Insteel Industries (IIIN) Financials

$24.79 -0.78 (-3.05%)

As of 11:41 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Net Income / (Loss) Attributable to Common Shareholders	22	37	23	36	5.60	19	67	125	32	19	41
Consolidated Net Income / (Loss)	22	37	23	36	5.60	19	67	125	32	19	41
Net Income / (Loss) Continuing Operations	22	37	23	36	5.60	19	67	125	32	19	41
Total Pre-Tax Income	33	56	34	43	7.46	24	86	162	42	25	54
Total Operating Income	32	56	34	43	5.56	23	86	162	35	20	52
Total Gross Profit	58	85	60	71	30	56	122	197	65	50	93
Total Revenue	448	419	389	453	456	473	591	827	649	529	648
Operating Revenue	448	419	389	453	456	473	591	827	649	529	648
Total Cost of Revenue	389	333	329	382	426	417	469	630	584	480	554
Operating Cost of Revenue	389	333	329	382	426	417	469	630	584	480	554
Total Operating Expenses	26	29	26	28	25	33	35	36	31	30	42
Selling, General & Admin Expense	26	26	26	28	25	31	32	36	31	30	39
Restructuring Charge	0.35	0.12	0.16	0.00	0.00	1.89	2.87	-0.32	0.00	0.06	2.63
Total Other Income / (Expense), net	0.80	-0.18	0.06	0.13	1.90	1.62	-0.19	0.15	7.04	5.31	2.00
Interest Expense	0.32	0.16	0.14	0.11	0.17	0.11	0.10	0.09	0.09	0.09	0.05
Interest & Investment Income	0.01	0.17	0.25	0.52	0.29	0.47	0.02	0.33	3.71	5.43	2.07
Other Income / (Expense), net	1.11	-0.18	-0.05	-0.27	1.77	1.25	-0.11	-0.09	3.42	-0.04	-0.02
Income Tax Expense	11	19	12	6.36	1.86	5.16	19	37	9.34	5.98	13
Basic Earnings per Share	$1.18	$1.99	$1.19	$1.90	$0.29	$0.99	$3.44	$6.41	$1.66	$0.99	$2.11
Weighted Average Basic Shares Outstanding	18.42M	18.75M	19.01M	19.08M	19.24M	19.28M	19.34M	19.52M	19.50M	19.50M	19.48M
Diluted Earnings per Share	$1.15	$1.95	$1.17	$1.88	$0.29	$0.98	$3.41	$6.37	$1.66	$0.99	$2.10
Weighted Average Diluted Shares Outstanding	18.80M	19.06M	19.22M	19.28M	19.34M	19.38M	19.53M	19.63M	19.57M	19.58M	19.56M
Weighted Average Basic & Diluted Shares Outstanding	18.40M	18.70M	18.90M	19.10M	19.26M	19.31M	19.41M	19.48M	19.45M	19.45M	19.42M
Cash Dividends to Common per Share	$0.12	$1.12	$1.37	$1.12	$0.12	$0.12	$1.62	$2.12	$2.12	$2.62	$1.12

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	11	5.63	1.13	6.94	6.57	4.67	1.08	10	15	15	7.59
Consolidated Net Income / (Loss)	11	5.63	1.13	6.94	6.57	4.67	1.08	10	15	15	7.59
Net Income / (Loss) Continuing Operations	11	5.63	1.13	6.94	6.57	4.67	1.08	10	15	15	7.59
Total Pre-Tax Income	14	7.26	1.56	8.95	8.72	6.06	1.46	13	20	19	9.62
Total Operating Income	12	5.85	-0.10	7.84	7.51	4.73	0.68	13	19	19	9.25
Total Gross Profit	20	14	6.27	16	15	12	9.53	25	31	29	18
Total Revenue	166	158	122	127	146	134	130	161	180	177	160
Operating Revenue	166	158	122	127	146	134	130	161	180	177	160
Total Cost of Revenue	145	144	115	112	130	122	120	136	149	149	142
Operating Cost of Revenue	145	144	115	112	130	122	120	136	149	149	142
Total Operating Expenses	7.92	8.13	6.37	7.88	7.88	7.53	8.85	11	11	9.81	8.81
Selling, General & Admin Expense	7.92	8.13	6.37	7.88	7.88	7.47	7.89	11	11	9.71	8.76
Restructuring Charge	-	-	0.00	0.00	0.00	-	0.97	0.69	0.87	0.10	0.05
Total Other Income / (Expense), net	1.10	1.40	1.65	1.11	1.21	1.33	0.79	0.29	0.47	0.45	0.37
Interest Expense	0.02	0.02	0.03	0.03	0.02	0.01	0.01	0.01	0.01	0.01	0.01
Interest & Investment Income	1.10	1.42	1.66	1.15	1.25	1.38	0.79	0.32	0.47	0.49	0.37
Other Income / (Expense), net	0.02	-	0.02	-0.01	-0.02	-0.04	0.01	-0.02	0.02	-0.03	0.01
Income Tax Expense	2.98	1.63	0.42	2.01	2.16	1.39	0.38	3.10	4.61	4.70	2.02
Basic Earnings per Share	$0.54	$0.29	$0.06	$0.36	$0.34	$0.23	$0.06	$0.53	$0.78	$0.74	$0.39
Weighted Average Basic Shares Outstanding	19.49M	19.50M	19.50M	19.51M	19.50M	19.50M	19.50M	19.48M	19.48M	19.48M	19.47M
Diluted Earnings per Share	$0.54	$0.29	$0.06	$0.35	$0.34	$0.24	$0.06	$0.52	$0.78	$0.74	$0.39
Weighted Average Diluted Shares Outstanding	19.55M	19.57M	19.57M	19.59M	19.57M	19.58M	19.55M	19.53M	19.55M	19.56M	19.55M
Weighted Average Basic & Diluted Shares Outstanding	19.43M	19.45M	19.45M	19.48M	19.44M	19.45M	19.43M	19.41M	19.41M	19.42M	19.40M
Cash Dividends to Common per Share	$0.03	$0.03	$2.53	$0.03	$0.03	$0.03	$1.03	$0.03	$0.03	$0.03	$1.03

