Friedman Industries, Incorporated

NasdaqGS:FRD Stock Report

Market Cap: US$298.5m

Friedman Industries Management

Management criteria checks 2/4

Friedman Industries' CEO is Mike Taylor, appointed in Feb 2019, has a tenure of 7.58 years. total yearly compensation is $2.71M, comprised of 27.7% salary and 72.3% bonuses, including company stock and options. directly owns 3.52% of the company’s shares, worth $10.49M. The average tenure of the management team and the board of directors is 5 years and 7 years respectively.

Key information

Mike Taylor

Chief executive officer

US$2.7m

Total compensation

CEO salary percentage27.68%
CEO tenure7.6yrs
CEO ownership3.5%
Management average tenure5yrs
Board average tenure7yrs

Recent management updates

Recent updates

Seeking Alpha • Jul 09

Friedman Is Riding The HRC Upcycle, But Is It Durable?

Summary Friedman Industries delivered strong 2H26 results, driven by higher volumes and rising HRC prices, but I maintain a Hold rating. Recent profitability gains are largely cyclical, with inventory accounting amplifying benefits from rising HRC prices; current margins are not sustainable if prices flatten or decline. My valuation assumes normalized volumes of 700–800k tons and $900/ton HRC, yielding an earnings yield near 9%, which I find insufficient for the risk. FRD does not return cash to shareholders, so further upside depends solely on stock price appreciation amid a cyclical earnings peak. Read the full article on Seeking Alpha
Analysis Article • Dec 20

Friedman Industries (NASDAQ:FRD) Has Announced A Dividend Of $0.04

Friedman Industries, Incorporated ( NASDAQ:FRD ) will pay a dividend of $0.04 on the 13th of February. This means the...
Analysis Article • Dec 16

Market Still Lacking Some Conviction On Friedman Industries, Incorporated (NASDAQ:FRD)

With a price-to-earnings (or "P/E") ratio of 13.3x Friedman Industries, Incorporated ( NASDAQ:FRD ) may be sending...
Analysis Article • Oct 18

Friedman Industries (NASDAQ:FRD) Has Announced A Dividend Of $0.04

The board of Friedman Industries, Incorporated ( NASDAQ:FRD ) has announced that it will pay a dividend on the 14th of...
Analysis Article • Sep 23

Friedman Industries' (NASDAQ:FRD) Dividend Will Be $0.04

The board of Friedman Industries, Incorporated ( NASDAQ:FRD ) has announced that it will pay a dividend on the 14th of...
Analysis Article • Sep 03

There's Reason For Concern Over Friedman Industries, Incorporated's (NASDAQ:FRD) Massive 46% Price Jump

Friedman Industries, Incorporated ( NASDAQ:FRD ) shares have had a really impressive month, gaining 46% after a shaky...
Analysis Article • May 04

Subdued Growth No Barrier To Friedman Industries, Incorporated (NASDAQ:FRD) With Shares Advancing 27%

Friedman Industries, Incorporated ( NASDAQ:FRD ) shareholders would be excited to see that the share price has had a...
Analysis Article • Apr 12

We Think Friedman Industries (NASDAQ:FRD) Is Taking Some Risk With Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

CEO Compensation Analysis

How has Mike Taylor's remuneration changed compared to Friedman Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

US$27m

Mar 31 2026US$3mUS$750k

US$19m

Dec 31 2025n/an/a

US$15m

Sep 30 2025n/an/a

US$11m

Jun 30 2025n/an/a

US$8m

Mar 31 2025US$701kUS$662k

US$6m

Dec 31 2024n/an/a

US$6m

Sep 30 2024n/an/a

US$8m

Jun 30 2024n/an/a

US$12m

Mar 31 2024US$2mUS$390k

US$17m

Dec 31 2023n/an/a

US$18m

Sep 30 2023n/an/a

US$19m

Jun 30 2023n/an/a

US$18m

Mar 31 2023US$1mUS$280k

US$21m

Dec 31 2022n/an/a

US$8m

Sep 30 2022n/an/a

US$4m

Jun 30 2022n/an/a

US$14m

Mar 31 2022US$1mUS$280k

US$14m

Dec 31 2021n/an/a

US$30m

Sep 30 2021n/an/a

US$35m

Jun 30 2021n/an/a

US$23m

Mar 31 2021US$380kUS$280k

US$11m

Dec 31 2020n/an/a

-US$2m

Sep 30 2020n/an/a

-US$5m

Jun 30 2020n/an/a

-US$6m

Mar 31 2020US$511kUS$280k

-US$5m

Compensation vs Market: Mike's total compensation ($USD2.71M) is above average for companies of similar size in the US market ($USD1.62M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.

CEO

Mike Taylor (67 yo)

7.6yrs
Tenure
US$2,709,607
Compensation

Mr. Michael J. Taylor, also known as Mike, has been Chairman of the Board at Friedman Industries, Incorporated since June 2, 2017 and as its Director since December 02, 2016. Mr. Taylor serves as President...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Taylor
Chairman of the Board7.6yrsUS$2.71m3.52%
$ 10.5m
Alex LaRue
CFO, Secretary & Treasurer13.1yrsUS$870.43k0.58%
$ 1.7m
Gaurav Chhibbar
Chief Operating Officer1.2yrsUS$2.61m0.92%
$ 2.7m
Jonathan Holcomb
Vice President of Sales and Purchasingno datano datano data
Kimberly Thomas
Director of Human Resources2.4yrsno datano data
5.0yrs
Average Tenure
40yo
Average Age

Experienced Management: FRD's management team is seasoned and experienced (5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Taylor
Chairman of the Board9.8yrsUS$2.71m3.52%
$ 10.5m
Joe Williams
Independent Director26.7yrsUS$46.00k0.45%
$ 1.4m
Sharon Taylor
Independent Director4.3yrsUS$58.00k0.11%
$ 325.6k
Max Reichenthal
Independent Director18.5yrsUS$55.00k0.47%
$ 1.4m
Sandra Scott
Independent Director4.3yrsUS$46.00k0.15%
$ 437.3k
Michael Hanson
Independent Director1.5yrsUS$46.00k0.0063%
$ 18.9k
Tim Stevenson
Independent Director7yrsUS$55.00k0.40%
$ 1.2m
7.0yrs
Average Tenure
64.5yo
Average Age

Experienced Board: FRD's board of directors are considered experienced (7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 08:13
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Friedman Industries, Incorporated is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.