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Side-by-side financial comparison of Adeia Inc. (ADEA) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.

INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $104.8M, roughly 1.5× Adeia Inc.). Adeia Inc. runs the higher net margin — 21.7% vs 4.7%, a 17.0% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 19.5%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 9.5%).

Adeia Inc. is a global intellectual property licensing and innovation firm focused on developing, protecting and commercializing patented technologies across semiconductor manufacturing, connected consumer electronics, media distribution and smart device segments. It partners with leading global technology enterprises to deploy its innovations, supporting continuous industry technological progress.

Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.

ADEA vs IIIN — Head-to-Head

Bigger by revenue
IIIN
IIIN
1.5× larger
IIIN
$159.9M
$104.8M
ADEA
Growing faster (revenue YoY)
IIIN
IIIN
+3.8% gap
IIIN
23.3%
19.5%
ADEA
Higher net margin
ADEA
ADEA
17.0% more per $
ADEA
21.7%
4.7%
IIIN
Faster 2-yr revenue CAGR
IIIN
IIIN
Annualised
IIIN
12.0%
9.5%
ADEA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ADEA
ADEA
IIIN
IIIN
Revenue
$104.8M
$159.9M
Net Profit
$22.8M
$7.6M
Gross Margin
11.3%
Operating Margin
33.2%
6.0%
Net Margin
21.7%
4.7%
Revenue YoY
19.5%
23.3%
Net Profit YoY
92.8%
602.4%
EPS (diluted)
$0.20
$0.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADEA
ADEA
IIIN
IIIN
Q1 26
$104.8M
Q4 25
$182.6M
$159.9M
Q3 25
$87.3M
$177.4M
Q2 25
$85.7M
$179.9M
Q1 25
$87.7M
$160.7M
Q4 24
$119.2M
$129.7M
Q3 24
$86.1M
$134.3M
Q2 24
$87.3M
$145.8M
Net Profit
ADEA
ADEA
IIIN
IIIN
Q1 26
$22.8M
Q4 25
$73.7M
$7.6M
Q3 25
$8.8M
$14.6M
Q2 25
$16.7M
$15.2M
Q1 25
$11.8M
$10.2M
Q4 24
$36.0M
$1.1M
Q3 24
$19.3M
$4.7M
Q2 24
$8.4M
$6.6M
Gross Margin
ADEA
ADEA
IIIN
IIIN
Q1 26
Q4 25
11.3%
Q3 25
16.1%
Q2 25
17.1%
Q1 25
15.3%
Q4 24
7.3%
Q3 24
9.1%
Q2 24
10.6%
Operating Margin
ADEA
ADEA
IIIN
IIIN
Q1 26
33.2%
Q4 25
59.5%
6.0%
Q3 25
30.9%
10.8%
Q2 25
19.1%
11.0%
Q1 25
26.0%
8.3%
Q4 24
48.2%
1.1%
Q3 24
32.7%
4.5%
Q2 24
27.1%
6.0%
Net Margin
ADEA
ADEA
IIIN
IIIN
Q1 26
21.7%
Q4 25
40.4%
4.7%
Q3 25
10.1%
8.2%
Q2 25
19.5%
8.4%
Q1 25
13.5%
6.4%
Q4 24
30.2%
0.8%
Q3 24
22.4%
3.5%
Q2 24
9.6%
4.5%
EPS (diluted)
ADEA
ADEA
IIIN
IIIN
Q1 26
$0.20
Q4 25
$0.66
$0.39
Q3 25
$0.08
$0.74
Q2 25
$0.15
$0.78
Q1 25
$0.10
$0.52
Q4 24
$0.32
$0.06
Q3 24
