Insteel Industries (IIIN) Financials

$36.58 +0.92 (+2.58%)

Closing price 03:59 PM Eastern

Extended Trading

$36.65 +0.07 (+0.19%)

As of 07:11 PM Eastern

Annual Income Statements for Insteel Industries

This table shows Insteel Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/28/2024	9/30/2023	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	19	32	125
Consolidated Net Income / (Loss)	19	32	125
Net Income / (Loss) Continuing Operations	19	32	125
Total Pre-Tax Income	25	42	162
Total Operating Income	20	35	162
Total Gross Profit	50	65	197
Total Revenue	529	649	827
Operating Revenue	529	649	827
Total Cost of Revenue	480	584	630
Operating Cost of Revenue	480	584	630
Total Operating Expenses	30	31	36
Selling, General & Admin Expense	30	31	36
Restructuring Charge	0.06	0.00	-0.32
Total Other Income / (Expense), net	5.31	7.04	0.15
Interest Expense	0.09	0.09	0.09
Interest & Investment Income	5.43	3.71	0.33
Other Income / (Expense), net	-0.04	3.42	-0.09
Income Tax Expense	5.98	9.34	37
Basic Earnings per Share	$0.99	$1.66	$6.41
Weighted Average Basic Shares Outstanding	19.50M	19.50M	19.52M
Diluted Earnings per Share	$0.99	$1.66	$6.37
Weighted Average Diluted Shares Outstanding	19.58M	19.57M	19.63M
Weighted Average Basic & Diluted Shares Outstanding	19.45M	19.45M	19.48M
Cash Dividends to Common per Share	$2.62	$2.12	$2.12

This table shows Insteel Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	10	1.08	4.67	6.57	6.94	1.13	5.63	11	5.10	11	24
Consolidated Net Income / (Loss)	10	1.08	4.67	6.57	6.94	1.13	5.63	11	5.10	11	24
Net Income / (Loss) Continuing Operations	10	1.08	4.67	6.57	6.94	1.13	5.63	11	5.10	11	24
Total Pre-Tax Income	13	1.46	6.06	8.72	8.95	1.56	7.26	14	6.54	14	32
Total Operating Income	13	0.68	4.73	7.51	7.84	-0.10	5.85	12	5.76	11	31
Total Gross Profit	25	9.53	12	15	16	6.27	14	20	13	18	40
Total Revenue	161	130	134	146	127	122	158	166	159	167	208
Operating Revenue	161	130	134	146	127	122	158	166	159	167	208
Total Cost of Revenue	136	120	122	130	112	115	144	145	146	149	168
Operating Cost of Revenue	136	120	122	130	112	115	144	145	146	149	168
Total Operating Expenses	11	8.85	7.53	7.88	7.88	6.37	8.13	7.92	7.51	7.13	8.33
Selling, General & Admin Expense	11	7.89	7.47	7.88	7.88	6.37	8.13	7.92	7.51	7.13	8.33
Restructuring Charge	0.69	0.97	-	-	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	0.29	0.79	1.33	1.21	1.11	1.65	1.40	1.10	0.78	3.76	0.09
Interest Expense	0.01	0.01	0.01	0.02	0.03	0.03	0.02	0.02	0.02	0.02	0.02
Interest & Investment Income	0.32	0.79	1.38	1.25	1.15	1.66	1.42	1.10	0.75	0.44	0.22
Other Income / (Expense), net	-0.02	0.01	-0.04	-0.02	-0.01	0.02	-	0.02	0.06	3.34	-0.10
Income Tax Expense	3.10	0.38	1.39	2.16	2.01	0.42	1.63	2.98	1.44	3.30	7.25
Basic Earnings per Share	$0.53	$0.06	$0.23	$0.34	$0.36	$0.06	$0.29	$0.54	$0.26	$0.57	$1.25
Weighted Average Basic Shares Outstanding	19.48M	19.50M	19.50M	19.50M	19.51M	19.50M	19.50M	19.49M	19.50M	19.53M	19.52M
Diluted Earnings per Share	$0.52	$0.06	$0.24	$0.34	$0.35	$0.06	$0.29	$0.54	$0.26	$0.57	$1.24
Weighted Average Diluted Shares Outstanding	19.53M	19.55M	19.58M	19.57M	19.59M	19.57M	19.57M	19.55M	19.56M	19.58M	19.63M
Weighted Average Basic & Diluted Shares Outstanding	19.41M	19.43M	19.45M	19.44M	19.48M	19.45M	19.45M	19.43M	19.44M	19.45M	19.48M
Cash Dividends to Common per Share	$0.03	$1.03	$0.03	$0.03	$0.03	$2.53	$0.03	$0.03	$0.03	$2.03	$0.03

