Insteel Industries Inc. (IIIN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.45	$0.46	+2.2%	—	$197.7M	—
Q2 26	$0.64	$0.27	-57.8%	—	$172.7M	—
Q1 26	$0.33	$0.39	+18.2%	—	$159.9M	—
Q4 25	$0.79	$0.75	-5.1%	—	$177.4M	—
Q3 25	$0.69	$0.81	+17.4%	—	$179.9M	—
Q2 25	$0.29	$0.55	+89.7%	—	$160.7M	—
Q1 25	$0.1	$0.09	-10.0%	—	$129.7M	—
Q4 24	$0.31	$0.24	-22.6%	—	$134.3M	—
Q3 24	$0.43	$0.34	-20.9%	—	$145.8M	—
Q2 24	$0.3	$0.35	+16.7%	—	$127.4M	—
Q1 24	$0.12	$0.06	-50.0%	—	$121.7M	—
Q4 23	$0.66	$0.29	-56.1%	—	$157.5M	—
Q3 23	$0.67	$0.54	-19.4%	—	$165.7M	—
Q2 23	$0.46	$0.26	-43.5%	—	$159.1M	—
Q1 23	$0.87	$0.57	-34.5%	—	$166.9M	—
Q4 22	$1.92	$1.24	-35.4%	—	$208M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.11	—	—	$647.7M	—
FY24	—	$0.99	—	—	$529.2M	—
FY23	—	$1.66	—	—	$649.2M	—
FY22	—	$6.41	—	—	$826.8M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$418.5M	$388.9M	$453.2M	$455.7M	$472.6M	$590.6M	$826.8M	$649.2M	$529.2M	$647.7M
YoY change	-6.47%	-7.09%	+16.5%	+0.55%	+3.71%	+25%	+40%	-21.5%	-18.5%	+22.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	418.5M	388.9M	453.2M	455.7M	472.6M	590.6M	826.8M	649.2M	529.2M	647.7M
Cost of revenue	333.4M	329.1M	382.4M	425.7M	416.8M	469.1M	629.5M	583.8M	479.6M	554.3M
Gross profit	85.2M	59.8M	70.8M	30.1M	55.8M	121.5M	197.3M	65.4M	49.6M	93.4M
Gross margin	20.4%	15.4%	15.6%	6.6%	11.8%	20.6%	23.9%	10.1%	9.38%	14.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	28.6M	25.5M	28.3M	24.5M	31.3M	32.4M	36M	30.7M	29.6M	39M
Operating expenses	28.6M	25.5M	28.3M	24.5M	31.3M	32.4M	36M	30.7M	29.6M	39M
Operating income	56.6M	34.3M	42.5M	5.6M	24.4M	89.2M	161.3M	34.7M	20M	54.4M
Operating margin	13.5%	8.81%	9.38%	1.22%	5.17%	15.1%	19.5%	5.35%	3.79%	8.4%
Non-operating income, net	-298K	-217K	-274K	1.8M	-636K	-3M	230K	3.4M	-98K	-2.6M
Pretax income	56.3M	34.2M	42.6M	7.5M	24.2M	86.1M	161.7M	41.8M	25.3M	53.8M
Income tax	19M	11.6M	6.4M	1.9M	5.2M	19.5M	36.7M	9.3M	6M	12.8M
Net income	37.2M	22.5M	36.3M	5.6M	19M	66.6M	125M	32.4M	19.3M	41M
Net margin	8.9%	5.8%	8%	1.23%	4.02%	11.3%	15.1%	4.99%	3.65%	6.33%
EBITDA	68.1M	46.1M	55.6M	21.2M	40.4M	103.6M	176M	55.1M	40.9M	74.9M
EPS	1.99	1.19	1.9	0.29	0.99	3.44	6.41	1.66	0.99	2.11
Diluted EPS	1.95	1.17	1.88	0.29	0.98	3.41	6.37	1.66	0.99	2.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	157.5M	121.7M	127.4M	145.8M	134.3M	129.7M	160.7M	179.9M	177.4M	159.9M	172.7M	197.7M
Cost of revenue	143.5M	115.5M	111.7M	130.4M	122M	120.2M	136.1M	149.1M	148.8M	141.9M	156.2M	177.6M
Gross profit	14M	6.3M	15.7M	15.4M	12.3M	9.5M	24.5M	30.8M	28.6M	18.1M	16.5M	20.1M
Gross margin	8.88%	5.15%	12.3%	10.6%	9.13%	7.35%	15.3%	17.1%	16.1%	11.3%	9.55%	10.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	8.1M	6.4M	7.9M	7.9M	7.5M	7.9M	10.8M	10.6M	9.7M	8.8M	9.7M	8.5M
Operating expenses	8.1M	6.4M	7.9M	7.9M	7.5M	7.9M	10.8M	10.6M	9.7M	8.8M	9.7M	8.5M
Operating income	5.9M	-97K	7.8M	7.5M	4.8M	1.6M	13.7M	20.2M	18.9M	9.3M	6.8M	11.6M
Operating margin	3.72%	-0.08%	6.15%	5.15%	3.57%	1.27%	8.55%	11.2%	10.7%	5.82%	3.93%	5.86%
Non-operating income, net	0	22K	-9K	-15K	-96K	-953K	-707K	-854K	-132K	-40K	-18K	-78K
Pretax income	7.3M	1.6M	8.9M	8.7M	6.1M	1.5M	13.3M	19.8M	19.2M	9.6M	6.8M	11.7M
Income tax	1.6M	423K	2M	2.2M	1.4M	381K	3.1M	4.6M	4.7M	2M	1.6M	2.7M
Net income	5.6M	1.1M	6.9M	6.6M	4.7M	1.1M	10.2M	15.2M	14.6M	7.6M	5.2M	9M
Net margin	3.57%	0.93%	5.45%	4.5%	3.48%	0.83%	6.37%	8.43%	8.2%	4.75%	3.02%	4.56%
EBITDA	10.7M	5.3M	12.8M	12.6M	10.1M	6.9M	18.6M	25.3M	24M	14.2M	11.2M	16.1M
EPS	—	0.06	0.36	0.34	0.24	0.06	0.53	0.78	0.75	0.39	0.27	0.46
Diluted EPS	—	0.06	0.35	0.34	0.24	0.06	0.52	0.78	0.74	0.39	0.27	0.46

