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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $105.5M, roughly 1.5× Granite Ridge Resources, Inc.). On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -0.8%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 8.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
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.
GRNT vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $159.9M |
| Net Profit | — | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | -34.5% | 6.0% |
| Net Margin | — | 4.7% |
| Revenue YoY | -0.8% | 23.3% |
| Net Profit YoY | — | 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 | $105.5M | $159.9M | ||
| Q3 25 | $112.7M | $177.4M | ||
| Q2 25 | $109.2M | $179.9M | ||
| Q1 25 | $122.9M | $160.7M | ||
| Q4 24 | $106.3M | $129.7M | ||
| Q3 24 | $94.1M | $134.3M | ||
| Q2 24 | $90.7M | $145.8M | ||
| Q1 24 | $89.0M | $127.4M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $14.5M | $14.6M | ||
| Q2 25 | $25.1M | $15.2M | ||
| Q1 25 | $9.8M | $10.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $9.1M | $4.7M | ||
| Q2 24 | $5.1M | $6.6M | ||
| Q1 24 | $16.2M | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | -34.5% | 6.0% | ||
| Q3 25 | 17.4% | 10.8% | ||
| Q2 25 | 19.0% | 11.0% | ||
| Q1 25 | 34.6% | 8.3% | ||
| Q4 24 | -6.5% | 1.1% | ||
| Q3 24 | 26.2% | 4.5% | ||
| Q2 24 | 24.1% | 6.0% | ||
| Q1 24 | 22.0% | 7.0% |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 12.9% | 8.2% | ||
| Q2 25 | 23.0% | 8.4% | ||
| Q1 25 | 8.0% | 6.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 9.6% | 3.5% | ||
| Q2 24 | 5.6% | 4.5% | ||
| Q1 24 | 18.2% | 5.4% |
| Q4 25 | $-0.19 | $0.39 | ||
| Q3 25 | $0.11 | $0.74 | ||
| Q2 25 | $0.19 | $0.78 | ||
| Q1 25 | $0.07 | $0.52 | ||
| Q4 24 | $-0.09 | $0.06 | ||
| Q3 24 | $0.07 | $0.24 | ||
| Q2 24 | $0.04 | $0.34 | ||
| Q1 24 | $0.12 | $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 | — | $15.6M |
| Total DebtLower is stronger | $367.8M | — |
| Stockholders' EquityBook value | $605.8M | $358.8M |
| Total Assets | $1.2B | $456.1M |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $38.6M | ||
| Q2 25 | — | $53.7M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | — | $36.0M | ||
| Q3 24 | — | $111.5M | ||
| Q2 24 | — | $97.7M | ||
| Q1 24 | — | $83.9M |
| Q4 25 | $367.8M | — | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $205.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $137.5M | — |
| Q4 25 | $605.8M | $358.8M | ||
| Q3 25 | $643.9M | $371.5M | ||
| Q2 25 | $642.5M | $356.2M | ||
| Q1 25 | $631.4M | $341.4M | ||
| Q4 24 | $635.4M | $331.6M | ||
| Q3 24 | $660.6M | $350.9M | ||
| Q2 24 | $665.3M | $346.0M | ||
| Q1 24 | $674.0M | $340.6M |
| Q4 25 | $1.2B | $456.1M | ||
| Q3 25 | $1.1B | $462.6M | ||
| Q2 25 | $1.1B | $471.9M | ||
| Q1 25 | $1.1B | $421.9M | ||
| Q4 24 | $1.0B | $404.7M | ||
| Q3 24 | $1.0B | $422.6M | ||
| Q2 24 | $990.5M | $414.6M | ||
| Q1 24 | $966.7M | $397.2M |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.20× | — |
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 | $64.5M | $-701.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -1.4% |
| Capex IntensityCapex / Revenue | — | 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 | $64.5M | $-701.0K | ||
| Q3 25 | $77.8M | $-17.0M | ||
| Q2 25 | $78.0M | $28.5M | ||
| Q1 25 | $76.1M | $-3.3M | ||
| Q4 24 | $68.2M | $19.0M | ||
| Q3 24 | $74.7M | $16.2M | ||
| Q2 24 | $64.2M | $18.8M | ||
| Q1 24 | $68.7M | $1.4M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $-18.7M | ||
| Q2 25 | — | $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 | — | -10.6% | ||
| Q2 25 | — | 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 | — | 1.0% | ||
| Q2 25 | — | 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 | 5.36× | -1.17× | ||
| Q2 25 | 3.11× | 1.88× | ||
| Q1 25 | 7.75× | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | 8.25× | 3.48× | ||
| Q2 24 | 12.58× | 2.86× | ||
| Q1 24 | 4.23× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
