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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) 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 $86.6M, roughly 1.8× AlTi Global, Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -15.1%, a 19.9% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 23.3%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 12.0%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $159.9M |
| Net Profit | $-13.1M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | -2.1% | 6.0% |
| Net Margin | -15.1% | 4.7% |
| Revenue YoY | 87.0% | 23.3% |
| Net Profit YoY | 75.6% | 602.4% |
| EPS (diluted) | — | $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 | $86.6M | $159.9M | ||
| Q3 25 | $57.2M | $177.4M | ||
| Q2 25 | $53.1M | $179.9M | ||
| Q1 25 | $58.0M | $160.7M | ||
| Q4 24 | $46.3M | $129.7M | ||
| Q3 24 | $51.8M | $134.3M | ||
| Q2 24 | $49.5M | $145.8M | ||
| Q1 24 | $50.8M | $127.4M |
| Q4 25 | $-13.1M | $7.6M | ||
| Q3 25 | $-84.1M | $14.6M | ||
| Q2 25 | $-24.4M | $15.2M | ||
| Q1 25 | $1.9M | $10.2M | ||
| Q4 24 | $-53.8M | $1.1M | ||
| Q3 24 | $-72.5M | $4.7M | ||
| Q2 24 | $-6.4M | $6.6M | ||
| Q1 24 | $29.7M | $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 | -2.1% | 6.0% | ||
| Q3 25 | -49.8% | 10.8% | ||
| Q2 25 | -56.7% | 11.0% | ||
| Q1 25 | -23.3% | 8.3% | ||
| Q4 24 | -42.7% | 1.1% | ||
| Q3 24 | -18.4% | 4.5% | ||
| Q2 24 | -30.2% | 6.0% | ||
| Q1 24 | -28.9% | 7.0% |
| Q4 25 | -15.1% | 4.7% | ||
| Q3 25 | -147.0% | 8.2% | ||
| Q2 25 | -45.9% | 8.4% | ||
| Q1 25 | 3.3% | 6.4% | ||
| Q4 24 | -116.1% | 0.8% | ||
| Q3 24 | -140.0% | 3.5% | ||
| Q2 24 | -12.9% | 4.5% | ||
| Q1 24 | 58.4% | 5.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.74 | ||
| Q2 25 | $-0.33 | $0.78 | ||
| Q1 25 | $-0.04 | $0.52 | ||
| Q4 24 | $-0.71 | $0.06 | ||
| Q3 24 | $-0.88 | $0.24 | ||
| Q2 24 | $-0.18 | $0.34 | ||
| Q1 24 | $0.18 | $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 | $41.2M | $15.6M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $358.8M |
| Total Assets | $1.2B | $456.1M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $15.6M | ||
| Q3 25 | $35.8M | $38.6M | ||
| Q2 25 | $42.4M | $53.7M | ||
| Q1 25 | $52.8M | $28.4M | ||
| Q4 24 | $64.4M | $36.0M | ||
| Q3 24 | $220.6M | $111.5M | ||
| Q2 24 | $60.0M | $97.7M | ||
| Q1 24 | $134.2M | $83.9M |
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $358.8M | ||
| Q3 25 | $607.2M | $371.5M | ||
| Q2 25 | $685.4M | $356.2M | ||
| Q1 25 | $665.2M | $341.4M | ||
| Q4 24 | $658.4M | $331.6M | ||
| Q3 24 | $707.0M | $350.9M | ||
| Q2 24 | $540.2M | $346.0M | ||
| Q1 24 | $510.9M | $340.6M |
| Q4 25 | $1.2B | $456.1M | ||
| Q3 25 | $1.2B | $462.6M | ||
| Q2 25 | $1.2B | $471.9M | ||
| Q1 25 | $1.2B | $421.9M | ||
| Q4 24 | $1.3B | $404.7M | ||
| Q3 24 | $1.4B | $422.6M | ||
| Q2 24 | $1.3B | $414.6M | ||
| Q1 24 | $1.3B | $397.2M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $-701.0K |
| Free Cash FlowOCF − Capex | $-52.2M | $-2.2M |
| FCF MarginFCF / Revenue | -60.3% | -1.4% |
| Capex IntensityCapex / Revenue | 0.9% | 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 | $-51.4M | $-701.0K | ||
| Q3 25 | $-53.5M | $-17.0M | ||
| Q2 25 | $-19.9M | $28.5M | ||
| Q1 25 | $-30.2M | $-3.3M | ||
| Q4 24 | $-50.7M | $19.0M | ||
| Q3 24 | $-4.9M | $16.2M | ||
| Q2 24 | $-30.2M | $18.8M | ||
| Q1 24 | $-15.5M | $1.4M |
| Q4 25 | $-52.2M | $-2.2M | ||
| Q3 25 | — | $-18.7M | ||
| Q2 25 | $-20.0M | $26.9M | ||
| Q1 25 | $-31.0M | $-5.5M | ||
| Q4 24 | $-58.2M | $16.3M | ||
| Q3 24 | $-9.4M | $14.5M | ||
| Q2 24 | $-31.2M | $15.5M | ||
| Q1 24 | $-15.7M | $-580.0K |
| Q4 25 | -60.3% | -1.4% | ||
| Q3 25 | — | -10.6% | ||
| Q2 25 | -37.6% | 15.0% | ||
| Q1 25 | -53.4% | -3.5% | ||
| Q4 24 | -125.7% | 12.6% | ||
| Q3 24 | -18.2% | 10.8% | ||
| Q2 24 | -63.2% | 10.7% | ||
| Q1 24 | -30.9% | -0.5% |
| Q4 25 | 0.9% | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 1.3% | 1.4% | ||
| Q4 24 | 16.3% | 2.1% | ||
| Q3 24 | 8.7% | 1.3% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 0.4% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | -15.80× | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | -0.52× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
