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Friedman Industries vs Insteel Industries: revenue, profit, margins and growth compared

Friedman Industries brought in $444.6M of revenue in fiscal 2025, Insteel Industries $647.7M in fiscal 2025. Revenue changed by -13.9% at Friedman Industries and +22.4% at Insteel Industries on the year before, so Insteel Industries grew faster. Friedman Industries kept 1.4% of its revenue as net profit, Insteel Industries 6.3%. Free cash flow was -$8.4M at Friedman Industries and $19M at Insteel Industries.

Side by side, latest fiscal year

FRDIIIN
Fiscal year endedFY2025 (March 31, 2025)FY2025 (September 27, 2025)
Revenue$444.6M$647.7M
Revenue growth-13.9%+22.4%
Net income$6.1M$41M
Net margin1.4%6.3%
Free cash flow-$8.4M$19M
Free cash flow margin-1.9%2.9%
Earnings per share (diluted)$0.87$2.10
Cash$3.7M$38.6M
Debtn/an/a
Price to earnings45.214.0
Market value$283.8M$570.7M
Dividend yield0.41%3.80%
Rank by revenue in sector#334 of 451 · Industrials#297 of 451 · Industrials

Over the years

Revenue
FRD FY2017: $121.2MFRD FY2018: $187.2MFRD FY2019: $142.1MFRD FY2021: $126.1MFRD FY2022: $285.2MFRD FY2023: $547.5MFRD FY2024: $516.3MFRD FY2025: $444.6MIIIN FY2018: $453.2MIIIN FY2019: $455.7MIIIN FY2020: $472.6MIIIN FY2021: $590.6MIIIN FY2022: $826.8MIIIN FY2023: $649.2MIIIN FY2024: $529.2MIIIN FY2025: $647.7MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FRD $444.6MIIIN $647.7M
Net income
FRD FY2017: $3.9MFRD FY2018: $5.1MFRD FY2019: -$5.2MFRD FY2021: $11.4MFRD FY2022: $14.1MFRD FY2023: $21.3MFRD FY2024: $17.3MFRD FY2025: $6.1MIIIN FY2018: $36.3MIIIN FY2019: $5.6MIIIN FY2020: $19MIIIN FY2021: $66.6MIIIN FY2022: $125MIIIN FY2023: $32.4MIIIN FY2024: $19.3MIIIN FY2025: $41MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FRD $6.1MIIIN $41M
Net margin
FRD FY2017: 3.2%FRD FY2018: 2.7%FRD FY2019: -3.7%FRD FY2021: 9.1%FRD FY2022: 4.9%FRD FY2023: 3.9%FRD FY2024: 3.4%FRD FY2025: 1.4%IIIN FY2018: 8.0%IIIN FY2019: 1.2%IIIN FY2020: 4.0%IIIN FY2021: 11.3%IIIN FY2022: 15.1%IIIN FY2023: 5.0%IIIN FY2024: 3.6%IIIN FY2025: 6.3%FY17FY18FY19FY20FY21FY22FY23FY24FY25
FRD 1.4%IIIN 6.3%
Revenue growth
FRD FY2018: +54.5%FRD FY2019: -24.1%FRD FY2021: -11.3%FRD FY2022: +126.2%FRD FY2023: +92.0%FRD FY2024: -5.7%FRD FY2025: -13.9%IIIN FY2019: +0.6%IIIN FY2020: +3.7%IIIN FY2021: +25.0%IIIN FY2022: +40.0%IIIN FY2023: -21.5%IIIN FY2024: -18.5%IIIN FY2025: +22.4%FY18FY19FY20FY21FY22FY23FY24FY25
FRD -13.9%IIIN +22.4%
Free cash flow
FRD FY2017: $2.9MFRD FY2018: $8.8MFRD FY2019: $6.3MFRD FY2021: $3.8MFRD FY2022: -$21.5MFRD FY2023: $47.4MFRD FY2024: -$813KFRD FY2025: -$8.4MIIIN FY2018: $35.5MIIIN FY2019: -$3.9MIIIN FY2020: $49.1MIIIN FY2021: $52.4MIIIN FY2022: -$10.2MIIIN FY2023: $111.5MIIIN FY2024: $39.1MIIIN FY2025: $19MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FRD -$8.4MIIIN $19M

Fiscal years as each company reports them; the two may end in different months.

Questions about Friedman Industries and Insteel Industries

Which is bigger by revenue, Friedman Industries or Insteel Industries?

Insteel Industries is bigger by revenue: $647.7M in fiscal 2025, against $444.6M for Friedman Industries in fiscal 2025.

Which keeps more of its revenue as profit, Friedman Industries or Insteel Industries?

Friedman Industries had a net margin of 1.4% in fiscal 2025; Insteel Industries had 6.3% in fiscal 2025.

Which grew revenue faster, Friedman Industries or Insteel Industries?

In their latest fiscal years revenue changed by -13.9% at Friedman Industries and +22.4% at Insteel Industries.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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