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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
Great Lakes Dredge & Dock CORP is the larger business by last-quarter revenue ($256.5M vs $159.9M, roughly 1.6× INSTEEL INDUSTRIES INC). Great Lakes Dredge & Dock CORP runs the higher net margin — 4.9% vs 4.7%, a 0.2% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs 23.3%). Great Lakes Dredge & Dock CORP produced more free cash flow last quarter ($50.3M vs $-2.2M). Over the past eight quarters, Great Lakes Dredge & Dock CORP's revenue compounded faster (13.6% CAGR vs 12.0%).
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.
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.
GLDD vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $256.5M | $159.9M |
| Net Profit | $12.6M | $7.6M |
| Gross Margin | 20.9% | 11.3% |
| Operating Margin | 12.7% | 6.0% |
| Net Margin | 4.9% | 4.7% |
| Revenue YoY | 26.5% | 23.3% |
| Net Profit YoY | -35.9% | 602.4% |
| EPS (diluted) | $0.19 | $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 | $256.5M | $159.9M | ||
| Q3 25 | $195.2M | $177.4M | ||
| Q2 25 | $193.8M | $179.9M | ||
| Q1 25 | $242.9M | $160.7M | ||
| Q4 24 | $202.8M | $129.7M | ||
| Q3 24 | $191.2M | $134.3M | ||
| Q2 24 | $170.1M | $145.8M | ||
| Q1 24 | $198.7M | $127.4M |
| Q4 25 | $12.6M | $7.6M | ||
| Q3 25 | $17.7M | $14.6M | ||
| Q2 25 | $9.7M | $15.2M | ||
| Q1 25 | $33.4M | $10.2M | ||
| Q4 24 | $19.7M | $1.1M | ||
| Q3 24 | $8.9M | $4.7M | ||
| Q2 24 | $7.7M | $6.6M | ||
| Q1 24 | $21.0M | $6.9M |
| Q4 25 | 20.9% | 11.3% | ||
| Q3 25 | 22.4% | 16.1% | ||
| Q2 25 | 18.9% | 17.1% | ||
| Q1 25 | 28.6% | 15.3% | ||
| Q4 24 | 24.1% | 7.3% | ||
| Q3 24 | 19.0% | 9.1% | ||
| Q2 24 | 17.5% | 10.6% | ||
| Q1 24 | 22.9% | 12.3% |
| Q4 25 | 12.7% | 6.0% | ||
| Q3 25 | 14.4% | 10.8% | ||
| Q2 25 | 8.8% | 11.0% | ||
| Q1 25 | 20.6% | 8.3% | ||
| Q4 24 | 14.8% | 1.1% | ||
| Q3 24 | 8.7% | 4.5% | ||
| Q2 24 | 8.6% | 6.0% | ||
| Q1 24 | 15.8% | 7.0% |
| Q4 25 | 4.9% | 4.7% | ||
| Q3 25 | 9.1% | 8.2% | ||
| Q2 25 | 5.0% | 8.4% | ||
| Q1 25 | 13.8% | 6.4% | ||
| Q4 24 | 9.7% | 0.8% | ||
| Q3 24 | 4.6% | 3.5% | ||
| Q2 24 | 4.5% | 4.5% | ||
| Q1 24 | 10.6% | 5.4% |
| Q4 25 | $0.19 | $0.39 | ||
| Q3 25 | $0.26 | $0.74 | ||
| Q2 25 | $0.14 | $0.78 | ||
| Q1 25 | $0.49 | $0.52 | ||
| Q4 24 | $0.29 | $0.06 | ||
| Q3 24 | $0.13 | $0.24 | ||
| Q2 24 | $0.11 | $0.34 | ||
| Q1 24 | $0.31 | $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 | $13.4M | $15.6M |
| Total DebtLower is stronger | $378.2M | — |
| Stockholders' EquityBook value | $517.1M | $358.8M |
