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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) 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 $106.2M, roughly 1.5× GRID DYNAMICS HOLDINGS, INC.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 0.3%, a 4.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 5.9%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-2.2M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs 12.0%).
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
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.
GDYN vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $159.9M |
| Net Profit | $306.0K | $7.6M |
| Gross Margin | 34.0% | 11.3% |
| Operating Margin | 0.5% | 6.0% |
| Net Margin | 0.3% | 4.7% |
| Revenue YoY | 5.9% | 23.3% |
| Net Profit YoY | -93.2% | 602.4% |
| EPS (diluted) | $0.01 | $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 | $106.2M | $159.9M | ||
| Q3 25 | $104.2M | $177.4M | ||
| Q2 25 | $101.1M | $179.9M | ||
| Q1 25 | $100.4M | $160.7M | ||
| Q4 24 | $100.3M | $129.7M | ||
| Q3 24 | $87.4M | $134.3M | ||
| Q2 24 | $83.0M | $145.8M | ||
| Q1 24 | $79.8M | $127.4M |
| Q4 25 | $306.0K | $7.6M | ||
| Q3 25 | $1.2M | $14.6M | ||
| Q2 25 | $5.3M | $15.2M | ||
| Q1 25 | $2.9M | $10.2M | ||
| Q4 24 | $4.5M | $1.1M | ||
| Q3 24 | $4.3M | $4.7M | ||
| Q2 24 | $-817.0K | $6.6M | ||
| Q1 24 | $-3.9M | $6.9M |
| Q4 25 | 34.0% | 11.3% | ||
| Q3 25 | 33.3% | 16.1% | ||
| Q2 25 | 34.1% | 17.1% | ||
| Q1 25 | 36.8% | 15.3% | ||
| Q4 24 | 36.9% | 7.3% | ||
| Q3 24 | 37.4% | 9.1% | ||
| Q2 24 | 35.6% | 10.6% | ||
| Q1 24 | 34.7% | 12.3% |
| Q4 25 | 0.5% | 6.0% | ||
| Q3 25 | -0.2% | 10.8% | ||
| Q2 25 | -0.1% | 11.0% | ||
| Q1 25 | -2.0% | 8.3% | ||
| Q4 24 | 1.3% | 1.1% | ||
| Q3 24 | 2.4% | 4.5% | ||
| Q2 24 | 0.0% | 6.0% | ||
| Q1 24 | -6.9% | 7.0% |
| Q4 25 | 0.3% | 4.7% | ||
| Q3 25 | 1.1% | 8.2% | ||
| Q2 25 | 5.2% | 8.4% | ||
| Q1 25 | 2.9% | 6.4% | ||
| Q4 24 | 4.5% | 0.8% | ||
| Q3 24 | 4.9% | 3.5% | ||
| Q2 24 | -1.0% | 4.5% | ||
| Q1 24 | -4.9% | 5.4% |
| Q4 25 | $0.01 | $0.39 | ||
| Q3 25 | $0.01 | $0.74 | ||
| Q2 25 | $0.06 | $0.78 | ||
| Q1 25 | $0.03 | $0.52 | ||
| Q4 24 | $0.06 | $0.06 | ||
| Q3 24 | $0.05 | $0.24 | ||
| Q2 24 | $-0.01 | $0.34 | ||
| Q1 24 | $-0.05 | $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 | $342.1M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $542.1M | $358.8M |
| Total Assets | $612.9M | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | $15.6M | ||
| Q3 25 | $338.6M | $38.6M | ||
| Q2 25 | $336.8M | $53.7M | ||
| Q1 25 | $325.5M | $28.4M | ||
| Q4 24 | $334.7M | $36.0M | ||
| Q3 24 | $231.3M | $111.5M | ||
| Q2 24 | $256.0M | $97.7M | ||
| Q1 24 | $249.4M | $83.9M |
| Q4 25 | $542.1M | $358.8M | ||
| Q3 25 | $537.7M | $371.5M | ||
| Q2 25 | $532.2M | $356.2M | ||
| Q1 25 | $517.4M | $341.4M | ||
| Q4 24 | $517.8M | $331.6M | ||
| Q3 24 | $400.2M | $350.9M | ||
| Q2 24 | $388.4M | $346.0M | ||
| Q1 24 | $382.8M | $340.6M |
| Q4 25 | $612.9M | $456.1M | ||
| Q3 25 | $613.2M | $462.6M | ||
| Q2 25 | $608.9M | $471.9M | ||
| Q1 25 | $590.9M | $421.9M | ||
| Q4 24 | $592.2M | $404.7M | ||
| Q3 24 | $477.3M | $422.6M | ||
| Q2 24 | $443.6M | $414.6M | ||
| Q1 24 | $435.3M | $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 | $9.9M | $-701.0K |
| Free Cash FlowOCF − Capex | $6.1M | $-2.2M |
| FCF MarginFCF / Revenue | 5.7% | -1.4% |
| Capex IntensityCapex / Revenue | 3.6% | 0.9% |
| Cash ConversionOCF / Net Profit | 32.34× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $-701.0K | ||
| Q3 25 | $7.0M | $-17.0M | ||
| Q2 25 | $14.4M | $28.5M | ||
| Q1 25 | $9.4M | $-3.3M | ||
| Q4 24 | $7.1M | $19.0M | ||
| Q3 24 | $9.2M | $16.2M | ||
| Q2 24 | $10.7M | $18.8M | ||
| Q1 24 | $3.2M | $1.4M |
| Q4 25 | $6.1M | $-2.2M | ||
| Q3 25 | $2.9M | $-18.7M | ||
| Q2 25 | $10.2M | $26.9M | ||
| Q1 25 | $6.0M | $-5.5M | ||
| Q4 24 | $4.4M | $16.3M | ||
| Q3 24 | $5.9M | $14.5M | ||
| Q2 24 | $8.0M | $15.5M | ||
| Q1 24 | $43.0K | $-580.0K |
| Q4 25 | 5.7% | -1.4% | ||
| Q3 25 | 2.8% | -10.6% | ||
| Q2 25 | 10.1% | 15.0% | ||
| Q1 25 | 6.0% | -3.5% | ||
| Q4 24 | 4.4% | 12.6% | ||
| Q3 24 | 6.8% | 10.8% | ||
| Q2 24 | 9.7% | 10.7% | ||
| Q1 24 | 0.1% | -0.5% |
| Q4 25 | 3.6% | 0.9% | ||
| Q3 25 | 3.9% | 1.0% | ||
| Q2 25 | 4.1% | 0.9% | ||
| Q1 25 | 3.3% | 1.4% | ||
| Q4 24 | 2.6% | 2.1% | ||
| Q3 24 | 3.7% | 1.3% | ||
| Q2 24 | 3.2% | 2.2% | ||
| Q1 24 | 4.0% | 1.5% |
| Q4 25 | 32.34× | -0.09× | ||
| Q3 25 | 5.92× | -1.17× | ||
| Q2 25 | 2.73× | 1.88× | ||
| Q1 25 | 3.21× | -0.32× | ||
| Q4 24 | 1.56× | 17.56× | ||
| Q3 24 | 2.15× | 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
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