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	679.6M	496.4M	684.6M	395.1M	360.5M	736M	517.8M	633.1M	606.3M	747M	567M
Enterprise value	620.8M	464.3M	640.6M	356.9M	294.3M	647.9M	471M	509.4M	496.5M	712.3M	550.3M
Shares outstanding	18.8M	19M	19.1M	19.2M	19.3M	19.3M	19.5M	19.5M	19.5M	19.5M	19.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.2	22	18.9	70.6	19	11	4.14	19.5	31.4	18.2	15.6
P/S	1.62	1.28	1.51	0.87	0.76	1.25	0.63	0.98	1.15	1.15	0.8
P/B	3.03	2.22	2.83	1.61	1.36	2.44	1.33	1.66	1.73	2.01	1.52
EV/EBITDA	9.11	10.1	11.5	16.9	7.28	6.25	2.68	9.24	12.2	9.51	8.52
EV/Sales	1.48	1.19	1.41	0.78	0.62	1.1	0.57	0.78	0.94	1.1	0.78
Earnings yield	5.48%	4.54%	5.3%	1.42%	5.27%	9.05%	24.1%	5.12%	3.18%	5.49%	6.4%
FCF yield	6.37%	0.05%	5.19%	-0.99%	13.6%	7.12%	-1.98%	17.6%	6.44%	2.54%	-3.08%
PEG	—	—	—	—	—	—	—	—	—	—	-0.38