This table details how cash moves in and out of Insteel Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/28/2024	9/30/2023	10/1/2022
Net Change in Cash & Equivalents	-14	77	-42
Net Cash From Operating Activities	58	142	5.67
Net Cash From Continuing Operating Activities	58	142	5.67
Net Income / (Loss) Continuing Operations	19	32	125
Consolidated Net Income / (Loss)	19	32	125
Depreciation Expense	15	13	14
Amortization Expense	0.05	0.06	0.07
Non-Cash Adjustments To Reconcile Net Income	1.64	-1.38	1.59
Changes in Operating Assets and Liabilities, net	22	98	-135
Net Cash From Investing Activities	-20	-21	-6.04
Net Cash From Continuing Investing Activities	-20	-21	-6.04
Purchase of Property, Plant & Equipment	-19	-31	-16
Sale of Property, Plant & Equipment	0.00	9.92	0.00
Other Investing Activities, net	-0.49	-0.12	9.86
Net Cash From Financing Activities	-53	-44	-41
Net Cash From Continuing Financing Activities	-53	-44	-41
Repayment of Debt	-0.30	-0.50	-0.27
Repurchase of Common Equity	-1.84	-2.33	-1.20
Payment of Dividends	-51	-41	-41
Issuance of Debt	0.30	0.32	0.27
Other Financing Activities, net	0.08	-0.19	1.17
Cash Income Taxes Paid	3.33	7.83	41

This table details how cash moves in and out of Insteel Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	-7.53	-76	14	14	-1.67	-40	34	12	38	-5.68	-15
Net Cash From Operating Activities	-3.32	19	16	19	1.38	22	39	24	47	33	-9.44
Net Cash From Continuing Operating Activities	-3.32	19	16	19	1.38	22	39	24	47	33	-9.44
Net Income / (Loss) Continuing Operations	10	1.08	4.67	6.57	6.94	1.13	5.63	11	5.10	11	24
Consolidated Net Income / (Loss)	10	1.08	4.67	6.57	6.94	1.13	5.63	11	5.10	11	24
Depreciation Expense	4.60	4.43	4.00	3.84	3.87	3.71	3.47	3.26	3.22	3.35	3.51
Amortization Expense	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02
Non-Cash Adjustments To Reconcile Net Income	1.69	0.62	0.72	0.56	0.64	-0.28	1.26	0.30	0.61	-3.56	1.15
Changes in Operating Assets and Liabilities, net	-20	13	6.83	7.79	-10	17	29	9.61	38	22	-38
Net Cash From Investing Activities	-2.40	-74	-1.76	-3.29	-2.20	-12	-4.17	-11	-7.10	1.64	-3.30
Net Cash From Continuing Investing Activities	-2.40	-74	-1.76	-3.29	-2.20	-12	-4.17	-11	-7.10	1.64	-3.30
Purchase of Property, Plant & Equipment	-2.23	-2.67	-1.69	-3.24	-1.96	-12	-4.10	-11	-7.20	-8.20	-3.65
Sale of Property, Plant & Equipment	0.04	0.00	-	0.00	-	0.00	-	0.00	-	9.92	-
Other Investing Activities, net	-0.21	0.18	-0.07	-0.05	-0.25	-0.12	-0.07	-0.06	0.10	-0.08	0.35
Net Cash From Financing Activities	-1.81	-21	-0.67	-1.68	-0.84	-50	-0.77	-0.91	-1.94	-40	-1.99
Net Cash From Continuing Financing Activities	-1.81	-21	-0.67	-1.68	-0.84	-50	-0.77	-0.91	-1.94	-40	-1.99
Repayment of Debt	-0.07	-0.07	-0.07	-0.10	-0.07	-0.07	-0.07	-0.13	-0.24	-0.07	-0.05
Repurchase of Common Equity	-1.13	-0.62	-	-0.99	-0.30	-0.54	-	-0.40	-1.01	-0.92	-1.20
Payment of Dividends	-0.58	-20	-0.58	-0.58	-0.58	-49	-0.58	-0.58	-0.58	-40	-0.58
Issuance of Debt	0.07	0.07	0.07	0.10	0.07	0.07	0.07	0.11	0.08	0.07	0.05
Other Financing Activities, net	-0.10	0.00	-0.09	-0.10	0.04	0.22	-0.19	0.09	-0.19	0.09	-0.20
Cash Income Taxes Paid	0.24	0.04	0.07	2.54	0.72	0.01	2.37	1.33	3.95	0.19	11

