Insteel Industries (IIIN) Financials

$35.07 +0.05 (+0.14%)

Closing price 03:59 PM Eastern

Extended Trading

$35.09 +0.02 (+0.06%)

As of 04:33 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	2022	2023	2024
Period end date	10/1/2022	9/30/2023	9/28/2024
Net Income / (Loss) Attributable to Common Shareholders	125	32	19
Consolidated Net Income / (Loss)	125	32	19
Net Income / (Loss) Continuing Operations	125	32	19
Total Pre-Tax Income	162	42	25
Total Operating Income	162	35	20
Total Gross Profit	197	65	50
Total Revenue	827	649	529
Operating Revenue	827	649	529
Total Cost of Revenue	630	584	480
Operating Cost of Revenue	630	584	480
Total Operating Expenses	36	31	30
Selling, General & Admin Expense	36	31	30
Restructuring Charge	-0.32	0.00	0.06
Total Other Income / (Expense), net	0.15	7.04	5.31
Interest Expense	0.09	0.09	0.09
Interest & Investment Income	0.33	3.71	5.43
Other Income / (Expense), net	-0.09	3.42	-0.04
Income Tax Expense	37	9.34	5.98
Basic Earnings per Share	$6.41	$1.66	$0.99
Weighted Average Basic Shares Outstanding	19.52M	19.50M	19.50M
Diluted Earnings per Share	$6.37	$1.66	$0.99
Weighted Average Diluted Shares Outstanding	19.63M	19.57M	19.58M
Weighted Average Basic & Diluted Shares Outstanding	19.48M	19.45M	19.45M
Cash Dividends to Common per Share	$2.12	$2.12	$2.62

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	24	11	5.10	11	5.63	1.13	6.94	6.57	4.67	1.08	10
Consolidated Net Income / (Loss)	24	11	5.10	11	5.63	1.13	6.94	6.57	4.67	1.08	10
Net Income / (Loss) Continuing Operations	24	11	5.10	11	5.63	1.13	6.94	6.57	4.67	1.08	10
Total Pre-Tax Income	32	14	6.54	14	7.26	1.56	8.95	8.72	6.06	1.46	13
Total Operating Income	31	11	5.76	12	5.85	-0.10	7.84	7.51	4.73	0.68	13
Total Gross Profit	40	18	13	20	14	6.27	16	15	12	9.53	25
Total Revenue	208	167	159	166	158	122	127	146	134	130	161
Operating Revenue	208	167	159	166	158	122	127	146	134	130	161
Total Cost of Revenue	168	149	146	145	144	115	112	130	122	120	136
Operating Cost of Revenue	168	149	146	145	144	115	112	130	122	120	136
Total Operating Expenses	8.33	7.13	7.51	7.92	8.13	6.37	7.88	7.88	7.53	8.85	11
Selling, General & Admin Expense	8.33	7.13	7.51	7.92	8.13	6.37	7.88	7.88	7.47	7.89	11
Restructuring Charge	-	-	-	-	-	0.00	-	-	-	0.97	0.69
Total Other Income / (Expense), net	0.09	3.76	0.78	1.10	1.40	1.65	1.11	1.21	1.33	0.79	0.29
Interest Expense	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.02	0.01	0.01	0.01
Interest & Investment Income	0.22	0.44	0.75	1.10	1.42	1.66	1.15	1.25	1.38	0.79	0.32
Other Income / (Expense), net	-0.10	3.34	0.06	0.02	-	0.02	-0.01	-0.02	-0.04	0.01	-0.02
Income Tax Expense	7.25	3.30	1.44	2.98	1.63	0.42	2.01	2.16	1.39	0.38	3.10
Basic Earnings per Share	$1.25	$0.57	$0.26	$0.54	$0.29	$0.06	$0.36	$0.34	$0.23	$0.06	$0.53
Weighted Average Basic Shares Outstanding	19.52M	19.53M	19.50M	19.49M	19.50M	19.50M	19.51M	19.50M	19.50M	19.50M	19.48M
Diluted Earnings per Share	$1.24	$0.57	$0.26	$0.54	$0.29	$0.06	$0.35	$0.34	$0.24	$0.06	$0.52
Weighted Average Diluted Shares Outstanding	19.63M	19.58M	19.56M	19.55M	19.57M	19.57M	19.59M	19.57M	19.58M	19.55M	19.53M
Weighted Average Basic & Diluted Shares Outstanding	19.48M	19.45M	19.44M	19.43M	19.45M	19.45M	19.48M	19.44M	19.45M	19.43M	19.41M
Cash Dividends to Common per Share	$0.03	$2.03	$0.03	$0.03	$0.03	$2.53	$0.03	$0.03	$0.03	$1.03	$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	2022	2023	2024
Period end date	10/1/2022	9/30/2023	9/28/2024
Net Change in Cash & Equivalents	-42	77	-14
Net Cash From Operating Activities	5.67	142	58
Net Cash From Continuing Operating Activities	5.67	142	58
Net Income / (Loss) Continuing Operations	125	32	19
Consolidated Net Income / (Loss)	125	32	19
Depreciation Expense	14	13	15
Amortization Expense	0.07	0.06	0.05
Non-Cash Adjustments To Reconcile Net Income	1.59	-1.38	1.64
Changes in Operating Assets and Liabilities, net	-135	98	22
Net Cash From Investing Activities	-6.04	-21	-20
Net Cash From Continuing Investing Activities	-6.04	-21	-20
Purchase of Property, Plant & Equipment	-16	-31	-19
Sale of Property, Plant & Equipment	0.00	9.92	0.00
Other Investing Activities, net	9.86	-0.12	-0.49
Net Cash From Financing Activities	-41	-44	-53
Net Cash From Continuing Financing Activities	-41	-44	-53
Repayment of Debt	-0.27	-0.50	-0.30
Repurchase of Common Equity	-1.20	-2.33	-1.84
Payment of Dividends	-41	-41	-51
Issuance of Debt	0.27	0.32	0.30
Other Financing Activities, net	1.17	-0.19	0.08
Cash Income Taxes Paid	41	7.83	3.33

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

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

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

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

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

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

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

Frequently Asked Questions About Insteel Industries' Financials

When does Insteel Industries's financial year end?

According to the most recent income statement we have on file, Insteel Industries' fiscal year ends in September. Their fiscal 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 5/5/2025 by MarketBeat.com Staff

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Insteel Industries (IIIN) Financials

Frequently Asked Questions About Insteel Industries' Financials

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Insteel Industries (IIIN) Financials

Annual Income Statements for Insteel Industries

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