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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and ThredUp Inc. (TDUP). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $81.7M, roughly 2.0× ThredUp Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -7.9%, a 12.7% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 14.6%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 10.6%).
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.
ThredUp Inc. is an American company that operates an online resale platform specializing in the sale of second-hand clothing, footwear, and accessories. Founded in 2009 and headquartered in Oakland, California, it has established itself as one of the leading resale fashion marketplaces.
IIIN vs TDUP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $81.7M |
| Net Profit | $7.6M | $-6.5M |
| Gross Margin | 11.3% | 79.2% |
| Operating Margin | 6.0% | 12.8% |
| Net Margin | 4.7% | -7.9% |
| Revenue YoY | 23.3% | 14.6% |
| Net Profit YoY | 602.4% | -24.1% |
| EPS (diluted) | $0.39 | $-0.05 |
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.
| Q1 26 | — | $81.7M | ||
| Q4 25 | $159.9M | $79.7M | ||
| Q3 25 | $177.4M | $82.2M | ||
| Q2 25 | $179.9M | $77.7M | ||
| Q1 25 | $160.7M | $71.3M | ||
| Q4 24 | $129.7M | $67.3M | ||
| Q3 24 | $134.3M | $61.5M | ||
| Q2 24 | $145.8M | $66.7M |
| Q1 26 | — | $-6.5M | ||
| Q4 25 | $7.6M | $-5.6M | ||
| Q3 25 | $14.6M | $-4.2M | ||
| Q2 25 | $15.2M | $-5.2M | ||
| Q1 25 | $10.2M | $-5.2M | ||
| Q4 24 | $1.1M | $-21.7M | ||
| Q3 24 | $4.7M | $-24.8M | ||
| Q2 24 | $6.6M | $-14.0M |
| Q1 26 | — | 79.2% | ||
| Q4 25 | 11.3% | 79.6% | ||
| Q3 25 | 16.1% | 79.4% | ||
| Q2 25 | 17.1% | 79.5% | ||
| Q1 25 | 15.3% | 79.1% | ||
| Q4 24 | 7.3% | 80.4% | ||
| Q3 24 | 9.1% | 79.3% | ||
| Q2 24 | 10.6% | 78.8% |
| Q1 26 | — | 12.8% | ||
| Q4 25 | 6.0% | -8.4% | ||
| Q3 25 | 10.8% | -5.3% | ||
| Q2 25 | 11.0% | -6.8% | ||
| Q1 25 | 8.3% | -7.6% | ||
| Q4 24 | 1.1% | -12.1% | ||
| Q3 24 | 4.5% | -17.0% | ||
| Q2 24 | 6.0% | -14.4% |
| Q1 26 | — | -7.9% | ||
| Q4 25 | 4.7% | -7.0% | ||
| Q3 25 | 8.2% | -5.2% | ||
| Q2 25 | 8.4% | -6.7% | ||
| Q1 25 | 6.4% | -7.3% | ||
| Q4 24 | 0.8% | -32.3% | ||
| Q3 24 | 3.5% | -40.3% | ||
| Q2 24 | 4.5% | -20.9% |
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $0.39 | $-0.06 | ||
| Q3 25 | $0.74 | $-0.03 | ||
| Q2 25 | $0.78 | $-0.04 | ||
| Q1 25 | $0.52 | $-0.04 | ||
| Q4 24 | $0.06 | $-0.19 | ||
| Q3 24 | $0.24 | $-0.22 | ||
| Q2 24 | $0.34 | $-0.13 |
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 | $39.0M |
| Total DebtLower is stronger | — | $17.7M |
| Stockholders' EquityBook value | $358.8M | $59.4M |
| Total Assets | $456.1M | $172.4M |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.0M | ||
| Q4 25 | $15.6M | $38.6M | ||
| Q3 25 | $38.6M | $46.2M | ||
| Q2 25 | $53.7M | $41.0M | ||
| Q1 25 | $28.4M | $41.1M | ||
| Q4 24 | $36.0M | $31.9M | ||
| Q3 24 | $111.5M | $43.7M | ||
| Q2 24 | $97.7M | $44.8M |
| Q1 26 | — | $17.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $59.4M | ||
| Q4 25 | $358.8M | $59.2M | ||
| Q3 25 | $371.5M | $59.1M | ||
| Q2 25 | $356.2M | $60.2M | ||
| Q1 25 | $341.4M | $56.1M | ||
| Q4 24 | $331.6M | $56.3M | ||
| Q3 24 | $350.9M | $69.3M | ||
| Q2 24 | $346.0M | $86.5M |
| Q1 26 | — | $172.4M | ||
| Q4 25 | $456.1M | $167.2M | ||
| Q3 25 | $462.6M | $172.5M | ||
| Q2 25 | $471.9M | $173.6M | ||
| Q1 25 | $421.9M | $172.5M | ||
| Q4 24 | $404.7M | $171.2M | ||
| Q3 24 | $422.6M | $214.9M | ||
| Q2 24 | $414.6M | $231.2M |
| Q1 26 | — | 0.30× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $4.8M |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -1.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.8M | ||
| Q4 25 | $-701.0K | $-1.5M | ||
| Q3 25 | $-17.0M | $6.0M | ||
| Q2 25 | $28.5M | $344.0K | ||
| Q1 25 | $-3.3M | $5.7M | ||
| Q4 24 | $19.0M | $663.0K | ||
| Q3 24 | $16.2M | $3.3M | ||
| Q2 24 | $18.8M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $-3.2M | ||
| Q3 25 | $-18.7M | $2.4M | ||
| Q2 25 | $26.9M | $-2.9M | ||
| Q1 25 | $-5.5M | $3.9M | ||
| Q4 24 | $16.3M | $-1.8M | ||
| Q3 24 | $14.5M | $1.2M | ||
| Q2 24 | $15.5M | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | -4.0% | ||
| Q3 25 | -10.6% | 2.9% | ||
| Q2 25 | 15.0% | -3.8% | ||
| Q1 25 | -3.5% | 5.5% | ||
| Q4 24 | 12.6% | -2.7% | ||
| Q3 24 | 10.8% | 2.0% | ||
| Q2 24 | 10.7% | -8.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 2.2% | ||
| Q3 25 | 1.0% | 4.4% | ||
| Q2 25 | 0.9% | 4.2% | ||
| Q1 25 | 1.4% | 2.5% | ||
| Q4 24 | 2.1% | 3.7% | ||
| Q3 24 | 1.3% | 3.5% | ||
| Q2 24 | 2.2% | 1.3% |
| Q1 26 | — | — | ||
| 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× | — |
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% |
TDUP
Segment breakdown not available.