This table presents Insteel Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/28/2024	9/30/2023	10/1/2022
Total Assets	423	448	472
Total Current Assets	267	299	335
Cash & Equivalents	112	126	48
Accounts Receivable	58	63	82
Inventories, net	89	103	198
Other Current Assets	8.61	6.45	7.72
Plant, Property, & Equipment, net	126	120	108
Total Noncurrent Assets	30	29	28
Goodwill	9.75	9.75	9.75
Intangible Assets	5.34	6.09	6.85
Other Noncurrent Operating Assets	15	13	12
Total Liabilities & Shareholders' Equity	423	448	472
Total Liabilities	72	66	82
Total Current Liabilities	47	46	63
Accounts Payable	37	34	47
Accrued Expenses	9.55	12	16
Total Noncurrent Liabilities	25	20	19
Other Noncurrent Operating Liabilities	25	20	19
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	351	382	390
Total Preferred & Common Equity	351	382	390
Total Common Equity	351	382	390
Common Stock	106	103	101
Retained Earnings	245	279	289
Accumulated Other Comprehensive Income / (Loss)	-0.61	-0.28	-0.98

This table presents Insteel Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	12/28/2024	6/29/2024	3/30/2024	12/30/2023	7/1/2023	4/1/2023	12/31/2022	7/2/2022
Total Assets	422	405	415	397	391	445	428	424	481
Total Current Assets	211	192	257	240	232	298	288	288	344
Cash & Equivalents	28	36	98	84	86	92	80	43	63
Accounts Receivable	80	49	61	56	43	66	66	69	81
Inventories, net	96	99	89	93	94	133	136	171	192
Other Current Assets	6.54	8.42	8.77	7.68	8.71	6.41	5.36	5.60	7.00
Plant, Property, & Equipment, net	134	136	128	128	129	119	112	107	108
Total Noncurrent Assets	77	76	30	30	29	29	28	28	29
Goodwill	38	36	9.75	9.75	9.75	9.75	9.75	9.75	9.75
Intangible Assets	18	18	5.53	5.72	5.90	6.28	6.47	6.65	7.05
Other Noncurrent Operating Assets	22	22	14	15	14	13	12	12	12
Total Liabilities & Shareholders' Equity	422	405	415	397	391	445	428	424	481
Total Liabilities	80	73	69	57	57	70	63	63	116
Total Current Liabilities	54	47	45	33	33	51	45	45	95
Accounts Payable	43	37	35	25	24	38	37	31	77
Accrued Expenses	11	10	9.89	7.98	9.59	13	8.15	14	18
Total Noncurrent Liabilities	26	26	24	23	24	19	18	18	21
Other Noncurrent Operating Liabilities	26	26	24	23	24	19	18	18	21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	-
Total Equity & Noncontrolling Interests	341	332	346	341	334	375	365	361	365
Total Preferred & Common Equity	341	332	346	341	334	375	365	361	365
Total Common Equity	341	332	346	341	334	375	365	361	365
Common Stock	107	106	105	105	104	103	102	102	101
Retained Earnings	235	226	241	236	230	273	264	260	267
Accumulated Other Comprehensive Income / (Loss)	-0.61	-0.61	-0.28	-0.28	-0.28	-0.98	-0.98	-0.98	-2.44

This table displays calculated financial ratios and metrics derived from Insteel Industries' official financial filings.

