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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $153.1M, roughly 1.0× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 4.7%, a 0.1% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 22.3%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-2.2M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
IIIN vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $153.1M |
| Net Profit | $7.6M | $7.3M |
| Gross Margin | 11.3% | 31.5% |
| Operating Margin | 6.0% | 12.0% |
| Net Margin | 4.7% | 4.8% |
| Revenue YoY | 23.3% | 22.3% |
| Net Profit YoY | 602.4% | 8.5% |
| EPS (diluted) | $0.39 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $177.4M | $138.0M | ||
| Q2 25 | $179.9M | $129.8M | ||
| Q1 25 | $160.7M | $122.8M | ||
| Q4 24 | $129.7M | $125.1M | ||
| Q3 24 | $134.3M | $124.8M | ||
| Q2 24 | $145.8M | $118.8M | ||
| Q1 24 | $127.4M | $111.9M |
| Q4 25 | $7.6M | $7.3M | ||
| Q3 25 | $14.6M | $2.3M | ||
| Q2 25 | $15.2M | $518.0K | ||
| Q1 25 | $10.2M | $4.8M | ||
| Q4 24 | $1.1M | $6.8M | ||
| Q3 24 | $4.7M | $1.3M | ||
| Q2 24 | $6.6M | $6.0M | ||
| Q1 24 | $6.9M | $5.5M |
| Q4 25 | 11.3% | 31.5% | ||
| Q3 25 | 16.1% | 29.7% | ||
| Q2 25 | 17.1% | 30.9% | ||
| Q1 25 | 15.3% | 33.2% | ||
| Q4 24 | 7.3% | 34.1% | ||
| Q3 24 | 9.1% | 35.8% | ||
| Q2 24 | 10.6% | 35.7% | ||
| Q1 24 | 12.3% | 37.1% |
| Q4 25 | 6.0% | 12.0% | ||
| Q3 25 | 10.8% | 9.4% | ||
| Q2 25 | 11.0% | 7.3% | ||
| Q1 25 | 8.3% | 11.5% | ||
| Q4 24 | 1.1% | 12.7% | ||
| Q3 24 | 4.5% | 14.3% | ||
| Q2 24 | 6.0% | 12.5% | ||
| Q1 24 | 7.0% | 12.6% |
| Q4 25 | 4.7% | 4.8% | ||
| Q3 25 | 8.2% | 1.7% | ||
| Q2 25 | 8.4% | 0.4% | ||
| Q1 25 | 6.4% | 3.9% | ||
| Q4 24 | 0.8% | 5.4% | ||
| Q3 24 | 3.5% | 1.0% | ||
| Q2 24 | 4.5% | 5.1% | ||
| Q1 24 | 5.4% | 4.9% |
| Q4 25 | $0.39 | $0.62 | ||
| Q3 25 | $0.74 | $0.19 | ||
| Q2 25 | $0.78 | $0.04 | ||
| Q1 25 | $0.52 | $0.40 | ||
| Q4 24 | $0.06 | $0.56 | ||
| Q3 24 | $0.24 | $0.11 | ||
| Q2 24 | $0.34 | $0.51 | ||
| Q1 24 | $0.35 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $358.8M | $-17.3M |
| Total Assets | $456.1M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $21.7M | ||
| Q3 25 | $38.6M | $16.0M | ||
| Q2 25 | $53.7M | $17.1M | ||
| Q1 25 | $28.4M | $31.5M | ||
| Q4 24 | $36.0M | $33.5M | ||
| Q3 24 | $111.5M | $14.7M | ||
| Q2 24 | $97.7M | $7.5M | ||
| Q1 24 | $83.9M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $358.8M | $-17.3M | ||
| Q3 25 | $371.5M | $-25.7M | ||
| Q2 25 | $356.2M | $-29.0M | ||
| Q1 25 | $341.4M | $-29.7M | ||
| Q4 24 | $331.6M | $-35.6M | ||
| Q3 24 | $350.9M | $-42.8M | ||
| Q2 24 | $346.0M | $-44.6M | ||
| Q1 24 | $340.6M | $-48.5M |
| Q4 25 | $456.1M | $403.2M | ||
| Q3 25 | $462.6M | $407.1M | ||
| Q2 25 | $471.9M | $399.8M | ||
| Q1 25 | $421.9M | $351.9M | ||
| Q4 24 | $404.7M | $349.7M | ||
| Q3 24 | $422.6M | $342.3M | ||
| Q2 24 | $414.6M | $321.4M | ||
| Q1 24 | $397.2M | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $-2.2M | $35.2M |
| FCF MarginFCF / Revenue | -1.4% | 23.0% |
| Capex IntensityCapex / Revenue | 0.9% | 2.9% |
| Cash ConversionOCF / Net Profit | -0.09× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $39.6M | ||
| Q3 25 | $-17.0M | $10.0M | ||
| Q2 25 | $28.5M | $4.3M | ||
| Q1 25 | $-3.3M | $5.6M | ||
| Q4 24 | $19.0M | $26.7M | ||
| Q3 24 | $16.2M | $12.5M | ||
| Q2 24 | $18.8M | $-4.8M | ||
| Q1 24 | $1.4M | $8.9M |
| Q4 25 | $-2.2M | $35.2M | ||
| Q3 25 | $-18.7M | $5.3M | ||
| Q2 25 | $26.9M | $533.0K | ||
| Q1 25 | $-5.5M | $292.0K | ||
| Q4 24 | $16.3M | $21.6M | ||
| Q3 24 | $14.5M | $11.1M | ||
| Q2 24 | $15.5M | $-6.0M | ||
| Q1 24 | $-580.0K | $7.4M |
| Q4 25 | -1.4% | 23.0% | ||
| Q3 25 | -10.6% | 3.8% | ||
| Q2 25 | 15.0% | 0.4% | ||
| Q1 25 | -3.5% | 0.2% | ||
| Q4 24 | 12.6% | 17.3% | ||
| Q3 24 | 10.8% | 8.9% | ||
| Q2 24 | 10.7% | -5.0% | ||
| Q1 24 | -0.5% | 6.6% |
| Q4 25 | 0.9% | 2.9% | ||
| Q3 25 | 1.0% | 3.4% | ||
| Q2 25 | 0.9% | 2.9% | ||
| Q1 25 | 1.4% | 4.3% | ||
| Q4 24 | 2.1% | 4.0% | ||
| Q3 24 | 1.3% | 1.2% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 1.5% | 1.3% |
| Q4 25 | -0.09× | 5.39× | ||
| Q3 25 | -1.17× | 4.32× | ||
| Q2 25 | 1.88× | 8.39× | ||
| Q1 25 | -0.32× | 1.17× | ||
| Q4 24 | 17.56× | 3.94× | ||
| Q3 24 | 3.48× | 9.70× | ||
| Q2 24 | 2.86× | -0.79× | ||
| Q1 24 | 0.20× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
