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Side-by-side financial comparison of AMERISAFE INC (AMSF) 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 $80.1M, roughly 2.0× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 4.7%, a 5.4% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 10.3%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 2.8%).
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
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.
AMSF vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $159.9M |
| Net Profit | $8.1M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | — | 6.0% |
| Net Margin | 10.2% | 4.7% |
| Revenue YoY | 10.3% | 23.3% |
| Net Profit YoY | -9.0% | 602.4% |
| EPS (diluted) | $0.43 | $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.
| Q1 26 | $80.1M | — | ||
| Q4 25 | $81.6M | $159.9M | ||
| Q3 25 | $82.0M | $177.4M | ||
| Q2 25 | $81.1M | $179.9M | ||
| Q1 25 | $72.6M | $160.7M | ||
| Q4 24 | $74.0M | $129.7M | ||
| Q3 24 | $78.7M | $134.3M | ||
| Q2 24 | $75.8M | $145.8M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $7.6M | ||
| Q3 25 | $13.8M | $14.6M | ||
| Q2 25 | $14.0M | $15.2M | ||
| Q1 25 | $8.9M | $10.2M | ||
| Q4 24 | $13.2M | $1.1M | ||
| Q3 24 | $14.3M | $4.7M | ||
| Q2 24 | $11.0M | $6.6M |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 6.0% | ||
| Q3 25 | 21.3% | 10.8% | ||
| Q2 25 | 21.5% | 11.0% | ||
| Q1 25 | 15.5% | 8.3% | ||
| Q4 24 | 22.7% | 1.1% | ||
| Q3 24 | 22.6% | 4.5% | ||
| Q2 24 | 18.1% | 6.0% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 4.7% | ||
| Q3 25 | 16.9% | 8.2% | ||
| Q2 25 | 17.2% | 8.4% | ||
| Q1 25 | 12.3% | 6.4% | ||
| Q4 24 | 17.8% | 0.8% | ||
| Q3 24 | 18.2% | 3.5% | ||
| Q2 24 | 14.5% | 4.5% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $0.39 | ||
| Q3 25 | $0.72 | $0.74 | ||
| Q2 25 | $0.73 | $0.78 | ||
| Q1 25 | $0.47 | $0.52 | ||
| Q4 24 | $0.69 | $0.06 | ||
| Q3 24 | $0.75 | $0.24 | ||
| Q2 24 | $0.57 | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $246.6M | $358.8M |
| Total Assets | — | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $15.6M | ||
| Q3 25 | $54.7M | $38.6M | ||
| Q2 25 | $48.5M | $53.7M | ||
| Q1 25 | $44.8M | $28.4M | ||
| Q4 24 | $44.1M | $36.0M | ||
| Q3 24 | $63.7M | $111.5M | ||
| Q2 24 | $30.6M | $97.7M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $358.8M | ||
| Q3 25 | $274.8M | $371.5M | ||
| Q2 25 | $265.6M | $356.2M | ||
| Q1 25 | $260.8M | $341.4M | ||
| Q4 24 | $257.3M | $331.6M | ||
| Q3 24 | $314.4M | $350.9M | ||
| Q2 24 | $301.0M | $346.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $456.1M | ||
| Q3 25 | $1.2B | $462.6M | ||
| Q2 25 | $1.2B | $471.9M | ||
| Q1 25 | $1.2B | $421.9M | ||
| Q4 24 | $1.2B | $404.7M | ||
| Q3 24 | $1.3B | $422.6M | ||
| Q2 24 | $1.2B | $414.6M |
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 | — | $-701.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -1.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $-701.0K | ||
| Q3 25 | $10.7M | $-17.0M | ||
| Q2 25 | $-8.4M | $28.5M | ||
| Q1 25 | $-1.8M | $-3.3M | ||
| Q4 24 | $24.2M | $19.0M | ||
| Q3 24 | $8.4M | $16.2M | ||
| Q2 24 | $-2.6M | $18.8M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $-2.2M | ||
| Q3 25 | $9.8M | $-18.7M | ||
| Q2 25 | $-9.5M | $26.9M | ||
| Q1 25 | $-1.8M | $-5.5M | ||
| Q4 24 | $23.4M | $16.3M | ||
| Q3 24 | $8.4M | $14.5M | ||
| Q2 24 | $-2.6M | $15.5M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | -1.4% | ||
| Q3 25 | 11.9% | -10.6% | ||
| Q2 25 | -11.7% | 15.0% | ||
| Q1 25 | -2.5% | -3.5% | ||
| Q4 24 | 31.5% | 12.6% | ||
| Q3 24 | 10.7% | 10.8% | ||
| Q2 24 | -3.5% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.9% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 1.3% | 0.9% | ||
| Q1 25 | 0.0% | 1.4% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 0.0% | 1.3% | ||
| Q2 24 | 0.1% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | -0.09× | ||
| Q3 25 | 0.77× | -1.17× | ||
| Q2 25 | -0.61× | 1.88× | ||
| Q1 25 | -0.20× | -0.32× | ||
| Q4 24 | 1.83× | 17.56× | ||
| Q3 24 | 0.59× | 3.48× | ||
| Q2 24 | -0.24× | 2.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