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Net Change in Cash & Equivalents	30	26	-27	12	-5.76	31	21	-42	77	-14	-73
Net Cash From Operating Activities	36	56	21	54	6.61	56	70	5.67	142	58	27
Net Cash From Continuing Operating Activities	36	56	21	54	6.61	56	70	5.67	142	58	27
Net Income / (Loss) Continuing Operations	22	37	23	36	5.60	19	67	125	32	19	41
Consolidated Net Income / (Loss)	22	37	23	36	5.60	19	67	125	32	19	41
Depreciation Expense	12	12	12	13	14	14	15	14	13	15	18
Amortization Expense	0.09	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.06	0.05	0.05
Non-Cash Adjustments To Reconcile Net Income	0.02	3.14	1.50	1.91	0.18	0.81	2.00	1.59	-1.38	1.64	4.17
Changes in Operating Assets and Liabilities, net	2.02	4.26	-15	2.91	-13	22	-13	-135	98	22	-36
Net Cash From Investing Activities	-3.04	-13	-21	-22	-9.56	-23	-18	-6.04	-21	-20	-76
Net Cash From Continuing Investing Activities	-3.04	-13	-21	-22	-9.56	-23	-18	-6.04	-21	-20	-76
Purchase of Property, Plant & Equipment	-7.15	-13	-21	-18	-11	-7.11	-18	-16	-31	-19	-8.21
Acquisitions	-1.46	0.00	0.00	-3.30	0.00	-18	-	-	0.00	0.00	-72
Sale of Property, Plant & Equipment	3.67	0.24	0.00	0.00	-	-	-	0.00	9.92	0.00	0.11
Other Investing Activities, net	1.43	-0.24	-0.31	-0.19	0.96	2.30	-0.31	9.86	-0.12	-0.49	4.52
Net Cash From Financing Activities	-2.53	-18	-27	-20	-2.81	-2.54	-31	-41	-44	-53	-24
Net Cash From Continuing Financing Activities	-2.53	-18	-27	-20	-2.81	-2.54	-31	-41	-44	-53	-24
Repayment of Debt	-61	-0.34	-0.40	-0.37	-45	-0.32	-0.30	-0.27	-0.50	-0.30	-0.29
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-1.20	-2.33	-1.84	-2.27
Payment of Dividends	-2.21	-21	-26	-21	-2.31	-2.31	-31	-41	-41	-51	-22
Issuance of Debt	61	0.33	0.40	0.37	44	0.32	0.30	0.27	0.32	0.30	0.29
Other Financing Activities, net	-0.11	3.20	-0.72	1.14	-0.24	-0.23	0.42	1.17	-0.19	0.08	-0.36
Cash Income Taxes Paid	7.81	19	9.30	7.78	1.74	1.92	17	41	7.83	3.33	11

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Change in Cash & Equivalents	12	34	-40	-1.67	14	14	-76	-7.53	25	-15	-23
Net Cash From Operating Activities	24	39	22	1.38	19	16	19	-3.32	29	-17	-0.70
Net Cash From Continuing Operating Activities	24	39	22	1.38	19	16	19	-3.32	29	-17	-0.70
Net Income / (Loss) Continuing Operations	11	5.63	1.13	6.94	6.57	4.67	1.08	10	15	15	7.59
Consolidated Net Income / (Loss)	11	5.63	1.13	6.94	6.57	4.67	1.08	10	15	15	7.59
Depreciation Expense	3.26	3.47	3.71	3.87	3.84	4.00	4.43	4.60	4.69	4.66	4.55
Amortization Expense	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Non-Cash Adjustments To Reconcile Net Income	0.30	1.26	-0.28	0.64	0.56	0.72	0.62	1.69	0.74	1.12	0.21
Changes in Operating Assets and Liabilities, net	9.61	29	17	-10	7.79	6.83	13	-20	7.91	-37	-13
Net Cash From Investing Activities	-11	-4.17	-12	-2.20	-3.29	-1.76	-74	-2.40	-2.47	3.14	-1.62
Net Cash From Continuing Investing Activities	-11	-4.17	-12	-2.20	-3.29	-1.76	-74	-2.40	-2.47	3.14	-1.62
Purchase of Property, Plant & Equipment	-11	-4.10	-12	-1.96	-3.24	-1.69	-2.67	-2.23	-1.60	-1.72	-1.49
Acquisitions	-	-	0.00	-	-	-	-71	-	-0.60	-0.03	0.00
Other Investing Activities, net	-0.06	-0.07	-0.12	-0.25	-0.05	-0.07	0.18	-0.21	-0.34	4.89	-0.12
Net Cash From Financing Activities	-0.91	-0.77	-50	-0.84	-1.68	-0.67	-21	-1.81	-0.79	-1.17	-21
Net Cash From Continuing Financing Activities	-0.91	-0.77	-50	-0.84	-1.68	-0.67	-21	-1.81	-0.79	-1.17	-21
Repayment of Debt	-0.13	-0.07	-0.07	-0.07	-0.10	-0.07	-0.07	-0.07	-0.09	-0.07	-0.07
Repurchase of Common Equity	-0.40	-	-0.54	-0.30	-0.99	-	-0.62	-1.13	-0.22	-0.31	-0.75
Payment of Dividends	-0.58	-0.58	-49	-0.58	-0.58	-0.58	-20	-0.58	-0.58	-0.58	-20
Issuance of Debt	0.11	0.07	0.07	0.07	0.10	0.07	0.07	0.07	0.09	0.07	0.07
Cash Income Taxes Paid	1.33	2.37	0.01	0.72	2.54	0.07	0.04	0.24	4.88	5.62	0.07

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Total Assets	260	293	283	330	293	338	391	472	448	423	463
Total Current Assets	151	180	160	195	161	197	247	335	299	267	262
Cash & Equivalents	33	59	32	44	38	69	90	48	126	112	39
Accounts Receivable	47	47	40	51	44	54	68	82	63	58	79
Inventories, net	66	71	82	94	71	69	79	198	103	89	138
Other Current Assets	5.31	3.04	5.95	5.90	7.37	5.57	10	7.72	6.45	8.61	6.82
Plant, Property, & Equipment, net	84	88	99	106	105	101	106	108	120	126	129
Total Noncurrent Assets	25	24	24	28	27	39	38	28	29	30	72
Goodwill	6.97	6.97	6.97	8.29	8.29	9.75	9.75	9.75	9.75	9.75	38
Intangible Assets	10	9.06	7.91	9.70	8.61	8.57	7.67	6.85	6.09	5.34	17
Other Noncurrent Operating Assets	7.52	8.18	9.33	9.91	11	21	21	12	13	15	18
Total Liabilities & Shareholders' Equity	260	293	283	330	293	338	391	472	448	423	463
Total Liabilities	60	68	60	88	47	73	89	82	66	72	91
Total Current Liabilities	46	54	42	72	28	54	69	63	46	47	66
Accounts Payable	32	43	34	60	22	39	49	47	34	37	48
Accrued Expenses	14	11	8.67	12	6.82	15	19	16	12	9.55	18
Total Noncurrent Liabilities	14	15	17	16	19	19	20	19	20	25	25
Other Noncurrent Operating Liabilities	14	15	17	16	19	19	20	19	20	25	25
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	200	225	223	242	246	265	302	390	382	351	372
Total Preferred & Common Equity	200	225	223	242	246	265	302	390	382	351	372
Total Common Equity	200	225	223	242	246	265	302	390	382	351	372
Common Stock	79	87	89	92	94	96	98	101	103	106	109
Retained Earnings	123	139	136	151	154	171	206	289	279	245	263
Accumulated Other Comprehensive Income / (Loss)	-2.15	-1.54	-1.33	-1.49	-2.25	-1.96	-2.44	-0.98	-0.28	-0.61	-0.04

