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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $159.9M, roughly 1.2× INSTEEL INDUSTRIES INC). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 4.7%, a 1.8% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 23.3%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-2.2M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% 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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
IIIN vs LMB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $186.9M |
| Net Profit | $7.6M | $12.3M |
| Gross Margin | 11.3% | 25.7% |
| Operating Margin | 6.0% | 9.4% |
| Net Margin | 4.7% | 6.6% |
| Revenue YoY | 23.3% | 30.1% |
| Net Profit YoY | 602.4% | 25.0% |
| EPS (diluted) | $0.39 | $1.01 |
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 | $186.9M | ||
| Q3 25 | $177.4M | $184.6M | ||
| Q2 25 | $179.9M | $142.2M | ||
| Q1 25 | $160.7M | $133.1M | ||
| Q4 24 | $129.7M | $143.7M | ||
| Q3 24 | $134.3M | $133.9M | ||
| Q2 24 | $145.8M | $122.2M | ||
| Q1 24 | $127.4M | $119.0M |
| Q4 25 | $7.6M | $12.3M | ||
| Q3 25 | $14.6M | $8.8M | ||
| Q2 25 | $15.2M | $7.8M | ||
| Q1 25 | $10.2M | $10.2M | ||
| Q4 24 | $1.1M | $9.8M | ||
| Q3 24 | $4.7M | $7.5M | ||
| Q2 24 | $6.6M | $6.0M | ||
| Q1 24 | $6.9M | $7.6M |
| Q4 25 | 11.3% | 25.7% | ||
| Q3 25 | 16.1% | 24.2% | ||
| Q2 25 | 17.1% | 28.0% | ||
| Q1 25 | 15.3% | 27.6% | ||
| Q4 24 | 7.3% | 30.3% | ||
| Q3 24 | 9.1% | 27.0% | ||
| Q2 24 | 10.6% | 27.4% | ||
| Q1 24 | 12.3% | 26.1% |
| Q4 25 | 6.0% | 9.4% | ||
| Q3 25 | 10.8% | 7.2% | ||
| Q2 25 | 11.0% | 7.5% | ||
| Q1 25 | 8.3% | 5.9% | ||
| Q4 24 | 1.1% | 9.1% | ||
| Q3 24 | 4.5% | 8.1% | ||
| Q2 24 | 6.0% | 6.7% | ||
| Q1 24 | 7.0% | 5.5% |
| Q4 25 | 4.7% | 6.6% | ||
| Q3 25 | 8.2% | 4.8% | ||
| Q2 25 | 8.4% | 5.5% | ||
| Q1 25 | 6.4% | 7.7% | ||
| Q4 24 | 0.8% | 6.9% | ||
| Q3 24 | 3.5% | 5.6% | ||
| Q2 24 | 4.5% | 4.9% | ||
| Q1 24 | 5.4% | 6.4% |
| Q4 25 | $0.39 | $1.01 | ||
| Q3 25 | $0.74 | $0.73 | ||
| Q2 25 | $0.78 | $0.64 | ||
| Q1 25 | $0.52 | $0.85 | ||
| Q4 24 | $0.06 | $0.81 | ||
| Q3 24 | $0.24 | $0.62 | ||
| Q2 24 | $0.34 | $0.50 | ||
| Q1 24 | $0.35 | $0.64 |
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 | $11.3M |
| Total DebtLower is stronger | — | $30.5M |
| Stockholders' EquityBook value | $358.8M | $195.7M |
| Total Assets | $456.1M | $381.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $11.3M | ||
| Q3 25 | $38.6M | $9.8M | ||
| Q2 25 | $53.7M | $38.9M | ||
| Q1 25 | $28.4M | $38.1M | ||
| Q4 24 | $36.0M | $44.9M | ||
| Q3 24 | $111.5M | $51.2M | ||
| Q2 24 | $97.7M | $59.5M | ||
| Q1 24 | $83.9M | $48.2M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $19.4M |
| Q4 25 | $358.8M | $195.7M | ||
| Q3 25 | $371.5M | $181.6M | ||
| Q2 25 | $356.2M | $170.5M | ||
| Q1 25 | $341.4M | $161.1M | ||
| Q4 24 | $331.6M | $153.5M | ||
| Q3 24 | $350.9M | $142.2M | ||
| Q2 24 | $346.0M | $133.0M | ||
| Q1 24 | $340.6M | $125.5M |
| Q4 25 | $456.1M | $381.1M | ||
| Q3 25 | $462.6M | $409.1M | ||
| Q2 25 | $471.9M | $343.0M | ||
| Q1 25 | $421.9M | $336.4M | ||
| Q4 24 | $404.7M | $352.1M | ||
| Q3 24 | $422.6M | $324.4M | ||
| Q2 24 | $414.6M | $303.9M | ||
| Q1 24 | $397.2M | $289.2M |
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $28.1M |
| Free Cash FlowOCF − Capex | $-2.2M | $27.9M |
| FCF MarginFCF / Revenue | -1.4% | 14.9% |
| Capex IntensityCapex / Revenue | 0.9% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $28.1M | ||
| Q3 25 | $-17.0M | $13.3M | ||
| Q2 25 | $28.5M | $2.0M | ||
| Q1 25 | $-3.3M | $2.2M | ||
| Q4 24 | $19.0M | $19.3M | ||
| Q3 24 | $16.2M | $4.9M | ||
| Q2 24 | $18.8M | $16.5M | ||
| Q1 24 | $1.4M | $-3.9M |
| Q4 25 | $-2.2M | $27.9M | ||
| Q3 25 | $-18.7M | $12.8M | ||
| Q2 25 | $26.9M | $1.2M | ||
| Q1 25 | $-5.5M | $11.0K | ||
| Q4 24 | $16.3M | $18.0M | ||
| Q3 24 | $14.5M | $4.6M | ||
| Q2 24 | $15.5M | $13.2M | ||
| Q1 24 | $-580.0K | $-6.5M |
| Q4 25 | -1.4% | 14.9% | ||
| Q3 25 | -10.6% | 7.0% | ||
| Q2 25 | 15.0% | 0.8% | ||
| Q1 25 | -3.5% | 0.0% | ||
| Q4 24 | 12.6% | 12.5% | ||
| Q3 24 | 10.8% | 3.4% | ||
| Q2 24 | 10.7% | 10.8% | ||
| Q1 24 | -0.5% | -5.5% |
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 1.0% | 0.3% | ||
| Q2 25 | 0.9% | 0.6% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | 2.1% | 0.9% | ||
| Q3 24 | 1.3% | 0.3% | ||
| Q2 24 | 2.2% | 2.7% | ||
| Q1 24 | 1.5% | 2.1% |
| Q4 25 | -0.09× | 2.29× | ||
| Q3 25 | -1.17× | 1.52× | ||
| Q2 25 | 1.88× | 0.26× | ||
| Q1 25 | -0.32× | 0.22× | ||
| Q4 24 | 17.56× | 1.96× | ||
| Q3 24 | 3.48× | 0.66× | ||
| Q2 24 | 2.86× | 2.77× | ||
| Q1 24 | 0.20× | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
