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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $142.9M, roughly 1.1× Piedmont Realty Trust, Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -30.3%, a 35.0% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -0.3%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -0.6%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
IIIN vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $142.9M |
| Net Profit | $7.6M | $-43.2M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | — |
| Net Margin | 4.7% | -30.3% |
| Revenue YoY | 23.3% | -0.3% |
| Net Profit YoY | 602.4% | -44.3% |
| EPS (diluted) | $0.39 | $-0.34 |
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 | $142.9M | ||
| Q3 25 | $177.4M | $139.2M | ||
| Q2 25 | $179.9M | $140.3M | ||
| Q1 25 | $160.7M | $142.7M | ||
| Q4 24 | $129.7M | $143.2M | ||
| Q3 24 | $134.3M | $139.3M | ||
| Q2 24 | $145.8M | $143.3M | ||
| Q1 24 | $127.4M | $144.5M |
| Q4 25 | $7.6M | $-43.2M | ||
| Q3 25 | $14.6M | $-13.5M | ||
| Q2 25 | $15.2M | $-16.8M | ||
| Q1 25 | $10.2M | $-10.1M | ||
| Q4 24 | $1.1M | $-30.0M | ||
| Q3 24 | $4.7M | $-11.5M | ||
| Q2 24 | $6.6M | $-9.8M | ||
| Q1 24 | $6.9M | $-27.8M |
| 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% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 7.0% | — |
| Q4 25 | 4.7% | -30.3% | ||
| Q3 25 | 8.2% | -9.7% | ||
| Q2 25 | 8.4% | -12.0% | ||
| Q1 25 | 6.4% | -7.1% | ||
| Q4 24 | 0.8% | -20.9% | ||
| Q3 24 | 3.5% | -8.3% | ||
| Q2 24 | 4.5% | -6.8% | ||
| Q1 24 | 5.4% | -19.2% |
| Q4 25 | $0.39 | $-0.34 | ||
| Q3 25 | $0.74 | $-0.11 | ||
| Q2 25 | $0.78 | $-0.14 | ||
| Q1 25 | $0.52 | $-0.08 | ||
| Q4 24 | $0.06 | $-0.25 | ||
| Q3 24 | $0.24 | $-0.09 | ||
| Q2 24 | $0.34 | $-0.08 | ||
| Q1 24 | $0.35 | $-0.22 |
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 | $731.0K |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $358.8M | $1.5B |
| Total Assets | $456.1M | $4.0B |
| Debt / EquityLower = less leverage | — | 1.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $731.0K | ||
| Q3 25 | $38.6M | $3.0M | ||
| Q2 25 | $53.7M | $3.3M | ||
| Q1 25 | $28.4M | $2.9M | ||
| Q4 24 | $36.0M | $109.6M | ||
| Q3 24 | $111.5M | $133.6M | ||
| Q2 24 | $97.7M | $138.5M | ||
| Q1 24 | $83.9M | $3.5M |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $358.8M | $1.5B | ||
| Q3 25 | $371.5M | $1.5B | ||
| Q2 25 | $356.2M | $1.5B | ||
| Q1 25 | $341.4M | $1.6B | ||
| Q4 24 | $331.6M | $1.6B | ||
| Q3 24 | $350.9M | $1.6B | ||
| Q2 24 | $346.0M | $1.7B | ||
| Q1 24 | $340.6M | $1.7B |
| Q4 25 | $456.1M | $4.0B | ||
| Q3 25 | $462.6M | $4.0B | ||
| Q2 25 | $471.9M | $4.0B | ||
| Q1 25 | $421.9M | $4.0B | ||
| Q4 24 | $404.7M | $4.1B | ||
| Q3 24 | $422.6M | $4.1B | ||
| Q2 24 | $414.6M | $4.2B | ||
| Q1 24 | $397.2M | $4.0B |
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.23× |
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 | $140.6M |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -1.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $140.6M | ||
| Q3 25 | $-17.0M | $35.8M | ||
| Q2 25 | $28.5M | $50.1M | ||
| Q1 25 | $-3.3M | $3.7M | ||
| Q4 24 | $19.0M | $198.1M | ||
| Q3 24 | $16.2M | $42.9M | ||
| Q2 24 | $18.8M | $66.8M | ||
| Q1 24 | $1.4M | $23.4M |
| 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× | — | ||
| 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% |
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
