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Side-by-side financial comparison of Confluent, Inc. (CFLT) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $159.9M, roughly 2.0× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -25.2%, a 29.9% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 20.5%). Confluent, Inc. produced more free cash flow last quarter ($41.7M vs $-2.2M). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs 12.0%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
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.
CFLT vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $159.9M |
| Net Profit | $-79.2M | $7.6M |
| Gross Margin | 74.7% | 11.3% |
| Operating Margin | -31.5% | 6.0% |
| Net Margin | -25.2% | 4.7% |
| Revenue YoY | 20.5% | 23.3% |
| Net Profit YoY | 10.0% | 602.4% |
| EPS (diluted) | $-0.23 | $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 | $314.8M | $159.9M | ||
| Q3 25 | $298.5M | $177.4M | ||
| Q2 25 | $282.3M | $179.9M | ||
| Q1 25 | $271.1M | $160.7M | ||
| Q4 24 | $261.2M | $129.7M | ||
| Q3 24 | $250.2M | $134.3M | ||
| Q2 24 | $235.0M | $145.8M | ||
| Q1 24 | $217.2M | $127.4M |
| Q4 25 | $-79.2M | $7.6M | ||
| Q3 25 | $-66.5M | $14.6M | ||
| Q2 25 | $-82.0M | $15.2M | ||
| Q1 25 | $-67.6M | $10.2M | ||
| Q4 24 | $-88.1M | $1.1M | ||
| Q3 24 | $-74.1M | $4.7M | ||
| Q2 24 | $-89.9M | $6.6M | ||
| Q1 24 | $-93.0M | $6.9M |
| Q4 25 | 74.7% | 11.3% | ||
| Q3 25 | 74.2% | 16.1% | ||
| Q2 25 | 73.7% | 17.1% | ||
| Q1 25 | 74.5% | 15.3% | ||
| Q4 24 | 74.1% | 7.3% | ||
| Q3 24 | 74.5% | 9.1% | ||
| Q2 24 | 72.3% | 10.6% | ||
| Q1 24 | 71.8% | 12.3% |
| Q4 25 | -31.5% | 6.0% | ||
| Q3 25 | -27.9% | 10.8% | ||
| Q2 25 | -34.2% | 11.0% | ||
| Q1 25 | -37.3% | 8.3% | ||
| Q4 24 | -40.5% | 1.1% | ||
| Q3 24 | -37.4% | 4.5% | ||
| Q2 24 | -46.1% | 6.0% | ||
| Q1 24 | -51.3% | 7.0% |
| Q4 25 | -25.2% | 4.7% | ||
| Q3 25 | -22.3% | 8.2% | ||
| Q2 25 | -29.0% | 8.4% | ||
| Q1 25 | -24.9% | 6.4% | ||
| Q4 24 | -33.7% | 0.8% | ||
| Q3 24 | -29.6% | 3.5% | ||
| Q2 24 | -38.3% | 4.5% | ||
| Q1 24 | -42.8% | 5.4% |
| Q4 25 | $-0.23 | $0.39 | ||
| Q3 25 | $-0.19 | $0.74 | ||
| Q2 25 | $-0.24 | $0.78 | ||
| Q1 25 | $-0.20 | $0.52 | ||
| Q4 24 | $-0.26 | $0.06 | ||
| Q3 24 | $-0.23 | $0.24 | ||
| Q2 24 | $-0.28 | $0.34 | ||
| Q1 24 | $-0.30 | $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 | $347.2M | $15.6M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.2B | $358.8M |
| Total Assets | $3.0B | $456.1M |
| Debt / EquityLower = less leverage | 0.94× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $15.6M | ||
| Q3 25 | $298.5M | $38.6M | ||
| Q2 25 | $295.6M | $53.7M | ||
| Q1 25 | $278.6M | $28.4M | ||
| Q4 24 | $386.0M | $36.0M | ||
| Q3 24 | $322.6M | $111.5M | ||
| Q2 24 | $311.3M | $97.7M | ||
| Q1 24 | $336.4M | $83.9M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.2B | $358.8M | ||
| Q3 25 | $1.1B | $371.5M | ||
| Q2 25 | $1.1B | $356.2M | ||
| Q1 25 | $1.0B | $341.4M | ||
| Q4 24 | $961.2M | $331.6M | ||
| Q3 24 | $934.3M | $350.9M | ||
| Q2 24 | $873.9M | $346.0M | ||
| Q1 24 | $845.2M | $340.6M |
| Q4 25 | $3.0B | $456.1M | ||
| Q3 25 | $2.9B | $462.6M | ||
| Q2 25 | $2.8B | $471.9M | ||
| Q1 25 | $2.7B | $421.9M | ||
| Q4 24 | $2.7B | $404.7M | ||
| Q3 24 | $2.6B | $422.6M | ||
| Q2 24 | $2.5B | $414.6M | ||
| Q1 24 | $2.4B | $397.2M |
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.29× | — |
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 | $42.1M | $-701.0K |
| Free Cash FlowOCF − Capex | $41.7M | $-2.2M |
| FCF MarginFCF / Revenue | 13.2% | -1.4% |
| Capex IntensityCapex / Revenue | 0.1% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $-701.0K | ||
| Q3 25 | $30.8M | $-17.0M | ||
| Q2 25 | $18.1M | $28.5M | ||
| Q1 25 | $-26.8M | $-3.3M | ||
| Q4 24 | $35.2M | $19.0M | ||
| Q3 24 | $15.6M | $16.2M | ||
| Q2 24 | $8.6M | $18.8M | ||
| Q1 24 | $-26.0M | $1.4M |
| Q4 25 | $41.7M | $-2.2M | ||
| Q3 25 | $30.0M | $-18.7M | ||
| Q2 25 | $17.2M | $26.9M | ||
| Q1 25 | $-28.2M | $-5.5M | ||
| Q4 24 | $34.5M | $16.3M | ||
| Q3 24 | $15.0M | $14.5M | ||
| Q2 24 | $7.5M | $15.5M | ||
| Q1 24 | $-26.1M | $-580.0K |
| Q4 25 | 13.2% | -1.4% | ||
| Q3 25 | 10.0% | -10.6% | ||
| Q2 25 | 6.1% | 15.0% | ||
| Q1 25 | -10.4% | -3.5% | ||
| Q4 24 | 13.2% | 12.6% | ||
| Q3 24 | 6.0% | 10.8% | ||
| Q2 24 | 3.2% | 10.7% | ||
| Q1 24 | -12.0% | -0.5% |
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | 0.3% | 2.1% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 0.5% | 2.2% | ||
| Q1 24 | 0.1% | 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 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