$0.17
$0.24
Q2 24
$0.07
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADEA
ADEA
IIIN
IIIN
Cash + ST InvestmentsLiquidity on hand
$53.3M
$15.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$358.8M
Total Assets
$1.0B
$456.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADEA
ADEA
IIIN
IIIN
Q1 26
$53.3M
Q4 25
$136.7M
$15.6M
Q3 25
$115.1M
$38.6M
Q2 25
$116.5M
$53.7M
Q1 25
$116.5M
$28.4M
Q4 24
$110.4M
$36.0M
Q3 24
$89.2M
$111.5M
Q2 24
$94.5M
$97.7M
Total Debt
ADEA
ADEA
IIIN
IIIN
Q1 26
Q4 25
$418.5M
Q3 25
$438.7M
Q2 25
$448.9M
Q1 25
$459.2M
Q4 24
$475.5M
Q3 24
$524.4M
Q2 24
$535.6M
Stockholders' Equity
ADEA
ADEA
IIIN
IIIN
Q1 26
Q4 25
$480.5M
$358.8M
Q3 25
$413.7M
$371.5M
Q2 25
$402.9M
$356.2M
Q1 25
$389.5M
$341.4M
Q4 24
$396.6M
$331.6M
Q3 24
$378.2M
$350.9M
Q2 24
$359.1M
$346.0M
Total Assets
ADEA
ADEA
IIIN
IIIN
Q1 26
$1.0B
Q4 25
$1.0B
$456.1M
Q3 25
$1.1B
$462.6M
Q2 25
$1.1B
$471.9M
Q1 25
$1.1B
$421.9M
Q4 24
$1.1B
$404.7M
Q3 24
$1.1B
$422.6M
Q2 24
$1.1B
$414.6M
Debt / Equity
ADEA
ADEA
IIIN
IIIN
Q1 26
Q4 25
0.87×
Q3 25
1.06×
Q2 25
1.11×
Q1 25
1.18×
Q4 24
1.20×
Q3 24
1.39×
Q2 24
1.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADEA
ADEA
IIIN
IIIN
Operating Cash FlowLast quarter
$58.5M
$-701.0K
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
2.57×
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$439.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADEA
ADEA
IIIN
IIIN
Q1 26
$58.5M
Q4 25
$60.0M
$-701.0K
Q3 25
$17.8M
$-17.0M
Q2 25
$23.1M
$28.5M
Q1 25
$57.1M
$-3.3M
Q4 24
$107.5M
$19.0M
Q3 24
$14.3M
$16.2M
Q2 24
$23.5M
$18.8M
Free Cash Flow
ADEA
ADEA
IIIN
IIIN
Q1 26
Q4 25
$59.4M
$-2.2M
Q3 25
$17.0M
$-18.7M
Q2 25
$22.9M
$26.9M
Q1 25
$56.9M
$-5.5M
Q4 24
$106.9M
$16.3M
Q3 24
$14.3M
$14.5M
Q2 24
$23.0M
$15.5M
FCF Margin
ADEA
ADEA
IIIN
IIIN
Q1 26
Q4 25
32.5%
-1.4%
Q3 25
19.5%
-10.6%
Q2 25
26.7%
15.0%
Q1 25
64.9%
-3.5%
Q4 24
89.7%
12.6%
Q3 24
16.6%
10.8%
Q2 24
26.4%
10.7%
Capex Intensity
ADEA
ADEA
IIIN
IIIN
Q1 26
Q4 25
0.3%
0.9%
Q3 25
0.9%
1.0%
Q2 25
0.2%
0.9%
Q1 25
0.3%
1.4%
Q4 24
0.5%
2.1%
Q3 24
0.1%
1.3%
Q2 24
0.5%
2.2%
Cash Conversion
ADEA
ADEA
IIIN
IIIN
Q1 26
2.57×
Q4 25
0.81×
-0.09×
Q3 25
2.02×
-1.17×
Q2 25
1.38×
1.88×
Q1 25
4.84×
-0.32×
Q4 24
2.98×
17.56×
Q3 24
0.74×
3.48×
Q2 24
2.80×
2.86×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADEA
ADEA

Segment breakdown not available.

IIIN
IIIN

Welded Wire Reinforcement$108.4M68%
PC Strand$51.6M32%

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