IIIN · Insteel Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $647.71M | $529.20M | $649.19M | $826.83M | $590.60M | $472.62M |
| Cost of Revenue | $554.27M | $479.57M | $583.79M | $629.52M | $469.05M | $416.83M |
| Gross Profit | $93.44M | $49.63M | $65.40M | $197.31M | $121.55M | $55.79M |
| R&D | - | - | - | - | - | - |
| SG&A | $39.00M | $29.59M | $30.68M | $36.05M | $32.39M | $31.35M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $18.39M | $15.41M | $13.30M | $14.49M | $14.52M | $14.26M |
| Operating Income | $53.80M | $25.29M | $41.76M | $161.73M | $86.10M | $24.17M |
| Interest Expense | $52.0K | $89.0K | $87.0K | $91.0K | $96.0K | $106.0K |
| Income Tax | $12.79M | $5.98M | $9.34M | $36.72M | $19.49M | $5.16M |
| Net Income | $41.02M | $19.30M | $32.41M | $125.01M | $66.61M | $19.01M |
| EPS - Basic | $2.11 | $0.99 | $1.66 | $6.41 | $3.44 | $0.99 |
| EPS - Diluted | $2.10 | $0.99 | $1.66 | $6.37 | $3.41 | $0.98 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $38.63M | $111.54M | $125.67M | $48.32M | $89.88M | $68.69M |
| Accounts Receivable | $78.72M | $58.31M | $63.42M | $81.65M | $67.92M | $53.82M |
| Inventory | $137.78M | $88.84M | $103.31M | $197.65M | $79.05M | $68.96M |
| Accounts Payable | $48.17M | $37.49M | $34.35M | $46.80M | $49.44M | $38.96M |
| Current Assets | $261.95M | $267.29M | $298.85M | $335.33M | $246.91M | $197.04M |
| Total Assets | $462.65M | $422.55M | $447.51M | $471.75M | $390.71M | $337.90M |
| Current Liabilities | $66.01M | $47.03M | $46.16M | $62.60M | $68.85M | $53.68M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $371.53M | $350.86M | $381.50M | $389.74M | $302.04M | $264.80M |
| Retained Earnings | $262.75M | $245.34M | $278.50M | $289.25M | $206.38M | $171.07M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.16M | $58.21M | $142.20M | $5.67M | $69.88M | $56.22M |
| Investing Cash Flow | ($75.67M) | ($19.64M) | ($20.90M) | ($6.04M) | ($17.80M) | ($23.17M) |
| Financing Cash Flow | ($24.40M) | ($52.70M) | ($43.95M) | ($41.20M) | ($30.88M) | ($2.54M) |
| CapEx | $8.21M | $19.15M | $30.70M | $15.90M | $17.50M | $7.11M |
| Free Cash Flow | $18.95M | $39.06M | $111.50M | ($10.23M) | $52.38M | $49.11M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 14.4% | 9.4% | 10.1% | 23.9% | 20.6% | 11.8% |
| Operating margin | 8.3% | 4.8% | 6.4% | 19.6% | 14.6% | 5.1% |
| EBITDA margin | 11.1% | 7.7% | 8.5% | 21.3% | 17.0% | 8.1% |
| Net margin | 6.3% | 3.6% | 5.0% | 15.1% | 11.3% | 4.0% |
| Free cash flow margin | 2.9% | 7.4% | 17.2% | -1.2% | 8.9% | 10.4% |
| FCF / Net income | 0.46 | 2.02 | 3.44 | -0.08 | 0.79 | 2.58 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 6.0% | 5.6% | 4.7% | 4.4% | 5.5% | 6.6% |
| Effective tax rate | 23.8% | 23.7% | 22.4% | 22.7% | 22.6% | 21.4% |
| Return on assets | 8.9% | 4.6% | 7.2% | 26.5% | 17.0% | 5.6% |
| Return on equity | 11.0% | 5.5% | 8.5% | 32.1% | 22.1% | 7.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 3.97 | 5.68 | 6.47 | 5.36 | 3.59 | 3.67 |
