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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $159.9M, roughly 1.6× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 1.4%, a 3.4% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -9.4%). Smith Douglas Homes Corp. produced more free cash flow last quarter ($8.7M vs $-2.2M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
IIIN vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $260.4M |
| Net Profit | $7.6M | $3.5M |
| Gross Margin | 11.3% | 19.9% |
| Operating Margin | 6.0% | 6.5% |
| Net Margin | 4.7% | 1.4% |
| Revenue YoY | 23.3% | -9.4% |
| Net Profit YoY | 602.4% | -14.3% |
| EPS (diluted) | $0.39 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $177.4M | $262.0M | ||
| Q2 25 | $179.9M | $223.9M | ||
| Q1 25 | $160.7M | $224.7M | ||
| Q4 24 | $129.7M | $287.5M | ||
| Q3 24 | $134.3M | $277.8M | ||
| Q2 24 | $145.8M | $220.9M | ||
| Q1 24 | $127.4M | $189.2M |
| Q4 25 | $7.6M | $3.5M | ||
| Q3 25 | $14.6M | $2.1M | ||
| Q2 25 | $15.2M | $2.4M | ||
| Q1 25 | $10.2M | $2.7M | ||
| Q4 24 | $1.1M | $4.1M | ||
| Q3 24 | $4.7M | $5.3M | ||
| Q2 24 | $6.6M | $3.6M | ||
| Q1 24 | $6.9M | $3.0M |
| Q4 25 | 11.3% | 19.9% | ||
| Q3 25 | 16.1% | 21.0% | ||
| Q2 25 | 17.1% | 23.2% | ||
| Q1 25 | 15.3% | 23.8% | ||
| Q4 24 | 7.3% | 25.5% | ||
| Q3 24 | 9.1% | 26.5% | ||
| Q2 24 | 10.6% | 26.7% | ||
| Q1 24 | 12.3% | 26.1% |
| Q4 25 | 6.0% | 6.5% | ||
| Q3 25 | 10.8% | 6.6% | ||
| Q2 25 | 11.0% | 7.7% | ||
| Q1 25 | 8.3% | 8.7% | ||
| Q4 24 | 1.1% | 10.4% | ||
| Q3 24 | 4.5% | 14.2% | ||
| Q2 24 | 6.0% | 11.7% | ||
| Q1 24 | 7.0% | 11.3% |
| Q4 25 | 4.7% | 1.4% | ||
| Q3 25 | 8.2% | 0.8% | ||
| Q2 25 | 8.4% | 1.1% | ||
| Q1 25 | 6.4% | 1.2% | ||
| Q4 24 | 0.8% | 1.4% | ||
| Q3 24 | 3.5% | 1.9% | ||
| Q2 24 | 4.5% | 1.7% | ||
| Q1 24 | 5.4% | 1.6% |
| Q4 25 | $0.39 | $0.39 | ||
| Q3 25 | $0.74 | $0.24 | ||
| Q2 25 | $0.78 | $0.26 | ||
| Q1 25 | $0.52 | $0.30 | ||
| Q4 24 | $0.06 | $0.50 | ||
| Q3 24 | $0.24 | $0.58 | ||
| Q2 24 | $0.34 | $0.40 | ||
| Q1 24 | $0.35 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $86.7M |
| Total Assets | $456.1M | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $12.7M | ||
| Q3 25 | $38.6M | $14.8M | ||
| Q2 25 | $53.7M | $16.8M | ||
| Q1 25 | $28.4M | $12.7M | ||
| Q4 24 | $36.0M | $22.4M | ||
| Q3 24 | $111.5M | $23.7M | ||
| Q2 24 | $97.7M | $17.3M | ||
| Q1 24 | $83.9M | $32.8M |
| Q4 25 | $358.8M | $86.7M | ||
| Q3 25 | $371.5M | $82.2M | ||
| Q2 25 | $356.2M | $80.0M | ||
| Q1 25 | $341.4M | $76.9M | ||
| Q4 24 | $331.6M | $73.6M | ||
| Q3 24 | $350.9M | $68.4M | ||
| Q2 24 | $346.0M | $62.1M | ||
| Q1 24 | $340.6M | $59.7M |
| Q4 25 | $456.1M | $557.6M | ||
| Q3 25 | $462.6M | $571.6M | ||
| Q2 25 | $471.9M | $570.2M | ||
| Q1 25 | $421.9M | $513.9M | ||
| Q4 24 | $404.7M | $475.9M | ||
| Q3 24 | $422.6M | $460.1M | ||
| Q2 24 | $414.6M | $429.3M | ||
| Q1 24 | $397.2M | $401.3M |
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 | $9.8M |
| Free Cash FlowOCF − Capex | $-2.2M | $8.7M |
| FCF MarginFCF / Revenue | -1.4% | 3.4% |
| Capex IntensityCapex / Revenue | 0.9% | 0.4% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $9.8M | ||
| Q3 25 | $-17.0M | $22.8M | ||
| Q2 25 | $28.5M | $-28.9M | ||
| Q1 25 | $-3.3M | $-34.9M | ||
| Q4 24 | $19.0M | $5.5M | ||
| Q3 24 | $16.2M | $22.9M | ||
| Q2 24 | $18.8M | $39.0K | ||
| Q1 24 | $1.4M | $-9.3M |
| Q4 25 | $-2.2M | $8.7M | ||
| Q3 25 | $-18.7M | $21.4M | ||
| Q2 25 | $26.9M | $-31.1M | ||
| Q1 25 | $-5.5M | $-35.9M | ||
| Q4 24 | $16.3M | $4.8M | ||
| Q3 24 | $14.5M | $22.3M | ||
| Q2 24 | $15.5M | $-2.1M | ||
| Q1 24 | $-580.0K | $-9.7M |
| Q4 25 | -1.4% | 3.4% | ||
| Q3 25 | -10.6% | 8.2% | ||
| Q2 25 | 15.0% | -13.9% | ||
| Q1 25 | -3.5% | -16.0% | ||
| Q4 24 | 12.6% | 1.7% | ||
| Q3 24 | 10.8% | 8.0% | ||
| Q2 24 | 10.7% | -1.0% | ||
| Q1 24 | -0.5% | -5.1% |
| Q4 25 | 0.9% | 0.4% | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | 0.9% | 0.9% | ||
| Q1 25 | 1.4% | 0.5% | ||
| Q4 24 | 2.1% | 0.2% | ||
| Q3 24 | 1.3% | 0.2% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 1.5% | 0.2% |
| Q4 25 | -0.09× | 2.77× | ||
| Q3 25 | -1.17× | 10.70× | ||
| Q2 25 | 1.88× | -12.24× | ||
| Q1 25 | -0.32× | -13.01× | ||
| Q4 24 | 17.56× | 1.33× | ||
| Q3 24 | 3.48× | 4.28× | ||
| Q2 24 | 2.86× | 0.01× | ||
| Q1 24 | 0.20× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