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	Q3 2025	Q1 2026
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	6/28/2025	12/27/2025
Total Assets	481	424	428	445	391	397	415	405	422	472	456
Total Current Assets	344	288	288	298	232	240	257	192	211	264	258
Cash & Equivalents	63	43	80	92	86	84	98	36	28	54	16
Accounts Receivable	81	69	66	66	43	56	61	49	80	83	65
Inventories, net	192	171	136	133	94	93	89	99	96	119	172
Other Current Assets	7.00	5.60	5.36	6.41	8.71	7.68	8.77	8.42	6.54	7.44	5.74
Plant, Property, & Equipment, net	108	107	112	119	129	128	128	136	134	131	126
Total Noncurrent Assets	29	28	28	29	29	30	30	76	77	77	72
Goodwill	9.75	9.75	9.75	9.75	9.75	9.75	9.75	36	38	38	38
Intangible Assets	7.05	6.65	6.47	6.28	5.90	5.72	5.53	18	18	17	16
Other Noncurrent Operating Assets	12	12	12	13	14	15	14	22	22	22	18
Total Liabilities & Shareholders' Equity	481	424	428	445	391	397	415	405	422	472	456
Total Liabilities	116	63	63	70	57	57	69	73	80	116	97
Total Current Liabilities	95	45	45	51	33	33	45	47	54	90	72
Accounts Payable	77	31	37	38	24	25	35	37	43	73	57
Accrued Expenses	18	14	8.15	13	9.59	7.98	9.89	10	11	16	15
Total Noncurrent Liabilities	21	18	18	19	24	23	24	26	26	26	25
Other Noncurrent Operating Liabilities	21	18	18	19	24	23	24	26	26	26	25
Commitments & Contingencies	-	0.00	0.00	-	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	356	359
Total Preferred & Common Equity	365	361	365	375	334	341	346	332	341	356	359
Total Common Equity	365	361	365	375	334	341	346	332	341	356	359
Common Stock	101	102	102	103	104	105	105	106	107	108	109
Retained Earnings	267	260	264	273	230	236	241	226	235	249	250
Accumulated Other Comprehensive Income / (Loss)	-2.44	-0.98	-0.98	-0.98	-0.28	-0.28	-0.28	-0.61	-0.61	-0.61	-0.04

