Friedman Industries Past Earnings Performance
Past criteria checks 5/6
Friedman Industries has been growing earnings at an average annual rate of 36%, while the Metals and Mining industry saw earnings growing at 23.1% annually. Revenues have been growing at an average rate of 31.7% per year. Friedman Industries's return on equity is 15.2%, and it has net margins of 3.6%.
Key information
36.0%
Earnings growth rate
34.7%
EPS growth rate
| Metals and Mining Industry Growth | 26.4% |
| Revenue growth rate | 31.7% |
| Return on equity | 15.2% |
| Net Margin | 3.6% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Friedman Industries makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 508 | 18 | 21 | 0 |
| 30 Sep 23 | 504 | 19 | 19 | 0 |
| 30 Jun 23 | 523 | 18 | 21 | 0 |
| 31 Mar 23 | 548 | 21 | 21 | 0 |
| 31 Dec 22 | 498 | 8 | 16 | 0 |
| 30 Sep 22 | 438 | 4 | 15 | 0 |
| 30 Jun 22 | 381 | 14 | 15 | 0 |
| 31 Mar 22 | 285 | 14 | 12 | 0 |
| 31 Dec 21 | 259 | 30 | 14 | 0 |
| 30 Sep 21 | 236 | 35 | 14 | 0 |
| 30 Jun 21 | 168 | 23 | 10 | 0 |
| 31 Mar 21 | 126 | 11 | 8 | 0 |
| 31 Dec 20 | 110 | -2 | 6 | 0 |
| 30 Sep 20 | 110 | -5 | 5 | 0 |
| 30 Jun 20 | 125 | -6 | 5 | 0 |
| 31 Mar 20 | 142 | -5 | 5 | 0 |
| 31 Dec 19 | 151 | -3 | 5 | 0 |
| 30 Sep 19 | 167 | -2 | 4 | 0 |
| 30 Jun 19 | 180 | 2 | 4 | 0 |
| 31 Mar 19 | 187 | 5 | 5 | 0 |
| 31 Dec 18 | 189 | 9 | 5 | 0 |
| 30 Sep 18 | 174 | 9 | 5 | 0 |
| 30 Jun 18 | 146 | 7 | 5 | 0 |
| 31 Mar 18 | 121 | 4 | 4 | 0 |
| 31 Dec 17 | 98 | 1 | 4 | 0 |
| 30 Sep 17 | 86 | 0 | 4 | 0 |
| 30 Jun 17 | 78 | -1 | 4 | 0 |
| 31 Mar 17 | 78 | -3 | 4 | 0 |
| 31 Dec 16 | 73 | -3 | 4 | 0 |
| 30 Sep 16 | 75 | -2 | 4 | 0 |
| 30 Jun 16 | 80 | -2 | 4 | 0 |
| 31 Mar 16 | 82 | 0 | 5 | 0 |
| 31 Dec 15 | 91 | 0 | 5 | 0 |
| 30 Sep 15 | 96 | 0 | 5 | 0 |
| 30 Jun 15 | 104 | 1 | 5 | 0 |
| 31 Mar 15 | 108 | 0 | 4 | 0 |
| 31 Dec 14 | 115 | 1 | 5 | 0 |
| 30 Sep 14 | 120 | 2 | 5 | 0 |
| 30 Jun 14 | 114 | 1 | 4 | 0 |
| 31 Mar 14 | 116 | 2 | 5 | 0 |
| 31 Dec 13 | 116 | 3 | 5 | 0 |
| 30 Sep 13 | 120 | 3 | 5 | 0 |
| 30 Jun 13 | 127 | 5 | 5 | 0 |
Quality Earnings: FRD has high quality earnings.
Growing Profit Margin: FRD's current net profit margins (3.6%) are higher than last year (1.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FRD's earnings have grown significantly by 36% per year over the past 5 years.
Accelerating Growth: FRD's earnings growth over the past year (138.4%) exceeds its 5-year average (36% per year).
Earnings vs Industry: FRD earnings growth over the past year (138.4%) exceeded the Metals and Mining industry -34.4%.
Return on Equity
High ROE: FRD's Return on Equity (15.2%) is considered low.