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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $159.9M, roughly 1.4× INSTEEL INDUSTRIES INC). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 4.7%, a 8.2% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 2.6%).
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.
Onto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc. and Nanometrics Incorporated. It is a provider of process and process control equipment and software for microelectronic manufacturing industries.
IIIN vs ONTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $218.2M |
| Net Profit | $7.6M | $28.2M |
| Gross Margin | 11.3% | 50.7% |
| Operating Margin | 6.0% | 10.9% |
| Net Margin | 4.7% | 12.9% |
| Revenue YoY | 23.3% | -13.5% |
| Net Profit YoY | 602.4% | -46.8% |
| EPS (diluted) | $0.39 | $0.57 |
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 | — | ||
| Q3 25 | $177.4M | $218.2M | ||
| Q2 25 | $179.9M | $253.6M | ||
| Q1 25 | $160.7M | $266.6M | ||
| Q4 24 | $129.7M | $263.9M | ||
| Q3 24 | $134.3M | $252.2M | ||
| Q2 24 | $145.8M | $242.3M | ||
| Q1 24 | $127.4M | $228.8M |
| Q4 25 | $7.6M | — | ||
| Q3 25 | $14.6M | $28.2M | ||
| Q2 25 | $15.2M | $33.9M | ||
| Q1 25 | $10.2M | $64.1M | ||
| Q4 24 | $1.1M | $48.8M | ||
| Q3 24 | $4.7M | $53.1M | ||
| Q2 24 | $6.6M | $52.9M | ||
| Q1 24 | $6.9M | $46.9M |
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.1% | 50.7% | ||
| Q2 25 | 17.1% | 48.2% | ||
| Q1 25 | 15.3% | 53.7% | ||
| Q4 24 | 7.3% | 50.2% | ||
| Q3 24 | 9.1% | 54.1% | ||
| Q2 24 | 10.6% | 52.9% | ||
| Q1 24 | 12.3% | 51.7% |
| Q4 25 | 6.0% | — | ||
| Q3 25 | 10.8% | 10.9% | ||
| Q2 25 | 11.0% | 12.7% | ||
| Q1 25 | 8.3% | 23.7% | ||
| Q4 24 | 1.1% | 16.1% | ||
| Q3 24 | 4.5% | 21.0% | ||
| Q2 24 | 6.0% | 20.2% | ||
| Q1 24 | 7.0% | 18.7% |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 8.2% | 12.9% | ||
| Q2 25 | 8.4% | 13.4% | ||
| Q1 25 | 6.4% | 24.0% | ||
| Q4 24 | 0.8% | 18.5% | ||
| Q3 24 | 3.5% | 21.0% | ||
| Q2 24 | 4.5% | 21.9% | ||
| Q1 24 | 5.4% | 20.5% |
| Q4 25 | $0.39 | — | ||
| Q3 25 | $0.74 | $0.57 | ||
| Q2 25 | $0.78 | $0.69 | ||
| Q1 25 | $0.52 | $1.30 | ||
| Q4 24 | $0.06 | $0.98 | ||
| Q3 24 | $0.24 | $1.07 | ||
| Q2 24 | $0.34 | $1.07 | ||
| Q1 24 | $0.35 | $0.94 |
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 | $603.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $2.0B |
| Total Assets | $456.1M | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | — | ||
| Q3 25 | $38.6M | $603.1M | ||
| Q2 25 | $53.7M | $217.5M | ||
| Q1 25 | $28.4M | $203.7M | ||
| Q4 24 | $36.0M | $212.9M | ||
| Q3 24 | $111.5M | $188.7M | ||
| Q2 24 | $97.7M | $172.6M | ||
| Q1 24 | $83.9M | $190.9M |
| Q4 25 | $358.8M | — | ||
| Q3 25 | $371.5M | $2.0B | ||
| Q2 25 | $356.2M | $2.0B | ||
| Q1 25 | $341.4M | $1.9B | ||
| Q4 24 | $331.6M | $1.9B | ||
| Q3 24 | $350.9M | $1.9B | ||
| Q2 24 | $346.0M | $1.8B | ||
| Q1 24 | $340.6M | $1.8B |
| Q4 25 | $456.1M | — | ||
| Q3 25 | $462.6M | $2.2B | ||
| Q2 25 | $471.9M | $2.1B | ||
| Q1 25 | $421.9M | $2.1B | ||
| Q4 24 | $404.7M | $2.1B | ||
| Q3 24 | $422.6M | $2.1B | ||
| Q2 24 | $414.6M | $2.0B | ||
| Q1 24 | $397.2M | $2.0B |
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 | $83.4M |
| Free Cash FlowOCF − Capex | $-2.2M | $82.0M |
| FCF MarginFCF / Revenue | -1.4% | 37.6% |
| Capex IntensityCapex / Revenue | 0.9% | 0.6% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | — | ||
| Q3 25 | $-17.0M | $83.4M | ||
| Q2 25 | $28.5M | $57.9M | ||
| Q1 25 | $-3.3M | $92.0M | ||
| Q4 24 | $19.0M | $56.0M | ||
| Q3 24 | $16.2M | $67.2M | ||
| Q2 24 | $18.8M | $65.3M | ||
| Q1 24 | $1.4M | $57.1M |
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $-18.7M | $82.0M | ||
| Q2 25 | $26.9M | $44.2M | ||
| Q1 25 | $-5.5M | $83.7M | ||
| Q4 24 | $16.3M | $51.4M | ||
| Q3 24 | $14.5M | $59.2M | ||
| Q2 24 | $15.5M | $53.0M | ||
| Q1 24 | $-580.0K | $50.2M |
| Q4 25 | -1.4% | — | ||
| Q3 25 | -10.6% | 37.6% | ||
| Q2 25 | 15.0% | 17.4% | ||
| Q1 25 | -3.5% | 31.4% | ||
| Q4 24 | 12.6% | 19.5% | ||
| Q3 24 | 10.8% | 23.5% | ||
| Q2 24 | 10.7% | 21.9% | ||
| Q1 24 | -0.5% | 21.9% |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.0% | 0.6% | ||
| Q2 25 | 0.9% | 5.4% | ||
| Q1 25 | 1.4% | 3.1% | ||
| Q4 24 | 2.1% | 1.8% | ||
| Q3 24 | 1.3% | 3.2% | ||
| Q2 24 | 2.2% | 5.1% | ||
| Q1 24 | 1.5% | 3.0% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | -1.17× | 2.95× | ||
| Q2 25 | 1.88× | 1.71× | ||
| Q1 25 | -0.32× | 1.44× | ||
| Q4 24 | 17.56× | 1.15× | ||
| Q3 24 | 3.48× | 1.27× | ||
| Q2 24 | 2.86× | 1.23× | ||
| Q1 24 | 0.20× | 1.22× |
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% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