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	20.4%	15.4%	15.6%	6.6%	11.8%	20.6%	23.9%	10.1%	9.38%	14.4%	10.2%
Operating margin	13.5%	8.81%	9.38%	1.22%	5.17%	15.1%	19.5%	5.35%	3.79%	8.4%	5.86%
Net margin	8.9%	5.8%	8%	1.23%	4.02%	11.3%	15.1%	4.99%	3.65%	6.33%	5.14%
ROE	16.6%	10.1%	15%	2.28%	7.18%	22.1%	32.1%	8.5%	5.5%	11%	10%
ROA	12.7%	7.97%	11%	1.91%	5.63%	17%	26.5%	7.24%	4.57%	8.87%	6.15%
ROIC	22.6%	11.8%	18.3%	2.01%	9.68%	32.2%	36.3%	10.5%	6.35%	12.3%	10.2%
Return on tangible assets	14.3%	8.9%	12.4%	2.16%	6.31%	18.7%	28.5%	7.8%	4.92%	11.6%	9.89%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.36	3.79	2.72	5.65	3.67	3.59	5.36	6.47	5.68	3.97	3.57
Quick ratio	2.03	1.85	1.41	3.16	2.39	2.44	2.2	4.24	3.79	1.88	1.43
Debt / equity	—	—	—	—	0.01	0.01	0	0.01	0	0.01	0.01
Debt / assets	—	—	—	—	0.01	0	0	0	0	0.01	0.01
Net debt / EBITDA	—	—	—	—	-1.64	-0.85	-0.27	-2.24	-2.69	-0.46	-0.31
Interest coverage	357.3	252.2	374.9	45.4	229	897.9	1.8K	480.9	285.1	1K	790.2
Effective tax rate	33.8%	34%	14.9%	24.9%	21.4%	22.6%	22.7%	22.4%	23.7%	23.8%	23.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	22.3	20.5	23.8	23.7	24.5	30.5	42.4	33.3	27.1	33.2	36.3
EPS (basic)	1.99	1.19	1.9	0.29	0.99	3.44	6.41	1.66	0.99	2.11	2.11
EPS (diluted)	1.95	1.17	1.88	0.29	0.98	3.41	6.37	1.66	0.99	2.1	1.87
Book value per share	12	11.7	12.7	12.8	13.7	15.6	20	19.6	18	19.1	19.2
FCF per share	2.31	0.01	1.86	-0.2	2.55	2.71	-0.52	5.72	2	0.97	-0.5
Cash per share	3.14	1.69	2.3	1.98	3.56	4.65	2.48	6.44	5.72	1.98	1.19
Capex per share	0	0	0	0	0	0	0	0.51	0	0.42	0.55

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.01%	0%	0%	0%	0.01%	0%	0%	1.53%	0%	1.27%	1.52%
Capex / operating cash flow	0.13%	0%	0%	0.04%	0.11%	0%	0%	6.11%	0.01%	30.2%	1.1K%
Payout ratio	56%	115.4%	58.8%	41.3%	12.2%	47%	32.9%	127.3%	263.9%	53%	6.42%
Dividend yield	3.07%	5.24%	3.12%	0.58%	0.64%	4.25%	7.95%	6.52%	8.4%	2.91%	0.41%

Yield

0.41%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.03

ex-dividend Sep 11, 2026

Payout ratio

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 11, 2026	$0.03
Jun 12, 2026	$0.03
Mar 13, 2026	$0.03

