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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $159.9M, roughly 1.3× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 2.7%, a 2.1% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 23.3%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-2.2M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 12.0%).
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.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
IIIN vs IRTC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $208.9M |
| Net Profit | $7.6M | $5.6M |
| Gross Margin | 11.3% | 70.9% |
| Operating Margin | 6.0% | 1.1% |
| Net Margin | 4.7% | 2.7% |
| Revenue YoY | 23.3% | 27.1% |
| Net Profit YoY | 602.4% | 518.5% |
| EPS (diluted) | $0.39 | $0.18 |
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 | $159.9M | $208.9M | ||
| Q3 25 | $177.4M | $192.9M | ||
| Q2 25 | $179.9M | $186.7M | ||
| Q1 25 | $160.7M | $158.7M | ||
| Q4 24 | $129.7M | $164.3M | ||
| Q3 24 | $134.3M | $147.5M | ||
| Q2 24 | $145.8M | $148.0M | ||
| Q1 24 | $127.4M | $131.9M |
| Q4 25 | $7.6M | $5.6M | ||
| Q3 25 | $14.6M | $-5.2M | ||
| Q2 25 | $15.2M | $-14.2M | ||
| Q1 25 | $10.2M | $-30.7M | ||
| Q4 24 | $1.1M | $-1.3M | ||
| Q3 24 | $4.7M | $-46.2M | ||
| Q2 24 | $6.6M | $-20.1M | ||
| Q1 24 | $6.9M | $-45.7M |
| Q4 25 | 11.3% | 70.9% | ||
| Q3 25 | 16.1% | 71.1% | ||
| Q2 25 | 17.1% | 71.2% | ||
| Q1 25 | 15.3% | 68.8% | ||
| Q4 24 | 7.3% | 70.0% | ||
| Q3 24 | 9.1% | 68.8% | ||
| Q2 24 | 10.6% | 69.9% | ||
| Q1 24 | 12.3% | 66.3% |
| Q4 25 | 6.0% | 1.1% | ||
| Q3 25 | 10.8% | -4.4% | ||
| Q2 25 | 11.0% | -10.0% | ||
| Q1 25 | 8.3% | -20.5% | ||
| Q4 24 | 1.1% | -2.5% | ||
| Q3 24 | 4.5% | -34.1% | ||
| Q2 24 | 6.0% | -15.5% | ||
| Q1 24 | 7.0% | -28.9% |
| Q4 25 | 4.7% | 2.7% | ||
| Q3 25 | 8.2% | -2.7% | ||
| Q2 25 | 8.4% | -7.6% | ||
| Q1 25 | 6.4% | -19.3% | ||
| Q4 24 | 0.8% | -0.8% | ||
| Q3 24 | 3.5% | -31.3% | ||
| Q2 24 | 4.5% | -13.6% | ||
| Q1 24 | 5.4% | -34.6% |
| Q4 25 | $0.39 | $0.18 | ||
| Q3 25 | $0.74 | $-0.16 | ||
| Q2 25 | $0.78 | $-0.44 | ||
| Q1 25 | $0.52 | $-0.97 | ||
| Q4 24 | $0.06 | $-0.03 | ||
| Q3 24 | $0.24 | $-1.48 | ||
| Q2 24 | $0.34 | $-0.65 | ||
| Q1 24 | $0.35 | $-1.47 |
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 | $583.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $152.7M |
| Total Assets | $456.1M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $583.8M | ||
| Q3 25 | $38.6M | $565.2M | ||
| Q2 25 | $53.7M | $545.5M | ||
| Q1 25 | $28.4M | $520.6M | ||
| Q4 24 | $36.0M | $535.6M | ||
| Q3 24 | $111.5M | $522.0M | ||
| Q2 24 | $97.7M | $561.5M | ||
| Q1 24 | $83.9M | $569.1M |
| Q4 25 | $358.8M | $152.7M | ||
| Q3 25 | $371.5M | $121.9M | ||
| Q2 25 | $356.2M | $103.7M | ||
| Q1 25 | $341.4M | $86.7M | ||
| Q4 24 | $331.6M | $90.9M | ||
| Q3 24 | $350.9M | $71.8M | ||
| Q2 24 | $346.0M | $99.2M | ||
| Q1 24 | $340.6M | $90.3M |
| Q4 25 | $456.1M | $1.0B | ||
| Q3 25 | $462.6M | $995.2M | ||
| Q2 25 | $471.9M | $964.0M | ||
| Q1 25 | $421.9M | $926.1M | ||
| Q4 24 | $404.7M | $931.4M | ||
| Q3 24 | $422.6M | $909.7M | ||
| Q2 24 | $414.6M | $919.2M | ||
| Q1 24 | $397.2M | $909.8M |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $-2.2M | $14.5M |
| FCF MarginFCF / Revenue | -1.4% | 6.9% |
| Capex IntensityCapex / Revenue | 0.9% | 5.6% |
| Cash ConversionOCF / Net Profit | -0.09× | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $26.2M | ||
| Q3 25 | $-17.0M | $34.9M | ||
| Q2 25 | $28.5M | $27.7M | ||
| Q1 25 | $-3.3M | $-7.9M | ||
| Q4 24 | $19.0M | $19.2M | ||
| Q3 24 | $16.2M | $24.3M | ||
| Q2 24 | $18.8M | $11.8M | ||
| Q1 24 | $1.4M | $-52.0M |
| Q4 25 | $-2.2M | $14.5M | ||
| Q3 25 | $-18.7M | $20.1M | ||
| Q2 25 | $26.9M | $17.3M | ||
| Q1 25 | $-5.5M | $-17.3M | ||
| Q4 24 | $16.3M | $12.4M | ||
| Q3 24 | $14.5M | $15.5M | ||
| Q2 24 | $15.5M | $3.4M | ||
| Q1 24 | $-580.0K | $-61.8M |
| Q4 25 | -1.4% | 6.9% | ||
| Q3 25 | -10.6% | 10.4% | ||
| Q2 25 | 15.0% | 9.3% | ||
| Q1 25 | -3.5% | -10.9% | ||
| Q4 24 | 12.6% | 7.5% | ||
| Q3 24 | 10.8% | 10.5% | ||
| Q2 24 | 10.7% | 2.3% | ||
| Q1 24 | -0.5% | -46.8% |
| Q4 25 | 0.9% | 5.6% | ||
| Q3 25 | 1.0% | 7.7% | ||
| Q2 25 | 0.9% | 5.6% | ||
| Q1 25 | 1.4% | 5.9% | ||
| Q4 24 | 2.1% | 4.2% | ||
| Q3 24 | 1.3% | 6.0% | ||
| Q2 24 | 2.2% | 5.7% | ||
| Q1 24 | 1.5% | 7.4% |
| Q4 25 | -0.09× | 4.70× | ||
| Q3 25 | -1.17× | — | ||
| Q2 25 | 1.88× | — | ||
| Q1 25 | -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
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