Metric	2024	2023	2022
Period end date	9/28/2024	9/30/2023	10/1/2022
Growth Metrics	-	-	-
Revenue Growth	-18.48%	-21.48%	40.00%
EBITDA Growth	-31.25%	-70.75%	74.71%
EBIT Growth	-47.71%	-76.39%	87.39%
NOPAT Growth	-43.40%	-78.42%	87.09%
Net Income Growth	-40.44%	-74.07%	87.68%
EPS Growth	-40.36%	-73.94%	86.80%
Operating Cash Flow Growth	-59.07%	2,407.94%	-91.89%
Free Cash Flow Firm Growth	-71.77%	2,671.41%	-108.63%
Invested Capital Growth	-6.46%	-25.07%	60.93%
Revenue Q/Q Growth	-4.20%	-7.21%	4.65%
EBITDA Q/Q Growth	-1.75%	-33.16%	-0.77%
EBIT Q/Q Growth	-5.50%	-40.08%	-0.72%
NOPAT Q/Q Growth	-5.55%	-42.25%	-0.73%
Net Income Q/Q Growth	-4.72%	-36.56%	-0.67%
EPS Q/Q Growth	-4.81%	-36.40%	-0.78%
Operating Cash Flow Q/Q Growth	-28.01%	51.47%	-70.97%
Free Cash Flow Firm Q/Q Growth	-37.95%	72.57%	-139.40%
Invested Capital Q/Q Growth	-3.61%	-9.70%	13.10%
Profitability Metrics	-	-	-
Gross Margin	9.38%	10.07%	23.86%
EBITDA Margin	6.69%	7.93%	21.29%
Operating Margin	3.78%	5.35%	19.54%
EBIT Margin	3.77%	5.87%	19.53%
Profit (Net Income) Margin	3.65%	4.99%	15.12%
Tax Burden Percent	76.34%	77.63%	77.30%
Interest Burden Percent	126.80%	109.49%	100.15%
Effective Tax Rate	23.66%	22.37%	22.70%
Return on Invested Capital (ROIC)	6.16%	9.02%	45.12%
ROIC Less NNEP Spread (ROIC-NNEP)	2.75%	2.74%	44.96%
Return on Net Nonoperating Assets (RNNOA)	-0.89%	-0.62%	-8.98%
Return on Equity (ROE)	5.27%	8.41%	36.14%
Cash Return on Invested Capital (CROIC)	12.83%	37.69%	-1.58%
Operating Return on Assets (OROA)	4.58%	8.30%	37.45%
Return on Assets (ROA)	4.44%	7.05%	28.99%
Return on Common Equity (ROCE)	5.27%	8.41%	36.14%
Return on Equity Simple (ROE_SIMPLE)	5.50%	8.50%	32.08%
Net Operating Profit after Tax (NOPAT)	15	27	125
NOPAT Margin	2.88%	4.15%	15.11%
Net Nonoperating Expense Percent (NNEP)	3.42%	6.28%	0.16%
Cost of Revenue to Revenue	90.62%	89.93%	76.14%
SG&A Expenses to Revenue	5.59%	4.73%	4.36%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.60%	4.73%	4.32%
Earnings before Interest and Taxes (EBIT)	20	38	161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	51	176
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.71	1.53	1.14
Price to Tangible Book Value (P/TBV)	1.79	1.60	1.20
Price to Revenue (P/Rev)	1.13	0.90	0.54
Price to Earnings (P/E)	31.10	18.05	3.57
Dividend Yield	8.39%	0.40%	0.52%
Earnings Yield	3.22%	5.54%	28.02%
Enterprise Value to Invested Capital (EV/IC)	2.04	1.80	1.17
Enterprise Value to Revenue (EV/Rev)	0.92	0.71	0.48
Enterprise Value to EBITDA (EV/EBITDA)	13.81	8.92	2.26
Enterprise Value to EBIT (EV/EBIT)	24.52	12.05	2.46
Enterprise Value to NOPAT (EV/NOPAT)	32.05	17.05	3.19
Enterprise Value to Operating Cash Flow (EV/OCF)	8.40	3.23	70.17
Enterprise Value to Free Cash Flow (EV/FCFF)	15.39	4.08	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.32	-0.23	-0.20
Leverage Ratio	1.19	1.19	1.25
Compound Leverage Factor	1.51	1.31	1.25
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	7.87	8.60	7.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	5.68	6.48	5.36
Quick Ratio	3.61	4.10	2.08
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	32	113	-4.38
Operating Cash Flow to CapEx	304.03%	684.38%	35.66%
Free Cash Flow to Firm to Interest Expense	356.98	1,293.58	-48.09
Operating Cash Flow to Interest Expense	654.01	1,634.48	62.31
Operating Cash Flow Less CapEx to Interest Expense	438.90	1,395.66	-112.42
Efficiency Ratios	-	-	-
Asset Turnover	1.22	1.41	1.92
Accounts Receivable Turnover	8.69	8.95	11.06
Inventory Turnover	4.99	3.88	4.55
Fixed Asset Turnover	4.31	5.69	7.74
Accounts Payable Turnover	13.35	14.39	13.08
Days Sales Outstanding (DSO)	41.98	40.78	33.01
Days Inventory Outstanding (DIO)	73.12	94.08	80.22
Days Payable Outstanding (DPO)	27.34	25.37	27.90
Cash Conversion Cycle (CCC)	87.77	109.50	85.33
Capital & Investment Metrics	-	-	-
Invested Capital	239	256	341
Invested Capital Turnover	2.14	2.17	2.99
Increase / (Decrease) in Invested Capital	-17	-86	129
Enterprise Value (EV)	489	460	398
Market Capitalization	600	585	446
Book Value per Share	$18.04	$19.63	$19.98
Tangible Book Value per Share	$17.27	$18.82	$19.13
Total Capital	351	382	390
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-112	-126	-48
Capital Expenditures (CapEx)	19	21	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	109	127	224
Debt-free Net Working Capital (DFNWC)	220	253	273
Net Working Capital (NWC)	220	253	273
Net Nonoperating Expense (NNE)	-4.05	-5.47	-0.11
Net Nonoperating Obligations (NNO)	-112	-126	-48
Total Depreciation and Amortization (D&A)	15	13	15
Debt-free, Cash-free Net Working Capital to Revenue	20.54%	19.57%	27.14%
Debt-free Net Working Capital to Revenue	41.62%	38.93%	32.99%
Net Working Capital to Revenue	41.62%	38.93%	32.99%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.99	$1.66	$6.41
Adjusted Weighted Average Basic Shares Outstanding	19.50M	19.50M	19.52M
Adjusted Diluted Earnings per Share	$0.99	$1.66	$6.37
Adjusted Weighted Average Diluted Shares Outstanding	19.58M	19.57M	19.63M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.45M	19.45M	19.48M
Normalized Net Operating Profit after Tax (NOPAT)	15	27	125
Normalized NOPAT Margin	2.89%	4.15%	15.08%
Pre Tax Income Margin	4.78%	6.43%	19.56%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	224.08	438.34	1,774.64
NOPAT to Interest Expense	171.39	309.75	1,372.50
EBIT Less CapEx to Interest Expense	8.97	199.52	1,599.91
NOPAT Less CapEx to Interest Expense	-43.73	70.92	1,197.77
Payout Ratios	-	-	-
Dividend Payout Ratio	263.88%	127.26%	32.93%
Augmented Payout Ratio	273.39%	134.44%	33.89%