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
DEI Shares Outstanding	18,439,228.00	18,903,899.00	19,025,262.00	19,085,438.00	19,251,607.00	19,260,725.00	19,357,571.00	-	-	-	19,409,841.00
DEI Adjusted Shares Outstanding	18,439,228.00	18,903,899.00	19,025,262.00	19,085,438.00	19,251,607.00	19,260,725.00	19,357,571.00	-	-	-	19,409,841.00
DEI Earnings Per Adjusted Shares Outstanding	1.18	1.97	1.19	1.90	0.29	0.99	3.44	-	-	-	2.11
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.42%	-6.47%	-7.09%	16.55%	0.55%	3.71%	24.96%	40.00%	-21.48%	-18.48%	22.39%
EBITDA Growth	26.43%	49.88%	-32.58%	20.41%	-61.99%	81.99%	164.31%	74.71%	-70.75%	-31.25%	98.36%
EBIT Growth	30.74%	69.15%	-39.49%	24.00%	-82.64%	224.73%	262.05%	87.39%	-76.39%	-47.71%	159.69%
NOPAT Growth	36.28%	76.39%	-39.75%	60.64%	-88.46%	325.00%	276.43%	87.09%	-78.42%	-43.40%	158.94%
Net Income Growth	30.46%	71.56%	-39.46%	60.84%	-84.56%	239.57%	250.41%	87.68%	-74.07%	-40.44%	112.48%
EPS Growth	29.21%	69.57%	-40.00%	60.68%	-84.57%	237.93%	247.96%	86.80%	-73.94%	-40.36%	112.12%
Operating Cash Flow Growth	22.38%	57.25%	-62.95%	158.97%	-87.76%	750.85%	24.29%	-91.89%	2,407.94%	-59.07%	-53.33%
Free Cash Flow Firm Growth	230.36%	-41.52%	-107.95%	1,067.92%	-119.99%	595.94%	72.18%	-108.63%	2,671.41%	-71.77%	-270.24%
Invested Capital Growth	-21.18%	-0.76%	15.44%	3.37%	5.11%	-5.64%	8.18%	60.93%	-25.07%	-6.46%	39.11%
Revenue Q/Q Growth	0.22%	-3.46%	-1.58%	5.71%	-1.72%	5.54%	5.92%	4.65%	-7.21%	-4.20%	7.14%
EBITDA Q/Q Growth	22.03%	-0.01%	-16.26%	12.84%	-39.70%	44.10%	29.94%	-0.77%	-33.16%	-1.75%	26.56%
EBIT Q/Q Growth	30.35%	0.37%	-20.80%	16.90%	-65.66%	93.58%	36.73%	-0.72%	-40.08%	-5.50%	37.32%
NOPAT Q/Q Growth	37.75%	0.71%	-21.30%	18.23%	-72.67%	104.85%	36.50%	-0.73%	-42.25%	-5.55%	36.52%
Net Income Q/Q Growth	30.30%	0.62%	-21.17%	18.30%	-66.62%	93.65%	36.26%	-0.67%	-36.56%	-4.72%	31.73%
EPS Q/Q Growth	29.21%	0.00%	-20.95%	18.24%	-65.88%	88.46%	36.40%	-0.78%	-36.40%	-4.81%	31.25%
Operating Cash Flow Q/Q Growth	52.72%	-13.59%	-36.15%	10.97%	130.31%	-27.15%	-9.32%	-70.97%	51.47%	-28.01%	-55.03%
Free Cash Flow Firm Q/Q Growth	274.69%	-47.03%	-146.96%	12.32%	85.21%	-45.29%	-11.69%	-139.40%	72.57%	-37.95%	-113.43%
Invested Capital Q/Q Growth	-14.41%	4.04%	5.49%	6.62%	-13.72%	0.21%	13.35%	13.10%	-9.70%	-3.61%	10.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.04%	20.35%	15.37%	15.62%	6.60%	11.80%	20.58%	23.86%	10.07%	9.38%	14.43%
EBITDA Margin	10.12%	16.22%	11.77%	12.16%	4.60%	8.07%	17.06%	21.29%	7.93%	6.69%	10.84%
Operating Margin	7.19%	13.49%	8.77%	9.38%	1.22%	4.77%	14.61%	19.54%	5.35%	3.78%	8.00%
EBIT Margin	7.44%	13.45%	8.76%	9.32%	1.61%	5.04%	14.59%	19.53%	5.87%	3.77%	8.00%
Profit (Net Income) Margin	4.85%	8.90%	5.80%	8.00%	1.23%	4.02%	11.28%	15.12%	4.99%	3.65%	6.33%
Tax Burden Percent	65.86%	66.17%	65.99%	85.07%	75.09%	78.65%	77.36%	77.30%	77.63%	76.34%	76.24%
Interest Burden Percent	99.07%	100.01%	100.33%	100.95%	101.71%	101.54%	99.91%	100.15%	109.49%	126.80%	103.89%
Effective Tax Rate	34.14%	33.83%	34.01%	14.93%	24.91%	21.35%	22.64%	22.70%	22.37%	23.66%	23.76%
Return on Invested Capital (ROIC)	11.18%	22.46%	12.61%	18.59%	2.06%	8.78%	32.70%	45.12%	9.02%	6.16%	13.80%
ROIC Less NNEP Spread (ROIC-NNEP)	11.78%	22.71%	12.53%	18.31%	-1.41%	6.39%	32.89%	44.96%	2.74%	2.75%	11.78%
Return on Net Nonoperating Assets (RNNOA)	10.50%	-4.93%	-2.54%	-2.99%	0.24%	-1.34%	-9.20%	-8.98%	-0.62%	-0.89%	-2.45%
Return on Equity (ROE)	21.69%	17.54%	10.07%	15.60%	2.30%	7.44%	23.50%	36.14%	8.41%	5.27%	11.36%
Cash Return on Invested Capital (CROIC)	34.87%	23.22%	-1.72%	15.27%	-2.93%	14.58%	24.85%	-1.58%	37.69%	12.83%	-18.90%
Operating Return on Assets (OROA)	13.38%	20.35%	11.83%	13.79%	2.35%	7.55%	23.66%	37.45%	8.30%	4.58%	11.70%
Return on Assets (ROA)	8.73%	13.47%	7.83%	11.84%	1.80%	6.03%	18.28%	28.99%	7.05%	4.44%	9.27%
Return on Common Equity (ROCE)	21.69%	17.54%	10.07%	15.60%	2.30%	7.44%	23.50%	36.14%	8.41%	5.27%	11.36%
Return on Equity Simple (ROE_SIMPLE)	10.84%	16.59%	10.09%	15.01%	2.28%	7.18%	22.05%	32.08%	8.50%	5.50%	0.00%
Net Operating Profit after Tax (NOPAT)	21	37	23	36	4.17	18	67	125	27	15	39
NOPAT Margin	4.73%	8.93%	5.79%	7.98%	0.92%	3.75%	11.30%	15.11%	4.15%	2.88%	6.10%
Net Nonoperating Expense Percent (NNEP)	-0.59%	-0.25%	0.09%	0.28%	3.47%	2.39%	-0.18%	0.16%	6.28%	3.42%	2.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	10.63%
Cost of Revenue to Revenue	86.96%	79.65%	84.63%	84.38%	93.40%	88.20%	79.42%	76.14%	89.93%	90.62%	85.57%
SG&A Expenses to Revenue	5.77%	6.23%	6.56%	6.25%	5.38%	6.63%	5.48%	4.36%	4.73%	5.59%	6.02%
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	5.85%	6.86%	6.60%	6.25%	5.38%	7.03%	5.97%	4.32%	4.73%	5.60%	6.43%
Earnings before Interest and Taxes (EBIT)	33	56	34	42	7.33	24	86	161	38	20	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	45	68	46	55	21	38	101	176	51	35	70
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.99	2.15	1.62	2.15	1.24	1.06	2.05	1.14	1.53	1.71	2.01
Price to Tangible Book Value (P/TBV)	1.09	2.31	1.74	2.32	1.33	1.14	2.17	1.20	1.60	1.79	2.36
Price to Revenue (P/Rev)	0.44	1.15	0.93	1.15	0.67	0.59	1.05	0.54	0.90	1.13	1.15
Price to Earnings (P/E)	9.16	12.95	16.08	14.33	54.34	14.74	9.29	3.57	18.05	31.10	18.21
Dividend Yield	1.11%	4.27%	7.03%	0.44%	0.76%	0.82%	0.38%	0.52%	0.40%	8.39%	2.91%
Earnings Yield	10.91%	7.72%	6.22%	6.98%	1.84%	6.78%	10.77%	28.02%	5.54%	3.22%	5.49%
Enterprise Value to Invested Capital (EV/IC)	0.99	2.56	1.73	2.41	1.28	1.08	2.49	1.17	1.80	2.04	2.13
Enterprise Value to Revenue (EV/Rev)	0.37	1.01	0.85	1.05	0.58	0.45	0.90	0.48	0.71	0.92	1.09
Enterprise Value to EBITDA (EV/EBITDA)	3.66	6.24	7.22	8.63	12.70	5.55	5.25	2.26	8.92	13.81	10.09
Enterprise Value to EBIT (EV/EBIT)	4.98	7.52	9.71	11.26	36.29	8.89	6.14	2.46	12.05	24.52	13.68
Enterprise Value to NOPAT (EV/NOPAT)	7.82	11.33	14.69	13.15	63.75	11.93	7.92	3.19	17.05	32.05	17.94
Enterprise Value to Operating Cash Flow (EV/OCF)	4.63	7.53	15.86	8.81	40.26	3.76	7.57	70.17	3.23	8.40	26.08
Enterprise Value to Free Cash Flow (EV/FCFF)	2.51	10.96	0.00	16.01	0.00	7.18	10.43	0.00	4.08	15.39	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	0.89	-0.22	-0.20	-0.16	-0.17	-0.21	-0.28	-0.20	-0.23	-0.32	-0.21
Leverage Ratio	2.48	1.30	1.29	1.32	1.28	1.24	1.29	1.25	1.19	1.19	1.23
Compound Leverage Factor	2.46	1.30	1.29	1.33	1.30	1.25	1.28	1.25	1.31	1.51	1.27
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	5.28	7.48	6.59	6.44	6.80	5.15	7.71	7.70	8.60	7.87	7.99
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	3.30	3.36	3.79	2.72	5.65	3.67	3.59	5.36	6.48	5.68	3.97
Quick Ratio	1.75	1.98	1.71	1.33	2.90	2.28	2.29	2.08	4.10	3.61	1.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	66	39	-3.07	30	-5.94	29	51	-4.38	113	32	-54
Operating Cash Flow to CapEx	1,026.81%	441.65%	101.29%	292.53%	62.86%	790.33%	399.30%	35.66%	684.38%	304.03%	335.10%
Free Cash Flow to Firm to Interest Expense	206.39	244.46	-22.57	260.57	-35.35	277.88	528.30	-48.09	1,293.58	356.98	-1,040.16
Operating Cash Flow to Interest Expense	111.79	356.03	153.24	473.41	39.33	530.42	727.90	62.31	1,634.48	654.01	522.37
Operating Cash Flow Less CapEx to Interest Expense	100.91	275.42	1.95	311.58	-23.24	463.30	545.60	-112.42	1,395.66	438.90	366.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.80	1.51	1.35	1.48	1.46	1.50	1.62	1.92	1.41	1.22	1.46
Accounts Receivable Turnover	9.13	8.89	8.87	9.88	9.53	9.65	9.70	11.06	8.95	8.69	9.45
Inventory Turnover	5.26	4.86	4.30	4.35	5.16	5.96	6.34	4.55	3.88	4.99	4.89
Fixed Asset Turnover	5.13	4.86	4.16	4.43	4.32	4.58	5.71	7.74	5.69	4.31	5.10
Accounts Payable Turnover	0.00	8.90	8.61	8.16	10.43	13.77	10.61	13.08	14.39	13.35	12.94
