Insteel Inds Financials
This page shows Insteel Inds (IIIN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Insteel Inds's revenue surged 22.4% year-over-year to $647.7M, reflecting rapid business expansion. This strong growth earns a score of 93/100.
Insteel Inds carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.97, Insteel Inds holds $3.97 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Insteel Inds's free cash flow margin of 2.9% results in a low score of 15/100. Capital expenditures of $8.2M absorb a large share of operating cash flow.
Insteel Inds's ROE of 11.0% shows moderate profitability relative to equity, earning a score of 44/100. This is up from 5.5% the prior year.
Insteel Inds passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Insteel Inds generates $0.66 in operating cash flow ($27.2M OCF vs $41.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Insteel Inds generated $647.7M in revenue in fiscal year 2025. This represents an increase of 22.4% from the prior year.
Insteel Inds generated $18.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 51.5% from the prior year.
Insteel Inds reported $41.0M in net income in fiscal year 2025. This represents an increase of 112.5% from the prior year.
Insteel Inds earned $2.10 per diluted share (EPS) in fiscal year 2025. This represents an increase of 112.1% from the prior year.
Insteel Inds held $38.6M in cash against $0 in long-term debt as of fiscal year 2025.
Insteel Inds paid $1.12 per share in dividends in fiscal year 2025. This represents a decrease of 57.3% from the prior year.
Insteel Inds had 19M shares outstanding in fiscal year 2025. This represents a decrease of 0.2% from the prior year.
Insteel Inds's gross margin was 14.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.1 percentage points from the prior year.
Insteel Inds's net profit margin was 6.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.
Insteel Inds's ROE was 11.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.5 percentage points from the prior year.
Insteel Inds spent $2.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 23.8% from the prior year.
Insteel Inds invested $8.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 57.1% from the prior year.
IIIN Income Statement
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $159.9M-11.1% | $179.9M+12.0% | $160.7M-3.1% | $165.7M+36.1% | $121.7M-46.4% | $227.2M+42.8% | $159.1M-4.7% | $166.9M |
| Cost of Revenue | $141.9M-4.9% | $149.1M+9.5% | $136.1M-6.3% | $145.3M+25.9% | $115.5M-31.7% | $169.1M+16.0% | $145.8M-2.2% | $149.1M |
| Gross Profit | $18.1M-41.3% | $30.8M+25.5% | $24.5M+20.4% | $20.4M+224.8% | $6.3M-89.2% | $58.1M+338.0% | $13.3M-25.4% | $17.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $8.8M-17.4% | $10.6M-1.8% | $10.8M+36.3% | $7.9M+24.5% | $6.4M-22.7% | $8.2M+9.7% | $7.5M+5.3% | $7.1M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $13K-7.1% | $14K+7.7% | $13K-35.0% | $20K-31.0% | $29K+26.1% | $23K0.0% | $23K-4.2% | $24K |
| Income Tax | $2.0M-56.1% | $4.6M+48.9% | $3.1M+3.9% | $3.0M+604.3% | $423K-96.3% | $11.3M+690.4% | $1.4M-56.4% | $3.3M |
| Net Income | $7.6M-49.9% | $15.2M+48.2% | $10.2M-3.2% | $10.6M+833.3% | $1.1M-97.1% | $38.6M+655.9% | $5.1M-54.1% | $11.1M |
| EPS (Diluted) | $0.39-50.0% | $0.78+50.0% | $0.52-3.7% | $0.54+800.0% | $0.06-96.9% | $1.96+653.8% | $0.26-54.4% | $0.57 |
IIIN Balance Sheet
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $456.1M-3.3% | $471.9M+11.9% | $421.9M-0.2% | $422.6M+8.2% | $390.6M-12.7% | $447.5M+4.5% | $428.2M+1.1% | $423.8M |
| Current Assets | $258.2M-2.0% | $263.5M+25.0% | $210.8M-21.1% | $267.3M+15.3% | $231.8M-22.4% | $298.9M+3.8% | $287.9M-0.1% | $288.2M |
| Cash & Equivalents | $15.6M-71.0% | $53.7M+88.8% | $28.4M-74.5% | $111.5M+30.3% | $85.6M-31.9% | $125.7M+56.8% | $80.2M+88.0% | $42.6M |
| Inventory | $172.3M+44.6% | $119.2M+24.1% | $96.0M+8.1% | $88.8M-5.6% | $94.1M-8.9% | $103.3M-24.3% | $136.5M-20.3% | $171.2M |
| Accounts Receivable | $64.6M-22.4% | $83.3M+4.4% | $79.8M+36.8% | $58.3M+34.5% | $43.4M-31.6% | $63.4M-3.7% | $65.9M-4.2% | $68.8M |
| Goodwill | $37.8M0.0% | $37.8M0.0% | $37.8M+287.4% | $9.7M0.0% | $9.7M0.0% | $9.7M0.0% | $9.7M0.0% | $9.7M |
| Total Liabilities | $97.3M-15.9% | $115.7M+43.8% | $80.4M+12.2% | $71.7M+25.8% | $57.0M-13.7% | $66.0M+4.4% | $63.2M+0.3% | $63.1M |
| Current Liabilities | $72.2M-19.5% | $89.7M+64.9% | $54.4M+15.7% | $47.0M+40.7% | $33.4M-27.6% | $46.2M+2.4% | $45.1M+0.4% | $44.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $358.8M+0.7% | $356.2M+4.3% | $341.4M-2.7% | $350.9M+5.2% | $333.6M-12.6% | $381.5M+4.5% | $365.0M+1.2% | $360.7M |