This table displays calculated financial ratios and metrics derived from Insteel Industries' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.11%	6.57%	-14.74%	-12.03%	-19.90%	-27.07%	-24.26%	-27.05%	-25.40%	-6.48%	21.45%
EBITDA Growth	50.62%	40.69%	-6.74%	-27.94%	29.36%	-79.00%	-73.24%	-70.57%	-83.21%	-48.56%	-3.75%
EBIT Growth	66.29%	1,018.67%	-19.83%	-39.89%	34.72%	-100.54%	-81.33%	-74.99%	-88.43%	-53.39%	-3.62%
NOPAT Growth	64.70%	806.80%	-19.77%	-41.76%	35.33%	-100.86%	-81.27%	-74.80%	-88.49%	-64.45%	-3.66%
Net Income Growth	47.43%	-4.51%	-17.01%	-37.86%	36.03%	-89.82%	-76.85%	-72.60%	-86.93%	-51.91%	-3.36%
EPS Growth	48.57%	0.00%	-17.24%	-37.04%	34.62%	-89.47%	-76.61%	-72.45%	-86.93%	-51.69%	-3.88%
Operating Cash Flow Growth	-340.96%	-13.06%	-58.25%	-21.00%	-97.04%	-33.85%	511.63%	579.71%	623.62%	142.14%	-313.86%
Free Cash Flow Firm Growth	-235.29%	-167.47%	-77.63%	44.06%	237.40%	180.62%	185.81%	137.09%	-49.98%	-1,274.33%	-1,251.83%
Invested Capital Growth	21.94%	19.24%	-6.46%	-12.37%	-9.88%	-22.03%	-25.07%	-6.15%	11.51%	42.62%	60.93%
Revenue Q/Q Growth	23.85%	-3.41%	-7.87%	14.43%	4.66%	-22.73%	-4.94%	4.19%	-4.70%	-19.76%	-8.44%
EBITDA Q/Q Growth	243.75%	-41.06%	-23.25%	-3.13%	221.09%	-60.93%	-40.70%	73.91%	-47.88%	-50.22%	-34.78%
EBIT Q/Q Growth	1,789.99%	-85.32%	-37.38%	-4.30%	10,541.33%	-101.28%	-53.04%	114.47%	-58.48%	-55.35%	-37.08%
NOPAT Q/Q Growth	1,905.88%	-86.29%	-35.59%	-6.99%	8,708.00%	-101.56%	-53.24%	116.10%	-45.38%	-66.07%	-37.07%
Net Income Q/Q Growth	846.35%	-76.85%	-28.88%	-5.39%	512.99%	-79.88%	-46.75%	107.12%	-54.14%	-54.24%	-36.96%
EPS Q/Q Growth	766.67%	-75.00%	-29.41%	-2.86%	483.33%	-79.31%	-46.30%	107.69%	-54.39%	-54.03%	-36.73%
Operating Cash Flow Q/Q Growth	-117.48%	16.97%	-13.52%	1,262.89%	-93.69%	-43.83%	63.65%	-48.99%	41.08%	449.49%	-90.71%
Free Cash Flow Firm Q/Q Growth	1.94%	-334.23%	-50.48%	18.95%	-51.10%	-22.35%	218.95%	213.45%	71.31%	17.35%	-37.85%
Invested Capital Q/Q Growth	5.85%	23.56%	-3.61%	-3.27%	3.51%	-3.07%	-9.70%	-0.53%	-10.44%	-6.85%	13.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.27%	7.35%	9.13%	10.56%	12.34%	5.15%	8.88%	12.29%	8.34%	10.66%	19.13%
EBITDA Margin	10.98%	3.96%	6.48%	7.78%	9.19%	3.00%	5.93%	9.50%	5.69%	10.41%	16.77%
Operating Margin	8.12%	0.52%	3.52%	5.15%	6.15%	-0.08%	3.72%	7.51%	3.62%	6.39%	15.13%
EBIT Margin	8.11%	0.53%	3.49%	5.14%	6.15%	-0.06%	3.72%	7.52%	3.65%	8.39%	15.08%
Profit (Net Income) Margin	6.37%	0.83%	3.48%	4.50%	5.45%	0.93%	3.57%	6.38%	3.21%	6.66%	11.69%
Tax Burden Percent	76.77%	73.94%	77.02%	75.29%	77.53%	72.80%	77.54%	78.01%	78.03%	77.15%	77.03%
Interest Burden Percent	102.33%	212.19%	129.17%	116.36%	114.29%	-2,073.33%	123.95%	108.64%	112.45%	102.97%	100.62%
Effective Tax Rate	23.23%	26.06%	22.98%	24.71%	22.47%	27.20%	22.46%	22.00%	21.97%	22.85%	22.97%
Return on Invested Capital (ROIC)	12.48%	0.76%	5.80%	8.06%	10.09%	-0.12%	6.26%	14.01%	7.96%	14.85%	34.81%
ROIC Less NNEP Spread (ROIC-NNEP)	12.09%	-0.20%	4.93%	7.10%	9.04%	-2.00%	5.01%	12.90%	7.14%	9.36%	34.71%
Return on Net Nonoperating Assets (RNNOA)	-1.99%	0.04%	-1.60%	-1.87%	-2.10%	0.37%	-1.13%	-2.70%	-1.55%	-1.53%	-6.93%
Return on Equity (ROE)	10.49%	0.80%	4.20%	6.19%	7.98%	0.25%	5.13%	11.31%	6.41%	13.32%	27.88%
Cash Return on Invested Capital (CROIC)	-12.82%	-11.72%	12.83%	19.26%	17.85%	31.32%	37.69%	22.29%	17.05%	5.53%	-1.58%
Operating Return on Assets (OROA)	11.29%	0.72%	4.25%	6.60%	8.52%	-0.09%	5.25%	11.36%	6.55%	17.26%	28.91%
Return on Assets (ROA)	8.87%	1.13%	4.23%	5.79%	7.55%	1.38%	5.04%	9.63%	5.75%	13.71%	22.41%
Return on Common Equity (ROCE)	10.49%	0.80%	4.20%	6.19%	7.98%	0.25%	5.13%	11.31%	6.41%	13.32%	27.88%
Return on Equity Simple (ROE_SIMPLE)	6.60%	5.81%	0.00%	5.86%	7.12%	6.72%	0.00%	13.62%	21.67%	31.33%	0.00%