Days Sales Outstanding (DSO)	39.96	41.06	41.15	36.95	38.31	37.84	37.62	33.01	40.78	41.98	38.61
Days Inventory Outstanding (DIO)	69.36	75.11	84.87	84.00	70.75	61.21	57.59	80.22	94.08	73.12	74.62
Days Payable Outstanding (DPO)	0.00	41.03	42.37	44.72	35.01	26.51	34.40	27.90	25.37	27.34	28.20
Cash Conversion Cycle (CCC)	109.32	75.14	83.64	76.23	74.05	72.54	60.81	85.33	109.50	87.77	85.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	167	166	191	198	208	196	212	341	256	239	333
Invested Capital Turnover	2.36	2.52	2.18	2.33	2.25	2.34	2.89	2.99	2.17	2.14	2.26
Increase / (Decrease) in Invested Capital	-45	-1.26	26	6.45	10	-12	16	129	-86	-17	94
Enterprise Value (EV)	166	423	331	476	266	212	529	398	460	489	708
Market Capitalization	199	482	363	520	304	280	619	446	585	600	747
Book Value per Share	$10.86	$11.88	$11.74	$12.66	$12.78	$13.75	$15.60	$19.98	$19.63	$18.04	$19.14
Tangible Book Value per Share	$9.93	$11.03	$10.96	$11.72	$11.90	$12.80	$14.70	$19.13	$18.82	$17.27	$16.34
Total Capital	200	225	223	242	246	265	302	390	382	351	372
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	-33	-59	-32	-44	-38	-69	-90	-48	-126	-112	-39
Capital Expenditures (CapEx)	3.48	13	21	18	11	7.11	18	16	21	19	8.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	72	68	86	80	94	75	88	224	127	109	157
Debt-free Net Working Capital (DFNWC)	106	127	118	123	132	143	178	273	253	220	196
Net Working Capital (NWC)	106	127	118	123	132	143	178	273	253	220	196
Net Nonoperating Expense (NNE)	-0.53	0.12	-0.04	-0.11	-1.43	-1.27	0.15	-0.11	-5.47	-4.05	-1.52
Net Nonoperating Obligations (NNO)	-33	-59	-32	-44	-38	-69	-90	-48	-126	-112	-39
Total Depreciation and Amortization (D&A)	12	12	12	13	14	14	15	15	13	15	18
Debt-free, Cash-free Net Working Capital to Revenue	16.15%	16.21%	22.06%	17.55%	20.62%	15.80%	14.93%	27.14%	19.57%	20.54%	24.29%
Debt-free Net Working Capital to Revenue	23.58%	30.27%	30.31%	27.25%	29.00%	30.33%	30.15%	32.99%	38.93%	41.62%	30.25%
Net Working Capital to Revenue	23.58%	30.27%	30.31%	27.25%	29.00%	30.33%	30.15%	32.99%	38.93%	41.62%	30.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.99	$1.19	$1.90	$0.29	$0.99	$3.44	$6.41	$1.66	$0.99	$2.11
Adjusted Weighted Average Basic Shares Outstanding	18.42M	18.75M	19.01M	19.08M	19.24M	19.28M	19.34M	19.52M	19.50M	19.50M	19.48M
Adjusted Diluted Earnings per Share	$0.00	$1.95	$1.17	$1.88	$0.29	$0.98	$3.41	$6.37	$1.66	$0.99	$2.10
Adjusted Weighted Average Diluted Shares Outstanding	18.80M	19.06M	19.22M	19.28M	19.34M	19.38M	19.53M	19.63M	19.57M	19.58M	19.56M
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	18.47M	18.98M	19.04M	19.22M	19.26M	19.31M	19.41M	19.48M	19.45M	19.45M	19.42M
Normalized Net Operating Profit after Tax (NOPAT)	21	39	23	36	4.17	19	69	125	27	15	42
Normalized NOPAT Margin	4.78%	9.35%	5.82%	7.98%	0.92%	4.07%	11.68%	15.08%	4.15%	2.89%	6.41%
Pre Tax Income Margin	7.37%	13.45%	8.79%	9.41%	1.64%	5.11%	14.58%	19.56%	6.43%	4.78%	8.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	103.98	356.22	250.41	370.43	43.63	224.56	897.69	1,774.64	438.34	224.08	995.96
NOPAT to Interest Expense	66.19	236.46	165.51	317.18	24.84	167.30	695.38	1,372.50	309.75	171.39	759.55
EBIT Less CapEx to Interest Expense	93.09	275.60	99.13	208.60	-18.94	157.44	715.40	1,599.91	199.52	8.97	840.08
NOPAT Less CapEx to Interest Expense	55.30	155.85	14.22	155.34	-37.73	100.19	513.09	1,197.77	70.92	-43.73	603.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.18%	56.00%	115.36%	58.82%	41.26%	12.17%	46.98%	32.93%	127.26%	263.88%	53.05%
Augmented Payout Ratio	10.18%	56.00%	115.36%	58.82%	41.26%	12.17%	46.98%	33.89%	134.44%	273.39%	58.59%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	19,411,611.00	19,409,841.00	19,416,462.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	19,411,611.00	19,409,841.00	19,416,462.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.78	0.75	0.39
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-27.05%	-24.26%	-27.07%	-19.90%	-12.03%	-14.74%	6.57%	26.11%	23.40%	32.12%	23.28%
EBITDA Growth	-70.57%	-73.24%	-79.00%	29.36%	-27.94%	-6.74%	40.69%	50.62%	111.73%	169.29%	169.46%
EBIT Growth	-74.99%	-81.33%	-100.54%	34.72%	-39.89%	-19.83%	1,018.67%	66.29%	157.69%	299.91%	1,243.98%
NOPAT Growth	-74.80%	-81.27%	-100.86%	35.33%	-41.76%	-19.77%	806.80%	64.70%	161.72%	290.17%	1,363.14%
Net Income Growth	-72.60%	-76.85%	-89.82%	36.03%	-37.86%	-17.01%	-4.51%	47.43%	130.91%	211.63%	602.41%
EPS Growth	-72.45%	-76.61%	-89.47%	34.62%	-37.04%	-17.24%	0.00%	48.57%	129.41%	208.33%	550.00%
Operating Cash Flow Growth	579.71%	511.63%	-33.85%	-97.04%	-21.00%	-58.25%	-13.06%	-340.96%	51.89%	-204.79%	-103.69%
Free Cash Flow Firm Growth	137.09%	185.81%	180.62%	237.40%	44.06%	-77.63%	-167.47%	-235.29%	-196.97%	-493.74%	14.76%
Invested Capital Growth	-6.15%	-25.07%	-22.03%	-9.88%	-12.37%	-6.46%	19.24%	21.94%	21.86%	39.11%	16.08%
Revenue Q/Q Growth	4.19%	-4.94%	-22.73%	4.66%	14.43%	-7.87%	-3.41%	23.85%	11.97%	-1.36%	-9.87%
EBITDA Q/Q Growth	73.91%	-40.70%	-60.93%	221.09%	-3.13%	-23.25%	-41.06%	243.75%	36.17%	-2.39%	-41.03%
EBIT Q/Q Growth	114.47%	-53.04%	-101.28%	10,541.33%	-4.30%	-37.38%	-85.32%	1,789.99%	48.30%	-2.81%	-50.66%
NOPAT Q/Q Growth	116.10%	-53.24%	-101.56%	8,708.00%	-6.99%	-35.59%	-86.29%	1,905.88%	47.79%	-3.97%	-48.60%
Net Income Q/Q Growth	107.12%	-46.75%	-79.88%	512.99%	-5.39%	-28.88%	-76.85%	846.35%	48.18%	-4.02%	-47.81%
EPS Q/Q Growth	107.69%	-46.30%	-79.31%	483.33%	-2.86%	-29.41%	-75.00%	766.67%	50.00%	-5.13%	-47.30%
Operating Cash Flow Q/Q Growth	-48.99%	63.65%	-43.83%	-93.69%	1,262.89%	-13.52%	16.97%	-117.48%	959.10%	-159.66%	95.88%
Free Cash Flow Firm Q/Q Growth	213.45%	218.95%	-22.35%	-51.10%	18.95%	-50.48%	-334.23%	1.94%	14.74%	-101.07%	49.29%
Invested Capital Q/Q Growth	-0.53%	-9.70%	-3.07%	3.51%	-3.27%	-3.61%	23.56%	5.85%	-3.34%	10.03%	3.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.29%	8.88%	5.15%	12.34%	10.56%	9.13%	7.35%	15.27%	17.11%	16.12%	11.29%
EBITDA Margin	9.50%	5.93%	3.00%	9.19%	7.78%	6.48%	3.96%	10.98%	13.35%	13.21%	8.65%
Operating Margin	7.51%	3.72%	-0.08%	6.15%	5.15%	3.52%	0.52%	8.12%	10.73%	10.59%	5.78%
EBIT Margin	7.52%	3.72%	-0.06%	6.15%	5.14%	3.49%	0.53%	8.11%	10.74%	10.58%	5.79%
Profit (Net Income) Margin	6.38%	3.57%	0.93%	5.45%	4.50%	3.48%	0.83%	6.37%	8.43%	8.20%	4.75%
Tax Burden Percent	78.01%	77.54%	72.80%	77.53%	75.29%	77.02%	73.94%	76.77%	76.68%	75.59%	78.95%
Interest Burden Percent	108.64%	123.95%	-2,073.33%	114.29%	116.36%	129.17%	212.19%	102.33%	102.37%	102.56%	103.86%
Effective Tax Rate	22.00%	22.46%	27.20%	22.47%	24.71%	22.98%	26.06%	23.23%	23.32%	24.41%	21.05%
Return on Invested Capital (ROIC)	14.01%	6.26%	-0.12%	10.09%	8.06%	5.80%	0.76%	12.48%	18.06%	18.13%	9.69%
ROIC Less NNEP Spread (ROIC-NNEP)	12.90%	5.01%	-2.00%	9.04%	7.10%	4.93%	-0.20%	12.09%	17.58%	17.67%	8.56%
Return on Net Nonoperating Assets (RNNOA)	-2.70%	-1.13%	0.37%	-2.10%	-1.87%	-1.60%	0.04%	-1.99%	-3.79%	-3.67%	-0.64%
Return on Equity (ROE)	11.31%	5.13%	0.25%	7.98%	6.19%	4.20%	0.80%	10.49%	14.27%	14.45%	9.05%
Cash Return on Invested Capital (CROIC)	22.29%	37.69%	31.32%	17.85%	19.26%	12.83%	-11.72%	-12.82%	-9.20%	-18.90%	-0.39%
Operating Return on Assets (OROA)	11.36%	5.25%	-0.09%	8.52%	6.60%	4.25%	0.72%	11.29%	14.64%	15.48%	9.12%
Return on Assets (ROA)	9.63%	5.04%	1.38%	7.55%	5.79%	4.23%	1.13%	8.87%	11.49%	12.00%	7.48%
Return on Common Equity (ROCE)	11.31%	5.13%	0.25%	7.98%	6.19%	4.20%	0.80%	10.49%	14.27%	14.45%	9.05%
Return on Equity Simple (ROE_SIMPLE)	13.62%	0.00%	6.72%	7.12%	5.86%	0.00%	5.81%	6.60%	8.74%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	9.71	4.54	-0.07	6.08	5.65	3.64	0.50	10	15	14	7.30
