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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $159.9M, roughly 1.4× INSTEEL INDUSTRIES INC). Perella Weinberg Partners runs the higher net margin — 6.3% vs 4.7%, a 1.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $-2.2M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
IIIN vs PWP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $219.2M |
| Net Profit | $7.6M | $13.8M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | 8.5% |
| Net Margin | 4.7% | 6.3% |
| Revenue YoY | 23.3% | -2.9% |
| Net Profit YoY | 602.4% | — |
| EPS (diluted) | $0.39 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $177.4M | $164.6M | ||
| Q2 25 | $179.9M | $155.3M | ||
| Q1 25 | $160.7M | $211.8M | ||
| Q4 24 | $129.7M | $225.7M | ||
| Q3 24 | $134.3M | $278.2M | ||
| Q2 24 | $145.8M | $272.0M | ||
| Q1 24 | $127.4M | $102.1M |
| Q4 25 | $7.6M | $13.8M | ||
| Q3 25 | $14.6M | $6.0M | ||
| Q2 25 | $15.2M | $2.7M | ||
| Q1 25 | $10.2M | $17.3M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $4.7M | $16.4M | ||
| Q2 24 | $6.6M | $-66.0M | ||
| Q1 24 | $6.9M | $-35.8M |
| 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% | 8.5% | ||
| Q3 25 | 10.8% | 5.4% | ||
| Q2 25 | 11.0% | 5.8% | ||
| Q1 25 | 8.3% | 5.5% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 4.5% | 12.9% | ||
| Q2 24 | 6.0% | -30.2% | ||
| Q1 24 | 7.0% | -52.4% |
| Q4 25 | 4.7% | 6.3% | ||
| Q3 25 | 8.2% | 3.6% | ||
| Q2 25 | 8.4% | 1.8% | ||
| Q1 25 | 6.4% | 8.2% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 3.5% | 5.9% | ||
| Q2 24 | 4.5% | -24.3% | ||
| Q1 24 | 5.4% | -35.1% |
| Q4 25 | $0.39 | $0.11 | ||
| Q3 25 | $0.74 | $0.08 | ||
| Q2 25 | $0.78 | $0.04 | ||
| Q1 25 | $0.52 | $0.24 | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $0.24 | $0.24 | ||
| Q2 24 | $0.34 | $-1.21 | ||
| Q1 24 | $0.35 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $-127.4M |
| Total Assets | $456.1M | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $255.9M | ||
| Q3 25 | $38.6M | $185.5M | ||
| Q2 25 | $53.7M | $145.0M | ||
| Q1 25 | $28.4M | $111.2M | ||
| Q4 24 | $36.0M | $407.4M | ||
| Q3 24 | $111.5M | $335.1M | ||
| Q2 24 | $97.7M | $185.3M | ||
| Q1 24 | $83.9M | $156.7M |
| Q4 25 | $358.8M | $-127.4M | ||
| Q3 25 | $371.5M | $-302.4M | ||
| Q2 25 | $356.2M | $-318.4M | ||
| Q1 25 | $341.4M | $-323.1M | ||
| Q4 24 | $331.6M | $-421.4M | ||
| Q3 24 | $350.9M | $-360.8M | ||
| Q2 24 | $346.0M | $-283.0M | ||
| Q1 24 | $340.6M | $161.9M |
| Q4 25 | $456.1M | $797.6M | ||
| Q3 25 | $462.6M | $650.2M | ||
| Q2 25 | $471.9M | $606.7M | ||
| Q1 25 | $421.9M | $570.5M | ||
| Q4 24 | $404.7M | $876.8M | ||
| Q3 24 | $422.6M | $810.9M | ||
| Q2 24 | $414.6M | $645.5M | ||
| Q1 24 | $397.2M | $583.6M |
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 | $34.8M |
| Free Cash FlowOCF − Capex | $-2.2M | $30.5M |
| FCF MarginFCF / Revenue | -1.4% | 13.9% |
| Capex IntensityCapex / Revenue | 0.9% | 2.0% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $34.8M | ||
| Q3 25 | $-17.0M | $59.2M | ||
| Q2 25 | $28.5M | $56.1M | ||
| Q1 25 | $-3.3M | $-176.5M | ||
| Q4 24 | $19.0M | $223.4M | ||
| Q3 24 | $16.2M | $200.3M | ||
| Q2 24 | $18.8M | $90.0M | ||
| Q1 24 | $1.4M | $-206.3M |
| Q4 25 | $-2.2M | $30.5M | ||
| Q3 25 | $-18.7M | $57.6M | ||
| Q2 25 | $26.9M | $55.3M | ||
| Q1 25 | $-5.5M | $-177.6M | ||
| Q4 24 | $16.3M | $207.0M | ||
| Q3 24 | $14.5M | $199.3M | ||
| Q2 24 | $15.5M | $83.7M | ||
| Q1 24 | $-580.0K | $-214.8M |
| Q4 25 | -1.4% | 13.9% | ||
| Q3 25 | -10.6% | 35.0% | ||
| Q2 25 | 15.0% | 35.6% | ||
| Q1 25 | -3.5% | -83.8% | ||
| Q4 24 | 12.6% | 91.7% | ||
| Q3 24 | 10.8% | 71.6% | ||
| Q2 24 | 10.7% | 30.8% | ||
| Q1 24 | -0.5% | -210.3% |
| Q4 25 | 0.9% | 2.0% | ||
| Q3 25 | 1.0% | 0.9% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 1.4% | 0.5% | ||
| Q4 24 | 2.1% | 7.3% | ||
| Q3 24 | 1.3% | 0.4% | ||
| Q2 24 | 2.2% | 2.3% | ||
| Q1 24 | 1.5% | 8.3% |
| Q4 25 | -0.09× | 2.52× | ||
| Q3 25 | -1.17× | 9.85× | ||
| Q2 25 | 1.88× | 20.50× | ||
| Q1 25 | -0.32× | -10.18× | ||
| Q4 24 | 17.56× | — | ||
| Q3 24 | 3.48× | 12.23× | ||
| 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% |
PWP
Segment breakdown not available.
