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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $159.9M, roughly 1.2× INSTEEL INDUSTRIES INC). MOVADO GROUP INC runs the higher net margin — 5.1% vs 4.7%, a 0.4% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 1.9%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 2.9%).
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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
IIIN vs MOV — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $186.1M |
| Net Profit | $7.6M | $9.6M |
| Gross Margin | 11.3% | 54.3% |
| Operating Margin | 6.0% | 6.3% |
| Net Margin | 4.7% | 5.1% |
| Revenue YoY | 23.3% | 1.9% |
| Net Profit YoY | 602.4% | 89.8% |
| EPS (diluted) | $0.39 | $0.42 |
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 | $186.1M | ||
| Q3 25 | $177.4M | $161.8M | ||
| Q2 25 | $179.9M | $131.8M | ||
| Q1 25 | $160.7M | $181.5M | ||
| Q4 24 | $129.7M | $180.5M | ||
| Q3 24 | $134.3M | $157.0M | ||
| Q2 24 | $145.8M | $134.4M | ||
| Q1 24 | $127.4M | $175.8M |
| Q4 25 | $7.6M | $9.6M | ||
| Q3 25 | $14.6M | $3.0M | ||
| Q2 25 | $15.2M | $1.4M | ||
| Q1 25 | $10.2M | $8.1M | ||
| Q4 24 | $1.1M | $4.8M | ||
| Q3 24 | $4.7M | $3.5M | ||
| Q2 24 | $6.6M | $2.0M | ||
| Q1 24 | $6.9M | $9.8M |
| Q4 25 | 11.3% | 54.3% | ||
| Q3 25 | 16.1% | 54.1% | ||
| Q2 25 | 17.1% | 54.1% | ||
| Q1 25 | 15.3% | 54.2% | ||
| Q4 24 | 7.3% | 53.5% | ||
| Q3 24 | 9.1% | 54.3% | ||
| Q2 24 | 10.6% | 54.3% | ||
| Q1 24 | 12.3% | 53.5% |
| Q4 25 | 6.0% | 6.3% | ||
| Q3 25 | 10.8% | 2.5% | ||
| Q2 25 | 11.0% | 0.2% | ||
| Q1 25 | 8.3% | 5.1% | ||
| Q4 24 | 1.1% | 3.3% | ||
| Q3 24 | 4.5% | 1.7% | ||
| Q2 24 | 6.0% | 1.6% | ||
| Q1 24 | 7.0% | 6.1% |
| Q4 25 | 4.7% | 5.1% | ||
| Q3 25 | 8.2% | 1.8% | ||
| Q2 25 | 8.4% | 1.1% | ||
| Q1 25 | 6.4% | 4.4% | ||
| Q4 24 | 0.8% | 2.7% | ||
| Q3 24 | 3.5% | 2.2% | ||
| Q2 24 | 4.5% | 1.5% | ||
| Q1 24 | 5.4% | 5.6% |
| Q4 25 | $0.39 | $0.42 | ||
| Q3 25 | $0.74 | $0.13 | ||
| Q2 25 | $0.78 | $0.06 | ||
| Q1 25 | $0.52 | $0.36 | ||
| Q4 24 | $0.06 | $0.21 | ||
| Q3 24 | $0.24 | $0.15 | ||
| Q2 24 | $0.34 | $0.09 | ||
| Q1 24 | $0.35 | $0.44 |
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 | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $497.5M |
| Total Assets | $456.1M | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $183.9M | ||
| Q3 25 | $38.6M | $180.5M | ||
| Q2 25 | $53.7M | $203.1M | ||
| Q1 25 | $28.4M | $208.5M | ||
| Q4 24 | $36.0M | $181.5M | ||
| Q3 24 | $111.5M | $198.3M | ||
| Q2 24 | $97.7M | $225.4M | ||
| Q1 24 | $83.9M | $262.1M |
| Q4 25 | $358.8M | $497.5M | ||
| Q3 25 | $371.5M | $489.9M | ||
| Q2 25 | $356.2M | $493.2M | ||
| Q1 25 | $341.4M | $481.3M | ||
| Q4 24 | $331.6M | $491.3M | ||
| Q3 24 | $350.9M | $492.0M | ||
| Q2 24 | $346.0M | $489.6M | ||
| Q1 24 | $340.6M | $505.9M |
| Q4 25 | $456.1M | $751.9M | ||
| Q3 25 | $462.6M | $748.7M | ||
| Q2 25 | $471.9M | $747.2M | ||
| Q1 25 | $421.9M | $729.2M | ||
| Q4 24 | $404.7M | $747.2M | ||
| Q3 24 | $422.6M | $742.5M | ||
| Q2 24 | $414.6M | $736.0M | ||
| Q1 24 | $397.2M | $756.5M |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $-2.2M | $11.6M |
| FCF MarginFCF / Revenue | -1.4% | 6.2% |
| Capex IntensityCapex / Revenue | 0.9% | 0.4% |
| Cash ConversionOCF / Net Profit | -0.09× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $12.3M | ||
| Q3 25 | $-17.0M | $-3.8M | ||
| Q2 25 | $28.5M | $-7.2M | ||
| Q1 25 | $-3.3M | $39.1M | ||
| Q4 24 | $19.0M | $-4.7M | ||
| Q3 24 | $16.2M | $-17.8M | ||
| Q2 24 | $18.8M | $-18.1M | ||
| Q1 24 | $1.4M | $69.4M |
| Q4 25 | $-2.2M | $11.6M | ||
| Q3 25 | $-18.7M | $-5.1M | ||
| Q2 25 | $26.9M | $-8.7M | ||
| Q1 25 | $-5.5M | $37.5M | ||
| Q4 24 | $16.3M | $-7.2M | ||
| Q3 24 | $14.5M | $-20.1M | ||
| Q2 24 | $15.5M | $-19.7M | ||
| Q1 24 | $-580.0K | $67.8M |
| Q4 25 | -1.4% | 6.2% | ||
| Q3 25 | -10.6% | -3.1% | ||
| Q2 25 | 15.0% | -6.6% | ||
| Q1 25 | -3.5% | 20.7% | ||
| Q4 24 | 12.6% | -4.0% | ||
| Q3 24 | 10.8% | -12.8% | ||
| Q2 24 | 10.7% | -14.7% | ||
| Q1 24 | -0.5% | 38.6% |
| Q4 25 | 0.9% | 0.4% | ||
| Q3 25 | 1.0% | 0.8% | ||
| Q2 25 | 0.9% | 1.2% | ||
| Q1 25 | 1.4% | 0.9% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 1.3% | 1.5% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 1.5% | 0.9% |
| Q4 25 | -0.09× | 1.28× | ||
| Q3 25 | -1.17× | -1.27× | ||
| Q2 25 | 1.88× | -5.08× | ||
| Q1 25 | -0.32× | 4.86× | ||
| Q4 24 | 17.56× | -0.98× | ||
| Q3 24 | 3.48× | -5.14× | ||
| Q2 24 | 2.86× | -8.97× | ||
| Q1 24 | 0.20× | 7.06× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