NOPAT Margin	5.86%	2.88%	-0.06%	4.77%	3.88%	2.71%	0.38%	6.23%	8.23%	8.01%	4.57%
Net Nonoperating Expense Percent (NNEP)	1.11%	1.25%	1.88%	1.05%	0.96%	0.87%	0.96%	0.39%	0.48%	0.46%	1.13%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-0.02%	-	-	-	0.15%	2.93%	4.15%	3.82%	2.04%
Cost of Revenue to Revenue	87.71%	91.12%	94.85%	87.66%	89.44%	90.87%	92.65%	84.73%	82.89%	83.88%	88.71%
SG&A Expenses to Revenue	4.78%	5.16%	5.23%	6.18%	5.40%	5.56%	6.08%	6.72%	5.90%	5.47%	5.48%
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	4.78%	5.16%	5.23%	6.18%	5.40%	5.61%	6.83%	7.15%	6.38%	5.53%	5.51%
Earnings before Interest and Taxes (EBIT)	12	5.85	-0.08	7.83	7.49	4.69	0.69	13	19	19	9.26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	9.34	3.65	12	11	8.71	5.13	18	24	23	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	1.53	2.15	2.18	1.74	1.71	1.62	1.50	2.06	2.01	1.76
Price to Tangible Book Value (P/TBV)	1.56	1.60	2.26	2.28	1.82	1.79	1.93	1.79	2.43	2.36	2.07
Price to Revenue (P/Rev)	0.80	0.90	1.19	1.30	1.09	1.13	1.00	0.90	1.21	1.15	0.93
Price to Earnings (P/E)	10.99	18.05	32.00	30.61	29.76	31.10	27.83	22.70	23.53	18.21	13.26
Dividend Yield	0.42%	0.40%	7.02%	6.78%	8.37%	8.39%	4.07%	4.25%	2.97%	2.91%	3.45%
Earnings Yield	9.10%	5.54%	3.12%	3.27%	3.36%	3.22%	3.59%	4.41%	4.25%	5.49%	7.54%
Enterprise Value to Invested Capital (EV/IC)	1.66	1.80	2.55	2.57	2.03	2.04	1.69	1.54	2.24	2.13	1.79
Enterprise Value to Revenue (EV/Rev)	0.67	0.71	1.05	1.15	0.91	0.92	0.93	0.85	1.12	1.09	0.91
Enterprise Value to EBITDA (EV/EBITDA)	6.09	8.92	16.73	16.29	14.02	13.81	13.55	11.29	12.24	10.09	7.79
Enterprise Value to EBIT (EV/EBIT)	7.38	12.05	26.27	25.26	23.94	24.52	24.14	18.66	18.01	13.68	10.18
Enterprise Value to NOPAT (EV/NOPAT)	10.06	17.05	33.99	32.64	31.28	32.05	31.52	24.43	23.47	17.94	13.27
Enterprise Value to Operating Cash Flow (EV/OCF)	5.00	3.23	4.82	7.67	6.25	8.40	9.03	9.54	11.24	26.08	82.19
Enterprise Value to Free Cash Flow (EV/FCFF)	7.20	4.08	7.13	13.63	9.87	15.39	0.00	0.00	0.00	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	-0.21	-0.23	-0.18	-0.23	-0.26	-0.32	-0.18	-0.16	-0.22	-0.21	-0.07
Leverage Ratio	1.25	1.19	1.17	1.17	1.19	1.19	1.20	1.20	1.26	1.23	1.25
Compound Leverage Factor	1.36	1.48	-24.32	1.34	1.39	1.53	2.54	1.23	1.29	1.26	1.29
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	7.98	8.36	10.54	10.83	8.10	7.75	6.95	6.49	6.40	7.76	6.70
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	5.83	6.48	6.93	7.18	5.75	5.68	4.09	3.87	2.94	3.97	3.58
Quick Ratio	3.10	4.10	3.86	4.18	3.56	3.61	1.81	1.99	1.53	1.78	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	28	90	70	34	41	20	-47	-46	-39	-79	-40
Operating Cash Flow to CapEx	212.10%	948.61%	178.02%	70.36%	580.30%	960.86%	711.77%	-151.58%	1,857.00%	-991.66%	-46.92%
Free Cash Flow to Firm to Interest Expense	1,412.96	4,506.60	2,413.29	1,222.30	2,142.59	1,550.73	-3,632.30	-3,561.68	-2,819.82	-6,614.72	-3,096.35
Operating Cash Flow to Interest Expense	1,187.75	1,943.70	752.90	49.18	987.74	1,248.38	1,460.23	-255.23	2,036.07	-1,417.25	-53.92
Operating Cash Flow Less CapEx to Interest Expense	627.75	1,738.80	329.97	-20.71	817.53	1,118.46	1,255.08	-423.62	1,926.43	-1,560.17	-168.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.51	1.41	1.48	1.39	1.28	1.22	1.35	1.39	1.36	1.46	1.58
Accounts Receivable Turnover	9.48	8.95	10.77	9.43	8.66	8.69	11.58	8.43	8.37	9.45	11.89
Inventory Turnover	3.74	3.88	4.15	4.51	4.50	4.99	5.02	5.40	5.06	4.89	4.25
Fixed Asset Turnover	6.16	5.69	5.11	4.78	4.48	4.31	4.04	4.36	4.67	5.10	5.16
Accounts Payable Turnover	10.56	14.39	20.13	16.55	13.75	13.35	15.99	14.87	9.75	12.94	12.25
Days Sales Outstanding (DSO)	38.48	40.78	33.88	38.72	42.15	41.98	31.53	43.30	43.62	38.61	30.70
Days Inventory Outstanding (DIO)	97.65	94.08	88.02	81.00	81.04	73.12	72.66	67.64	72.16	74.62	85.86
Days Payable Outstanding (DPO)	34.56	25.37	18.13	22.05	26.55	27.34	22.83	24.54	37.45	28.20	29.79
Cash Conversion Cycle (CCC)	101.57	109.50	103.77	97.66	96.64	87.77	81.36	86.40	78.32	85.02	86.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	283	256	248	257	248	239	296	313	303	333	343
Invested Capital Turnover	2.39	2.17	2.13	2.11	2.08	2.14	1.98	2.00	2.20	2.26	2.12
Increase / (Decrease) in Invested Capital	-19	-86	-70	-28	-35	-17	48	56	54	94	48
Enterprise Value (EV)	470	460	632	659	505	489	500	483	679	708	615
Market Capitalization	561	585	718	743	603	600	536	512	733	747	630
Book Value per Share	$19.29	$19.63	$17.15	$17.51	$17.77	$18.04	$17.05	$17.57	$18.35	$19.14	$18.48
Tangible Book Value per Share	$18.47	$18.82	$16.34	$16.72	$16.98	$17.27	$14.29	$14.73	$15.53	$16.34	$15.71
Total Capital	375	382	334	341	346	351	332	341	356	372	359
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	-92	-126	-86	-84	-98	-112	-36	-28	-54	-39	-16
Capital Expenditures (CapEx)	11	4.10	12	1.96	3.23	1.69	2.67	2.19	1.54	1.72	1.49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	155	127	113	122	115	109	109	128	120	157	170
Debt-free Net Working Capital (DFNWC)	247	253	198	206	212	220	145	156	174	196	186
Net Working Capital (NWC)	247	253	198	206	212	220	145	156	174	196	186
Net Nonoperating Expense (NNE)	-0.86	-1.09	-1.20	-0.86	-0.91	-1.03	-0.58	-0.22	-0.36	-0.34	-0.29
Net Nonoperating Obligations (NNO)	-92	-126	-86	-84	-98	-112	-36	-28	-54	-39	-16
Total Depreciation and Amortization (D&A)	3.28	3.48	3.72	3.88	3.85	4.01	4.44	4.62	4.71	4.68	4.57
Debt-free, Cash-free Net Working Capital to Revenue	22.13%	19.57%	18.67%	21.38%	20.76%	20.54%	20.37%	22.43%	19.87%	24.29%	25.14%
Debt-free Net Working Capital to Revenue	35.24%	38.93%	32.84%	36.05%	38.45%	41.62%	27.07%	27.41%	28.75%	30.25%	27.44%
Net Working Capital to Revenue	35.24%	38.93%	32.84%	36.05%	38.45%	41.62%	27.07%	27.41%	28.75%	30.25%	27.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.54	$0.29	$0.06	$0.36	$0.34	$0.23	$0.06	$0.53	$0.78	$0.74	$0.39
Adjusted Weighted Average Basic Shares Outstanding	19.49M	19.50M	19.50M	19.51M	19.50M	19.50M	19.50M	19.48M	19.48M	19.48M	19.47M
Adjusted Diluted Earnings per Share	$0.54	$0.29	$0.06	$0.35	$0.34	$0.24	$0.06	$0.52	$0.78	$0.74	$0.39
Adjusted Weighted Average Diluted Shares Outstanding	19.55M	19.57M	19.57M	19.59M	19.57M	19.58M	19.55M	19.53M	19.55M	19.56M	19.55M
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	19.43M	19.45M	19.45M	19.48M	19.44M	19.45M	19.43M	19.41M	19.41M	19.42M	19.40M
Normalized Net Operating Profit after Tax (NOPAT)	9.71	4.54	-0.07	6.08	5.65	3.64	1.21	11	15	14	7.34
Normalized NOPAT Margin	5.86%	2.88%	-0.06%	4.77%	3.88%	2.71%	0.94%	6.56%	8.60%	8.05%	4.59%
Pre Tax Income Margin	8.17%	4.61%	1.28%	7.03%	5.98%	4.51%	1.13%	8.29%	10.99%	10.85%	6.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	623.35	292.70	-2.59	279.68	394.42	361.00	53.00	1,001.69	1,379.36	1,564.00	712.31
NOPAT to Interest Expense	485.31	226.95	-2.43	217.09	297.54	280.12	38.39	770.09	1,056.82	1,184.03	561.73
EBIT Less CapEx to Interest Expense	63.35	87.80	-425.52	209.79	224.21	231.08	-152.15	833.31	1,269.71	1,421.08	597.38
NOPAT Less CapEx to Interest Expense	-74.69	22.05	-425.37	147.19	127.33	150.20	-166.76	601.71	947.18	1,041.11	446.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	80.74%	127.26%	227.18%	209.97%	251.42%	263.88%	113.04%	96.53%	69.88%	53.05%	45.71%
Augmented Payout Ratio	87.65%	134.44%	235.88%	215.10%	260.48%	273.39%	122.98%	108.67%	76.20%	58.59%	50.76%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven snapshot of Insteel Industries (NYSE: IIIN) using quarterly results from the past four years. The focus is on trends in revenue, margins, cash flow, and balance-sheet health to help retail investors gauge momentum and risk.

