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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.
Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). Merchants Bancorp runs the higher net margin — 38.6% vs 4.7%, a 33.9% gap on every dollar of revenue. Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 4.8%).
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.
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
IIIN vs MBIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $175.2M |
| Net Profit | $7.6M | $67.7M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | — |
| Net Margin | 4.7% | 38.6% |
| Revenue YoY | 23.3% | — |
| Net Profit YoY | 602.4% | 16.3% |
| EPS (diluted) | $0.39 | $1.25 |
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 | — | $175.2M | ||
| Q4 25 | $159.9M | $185.3M | ||
| Q3 25 | $177.4M | $171.1M | ||
| Q2 25 | $179.9M | $179.2M | ||
| Q1 25 | $160.7M | $145.9M | ||
| Q4 24 | $129.7M | $193.8M | ||
| Q3 24 | $134.3M | $149.6M | ||
| Q2 24 | $145.8M | $159.5M |
| Q1 26 | — | $67.7M | ||
| Q4 25 | $7.6M | — | ||
| Q3 25 | $14.6M | $54.7M | ||
| Q2 25 | $15.2M | $38.0M | ||
| Q1 25 | $10.2M | $58.2M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $4.7M | $61.3M | ||
| Q2 24 | $6.6M | $76.4M |
| 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 | — | — | ||
| Q4 25 | 6.0% | 39.9% | ||
| Q3 25 | 10.8% | 37.8% | ||
| Q2 25 | 11.0% | 27.3% | ||
| Q1 25 | 8.3% | 52.4% | ||
| Q4 24 | 1.1% | 66.0% | ||
| Q3 24 | 4.5% | 54.4% | ||
| Q2 24 | 6.0% | 62.2% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 8.2% | 32.0% | ||
| Q2 25 | 8.4% | 21.2% | ||
| Q1 25 | 6.4% | 39.9% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 3.5% | 41.0% | ||
| Q2 24 | 4.5% | 47.9% |
| Q1 26 | — | $1.25 | ||
| Q4 25 | $0.39 | $1.28 | ||
| Q3 25 | $0.74 | $0.97 | ||
| Q2 25 | $0.78 | $0.60 | ||
| Q1 25 | $0.52 | $0.93 | ||
| Q4 24 | $0.06 | $1.84 | ||
| Q3 24 | $0.24 | $1.17 | ||
| Q2 24 | $0.34 | $1.49 |
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 | $83.2M |
| Total DebtLower is stronger | — | $32.0M |
| Stockholders' EquityBook value | $358.8M | $2.3B |
| Total Assets | $456.1M | $20.3B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $83.2M | ||
| Q4 25 | $15.6M | — | ||
| Q3 25 | $38.6M | — | ||
| Q2 25 | $53.7M | — | ||
| Q1 25 | $28.4M | — | ||
| Q4 24 | $36.0M | — | ||
| Q3 24 | $111.5M | — | ||
| Q2 24 | $97.7M | — |
| Q1 26 | — | $32.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $358.8M | $2.3B | ||
| Q3 25 | $371.5M | $2.2B | ||
| Q2 25 | $356.2M | $2.2B | ||
| Q1 25 | $341.4M | $2.2B | ||
| Q4 24 | $331.6M | $2.2B | ||
| Q3 24 | $350.9M | $1.9B | ||
| Q2 24 | $346.0M | $1.9B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $456.1M | $19.4B | ||
| Q3 25 | $462.6M | $19.4B | ||
| Q2 25 | $471.9M | $19.1B | ||
| Q1 25 | $421.9M | $18.8B | ||
| Q4 24 | $404.7M | $18.8B | ||
| Q3 24 | $422.6M | $18.7B | ||
| Q2 24 | $414.6M | $18.2B |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% | — |
| 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 | $-341.2M | ||
| Q3 25 | $-17.0M | $29.8M | ||
| Q2 25 | $28.5M | $-121.2M | ||
| Q1 25 | $-3.3M | $148.0M | ||
| Q4 24 | $19.0M | $-835.3M | ||
| Q3 24 | $16.2M | $-492.6M | ||
| Q2 24 | $18.8M | $51.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $-362.2M | ||
| Q3 25 | $-18.7M | $24.0M | ||
| Q2 25 | $26.9M | $-125.7M | ||
| Q1 25 | $-5.5M | $141.2M | ||
| Q4 24 | $16.3M | $-853.7M | ||
| Q3 24 | $14.5M | $-497.2M | ||
| Q2 24 | $15.5M | $45.8M |
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | -195.5% | ||
| Q3 25 | -10.6% | 14.0% | ||
| Q2 25 | 15.0% | -70.1% | ||
| Q1 25 | -3.5% | 96.8% | ||
| Q4 24 | 12.6% | -440.6% | ||
| Q3 24 | 10.8% | -332.4% | ||
| Q2 24 | 10.7% | 28.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 11.3% | ||
| Q3 25 | 1.0% | 3.4% | ||
| Q2 25 | 0.9% | 2.5% | ||
| Q1 25 | 1.4% | 4.7% | ||
| Q4 24 | 2.1% | 9.5% | ||
| Q3 24 | 1.3% | 3.0% | ||
| Q2 24 | 2.2% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | — | ||
| Q3 25 | -1.17× | 0.54× | ||
| Q2 25 | 1.88× | -3.19× | ||
| Q1 25 | -0.32× | 2.54× | ||
| Q4 24 | 17.56× | — | ||
| Q3 24 | 3.48× | -8.04× | ||
| Q2 24 | 2.86× | 0.67× |
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% |
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
