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Side-by-side financial comparison of IHS Holding Ltd (IHS) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $159.9M, roughly 1.6× INSTEEL INDUSTRIES INC). On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -22.0%).
IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-largest independent multinational tower company in the world.
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.
IHS vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $159.9M |
| Net Profit | — | $7.6M |
| Gross Margin | 83.6% | 11.3% |
| Operating Margin | — | 6.0% |
| Net Margin | — | 4.7% |
| Revenue YoY | 0.1% | 23.3% |
| Net Profit YoY | — | 602.4% |
| EPS (diluted) | — | $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 | $254.0M | $159.9M | ||
| Q3 25 | $455.1M | $177.4M | ||
| Q2 25 | $433.3M | $179.9M | ||
| Q1 25 | $439.6M | $160.7M | ||
| Q4 24 | $253.8M | $129.7M | ||
| Q3 24 | $420.3M | $134.3M | ||
| Q2 24 | $435.4M | $145.8M | ||
| Q1 24 | $417.7M | $127.4M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $147.4M | $14.6M | ||
| Q2 25 | $32.3M | $15.2M | ||
| Q1 25 | $30.7M | $10.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $-205.7M | $4.7M | ||
| Q2 24 | $-124.3M | $6.6M | ||
| Q1 24 | $-1.6B | $6.9M |
| Q4 25 | 83.6% | 11.3% | ||
| Q3 25 | 47.5% | 16.1% | ||
| Q2 25 | 51.3% | 17.1% | ||
| Q1 25 | 51.4% | 15.3% | ||
| Q4 24 | 72.1% | 7.3% | ||
| Q3 24 | 52.0% | 9.1% | ||
| Q2 24 | 52.5% | 10.6% | ||
| Q1 24 | 39.1% | 12.3% |
| Q4 25 | — | 6.0% | ||
| Q3 25 | 35.1% | 10.8% | ||
| Q2 25 | 33.8% | 11.0% | ||
| Q1 25 | 37.1% | 8.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 29.9% | 4.5% | ||
| Q2 24 | 34.0% | 6.0% | ||
| Q1 24 | -1.7% | 7.0% |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 32.4% | 8.2% | ||
| Q2 25 | 7.5% | 8.4% | ||
| Q1 25 | 7.0% | 6.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | -48.9% | 3.5% | ||
| Q2 24 | -28.5% | 4.5% | ||
| Q1 24 | -372.8% | 5.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $0.44 | $0.74 | ||
| Q2 25 | $0.10 | $0.78 | ||
| Q1 25 | $0.10 | $0.52 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $-0.61 | $0.24 | ||
| Q2 24 | $-0.36 | $0.34 | ||
| Q1 24 | $-4.67 | $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 | $825.7M | $15.6M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | $358.8M |
| Total Assets | $4.5B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | $15.6M | ||
| Q3 25 | $647.6M | $38.6M | ||
| Q2 25 | $531.8M | $53.7M | ||
| Q1 25 | $629.0M | $28.4M | ||
| Q4 24 | $578.0M | $36.0M | ||
| Q3 24 | $397.5M | $111.5M | ||
| Q2 24 | $445.7M | $97.7M | ||
| Q1 24 | $333.2M | $83.9M |
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.5B | — |
| Q4 25 | $-89.8M | $358.8M | ||
| Q3 25 | $38.1M | $371.5M | ||
| Q2 25 | $-98.4M | $356.2M | ||
| Q1 25 | $-184.4M | $341.4M | ||
| Q4 24 | $-314.4M | $331.6M | ||
| Q3 24 | $-284.7M | $350.9M | ||
| Q2 24 | $-308.3M | $346.0M | ||
| Q1 24 | $-163.2M | $340.6M |
| Q4 25 | $4.5B | $456.1M | ||
| Q3 25 | $4.7B | $462.6M | ||
| Q2 25 | $4.5B | $471.9M | ||
| Q1 25 | $4.4B | $421.9M | ||
| Q4 24 | $4.2B | $404.7M | ||
| Q3 24 | $4.6B | $422.6M | ||
| Q2 24 | $4.5B | $414.6M | ||
| Q1 24 | $4.6B | $397.2M |
| Q4 25 | — | — | ||
| Q3 25 | 85.85× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $246.9M | $-701.0K |
| Free Cash FlowOCF − Capex | $178.6M | $-2.2M |
| FCF MarginFCF / Revenue | 70.3% | -1.4% |
| Capex IntensityCapex / Revenue | 26.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $-701.0K | ||
| Q3 25 | $251.3M | $-17.0M | ||
| Q2 25 | $237.7M | $28.5M | ||
| Q1 25 | $200.3M | $-3.3M | ||
| Q4 24 | $344.4M | $19.0M | ||
| Q3 24 | $174.5M | $16.2M | ||
| Q2 24 | $134.7M | $18.8M | ||
| Q1 24 | $75.8M | $1.4M |
| Q4 25 | $178.6M | $-2.2M | ||
| Q3 25 | $189.2M | $-18.7M | ||
| Q2 25 | $197.7M | $26.9M | ||
| Q1 25 | $153.2M | $-5.5M | ||
| Q4 24 | $282.9M | $16.3M | ||
| Q3 24 | $122.3M | $14.5M | ||
| Q2 24 | $74.2M | $15.5M | ||
| Q1 24 | $14.8M | $-580.0K |
| Q4 25 | 70.3% | -1.4% | ||
| Q3 25 | 41.6% | -10.6% | ||
| Q2 25 | 45.6% | 15.0% | ||
| Q1 25 | 34.8% | -3.5% | ||
| Q4 24 | 111.5% | 12.6% | ||
| Q3 24 | 29.1% | 10.8% | ||
| Q2 24 | 17.0% | 10.7% | ||
| Q1 24 | 3.5% | -0.5% |
| Q4 25 | 26.9% | 0.9% | ||
| Q3 25 | 13.6% | 1.0% | ||
| Q2 25 | 9.2% | 0.9% | ||
| Q1 25 | 10.7% | 1.4% | ||
| Q4 24 | 24.2% | 2.1% | ||
| Q3 24 | 12.4% | 1.3% | ||
| Q2 24 | 13.9% | 2.2% | ||
| Q1 24 | 14.6% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | 1.70× | -1.17× | ||
| Q2 25 | 7.36× | 1.88× | ||
| Q1 25 | 6.52× | -0.32× | ||
| Q4 24 | — | 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
IHS
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
