FRPH - FRP HOLDINGS, INC.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗
Revenue Growth YoY (%)	2.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-49%)	0.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-87%)	10.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+115%)	20.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+301%)	32.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+548%)	-0.7% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-115%)	7.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+57%)	-49.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1080%)	15.3% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+206%)	8.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+62%)	-78.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1667%)	14.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+191%)	9.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+92%)	6.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+23%)	7.9% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+58%)	-2.8% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-156%)	—	—
EPS Growth YoY (%)	-47.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	21.4% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	14.3% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-83.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	127.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-18.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-86.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	195.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	243.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	43.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-18.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-35.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	95.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-37.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	65.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	95.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-47.8% Weak ↓ Weak Declining Year-over-year change in net income	20.4% Good ↑ Good Improving Year-over-year change in net income	16.1% Good ↑ Good Improving Year-over-year change in net income	-83.8% Weak ↓ Weak Declining Year-over-year change in net income	121.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-21.4% Weak ↓ Weak Declining Year-over-year change in net income	-87.0% Weak ↓ Weak Declining Year-over-year change in net income	198.1% Excellent ↑ Excellent Improving Year-over-year change in net income	247.2% Excellent ↑ Excellent Improving Year-over-year change in net income	45.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-17.4% Weak ↓ Weak Declining Year-over-year change in net income	-34.9% Weak ↓ Weak Declining Year-over-year change in net income	97.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-36.1% Weak ↓ Weak Declining Year-over-year change in net income	65.7% Excellent Excellent Year-over-year change in net income	96.4% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	3.8% Caution Caution Year-over-year change in free cash flow	N/M	N/M	N/M	447.2% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	4.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.2% Good ↓ Good Declining Compound annual revenue growth over 3 years	20.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	16.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	12.3% Good ↑ Good Improving Compound annual revenue growth over 3 years	-18.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-14.1% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-14.0% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-35.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-35.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-35.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	10.1% Good ↑ Good Improving Compound annual revenue growth over 3 years	7.9% Fair Fair Compound annual revenue growth over 3 years	3.6% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	12.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.0% Good ↑ Good Improving Compound annual revenue growth over 5 years	13.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-2.8% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-3.6% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-7.4% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-31.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-30.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-19.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-20.8% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-20.8% Weak Weak Compound annual revenue growth over 5 years	6.9% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-9.8% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-39.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-25.0% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-33.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-37.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-31.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	10.4% Good ↓ Good Declining Compound annual EPS growth over 3 years	144.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	59.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-9.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	0.8% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-7.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	26.5% Excellent Excellent Compound annual EPS growth over 3 years	26.5% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗
Operating Margin (%) (%)	16.4% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	28.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	28.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	21.3% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	7.3% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	21.8% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	24.2% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	8.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	31.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	43.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+46%)	17.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	11.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	14.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	11.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	12.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	13.0% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	14.1% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	—
Profit Margin (%) (%)	7.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	15.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	12.8% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	12.2% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	90.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+261%)	53.9% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+116%)	68.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+172%)	—	96.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+287%)	32.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	23.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	6.3% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	11.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	6.1% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	10.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	6.6% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	3.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	—
