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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and NATURES SUNSHINE PRODUCTS INC (NATR). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $123.8M, roughly 1.3× NATURES SUNSHINE PRODUCTS INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 3.3%, a 1.4% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 4.7%). NATURES SUNSHINE PRODUCTS INC produced more free cash flow last quarter ($7.6M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 5.6%).
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.
Nature's Sunshine Products, Inc. also known as "NSP", is a manufacturer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.
IIIN vs NATR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $123.8M |
| Net Profit | $7.6M | $4.1M |
| Gross Margin | 11.3% | 72.5% |
| Operating Margin | 6.0% | 4.3% |
| Net Margin | 4.7% | 3.3% |
| Revenue YoY | 23.3% | 4.7% |
| Net Profit YoY | 602.4% | 1379.4% |
| EPS (diluted) | $0.39 | $0.23 |
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 | $123.8M | ||
| Q3 25 | $177.4M | $128.3M | ||
| Q2 25 | $179.9M | $114.8M | ||
| Q1 25 | $160.7M | $113.2M | ||
| Q4 24 | $129.7M | $118.2M | ||
| Q3 24 | $134.3M | $114.6M | ||
| Q2 24 | $145.8M | $110.6M | ||
| Q1 24 | $127.4M | $111.0M |
| Q4 25 | $7.6M | $4.1M | ||
| Q3 25 | $14.6M | $5.3M | ||
| Q2 25 | $15.2M | $5.3M | ||
| Q1 25 | $10.2M | $4.7M | ||
| Q4 24 | $1.1M | $-321.0K | ||
| Q3 24 | $4.7M | $4.3M | ||
| Q2 24 | $6.6M | $1.3M | ||
| Q1 24 | $6.9M | $2.3M |
| Q4 25 | 11.3% | 72.5% | ||
| Q3 25 | 16.1% | 73.3% | ||
| Q2 25 | 17.1% | 71.7% | ||
| Q1 25 | 15.3% | 72.1% | ||
| Q4 24 | 7.3% | 72.0% | ||
| Q3 24 | 9.1% | 71.3% | ||
| Q2 24 | 10.6% | 71.4% | ||
| Q1 24 | 12.3% | 71.2% |
| Q4 25 | 6.0% | 4.3% | ||
| Q3 25 | 10.8% | 7.0% | ||
| Q2 25 | 11.0% | 3.7% | ||
| Q1 25 | 8.3% | 5.4% | ||
| Q4 24 | 1.1% | 3.8% | ||
| Q3 24 | 4.5% | 4.6% | ||
| Q2 24 | 6.0% | 5.1% | ||
| Q1 24 | 7.0% | 4.2% |
| Q4 25 | 4.7% | 3.3% | ||
| Q3 25 | 8.2% | 4.2% | ||
| Q2 25 | 8.4% | 4.6% | ||
| Q1 25 | 6.4% | 4.2% | ||
| Q4 24 | 0.8% | -0.3% | ||
| Q3 24 | 3.5% | 3.8% | ||
| Q2 24 | 4.5% | 1.2% | ||
| Q1 24 | 5.4% | 2.1% |
| Q4 25 | $0.39 | $0.23 | ||
| Q3 25 | $0.74 | $0.30 | ||
| Q2 25 | $0.78 | $0.28 | ||
| Q1 25 | $0.52 | $0.25 | ||
| Q4 24 | $0.06 | $-0.02 | ||
| Q3 24 | $0.24 | $0.23 | ||
| Q2 24 | $0.34 | $0.07 | ||
| Q1 24 | $0.35 | $0.12 |
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 | $93.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $161.6M |
| Total Assets | $456.1M | $261.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $93.9M | ||
| Q3 25 | $38.6M | $95.6M | ||
