Friedman Industries, Incorporated
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $3.7M | $2.9M | $3.0M | $2.6M | $8.2M | $17.1M | $11.7M | $4.1M |
| Accounts Receivable | $47.5M | $47.3M | $49.4M | $35.7M | $20.4M | $11.7M | $13.2M | $17.5M |
| Inventory | $113.7M | $115.8M | $86.2M | $67.9M | $36.0M | $35.7M | $49.1M | $45.3M |
| Total Current Assets | $166.5M | $170.1M | $143.7M | $125.4M | $77.5M | $65.2M | $74.5M | $67.3M |
| Property, Plant & Equipment | $56.3M | $56.8M | $53.9M | $30.1M | $15.5M | $11.5M | $11.9M | $14.2M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $226.8M | $230.0M | $199.3M | $159.3M | $95.0M | $77.3M | $86.6M | $81.7M |
| Liabilities | ||||||||
| Accounts Payable | $35.3M | $43.9M | $36.8M | $44.8M | $15.2M | $8.9M | $11.6M | $10.2M |
| Total Current Liabilities | $38.3M | $54.1M | $45.1M | $60.8M | $29.1M | $9.6M | $12.4M | $11.0M |
| Long-Term Debt | — | — | — | $0 | $172.0K | — | — | — |
| Total Liabilities | $94.4M | $102.5M | $83.9M | $79.6M | $29.7M | $10.5M | $14.1M | $13.1M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $101.3M | $96.3M | $79.7M | $58.9M | $45.4M | $34.5M | $40.5M | $36.7M |
| Total Stockholders' Equity | $132.4M | $127.5M | $115.4M | $79.7M | $65.3M | $66.9M | $72.5M | $68.6M |