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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $120.3M, roughly 1.3× Phreesia, Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 3.5%, a 1.2% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 12.7%). Phreesia, Inc. produced more free cash flow last quarter ($12.2M vs $-2.2M).
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.
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
IIIN vs PHR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $120.3M |
| Net Profit | $7.6M | $4.3M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | 3.1% |
| Net Margin | 4.7% | 3.5% |
| Revenue YoY | 23.3% | 12.7% |
| Net Profit YoY | 602.4% | 129.7% |
| EPS (diluted) | $0.39 | $0.07 |
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 | $120.3M | ||
| Q3 25 | $177.4M | $117.3M | ||
| Q2 25 | $179.9M | $115.9M | ||
| Q1 25 | $160.7M | — | ||
| Q4 24 | $129.7M | — | ||
| Q3 24 | $134.3M | — | ||
| Q2 24 | $145.8M | — | ||
| Q1 24 | $127.4M | — |
| Q4 25 | $7.6M | $4.3M | ||
| Q3 25 | $14.6M | $654.0K | ||
| Q2 25 | $15.2M | $-3.9M | ||
| Q1 25 | $10.2M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $4.7M | — | ||
| Q2 24 | $6.6M | — | ||
| Q1 24 | $6.9M | — |
| 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% | 3.1% | ||
| Q3 25 | 10.8% | -1.3% | ||
| Q2 25 | 11.0% | -2.8% | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 7.0% | — |
| Q4 25 | 4.7% | 3.5% | ||
| Q3 25 | 8.2% | 0.6% | ||
| Q2 25 | 8.4% | -3.4% | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 5.4% | — |
| Q4 25 | $0.39 | $0.07 | ||
| Q3 25 | $0.74 | $0.01 | ||
| Q2 25 | $0.78 | $-0.07 | ||
| Q1 25 | $0.52 | — | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $0.24 | — | ||
| Q2 24 | $0.34 | — | ||
| Q1 24 | $0.35 | — |
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 | $106.4M |
| Total DebtLower is stronger | — | $3.4M |
| Stockholders' EquityBook value | $358.8M | $320.3M |
| Total Assets | $456.1M | $423.5M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $106.4M | ||
| Q3 25 | $38.6M | $98.3M | ||
| Q2 25 | $53.7M | $90.9M | ||
| Q1 25 | $28.4M | — | ||
| Q4 24 | $36.0M | — | ||
| Q3 24 | $111.5M | — | ||
| Q2 24 | $97.7M | — | ||
| Q1 24 | $83.9M | — |
| Q4 25 | — | $3.4M | ||
| Q3 25 | — | $4.6M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $358.8M | $320.3M | ||
| Q3 25 | $371.5M | $298.0M | ||
| Q2 25 | $356.2M | $282.2M | ||
| Q1 25 | $341.4M | — | ||
| Q4 24 | $331.6M | — | ||
| Q3 24 | $350.9M | — | ||
| Q2 24 | $346.0M | — | ||
| Q1 24 | $340.6M | — |
| Q4 25 | $456.1M | $423.5M | ||
| Q3 25 | $462.6M | $408.6M | ||
| Q2 25 | $471.9M | $400.4M | ||
| Q1 25 | $421.9M | — | ||
| Q4 24 | $404.7M | — | ||
| Q3 24 | $422.6M | — | ||
| Q2 24 | $414.6M | — | ||
| Q1 24 | $397.2M | — |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $15.5M |
| Free Cash FlowOCF − Capex | $-2.2M | $12.2M |
| FCF MarginFCF / Revenue | -1.4% | 10.1% |
| Capex IntensityCapex / Revenue | 0.9% | 2.7% |
| Cash ConversionOCF / Net Profit | -0.09× | 3.62× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $15.5M | ||
| Q3 25 | $-17.0M | $14.8M | ||
| Q2 25 | $28.5M | $14.8M | ||
| Q1 25 | $-3.3M | — | ||
| Q4 24 | $19.0M | — | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $18.8M | — | ||
| Q1 24 | $1.4M | — |
| Q4 25 | $-2.2M | $12.2M | ||
| Q3 25 | $-18.7M | $13.1M | ||
| Q2 25 | $26.9M | $11.3M | ||
| Q1 25 | $-5.5M | — | ||
| Q4 24 | $16.3M | — | ||
| Q3 24 | $14.5M | — | ||
| Q2 24 | $15.5M | — | ||
| Q1 24 | $-580.0K | — |
| Q4 25 | -1.4% | 10.1% | ||
| Q3 25 | -10.6% | 11.1% | ||
| Q2 25 | 15.0% | 9.8% | ||
| Q1 25 | -3.5% | — | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | -0.5% | — |
| Q4 25 | 0.9% | 2.7% | ||
| Q3 25 | 1.0% | 1.5% | ||
| Q2 25 | 0.9% | 3.0% | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | -0.09× | 3.62× | ||
| Q3 25 | -1.17× | 22.68× | ||
| 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% |
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
