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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $97.9M, roughly 1.6× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 4.7%, a 23.7% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 6.5%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
IIIN vs SAFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $97.9M |
| Net Profit | $7.6M | $27.9M |
| Gross Margin | 11.3% | 98.6% |
| Operating Margin | 6.0% | 27.4% |
| Net Margin | 4.7% | 28.5% |
| Revenue YoY | 23.3% | 6.5% |
| Net Profit YoY | 602.4% | 7.1% |
| EPS (diluted) | $0.39 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $177.4M | $96.2M | ||
| Q2 25 | $179.9M | $93.8M | ||
| Q1 25 | $160.7M | $97.7M | ||
| Q4 24 | $129.7M | $91.9M | ||
| Q3 24 | $134.3M | $90.7M | ||
| Q2 24 | $145.8M | $89.9M | ||
| Q1 24 | $127.4M | $93.2M |
| Q4 25 | $7.6M | $27.9M | ||
| Q3 25 | $14.6M | $29.3M | ||
| Q2 25 | $15.2M | $27.9M | ||
| Q1 25 | $10.2M | $29.4M | ||
| Q4 24 | $1.1M | $26.0M | ||
| Q3 24 | $4.7M | $19.3M | ||
| Q2 24 | $6.6M | $29.7M | ||
| Q1 24 | $6.9M | $30.7M |
| Q4 25 | 11.3% | 98.6% | ||
| Q3 25 | 16.1% | 98.5% | ||
| Q2 25 | 17.1% | 99.1% | ||
| Q1 25 | 15.3% | 98.8% | ||
| Q4 24 | 7.3% | 98.8% | ||
| Q3 24 | 9.1% | 98.8% | ||
| Q2 24 | 10.6% | 98.8% | ||
| Q1 24 | 12.3% | 98.8% |
| Q4 25 | 6.0% | 27.4% | ||
| Q3 25 | 10.8% | 25.9% | ||
| Q2 25 | 11.0% | 25.5% | ||
| Q1 25 | 8.3% | 25.9% | ||
| Q4 24 | 1.1% | 24.6% | ||
| Q3 24 | 4.5% | 17.5% | ||
| Q2 24 | 6.0% | 26.7% | ||
| Q1 24 | 7.0% | 26.4% |
| Q4 25 | 4.7% | 28.5% | ||
| Q3 25 | 8.2% | 30.5% | ||
| Q2 25 | 8.4% | 29.8% | ||
| Q1 25 | 6.4% | 30.1% | ||
| Q4 24 | 0.8% | 28.3% | ||
| Q3 24 | 3.5% | 21.3% | ||
| Q2 24 | 4.5% | 33.0% | ||
| Q1 24 | 5.4% | 33.0% |
| Q4 25 | $0.39 | $0.38 | ||
| Q3 25 | $0.74 | $0.41 | ||
| Q2 25 | $0.78 | $0.39 | ||
| Q1 25 | $0.52 | $0.41 | ||
| Q4 24 | $0.06 | $0.36 | ||
| Q3 24 | $0.24 | $0.27 | ||
| Q2 24 | $0.34 | $0.42 | ||
| Q1 24 | $0.35 | $0.43 |
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 | — | $4.6B |
| Stockholders' EquityBook value | $358.8M | $2.4B |
| Total Assets | $456.1M | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $21.7M | ||
| Q3 25 | $38.6M | $12.1M | ||
| Q2 25 | $53.7M | $13.9M | ||
| Q1 25 | $28.4M | $17.3M | ||
| Q4 24 | $36.0M | $8.3M | ||
| Q3 24 | $111.5M | $15.6M | ||
| Q2 24 | $97.7M | $13.4M | ||
| Q1 24 | $83.9M | $11.3M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $358.8M | $2.4B | ||
| Q3 25 | $371.5M | $2.4B | ||
| Q2 25 | $356.2M | $2.4B | ||
| Q1 25 | $341.4M | $2.4B | ||
| Q4 24 | $331.6M | $2.3B | ||
| Q3 24 | $350.9M | $2.3B | ||
| Q2 24 | $346.0M | $2.3B | ||
| Q1 24 | $340.6M | $2.3B |
| Q4 25 | $456.1M | $7.2B | ||
| Q3 25 | $462.6M | $7.1B | ||
| Q2 25 | $471.9M | $7.1B | ||
| Q1 25 | $421.9M | $6.9B | ||
| Q4 24 | $404.7M | $6.9B | ||
| Q3 24 | $422.6M | $6.8B | ||
| Q2 24 | $414.6M | $6.8B | ||
| Q1 24 | $397.2M | $6.7B |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -1.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | -0.09× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $47.8M | ||
| Q3 25 | $-17.0M | $-1.4M | ||
| Q2 25 | $28.5M | $28.0M | ||
| Q1 25 | $-3.3M | $8.9M | ||
| Q4 24 | $19.0M | $37.9M | ||
| Q3 24 | $16.2M | $8.3M | ||
| Q2 24 | $18.8M | $24.8M | ||
| Q1 24 | $1.4M | $-3.1M |
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $-18.7M | — | ||
| Q2 25 | $26.9M | — | ||
| Q1 25 | $-5.5M | — | ||
| Q4 24 | $16.3M | — | ||
| Q3 24 | $14.5M | — | ||
| Q2 24 | $15.5M | — | ||
| Q1 24 | $-580.0K | — |
| Q4 25 | -1.4% | — | ||
| Q3 25 | -10.6% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | -3.5% | — | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | -0.5% | — |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | -0.09× | 1.72× | ||
| Q3 25 | -1.17× | -0.05× | ||
| Q2 25 | 1.88× | 1.00× | ||
| Q1 25 | -0.32× | 0.30× | ||
| Q4 24 | 17.56× | 1.45× | ||
| Q3 24 | 3.48× | 0.43× | ||
| Q2 24 | 2.86× | 0.83× | ||
| Q1 24 | 0.20× | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
