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Side-by-side financial comparison of Black Stone Minerals, L.P. (BSM) 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 $95.2M, roughly 1.7× Black Stone Minerals, L.P.). Black Stone Minerals, L.P. runs the higher net margin — 75.9% vs 4.7%, a 71.1% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -8.7%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -9.7%).
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
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.
BSM vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $95.2M | $159.9M |
| Net Profit | $72.2M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 78.6% | 6.0% |
| Net Margin | 75.9% | 4.7% |
| Revenue YoY | -8.7% | 23.3% |
| Net Profit YoY | 55.8% | 602.4% |
| EPS (diluted) | — | $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 | $95.2M | $159.9M | ||
| Q3 25 | $105.2M | $177.4M | ||
| Q2 25 | $106.7M | $179.9M | ||
| Q1 25 | $115.3M | $160.7M | ||
| Q4 24 | $104.3M | $129.7M | ||
| Q3 24 | $103.2M | $134.3M | ||
| Q2 24 | $115.2M | $145.8M | ||
| Q1 24 | $116.8M | $127.4M |
| Q4 25 | $72.2M | $7.6M | ||
| Q3 25 | $91.7M | $14.6M | ||
| Q2 25 | $120.0M | $15.2M | ||
| Q1 25 | $15.9M | $10.2M | ||
| Q4 24 | $46.3M | $1.1M | ||
| Q3 24 | $92.7M | $4.7M | ||
| Q2 24 | $68.3M | $6.6M | ||
| Q1 24 | $63.9M | $6.9M |
| 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 24 | — | 12.3% |
| Q4 25 | 78.6% | 6.0% | ||
| Q3 25 | 89.5% | 10.8% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | 14.9% | 8.3% | ||
| Q4 24 | 45.6% | 1.1% | ||
| Q3 24 | 90.2% | 4.5% | ||
| Q2 24 | 59.5% | 6.0% | ||
| Q1 24 | 54.8% | 7.0% |
| Q4 25 | 75.9% | 4.7% | ||
| Q3 25 | 87.2% | 8.2% | ||
| Q2 25 | 112.5% | 8.4% | ||
| Q1 25 | 13.8% | 6.4% | ||
| Q4 24 | 44.4% | 0.8% | ||
| Q3 24 | 89.9% | 3.5% | ||
| Q2 24 | 59.3% | 4.5% | ||
| Q1 24 | 54.7% | 5.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.74 | ||
| Q2 25 | — | $0.78 | ||
| Q1 25 | — | $0.52 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $0.24 | ||
| Q2 24 | — | $0.34 | ||
| Q1 24 | — | $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 | $1.5M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $358.8M |
| Total Assets | $1.3B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $15.6M | ||
| Q3 25 | $2.9M | $38.6M | ||
| Q2 25 | $2.5M | $53.7M | ||
| Q1 25 | $2.4M | $28.4M | ||
| Q4 24 | $2.5M | $36.0M | ||
| Q3 24 | $21.0M | $111.5M | ||
| Q2 24 | $26.7M | $97.7M | ||
| Q1 24 | $40.5M | $83.9M |
| Q4 25 | — | $358.8M | ||
| Q3 25 | — | $371.5M | ||
| Q2 25 | — | $356.2M | ||
| Q1 25 | — | $341.4M | ||
| Q4 24 | — | $331.6M | ||
| Q3 24 | — | $350.9M | ||
| Q2 24 | — | $346.0M | ||
| Q1 24 | — | $340.6M |
| Q4 25 | $1.3B | $456.1M | ||
| Q3 25 | $1.3B | $462.6M | ||
| Q2 25 | $1.3B | $471.9M | ||
| Q1 25 | $1.2B | $421.9M | ||
| Q4 24 | $1.2B | $404.7M | ||
| Q3 24 | $1.2B | $422.6M | ||
| Q2 24 | $1.2B | $414.6M | ||
| Q1 24 | $1.2B | $397.2M |
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 | $65.1M | $-701.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -1.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 0.90× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $65.1M | $-701.0K | ||
| Q3 25 | $99.8M | $-17.0M | ||
| Q2 25 | $80.5M | $28.5M | ||
| Q1 25 | $64.8M | $-3.3M | ||
| Q4 24 | $91.0M | $19.0M | ||
| Q3 24 | $93.2M | $16.2M | ||
| Q2 24 | $100.4M | $18.8M | ||
| Q1 24 | $104.5M | $1.4M |
| 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 24 | — | $-580.0K |
| 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 24 | — | -0.5% |
| 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 24 | — | 1.5% |
| Q4 25 | 0.90× | -0.09× | ||
| Q3 25 | 1.09× | -1.17× | ||
| Q2 25 | 0.67× | 1.88× | ||
| Q1 25 | 4.07× | -0.32× | ||
| Q4 24 | 1.96× | 17.56× | ||
| Q3 24 | 1.01× | 3.48× | ||
| Q2 24 | 1.47× | 2.86× | ||
| Q1 24 | 1.63× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BSM
| Oil Reserves | $46.4M | 49% |
| Natural Gas Reserves | $44.1M | 46% |
| Real Estate | $4.7M | 5% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