Strong short‑term liquidity: As of Q1 2026, cash and equivalents were $15.59M, total current assets were $258.22M, and total current liabilities were $72.20M, yielding a current ratio well above 3x (and a quick ratio around 1.1x when considering receivables of $64.61M).
Margin improvement through 2024–2025: Gross margin rose into the mid‑teens by late 2025 (Q4 2025 gross profit $28.61M on $177.44M revenue ≈ 16.1%; Q3 2025 ≈ 17.1%), up from the 7–9% range seen earlier in 2024–Q1 2025, signaling better price/mix and cost control.
Net income from continuing operations remained solid and improving: Net income from continuing operations was about $14.6–15.2M in Q3–Q4 2025, with positive results continuing into 2026 (Q1 2026 net income from continuing operations ≈ $7.59M).
Robust operating cash flow in several quarters: Notably, Q3 2025 had operating cash flow of about $28.5M and Q1 2025 about $19.0M, illustrating strong cash generation during portions of the period.
Free cash flow (FCF) covered positive periods in multiple quarters: Positive FCF occurred in quarters like Q1 2025 (~$16.3M) and Q3 2025 (~$26.9M), and again in Q1 2026 (~$0.8M), indicating cash available after capex in those periods.
Dividend/payouts show variability: Dividends per share have fluctuated across quarters (e.g., notable figures in some quarters and lower levels in others), suggesting policy adjustments or restatements—verify with latest earnings materials.
Capex remains modest and relatively steady: Quarterly purchases of property, plant & equipment typically run in the low millions (roughly $1–$2M per quarter), consistent with a manufacturing company that is not in a heavy capex cycle.
Financing activities show cash outflows on balance: Net cash from continuing financing activities is often negative, driven by dividends and debt activity, indicating cash is being returned to shareholders and/or used to de‑leverage gradually.
Near‑term cash balance can shrink in some quarters: Net change in cash and equivalents was negative in Q4 2025 (≈ −$15.0M) and again in Q1 2026 (≈ −$23.0M), signaling quarterly volatility in cash position.
Occasional negative operating cash flow in select quarters: For example, Q4 2025 and Q1 2026 show negative net cash from operating activities, highlighting quarterly volatility in core operations.