Net Operating Profit after Tax (NOPAT)	10	0.50	3.64	5.65	6.08	-0.07	4.54	9.71	4.49	8.22	24
NOPAT Margin	6.23%	0.38%	2.71%	3.88%	4.77%	-0.06%	2.88%	5.86%	2.82%	4.93%	11.65%
Net Nonoperating Expense Percent (NNEP)	0.39%	0.96%	0.87%	0.96%	1.05%	1.88%	1.25%	1.11%	0.81%	5.49%	0.10%
Return On Investment Capital (ROIC_SIMPLE)	2.93%	0.15%	-	-	-	-0.02%	-	-	-	-	-
Cost of Revenue to Revenue	84.73%	92.65%	90.87%	89.44%	87.66%	94.85%	91.12%	87.71%	91.66%	89.34%	80.87%
SG&A Expenses to Revenue	6.72%	6.08%	5.56%	5.40%	6.18%	5.23%	5.16%	4.78%	4.72%	4.27%	4.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.15%	6.83%	5.61%	5.40%	6.18%	5.23%	5.16%	4.78%	4.72%	4.27%	4.01%
Earnings before Interest and Taxes (EBIT)	13	0.69	4.69	7.49	7.83	-0.08	5.85	12	5.81	14	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	18	5.13	8.71	11	12	3.65	9.34	16	9.05	17	35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	1.62	1.71	1.74	2.18	2.15	1.53	1.50	1.37	1.38	1.14
Price to Tangible Book Value (P/TBV)	1.79	1.93	1.79	1.82	2.28	2.26	1.60	1.56	1.44	1.44	1.20
Price to Revenue (P/Rev)	0.90	1.00	1.13	1.09	1.30	1.19	0.90	0.80	0.66	0.61	0.54
Price to Earnings (P/E)	22.70	27.83	31.10	29.76	30.61	32.00	18.05	10.99	6.34	4.39	3.57
Dividend Yield	4.25%	4.07%	8.39%	8.37%	6.78%	7.02%	0.40%	0.42%	0.47%	0.47%	0.52%
Earnings Yield	4.41%	3.59%	3.22%	3.36%	3.27%	3.12%	5.54%	9.10%	15.77%	22.77%	28.02%
Enterprise Value to Invested Capital (EV/IC)	1.54	1.69	2.04	2.03	2.57	2.55	1.80	1.66	1.48	1.43	1.17
Enterprise Value to Revenue (EV/Rev)	0.85	0.93	0.92	0.91	1.15	1.05	0.71	0.67	0.55	0.56	0.48
Enterprise Value to EBITDA (EV/EBITDA)	11.29	13.55	13.81	14.02	16.29	16.73	8.92	6.09	3.67	2.84	2.26
Enterprise Value to EBIT (EV/EBIT)	18.66	24.14	24.52	23.94	25.26	26.27	12.05	7.38	4.17	3.12	2.46
Enterprise Value to NOPAT (EV/NOPAT)	24.43	31.52	32.05	31.28	32.64	33.99	17.05	10.06	5.58	4.13	3.19
Enterprise Value to Operating Cash Flow (EV/OCF)	9.54	9.03	8.40	6.25	7.67	4.82	3.23	5.00	6.47	18.11	70.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	15.39	9.87	13.63	7.13	4.08	7.20	9.15	30.35	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.16	-0.18	-0.32	-0.26	-0.23	-0.18	-0.23	-0.21	-0.22	-0.16	-0.20
Leverage Ratio	1.20	1.20	1.19	1.19	1.17	1.17	1.19	1.25	1.23	1.23	1.25
Compound Leverage Factor	1.23	2.54	1.53	1.39	1.34	-24.32	1.48	1.36	1.38	1.26	1.25
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.49	6.95	7.75	8.10	10.83	10.54	8.36	7.98	8.12	8.30	6.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.87	4.09	5.68	5.75	7.18	6.93	6.48	5.83	6.38	6.42	5.36
Quick Ratio	1.99	1.81	3.61	3.56	4.18	3.86	4.10	3.10	3.24	2.48	2.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-46	-47	20	41	34	70	90	28	-25	-87	-105
Operating Cash Flow to CapEx	-151.58%	711.77%	960.86%	580.30%	70.36%	178.02%	948.61%	212.10%	646.74%	0.00%	-258.81%
Free Cash Flow to Firm to Interest Expense	-3,561.68	-3,632.30	1,550.73	2,142.59	1,222.30	2,413.29	4,506.60	1,412.96	-1,082.98	-3,617.17	-4,566.84
Operating Cash Flow to Interest Expense	-255.23	1,460.23	1,248.38	987.74	49.18	752.90	1,943.70	1,187.75	2,024.57	1,375.25	-410.61
Operating Cash Flow Less CapEx to Interest Expense	-423.62	1,255.08	1,118.46	817.53	-20.71	329.97	1,738.80	627.75	1,711.52	1,446.92	-569.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.39	1.35	1.22	1.28	1.39	1.48	1.41	1.51	1.79	2.06	1.92
Accounts Receivable Turnover	8.43	11.58	8.69	8.66	9.43	10.77	8.95	9.48	10.39	11.45	11.06
Inventory Turnover	5.40	5.02	4.99	4.50	4.51	4.15	3.88	3.74	4.80	5.08	4.55
Fixed Asset Turnover	4.36	4.04	4.31	4.48	4.78	5.11	5.69	6.16	6.95	7.74	7.74
Accounts Payable Turnover	14.87	15.99	13.35	13.75	16.55	20.13	14.39	10.56	13.25	19.42	13.08
