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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
DONEGAL GROUP INC is the larger business by last-quarter revenue ($236.0M vs $159.9M, roughly 1.5× INSTEEL INDUSTRIES INC). DONEGAL GROUP INC runs the higher net margin — 4.9% vs 4.7%, a 0.1% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -3.7%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -2.2%).
Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.
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.
DGICA vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $236.0M | $159.9M |
| Net Profit | $11.5M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | — | 6.0% |
| Net Margin | 4.9% | 4.7% |
| Revenue YoY | -3.7% | 23.3% |
| Net Profit YoY | -54.3% | 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.
| Q1 26 | $236.0M | — | ||
| Q4 25 | $239.8M | $159.9M | ||
| Q3 25 | $245.9M | $177.4M | ||
| Q2 25 | $247.1M | $179.9M | ||
| Q1 25 | $245.2M | $160.7M | ||
| Q4 24 | $250.0M | $129.7M | ||
| Q3 24 | $251.7M | $134.3M | ||
| Q2 24 | $246.8M | $145.8M |
| Q1 26 | $11.5M | — | ||
| Q4 25 | $17.2M | $7.6M | ||
| Q3 25 | $20.1M | $14.6M | ||
| Q2 25 | $16.9M | $15.2M | ||
| Q1 25 | $25.2M | $10.2M | ||
| Q4 24 | $24.0M | $1.1M | ||
| Q3 24 | $16.8M | $4.7M | ||
| Q2 24 | $4.2M | $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 | — | — | ||
| Q4 25 | 8.7% | 6.0% | ||
| Q3 25 | 10.2% | 10.8% | ||
| Q2 25 | 8.3% | 11.0% | ||
| Q1 25 | 12.7% | 8.3% | ||
| Q4 24 | 11.9% | 1.1% | ||
| Q3 24 | 8.1% | 4.5% | ||
| Q2 24 | 2.0% | 6.0% |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 7.2% | 4.7% | ||
| Q3 25 | 8.2% | 8.2% | ||
| Q2 25 | 6.8% | 8.4% | ||
| Q1 25 | 10.3% | 6.4% | ||
| Q4 24 | 9.6% | 0.8% | ||
| Q3 24 | 6.7% | 3.5% | ||
| Q2 24 | 1.7% | 4.5% |
| Q1 26 | — | — | ||
| 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 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $649.1M | $358.8M |
| Total Assets | $2.4B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $38.6M | ||
| Q2 25 | — | $53.7M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | — | $36.0M | ||
| Q3 24 | — | $111.5M | ||
| Q2 24 | — | $97.7M |
| Q1 26 | $649.1M | — | ||
| Q4 25 | $640.4M | $358.8M | ||
| Q3 25 | $627.4M | $371.5M | ||
| Q2 25 | $605.7M | $356.2M | ||
| Q1 25 | $584.7M | $341.4M | ||
| Q4 24 | $545.8M | $331.6M | ||
| Q3 24 | $513.4M | $350.9M | ||
| Q2 24 | $484.1M | $346.0M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $456.1M | ||
| Q3 25 | $2.4B | $462.6M | ||
| Q2 25 | $2.4B | $471.9M | ||
| Q1 25 | $2.4B | $421.9M | ||
| Q4 24 | $2.3B | $404.7M | ||
| Q3 24 | $2.3B | $422.6M | ||
| Q2 24 | $2.3B | $414.6M |
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 | $70.2M | $-701.0K | ||
| Q3 25 | $22.4M | $-17.0M | ||
| Q2 25 | $12.1M | $28.5M | ||
| Q1 25 | $25.7M | $-3.3M | ||
| Q4 24 | $67.4M | $19.0M | ||
| Q3 24 | $12.7M | $16.2M | ||
| Q2 24 | $21.7M | $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 | 4.08× | -0.09× | ||
| Q3 25 | 1.11× | -1.17× | ||
| Q2 25 | 0.72× | 1.88× | ||
| Q1 25 | 1.02× | -0.32× | ||
| Q4 24 | 2.81× | 17.56× | ||
| Q3 24 | 0.76× | 3.48× | ||
| Q2 24 | 5.22× | 2.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DGICA
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