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$157.5M	$121.7M	$127.4M	$145.8M	$134.3M	$129.7M	$160.7M	$179.9M	$177.4M	$159.9M	$172.7M	$197.7M
YoY change	-24.3%	-27.1%	-19.9%	-12%	-14.7%	+6.57%	+26.1%	+23.4%	+32.1%	+23.3%	+7.47%	+9.88%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	58.9M	32.1M	43.9M	38.2M	68.7M	89.9M	48.3M	125.7M	111.5M	38.6M
Receivables	47.4M	40.3M	51.5M	44.2M	53.8M	67.9M	81.6M	63.4M	58.3M	78.7M
Inventory	71.2M	81.9M	94.2M	70.9M	69M	79M	197.7M	103.3M	88.8M	137.8M
Total current assets	180.5M	160.2M	195.5M	160.6M	197M	246.9M	335.3M	298.9M	267.3M	261.9M
Property, plant & equipment	44.5M	48.3M	51.5M	48.6M	51.5M	54.2M	54.7M	65.3M	67.2M	68.4M
Goodwill & intangibles	32.1M	29.8M	36M	33.8M	36.6M	34.8M	33.2M	31.7M	30.2M	108.6M
Total assets	292.9M	283.1M	329.5M	293M	337.9M	390.7M	471.7M	447.5M	422.6M	462.6M
Accounts payable	42.8M	33.7M	60.1M	21.6M	39M	49.4M	46.8M	34.3M	37.5M	48.2M
Short-term debt	—	—	—	—	1.2M	1M	997K	999K	877K	1.9M
Total current liabilities	53.8M	42.3M	72M	28.4M	53.7M	68.8M	62.6M	46.2M	47M	66M
Long-term debt	—	—	—	—	1.3M	695K	572K	936K	811K	2.1M
Total liabilities	68.3M	59.7M	87.9M	47M	73.1M	88.7M	82M	66M	71.7M	91.1M
Shareholders' equity	224.6M	223.4M	241.7M	246M	264.8M	302M	389.7M	381.5M	350.9M	371.5M
Total debt	—	—	—	—	2.5M	1.7M	1.6M	1.9M	1.7M	3.9M
Net debt	—	—	—	—	-66.2M	-88.2M	-46.7M	-123.7M	-109.8M	-34.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	125.7M	85.6M	83.9M	97.7M	111.5M	36M	28.4M	53.7M	38.6M	15.6M	15.1M	22.9M
Receivables	63.4M	43.4M	55.5M	61.2M	58.3M	49.4M	79.8M	83.3M	78.7M	64.6M	81.4M	80.7M
Inventory	103.3M	94.1M	92.5M	89.4M	88.8M	98.7M	96M	119.2M	137.8M	172.3M	159M	166.9M
Total current assets	298.9M	231.8M	239.7M	257.1M	267.3M	192.5M	210.8M	263.5M	261.9M	258.2M	263.5M	278.9M
Property, plant & equipment	65.3M	74.8M	72.8M	70.5M	67.2M	74.4M	73.5M	71M	68.4M	65.4M	64.2M	61.9M
Goodwill & intangibles	31.7M	31.3M	30.9M	30.5M	30.2M	107.3M	110.5M	109.6M	108.6M	107.8M	107M	106.2M
Total assets	447.5M	390.6M	397.2M	414.6M	422.6M	404.7M	421.9M	471.9M	462.6M	456.1M	460.5M	473.9M
Accounts payable	34.3M	23.9M	25.4M	34.8M	37.5M	36.7M	43M	73.4M	48.2M	57.3M	62.2M	65.5M
Short-term debt	999K	1.1M	1.1M	968K	877K	1.1M	1.6M	1.8M	1.9M	1.8M	1.7M	1.6M
Total current liabilities	46.2M	33.4M	33.4M	44.7M	47M	47.1M	54.4M	89.7M	66M	72.2M	71M	78.1M
Long-term debt	936K	1.1M	1.2M	1M	811K	1.2M	1.9M	2.2M	2.1M	1.7M	1.4M	1M