Days Sales Outstanding (DSO)	43.30	31.53	41.98	42.15	38.72	33.88	40.78	38.48	35.14	31.87	33.01
Days Inventory Outstanding (DIO)	67.64	72.66	73.12	81.04	81.00	88.02	94.08	97.65	76.08	71.79	80.22
Days Payable Outstanding (DPO)	24.54	22.83	27.34	26.55	22.05	18.13	25.37	34.56	27.54	18.79	27.90
Cash Conversion Cycle (CCC)	86.40	81.36	87.77	96.64	97.66	103.77	109.50	101.57	83.68	84.86	85.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	313	296	239	248	257	248	256	283	285	318	341
Invested Capital Turnover	2.00	1.98	2.14	2.08	2.11	2.13	2.17	2.39	2.82	3.01	2.99
Increase / (Decrease) in Invested Capital	56	48	-17	-35	-28	-70	-86	-19	29	95	129
Enterprise Value (EV)	483	500	489	505	659	632	460	470	421	454	398
Market Capitalization	512	536	600	603	743	718	585	561	502	496	446
Book Value per Share	$17.57	$17.05	$18.04	$17.77	$17.51	$17.15	$19.63	$19.29	$18.76	$18.52	$19.98
Tangible Book Value per Share	$14.73	$14.29	$17.27	$16.98	$16.72	$16.34	$18.82	$18.47	$17.93	$17.68	$19.13
Total Capital	341	332	351	346	341	334	382	375	365	361	390
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-28	-36	-112	-98	-84	-86	-126	-92	-80	-43	-48
Capital Expenditures (CapEx)	2.19	2.67	1.69	3.23	1.96	12	4.10	11	7.20	-1.72	3.65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	128	109	109	115	122	113	127	155	163	201	224
Debt-free Net Working Capital (DFNWC)	156	145	220	212	206	198	253	247	243	243	273
Net Working Capital (NWC)	156	145	220	212	206	198	253	247	243	243	273
Net Nonoperating Expense (NNE)	-0.22	-0.58	-1.03	-0.91	-0.86	-1.20	-1.09	-0.86	-0.61	-2.90	-0.07
Net Nonoperating Obligations (NNO)	-28	-36	-112	-98	-84	-86	-126	-92	-80	-43	-48
Total Depreciation and Amortization (D&A)	4.62	4.44	4.01	3.85	3.88	3.72	3.48	3.28	3.24	3.37	3.53
Debt-free, Cash-free Net Working Capital to Revenue	22.43%	20.37%	20.54%	20.76%	21.38%	18.67%	19.57%	22.13%	21.37%	24.61%	27.14%
Debt-free Net Working Capital to Revenue	27.41%	27.07%	41.62%	38.45%	36.05%	32.84%	38.93%	35.24%	31.90%	29.84%	32.99%
Net Working Capital to Revenue	27.41%	27.07%	41.62%	38.45%	36.05%	32.84%	38.93%	35.24%	31.90%	29.84%	32.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.53	$0.06	$0.23	$0.34	$0.36	$0.06	$0.29	$0.54	$0.26	$0.57	$1.25
Adjusted Weighted Average Basic Shares Outstanding	19.48M	19.50M	19.50M	19.50M	19.51M	19.50M	19.50M	19.49M	19.50M	19.53M	19.52M
Adjusted Diluted Earnings per Share	$0.52	$0.06	$0.24	$0.34	$0.35	$0.06	$0.29	$0.54	$0.26	$0.57	$1.24
Adjusted Weighted Average Diluted Shares Outstanding	19.53M	19.55M	19.58M	19.57M	19.59M	19.57M	19.57M	19.55M	19.56M	19.58M	19.63M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.41M	19.43M	19.45M	19.44M	19.48M	19.45M	19.45M	19.43M	19.44M	19.45M	19.48M
Normalized Net Operating Profit after Tax (NOPAT)	11	1.21	3.64	5.65	6.08	-0.07	4.54	9.71	4.49	8.22	24
Normalized NOPAT Margin	6.56%	0.94%	2.71%	3.88%	4.77%	-0.06%	2.88%	5.86%	2.82%	4.93%	11.65%
Pre Tax Income Margin	8.29%	1.13%	4.51%	5.98%	7.03%	1.28%	4.61%	8.17%	4.11%	8.64%	15.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1,001.69	53.00	361.00	394.42	279.68	-2.59	292.70	623.35	252.74	583.42	1,363.57
NOPAT to Interest Expense	770.09	38.39	280.12	297.54	217.09	-2.43	226.95	485.31	195.29	342.66	1,053.77
EBIT Less CapEx to Interest Expense	833.31	-152.15	231.08	224.21	209.79	-425.52	87.80	63.35	-60.30	655.08	1,204.91
NOPAT Less CapEx to Interest Expense	601.71	-166.76	150.20	127.33	147.19	-425.37	22.05	-74.69	-117.76	414.33	895.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	96.53%	113.04%	263.88%	251.42%	209.97%	227.18%	127.26%	80.74%	52.16%	36.51%	32.93%
Augmented Payout Ratio	108.67%	122.98%	273.39%	260.48%	215.10%	235.88%	134.44%	87.65%	56.12%	38.38%	33.89%

