $25.70 Million | +12.72% |
| 1997-03-31 | $22.80 Million | +11.76% |
| 1996-03-31 | $20.40 Million | +9.09% |
| 1995-03-31 | $18.70 Million | +7.47% |
| 1994-03-31 | $17.40 Million | +5.45% |
| 1993-03-31 | $16.50 Million | +1.23% |
| 1992-03-31 | $16.30 Million | 0.00% |
| 1991-03-31 | $16.30 Million | +0.62% |
| 1990-03-31 | $16.20 Million | +3.18% |
| 1989-03-31 | $15.70 Million | +2.61% |
| 1988-03-31 | $15.30 Million | -54.33% |
| 1987-03-31 | $33.50 Million | +2.76% |
| 1986-03-31 | $32.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Friedman Industries Inc. Common Stock's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 521.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $101.25 Million | 76.46% |
| Common Stock | $8.88 Million | 6.70% |
| Other Components | $22.29 Million | 16.84% |
| Total Equity | $132.43 Million | 100.00% |
Friedman Industries Inc. Common Stock Competitors by Market Cap
The table below lists competitors of Friedman Industries Inc. Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prodia Widyahusada Tbk PT
JK:PRDA
|
$138.98 Million |
|
BingEx Ltd
NASDAQ:FLX
|
$139.05 Million |
|
Genovis AB (publ.)
ST:GENO
|
$139.06 Million |
|
ABOV Semiconductor Co. Ltd
KQ:102120
|
$139.06 Million |
|
Legacy Education Inc.
NYSE MKT:LGCY
|
$138.74 Million |
|
Betmakers Technology Group Ltd
AU:BET
|
$138.72 Million |
|
LEWAG Holding Aktiengesellschaft
F:KGR
|
$138.70 Million |
|
Curo Holdings Co. Ltd
KQ:051780
|
$138.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Friedman Industries Inc. Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 127,475,000 to 132,425,000, a change of 4,950,000 (3.9%).
- Net income of 6,085,000 contributed positively to equity growth.
- Dividend payments of 1,115,000 reduced retained earnings.
- Share repurchases of 171,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.08 Million | +4.6% |
| Dividends Paid | $1.11 Million | -0.84% |
| Share Repurchases | $171.00K | -0.13% |
| Other Changes | $151.00K | +0.11% |
| Total Change | $- | 3.88% |
Book Value vs Market Value Analysis
This analysis compares Friedman Industries Inc. Common Stock's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.37x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-03-31 | $5.80 | $19.52 | x |
| 1987-03-31 | $6.12 | $19.52 | x |
| 1988-03-31 | $2.81 | $19.52 | x |
| 1989-03-31 | $2.96 | $19.52 | x |
| 1990-03-31 | $2.58 | $19.52 | x |
| 1991-03-31 | $2.52 | $19.52 | x |
| 1992-03-31 | $2.64 | $19.52 | x |
| 1993-03-31 | $3.82 | $19.52 | x |
| 1994-03-31 | $4.03 | $19.52 | x |
| 1995-03-31 | $2.51 | $19.52 | x |
| 1996-03-31 | $2.74 | $19.52 | x |
| 1997-03-31 | $3.04 | $19.52 | x |
| 1998-03-31 | $3.36 | $19.52 | x |
| 1999-03-31 | $3.62 | $19.52 | x |
| 2000-03-31 | $3.79 | $19.52 | x |
| 2001-03-31 | $4.01 | $19.52 | x |
| 2002-03-31 | $4.03 | $19.52 | x |
| 2003-03-31 | $4.12 | $19.52 | x |
| 2004-03-31 | $4.32 | $19.52 | x |
| 2005-03-31 | $4.68 | $19.52 | x |
| 2006-03-31 | $5.18 | $19.52 | x |
| 2007-03-31 | $6.24 | $19.52 | x |
| 2008-03-31 | $6.63 | $19.52 | x |
| 2009-03-31 | $8.25 | $19.52 | x |
| 2010-03-31 | $8.29 | $19.52 | x |
| 2011-03-31 | $8.65 | $19.52 | x |
| 2012-03-31 | $9.33 | $19.52 | x |
| 2013-03-31 | $9.26 | $19.52 | x |
| 2014-03-31 | $9.31 | $19.52 | x |
| 2015-03-31 | $9.30 | $19.52 | x |
| 2016-03-31 | $9.30 | $19.52 | x |
| 2017-03-31 | $8.81 | $19.52 | x |
| 2018-03-31 | $9.00 | $19.52 | x |
| 2019-03-31 | $10.34 | $19.52 | x |
| 2020-03-31 | $9.55 | $19.52 | x |
| 2021-03-31 | $9.30 | $19.52 | x |
| 2022-03-31 | $12.03 | $19.52 | x |
| 2023-03-31 | $16.00 | $19.52 | x |
| 2024-03-31 | $17.75 | $19.52 | x |
| 2025-03-31 | $19.07 | $19.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Friedman Industries Inc. Common Stock utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.37%
- • Asset Turnover: 1.96x
- • Equity Multiplier: 1.71x