| Quick ratio | 1.88 | 3.79 | 4.24 | 2.20 | 2.44 | 2.39 |
| Cash ratio | 0.59 | 2.37 | 2.72 | 0.77 | 1.31 | 1.28 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 1034.7x | 284.1x | 479.9x | 1777.2x | 896.9x | 228.0x |
| Equity multiplier | 1.25 | 1.20 | 1.17 | 1.21 | 1.29 | 1.28 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 1.40 | 1.25 | 1.45 | 1.75 | 1.51 | 1.40 |
| Inventory turnover | 4.02 | 5.40 | 5.65 | 3.18 | 5.93 | 6.04 |
| Days sales outstanding | 44d | 40d | 36d | 36d | 42d | 42d |
| Days inventory outstanding | 91d | 68d | 65d | 115d | 62d | 60d |
| Days payable outstanding | 32d | 29d | 21d | 27d | 38d | 34d |
| Cash conversion cycle | 103d | 79d | 79d | 124d | 65d | 68d |
| Valuation | ||||||
| P / E | 18.3x | 31.4x | 19.6x | 4.2x | 11.4x | 19.3x |
| P / B | 2.0x | 1.7x | 1.7x | 1.3x | 2.5x | 1.4x |
| P / S | 1.2x | 1.2x | 1.0x | 0.6x | 1.3x | 0.8x |
| EV / EBITDA | 9.9x | 12.2x | 9.3x | 2.7x | 6.7x | 7.8x |
| Growth | ||||||
| Revenue growth (YoY) | 22.4% | -18.5% | -21.5% | 40.0% | 25.0% | 3.7% |
| Revenue CAGR (3y) | -7.8% | -3.6% | 11.2% | 22.0% | 12.2% | 6.7% |
| Revenue CAGR (5y) | 6.5% | 3.0% | 9.2% | 16.3% | 7.1% | 1.1% |
| Gross profit growth (YoY) | 88.3% | -24.1% | -66.9% | 62.3% | 117.9% | 85.6% |
| Operating income growth (YoY) | 112.8% | -39.4% | -74.2% | 87.8% | 256.2% | 224.2% |
| Net income growth (YoY) | 112.5% | -40.4% | -74.1% | 87.7% | 250.4% | 239.6% |
| EPS growth (YoY) | 112.1% | -40.4% | -73.9% | 86.8% | 248.0% | 237.9% |
| EPS CAGR (3y) | -30.9% | -33.8% | 19.2% | 180.1% | 22.0% | -5.7% |
| EPS CAGR (5y) | 16.5% | 27.8% | -2.5% | 40.3% | 11.8% | - |
| FCF growth (YoY) | -51.5% | -65.0% | - | - | 6.7% | - |
| FCF CAGR (5y) | -17.3% | - | 25.7% | - | 4.7% | 11.4% |
| Book value growth (YoY) | 5.9% | -8.0% | -2.1% | 29.0% | 14.1% | 7.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-27.
Product / service
$647.71M totalWelded Wire Reinforcement$424.53M · 65.5%
PCStrand$223.18M · 34.5%
Geographic
$647.71M totalUS$644.02M · 99.4%
Non Us$3.68M · 0.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Steel Works, Blast Furnaces & Rolling & Finishing Mills
Comparing INSTEEL INDUSTRIES INC against the 5 most active filers in the same SIC group.
Dividends
$1.12/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $0.0300 |
| Nov 28, 2025 | $1.0300 |
| Sep 12, 2025 | $0.0300 |
| Jun 13, 2025 | $0.0300 |
| Mar 14, 2025 | $0.0300 |
| Nov 29, 2024 | $1.0300 |
| Sep 13, 2024 | $0.0300 |
| Jun 14, 2024 | $0.0300 |
| Mar 14, 2024 | $0.0300 |
| Dec 7, 2023 | $2.5300 |
| Sep 14, 2023 | $0.0300 |
| Jun 15, 2023 | $0.0300 |
| Mar 16, 2023 | $0.0300 |
| Dec 8, 2022 | $2.0300 |
| Sep 15, 2022 | $0.0300 |
| Jun 9, 2022 | $0.0300 |
| Mar 10, 2022 | $0.0300 |
| Dec 1, 2021 | $2.0300 |
| Sep 9, 2021 | $0.0300 |
| Jun 10, 2021 | $0.0300 |
| Mar 11, 2021 | $0.0300 |
| Nov 30, 2020 | $1.5300 |
| Sep 10, 2020 | $0.0300 |
| Jun 11, 2020 | $0.0300 |