Total liabilities	66M	57M	56.6M	68.6M	71.7M	73M	80.4M	115.7M	91.1M	97.3M	96M	102.5M
Shareholders' equity	381.5M	333.6M	340.6M	346M	350.9M	331.6M	341.4M	356.2M	371.5M	358.8M	364.5M	371.4M
Total debt	1.9M	2.1M	2.3M	2M	1.7M	2.3M	3.5M	4.1M	3.9M	3.6M	3M	2.6M
Net debt	-123.7M	-83.5M	-81.7M	-95.8M	-109.8M	-33.6M	-24.9M	-49.6M	-34.7M	-12M	-12M	-20.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	37.2M	22.5M	36.3M	5.6M	19M	66.6M	125M	32.4M	19.3M	41M
Depreciation & amortization	11.5M	11.6M	12.8M	13.6M	14.3M	14.5M	14.5M	13.3M	15.4M	18.4M
Stock-based compensation	2.4M	2.2M	2.1M	2.1M	2M	2M	2.4M	2.4M	3.1M	3.5M
Change in working capital	-4.8M	-5.5M	-22.5M	28M	2.3M	-25.1M	-133.8M	114.5M	18.2M	-55M
Operating cash flow	46.5M	32.7M	25.4M	50.9M	36.8M	56.4M	8.1M	162.4M	58.7M	27.2M
Capital expenditure	60K	0	0	19K	40K	0	0	9.9M	4K	-8.2M
Investing cash flow	5K	-305K	-3.5M	956K	-16.1M	-305K	9.9M	9.8M	-488K	-75.8M
Dividends paid	-20.9M	-26M	-21.3M	-2.3M	-2.3M	-31.3M	-41.2M	-41.3M	-50.9M	-21.8M
Share repurchases	—	—	—	—	0	0	-1.2M	-2.3M	-1.8M	-2.3M
Financing cash flow	-22.7M	-26.8M	-22.3M	-2.8M	-2.5M	-32M	-42.8M	-44.2M	-53.1M	-24.5M
Net change in cash	23.8M	5.6M	-411K	49M	18.2M	24.2M	-24.9M	128M	5.1M	-73.1M
Free cash flow	43.3M	265K	35.5M	-3.9M	49.1M	52.4M	-10.2M	111.5M	39.1M	18.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	5.6M	1.1M	6.9M	6.6M	4.7M	1.1M	10.2M	15.2M	14.6M	7.6M	5.2M	9M
Depreciation & amortization	3.5M	3.7M	3.9M	3.8M	4M	4.4M	4.6M	4.7M	4.7M	4.6M	4.4M	4.4M
Stock-based compensation	891K	398K	997K	508K	1.2M	345K	1.3M	427K	1.4M	441K	1.3M	395K
Change in working capital	31.5M	26.8M	-9.6M	-3.4M	4.4M	11.3M	-24.9M	-27.6M	-13.8M	-17M	-8.4M	-6.8M
Operating cash flow	43M	34.8M	1.3M	8.4M	14.3M	18M	-9.5M	-8M	-17M	-701K	5.1M	13.7M
Capital expenditure	0	3K	0	1K	0	0	37K	62K	-1.7M	-1.5M	-4.4M	-3.2M
Investing cash flow	-74K	-114K	-247K	-53K	-74K	-71.3M	-173K	-876K	3.1M	-1.6M	-4.7M	-3.3M
Dividends paid	-584K	-49.2M	-584K	-584K	-583K	-20M	-582K	-582K	-583K	-20M	-583K	-581K
Share repurchases	0	-539K	-303K	-994K	0	-617K	-1.1M	-224K	-307K	-745K	0	-1.9M
Financing cash flow	-820K	-49.8M	-1M	-1.7M	-673K	-20.6M	-1.7M	-853K	-1.2M	-20.7M	-583K	-2.5M
Net change in cash	42.1M	-15.1M	16K	6.6M	13.6M	-74M	-11.4M	-9.7M	-15M	-23M	-223K	7.9M
Free cash flow	34.8M	9.6M	-580K	15.5M	14.5M	16.3M	-5.5M	26.9M	-18.7M	-2.2M	671K	10.5M

Insteel Industries Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history