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Side-by-side financial comparison of Bandwidth Inc. (BAND) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $159.9M, roughly 1.3× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 1.9%, a 2.8% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 20.1%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 9.7%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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.
BAND vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $159.9M |
| Net Profit | $4.0M | $7.6M |
| Gross Margin | 37.3% | 11.3% |
| Operating Margin | 60.5% | 6.0% |
| Net Margin | 1.9% | 4.7% |
| Revenue YoY | 20.1% | 23.3% |
| Net Profit YoY | 200.0% | 602.4% |
| EPS (diluted) | $-0.08 | $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 | $208.8M | — | ||
| Q4 25 | $207.7M | $159.9M | ||
| Q3 25 | $191.9M | $177.4M | ||
| Q2 25 | $180.0M | $179.9M | ||
| Q1 25 | $174.2M | $160.7M | ||
| Q4 24 | $210.0M | $129.7M | ||
| Q3 24 | $193.9M | $134.3M | ||
| Q2 24 | $173.6M | $145.8M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $7.6M | ||
| Q3 25 | $-1.2M | $14.6M | ||
| Q2 25 | $-4.9M | $15.2M | ||
| Q1 25 | $-3.7M | $10.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $413.0K | $4.7M | ||
| Q2 24 | $4.1M | $6.6M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 11.3% | ||
| Q3 25 | 38.5% | 16.1% | ||
| Q2 25 | 39.8% | 17.1% | ||
| Q1 25 | 41.0% | 15.3% | ||
| Q4 24 | 36.4% | 7.3% | ||
| Q3 24 | 37.7% | 9.1% | ||
| Q2 24 | 37.3% | 10.6% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 6.0% | ||
| Q3 25 | -1.0% | 10.8% | ||
| Q2 25 | -2.1% | 11.0% | ||
| Q1 25 | -2.7% | 8.3% | ||
| Q4 24 | -1.3% | 1.1% | ||
| Q3 24 | -0.5% | 4.5% | ||
| Q2 24 | -3.5% | 6.0% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | -0.6% | 8.2% | ||
| Q2 25 | -2.7% | 8.4% | ||
| Q1 25 | -2.1% | 6.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 0.2% | 3.5% | ||
| Q2 24 | 2.3% | 4.5% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.39 | ||
| Q3 25 | $-0.04 | $0.74 | ||
| Q2 25 | $-0.16 | $0.78 | ||
| Q1 25 | $-0.13 | $0.52 | ||
| Q4 24 | $0.27 | $0.06 | ||
| Q3 24 | $0.01 | $0.24 | ||
| Q2 24 | $-0.17 | $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 | $47.3M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $358.8M |
| Total Assets | $984.2M | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $15.6M | ||
| Q3 25 | $80.4M | $38.6M | ||
| Q2 25 | $68.1M | $53.7M | ||
| Q1 25 | $41.7M | $28.4M | ||
| Q4 24 | $83.8M | $36.0M | ||
| Q3 24 | $79.9M | $111.5M | ||
| Q2 24 | $76.4M | $97.7M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $358.8M | ||
| Q3 25 | $392.7M | $371.5M | ||
| Q2 25 | $384.5M | $356.2M | ||
| Q1 25 | $345.4M | $341.4M | ||
| Q4 24 | $312.5M | $331.6M | ||
| Q3 24 | $336.6M | $350.9M | ||
| Q2 24 | $307.4M | $346.0M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $456.1M | ||
| Q3 25 | $1.0B | $462.6M | ||
| Q2 25 | $1.0B | $471.9M | ||
| Q1 25 | $964.4M | $421.9M | ||
| Q4 24 | $989.2M | $404.7M | ||
| Q3 24 | $1.0B | $422.6M | ||
| Q2 24 | $1.0B | $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 | $-1.0M | $-2.2M |
| FCF MarginFCF / Revenue | -0.5% | -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 | $38.6M | $-701.0K | ||
| Q3 25 | $22.2M | $-17.0M | ||
| Q2 25 | $31.7M | $28.5M | ||
| Q1 25 | $-3.1M | $-3.3M | ||
| Q4 24 | $36.5M | $19.0M | ||
| Q3 24 | $20.5M | $16.2M | ||
| Q2 24 | $24.4M | $18.8M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $-18.7M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $14.5M | ||
| Q2 24 | — | $15.5M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -1.4% | ||
| Q3 25 | — | -10.6% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | -3.5% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | 49.55× | 3.48× | ||
| Q2 24 | 6.03× | 2.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