FCF Margin (%) (%)	-50.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-53.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	52.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-14.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	18.3% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	154.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-202.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.3% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-21.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	31.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.6% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.1% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.5% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.1% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	18.9% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-6.44x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-3.48x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	4.10x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.16x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.08x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.26x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.67x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.37x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.73x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.28x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	5.78x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗
Return on Invested Capital (%)	0.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	2.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.7% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	8.9% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	1.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.7% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.4% Caution Caution Operating profit relative to total assets Optimal: > 10%	5.6% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	0.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-90%)	1.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-81%)	1.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-84%)	1.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-86%)	7.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-11%)	3.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-57%)	4.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-46%)	34.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+327%)	17.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+114%)	6.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	4.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-43%)	4.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-39%)	8.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	4.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-44%)	7.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	4.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-39%)	2.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-67%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗
Debt to Equity (x)	0.45x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	0.42x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-58%)	0.43x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-57%)	0.44x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	0.45x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	0.24x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-76%)	0.24x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-76%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.12x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-88%)	0.18x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-82%)	0.22x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-78%)	0.22x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-78%)	0.26x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	0.36x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-64%)	0.41x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-59%)	0.44x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	—	—
Interest Coverage (x)	2.58x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.94x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.71x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.63x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	0.99x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.67x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	5.46x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	0.63x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.15x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	10.50x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	3.03x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	12.05x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	8.11x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.35x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.29x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.69x Fair Fair Operating income divided by interest expense Optimal: > 5x	4.63x Fair Fair Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$192.55M	$178.85M	$21.15M	$1.06M	$16.89M	$16.05M	$62.32M	$-22.75M	$25.14M	$35.12M	$39.77M	$44.58M	$49.40M	$55.66M	$46.25M	$50.12M	$-15.80M	$-7.78M
Debt / EBITDA (x)	10.46x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.10x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.88x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.18x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	11.72x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.04x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.46x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.05x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.42x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.95x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.34x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.45x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.30x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.53x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.59x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗
Revenue per Share (USD)	$2.26	$2.21	$2.20	$2.00	$1.67	$1.23	—	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$0.18	$0.34	$0.28	$0.24	$1.51	$0.67	$0.82	$6.20	$2.10	$0.61	$0.42	$0.52	$0.81	$0.41	$0.66	$0.40	$0.20	—
Free Cash Flow per Share (USD)	$-1.13	$-1.18	$1.15	$-0.28	$0.31	$0.06	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$22.42	$22.21	$21.85	$21.52	$21.06	$19.63	—	—	—	—	—	—	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$22.06	$22.21	$21.85	$21.52	$21.06	$19.63	—	—	—	—	—	—	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	18.97M	18.88M	18.84M	18.77M	18.71M	19.16M	19,766	20,080	19,950	19,692	19,512	19,258	19,046	18,720	18,568	18,364	18,250	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗
Working Capital (USD)	—	—	—	—	—	—	—	—	—	—	—	$-1.88M	$-3.96M	$6.75M	$16.46M	$13.68M	—	—
LT Debt (USD)	$192.55M	$178.85M	$178.71M	$178.56M	$178.41M	$89.96M	$88.92M	$0.00	$29.66M	$35.12M	$40.19M	$45.59M	$49.90M	$62.37M	$67.27M	$67.27M	—	—
Total Equity (USD)	$428.51M	$423.10M	$414.52M	$407.14M	$396.42M	$367.65M	$374.89M	$364.61M	$243.53M	$196.10M	$182.34M	$206.31M	$192.65M	$174.72M	$164.45M	$152.06M	$142.41M	$137.35M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Sep 30, 2016 10-K ↗	FY 2015 Sep 30, 2015 10-K ↗	FY 2014 Sep 30, 2014 10-K ↗	FY 2013 Sep 30, 2013 10-K ↗	FY 2012 Sep 30, 2012 10-K ↗	FY 2011 Sep 30, 2011 10-K ↗	FY 2010 Sep 30, 2010 10-K ↗	FY 2009 Sep 30, 2009 10-K ↗	FY 2008 Sep 30, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$42.85M	$41.77M	$41.51M	$37.48M	$31.22M	$23.58M	$23.76M	$22.02M	$43.19M	$37.46M	$34.65M	$160.14M	$139.77M	$127.51M	$120.11M	$111.34M	$114.55M	—
Depreciation Expense (USD)	$11.38M	$10.39M	$10.97M	$11.46M	$12.95M	$6.05M	$6.16M	$8.21M	$14.59M	$8.29M	$7.53M	$16.14M	$14.06M	$12.99M	$12.21M	$11.51M	$13.43M	—
Net Income, GAAP (USD)	$3.33M	$6.38M	$5.30M	$4.57M	$28.21M	$12.71M	$16.18M	$124.47M	$41.75M	$12.02M	$8.27M	$10.02M	$15.38M	$7.81M	$12.21M	$7.37M	$3.75M	—
Operating Cash Flow (USD)	$29.68M	$28.99M	$32.97M	$22.34M	$22.24M	$18.61M	$47.02M	$-37.19M	$21.06M	$19.49M	$17.23M	$23.35M	$26.88M	$20.48M	$20.60M	$13.35M	$24.97M	—

FRP HOLDINGS, INC.

Analytical Summary

18-Year Financial Trajectory

Health Breakdown

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