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Side-by-side financial comparison of ESCO TECHNOLOGIES INC (ESE) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $159.9M, roughly 1.8× INSTEEL INDUSTRIES INC). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs 4.7%, a 5.2% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 17.3%). ESCO TECHNOLOGIES INC produced more free cash flow last quarter ($63.0M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 7.8%).
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
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.
ESE vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $289.7M | $159.9M |
| Net Profit | $28.7M | $7.6M |
| Gross Margin | 41.4% | 11.3% |
| Operating Margin | 13.2% | 6.0% |
| Net Margin | 9.9% | 4.7% |
| Revenue YoY | 17.3% | 23.3% |
| Net Profit YoY | 22.2% | 602.4% |
| EPS (diluted) | $1.11 | $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 | $289.7M | $159.9M | ||
| Q3 25 | $286.5M | $177.4M | ||
| Q2 25 | $296.3M | $179.9M | ||
| Q1 25 | $265.5M | $160.7M | ||
| Q4 24 | $247.0M | $129.7M | ||
| Q3 24 | $298.5M | $134.3M | ||
| Q2 24 | $260.8M | $145.8M | ||
| Q1 24 | $249.1M | $127.4M |
| Q4 25 | $28.7M | $7.6M | ||
| Q3 25 | $218.7M | $14.6M | ||
| Q2 25 | $26.1M | $15.2M | ||
| Q1 25 | $31.0M | $10.2M | ||
| Q4 24 | $23.5M | $1.1M | ||
| Q3 24 | $34.3M | $4.7M | ||
| Q2 24 | $29.2M | $6.6M | ||
| Q1 24 | $23.2M | $6.9M |
| Q4 25 | 41.4% | 11.3% | ||
| Q3 25 | 45.9% | 16.1% | ||
| Q2 25 | 41.2% | 17.1% | ||
| Q1 25 | 41.1% | 15.3% | ||
| Q4 24 | 39.8% | 7.3% | ||
| Q3 24 | 40.1% | 9.1% | ||
| Q2 24 | 39.6% | 10.6% | ||
| Q1 24 | 38.8% | 12.3% |
| Q4 25 | 13.2% | 6.0% | ||
| Q3 25 | 17.2% | 10.8% | ||
| Q2 25 | 11.2% | 11.0% | ||
| Q1 25 | 15.3% | 8.3% | ||
| Q4 24 | 11.4% | 1.1% | ||
| Q3 24 | 14.8% | 4.5% | ||
| Q2 24 | 14.3% | 6.0% | ||
| Q1 24 | 11.7% | 7.0% |
| Q4 25 | 9.9% | 4.7% | ||
| Q3 25 | 76.3% | 8.2% | ||
| Q2 25 | 8.8% | 8.4% | ||
| Q1 25 | 11.7% | 6.4% | ||
| Q4 24 | 9.5% | 0.8% | ||
| Q3 24 | 11.5% | 3.5% | ||
| Q2 24 | 11.2% | 4.5% | ||
| Q1 24 | 9.3% | 5.4% |
| Q4 25 | $1.11 | $0.39 | ||
| Q3 25 | $8.43 | $0.74 | ||
| Q2 25 | $1.01 | $0.78 | ||
| Q1 25 | $1.20 | $0.52 | ||
| Q4 24 | $0.91 | $0.06 | ||
| Q3 24 | $1.32 | $0.24 | ||
| Q2 24 | $1.13 | $0.34 | ||
| Q1 24 | $0.90 | $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 | $103.8M | $15.6M |
| Total DebtLower is stronger | $145.5M | — |
| Stockholders' EquityBook value | $1.6B | $358.8M |
| Total Assets | $2.4B | $456.1M |
| Debt / EquityLower = less leverage | 0.09× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.8M | $15.6M | ||
