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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and MACERICH CO (MAC). Click either name above to swap in a different company.

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $159.9M, roughly 1.6× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -7.2%, a 11.9% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -4.4%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% 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.

The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

IIIN vs MAC — Head-to-Head

Bigger by revenue
MAC
MAC
1.6× larger
MAC
$261.7M
$159.9M
IIIN
Growing faster (revenue YoY)
IIIN
IIIN
+27.7% gap
IIIN
23.3%
-4.4%
MAC
Higher net margin
IIIN
IIIN
11.9% more per $
IIIN
4.7%
-7.2%
MAC
Faster 2-yr revenue CAGR
IIIN
IIIN
Annualised
IIIN
12.0%
12.0%
MAC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IIIN
IIIN
MAC
MAC
Revenue
$159.9M
$261.7M
Net Profit
$7.6M
$-18.8M
Gross Margin
11.3%
Operating Margin
6.0%
Net Margin
4.7%
-7.2%
Revenue YoY
23.3%
-4.4%
Net Profit YoY
602.4%
91.1%
EPS (diluted)
$0.39
$-0.08

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.

Revenue
IIIN
IIIN
MAC
MAC
Q4 25
$159.9M
$261.7M
Q3 25
$177.4M
$253.3M
Q2 25
$179.9M
$249.8M
Q1 25
$160.7M
$249.2M
Q4 24
$129.7M
$273.7M
Q3 24
$134.3M
$220.2M
Q2 24
$145.8M
$215.5M
Q1 24
$127.4M
$208.8M
Net Profit
IIIN
IIIN
MAC
MAC
Q4 25
$7.6M
$-18.8M
Q3 25
$14.6M
$-87.4M
Q2 25
$15.2M
$-40.9M
Q1 25
$10.2M
$-50.1M
Q4 24
$1.1M
$-211.2M
Q3 24
$4.7M
$-108.2M
Q2 24
$6.6M
$252.0M
Q1 24
$6.9M
$-126.7M
Gross Margin
IIIN
IIIN
MAC
MAC
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 24
12.3%
Operating Margin
IIIN
IIIN
MAC
MAC
Q4 25
6.0%
Q3 25
10.8%
Q2 25
11.0%
Q1 25
8.3%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
6.0%
Q1 24
7.0%
Net Margin
IIIN
IIIN
MAC
MAC
Q4 25
4.7%
-7.2%
Q3 25
8.2%
-34.5%
Q2 25
8.4%
-16.4%
Q1 25
6.4%
-20.1%
Q4 24
0.8%
-77.2%
Q3 24
3.5%
-49.1%
Q2 24
4.5%
116.9%
Q1 24
5.4%
-60.7%
EPS (diluted)
IIIN
IIIN
MAC
MAC
Q4 25
$0.39
$-0.08
Q3 25
$0.74
$-0.34
Q2 25
$0.78
$-0.16
Q1 25
$0.52
$-0.20
Q4 24
$0.06
$-0.95
Q3 24
$0.24
$-0.50
Q2 24
$0.34
$1.16
Q1 24
$0.35
$-0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IIIN
IIIN
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$15.6M
$280.2M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$358.8M
$2.4B
Total Assets
$456.1M
$8.4B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIIN
IIIN
MAC
MAC
Q4 25
$15.6M
$280.2M
Q3 25
$38.6M
$290.2M
Q2 25
$53.7M
$131.1M
Q1 25
$28.4M
$253.2M
Q4 24
$36.0M
$89.9M
Q3 24
$111.5M
$116.5M
Q2 24
$97.7M
$70.7M
Q1 24
$83.9M
$120.1M
Total Debt
IIIN
IIIN
MAC
MAC
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
Stockholders' Equity
IIIN
IIIN
MAC
MAC
Q4 25
$358.8M
$2.4B
Q3 25
$371.5M
$2.5B
Q2 25
$356.2M
$2.6B
Q1 25
$341.4M
$2.7B
Q4 24
$331.6M
$2.8B
Q3 24
$350.9M
$2.5B
Q2 24
$346.0M
$2.5B
Q1 24
$340.6M
$2.3B
Total Assets
IIIN
IIIN
MAC
MAC
Q4 25
$456.1M
$8.4B
Q3 25
$462.6M
$8.4B
Q2 25
$471.9M
$8.7B
Q1 25
$421.9M
$8.7B
Q4 24
$404.7M
$8.6B
Q3 24
$422.6M
$7.6B
Q2 24
$414.6M
$7.8B
Q1 24
$397.2M
$7.4B
Debt / Equity
IIIN
IIIN
MAC
MAC
Q4 25
2.07×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
1.78×
Q3 24
1.73×
Q2 24
1.75×
Q1 24
1.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IIIN
IIIN
MAC
MAC
Operating Cash FlowLast quarter
$-701.0K
$50.2M
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$439.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIIN
IIIN
MAC
MAC
Q4 25
$-701.0K
$50.2M
Q3 25
$-17.0M
$112.4M
Q2 25
$28.5M
$70.5M
Q1 25
$-3.3M
$88.5M
Q4 24
$19.0M
$54.9M
Q3 24
$16.2M
$100.0M
Q2 24
$18.8M
$67.4M
Q1 24
$1.4M
$61.1M
Free Cash Flow
IIIN
IIIN
MAC
MAC
Q4 25
$-2.2M
Q3 25
$-18.7M
Q2 25
$26.9M
Q1 25
$-5.5M
Q4 24
$16.3M
Q3 24
$14.5M
Q2 24
$15.5M
Q1 24
$-580.0K
FCF Margin
IIIN
IIIN
MAC
MAC
Q4 25
-1.4%
Q3 25
-10.6%
Q2 25
15.0%
Q1 25
-3.5%
Q4 24
12.6%
Q3 24
10.8%
Q2 24
10.7%
Q1 24
-0.5%
Capex Intensity
IIIN
IIIN
MAC
MAC
Q4 25
0.9%
Q3 25
1.0%
Q2 25
0.9%
Q1 25
1.4%
Q4 24
2.1%
Q3 24
1.3%
Q2 24
2.2%
Q1 24
1.5%
Cash Conversion
IIIN
IIIN
MAC
MAC
Q4 25
-0.09×
Q3 25
-1.17×
Q2 25
1.88×
Q1 25
-0.32×
Q4 24
17.56×
Q3 24
3.48×
Q2 24
2.86×
0.27×
Q1 24
0.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IIIN
IIIN

Welded Wire Reinforcement$108.4M68%
PC Strand$51.6M32%

MAC
MAC

Segment breakdown not available.

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