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Side-by-side financial comparison of Freshworks Inc. (FRSH) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($222.7M vs $159.9M, roughly 1.4× INSTEEL INDUSTRIES INC). Freshworks Inc. runs the higher net margin — 86.0% vs 4.7%, a 81.2% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 14.5%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $-2.2M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 12.0%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
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.
FRSH vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $159.9M |
| Net Profit | $191.4M | $7.6M |
| Gross Margin | 85.6% | 11.3% |
| Operating Margin | 17.8% | 6.0% |
| Net Margin | 86.0% | 4.7% |
| Revenue YoY | 14.5% | 23.3% |
| Net Profit YoY | 974.2% | 602.4% |
| EPS (diluted) | $0.66 | $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 | $222.7M | $159.9M | ||
| Q3 25 | $215.1M | $177.4M | ||
| Q2 25 | $204.7M | $179.9M | ||
| Q1 25 | $196.3M | $160.7M | ||
| Q4 24 | $194.6M | $129.7M | ||
| Q3 24 | $186.6M | $134.3M | ||
| Q2 24 | $174.1M | $145.8M | ||
| Q1 24 | $165.1M | $127.4M |
| Q4 25 | $191.4M | $7.6M | ||
| Q3 25 | $-4.7M | $14.6M | ||
| Q2 25 | $-1.7M | $15.2M | ||
| Q1 25 | $-1.3M | $10.2M | ||
| Q4 24 | $-21.9M | $1.1M | ||
| Q3 24 | $-30.0M | $4.7M | ||
| Q2 24 | $-20.2M | $6.6M | ||
| Q1 24 | $-23.3M | $6.9M |
| Q4 25 | 85.6% | 11.3% | ||
| Q3 25 | 84.7% | 16.1% | ||
| Q2 25 | 84.8% | 17.1% | ||
| Q1 25 | 84.8% | 15.3% | ||
| Q4 24 | 84.9% | 7.3% | ||
| Q3 24 | 84.0% | 9.1% | ||
| Q2 24 | 83.8% | 10.6% | ||
| Q1 24 | 84.3% | 12.3% |
| Q4 25 | 17.8% | 6.0% | ||
| Q3 25 | -3.5% | 10.8% | ||
| Q2 25 | -4.2% | 11.0% | ||
| Q1 25 | -5.3% | 8.3% | ||
| Q4 24 | -12.2% | 1.1% | ||
| Q3 24 | -20.8% | 4.5% | ||
| Q2 24 | -25.1% | 6.0% | ||
| Q1 24 | -19.5% | 7.0% |
| Q4 25 | 86.0% | 4.7% | ||
| Q3 25 | -2.2% | 8.2% | ||
| Q2 25 | -0.8% | 8.4% | ||
| Q1 25 | -0.7% | 6.4% | ||
| Q4 24 | -11.3% | 0.8% | ||
| Q3 24 | -16.1% | 3.5% | ||
| Q2 24 | -11.6% | 4.5% | ||
| Q1 24 | -14.1% | 5.4% |
| Q4 25 | $0.66 | $0.39 | ||
| Q3 25 | $-0.02 | $0.74 | ||
| Q2 25 | $-0.01 | $0.78 | ||
| Q1 25 | $0.00 | $0.52 | ||
| Q4 24 | $-0.07 | $0.06 | ||
| Q3 24 | $-0.10 | $0.24 | ||
| Q2 24 | $-0.07 | $0.34 | ||
| Q1 24 | $-0.08 | $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 | $781.4M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $358.8M |
| Total Assets | $1.6B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $15.6M | ||
| Q3 25 | $813.2M | $38.6M | ||
| Q2 25 | $926.2M | $53.7M | ||
| Q1 25 | $995.3M | $28.4M | ||
| Q4 24 | $1.1B | $36.0M | ||
| Q3 24 | $1.1B | $111.5M | ||
| Q2 24 | $1.0B | $97.7M | ||
| Q1 24 | $1.2B | $83.9M |
| Q4 25 | $1.0B | $358.8M | ||
| Q3 25 | $851.5M | $371.5M | ||
| Q2 25 | $984.6M | $356.2M | ||
| Q1 25 | $1.1B | $341.4M | ||
| Q4 24 | $1.1B | $331.6M | ||
| Q3 24 | $1.1B | $350.9M | ||
| Q2 24 | $1.1B | $346.0M | ||
| Q1 24 | $1.1B | $340.6M |
| Q4 25 | $1.6B | $456.1M | ||
| Q3 25 | $1.4B | $462.6M | ||
| Q2 25 | $1.5B | $471.9M | ||
| Q1 25 | $1.5B | $421.9M | ||
| Q4 24 | $1.6B | $404.7M | ||
| Q3 24 | $1.6B | $422.6M | ||
| Q2 24 | $1.5B | $414.6M | ||
| Q1 24 | $1.5B | $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 | $62.3M | $-701.0K |
| Free Cash FlowOCF − Capex | $60.1M | $-2.2M |
| FCF MarginFCF / Revenue | 27.0% | -1.4% |
| Capex IntensityCapex / Revenue | 1.0% | 0.9% |
| Cash ConversionOCF / Net Profit | 0.33× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $-701.0K | ||
| Q3 25 | $63.5M | $-17.0M | ||
| Q2 25 | $58.6M | $28.5M | ||
| Q1 25 | $58.0M | $-3.3M | ||
| Q4 24 | $41.4M | $19.0M | ||
| Q3 24 | $42.3M | $16.2M | ||
| Q2 24 | $36.3M | $18.8M | ||
| Q1 24 | $40.6M | $1.4M |
| Q4 25 | $60.1M | $-2.2M | ||
| Q3 25 | $61.7M | $-18.7M | ||
| Q2 25 | $58.2M | $26.9M | ||
| Q1 25 | $56.7M | $-5.5M | ||
| Q4 24 | $36.3M | $16.3M | ||
| Q3 24 | $41.3M | $14.5M | ||
| Q2 24 | $34.0M | $15.5M | ||
| Q1 24 | $39.9M | $-580.0K |
| Q4 25 | 27.0% | -1.4% | ||
| Q3 25 | 28.7% | -10.6% | ||
| Q2 25 | 28.4% | 15.0% | ||
| Q1 25 | 28.9% | -3.5% | ||
| Q4 24 | 18.7% | 12.6% | ||
| Q3 24 | 22.1% | 10.8% | ||
| Q2 24 | 19.5% | 10.7% | ||
| Q1 24 | 24.1% | -0.5% |
| Q4 25 | 1.0% | 0.9% | ||
| Q3 25 | 0.8% | 1.0% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.7% | 1.4% | ||
| Q4 24 | 2.6% | 2.1% | ||
| Q3 24 | 0.6% | 1.3% | ||
| Q2 24 | 1.3% | 2.2% | ||
| Q1 24 | 0.4% | 1.5% |
| Q4 25 | 0.33× | -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
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