| Q3 25 | $101.3M | $38.6M | ||
| Q2 25 | $78.7M | $53.7M | ||
| Q1 25 | $57.4M | $28.4M | ||
| Q4 24 | $71.3M | $36.0M | ||
| Q3 24 | $66.0M | $111.5M | ||
| Q2 24 | $63.0M | $97.7M | ||
| Q1 24 | $59.4M | $83.9M |
| Q4 25 | $145.5M | — | ||
| Q3 25 | $186.0M | — | ||
| Q2 25 | $525.0M | — | ||
| Q1 25 | $88.0M | — | ||
| Q4 24 | $112.0M | — | ||
| Q3 24 | $122.0M | — | ||
| Q2 24 | $173.0M | — | ||
| Q1 24 | $191.0M | — |
| Q4 25 | $1.6B | $358.8M | ||
| Q3 25 | $1.5B | $371.5M | ||
| Q2 25 | $1.3B | $356.2M | ||
| Q1 25 | $1.3B | $341.4M | ||
| Q4 24 | $1.2B | $331.6M | ||
| Q3 24 | $1.2B | $350.9M | ||
| Q2 24 | $1.2B | $346.0M | ||
| Q1 24 | $1.2B | $340.6M |
| Q4 25 | $2.4B | $456.1M | ||
| Q3 25 | $2.4B | $462.6M | ||
| Q2 25 | $2.5B | $471.9M | ||
| Q1 25 | $1.8B | $421.9M | ||
| Q4 24 | $1.8B | $404.7M | ||
| Q3 24 | $1.8B | $422.6M | ||
| Q2 24 | $1.8B | $414.6M | ||
| Q1 24 | $1.8B | $397.2M |
| Q4 25 | 0.09× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.09× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.16× | — |
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 | $68.9M | $-701.0K |
| Free Cash FlowOCF − Capex | $63.0M | $-2.2M |
| FCF MarginFCF / Revenue | 21.7% | -1.4% |
| Capex IntensityCapex / Revenue | 2.0% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.40× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $239.6M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.9M | $-701.0K | ||
| Q3 25 | $109.9M | $-17.0M | ||
| Q2 25 | $73.7M | $28.5M | ||
| Q1 25 | $24.1M | $-3.3M | ||
| Q4 24 | $34.2M | $19.0M | ||
| Q3 24 | $72.1M | $16.2M | ||
| Q2 24 | $36.2M | $18.8M | ||
| Q1 24 | $10.5M | $1.4M |
| Q4 25 | $63.0M | $-2.2M | ||
| Q3 25 | $97.8M | $-18.7M | ||
| Q2 25 | $64.9M | $26.9M | ||
| Q1 25 | $14.0M | $-5.5M | ||
| Q4 24 | $29.0M | $16.3M | ||
| Q3 24 | $60.9M | $14.5M | ||
| Q2 24 | $27.6M | $15.5M | ||
| Q1 24 | $2.0M | $-580.0K |
| Q4 25 | 21.7% | -1.4% | ||
| Q3 25 | 34.1% | -10.6% | ||
| Q2 25 | 21.9% | 15.0% | ||
| Q1 25 | 5.3% | -3.5% | ||
| Q4 24 | 11.7% | 12.6% | ||
| Q3 24 | 20.4% | 10.8% | ||
| Q2 24 | 10.6% | 10.7% | ||
| Q1 24 | 0.8% | -0.5% |
| Q4 25 | 2.0% | 0.9% | ||
| Q3 25 | 4.2% | 1.0% | ||
| Q2 25 | 3.0% | 0.9% | ||
| Q1 25 | 3.8% | 1.4% | ||
| Q4 24 | 2.1% | 2.1% | ||
| Q3 24 | 3.8% | 1.3% | ||
| Q2 24 | 3.3% | 2.2% | ||
| Q1 24 | 3.4% | 1.5% |
| Q4 25 | 2.40× | -0.09× | ||
| Q3 25 | 0.50× | -1.17× | ||
| Q2 25 | 2.83× | 1.88× | ||
| Q1 25 | 0.78× | -0.32× | ||
| Q4 24 | 1.46× | 17.56× | ||
| Q3 24 | 2.10× | 3.48× | ||
| Q2 24 | 1.24× | 2.86× | ||
| Q1 24 | 0.45× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
