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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.2× Emerald Holding, Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -22.8%, a 27.5% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 23.3%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $159.9M |
| Net Profit | $-30.2M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | -11.8% | 6.0% |
| Net Margin | -22.8% | 4.7% |
| Revenue YoY | 24.3% | 23.3% |
| Net Profit YoY | -692.2% | 602.4% |
| EPS (diluted) | $-0.15 | $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 | $132.7M | $159.9M | ||
| Q3 25 | $77.5M | $177.4M | ||
| Q2 25 | $105.5M | $179.9M | ||
| Q1 25 | $147.7M | $160.7M | ||
| Q4 24 | $106.8M | $129.7M | ||
| Q3 24 | $72.6M | $134.3M | ||
| Q2 24 | $86.0M | $145.8M | ||
| Q1 24 | $133.4M | $127.4M |
| Q4 25 | $-30.2M | $7.6M | ||
| Q3 25 | $-14.4M | $14.6M | ||
| Q2 25 | $-1.4M | $15.2M | ||
| Q1 25 | $15.3M | $10.2M | ||
| Q4 24 | $5.1M | $1.1M | ||
| Q3 24 | $-11.1M | $4.7M | ||
| Q2 24 | $-2.8M | $6.6M | ||
| Q1 24 | $11.0M | $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 | -11.8% | 6.0% | ||
| Q3 25 | -10.1% | 10.8% | ||
| Q2 25 | 9.7% | 11.0% | ||
| Q1 25 | 24.2% | 8.3% | ||
| Q4 24 | 19.5% | 1.1% | ||
| Q3 24 | -6.5% | 4.5% | ||
| Q2 24 | 7.4% | 6.0% | ||
| Q1 24 | 18.2% | 7.0% |
| Q4 25 | -22.8% | 4.7% | ||
| Q3 25 | -18.6% | 8.2% | ||
| Q2 25 | -1.3% | 8.4% | ||
| Q1 25 | 10.4% | 6.4% | ||
| Q4 24 | 4.8% | 0.8% | ||
| Q3 24 | -15.3% | 3.5% | ||
| Q2 24 | -3.3% | 4.5% | ||
| Q1 24 | 8.2% | 5.4% |
| Q4 25 | $-0.15 | $0.39 | ||
| Q3 25 | $-0.07 | $0.74 | ||
| Q2 25 | $-0.01 | $0.78 | ||
| Q1 25 | $0.08 | $0.52 | ||
| Q4 24 | $0.01 | $0.06 | ||
| Q3 24 | $-0.05 | $0.24 | ||
| Q2 24 | $-0.03 | $0.34 | ||
| Q1 24 | $0.00 | $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 | $100.9M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $358.8M |
| Total Assets | $1.2B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $15.6M | ||
| Q3 25 | $95.4M | $38.6M | ||
| Q2 25 | $156.4M | $53.7M | ||
| Q1 25 | $276.8M | $28.4M | ||
| Q4 24 | $194.8M | $36.0M | ||
| Q3 24 | $188.9M | $111.5M | ||
| Q2 24 | $193.2M | $97.7M | ||
| Q1 24 | $186.8M | $83.9M |
| Q4 25 | $338.8M | $358.8M | ||
| Q3 25 | $369.5M | $371.5M | ||
| Q2 25 | $389.4M | $356.2M | ||
| Q1 25 | $392.1M | $341.4M | ||
| Q4 24 | $385.9M | $331.6M | ||
| Q3 24 | $391.1M | $350.9M | ||
| Q2 24 | $407.6M | $346.0M | ||
| Q1 24 | $-90.7M | $340.6M |
| Q4 25 | $1.2B | $456.1M | ||
| Q3 25 | $1.2B | $462.6M | ||
| Q2 25 | $1.2B | $471.9M | ||
| Q1 25 | $1.2B | $421.9M | ||
| Q4 24 | $1.0B | $404.7M | ||
| Q3 24 | $1.1B | $422.6M | ||
| Q2 24 | $1.1B | $414.6M | ||
| Q1 24 | $1.1B | $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 | $12.3M | $-701.0K |
| Free Cash FlowOCF − Capex | $11.7M | $-2.2M |
| FCF MarginFCF / Revenue | 8.8% | -1.4% |
| Capex IntensityCapex / Revenue | 0.5% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $-701.0K | ||
| Q3 25 | $1.8M | $-17.0M | ||
| Q2 25 | $15.9M | $28.5M | ||
| Q1 25 | $12.6M | $-3.3M | ||
| Q4 24 | $20.6M | $19.0M | ||
| Q3 24 | $9.1M | $16.2M | ||
| Q2 24 | $9.8M | $18.8M | ||
| Q1 24 | $7.3M | $1.4M |
| Q4 25 | $11.7M | $-2.2M | ||
| Q3 25 | $1.5M | $-18.7M | ||
| Q2 25 | $15.8M | $26.9M | ||
| Q1 25 | $12.4M | $-5.5M | ||
| Q4 24 | $19.9M | $16.3M | ||
| Q3 24 | $9.0M | $14.5M | ||
| Q2 24 | $9.6M | $15.5M | ||
| Q1 24 | $7.0M | $-580.0K |
| Q4 25 | 8.8% | -1.4% | ||
| Q3 25 | 1.9% | -10.6% | ||
| Q2 25 | 15.0% | 15.0% | ||
| Q1 25 | 8.4% | -3.5% | ||
| Q4 24 | 18.6% | 12.6% | ||
| Q3 24 | 12.4% | 10.8% | ||
| Q2 24 | 11.2% | 10.7% | ||
| Q1 24 | 5.2% | -0.5% |
| Q4 25 | 0.5% | 0.9% | ||
| Q3 25 | 0.4% | 1.0% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | 0.1% | 1.4% | ||
| Q4 24 | 0.7% | 2.1% | ||
| Q3 24 | 0.1% | 1.3% | ||
| Q2 24 | 0.2% | 2.2% | ||
| Q1 24 | 0.2% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | 0.82× | -0.32× | ||
| Q4 24 | 4.04× | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | 0.66× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
