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Side-by-side financial comparison of Fastly, Inc. (FSLY) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -9.0%, a 13.7% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 22.8%). Fastly, Inc. produced more free cash flow last quarter ($12.2M vs $-2.2M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs 12.0%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
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.
FSLY vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $159.9M |
| Net Profit | $-15.5M | $7.6M |
| Gross Margin | 61.4% | 11.3% |
| Operating Margin | -8.7% | 6.0% |
| Net Margin | -9.0% | 4.7% |
| Revenue YoY | 22.8% | 23.3% |
| Net Profit YoY | 52.9% | 602.4% |
| EPS (diluted) | $-0.10 | $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 | $172.6M | $159.9M | ||
| Q3 25 | $158.2M | $177.4M | ||
| Q2 25 | $148.7M | $179.9M | ||
| Q1 25 | $144.5M | $160.7M | ||
| Q4 24 | $140.6M | $129.7M | ||
| Q3 24 | $137.2M | $134.3M | ||
| Q2 24 | $132.4M | $145.8M | ||
| Q1 24 | $133.5M | $127.4M |
| Q4 25 | $-15.5M | $7.6M | ||
| Q3 25 | $-29.5M | $14.6M | ||
| Q2 25 | $-37.5M | $15.2M | ||
| Q1 25 | $-39.1M | $10.2M | ||
| Q4 24 | $-32.9M | $1.1M | ||
| Q3 24 | $-38.0M | $4.7M | ||
| Q2 24 | $-43.7M | $6.6M | ||
| Q1 24 | $-43.4M | $6.9M |
| Q4 25 | 61.4% | 11.3% | ||
| Q3 25 | 58.4% | 16.1% | ||
| Q2 25 | 54.5% | 17.1% | ||
| Q1 25 | 53.2% | 15.3% | ||
| Q4 24 | 53.4% | 7.3% | ||
| Q3 24 | 54.5% | 9.1% | ||
| Q2 24 | 55.1% | 10.6% | ||
| Q1 24 | 54.8% | 12.3% |
| Q4 25 | -8.7% | 6.0% | ||
| Q3 25 | -18.2% | 10.8% | ||
| Q2 25 | -24.8% | 11.0% | ||
| Q1 25 | -26.4% | 8.3% | ||
| Q4 24 | -24.4% | 1.1% | ||
| Q3 24 | -29.6% | 4.5% | ||
| Q2 24 | -35.3% | 6.0% | ||
| Q1 24 | -34.6% | 7.0% |
| Q4 25 | -9.0% | 4.7% | ||
| Q3 25 | -18.6% | 8.2% | ||
| Q2 25 | -25.2% | 8.4% | ||
| Q1 25 | -27.1% | 6.4% | ||
| Q4 24 | -23.4% | 0.8% | ||
| Q3 24 | -27.7% | 3.5% | ||
| Q2 24 | -33.0% | 4.5% | ||
| Q1 24 | -32.5% | 5.4% |
| Q4 25 | $-0.10 | $0.39 | ||
| Q3 25 | $-0.20 | $0.74 | ||
| Q2 25 | $-0.26 | $0.78 | ||
| Q1 25 | $-0.27 | $0.52 | ||
| Q4 24 | $-0.23 | $0.06 | ||
| Q3 24 | $-0.27 | $0.24 | ||
| Q2 24 | $-0.32 | $0.34 | ||
| Q1 24 | $-0.32 | $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 | $361.8M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $358.8M |
| Total Assets | $1.5B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $15.6M | ||
| Q3 25 | $342.9M | $38.6M | ||
| Q2 25 | $321.2M | $53.7M | ||
| Q1 25 | $307.3M | $28.4M | ||
| Q4 24 | $295.9M | $36.0M | ||
| Q3 24 | $308.2M | $111.5M | ||
| Q2 24 | $311.8M | $97.7M | ||
| Q1 24 | $329.5M | $83.9M |
| Q4 25 | $929.6M | $358.8M | ||
| Q3 25 | $937.0M | $371.5M | ||
| Q2 25 | $942.6M | $356.2M | ||
| Q1 25 | $957.0M | $341.4M | ||
| Q4 24 | $965.3M | $331.6M | ||
| Q3 24 | $969.5M | $350.9M | ||
| Q2 24 | $981.2M | $346.0M | ||
| Q1 24 | $991.8M | $340.6M |
| Q4 25 | $1.5B | $456.1M | ||
| Q3 25 | $1.5B | $462.6M | ||
| Q2 25 | $1.5B | $471.9M | ||
| Q1 25 | $1.4B | $421.9M | ||
| Q4 24 | $1.5B | $404.7M | ||
| Q3 24 | $1.5B | $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 | $22.4M | $-701.0K |
| Free Cash FlowOCF − Capex | $12.2M | $-2.2M |
| FCF MarginFCF / Revenue | 7.1% | -1.4% |
| Capex IntensityCapex / Revenue | 5.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-701.0K | ||
| Q3 25 | $28.9M | $-17.0M | ||
| Q2 25 | $25.8M | $28.5M | ||
| Q1 25 | $17.3M | $-3.3M | ||
| Q4 24 | $5.2M | $19.0M | ||
| Q3 24 | $5.0M | $16.2M | ||
| Q2 24 | $-4.9M | $18.8M | ||
| Q1 24 | $11.1M | $1.4M |
| Q4 25 | $12.2M | $-2.2M | ||
| Q3 25 | $22.9M | $-18.7M | ||
| Q2 25 | $15.9M | $26.9M | ||
| Q1 25 | $14.7M | $-5.5M | ||
| Q4 24 | $251.0K | $16.3M | ||
| Q3 24 | $3.0M | $14.5M | ||
| Q2 24 | $-6.7M | $15.5M | ||
| Q1 24 | $9.5M | $-580.0K |
| Q4 25 | 7.1% | -1.4% | ||
| Q3 25 | 14.5% | -10.6% | ||
| Q2 25 | 10.7% | 15.0% | ||
| Q1 25 | 10.2% | -3.5% | ||
| Q4 24 | 0.2% | 12.6% | ||
| Q3 24 | 2.2% | 10.8% | ||
| Q2 24 | -5.1% | 10.7% | ||
| Q1 24 | 7.1% | -0.5% |
| Q4 25 | 5.9% | 0.9% | ||
| Q3 25 | 3.8% | 1.0% | ||
| Q2 25 | 6.6% | 0.9% | ||
| Q1 25 | 1.8% | 1.4% | ||
| Q4 24 | 3.5% | 2.1% | ||
| Q3 24 | 1.5% | 1.3% | ||
| Q2 24 | 1.3% | 2.2% | ||
| Q1 24 | 1.2% | 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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
