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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $159.9M, roughly 1.4× INSTEEL INDUSTRIES INC). Iridium Communications Inc. runs the higher net margin — 9.9% vs 4.7%, a 5.1% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 1.9%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 4.4%).
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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
IIIN vs IRDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $219.1M |
| Net Profit | $7.6M | $21.6M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | 23.2% |
| Net Margin | 4.7% | 9.9% |
| Revenue YoY | 23.3% | 1.9% |
| 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.
| Q1 26 | — | $219.1M | ||
| Q4 25 | $159.9M | $212.9M | ||
| Q3 25 | $177.4M | $226.9M | ||
| Q2 25 | $179.9M | $216.9M | ||
| Q1 25 | $160.7M | $214.9M | ||
| Q4 24 | $129.7M | $213.0M | ||
| Q3 24 | $134.3M | $212.8M | ||
| Q2 24 | $145.8M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $7.6M | $24.9M | ||
| Q3 25 | $14.6M | $37.1M | ||
| Q2 25 | $15.2M | $22.0M | ||
| Q1 25 | $10.2M | $30.4M | ||
| Q4 24 | $1.1M | $36.3M | ||
| Q3 24 | $4.7M | $24.4M | ||
| Q2 24 | $6.6M | $32.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 23.2% | ||
| Q4 25 | 6.0% | 25.9% | ||
| Q3 25 | 10.8% | 30.9% | ||
| Q2 25 | 11.0% | 23.2% | ||
| Q1 25 | 8.3% | 28.1% | ||
| Q4 24 | 1.1% | 24.5% | ||
| Q3 24 | 4.5% | 25.8% | ||
| Q2 24 | 6.0% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 4.7% | 11.7% | ||
| Q3 25 | 8.2% | 16.4% | ||
| Q2 25 | 8.4% | 10.1% | ||
| Q1 25 | 6.4% | 14.2% | ||
| Q4 24 | 0.8% | 17.1% | ||
| Q3 24 | 3.5% | 11.5% | ||
| Q2 24 | 4.5% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $0.24 | ||
| Q3 25 | $0.74 | $0.35 | ||
| Q2 25 | $0.78 | $0.20 | ||
| Q1 25 | $0.52 | $0.27 | ||
| Q4 24 | $0.06 | $0.30 | ||
| Q3 24 | $0.24 | $0.21 | ||
| Q2 24 | $0.34 | $0.27 |
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 | — | — |
| Stockholders' EquityBook value | $358.8M | — |
| Total Assets | $456.1M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $15.6M | $96.5M | ||
| Q3 25 | $38.6M | $88.5M | ||
| Q2 25 | $53.7M | $79.3M | ||
| Q1 25 | $28.4M | $50.9M | ||
| Q4 24 | $36.0M | $93.5M | ||
| Q3 24 | $111.5M | $159.6M | ||
| Q2 24 | $97.7M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $358.8M | $462.6M | ||
| Q3 25 | $371.5M | $450.5M | ||
| Q2 25 | $356.2M | $473.6M | ||
| Q1 25 | $341.4M | $518.4M | ||
| Q4 24 | $331.6M | $576.6M | ||
| Q3 24 | $350.9M | $663.8M | ||
| Q2 24 | $346.0M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $456.1M | $2.5B | ||
| Q3 25 | $462.6M | $2.6B | ||
| Q2 25 | $471.9M | $2.6B | ||
| Q1 25 | $421.9M | $2.6B | ||
| Q4 24 | $404.7M | $2.7B | ||
| Q3 24 | $422.6M | $2.8B | ||
| Q2 24 | $414.6M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 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 | $-701.0K | — |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -1.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | 13.7% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-701.0K | $108.6M | ||
| Q3 25 | $-17.0M | $100.8M | ||
| Q2 25 | $28.5M | $129.6M | ||
| Q1 25 | $-3.3M | $61.1M | ||
| Q4 24 | $19.0M | $104.8M | ||
| Q3 24 | $16.2M | $118.6M | ||
| Q2 24 | $18.8M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $75.1M | ||
| Q3 25 | $-18.7M | $79.2M | ||
| Q2 25 | $26.9M | $108.9M | ||
| Q1 25 | $-5.5M | $36.5M | ||
| Q4 24 | $16.3M | $80.5M | ||
| Q3 24 | $14.5M | $100.0M | ||
| Q2 24 | $15.5M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | 35.3% | ||
| Q3 25 | -10.6% | 34.9% | ||
| Q2 25 | 15.0% | 50.2% | ||
| Q1 25 | -3.5% | 17.0% | ||
| Q4 24 | 12.6% | 37.8% | ||
| Q3 24 | 10.8% | 47.0% | ||
| Q2 24 | 10.7% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.9% | 15.7% | ||
| Q3 25 | 1.0% | 9.5% | ||
| Q2 25 | 0.9% | 9.5% | ||
| Q1 25 | 1.4% | 11.4% | ||
| Q4 24 | 2.1% | 11.4% | ||
| Q3 24 | 1.3% | 8.7% | ||
| Q2 24 | 2.2% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | 4.37× | ||
| Q3 25 | -1.17× | 2.71× | ||
| Q2 25 | 1.88× | 5.90× | ||
| Q1 25 | -0.32× | 2.01× | ||
| Q4 24 | 17.56× | 2.88× | ||
| Q3 24 | 3.48× | 4.85× | ||
| Q2 24 | 2.86× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
