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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and NNN REIT, INC. (NNN). Click either name above to swap in a different company.
NNN REIT, INC. is the larger business by last-quarter revenue ($238.4M vs $159.9M, roughly 1.5× INSTEEL INDUSTRIES INC). NNN REIT, INC. runs the higher net margin — 40.2% vs 4.7%, a 35.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 9.1%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 5.2%).
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.
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
IIIN vs NNN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $238.4M |
| Net Profit | $7.6M | $96.0M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | 62.3% |
| Net Margin | 4.7% | 40.2% |
| Revenue YoY | 23.3% | 9.1% |
| Net Profit YoY | 602.4% | -2.0% |
| EPS (diluted) | $0.39 | $0.51 |
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 | $238.4M | ||
| Q3 25 | $177.4M | $230.2M | ||
| Q2 25 | $179.9M | $226.8M | ||
| Q1 25 | $160.7M | $230.9M | ||
| Q4 24 | $129.7M | $218.5M | ||
| Q3 24 | $134.3M | $218.6M | ||
| Q2 24 | $145.8M | $216.8M | ||
| Q1 24 | $127.4M | $215.4M |
| Q4 25 | $7.6M | $96.0M | ||
| Q3 25 | $14.6M | $96.8M | ||
| Q2 25 | $15.2M | $100.5M | ||
| Q1 25 | $10.2M | $96.5M | ||
| Q4 24 | $1.1M | $97.9M | ||
| Q3 24 | $4.7M | $97.9M | ||
| Q2 24 | $6.6M | $106.7M | ||
| Q1 24 | $6.9M | $94.4M |
| 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% | — |
| Q4 25 | 6.0% | 62.3% | ||
| Q3 25 | 10.8% | 64.0% | ||
| Q2 25 | 11.0% | 66.0% | ||
| Q1 25 | 8.3% | 62.3% | ||
| Q4 24 | 1.1% | 65.8% | ||
| Q3 24 | 4.5% | 65.7% | ||
| Q2 24 | 6.0% | 70.2% | ||
| Q1 24 | 7.0% | 64.2% |
| Q4 25 | 4.7% | 40.2% | ||
| Q3 25 | 8.2% | 42.1% | ||
| Q2 25 | 8.4% | 44.3% | ||
| Q1 25 | 6.4% | 41.8% | ||
| Q4 24 | 0.8% | 44.8% | ||
| Q3 24 | 3.5% | 44.8% | ||
| Q2 24 | 4.5% | 49.2% | ||
| Q1 24 | 5.4% | 43.8% |
| Q4 25 | $0.39 | $0.51 | ||
| Q3 25 | $0.74 | $0.51 | ||
| Q2 25 | $0.78 | $0.54 | ||
| Q1 25 | $0.52 | $0.51 | ||
| Q4 24 | $0.06 | $0.52 | ||
| Q3 24 | $0.24 | $0.53 | ||
| Q2 24 | $0.34 | $0.58 | ||
| Q1 24 | $0.35 | $0.52 |
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 | $5.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $4.4B |
| Total Assets | $456.1M | $9.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $5.0M | ||
| Q3 25 | $38.6M | $157.9M | ||
| Q2 25 | $53.7M | $6.0M | ||
| Q1 25 | $28.4M | $5.1M | ||
| Q4 24 | $36.0M | $8.7M | ||
| Q3 24 | $111.5M | $173.5M | ||
| Q2 24 | $97.7M | $2.1M | ||
| Q1 24 | $83.9M | $1.1M |
| Q4 25 | $358.8M | $4.4B | ||
| Q3 25 | $371.5M | $4.4B | ||
| Q2 25 | $356.2M | $4.4B | ||
| Q1 25 | $341.4M | $4.4B | ||
| Q4 24 | $331.6M | $4.4B | ||
| Q3 24 | $350.9M | $4.4B | ||
| Q2 24 | $346.0M | $4.2B | ||
| Q1 24 | $340.6M | $4.2B |
| Q4 25 | $456.1M | $9.4B | ||
| Q3 25 | $462.6M | $9.5B | ||
| Q2 25 | $471.9M | $9.1B | ||
| Q1 25 | $421.9M | $9.0B | ||
| Q4 24 | $404.7M | $8.9B | ||
| Q3 24 | $422.6M | $8.9B | ||
| Q2 24 | $414.6M | $8.7B | ||
| Q1 24 | $397.2M | $8.7B |
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 | $667.1M |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -1.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | -0.09× | 6.95× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $667.1M | ||
| Q3 25 | $-17.0M | $218.3M | ||
| Q2 25 | $28.5M | $119.4M | ||
| Q1 25 | $-3.3M | $203.3M | ||
| Q4 24 | $19.0M | $635.5M | ||
| Q3 24 | $16.2M | $206.6M | ||
| Q2 24 | $18.8M | $120.5M | ||
| Q1 24 | $1.4M | $190.7M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | -0.09× | 6.95× | ||
| Q3 25 | -1.17× | 2.25× | ||
| Q2 25 | 1.88× | 1.19× | ||
| Q1 25 | -0.32× | 2.11× | ||
| Q4 24 | 17.56× | 6.49× | ||
| Q3 24 | 3.48× | 2.11× | ||
| Q2 24 | 2.86× | 1.13× | ||
| Q1 24 | 0.20× | 2.02× |
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% |
NNN
Segment breakdown not available.
