vs
Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $159.9M, roughly 1.6× INSTEEL INDUSTRIES INC). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 23.3%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $-2.2M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 12.0%).
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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
IIIN vs PLMR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $253.4M |
| Net Profit | $7.6M | — |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | 28.7% |
| Net Margin | 4.7% | — |
| Revenue YoY | 23.3% | 62.7% |
| Net Profit YoY | 602.4% | — |
| EPS (diluted) | $0.39 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $177.4M | $244.7M | ||
| Q2 25 | $179.9M | $203.3M | ||
| Q1 25 | $160.7M | $174.6M | ||
| Q4 24 | $129.7M | $155.8M | ||
| Q3 24 | $134.3M | $148.5M | ||
| Q2 24 | $145.8M | $131.1M | ||
| Q1 24 | $127.4M | $118.5M |
| Q4 25 | $7.6M | — | ||
| Q3 25 | $14.6M | $51.5M | ||
| Q2 25 | $15.2M | $46.5M | ||
| Q1 25 | $10.2M | $42.9M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $4.7M | $30.5M | ||
| Q2 24 | $6.6M | $25.7M | ||
| Q1 24 | $6.9M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | 10.8% | 27.4% | ||
| Q2 25 | 11.0% | 29.5% | ||
| Q1 25 | 8.3% | 30.8% | ||
| Q4 24 | 1.1% | 28.9% | ||
| Q3 24 | 4.5% | 25.9% | ||
| Q2 24 | 6.0% | 25.5% | ||
| Q1 24 | 7.0% | 29.0% |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 8.2% | 21.0% | ||
| Q2 25 | 8.4% | 22.9% | ||
| Q1 25 | 6.4% | 24.6% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 3.5% | 20.5% | ||
| Q2 24 | 4.5% | 19.6% | ||
| Q1 24 | 5.4% | 22.3% |
| Q4 25 | $0.39 | $2.05 | ||
| Q3 25 | $0.74 | $1.87 | ||
| Q2 25 | $0.78 | $1.68 | ||
| Q1 25 | $0.52 | $1.57 | ||
| Q4 24 | $0.06 | $1.29 | ||
| Q3 24 | $0.24 | $1.15 | ||
| Q2 24 | $0.34 | $1.00 | ||
| Q1 24 | $0.35 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $942.7M |
| Total Assets | $456.1M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $106.9M | ||
| Q3 25 | $38.6M | $111.7M | ||
| Q2 25 | $53.7M | $81.3M | ||
| Q1 25 | $28.4M | $119.3M | ||
| Q4 24 | $36.0M | $80.4M | ||
| Q3 24 | $111.5M | $86.5M | ||
| Q2 24 | $97.7M | $47.8M | ||
| Q1 24 | $83.9M | $61.4M |
| Q4 25 | $358.8M | $942.7M | ||
| Q3 25 | $371.5M | $878.1M | ||
| Q2 25 | $356.2M | $847.2M | ||
| Q1 25 | $341.4M | $790.4M | ||
| Q4 24 | $331.6M | $729.0M | ||
| Q3 24 | $350.9M | $703.3M | ||
| Q2 24 | $346.0M | $532.6M | ||
| Q1 24 | $340.6M | $501.7M |
| Q4 25 | $456.1M | $3.1B | ||
| Q3 25 | $462.6M | $2.9B | ||
| Q2 25 | $471.9M | $2.8B | ||
| Q1 25 | $421.9M | $2.4B | ||
| Q4 24 | $404.7M | $2.3B | ||
| Q3 24 | $422.6M | $2.3B | ||
| Q2 24 | $414.6M | $2.0B | ||
| Q1 24 | $397.2M | $1.9B |
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 | $409.1M |
| Free Cash FlowOCF − Capex | $-2.2M | $409.0M |
| FCF MarginFCF / Revenue | -1.4% | 161.4% |
| Capex IntensityCapex / Revenue | 0.9% | 0.1% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $409.1M | ||
| Q3 25 | $-17.0M | $83.6M | ||
| Q2 25 | $28.5M | $120.9M | ||
| Q1 25 | $-3.3M | $87.2M | ||
| Q4 24 | $19.0M | $261.2M | ||
| Q3 24 | $16.2M | $100.3M | ||
| Q2 24 | $18.8M | $55.1M | ||
| Q1 24 | $1.4M | $33.1M |
| Q4 25 | $-2.2M | $409.0M | ||
| Q3 25 | $-18.7M | $83.6M | ||
| Q2 25 | $26.9M | $120.8M | ||
| Q1 25 | $-5.5M | $87.1M | ||
| Q4 24 | $16.3M | $260.9M | ||
| Q3 24 | $14.5M | $100.1M | ||
| Q2 24 | $15.5M | — | ||
| Q1 24 | $-580.0K | — |
| Q4 25 | -1.4% | 161.4% | ||
| Q3 25 | -10.6% | 34.2% | ||
| Q2 25 | 15.0% | 59.4% | ||
| Q1 25 | -3.5% | 49.9% | ||
| Q4 24 | 12.6% | 167.5% | ||
| Q3 24 | 10.8% | 67.4% | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | -0.5% | — |
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 1.4% | 0.0% | ||
| Q4 24 | 2.1% | 0.2% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 2.2% | 0.0% | ||
| Q1 24 | 1.5% | 0.0% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | -1.17× | 1.63× | ||
| Q2 25 | 1.88× | 2.60× | ||
| Q1 25 | -0.32× | 2.03× | ||
| Q4 24 | 17.56× | — | ||
| Q3 24 | 3.48× | 3.29× | ||
| Q2 24 | 2.86× | 2.14× | ||
| Q1 24 | 0.20× | 1.26× |
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% |
PLMR
Segment breakdown not available.
