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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) 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 $104.4M, roughly 1.5× AMPCO PITTSBURGH CORP). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -55.2%, a 60.0% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 11.5%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
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.
AP vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $159.9M |
| Net Profit | $-57.7M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | -54.0% | 6.0% |
| Net Margin | -55.2% | 4.7% |
| Revenue YoY | 11.5% | 23.3% |
| Net Profit YoY | -1958.9% | 602.4% |
| EPS (diluted) | $-2.87 | $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 | $104.4M | $159.9M | ||
| Q3 25 | $103.7M | $177.4M | ||
| Q2 25 | $108.9M | $179.9M | ||
| Q1 25 | $99.2M | $160.7M | ||
| Q4 24 | $93.6M | $129.7M | ||
| Q3 24 | $92.1M | $134.3M | ||
| Q2 24 | $107.1M | $145.8M | ||
| Q1 24 | $110.0M | $127.4M |
| Q4 25 | $-57.7M | $7.6M | ||
| Q3 25 | $-2.2M | $14.6M | ||
| Q2 25 | $-7.3M | $15.2M | ||
| Q1 25 | $1.1M | $10.2M | ||
| Q4 24 | $3.1M | $1.1M | ||
| Q3 24 | $-2.0M | $4.7M | ||
| Q2 24 | $2.0M | $6.6M | ||
| Q1 24 | $-2.7M | $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 | -54.0% | 6.0% | ||
| Q3 25 | 1.1% | 10.8% | ||
| Q2 25 | -2.8% | 11.0% | ||
| Q1 25 | 3.9% | 8.3% | ||
| Q4 24 | 5.5% | 1.1% | ||
| Q3 24 | 2.0% | 4.5% | ||
| Q2 24 | 4.7% | 6.0% | ||
| Q1 24 | 0.1% | 7.0% |
| Q4 25 | -55.2% | 4.7% | ||
| Q3 25 | -2.1% | 8.2% | ||
| Q2 25 | -6.7% | 8.4% | ||
| Q1 25 | 1.2% | 6.4% | ||
| Q4 24 | 3.3% | 0.8% | ||
| Q3 24 | -2.1% | 3.5% | ||
| Q2 24 | 1.9% | 4.5% | ||
| Q1 24 | -2.5% | 5.4% |
| Q4 25 | $-2.87 | $0.39 | ||
| Q3 25 | $-0.11 | $0.74 | ||
| Q2 25 | $-0.36 | $0.78 | ||
| Q1 25 | $0.06 | $0.52 | ||
| Q4 24 | $0.16 | $0.06 | ||
| Q3 24 | $-0.10 | $0.24 | ||
| Q2 24 | $0.10 | $0.34 | ||
| Q1 24 | $-0.14 | $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 | $10.7M | $15.6M |
| Total DebtLower is stronger | $117.9M | — |
| Stockholders' EquityBook value | $32.6M | $358.8M |
| Total Assets | $495.4M | $456.1M |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $15.6M | ||
| Q3 25 | $15.0M | $38.6M | ||
| Q2 25 | $9.9M | $53.7M | ||
| Q1 25 | $7.1M | $28.4M | ||
| Q4 24 | $15.4M | $36.0M | ||
| Q3 24 | $11.8M | $111.5M | ||
| Q2 24 | $7.9M | $97.7M | ||
| Q1 24 | $10.8M | $83.9M |
| Q4 25 | $117.9M | — | ||
| Q3 25 | $119.0M | — | ||
| Q2 25 | $115.9M | — | ||
| Q1 25 | $115.0M | — | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $119.4M | — | ||
| Q1 24 | $116.2M | — |
| Q4 25 | $32.6M | $358.8M | ||
| Q3 25 | $60.1M | $371.5M | ||
| Q2 25 | $62.7M | $356.2M | ||
| Q1 25 | $64.6M | $341.4M | ||
| Q4 24 | $58.9M | $331.6M | ||
| Q3 24 | $61.3M | $350.9M | ||
| Q2 24 | $58.0M | $346.0M | ||
| Q1 24 | $56.3M | $340.6M |
| Q4 25 | $495.4M | $456.1M | ||
| Q3 25 | $524.4M | $462.6M | ||
| Q2 25 | $537.2M | $471.9M | ||
| Q1 25 | $536.2M | $421.9M | ||
| Q4 24 | $530.9M | $404.7M | ||
| Q3 24 | $547.4M | $422.6M | ||
| Q2 24 | $560.8M | $414.6M | ||
| Q1 24 | $565.8M | $397.2M |
| Q4 25 | 3.61× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — | ||
| Q1 24 | 2.06× | — |
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 | $2.7M | $-701.0K |
| Free Cash FlowOCF − Capex | $-64.0K | $-2.2M |
| FCF MarginFCF / Revenue | -0.1% | -1.4% |
| Capex IntensityCapex / Revenue | 2.7% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $-701.0K | ||
| Q3 25 | $6.3M | $-17.0M | ||
| Q2 25 | $-2.3M | $28.5M | ||
| Q1 25 | $-5.3M | $-3.3M | ||
| Q4 24 | $7.5M | $19.0M | ||
| Q3 24 | $11.4M | $16.2M | ||
| Q2 24 | $-5.3M | $18.8M | ||
| Q1 24 | $4.5M | $1.4M |
| Q4 25 | $-64.0K | $-2.2M | ||
| Q3 25 | $3.3M | $-18.7M | ||
| Q2 25 | $-3.8M | $26.9M | ||
| Q1 25 | $-7.5M | $-5.5M | ||
| Q4 24 | $3.7M | $16.3M | ||
| Q3 24 | $8.4M | $14.5M | ||
| Q2 24 | $-8.0M | $15.5M | ||
| Q1 24 | $1.7M | $-580.0K |
| Q4 25 | -0.1% | -1.4% | ||
| Q3 25 | 3.2% | -10.6% | ||
| Q2 25 | -3.5% | 15.0% | ||
| Q1 25 | -7.5% | -3.5% | ||
| Q4 24 | 4.0% | 12.6% | ||
| Q3 24 | 9.1% | 10.8% | ||
| Q2 24 | -7.5% | 10.7% | ||
| Q1 24 | 1.5% | -0.5% |
| Q4 25 | 2.7% | 0.9% | ||
| Q3 25 | 2.9% | 1.0% | ||
| Q2 25 | 1.3% | 0.9% | ||
| Q1 25 | 2.2% | 1.4% | ||
| Q4 24 | 4.0% | 2.1% | ||
| Q3 24 | 3.2% | 1.3% | ||
| Q2 24 | 2.5% | 2.2% | ||
| Q1 24 | 2.6% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | -4.62× | -0.32× | ||
| Q4 24 | 2.40× | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | -2.64× | 2.86× | ||
| Q1 24 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