| Q2 25 | $53.7M | $81.3M | ||
| Q1 25 | $28.4M | $86.5M | ||
| Q4 24 | $36.0M | $84.7M | ||
| Q3 24 | $111.5M | $78.7M | ||
| Q2 24 | $97.7M | $68.7M | ||
| Q1 24 | $83.9M | $77.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.1M |
| Q4 25 | $358.8M | $161.6M | ||
| Q3 25 | $371.5M | $166.7M | ||
| Q2 25 | $356.2M | $163.7M | ||
| Q1 25 | $341.4M | $167.1M | ||
| Q4 24 | $331.6M | $161.0M | ||
| Q3 24 | $350.9M | $162.6M | ||
| Q2 24 | $346.0M | $156.4M | ||
| Q1 24 | $340.6M | $159.7M |
| Q4 25 | $456.1M | $261.1M | ||
| Q3 25 | $462.6M | $264.8M | ||
| Q2 25 | $471.9M | $254.9M | ||
| Q1 25 | $421.9M | $252.7M | ||
| Q4 24 | $404.7M | $240.9M | ||
| Q3 24 | $422.6M | $245.3M | ||
| Q2 24 | $414.6M | $235.8M | ||
| Q1 24 | $397.2M | $247.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.01× |
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 | $9.9M |
| Free Cash FlowOCF − Capex | $-2.2M | $7.6M |
| FCF MarginFCF / Revenue | -1.4% | 6.1% |
| Capex IntensityCapex / Revenue | 0.9% | 1.9% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.41× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $28.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $9.9M | ||
| Q3 25 | $-17.0M | $18.5M | ||
| Q2 25 | $28.5M | $4.3M | ||
| Q1 25 | $-3.3M | $2.6M | ||
| Q4 24 | $19.0M | $12.2M | ||
| Q3 24 | $16.2M | $9.6M | ||
| Q2 24 | $18.8M | $1.3M | ||
| Q1 24 | $1.4M | $2.2M |
| Q4 25 | $-2.2M | $7.6M | ||
| Q3 25 | $-18.7M | $16.8M | ||
| Q2 25 | $26.9M | $3.0M | ||
| Q1 25 | $-5.5M | $1.5M | ||
| Q4 24 | $16.3M | $10.0M | ||
| Q3 24 | $14.5M | $7.9M | ||
| Q2 24 | $15.5M | $-2.0M | ||
| Q1 24 | $-580.0K | $-1.5M |
| Q4 25 | -1.4% | 6.1% | ||
| Q3 25 | -10.6% | 13.1% | ||
| Q2 25 | 15.0% | 2.6% | ||
| Q1 25 | -3.5% | 1.3% | ||
| Q4 24 | 12.6% | 8.5% | ||
| Q3 24 | 10.8% | 6.9% | ||
| Q2 24 | 10.7% | -1.9% | ||
| Q1 24 | -0.5% | -1.4% |
| Q4 25 | 0.9% | 1.9% | ||
| Q3 25 | 1.0% | 1.3% | ||
| Q2 25 | 0.9% | 1.2% | ||
| Q1 25 | 1.4% | 1.0% | ||
| Q4 24 | 2.1% | 1.9% | ||
| Q3 24 | 1.3% | 1.5% | ||
| Q2 24 | 2.2% | 3.0% | ||
| Q1 24 | 1.5% | 3.3% |
| Q4 25 | -0.09× | 2.41× | ||
| Q3 25 | -1.17× | 3.46× | ||
| Q2 25 | 1.88× | 0.81× | ||
| Q1 25 | -0.32× | 0.55× | ||
| Q4 24 | 17.56× | — | ||
| Q3 24 | 3.48× | 2.21× | ||
| Q2 24 | 2.86× | 0.97× | ||
| Q1 24 | 0.20× | 0.94× |
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% |
NATR
| Other | $68.1M | 55% |
| General Health Products | $20.2M | 16% |
| Digestive Products | $13.8M | 11% |
| Cardiovascular Products | $12.1M | 10% |
| Personal Care Products | $4.4M | 4% |
| Immunity Products | $3.1M | 3% |
| Weight Management Products | $2.1M | 2% |