05/19/26 11:41 AM ETAI Generated. May Contain Errors.

Insteel Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Insteel Industries' fiscal year ends in September. Their fiscal year 2025 ended on September 27, 2025.

Insteel Industries' net income appears to be on an upward trend, with a most recent value of $41.02 million in 2025, rising from $21.71 million in 2015. The previous period was $19.31 million in 2024. Find out what analysts predict for Insteel Industries in the coming months.

Insteel Industries' total operating income in 2025 was $51.81 million, based on the following breakdown:

Total Gross Profit: $93.44 million
Total Operating Expenses: $41.63 million

Over the last 10 years, Insteel Industries' total revenue changed from $447.50 million in 2015 to $647.71 million in 2025, a change of 44.7%.

Insteel Industries' total liabilities were at $91.12 million at the end of 2025, a 27.1% increase from 2024, and a 51.8% increase since 2015.

In the past 10 years, Insteel Industries' cash and equivalents has ranged from $32.11 million in 2017 to $125.67 million in 2023, and is currently $38.63 million as of their latest financial filing in 2025.

Over the last 10 years, Insteel Industries' book value per share changed from 10.86 in 2015 to 19.14 in 2025, a change of 76.3%.

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Financial statements for NYSE:IIIN last updated on 4/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Insteel Industries (IIIN) Financials

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Insteel Industries (IIIN) Financials

Annual Income Statements for Insteel Industries

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Quarterly Cash Flow Statements for Insteel Industries

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Quarterly Balance Sheets for Insteel Industries

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Quarterly Metrics And Ratios for Insteel Industries

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Key Financial Trends

Insteel Industries Financials - Frequently Asked Questions

When does Insteel Industries' financial year end?

How has Insteel Industries' net income changed over the last 10 years?

What is Insteel Industries' operating income?

How has Insteel Industries' revenue changed over the last 10 years?

How much debt does Insteel Industries have?

How much cash does Insteel Industries have?

How has Insteel Industries' book value per share changed over the last 10 years?

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