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Friedman Industries vs Worthington Enterprises: revenue, profit, margins and growth compared

Friedman Industries brought in $444.6M of revenue in fiscal 2025, Worthington Enterprises $1.4B in fiscal 2026. Revenue changed by -13.9% at Friedman Industries and +19.7% at Worthington Enterprises on the year before, so Worthington Enterprises grew faster. Friedman Industries kept 1.4% of its revenue as net profit, Worthington Enterprises 11.3%. Free cash flow was -$8.4M at Friedman Industries and $170.2M at Worthington Enterprises.

Side by side, latest fiscal year

FRDWOR
Fiscal year endedFY2025 (March 31, 2025)FY2026 (May 31, 2026)
Revenue$444.6M$1.4B
Revenue growth-13.9%+19.7%
Net income$6.1M$156.1M
Net margin1.4%11.3%
Free cash flow-$8.4M$170.2M
Free cash flow margin-1.9%12.3%
Earnings per share (diluted)$0.87$3.14
Cash$3.7M$27.7M
Debtn/a$306.9M
Price to earnings45.219.8
Market value$283.8M$3B
Dividend yield0.41%1.22%
Rank by revenue in sector#334 of 451 · Industrials#251 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: $444.6MWOR FY2019: $3.8BWOR FY2020: $3.1BWOR FY2021: $3.2BWOR FY2022: $5.2BWOR FY2023: $4.9BWOR FY2024: $1.2BWOR FY2025: $1.2BWOR FY2026: $1.4BFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
FRD $444.6MWOR $1.4B
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: $6.1MWOR FY2019: $153.5MWOR FY2020: $78.8MWOR FY2021: $723.8MWOR FY2022: $379.4MWOR FY2023: $256.5MWOR FY2024: $110.6MWOR FY2025: $96.1MWOR FY2026: $156.1MFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
FRD $6.1MWOR $156.1M
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%WOR FY2019: 4.1%WOR FY2020: 2.6%WOR FY2021: 22.8%WOR FY2022: 7.2%WOR FY2023: 5.2%WOR FY2024: 8.9%WOR FY2025: 8.3%WOR FY2026: 11.3%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
FRD 1.4%WOR 11.3%
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%WOR FY2020: -18.6%WOR FY2021: +3.7%WOR FY2022: +65.3%WOR FY2023: -6.2%WOR FY2024: -74.7%WOR FY2025: -7.4%WOR FY2026: +19.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FRD -13.9%WOR +19.7%
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: -$8.4MWOR FY2019: $113.4MWOR FY2020: $241.2MWOR FY2021: $192.2MWOR FY2022: -$24.5MWOR FY2023: $539MWOR FY2024: $206.4MWOR FY2025: $159.2MWOR FY2026: $170.2MFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
FRD -$8.4MWOR $170.2M

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

Questions about Friedman Industries and Worthington Enterprises

Which is bigger by revenue, Friedman Industries or Worthington Enterprises?

Worthington Enterprises is bigger by revenue: $1.4B in fiscal 2026, against $444.6M for Friedman Industries in fiscal 2025.

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

Friedman Industries had a net margin of 1.4% in fiscal 2025; Worthington Enterprises had 11.3% in fiscal 2026.

Which grew revenue faster, Friedman Industries or Worthington Enterprises?

In their latest fiscal years revenue changed by -13.9% at Friedman Industries and +19.7% at Worthington Enterprises.

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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