On this page of Benford's Law Stocks.com we present our study of FRIEDMAN INDUSTRIES INC — ticker symbol FRD. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/22/2021 to 11/10/2025 for FRIEDMAN INDUSTRIES INC under CIK number 0000039092. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for FRD, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for FRIEDMAN INDUSTRIES INC based on the past FRD filings our system processed in the past.
Benford Chart for FRD 10Q Filed 11/10/2025
31.3
20.2
11.3
3.8
9.2
4.3
5.3
6.7
8.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing ]
Total numbers found: 585
Recent share count: 7,059,440 (7's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
585
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 6 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for FRD = 37
37

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 2's percentage was above the company's typical historical range.
 • We deducted points upon observing the 4's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted point upon observing the 6's percentage was below the typical coverage universe range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 7, we canceled the penalty multiplier.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the company's typical historical range.
FRD's Score Vs. Typical Stock
Benford's Law Stocks Indicator
FRD
Low score compared to other filers, falling in the bottom quartile.
Other Stocks Ranking Near FRD
IIPR
MCRB
BEAGU
UYSC
 AEHR
MCVT
SPKLU
CRAQU
Check our work! We provide our FRIEDMAN INDUSTRIES INC Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the FRD filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 183 numbers that start with the digit 1. Here they are:
150
147
1
1
10,000,000
10,000,000
1,907,323
1,906,693
161,566
113,689
1,926
166,467
11,642
1,572
135
1,675
1,263
143
1,807
142
118
115
172,016
13,110
13,100
107,953
101,254
139,273
132,425
152,383
106,759
126,082
184,656
18,392
16,558
13,534
11,432
11,742
1,784
1,618
149,504
106,983
1,622
194
1,127
1,432
1,550
1
18
1,892
10
1.03
10
1.03
1,892
1,784
1,618
18
159
1,629
13,254
10,753
141
1,159
15,923
1,900
1,000
134
10
12,672
14,428
173,477
130,910
11,834
1.1
110,125
15,737
11,164
161,566
113,689
125
1.45
1.65
10
12.5
1.00
168
108
168
168
108
168
160
1,054
1.9
18,026
14.39
14,000
14.49
1
142
1,127
194
143,340
152,383
119,820
126,082
1,549
125
187
137,642
149,504
1
19,753
12,812
14,413
18,392
13,269
13,534
1,594
101
1,784
17,556
14,485
1,127
1,432
106,759
164
1,497
156
1,653
106,983
194
167,792
16,864
184,656
11,954
16,558
11,095
11,432
1,389
169
1,618
195,431
1,767
1,622
1,550
16,792
141,694
198,066
1,646
1,147
143,340
19,753
19,753
13,100
101,254
132,425
123
123
10
10
13,110
105,996
137,280
13,110
107,953
139,273
12,929
127,475
123
123
13,052
129,687
11
11
13,063
128,764
1,892
1
1,884
1.3
1.6
We found 118 numbers that start with the digit 2. Here they are:
2
2
2.4
2
231,325
2,346
2,841
226,822
282
279
2,966
287
2,752
226,822
287,160
221,310
231,786
222
222
277,238
