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Side-by-side financial comparison of BLACKBERRY Ltd (BB) 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 $141.8M, roughly 1.1× BLACKBERRY Ltd). BLACKBERRY Ltd runs the higher net margin — 9.7% vs 4.7%, a 4.9% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -0.8%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $-2.2M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 12.0%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
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.
BB vs IIIN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $159.9M |
| Net Profit | $13.7M | $7.6M |
| Gross Margin | 77.5% | 11.3% |
| Operating Margin | 8.4% | 6.0% |
| Net Margin | 9.7% | 4.7% |
| Revenue YoY | -0.8% | 23.3% |
| Net Profit YoY | 224.5% | 602.4% |
| EPS (diluted) | $0.02 | $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 | $141.8M | $159.9M | ||
| Q3 25 | $129.6M | $177.4M | ||
| Q2 25 | $121.7M | $179.9M | ||
| Q1 25 | $141.7M | $160.7M | ||
| Q4 24 | $143.6M | $129.7M | ||
| Q3 24 | $126.2M | $134.3M | ||
| Q2 24 | $123.4M | $145.8M | ||
| Q1 24 | $102.1M | $127.4M |
| Q4 25 | $13.7M | $7.6M | ||
| Q3 25 | $13.3M | $14.6M | ||
| Q2 25 | $1.9M | $15.2M | ||
| Q1 25 | $-7.4M | $10.2M | ||
| Q4 24 | $-10.5M | $1.1M | ||
| Q3 24 | $-19.7M | $4.7M | ||
| Q2 24 | $-41.4M | $6.6M | ||
| Q1 24 | $-56.2M | $6.9M |
| Q4 25 | 77.5% | 11.3% | ||
| Q3 25 | 74.5% | 16.1% | ||
| Q2 25 | 74.2% | 17.1% | ||
| Q1 25 | 73.5% | 15.3% | ||
| Q4 24 | 78.1% | 7.3% | ||
| Q3 24 | 70.2% | 9.1% | ||
| Q2 24 | 72.9% | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 8.4% | 6.0% | ||
| Q3 25 | 8.9% | 10.8% | ||
| Q2 25 | 1.6% | 11.0% | ||
| Q1 25 | -5.6% | 8.3% | ||
| Q4 24 | 13.6% | 1.1% | ||
| Q3 24 | 1.7% | 4.5% | ||
| Q2 24 | -10.5% | 6.0% | ||
| Q1 24 | 50.0% | 7.0% |
| Q4 25 | 9.7% | 4.7% | ||
| Q3 25 | 10.3% | 8.2% | ||
| Q2 25 | 1.6% | 8.4% | ||
| Q1 25 | -5.2% | 6.4% | ||
| Q4 24 | -7.3% | 0.8% | ||
| Q3 24 | -15.6% | 3.5% | ||
| Q2 24 | -33.5% | 4.5% | ||
| Q1 24 | -55.0% | 5.4% |
| Q4 25 | $0.02 | $0.39 | ||
| Q3 25 | $0.02 | $0.74 | ||
| Q2 25 | $0.00 | $0.78 | ||
| Q1 25 | $-0.01 | $0.52 | ||
| Q4 24 | $-0.02 | $0.06 | ||
| Q3 24 | $-0.03 | $0.24 | ||
| Q2 24 | $-0.07 | $0.34 | ||
| Q1 24 | $-0.08 | $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 | $304.2M | $15.6M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $358.8M |
| Total Assets | $1.2B | $456.1M |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $15.6M | ||
| Q3 25 | $290.5M | $38.6M | ||
| Q2 25 | $306.6M | $53.7M | ||
| Q1 25 | $337.8M | $28.4M | ||
| Q4 24 | $220.0M | $36.0M | ||
| Q3 24 | $211.0M | $111.5M | ||
| Q2 24 | $229.0M | $97.7M | ||
| Q1 24 | $237.1M | $83.9M |
| Q4 25 | $196.2M | — | ||
| Q3 25 | $195.9M | — | ||
| Q2 25 | $195.6M | — | ||
| Q1 25 | $195.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $194.1M | — |
| Q4 25 | $741.1M | $358.8M | ||
| Q3 25 | $725.1M | $371.5M | ||
| Q2 25 | $725.1M | $356.2M | ||
| Q1 25 | $719.9M | $341.4M | ||
| Q4 24 | $725.2M | $331.6M | ||
| Q3 24 | $732.1M | $350.9M | ||
| Q2 24 | $742.6M | $346.0M | ||
| Q1 24 | $775.1M | $340.6M |
| Q4 25 | $1.2B | $456.1M | ||
| Q3 25 | $1.2B | $462.6M | ||
| Q2 25 | $1.2B | $471.9M | ||
| Q1 25 | $1.3B | $421.9M | ||
| Q4 24 | $1.3B | $404.7M | ||
| Q3 24 | $1.3B | $422.6M | ||
| Q2 24 | $1.3B | $414.6M | ||
| Q1 24 | $1.4B | $397.2M |
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.25× | — |
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 | $18.3M | $-701.0K |
| Free Cash FlowOCF − Capex | $17.4M | $-2.2M |
| FCF MarginFCF / Revenue | 12.3% | -1.4% |
| Capex IntensityCapex / Revenue | 0.6% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.34× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $-701.0K | ||
| Q3 25 | $3.9M | $-17.0M | ||
| Q2 25 | $-18.0M | $28.5M | ||
| Q1 25 | $41.6M | $-3.3M | ||
| Q4 24 | $6.0M | $19.0M | ||
| Q3 24 | $-16.0M | $16.2M | ||
| Q2 24 | $-15.1M | $18.8M | ||
| Q1 24 | $-15.5M | $1.4M |
| Q4 25 | $17.4M | $-2.2M | ||
| Q3 25 | $3.1M | $-18.7M | ||
| Q2 25 | $-18.9M | $26.9M | ||
| Q1 25 | $41.2M | $-5.5M | ||
| Q4 24 | $5.2M | $16.3M | ||
| Q3 24 | $-16.5M | $14.5M | ||
| Q2 24 | $-16.5M | $15.5M | ||
| Q1 24 | $-17.6M | $-580.0K |
| Q4 25 | 12.3% | -1.4% | ||
| Q3 25 | 2.4% | -10.6% | ||
| Q2 25 | -15.5% | 15.0% | ||
| Q1 25 | 29.1% | -3.5% | ||
| Q4 24 | 3.6% | 12.6% | ||
| Q3 24 | -13.1% | 10.8% | ||
| Q2 24 | -13.4% | 10.7% | ||
| Q1 24 | -17.2% | -0.5% |
| Q4 25 | 0.6% | 0.9% | ||
| Q3 25 | 0.6% | 1.0% | ||
| Q2 25 | 0.7% | 0.9% | ||
| Q1 25 | 0.3% | 1.4% | ||
| Q4 24 | 0.6% | 2.1% | ||
| Q3 24 | 0.4% | 1.3% | ||
| Q2 24 | 1.1% | 2.2% | ||
| Q1 24 | 2.1% | 1.5% |
| Q4 25 | 1.34× | -0.09× | ||
| Q3 25 | 0.29× | -1.17× | ||
| Q2 25 | -9.47× | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
