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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and MATRIX SERVICE CO (MTRX). Click either name above to swap in a different company.
MATRIX SERVICE CO is the larger business by last-quarter revenue ($210.5M vs $159.9M, roughly 1.3× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -0.4%, a 5.2% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 12.5%). MATRIX SERVICE CO produced more free cash flow last quarter ($6.3M vs $-2.2M). Over the past eight quarters, MATRIX SERVICE CO's revenue compounded faster (12.6% 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.
Matrix Telecom, Inc., operating as Matrix Business Technologies, Trinsic, Powered by Matrix, Excel Telecommunications and various other niche brands is a United States telecommunications firm that provides voice and data services to consumers and small and medium businesses as well as multi-location distributed enterprise markets. The firm also provides wholesale voice services to the telecommunications, wireless and cable industries.
IIIN vs MTRX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $210.5M |
| Net Profit | $7.6M | $-894.0K |
| Gross Margin | 11.3% | 6.2% |
| Operating Margin | 6.0% | -1.0% |
| Net Margin | 4.7% | -0.4% |
| Revenue YoY | 23.3% | 12.5% |
| Net Profit YoY | 602.4% | 83.8% |
| EPS (diluted) | $0.39 | $-0.03 |
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 | $210.5M | ||
| Q3 25 | $177.4M | $211.9M | ||
| Q2 25 | $179.9M | $216.4M | ||
| Q1 25 | $160.7M | $200.2M | ||
| Q4 24 | $129.7M | $187.2M | ||
| Q3 24 | $134.3M | $165.6M | ||
| Q2 24 | $145.8M | $189.5M | ||
| Q1 24 | $127.4M | $166.0M |
| Q4 25 | $7.6M | $-894.0K | ||
| Q3 25 | $14.6M | $-3.7M | ||
| Q2 25 | $15.2M | $-11.3M | ||
| Q1 25 | $10.2M | $-3.4M | ||
| Q4 24 | $1.1M | $-5.5M | ||
| Q3 24 | $4.7M | $-9.2M | ||
| Q2 24 | $6.6M | $-4.4M | ||
| Q1 24 | $6.9M | $-14.6M |
| Q4 25 | 11.3% | 6.2% | ||
| Q3 25 | 16.1% | 6.7% | ||
| Q2 25 | 17.1% | 3.8% | ||
| Q1 25 | 15.3% | 6.4% | ||
| Q4 24 | 7.3% | 5.8% | ||
| Q3 24 | 9.1% | 4.7% | ||
| Q2 24 | 10.6% | 6.6% | ||
| Q1 24 | 12.3% | 3.4% |
| Q4 25 | 6.0% | -1.0% | ||
| Q3 25 | 10.8% | -2.6% | ||
| Q2 25 | 11.0% | -6.0% | ||
| Q1 25 | 8.3% | -2.5% | ||
| Q4 24 | 1.1% | -3.4% | ||
| Q3 24 | 4.5% | -6.5% | ||
| Q2 24 | 6.0% | -2.8% | ||
| Q1 24 | 7.0% | -8.7% |
| Q4 25 | 4.7% | -0.4% | ||
| Q3 25 | 8.2% | -1.7% | ||
| Q2 25 | 8.4% | -5.2% | ||
| Q1 25 | 6.4% | -1.7% | ||
| Q4 24 | 0.8% | -3.0% | ||
| Q3 24 | 3.5% | -5.6% | ||
| Q2 24 | 4.5% | -2.3% | ||
| Q1 24 | 5.4% | -8.8% |
| Q4 25 | $0.39 | $-0.03 | ||
| Q3 25 | $0.74 | $-0.13 | ||
| Q2 25 | $0.78 | $-0.41 | ||
| Q1 25 | $0.52 | $-0.12 | ||
| Q4 24 | $0.06 | $-0.20 | ||
| Q3 24 | $0.24 | $-0.33 | ||
| Q2 24 | $0.34 | $-0.16 | ||
| Q1 24 | $0.35 | $-0.53 |
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 | $199.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $137.6M |
| Total Assets | $456.1M | $650.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $199.0M | ||
| Q3 25 | $38.6M | $192.3M | ||
| Q2 25 | $53.7M | $224.6M | ||
| Q1 25 | $28.4M | $185.5M | ||
| Q4 24 | $36.0M | $156.8M | ||
| Q3 24 | $111.5M | $124.6M | ||
| Q2 24 | $97.7M | $115.6M | ||
| Q1 24 | $83.9M | $69.7M |
| Q4 25 | $358.8M | $137.6M | ||
| Q3 25 | $371.5M | $136.3M | ||
| Q2 25 | $356.2M | $142.7M | ||
| Q1 25 | $341.4M | $150.7M | ||
| Q4 24 | $331.6M | $151.9M | ||
| Q3 24 | $350.9M | $156.5M | ||
| Q2 24 | $346.0M | $164.2M | ||
| Q1 24 | $340.6M | $165.8M |
| Q4 25 | $456.1M | $650.2M | ||
| Q3 25 | $462.6M | $598.2M | ||
| Q2 25 | $471.9M | $600.3M | ||
| Q1 25 | $421.9M | $613.7M | ||
| Q4 24 | $404.7M | $513.8M | ||
| Q3 24 | $422.6M | $470.2M | ||
| Q2 24 | $414.6M | $451.4M | ||
| Q1 24 | $397.2M | $440.0M |
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 | $7.5M |
| Free Cash FlowOCF − Capex | $-2.2M | $6.3M |
| FCF MarginFCF / Revenue | -1.4% | 3.0% |
| Capex IntensityCapex / Revenue | 0.9% | 0.6% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $45.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $7.5M | ||
| Q3 25 | $-17.0M | $-25.9M | ||
| Q2 25 | $28.5M | $40.7M | ||
| Q1 25 | $-3.3M | $31.2M | ||
| Q4 24 | $19.0M | $33.6M | ||
| Q3 24 | $16.2M | $11.9M | ||
| Q2 24 | $18.8M | $47.0M | ||
| Q1 24 | $1.4M | $24.8M |
| Q4 25 | $-2.2M | $6.3M | ||
| Q3 25 | $-18.7M | $-27.9M | ||
| Q2 25 | $26.9M | $38.4M | ||
| Q1 25 | $-5.5M | $28.7M | ||
| Q4 24 | $16.3M | $32.7M | ||
| Q3 24 | $14.5M | $10.0M | ||
| Q2 24 | $15.5M | $45.7M | ||
| Q1 24 | $-580.0K | $20.0M |
| Q4 25 | -1.4% | 3.0% | ||
| Q3 25 | -10.6% | -13.2% | ||
| Q2 25 | 15.0% | 17.8% | ||
| Q1 25 | -3.5% | 14.3% | ||
| Q4 24 | 12.6% | 17.5% | ||
| Q3 24 | 10.8% | 6.0% | ||
| Q2 24 | 10.7% | 24.1% | ||
| Q1 24 | -0.5% | 12.1% |
| Q4 25 | 0.9% | 0.6% | ||
| Q3 25 | 1.0% | 0.9% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 1.3% | 1.2% | ||
| Q2 24 | 2.2% | 0.7% | ||
| Q1 24 | 1.5% | 2.9% |
| 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× | — | ||
| 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% |
MTRX
| Storage And Terminal Solutions | $99.9M | 47% |
| Utility And Power Infrastructure | $75.4M | 36% |
| Process And Industrial Facilities | $35.3M | 17% |