222,932
2,879
224
2,977
2,397
219
2,387
227
2,354
2,240
27
27
222
2,108
22,866
2,018
2
2,902
2,538
2,422
26
2,422
270,783
25,000
21,000
2.4
276
276
2,841
2,841
2,752
2,912
2.3
2
24,438
287
28,108
2,473
2,660
2,879
2,977
267,407
287,160
218,974
231,786
265
252,922
277,238
2,197
2,194
29
2,282
2,282
222
222
2,311
2,669
2,311
224
200,766
20,544
221,310
2,979
222
222
22,311
222,932
2,397
279,119
204,890
25,328
221,682
226,822
264,540
2,867
2,700
267,407
200,766
20,544
20,544
286
286
2,240
2,240
283
283
2,567
2,567
279
279
279
279
2,240
2,210
24,049
22,997
2.9
2.4
We found 66 numbers that start with the digit 3. Here they are:
3,686
33,253
30,393
35,554
33,819
311,289
35,304
38,324
3,489
3,580
35,463
35,394
311,289
3,935
3
33
32
32
33
3
36
3
395
326,988
379,215
331,424
34,844
3,359
3.5
3.6
3.5
34,623
333,247
3,847
30,614
3.5
3,353
36,313
349
349
349
349
3,627
3,627
3,687
3,687
3,979
399
3
337
337
3,316
304,447
311,289
35,394
35,427
36
36
35,463
35,247
35,294
35,336
30
3.5
3.6
3.0
4's 5's 6's
We found 22 numbers that start with the digit 4. Here they are:
4,586
47,476
4,466
47,728
4,740
4,724
45,597
4,238
4
49,839
415,028
4,148
45.6
4
4,466
4.32
4,672
4,604
47
47
42
42
We found 54 numbers that start with the digit 5. Here they are:
5
57,970
56,251
5,108
5,445
5,478
5,381
5,569
5
523
505
500
504
565
557
54
5,181
5,897
5,076
52.7
52,666
5,032
5
5.8
5,108
5,108
5,216
532
5,034
5,216
500,000
53,221
550,000
5,569
5
52
5,698
5,071
5
5,667
5,217
5,381
582
5,130
5,130
5,190
5,335
5,190
5,569
5,140
5,028
5,028
55,755
5
We found 25 numbers that start with the digit 6. Here they are:
62,257
636
61,494
67,844
647
6,287
675
6.5
636
6,262
60
6,671
6,671
6,760
6,760
60
6,842
675
675
675
676
6,965,880
6,939,416
6,965,880
6,939,312
7's 8's 9's
We found 31 numbers that start with the digit 7. Here they are:
7,112,182
73,181
71,377
7,861
7,134
754
744
7
737
7,268
7,268
7,709
7,055
75
750
7.0
7.07
7
72
72
72
7,515
7,009
7,134
754
7,363
7,861
709
7,268
7,171
73,373
We found 39 numbers that start with the digit 8. Here they are:
8,966,763
8,877,229
83,541
8,967
8,877
88,761
8,446
823
851
869
8
89
8
8
807
85,865
85
83.5
8,569
89,534
851
848
825
8,175
868
851
89
81,398
88,761
85
823
869
8,877
8,967
8,967
8,873
8,873
8,873
8
We found 47 numbers that start with the digit 9. Here they are:
990
980
94,397
9,064
937
9,922
902
9,622
950
9,295
9
928
9,083
900
9
9,663
90
990
959
93,560
990
9,522
920
920
920
9,043
9,064
937
9,922
9,622
97,379
9,380
94,710
9,962
902
96,232
97,379
9,043
9,380
9,043
9,380
90
90
96,284
98,572
97,618
97
While the above FRD 10Q Filed 11/10/2025 is interesting in isolation, we have found that it is also useful to take a look at older FRIEDMAN INDUSTRIES INC filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 11/10/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical FRD 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 11/10/2025
31.3
20.2
11.3
3.8
9.2
4.3
5.3
6.7
8.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 37
XBRL? ✓  [ original filing ]
Total numbers found: 585

