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Side-by-side financial comparison of HARROW, INC. (HROW) 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 $89.1M, roughly 1.8× HARROW, INC.). HARROW, INC. runs the higher net margin — 7.4% vs 4.7%, a 2.7% gap on every dollar of revenue. On growth, HARROW, INC. posted the faster year-over-year revenue change (33.3% vs 23.3%). HARROW, INC. produced more free cash flow last quarter ($8.1M vs $-2.2M). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% CAGR vs 12.0%).
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.
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.
HROW vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $89.1M | $159.9M |
| Net Profit | $6.6M | $7.6M |
| Gross Margin | 79.3% | 11.3% |
| Operating Margin | 17.5% | 6.0% |
| Net Margin | 7.4% | 4.7% |
| Revenue YoY | 33.3% | 23.3% |
| Net Profit YoY | -2.2% | 602.4% |
| EPS (diluted) | $0.20 | $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 | $89.1M | $159.9M | ||
| Q3 25 | $71.6M | $177.4M | ||
| Q2 25 | $63.7M | $179.9M | ||
| Q1 25 | $47.8M | $160.7M | ||
| Q4 24 | $66.8M | $129.7M | ||
| Q3 24 | $49.3M | $134.3M | ||
| Q2 24 | $48.9M | $145.8M | ||
| Q1 24 | $34.6M | $127.4M |
| Q4 25 | $6.6M | $7.6M | ||
| Q3 25 | $1.0M | $14.6M | ||
| Q2 25 | $5.0M | $15.2M | ||
| Q1 25 | $-17.8M | $10.2M | ||
| Q4 24 | $6.8M | $1.1M | ||
| Q3 24 | $-4.2M | $4.7M | ||
| Q2 24 | $-6.5M | $6.6M | ||
| Q1 24 | $-13.6M | $6.9M |
| Q4 25 | 79.3% | 11.3% | ||
| Q3 25 | 75.3% | 16.1% | ||
| Q2 25 | 74.5% | 17.1% | ||
| Q1 25 | 67.5% | 15.3% | ||
| Q4 24 | 78.8% | 7.3% | ||
| Q3 24 | 75.6% | 9.1% | ||
| Q2 24 | 74.4% | 10.6% | ||
| Q1 24 | 69.5% | 12.3% |
| Q4 25 | 17.5% | 6.0% | ||
| Q3 25 | 20.6% | 10.8% | ||
| Q2 25 | 17.9% | 11.0% | ||
| Q1 25 | -23.5% | 8.3% | ||
| Q4 24 | 19.3% | 1.1% | ||
| Q3 24 | 2.7% | 4.5% | ||
| Q2 24 | 3.1% | 6.0% | ||
| Q1 24 | -20.0% | 7.0% |
| Q4 25 | 7.4% | 4.7% | ||
| Q3 25 | 1.4% | 8.2% | ||
| Q2 25 | 7.8% | 8.4% | ||
| Q1 25 | -37.2% | 6.4% | ||
| Q4 24 | 10.1% | 0.8% | ||
| Q3 24 | -8.6% | 3.5% | ||
| Q2 24 | -13.2% | 4.5% | ||
| Q1 24 | -39.2% | 5.4% |
| Q4 25 | $0.20 | $0.39 | ||
| Q3 25 | $0.03 | $0.74 | ||
| Q2 25 | $0.13 | $0.78 | ||
| Q1 25 | $-0.50 | $0.52 | ||
| Q4 24 | $0.19 | $0.06 | ||
| Q3 24 | $-0.12 | $0.24 | ||
| Q2 24 | $-0.18 | $0.34 | ||
| Q1 24 | $-0.38 | $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 | $72.9M | $15.6M |
| Total DebtLower is stronger | $250.0M | — |
| Stockholders' EquityBook value | $52.4M | $358.8M |
| Total Assets | $399.5M | $456.1M |
| Debt / EquityLower = less leverage | 4.77× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.9M | $15.6M | ||