Frequently Asked Questions About Insteel Industries' Financials

When does Insteel Industries's fiscal year end?

According to the most recent income statement we have on file, Insteel Industries' financial year ends in September. Their financial year 2024 ended on September 28, 2024.

How has Insteel Industries' net income changed over the last 2 years?

Insteel Industries' net income appears to be on a downward trend, with a most recent value of $19.31 million in 2024, falling from $125.01 million in 2022. The previous period was $32.42 million in 2023.

What is Insteel Industries's operating income?

Insteel Industries's total operating income in 2024 was $19.98 million, based on the following breakdown:

Total Gross Profit: $49.63 million
Total Operating Expenses: $29.65 million

How has Insteel Industries revenue changed over the last 2 years?

Over the last 2 years, Insteel Industries' total revenue changed from $826.83 million in 2022 to $529.20 million in 2024, a change of -36.0%.

How much debt does Insteel Industries have?

Insteel Industries' total liabilities were at $71.70 million at the end of 2024, a 8.6% increase from 2023, and a 12.6% decrease since 2022.

How much cash does Insteel Industries have?

In the past 2 years, Insteel Industries' cash and equivalents has ranged from $48.32 million in 2022 to $125.67 million in 2023, and is currently $111.54 million as of their latest financial filing in 2024.

How has Insteel Industries' book value per share changed over the last 2 years?

Over the last 2 years, Insteel Industries' book value per share changed from 19.98 in 2022 to 18.04 in 2024, a change of -9.7%.

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This page (NASDAQ:IIIN) was last updated on 5/27/2025 by MarketBeat.com Staff

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Insteel Industries (IIIN) Financials

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Insteel Industries (IIIN) Financials

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