| Retained Earnings | $249.8M+0.3% | $249.0M+6.1% | $234.7M-4.4% | $245.3M+6.7% | $230.0M-17.4% | $278.5M+5.6% | $263.8M+1.4% | $260.1M |
IIIN Cash Flow Statement
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$701K-102.5% | $28.5M+959.1% | -$3.3M-120.4% | $16.2M-25.7% | $21.8M-43.8% | $38.9M-16.5% | $46.6M+41.1% | $33.0M |
| Capital Expenditures | $1.5M-6.4% | $1.6M-28.3% | $2.2M+31.8% | $1.7M-86.2% | $12.3M+199.4% | $4.1M-43.1% | $7.2M-12.2% | $8.2M |
| Free Cash Flow | -$2.2M-108.2% | $26.9M+585.4% | -$5.5M-138.1% | $14.5M+52.0% | $9.6M-72.5% | $34.8M-11.7% | $39.4M+58.7% | $24.8M |
| Investing Cash Flow | -$1.6M+34.6% | -$2.5M-3.1% | -$2.4M-36.1% | -$1.8M+85.8% | -$12.4M-196.8% | -$4.2M+41.3% | -$7.1M-533.4% | $1.6M |
| Financing Cash Flow | -$20.7M-2519.8% | -$791K+56.3% | -$1.8M-168.9% | -$673K+98.6% | -$49.5M-6312.8% | -$772K+60.3% | -$1.9M+95.2% | -$40.3M |
| Dividends Paid | $20.0M+3332.6% | $582K0.0% | $582K-0.2% | $583K-98.8% | $49.2M+8323.1% | $584K0.0% | $584K-98.5% | $39.5M |
| Share Buybacks | $745K+232.6% | $224K-80.1% | $1.1M | $0-100.0% | $539K | $0-100.0% | $1.0M+10.2% | $916K |
IIIN Financial Ratios
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.3%-5.8pp | 17.1%+1.8pp | 15.3%+3.0pp | 12.3%+7.1pp | 5.1%-20.4pp | 25.6%+17.2pp | 8.3%-2.3pp | 10.7% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 4.8%-3.7pp | 8.4%+2.1pp | 6.4%0.0pp | 6.4%+5.4pp | 0.9%-16.0pp | 17.0%+13.8pp | 3.2%-3.5pp | 6.7% |
| Return on Equity | 2.1%-2.1pp | 4.3%+1.3pp | 3.0%+0.2pp | 2.8%+2.5pp | 0.3%-10.2pp | 10.6%+9.2pp | 1.4%-1.7pp | 3.1% |
| Return on Assets | 1.7%-1.5pp | 3.2%+0.8pp | 2.4%+0.1pp | 2.4%+2.1pp | 0.3%-7.7pp | 8.0%+6.8pp | 1.2%-1.4pp | 2.6% |
| Current Ratio | 3.58+0.6 | 2.94-0.9 | 3.87-1.8 | 5.68-1.2 | 6.93+0.5 | 6.47+0.1 | 6.38-0.0 | 6.42 |
| Debt-to-Equity | 0.27-0.1 | 0.32+0.1 | 0.24+0.0 | 0.20+0.0 | 0.170.0 | 0.170.0 | 0.170.0 | 0.17 |
| FCF Margin | -1.4%-16.3pp | 15.0%+18.4pp | -3.5%-11.0pp | 7.6%-0.3pp | 7.9%+11.6pp | -3.8%-28.5pp | 24.8%+9.9pp | 14.9% |
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Frequently Asked Questions
What is Insteel Inds's annual revenue?
Insteel Inds (IIIN) reported $647.7M in total revenue for fiscal year 2025. This represents a 22.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Insteel Inds's revenue growing?
Insteel Inds (IIIN) revenue grew by 22.4% year-over-year, from $529.2M to $647.7M in fiscal year 2025.
Is Insteel Inds profitable?
Yes, Insteel Inds (IIIN) reported a net income of $41.0M in fiscal year 2025, with a net profit margin of 6.3%.
What is Insteel Inds's earnings per share (EPS)?
Insteel Inds (IIIN) reported diluted earnings per share of $2.10 for fiscal year 2025. This represents a 112.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Insteel Inds's gross margin?
Insteel Inds (IIIN) had a gross margin of 14.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Insteel Inds's net profit margin?
Insteel Inds (IIIN) had a net profit margin of 6.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Insteel Inds pay dividends?
Yes, Insteel Inds (IIIN) paid $1.12 per share in dividends during fiscal year 2025.
What is Insteel Inds's return on equity (ROE)?
Insteel Inds (IIIN) has a return on equity of 11.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Insteel Inds's free cash flow?
Insteel Inds (IIIN) generated $18.9M in free cash flow during fiscal year 2025. This represents a -51.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Insteel Inds's operating cash flow?
Insteel Inds (IIIN) generated $27.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Insteel Inds's total assets?
Insteel Inds (IIIN) had $462.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Insteel Inds's capital expenditures?
Insteel Inds (IIIN) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Insteel Inds buy back shares?
Yes, Insteel Inds (IIIN) spent $2.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Insteel Inds have outstanding?
Insteel Inds (IIIN) had 19M shares outstanding as of fiscal year 2025.
What is Insteel Inds's current ratio?
Insteel Inds (IIIN) had a current ratio of 3.97 as of fiscal year 2025, which is generally considered healthy.
What is Insteel Inds's debt-to-equity ratio?
Insteel Inds (IIIN) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Insteel Inds's return on assets (ROA)?
Insteel Inds (IIIN) had a return on assets of 8.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Insteel Inds's Piotroski F-Score?
Insteel Inds (IIIN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Insteel Inds's earnings high quality?
Insteel Inds (IIIN) has an earnings quality ratio of 0.66x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Insteel Inds?
Insteel Inds (IIIN) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.