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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
National Storage Affiliates Trust is the larger business by last-quarter revenue ($187.0M vs $159.9M, roughly 1.2× INSTEEL INDUSTRIES INC). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 4.7%, a 7.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -2.4%).
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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
IIIN vs NSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $187.0M |
| Net Profit | $7.6M | $22.9M |
| Gross Margin | 11.3% | 72.5% |
| Operating Margin | 6.0% | 20.2% |
| Net Margin | 4.7% | 12.2% |
| Revenue YoY | 23.3% | -1.6% |
| Net Profit YoY | 602.4% | 36.8% |
| 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 | $187.0M | ||
| Q3 25 | $177.4M | $188.7M | ||
| Q2 25 | $179.9M | $188.8M | ||
| Q1 25 | $160.7M | $188.4M | ||
| Q4 24 | $129.7M | $190.1M | ||
| Q3 24 | $134.3M | $193.6M | ||
| Q2 24 | $145.8M | $190.4M | ||
| Q1 24 | $127.4M | $196.1M |
| Q4 25 | $7.6M | $22.9M | ||
| Q3 25 | $14.6M | $18.4M | ||
| Q2 25 | $15.2M | $19.5M | ||
| Q1 25 | $10.2M | $13.0M | ||
| Q4 24 | $1.1M | $16.7M | ||
| Q3 24 | $4.7M | $18.7M | ||
| Q2 24 | $6.6M | $17.1M | ||
| Q1 24 | $6.9M | $59.0M |
| Q4 25 | 11.3% | 72.5% | ||
| Q3 25 | 16.1% | 70.7% | ||
| Q2 25 | 17.1% | 70.5% | ||
| Q1 25 | 15.3% | 70.7% | ||
| Q4 24 | 7.3% | 72.5% | ||
| Q3 24 | 9.1% | 72.8% | ||
| Q2 24 | 10.6% | 72.6% | ||
| Q1 24 | 12.3% | 72.1% |
| Q4 25 | 6.0% | 20.2% | ||
| Q3 25 | 10.8% | 15.8% | ||
| Q2 25 | 11.0% | 16.5% | ||
| Q1 25 | 8.3% | 11.0% | ||
| Q4 24 | 1.1% | 14.5% | ||
| Q3 24 | 4.5% | 15.8% | ||
| Q2 24 | 6.0% | 17.2% | ||
| Q1 24 | 7.0% | 48.9% |
| Q4 25 | 4.7% | 12.2% | ||
| Q3 25 | 8.2% | 9.8% | ||
| Q2 25 | 8.4% | 10.3% | ||
| Q1 25 | 6.4% | 6.9% | ||
| Q4 24 | 0.8% | 8.8% | ||
| Q3 24 | 3.5% | 9.7% | ||
| Q2 24 | 4.5% | 9.0% | ||
| Q1 24 | 5.4% | 30.1% |
| Q4 25 | $0.39 | $0.23 | ||
| Q3 25 | $0.74 | $0.17 | ||
| Q2 25 | $0.78 | $0.19 | ||
| Q1 25 | $0.52 | $0.10 | ||
| Q4 24 | $0.06 | $0.19 | ||
| Q3 24 | $0.24 | $0.18 | ||
| Q2 24 | $0.34 | $0.16 | ||
| Q1 24 | $0.35 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $946.0M |
| Total Assets | $456.1M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $23.3M | ||
| Q3 25 | $38.6M | $26.3M | ||
| Q2 25 | $53.7M | $26.1M | ||
| Q1 25 | $28.4M | $19.3M | ||
| Q4 24 | $36.0M | $50.4M | ||
| Q3 24 | $111.5M | $69.9M | ||
| Q2 24 | $97.7M | $59.0M | ||
| Q1 24 | $83.9M | $64.2M |
| Q4 25 | $358.8M | $946.0M | ||
| Q3 25 | $371.5M | $973.1M | ||
| Q2 25 | $356.2M | $1.0B | ||
| Q1 25 | $341.4M | $1.0B | ||
| Q4 24 | $331.6M | $1.1B | ||
| Q3 24 | $350.9M | $986.9M | ||
| Q2 24 | $346.0M | $1.2B | ||
| Q1 24 | $340.6M | $1.3B |
| Q4 25 | $456.1M | $5.1B | ||
| Q3 25 | $462.6M | $5.1B | ||
| Q2 25 | $471.9M | $5.2B | ||
| Q1 25 | $421.9M | $5.3B | ||
| Q4 24 | $404.7M | $5.4B | ||
| Q3 24 | $422.6M | $5.4B | ||
| Q2 24 | $414.6M | $5.3B | ||
| Q1 24 | $397.2M | $5.4B |
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 | $338.5M |
| Free Cash FlowOCF − Capex | $-2.2M | $299.8M |
| FCF MarginFCF / Revenue | -1.4% | 160.3% |
| Capex IntensityCapex / Revenue | 0.9% | 20.7% |
| Cash ConversionOCF / Net Profit | -0.09× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $338.5M | ||
| Q3 25 | $-17.0M | $100.2M | ||
| Q2 25 | $28.5M | $79.9M | ||
| Q1 25 | $-3.3M | $85.6M | ||
| Q4 24 | $19.0M | $363.1M | ||
| Q3 24 | $16.2M | $105.7M | ||
| Q2 24 | $18.8M | $83.2M | ||
| Q1 24 | $1.4M | $94.0M |
| Q4 25 | $-2.2M | $299.8M | ||
| Q3 25 | $-18.7M | $88.0M | ||
| Q2 25 | $26.9M | $73.8M | ||
| Q1 25 | $-5.5M | $79.9M | ||
| Q4 24 | $16.3M | $344.4M | ||
| Q3 24 | $14.5M | $101.8M | ||
| Q2 24 | $15.5M | $79.5M | ||
| Q1 24 | $-580.0K | $88.6M |
| Q4 25 | -1.4% | 160.3% | ||
| Q3 25 | -10.6% | 46.6% | ||
| Q2 25 | 15.0% | 39.1% | ||
| Q1 25 | -3.5% | 42.4% | ||
| Q4 24 | 12.6% | 181.2% | ||
| Q3 24 | 10.8% | 52.6% | ||
| Q2 24 | 10.7% | 41.7% | ||
| Q1 24 | -0.5% | 45.2% |
| Q4 25 | 0.9% | 20.7% | ||
| Q3 25 | 1.0% | 6.5% | ||
| Q2 25 | 0.9% | 3.2% | ||
| Q1 25 | 1.4% | 3.0% | ||
| Q4 24 | 2.1% | 9.8% | ||
| Q3 24 | 1.3% | 2.0% | ||
| Q2 24 | 2.2% | 1.9% | ||
| Q1 24 | 1.5% | 2.7% |
| Q4 25 | -0.09× | 14.79× | ||
| Q3 25 | -1.17× | 5.44× | ||
| Q2 25 | 1.88× | 4.10× | ||
| Q1 25 | -0.32× | 6.59× | ||
| Q4 24 | 17.56× | 21.70× | ||
| Q3 24 | 3.48× | 5.65× | ||
| Q2 24 | 2.86× | 4.88× | ||
| Q1 24 | 0.20× | 1.59× |
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% |
NSA
Segment breakdown not available.