| Q3 25 | $74.3M | $38.6M | ||
| Q2 25 | $53.0M | $53.7M | ||
| Q1 25 | $66.7M | $28.4M | ||
| Q4 24 | $47.2M | $36.0M | ||
| Q3 24 | $72.6M | $111.5M | ||
| Q2 24 | $71.0M | $97.7M | ||
| Q1 24 | $76.0M | $83.9M |
| Q4 25 | $250.0M | — | ||
| Q3 25 | $347.2M | — | ||
| Q2 25 | $250.6M | — | ||
| Q1 25 | $256.9M | — | ||
| Q4 24 | $262.7M | — | ||
| Q3 24 | $230.7M | — | ||
| Q2 24 | $236.3M | — | ||
| Q1 24 | $243.4M | — |
| Q4 25 | $52.4M | $358.8M | ||
| Q3 25 | $47.0M | $371.5M | ||
| Q2 25 | $49.7M | $356.2M | ||
| Q1 25 | $56.5M | $341.4M | ||
| Q4 24 | $69.7M | $331.6M | ||
| Q3 24 | $58.0M | $350.9M | ||
| Q2 24 | $58.5M | $346.0M | ||
| Q1 24 | $60.6M | $340.6M |
| Q4 25 | $399.5M | $456.1M | ||
| Q3 25 | $363.1M | $462.6M | ||
| Q2 25 | $345.0M | $471.9M | ||
| Q1 25 | $364.2M | $421.9M | ||
| Q4 24 | $389.0M | $404.7M | ||
| Q3 24 | $351.5M | $422.6M | ||
| Q2 24 | $306.6M | $414.6M | ||
| Q1 24 | $295.5M | $397.2M |
| Q4 25 | 4.77× | — | ||
| Q3 25 | 7.39× | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 4.55× | — | ||
| Q4 24 | 3.77× | — | ||
| Q3 24 | 3.98× | — | ||
| Q2 24 | 4.04× | — | ||
| Q1 24 | 4.02× | — |
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 | $8.4M | $-701.0K |
| Free Cash FlowOCF − Capex | $8.1M | $-2.2M |
| FCF MarginFCF / Revenue | 9.1% | -1.4% |
| Capex IntensityCapex / Revenue | 0.4% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.27× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $43.0M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.4M | $-701.0K | ||
| Q3 25 | $16.6M | $-17.0M | ||
| Q2 25 | $-803.0K | $28.5M | ||
| Q1 25 | $19.7M | $-3.3M | ||
| Q4 24 | $-17.8M | $19.0M | ||
| Q3 24 | $3.0M | $16.2M | ||
| Q2 24 | $-2.7M | $18.8M | ||
| Q1 24 | $-4.6M | $1.4M |
| Q4 25 | $8.1M | $-2.2M | ||
| Q3 25 | $16.4M | $-18.7M | ||
| Q2 25 | $-969.0K | $26.9M | ||
| Q1 25 | $19.5M | $-5.5M | ||
| Q4 24 | $-18.3M | $16.3M | ||
| Q3 24 | $2.3M | $14.5M | ||
| Q2 24 | $-3.1M | $15.5M | ||
| Q1 24 | $-4.7M | $-580.0K |
| Q4 25 | 9.1% | -1.4% | ||
| Q3 25 | 22.9% | -10.6% | ||
| Q2 25 | -1.5% | 15.0% | ||
| Q1 25 | 40.8% | -3.5% | ||
| Q4 24 | -27.4% | 12.6% | ||
| Q3 24 | 4.8% | 10.8% | ||
| Q2 24 | -6.3% | 10.7% | ||
| Q1 24 | -13.6% | -0.5% |
| Q4 25 | 0.4% | 0.9% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | 0.4% | 1.4% | ||
| Q4 24 | 0.8% | 2.1% | ||
| Q3 24 | 1.2% | 1.3% | ||
| Q2 24 | 0.7% | 2.2% | ||
| Q1 24 | 0.3% | 1.5% |
| Q4 25 | 1.27× | -0.09× | ||
| Q3 25 | 16.26× | -1.17× | ||
| Q2 25 | -0.16× | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | -2.62× | 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
HROW
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
