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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) 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 $98.7M, roughly 1.6× GCL Global Holdings Ltd). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -5.2%, a 9.9% gap on every dollar of revenue. INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-5.2M).
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
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.
GCL vs IIIN — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $159.9M |
| Net Profit | $-5.1M | $7.6M |
| Gross Margin | 11.0% | 11.3% |
| Operating Margin | -6.7% | 6.0% |
| Net Margin | -5.2% | 4.7% |
| Revenue YoY | — | 23.3% |
| Net Profit YoY | — | 602.4% |
| EPS (diluted) | $-0.04 | $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 | — | $159.9M | ||
| Q3 25 | $98.7M | $177.4M | ||
| Q2 25 | $142.1M | $179.9M | ||
| Q1 25 | — | $160.7M | ||
| Q4 24 | — | $129.7M | ||
| Q3 24 | $36.1M | $134.3M | ||
| Q2 24 | — | $145.8M | ||
| Q1 24 | — | $127.4M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $-5.1M | $14.6M | ||
| Q2 25 | $5.6M | $15.2M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $-1.9M | $4.7M | ||
| Q2 24 | — | $6.6M | ||
| Q1 24 | — | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | 11.0% | 16.1% | ||
| Q2 25 | 15.0% | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 16.2% | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | — | 6.0% | ||
| Q3 25 | -6.7% | 10.8% | ||
| Q2 25 | 2.3% | 11.0% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | -5.6% | 4.5% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | — | 4.7% | ||
| Q3 25 | -5.2% | 8.2% | ||
| Q2 25 | 3.9% | 8.4% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | -5.2% | 3.5% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $-0.04 | $0.74 | ||
| Q2 25 | $0.05 | $0.78 | ||
| Q1 25 | — | $0.52 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $0.24 | ||
| Q2 24 | — | $0.34 | ||
| Q1 24 | — | $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 | $16.6M | $15.6M |
| Total DebtLower is stronger | $52.0M | — |
| Stockholders' EquityBook value | $33.1M | $358.8M |
| Total Assets | $159.9M | $456.1M |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.6M | ||
| Q3 25 | $16.6M | $38.6M | ||
| Q2 25 | $18.2M | $53.7M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | — | $36.0M | ||
| Q3 24 | $2.7M | $111.5M | ||
| Q2 24 | — | $97.7M | ||
| Q1 24 | — | $83.9M |
| Q4 25 | — | — | ||
| Q3 25 | $52.0M | — | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $358.8M | ||
| Q3 25 | $33.1M | $371.5M | ||
| Q2 25 | $35.9M | $356.2M | ||
| Q1 25 | — | $341.4M | ||
| Q4 24 | — | $331.6M | ||
| Q3 24 | $15.9M | $350.9M | ||
| Q2 24 | — | $346.0M | ||
| Q1 24 | — | $340.6M |
| Q4 25 | — | $456.1M | ||
| Q3 25 | $159.9M | $462.6M | ||
| Q2 25 | $101.6M | $471.9M | ||
| Q1 25 | — | $421.9M | ||
| Q4 24 | — | $404.7M | ||
| Q3 24 | $49.6M | $422.6M | ||
| Q2 24 | — | $414.6M | ||
| Q1 24 | — | $397.2M |
| Q4 25 | — | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-4.8M | $-701.0K |
| Free Cash FlowOCF − Capex | $-5.2M | $-2.2M |
| FCF MarginFCF / Revenue | -5.3% | -1.4% |
| Capex IntensityCapex / Revenue | 0.4% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-701.0K | ||
| Q3 25 | $-4.8M | $-17.0M | ||
| Q2 25 | $-10.3M | $28.5M | ||
| Q1 25 | — | $-3.3M | ||
| Q4 24 | — | $19.0M | ||
| Q3 24 | $6.1M | $16.2M | ||
| Q2 24 | — | $18.8M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | $-5.2M | $-18.7M | ||
| Q2 25 | $-10.5M | $26.9M | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $14.5M | ||
| Q2 24 | — | $15.5M | ||
| Q1 24 | — | $-580.0K |
| Q4 25 | — | -1.4% | ||
| Q3 25 | -5.3% | -10.6% | ||
| Q2 25 | -7.4% | 15.0% | ||
| Q1 25 | — | -3.5% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | -0.5% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 0.4% | 1.0% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | -1.84× | 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
GCL
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
