Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States. It operates in two segments, Flat-Roll Products and Tubular Products. The Flat-Roll Product segment is involved in the operation of hot-rolled coil processing facilities to cut the coils into sheets and plates, as well as the provision of process and storage services for customer-owned …
Full FRD analysis →
Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 86.4th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.88), demonstrating pricing resilience across cycles.
Key risks
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.17), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Premium access
Unlock full defense analysis
Get key signals, strengths, and risks for every moat dimension.
Friedman Industries Inc. ranks #7 of 27
scored companies in Steel by moat score — the top 26%.
The widest moat in the group is Grupo Simec, S.A.B. de C.V. (SIM)
at 79/100.
Moat scores for companies ranked near FRD in Steel
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 63
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 38
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 87
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 64
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 68
· 15% of the moat score
Scale matters only when it converts into economics.
Friedman Industries Inc. (FRD) scores 66 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #7 of 27 scored companies in Steel, the top 26%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 26 companies in Steel. Its strongest defense is Capital Efficiency (87/100) and its weakest is Customer Stickiness (38/100).
How does Friedman Industries Inc. compare with other Steel companies?
Friedman Industries Inc. ranks #7 of 27 scored companies in Steel by moat score. The widest moat in Steel is Grupo Simec, S.A.B. de C.V. (SIM) at 79/100. The companies ranked closest are Nucor Corporation (NUE) at 66 just above it and Gerdau S.A. (GGB) at 58 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 26 companies in Steel. The defenses are then weighted to produce the overall score out of 100.
Why is Friedman Industries Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Friedman Industries Inc.?
The Corporate Default template measures 6 defenses, and FRD scores: Pricing Power (68), Cost Advantage (63), Customer Stickiness (38), Capital Efficiency (87), Resilience (64), Scale & Market Position (68). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.