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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) 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 $127.0M, roughly 1.3× BRANDYWINE REALTY TRUST). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -38.4%, a 43.2% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 4.5%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
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.
BDN vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $159.9M |
| Net Profit | $-48.8M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 1.2% | 6.0% |
| Net Margin | -38.4% | 4.7% |
| Revenue YoY | 4.5% | 23.3% |
| Net Profit YoY | -80.4% | 602.4% |
| EPS (diluted) | $-0.28 | $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 | $127.0M | — | ||
| Q4 25 | $121.0M | $159.9M | ||
| Q3 25 | $121.4M | $177.4M | ||
| Q2 25 | $120.6M | $179.9M | ||
| Q1 25 | $121.5M | $160.7M | ||
| Q4 24 | $121.9M | $129.7M | ||
| Q3 24 | $131.8M | $134.3M | ||
| Q2 24 | $125.3M | $145.8M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $7.6M | ||
| Q3 25 | $-25.9M | $14.6M | ||
| Q2 25 | $-88.7M | $15.2M | ||
| Q1 25 | $-27.0M | $10.2M | ||
| Q4 24 | $-44.5M | $1.1M | ||
| Q3 24 | $-165.2M | $4.7M | ||
| Q2 24 | $30.2M | $6.6M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 11.3% | ||
| Q3 25 | 62.6% | 16.1% | ||
| Q2 25 | 62.4% | 17.1% | ||
| Q1 25 | 60.8% | 15.3% | ||
| Q4 24 | 61.2% | 7.3% | ||
| Q3 24 | 64.9% | 9.1% | ||
| Q2 24 | 63.1% | 10.6% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | 6.0% | ||
| Q3 25 | 20.8% | 10.8% | ||
| Q2 25 | -34.3% | 11.0% | ||
| Q1 25 | 12.5% | 8.3% | ||
| Q4 24 | 18.0% | 1.1% | ||
| Q3 24 | -7.2% | 4.5% | ||
| Q2 24 | 15.5% | 6.0% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | 4.7% | ||
| Q3 25 | -21.3% | 8.2% | ||
| Q2 25 | -73.5% | 8.4% | ||
| Q1 25 | -22.2% | 6.4% | ||
| Q4 24 | -36.5% | 0.8% | ||
| Q3 24 | -125.4% | 3.5% | ||
| Q2 24 | 24.1% | 4.5% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $0.39 | ||
| Q3 25 | $-0.15 | $0.74 | ||
| Q2 25 | $-0.51 | $0.78 | ||
| Q1 25 | $-0.16 | $0.52 | ||
| Q4 24 | $-0.25 | $0.06 | ||
| Q3 24 | $-0.96 | $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 | $36.2M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $358.8M |
| Total Assets | $3.6B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $15.6M | ||
| Q3 25 | $75.5M | $38.6M | ||
| Q2 25 | $122.6M | $53.7M | ||
| Q1 25 | $29.4M | $28.4M | ||
| Q4 24 | $90.2M | $36.0M | ||
| Q3 24 | $36.5M | $111.5M | ||
| Q2 24 | $30.4M | $97.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $358.8M | ||
| Q3 25 | $841.5M | $371.5M | ||
| Q2 25 | $879.8M | $356.2M | ||
| Q1 25 | $993.6M | $341.4M | ||
| Q4 24 | $1.0B | $331.6M | ||
| Q3 24 | $1.1B | $350.9M | ||
| Q2 24 | $1.3B | $346.0M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $456.1M | ||
| Q3 25 | $3.3B | $462.6M | ||
| Q2 25 | $3.4B | $471.9M | ||
| Q1 25 | $3.4B | $421.9M | ||
| Q4 24 | $3.5B | $404.7M | ||
| Q3 24 | $3.6B | $422.6M | ||
| Q2 24 | $3.8B | $414.6M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
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 | $116.7M | $-701.0K | ||
| Q3 25 | $47.5M | $-17.0M | ||
| Q2 25 | $34.4M | $28.5M | ||
| Q1 25 | $6.3M | $-3.3M | ||
| Q4 24 | $181.1M | $19.0M | ||
| Q3 24 | $52.2M | $16.2M | ||
| Q2 24 | $48.2M | $18.8M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| 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 | — | 3.48× | ||
| Q2 24 | 1.60× | 2.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
