Flagship explainer

How FRIEDMAN INDUSTRIES INC makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$445M · 100%Cost of revenue$442M · 99%Gross profit$2.8M · 1%Operating income$3M · 1%Income before tax$7.7M · 2%Income tax$1.6M · 0%Net income$6.1M · 1%As of 2025-03-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$445M100%
Cost of revenue$442M99%
$2.8M1%
$3M1%
Income before tax$7.7M2%
Income tax$1.6M0%
$6.1M1%
Source: · event Mar 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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