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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) 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 $114.8M, roughly 1.4× HA Sustainable Infrastructure Capital, Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -46.8%, a 51.6% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 13.3%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 4.2%).
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
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.
HASI vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $159.9M |
| Net Profit | $-53.8M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | -57.4% | 6.0% |
| Net Margin | -46.8% | 4.7% |
| Revenue YoY | 13.3% | 23.3% |
| Net Profit YoY | -176.7% | 602.4% |
| EPS (diluted) | $-0.38 | $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 | $114.8M | $159.9M | ||
| Q3 25 | $103.1M | $177.4M | ||
| Q2 25 | $85.7M | $179.9M | ||
| Q1 25 | $96.9M | $160.7M | ||
| Q4 24 | $101.3M | $129.7M | ||
| Q3 24 | $82.0M | $134.3M | ||
| Q2 24 | $94.5M | $145.8M | ||
| Q1 24 | $105.8M | $127.4M |
| Q4 25 | $-53.8M | $7.6M | ||
| Q3 25 | $83.3M | $14.6M | ||
| Q2 25 | $98.4M | $15.2M | ||
| Q1 25 | $56.6M | $10.2M | ||
| Q4 24 | $70.1M | $1.1M | ||
| Q3 24 | $-19.6M | $4.7M | ||
| Q2 24 | $26.5M | $6.6M | ||
| Q1 24 | $123.0M | $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 | -57.4% | 6.0% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | 84.7% | 8.3% | ||
| Q4 24 | 90.9% | 1.1% | ||
| Q3 24 | -32.1% | 4.5% | ||
| Q2 24 | 39.5% | 6.0% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | -46.8% | 4.7% | ||
| Q3 25 | 80.8% | 8.2% | ||
| Q2 25 | 114.9% | 8.4% | ||
| Q1 25 | 58.4% | 6.4% | ||
| Q4 24 | 69.2% | 0.8% | ||
| Q3 24 | -23.9% | 3.5% | ||
| Q2 24 | 28.1% | 4.5% | ||
| Q1 24 | 116.3% | 5.4% |
| Q4 25 | $-0.38 | $0.39 | ||
| Q3 25 | $0.61 | $0.74 | ||
| Q2 25 | $0.74 | $0.78 | ||
| Q1 25 | $0.44 | $0.52 | ||
| Q4 24 | $0.58 | $0.06 | ||
| Q3 24 | $-0.17 | $0.24 | ||
| Q2 24 | $0.23 | $0.34 | ||
| Q1 24 | $0.98 | $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 | $110.2M | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $358.8M |
| Total Assets | $8.2B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.2M | $15.6M | ||
| Q3 25 | $301.8M | $38.6M | ||
| Q2 25 | $86.5M | $53.7M | ||
| Q1 25 | $67.4M | $28.4M | ||
| Q4 24 | $129.8M | $36.0M | ||
| Q3 24 | $44.1M | $111.5M | ||
| Q2 24 | $145.7M | $97.7M | ||
| Q1 24 | $61.4M | $83.9M |
| Q4 25 | $2.7B | $358.8M | ||
| Q3 25 | $2.7B | $371.5M | ||
| Q2 25 | $2.6B | $356.2M | ||
| Q1 25 | $2.5B | $341.4M | ||
| Q4 24 | $2.4B | $331.6M | ||
| Q3 24 | $2.3B | $350.9M | ||
| Q2 24 | $2.3B | $346.0M | ||
| Q1 24 | $2.3B | $340.6M |
| Q4 25 | $8.2B | $456.1M | ||
| Q3 25 | $8.2B | $462.6M | ||
| Q2 25 | $7.6B | $471.9M | ||
| Q1 25 | $7.5B | $421.9M | ||
| Q4 24 | $7.1B | $404.7M | ||
| Q3 24 | $6.7B | $422.6M | ||
| Q2 24 | $6.7B | $414.6M | ||
| Q1 24 | $6.7B | $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 | $167.3M | $-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 | $167.3M | $-701.0K | ||
| Q3 25 | $-121.8M | $-17.0M | ||
| Q2 25 | $79.6M | $28.5M | ||
| Q1 25 | $-37.1M | $-3.3M | ||
| Q4 24 | $5.9M | $19.0M | ||
| Q3 24 | $21.9M | $16.2M | ||
| Q2 24 | $-24.8M | $18.8M | ||
| Q1 24 | $20.9M | $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 | -1.46× | -1.17× | ||
| Q2 25 | 0.81× | 1.88× | ||
| Q1 25 | -0.66× | -0.32× | ||
| Q4 24 | 0.08× | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | -0.94× | 2.86× | ||
| Q1 24 | 0.17× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