| Total Assets | $1.3B | $456.1M |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $15.6M | ||
| Q3 25 | $12.7M | $38.6M | ||
| Q2 25 | $2.9M | $53.7M | ||
| Q1 25 | $11.3M | $28.4M | ||
| Q4 24 | $10.2M | $36.0M | ||
| Q3 24 | $12.0M | $111.5M | ||
| Q2 24 | $23.1M | $97.7M | ||
| Q1 24 | $22.8M | $83.9M |
| Q4 25 | $378.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $448.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $517.1M | $358.8M | ||
| Q3 25 | $502.1M | $371.5M | ||
| Q2 25 | $481.9M | $356.2M | ||
| Q1 25 | $479.9M | $341.4M | ||
| Q4 24 | $448.9M | $331.6M | ||
| Q3 24 | $425.4M | $350.9M | ||
| Q2 24 | $418.0M | $346.0M | ||
| Q1 24 | $409.0M | $340.6M |
| Q4 25 | $1.3B | $456.1M | ||
| Q3 25 | $1.3B | $462.6M | ||
| Q2 25 | $1.2B | $471.9M | ||
| Q1 25 | $1.2B | $421.9M | ||
| Q4 24 | $1.3B | $404.7M | ||
| Q3 24 | $1.1B | $422.6M | ||
| Q2 24 | $1.1B | $414.6M | ||
| Q1 24 | $1.1B | $397.2M |
| Q4 25 | 0.73× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.00× | — | ||
| 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 | $79.7M | $-701.0K |
| Free Cash FlowOCF − Capex | $50.3M | $-2.2M |
| FCF MarginFCF / Revenue | 19.6% | -1.4% |
| Capex IntensityCapex / Revenue | 11.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 6.31× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $99.5M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.7M | $-701.0K | ||
| Q3 25 | $49.2M | $-17.0M | ||
| Q2 25 | $56.9M | $28.5M | ||
| Q1 25 | $60.9M | $-3.3M | ||
| Q4 24 | $-13.5M | $19.0M | ||
| Q3 24 | $26.8M | $16.2M | ||
| Q2 24 | $18.4M | $18.8M | ||
| Q1 24 | $38.4M | $1.4M |
| Q4 25 | $50.3M | $-2.2M | ||
| Q3 25 | $13.2M | $-18.7M | ||
| Q2 25 | $-3.7M | $26.9M | ||
| Q1 25 | $39.6M | $-5.5M | ||
| Q4 24 | $-36.1M | $16.3M | ||
| Q3 24 | $-11.5M | $14.5M | ||
| Q2 24 | $-34.0M | $15.5M | ||
| Q1 24 | $26.5M | $-580.0K |
| Q4 25 | 19.6% | -1.4% | ||
| Q3 25 | 6.8% | -10.6% | ||
| Q2 25 | -1.9% | 15.0% | ||
| Q1 25 | 16.3% | -3.5% | ||
| Q4 24 | -17.8% | 12.6% | ||
| Q3 24 | -6.0% | 10.8% | ||
| Q2 24 | -20.0% | 10.7% | ||
| Q1 24 | 13.4% | -0.5% |
| Q4 25 | 11.5% | 0.9% | ||
| Q3 25 | 18.4% | 1.0% | ||
| Q2 25 | 31.3% | 0.9% | ||
| Q1 25 | 8.7% | 1.4% | ||
| Q4 24 | 11.2% | 2.1% | ||
| Q3 24 | 20.0% | 1.3% | ||
| Q2 24 | 30.8% | 2.2% | ||
| Q1 24 | 6.0% | 1.5% |
| Q4 25 | 6.31× | -0.09× | ||
| Q3 25 | 2.77× | -1.17× | ||
| Q2 25 | 5.87× | 1.88× | ||
| Q1 25 | 1.82× | -0.32× | ||
| Q4 24 | -0.69× | 17.56× | ||
| Q3 24 | 3.02× | 3.48× | ||
| Q2 24 | 2.39× | 2.86× | ||
| Q1 24 | 1.83× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLDD
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
