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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $140.7M, roughly 1.1× Purple Innovation, Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -2.3%, a 7.0% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 9.1%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-7.8M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
IIIN vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $140.7M |
| Net Profit | $7.6M | $-3.2M |
| Gross Margin | 11.3% | 41.9% |
| Operating Margin | 6.0% | -1.6% |
| Net Margin | 4.7% | -2.3% |
| Revenue YoY | 23.3% | 9.1% |
| Net Profit YoY | 602.4% | 62.1% |
| EPS (diluted) | $0.39 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $177.4M | $118.8M | ||
| Q2 25 | $179.9M | $105.1M | ||
| Q1 25 | $160.7M | $104.2M | ||
| Q4 24 | $129.7M | $129.0M | ||
| Q3 24 | $134.3M | $118.6M | ||
| Q2 24 | $145.8M | $120.3M | ||
| Q1 24 | $127.4M | $120.0M |
| Q4 25 | $7.6M | $-3.2M | ||
| Q3 25 | $14.6M | $-11.7M | ||
| Q2 25 | $15.2M | $-17.3M | ||
| Q1 25 | $10.2M | $-19.1M | ||
| Q4 24 | $1.1M | $-8.5M | ||
| Q3 24 | $4.7M | $-39.2M | ||
| Q2 24 | $6.6M | $27.0K | ||
| Q1 24 | $6.9M | $-50.2M |
| Q4 25 | 11.3% | 41.9% | ||
| Q3 25 | 16.1% | 42.8% | ||
| Q2 25 | 17.1% | 35.9% | ||
| Q1 25 | 15.3% | 39.4% | ||
| Q4 24 | 7.3% | 42.9% | ||
| Q3 24 | 9.1% | 29.7% | ||
| Q2 24 | 10.6% | 40.7% | ||
| Q1 24 | 12.3% | 34.8% |
| Q4 25 | 6.0% | -1.6% | ||
| Q3 25 | 10.8% | -10.2% | ||
| Q2 25 | 11.0% | -13.5% | ||
| Q1 25 | 8.3% | -13.9% | ||
| Q4 24 | 1.1% | -6.0% | ||
| Q3 24 | 4.5% | -39.5% | ||
| Q2 24 | 6.0% | -12.1% | ||
| Q1 24 | 7.0% | -19.3% |
| Q4 25 | 4.7% | -2.3% | ||
| Q3 25 | 8.2% | -9.9% | ||
| Q2 25 | 8.4% | -16.5% | ||
| Q1 25 | 6.4% | -18.4% | ||
| Q4 24 | 0.8% | -6.6% | ||
| Q3 24 | 3.5% | -33.1% | ||
| Q2 24 | 4.5% | 0.0% | ||
| Q1 24 | 5.4% | -41.8% |
| Q4 25 | $0.39 | $0.03 | ||
| Q3 25 | $0.74 | $0.11 | ||
| Q2 25 | $0.78 | $0.16 | ||
| Q1 25 | $0.52 | $0.18 | ||
| Q4 24 | $0.06 | $0.08 | ||
| Q3 24 | $0.24 | $0.36 | ||
| Q2 24 | $0.34 | $0.00 | ||
| Q1 24 | $0.35 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $358.8M | $-29.7M |
| Total Assets | $456.1M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $24.3M | ||
| Q3 25 | $38.6M | $32.4M | ||
| Q2 25 | $53.7M | $34.2M | ||
| Q1 25 | $28.4M | $21.6M | ||
| Q4 24 | $36.0M | $29.0M | ||
| Q3 24 | $111.5M | $23.4M | ||
| Q2 24 | $97.7M | $23.4M | ||
| Q1 24 | $83.9M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $358.8M | $-29.7M | ||
| Q3 25 | $371.5M | $-26.9M | ||
| Q2 25 | $356.2M | $-15.6M | ||
| Q1 25 | $341.4M | $1.3M | ||
| Q4 24 | $331.6M | $20.2M | ||
| Q3 24 | $350.9M | $28.0M | ||
| Q2 24 | $346.0M | $66.4M | ||
| Q1 24 | $340.6M | $65.5M |
| Q4 25 | $456.1M | $296.3M | ||
| Q3 25 | $462.6M | $302.1M | ||
| Q2 25 | $471.9M | $303.8M | ||
| Q1 25 | $421.9M | $293.8M | ||
| Q4 24 | $404.7M | $307.8M | ||
| Q3 24 | $422.6M | $309.3M | ||
| Q2 24 | $414.6M | $362.1M | ||
| Q1 24 | $397.2M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-2.2M | $-7.8M |
| FCF MarginFCF / Revenue | -1.4% | -5.5% |
| Capex IntensityCapex / Revenue | 0.9% | 1.4% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $-5.8M | ||
| Q3 25 | $-17.0M | $-968.0K | ||
| Q2 25 | $28.5M | $-4.0M | ||
| Q1 25 | $-3.3M | $-23.1M | ||
| Q4 24 | $19.0M | $6.8M | ||
| Q3 24 | $16.2M | $1.1M | ||
| Q2 24 | $18.8M | $-8.9M | ||
| Q1 24 | $1.4M | $-16.8M |
| Q4 25 | $-2.2M | $-7.8M | ||
| Q3 25 | $-18.7M | $-1.8M | ||
| Q2 25 | $26.9M | $-7.0M | ||
| Q1 25 | $-5.5M | $-25.3M | ||
| Q4 24 | $16.3M | $5.7M | ||
| Q3 24 | $14.5M | $101.0K | ||
| Q2 24 | $15.5M | $-11.0M | ||
| Q1 24 | $-580.0K | $-19.9M |
| Q4 25 | -1.4% | -5.5% | ||
| Q3 25 | -10.6% | -1.5% | ||
| Q2 25 | 15.0% | -6.6% | ||
| Q1 25 | -3.5% | -24.3% | ||
| Q4 24 | 12.6% | 4.4% | ||
| Q3 24 | 10.8% | 0.1% | ||
| Q2 24 | 10.7% | -9.2% | ||
| Q1 24 | -0.5% | -16.5% |
| Q4 25 | 0.9% | 1.4% | ||
| Q3 25 | 1.0% | 0.7% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 2.1% | 0.8% | ||
| Q3 24 | 1.3% | 0.9% | ||
| Q2 24 | 2.2% | 1.7% | ||
| Q1 24 | 1.5% | 2.5% |
| 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× | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
