# FRP HOLDINGS, INC. (FRPH) · Edgar & Edgarette company card

> Frp Holdings (FRPH) grew revenue 2.6% in FY2025 to $43 million, operating margin 16.4% against a 21.1% median for real estate, equity 58.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 844059 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/FRPH) · [JSON](https://www.pops4.com/boards/company/FRPH.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $43M |
| Revenue growth, 1 year | 2.6% |
| Revenue growth per year | 8.2% |
| Operating margin | 16.4% (prior year 28.0%) |
| Net margin | 7.8% |
| Operating cash flow | $30M |
| Capital spending | $51M |
| Free cash flow | −$21M |
| Cash | $105M |
| Long-term debt | $193M |
| Total assets | $735M |
| Total equity | $429M |
| Equity ÷ assets | 58.3% |
| Return on equity | 0.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · filed late annual report notice, auditor change in the last 12 months; free cash flow was negative: capital spending outran operating cash (-$21.5M in FY2025); revenue is hard to predict: its 80% range is ±38%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $42.8M (FY2025), total debt $192.6M. Experience: revenue up 2.6% on the year, up 8.2% a year over 4 years; operating margin 16.4%, down from 28.0%. Soundness: equity 58.3% of assets, return on equity 0.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $29.1M and $64.8M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $27.6M to $68.5M. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, real estate): operating margin 16.4% against a 21.1% median; growth 2.6% against 6.1%.

Range logged 2026-10-31, receipt 66ac4a7a988dc018, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-31 ([filing](https://www.sec.gov/Archives/edgar/data/844059/000084405926000026/0000844059-26-000026-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-05-15 ([filing](https://www.sec.gov/Archives/edgar/data/844059/000084405926000071/0000844059-26-000071-index.htm))

## Recent filings

- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/844059/000084405926000086/0000844059-26-000086-index.htm)
- 8-K · filed 2026-08-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/844059/000084405926000083/0000844059-26-000083-index.htm)
- 8-K · filed 2026-05-15 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/844059/000084405926000071/0000844059-26-000071-index.htm)
- 10-Q · filed 2026-05-14 · [filing](https://www.sec.gov/Archives/edgar/data/844059/000084405926000069/0000844059-26-000069-index.htm)
- 8-K · filed 2026-05-13 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/844059/000084405926000060/0000844059-26-000060-index.htm)
- 8-K · filed 2026-05-12 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/844059/000084405926000058/0000844059-26-000058-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000844059.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=844059

## Cite

POPS4, Edgar & Edgarette: FRP HOLDINGS, INC. (FRPH) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/FRPH. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.