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Side-by-side financial comparison of BRC Inc. (BRCC) 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 $112.7M, roughly 1.4× BRC Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -2.8%, a 7.6% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 6.5%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-9.4M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 7.0%).
BRC Inc., operating under the Black Rifle Coffee brand, is a U.S.-headquartered premium coffee and lifestyle brand. It sells roasted coffee beans, ready-to-drink coffee products, branded apparel, and outdoor gear, targeting primarily veteran, first responder, and outdoor enthusiast consumer segments across North America, via both e-commerce and physical retail channels.
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.
BRCC vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $159.9M |
| Net Profit | $-3.2M | $7.6M |
| Gross Margin | 32.1% | 11.3% |
| Operating Margin | -6.3% | 6.0% |
| Net Margin | -2.8% | 4.7% |
| Revenue YoY | 6.5% | 23.3% |
| Net Profit YoY | -29.3% | 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 | $112.7M | $159.9M | ||
| Q3 25 | $100.7M | $177.4M | ||
| Q2 25 | $94.8M | $179.9M | ||
| Q1 25 | $90.0M | $160.7M | ||
| Q4 24 | $105.9M | $129.7M | ||
| Q3 24 | $98.2M | $134.3M | ||
| Q2 24 | $89.0M | $145.8M | ||
| Q1 24 | $98.4M | $127.4M |
| Q4 25 | $-3.2M | $7.6M | ||
| Q3 25 | $-486.0K | $14.6M | ||
| Q2 25 | $-5.3M | $15.2M | ||
| Q1 25 | $-2.9M | $10.2M | ||
| Q4 24 | $-2.5M | $1.1M | ||
| Q3 24 | $-535.0K | $4.7M | ||
| Q2 24 | $-482.0K | $6.6M | ||
| Q1 24 | $548.0K | $6.9M |
| Q4 25 | 32.1% | 11.3% | ||
| Q3 25 | 36.9% | 16.1% | ||
| Q2 25 | 33.9% | 17.1% | ||
| Q1 25 | 36.1% | 15.3% | ||
| Q4 24 | 38.1% | 7.3% | ||
| Q3 24 | 42.1% | 9.1% | ||
| Q2 24 | 41.9% | 10.6% | ||
| Q1 24 | 42.9% | 12.3% |
| Q4 25 | -6.3% | 6.0% | ||
| Q3 25 | 0.5% | 10.8% | ||
| Q2 25 | -13.3% | 11.0% | ||
| Q1 25 | -6.0% | 8.3% | ||
| Q4 24 | -2.1% | 1.1% | ||
| Q3 24 | 1.1% | 4.5% | ||
| Q2 24 | 1.1% | 6.0% | ||
| Q1 24 | 4.0% | 7.0% |
| Q4 25 | -2.8% | 4.7% | ||
| Q3 25 | -0.5% | 8.2% | ||
| Q2 25 | -5.6% | 8.4% | ||
| Q1 25 | -3.2% | 6.4% | ||
| Q4 24 | -2.3% | 0.8% | ||
| Q3 24 | -0.5% | 3.5% | ||
| Q2 24 | -0.5% | 4.5% | ||
| Q1 24 | 0.6% | 5.4% |
| Q4 25 | $-0.02 | $0.39 | ||
| Q3 25 | $0.00 | $0.74 | ||
| Q2 25 | $-0.07 | $0.78 | ||
| Q1 25 | $-0.04 | $0.52 | ||
| Q4 24 | $-0.03 | $0.06 | ||
| Q3 24 | $-0.01 | $0.24 | ||
| Q2 24 | $-0.01 | $0.34 | ||
| Q1 24 | $0.01 | $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 | $4.3M | $15.6M |
| Total DebtLower is stronger | $34.7M | — |
| Stockholders' EquityBook value | $45.7M | $358.8M |
| Total Assets | $209.2M | $456.1M |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $15.6M | ||
| Q3 25 | $9.5M | $38.6M | ||
| Q2 25 | $4.3M | $53.7M | ||
| Q1 25 | $3.9M | $28.4M | ||
| Q4 24 | $6.8M | $36.0M | ||
| Q3 24 | $7.3M | $111.5M | ||
| Q2 24 | $9.6M | $97.7M | ||
| Q1 24 | $4.0M | $83.9M |
| Q4 25 | $34.7M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $72.7M | — | ||
| Q1 25 | $68.8M | — | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — | ||
| Q1 24 | $61.5M | — |
| Q4 25 | $45.7M | $358.8M | ||
| Q3 25 | $48.0M | $371.5M | ||
| Q2 25 | $10.1M | $356.2M | ||
| Q1 25 | $11.2M | $341.4M | ||
| Q4 24 | $13.2M | $331.6M | ||
| Q3 24 | $14.5M | $350.9M | ||
| Q2 24 | $14.9M | $346.0M | ||
| Q1 24 | $14.6M | $340.6M |
| Q4 25 | $209.2M | $456.1M | ||
| Q3 25 | $222.4M | $462.6M | ||
| Q2 25 | $225.3M | $471.9M | ||
| Q1 25 | $222.9M | $421.9M | ||
| Q4 24 | $227.4M | $404.7M | ||
| Q3 24 | $233.7M | $422.6M | ||
| Q2 24 | $229.9M | $414.6M | ||
| Q1 24 | $227.2M | $397.2M |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 7.19× | — | ||
| Q1 25 | 6.15× | — | ||
| Q4 24 | 4.94× | — | ||
| Q3 24 | 4.47× | — | ||
| Q2 24 | 4.46× | — | ||
| Q1 24 | 4.21× | — |
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 | $-8.7M | $-701.0K |
| Free Cash FlowOCF − Capex | $-9.4M | $-2.2M |
| FCF MarginFCF / Revenue | -8.3% | -1.4% |
| Capex IntensityCapex / Revenue | 0.6% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.7M | $-701.0K | ||
| Q3 25 | $6.4M | $-17.0M | ||
| Q2 25 | $-3.3M | $28.5M | ||
| Q1 25 | $-4.1M | $-3.3M | ||
| Q4 24 | $2.2M | $19.0M | ||
| Q3 24 | $1.9M | $16.2M | ||
| Q2 24 | $2.3M | $18.8M | ||
| Q1 24 | $4.9M | $1.4M |
| Q4 25 | $-9.4M | $-2.2M | ||
| Q3 25 | $5.6M | $-18.7M | ||
| Q2 25 | $-4.3M | $26.9M | ||
| Q1 25 | $-5.3M | $-5.5M | ||
| Q4 24 | $504.0K | $16.3M | ||
| Q3 24 | $-205.0K | $14.5M | ||
| Q2 24 | $147.0K | $15.5M | ||
| Q1 24 | $2.2M | $-580.0K |
| Q4 25 | -8.3% | -1.4% | ||
| Q3 25 | 5.5% | -10.6% | ||
| Q2 25 | -4.5% | 15.0% | ||
| Q1 25 | -5.9% | -3.5% | ||
| Q4 24 | 0.5% | 12.6% | ||
| Q3 24 | -0.2% | 10.8% | ||
| Q2 24 | 0.2% | 10.7% | ||
| Q1 24 | 2.2% | -0.5% |
| Q4 25 | 0.6% | 0.9% | ||
| Q3 25 | 0.8% | 1.0% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 1.3% | 1.4% | ||
| Q4 24 | 1.6% | 2.1% | ||
| Q3 24 | 2.2% | 1.3% | ||
| Q2 24 | 2.4% | 2.2% | ||
| Q1 24 | 2.8% | 1.5% |
| 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 | — | 2.86× | ||
| Q1 24 | 8.97× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
