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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $103.6M, roughly 1.5× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 4.7%, a 5.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 21.0%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-2.2M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
IIIN vs TCMD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $103.6M |
| Net Profit | $7.6M | $10.6M |
| Gross Margin | 11.3% | 78.2% |
| Operating Margin | 6.0% | 18.1% |
| Net Margin | 4.7% | 10.3% |
| Revenue YoY | 23.3% | 21.0% |
| Net Profit YoY | 602.4% | 9.4% |
| EPS (diluted) | $0.39 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $177.4M | $85.8M | ||
| Q2 25 | $179.9M | $78.9M | ||
| Q1 25 | $160.7M | $61.3M | ||
| Q4 24 | $129.7M | $85.6M | ||
| Q3 24 | $134.3M | $73.1M | ||
| Q2 24 | $145.8M | $73.2M | ||
| Q1 24 | $127.4M | $61.1M |
| Q4 25 | $7.6M | $10.6M | ||
| Q3 25 | $14.6M | $8.2M | ||
| Q2 25 | $15.2M | $3.2M | ||
| Q1 25 | $10.2M | $-3.0M | ||
| Q4 24 | $1.1M | $9.7M | ||
| Q3 24 | $4.7M | $5.2M | ||
| Q2 24 | $6.6M | $4.3M | ||
| Q1 24 | $6.9M | $-2.2M |
| Q4 25 | 11.3% | 78.2% | ||
| Q3 25 | 16.1% | 75.8% | ||
| Q2 25 | 17.1% | 74.5% | ||
| Q1 25 | 15.3% | 74.0% | ||
| Q4 24 | 7.3% | 75.2% | ||
| Q3 24 | 9.1% | 75.0% | ||
| Q2 24 | 10.6% | 73.9% | ||
| Q1 24 | 12.3% | 71.1% |
| Q4 25 | 6.0% | 18.1% | ||
| Q3 25 | 10.8% | 12.8% | ||
| Q2 25 | 11.0% | 5.2% | ||
| Q1 25 | 8.3% | -7.4% | ||
| Q4 24 | 1.1% | 14.6% | ||
| Q3 24 | 4.5% | 9.3% | ||
| Q2 24 | 6.0% | 8.0% | ||
| Q1 24 | 7.0% | -4.9% |
| Q4 25 | 4.7% | 10.3% | ||
| Q3 25 | 8.2% | 9.6% | ||
| Q2 25 | 8.4% | 4.1% | ||
| Q1 25 | 6.4% | -4.9% | ||
| Q4 24 | 0.8% | 11.4% | ||
| Q3 24 | 3.5% | 7.1% | ||
| Q2 24 | 4.5% | 5.9% | ||
| Q1 24 | 5.4% | -3.6% |
| Q4 25 | $0.39 | $0.45 | ||
| Q3 25 | $0.74 | $0.36 | ||
| Q2 25 | $0.78 | $0.14 | ||
| Q1 25 | $0.52 | $-0.13 | ||
| Q4 24 | $0.06 | $0.40 | ||
| Q3 24 | $0.24 | $0.21 | ||
| Q2 24 | $0.34 | $0.18 | ||
| Q1 24 | $0.35 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $358.8M | $218.9M |
| Total Assets | $456.1M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $83.4M | ||
| Q3 25 | $38.6M | $66.0M | ||
| Q2 25 | $53.7M | $81.5M | ||
| Q1 25 | $28.4M | $83.6M | ||
| Q4 24 | $36.0M | $94.4M | ||
| Q3 24 | $111.5M | $82.1M | ||
| Q2 24 | $97.7M | $73.6M | ||
| Q1 24 | $83.9M | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $358.8M | $218.9M | ||
| Q3 25 | $371.5M | $204.9M | ||
| Q2 25 | $356.2M | $194.9M | ||
| Q1 25 | $341.4M | $205.6M | ||
| Q4 24 | $331.6M | $216.6M | ||
| Q3 24 | $350.9M | $207.9M | ||
| Q2 24 | $346.0M | $200.7M | ||
| Q1 24 | $340.6M | $193.5M |
| Q4 25 | $456.1M | $273.9M | ||
| Q3 25 | $462.6M | $259.2M | ||
| Q2 25 | $471.9M | $273.0M | ||
| Q1 25 | $421.9M | $280.2M | ||
| Q4 24 | $404.7M | $297.9M | ||
| Q3 24 | $422.6M | $287.7M | ||
| Q2 24 | $414.6M | $278.8M | ||
| Q1 24 | $397.2M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-2.2M | $16.8M |
| FCF MarginFCF / Revenue | -1.4% | 16.2% |
| Capex IntensityCapex / Revenue | 0.9% | 0.5% |
| Cash ConversionOCF / Net Profit | -0.09× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $17.3M | ||
| Q3 25 | $-17.0M | $10.3M | ||
| Q2 25 | $28.5M | $14.8M | ||
| Q1 25 | $-3.3M | $417.0K | ||
| Q4 24 | $19.0M | $16.3M | ||
| Q3 24 | $16.2M | $10.3M | ||
| Q2 24 | $18.8M | $13.1M | ||
| Q1 24 | $1.4M | $924.0K |
| Q4 25 | $-2.2M | $16.8M | ||
| Q3 25 | $-18.7M | $9.2M | ||
| Q2 25 | $26.9M | $14.4M | ||
| Q1 25 | $-5.5M | $38.0K | ||
| Q4 24 | $16.3M | $15.9M | ||
| Q3 24 | $14.5M | $9.3M | ||
| Q2 24 | $15.5M | $12.6M | ||
| Q1 24 | $-580.0K | $442.0K |
| Q4 25 | -1.4% | 16.2% | ||
| Q3 25 | -10.6% | 10.8% | ||
| Q2 25 | 15.0% | 18.2% | ||
| Q1 25 | -3.5% | 0.1% | ||
| Q4 24 | 12.6% | 18.5% | ||
| Q3 24 | 10.8% | 12.7% | ||
| Q2 24 | 10.7% | 17.3% | ||
| Q1 24 | -0.5% | 0.7% |
| Q4 25 | 0.9% | 0.5% | ||
| Q3 25 | 1.0% | 1.3% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 1.4% | 0.6% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 1.3% | 1.3% | ||
| Q2 24 | 2.2% | 0.7% | ||
| Q1 24 | 1.5% | 0.8% |
| Q4 25 | -0.09× | 1.63× | ||
| Q3 25 | -1.17× | 1.26× | ||
| Q2 25 | 1.88× | 4.59× | ||
| Q1 25 | -0.32× | — | ||
| Q4 24 | 17.56× | 1.68× | ||
| Q3 24 | 3.48× | 1.99× | ||
| Q2 24 | 2.86× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
