Insteel Industries IIIN

Steel, Basic Materials

$27.77

−8.35%

Market cap: $537.6M
PE: 14.9×; 10y median 19.7×
Forward PE: n/m; not a meaningful number
Price to sales: 0.8×
EV/EBIT: 11.1×
Revenue, 12 months: $707.7M; +17% on a year ago
Net margin: 5.1%
Free cash flow yield: −1.8%

Insteel Industries trades at 14.9× trailing earnings, cheaper than 67% of the last ten years. Revenue was $707.7M over the last twelve months, up 17% on a year earlier with a 5% net margin.

Charts

Financials

Income statement for IIIN, by quarter
Income statement	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
	$157.5M−24%	$121.7M−27%	$127.4M−20%	$145.8M−12%	$134.3M−15%	$129.7M+7%	$160.7M+26%	$179.9M+23%	$177.4M+32%	$159.9M+23%	$172.7M+8%	$197.7M+10%
Cost of revenue	$143.5M−15%	$115.5M−23%	$111.7M−23%	$130.4M−10%	$122M−15%	$120.2M+4%	$136.1M+22%	$149.1M+14%	$148.8M+22%	$141.9M+18%	$156.2M+15%	$177.6M+19%
Gross profit	$14M−65%	$6.3M−65%	$15.7M+19%	$15.4M−24%	$12.3M−12%	$9.5M+52%	$24.5M+56%	$30.8M+100%	$28.6M+133%	$18.1M+90%	$16.5M−33%	$20.1M−35%
SG&A	$8.1M−2%	$6.4M−11%	$7.9M+5%	$7.9M−1%	$7.5M−8%	$7.9M+24%	$10.8M+37%	$10.6M+35%	$9.7M+30%	$8.8M+11%	$9.7M−10%	$8.5M−20%
	$5.9M−81%	−$97K	$7.8M+36%	$7.5M−40%	$4.7M−19%	$675K	$13M+66%	$19.3M+157%	$18.8M+298%	$9.2M+1270%	$6.8M−48%	$11.6M−40%
Interest expense	$20K−13%	$29K+21%	$28K+22%	$19K−5%	$13K−35%	$13K−55%	$13K−54%	$14K−26%	$12K−8%	$13K+0%	$23K+77%	$12K−14%
Pre-tax income	$7.3M−77%	$1.6M−89%	$8.9M+37%	$8.7M−36%	$6.1M−17%	$1.5M−6%	$13.3M+49%	$19.8M+127%	$19.2M+218%	$9.6M+558%	$6.8M−49%	$11.7M−41%
	$1.6M−78%	$423K−87%	$2M+40%	$2.2M−28%	$1.4M−15%	$381K−10%	$3.1M+54%	$4.6M+114%	$4.7M+237%	$2M+431%	$1.6M−49%	$2.7M−42%
Net income	$5.6M−77%	$1.1M−90%	$6.9M+36%	$6.6M−38%	$4.7M−17%	$1.1M−5%	$10.2M+47%	$15.2M+131%	$14.6M+212%	$7.6M+602%	$5.2M−49%	$9M−41%
	$0.29−77%	$0.06−90%	$0.35+35%	$0.34−37%	$0.24−17%	$0.06+0%	$0.52+49%	$0.78+129%	$0.74+208%	$0.39+550%	$0.27−48%	$0.46−41%
	19.6M−0%	19.6M−0%	19.6M+0%	19.6M+0%	19.6M+0%	19.6M−0%	19.5M−0%	19.6M−0%	19.6M+0%	19.6M+0%	19.6M+0%	19.5M−0%

Operating income: 65 periods, Q3 FY10 to Q3 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: 14 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY10 and Q4 FY19: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 14 periods, Q4 FY11 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Steel nearest Insteel Industries' size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
IIINInsteel Industries	$537.6M	14.9×	19.7×	0.8×	+17%	5.1%
MTUSMetallus	$846M	107×	14.6×	0.7×	+16%	0.7%
FRDFriedman Industries	$301.7M	10.9×	9.3×	0.4×	+62%	3.6%
WORWorthington Enterprises	$3.1B	19.2×	9.7×	2.2×	+18%	11.5%
CSTMConstellium	$3.1B	6.0×	11.6×	0.3×	+26%	5.7%
BWENBroadwind	$68.6M	n/m	12.9×	0.5×	+17%	3.9%
Peer median	$846M	15.1×	11.6×	0.5×	+18%	3.9%