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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) 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 $107.5M, roughly 1.5× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 6.1%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 7.1%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
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.
AGM vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $159.9M |
| Net Profit | — | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 56.3% | 6.0% |
| Net Margin | — | 4.7% |
| Revenue YoY | 6.1% | 23.3% |
| Net Profit YoY | — | 602.4% |
| EPS (diluted) | $3.69 | $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.
| Q4 25 | $107.5M | $159.9M | ||
| Q3 25 | $104.0M | $177.4M | ||
| Q2 25 | $102.6M | $179.9M | ||
| Q1 25 | $94.3M | $160.7M | ||
| Q4 24 | $101.3M | $129.7M | ||
| Q3 24 | $90.3M | $134.3M | ||
| Q2 24 | $89.9M | $145.8M | ||
| Q1 24 | $93.7M | $127.4M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $55.0M | $14.6M | ||
| Q2 25 | $54.8M | $15.2M | ||
| Q1 25 | $49.7M | $10.2M | ||
| Q4 24 | $56.5M | $1.1M | ||
| Q3 24 | $49.8M | $4.7M | ||
| Q2 24 | $47.1M | $6.6M | ||
| Q1 24 | $53.7M | $6.9M |
| 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% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 56.3% | 6.0% | ||
| Q3 25 | 64.1% | 10.8% | ||
| Q2 25 | 63.8% | 11.0% | ||
| Q1 25 | 66.9% | 8.3% | ||
| Q4 24 | 67.5% | 1.1% | ||
| Q3 24 | 69.0% | 4.5% | ||
| Q2 24 | 65.9% | 6.0% | ||
| Q1 24 | 72.8% | 7.0% |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 52.9% | 8.2% | ||
| Q2 25 | 53.4% | 8.4% | ||
| Q1 25 | 52.6% | 6.4% | ||
| Q4 24 | 55.8% | 0.8% | ||
| Q3 24 | 55.2% | 3.5% | ||
| Q2 24 | 52.4% | 4.5% | ||
| Q1 24 | 57.4% | 5.4% |
| Q4 25 | $3.69 | $0.39 | ||
| Q3 25 | $4.44 | $0.74 | ||
| Q2 25 | $4.48 | $0.78 | ||
| Q1 25 | $4.01 | $0.52 | ||
| Q4 24 | $4.62 | $0.06 | ||
| Q3 24 | $3.86 | $0.24 | ||
| Q2 24 | $3.68 | $0.34 | ||
| Q1 24 | $4.28 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $15.6M |
| Total DebtLower is stronger | $30.8B | — |
| Stockholders' EquityBook value | $1.7B | $358.8M |
| Total Assets | $35.4B | $456.1M |
| Debt / EquityLower = less leverage | 17.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $38.6M | ||
| Q2 25 | — | $53.7M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | — | $36.0M | ||
| Q3 24 | $842.1M | $111.5M | ||
| Q2 24 | $923.0M | $97.7M | ||
| Q1 24 | $745.1M | $83.9M |
| Q4 25 | $30.8B | — | ||
| Q3 25 | $29.2B | — | ||
| Q2 25 | $28.9B | — | ||
| Q1 25 | $28.0B | — | ||
| Q4 24 | $27.5B | — | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $26.8B | — | ||
| Q1 24 | $26.8B | — |
| Q4 25 | $1.7B | $358.8M | ||
| Q3 25 | $1.7B | $371.5M | ||
| Q2 25 | $1.5B | $356.2M | ||
| Q1 25 | $1.5B | $341.4M | ||
| Q4 24 | $1.5B | $331.6M | ||
| Q3 24 | $1.5B | $350.9M | ||
| Q2 24 | $1.5B | $346.0M | ||
| Q1 24 | $1.5B | $340.6M |
| Q4 25 | $35.4B | $456.1M | ||
| Q3 25 | $33.4B | $462.6M | ||
| Q2 25 | $33.0B | $471.9M | ||
| Q1 25 | $31.8B | $421.9M | ||
| Q4 24 | $31.3B | $404.7M | ||
| Q3 24 | $30.6B | $422.6M | ||
| Q2 24 | $30.2B | $414.6M | ||
| Q1 24 | $29.8B | $397.2M |
| Q4 25 | 17.93× | — | ||
| Q3 25 | 17.31× | — | ||
| Q2 25 | 18.70× | — | ||
| Q1 25 | 18.39× | — | ||
| Q4 24 | 18.48× | — | ||
| Q3 24 | 18.60× | — | ||
| Q2 24 | 17.87× | — | ||
| Q1 24 | 18.11× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $80.1M | $-701.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -1.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $-701.0K | ||
| Q3 25 | $74.2M | $-17.0M | ||
| Q2 25 | $-47.7M | $28.5M | ||
| Q1 25 | $-49.8M | $-3.3M | ||
| Q4 24 | $612.6M | $19.0M | ||
| Q3 24 | $-44.4M | $16.2M | ||
| Q2 24 | $56.1M | $18.8M | ||
| Q1 24 | $233.3M | $1.4M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $-18.7M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | $607.4M | $16.3M | ||
| Q3 24 | $-44.4M | $14.5M | ||
| Q2 24 | $52.6M | $15.5M | ||
| Q1 24 | $231.7M | $-580.0K |
| Q4 25 | — | -1.4% | ||
| Q3 25 | — | -10.6% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | -3.5% | ||
| Q4 24 | 599.8% | 12.6% | ||
| Q3 24 | -49.2% | 10.8% | ||
| Q2 24 | 58.5% | 10.7% | ||
| Q1 24 | 247.3% | -0.5% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 0.0% | 1.4% | ||
| Q4 24 | 5.2% | 2.1% | ||
| Q3 24 | 0.1% | 1.3% | ||
| Q2 24 | 4.0% | 2.2% | ||
| Q1 24 | 1.7% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | 1.35× | -1.17× | ||
| Q2 25 | -0.87× | 1.88× | ||
| Q1 25 | -1.00× | -0.32× | ||
| Q4 24 | 10.84× | 17.56× | ||
| Q3 24 | -0.89× | 3.48× | ||
| Q2 24 | 1.19× | 2.86× | ||
| Q1 24 | 4.34× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
