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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) 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 $121.4M, roughly 1.3× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 4.7%, a 33.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 11.7%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 7.1%).
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.
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.
BNL vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $159.9M |
| Net Profit | $46.4M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 52.2% | 6.0% |
| Net Margin | 38.2% | 4.7% |
| Revenue YoY | 11.7% | 23.3% |
| Net Profit YoY | — | 602.4% |
| EPS (diluted) | $0.24 | $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 | $121.4M | — | ||
| Q4 25 | $118.3M | $159.9M | ||
| Q3 25 | $114.2M | $177.4M | ||
| Q2 25 | $113.0M | $179.9M | ||
| Q1 25 | $108.7M | $160.7M | ||
| Q4 24 | $112.1M | $129.7M | ||
| Q3 24 | $108.4M | $134.3M | ||
| Q2 24 | $105.9M | $145.8M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $7.6M | ||
| Q3 25 | $26.5M | $14.6M | ||
| Q2 25 | $20.2M | $15.2M | ||
| Q1 25 | $16.7M | $10.2M | ||
| Q4 24 | $26.4M | $1.1M | ||
| Q3 24 | $35.6M | $4.7M | ||
| Q2 24 | $35.3M | $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 | 52.2% | — | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 6.0% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 4.7% | ||
| Q3 25 | 23.2% | 8.2% | ||
| Q2 25 | 17.8% | 8.4% | ||
| Q1 25 | 15.4% | 6.4% | ||
| Q4 24 | 23.5% | 0.8% | ||
| Q3 24 | 32.8% | 3.5% | ||
| Q2 24 | 33.4% | 4.5% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $0.39 | ||
| Q3 25 | $0.14 | $0.74 | ||
| Q2 25 | $0.10 | $0.78 | ||
| Q1 25 | $0.09 | $0.52 | ||
| Q4 24 | $0.13 | $0.06 | ||
| Q3 24 | $0.19 | $0.24 | ||
| Q2 24 | $0.19 | $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 | $20.3M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $358.8M |
| Total Assets | $5.8B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $15.6M | ||
| Q3 25 | $82.0M | $38.6M | ||
| Q2 25 | $20.8M | $53.7M | ||
| Q1 25 | $9.6M | $28.4M | ||
| Q4 24 | $14.8M | $36.0M | ||
| Q3 24 | $9.0M | $111.5M | ||
| Q2 24 | $18.3M | $97.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $358.8M | ||
| Q3 25 | $2.9B | $371.5M | ||
| Q2 25 | $2.9B | $356.2M | ||
| Q1 25 | $2.9B | $341.4M | ||
| Q4 24 | $3.0B | $331.6M | ||
| Q3 24 | $3.0B | $350.9M | ||
| Q2 24 | $3.1B | $346.0M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $456.1M | ||
| Q3 25 | $5.5B | $462.6M | ||
| Q2 25 | $5.3B | $471.9M | ||
| Q1 25 | $5.2B | $421.9M | ||
| Q4 24 | $5.2B | $404.7M | ||
| Q3 24 | $5.3B | $422.6M | ||
| Q2 24 | $5.3B | $414.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.62× | — |
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 | $299.5M | $-701.0K | ||
| Q3 25 | $64.2M | $-17.0M | ||
| Q2 25 | $79.3M | $28.5M | ||
| Q1 25 | $71.5M | $-3.3M | ||
| Q4 24 | $276.3M | $19.0M | ||
| Q3 24 | $67.3M | $16.2M | ||
| Q2 24 | $74.2M | $18.8M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $-2.2M | ||
| Q3 25 | $58.0M | $-18.7M | ||
| Q2 25 | $76.7M | $26.9M | ||
| Q1 25 | $57.1M | $-5.5M | ||
| Q4 24 | $259.5M | $16.3M | ||
| Q3 24 | $60.3M | $14.5M | ||
| Q2 24 | $74.0M | $15.5M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | -1.4% | ||
| Q3 25 | 50.8% | -10.6% | ||
| Q2 25 | 67.9% | 15.0% | ||
| Q1 25 | 52.5% | -3.5% | ||
| Q4 24 | 231.4% | 12.6% | ||
| Q3 24 | 55.6% | 10.8% | ||
| Q2 24 | 69.9% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 0.9% | ||
| Q3 25 | 5.4% | 1.0% | ||
| Q2 25 | 2.3% | 0.9% | ||
| Q1 25 | 13.2% | 1.4% | ||
| Q4 24 | 15.0% | 2.1% | ||
| Q3 24 | 6.5% | 1.3% | ||
| Q2 24 | 0.2% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | -0.09× | ||
| Q3 25 | 2.43× | -1.17× | ||
| Q2 25 | 3.93× | 1.88× | ||
| Q1 25 | 4.27× | -0.32× | ||
| Q4 24 | 10.47× | 17.56× | ||
| Q3 24 | 1.89× | 3.48× | ||
| Q2 24 | 2.10× | 2.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