- Recent ROE (4.60%) is below the historical average (9.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 8.59% | 5.74% | 1.29x | 1.16x | $-460.00K |
| 1987 | 5.67% | 4.04% | 1.22x | 1.15x | $-1.45 Million |
| 1988 | 22.22% | 5.73% | 2.89x | 1.34x | $1.87 Million |
| 1989 | 15.29% | 4.49% | 2.45x | 1.39x | $830.00K |
| 1990 | 9.88% | 3.20% | 2.63x | 1.17x | $-20.00K |
| 1991 | 5.52% | 1.79% | 2.41x | 1.28x | $-730.00K |
| 1992 | 3.07% | 1.17% | 2.17x | 1.20x | $-1.13 Million |
| 1993 | 4.85% | 1.42% | 2.74x | 1.24x | $-850.00K |
| 1994 | 10.34% | 2.54% | 2.61x | 1.56x | $60.00K |
| 1995 | 13.37% | 2.55% | 3.05x | 1.72x | $630.00K |
| 1996 | 13.73% | 2.62% | 3.26x | 1.61x | $760.00K |
| 1997 | 15.79% | 3.00% | 3.15x | 1.67x | $1.32 Million |
| 1998 | 18.68% | 3.23% | 3.23x | 1.79x | $2.23 Million |
| 1999 | 12.77% | 2.81% | 3.04x | 1.50x | $760.00K |
| 2000 | 8.76% | 2.08% | 2.67x | 1.58x | $-355.49K |
| 2001 | 9.64% | 2.43% | 2.51x | 1.58x | $-110.23K |
| 2002 | 3.08% | 0.96% | 2.22x | 1.44x | $-2.11 Million |
| 2003 | 4.58% | 1.35% | 2.48x | 1.37x | $-1.69 Million |
| 2004 | 7.68% | 2.18% | 2.52x | 1.39x | $-767.17K |
| 2005 | 17.67% | 3.32% | 3.70x | 1.44x | $2.71 Million |
| 2006 | 17.40% | 3.55% | 3.25x | 1.51x | $2.74 Million |
| 2007 | 16.67% | 3.51% | 3.03x | 1.56x | $2.81 Million |
| 2008 | 9.93% | 2.50% | 2.67x | 1.49x | $-30.55K |
| 2009 | 24.37% | 6.55% | 3.45x | 1.08x | $8.06 Million |
| 2010 | 1.16% | 1.00% | 1.00x | 1.15x | $-4.98 Million |
| 2011 | 13.87% | 6.19% | 1.89x | 1.18x | $2.28 Million |
| 2012 | 12.85% | 5.05% | 2.06x | 1.24x | $1.81 Million |
| 2013 | 9.75% | 4.50% | 1.78x | 1.22x | $-159.95K |
| 2014 | 2.71% | 1.47% | 1.61x | 1.14x | $-4.62 Million |
| 2015 | 0.60% | 0.35% | 1.62x | 1.06x | $-5.94 Million |
| 2016 | 0.46% | 0.36% | 1.22x | 1.06x | $-6.03 Million |
| 2017 | -4.44% | -3.44% | 1.23x | 1.05x | $-8.71 Million |
| 2018 | 4.38% | 2.28% | 1.63x | 1.18x | $-3.55 Million |
| 2019 | 7.04% | 2.72% | 2.16x | 1.19x | $-2.15 Million |
| 2020 | -7.85% | -3.69% | 1.83x | 1.16x | $-11.94 Million |
| 2021 | 17.48% | 9.06% | 1.33x | 1.45x | $4.89 Million |
| 2022 | 17.65% | 4.93% | 1.79x | 2.00x | $6.10 Million |
| 2023 | 18.49% | 3.90% | 2.75x | 1.73x | $9.80 Million |
| 2024 | 13.61% | 3.36% | 2.24x | 1.80x | $4.60 Million |
| 2025 | 4.60% | 1.37% | 1.96x | 1.71x | $-7.16 Million |
Industry Comparison
This section compares Friedman Industries Inc. Common Stock's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $408,903,366
- Average return on equity (ROE) among peers: 3.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Friedman Industries Inc. Common Stock (FRD) | $139.27 Million | 8.59% | 1.24x | $138.83 Million |
| Cleveland-Cliffs Inc (CLF) | $1.00 Billion | 27.90% | 0.93x | $6.27 Billion |
| Friedman Industries Inc. Common Stock (FRD) | $66.87 Million | -7.85% | 0.16x | $137.98 Million |
| Gerdau SA ADR (GGB) | $2.47 Billion | 15.71% | 1.77x | $5.42 Billion |
| Hongli Group Inc. Ordinary Shares (HLP) | $5.15 Million | 40.40% | 0.93x | $36.02 Million |
| Huadi International Group Co Ltd (HUDI) | $74.68 Million | 4.36% | 0.38x | $14.59 Million |
| Inno Holdings Inc. Common Stock (INHD) | $2.80 Million | -114.88% | 0.49x | $2.87 Million |
| FST Corp. Ordinary Shares (KBSX) | $25.03 Million | -0.36% | 0.86x | $51.70 Million |
| Luda Technology Group Limited (LUD) | $16.75 Million | 18.11% | 1.79x | $101.88 Million |
| Mesabi Trust (MSB) | $11.44 Million | 46.41% | 0.23x | $345.06 Million |
About Friedman Industries Inc. Common Stock
Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States. It operates in two segments, Flat-Roll Products and Tubular Products. The Flat-Roll Product segment is involved in the operation of hot-rolled coil processing facilities to cut the coils into sheets and plates, as well as the provision of process and storage services for customer-ow… Read more