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 2/7/2025
32.1
15.7
15.9
7.9
6.0
3.5
7.9
6.8
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL? ✓  [ original filing ]
Total numbers found: 517

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10K Filed 6/11/2024
27.5
16.1
14.1
11.5
11.7
3.8
5.7
4.0
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 56
XBRL? ✓  [ original filing ]
Total numbers found: 523

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 8/14/2023
35.5
13.7
9.2
9.2
6.9
3.8
12.8
5.9
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 45
XBRL? ✓  [ original filing ]
Total numbers found: 422

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 12/2/2022
35.7
15.8
10.0
6.4
8.2
6.7
8.5
5.4
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 613

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 2/14/2022
29.9
17.1
11.9
9.6
7.2
8.2
7.6
5.4
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 596

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10K Filed 7/7/2021
42.2
12.1
14.2
6.0
4.7
5.6
5.2
3.4
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 58
XBRL? ❌  [ original filing ]
Total numbers found: 232

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 8/7/2025
34.4
19.1
11.1
4.4
7.8
7.2
5.2
5.9
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 387

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 11/12/2024
34.6
19.0
13.3
7.4
7.0
4.1
4.9
5.9
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL? ✓  [ original filing ]
Total numbers found: 489

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 2/14/2024
34.3
11.0
12.2
10.7
5.3
3.1
11.7
8.5
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 35
XBRL? ✓  [ original filing ]
Total numbers found: 589

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10K Filed 7/14/2023
34.4
15.3
10.6
8.3
9.7
4.5
5.6
5.0
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 63
XBRL? ✓  [ original filing ]
Total numbers found: 555

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 10/12/2022
39.8
16.6
8.8
6.8
7.0
4.6
8.8
5.0
2.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL? ✓  [ original filing ]
Total numbers found: 457

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 11/19/2021
31.6
17.0
10.8
8.9
7.7
7.7
6.0
6.0
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 519

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 2/22/2021
29.6
18.6
13.8
6.0
7.4
7.2
7.2
7.0
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ❌  [ original filing ]
Total numbers found: 705

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10K Filed 6/12/2025
27.9
15.5
16.1
12.0
10.4
5.7
4.9
4.1
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL? ✓  [ original filing ]
Total numbers found: 509

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 8/8/2024
31.7
17.5
13.2
8.6
7.8
5.4
7.5
4.3
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 372

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 11/14/2023
35.3
15.1
12.8
8.5
7.9
3.8
10.1
4.9
1.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL? ✓  [ original filing ]
Total numbers found: 555

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 2/9/2023
34.4
12.4
9.5
11.2
5.7
6.1
9.7
6.0
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL? ✓  [ original filing ]
Total numbers found: 651

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10K Filed 8/2/2022
36.5
13.7
8.8
7.1
10.3
6.0
5.4
6.7
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL? ✓  [ original filing ]
Total numbers found: 534

■ = Typical FRD range from 2/22/2021 to 11/10/2025
10Q Filed 8/23/2021
36.6
17.9
10.1
6.8
6.8
5.5
5.7
7.3
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL? ✓  [ original filing ]
Total numbers found: 385

■ = Typical FRD range from 2/22/2021 to 11/10/2025
HTCR 10Q Filed 11/18/2025:
97
CAPS 10Q Filed 11/18/2025:
72
WTMAU 10Q Filed 11/17/2025:
75
ADTX 10Q Filed 11/17/2025:
92
EPC 10K Filed 11/17/2025:
85
OCSL 10K Filed 11/17/2025:
87
ULBI 10Q Filed 11/17/2025:
95
ZYXI 10Q Filed 11/17/2025:
73
TBH 10Q Filed 11/17/2025:
87
LOB 10Q Filed 11/17/2025:
68
BTBD 10Q Filed 11/17/2025:
55
LFMD 10Q Filed 11/17/2025:
93
AIM 10Q Filed 11/17/2025:
71
GPUS 10Q Filed 11/17/2025:
99
ISPC 10Q Filed 11/17/2025:
90
ALUR 10Q Filed 11/17/2025:
95
ENFY 10Q Filed 11/17/2025:
87
HZO 10K Filed 11/17/2025:
92
GLAD 10K Filed 11/17/2025:
93
CHPGU 10Q Filed 11/17/2025:
59
XITO 10Q Filed 11/17/2025:
0
FGBI 10Q Filed 11/17/2025:
100
BRC 10Q Filed 11/17/2025:
63
IVF 10Q Filed 11/17/2025:
93
TWST 10K Filed 11/17/2025:
85
CNTM 10Q Filed 11/17/2025:
88
CURX 10Q Filed 11/14/2025:
43
EONR 10Q Filed 11/14/2025:
88
ESHA 10Q Filed 11/14/2025:
58
NMEX 10K Filed 11/14/2025:
60
WBSR 10Q Filed 11/14/2025:
1
EBFI 10Q Filed 11/14/2025:
61
ATAO 10Q Filed 11/14/2025:
66
CETH 10Q Filed 11/14/2025:
7
RBTK 10Q Filed 11/14/2025:
75
STCB 10Q Filed 11/14/2025:
100
BTCY 10Q Filed 11/14/2025:
89
ARKB 10Q Filed 11/14/2025:
43
SOHO 10Q Filed 11/14/2025:
92
RDI 10Q Filed 11/14/2025:
100
 

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