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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and TENNANT CO (TNC). Click either name above to swap in a different company.
TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $159.9M, roughly 1.8× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -1.5%, a 6.3% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -11.3%). TENNANT CO produced more free cash flow last quarter ($9.7M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -3.2%).
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.
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
IIIN vs TNC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $291.6M |
| Net Profit | $7.6M | $-4.4M |
| Gross Margin | 11.3% | 34.6% |
| Operating Margin | 6.0% | -1.4% |
| Net Margin | 4.7% | -1.5% |
| Revenue YoY | 23.3% | -11.3% |
| Net Profit YoY | 602.4% | -166.7% |
| EPS (diluted) | $0.39 | $-0.21 |
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 | $291.6M | ||
| Q3 25 | $177.4M | $303.3M | ||
| Q2 25 | $179.9M | $318.6M | ||
| Q1 25 | $160.7M | $290.0M | ||
| Q4 24 | $129.7M | $328.9M | ||
| Q3 24 | $134.3M | $315.8M | ||
| Q2 24 | $145.8M | $331.0M | ||
| Q1 24 | $127.4M | $311.0M |
| Q4 25 | $7.6M | $-4.4M | ||
| Q3 25 | $14.6M | $14.9M | ||
| Q2 25 | $15.2M | $20.2M | ||
| Q1 25 | $10.2M | $13.1M | ||
| Q4 24 | $1.1M | $6.6M | ||
| Q3 24 | $4.7M | $20.8M | ||
| Q2 24 | $6.6M | $27.9M | ||
| Q1 24 | $6.9M | $28.4M |
| Q4 25 | 11.3% | 34.6% | ||
| Q3 25 | 16.1% | 42.7% | ||
| Q2 25 | 17.1% | 42.1% | ||
| Q1 25 | 15.3% | 41.4% | ||
| Q4 24 | 7.3% | 41.3% | ||
| Q3 24 | 9.1% | 42.4% | ||
| Q2 24 | 10.6% | 43.1% | ||
| Q1 24 | 12.3% | 44.2% |
| Q4 25 | 6.0% | -1.4% | ||
| Q3 25 | 10.8% | 7.4% | ||
| Q2 25 | 11.0% | 9.6% | ||
| Q1 25 | 8.3% | 6.8% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 4.5% | 9.7% | ||
| Q2 24 | 6.0% | 11.7% | ||
| Q1 24 | 7.0% | 12.1% |
| Q4 25 | 4.7% | -1.5% | ||
| Q3 25 | 8.2% | 4.9% | ||
| Q2 25 | 8.4% | 6.3% | ||
| Q1 25 | 6.4% | 4.5% | ||
| Q4 24 | 0.8% | 2.0% | ||
| Q3 24 | 3.5% | 6.6% | ||
| Q2 24 | 4.5% | 8.4% | ||
| Q1 24 | 5.4% | 9.1% |
| Q4 25 | $0.39 | $-0.21 | ||
| Q3 25 | $0.74 | $0.80 | ||
| Q2 25 | $0.78 | $1.08 | ||
| Q1 25 | $0.52 | $0.69 | ||
| Q4 24 | $0.06 | $0.35 | ||
| Q3 24 | $0.24 | $1.09 | ||
| Q2 24 | $0.34 | $1.45 | ||
| Q1 24 | $0.35 | $1.49 |
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 | — |
| Total DebtLower is stronger | — | $273.2M |
| Stockholders' EquityBook value | $358.8M | $601.6M |
| Total Assets | $456.1M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | — | ||
| Q3 25 | $38.6M | — | ||
| Q2 25 | $53.7M | — | ||
| Q1 25 | $28.4M | — | ||
| Q4 24 | $36.0M | — | ||
| Q3 24 | $111.5M | — | ||
| Q2 24 | $97.7M | — | ||
| Q1 24 | $83.9M | — |
| Q4 25 | — | $273.2M | ||
| Q3 25 | — | $238.3M | ||
| Q2 25 | — | $213.4M | ||
| Q1 25 | — | $213.3M | ||
| Q4 24 | — | $198.2M | ||
| Q3 24 | — | $208.6M | ||
| Q2 24 | — | $205.6M | ||
| Q1 24 | — | $207.4M |
| Q4 25 | $358.8M | $601.6M | ||
| Q3 25 | $371.5M | $640.9M | ||
| Q2 25 | $356.2M | $651.9M | ||
| Q1 25 | $341.4M | $624.4M | ||
| Q4 24 | $331.6M | $620.8M | ||
| Q3 24 | $350.9M | $647.2M | ||
| Q2 24 | $346.0M | $624.6M | ||
| Q1 24 | $340.6M | $614.6M |
| Q4 25 | $456.1M | $1.3B | ||
| Q3 25 | $462.6M | $1.3B | ||
| Q2 25 | $471.9M | $1.2B | ||
| Q1 25 | $421.9M | $1.2B | ||
| Q4 24 | $404.7M | $1.2B | ||
| Q3 24 | $422.6M | $1.2B | ||
| Q2 24 | $414.6M | $1.2B | ||
| Q1 24 | $397.2M | $1.2B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $14.2M |
| Free Cash FlowOCF − Capex | $-2.2M | $9.7M |
| FCF MarginFCF / Revenue | -1.4% | 3.3% |
| Capex IntensityCapex / Revenue | 0.9% | 1.5% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $14.2M | ||
| Q3 25 | $-17.0M | $28.7M | ||
| Q2 25 | $28.5M | $22.5M | ||
| Q1 25 | $-3.3M | $-400.0K | ||
| Q4 24 | $19.0M | $37.5M | ||
| Q3 24 | $16.2M | $30.7M | ||
| Q2 24 | $18.8M | $18.6M | ||
| Q1 24 | $1.4M | $2.9M |
| Q4 25 | $-2.2M | $9.7M | ||
| Q3 25 | $-18.7M | $22.3M | ||
| Q2 25 | $26.9M | $18.7M | ||
| Q1 25 | $-5.5M | $-7.4M | ||
| Q4 24 | $16.3M | $28.1M | ||
| Q3 24 | $14.5M | $26.4M | ||
| Q2 24 | $15.5M | $14.4M | ||
| Q1 24 | $-580.0K | $-100.0K |
| Q4 25 | -1.4% | 3.3% | ||
| Q3 25 | -10.6% | 7.4% | ||
| Q2 25 | 15.0% | 5.9% | ||
| Q1 25 | -3.5% | -2.6% | ||
| Q4 24 | 12.6% | 8.5% | ||
| Q3 24 | 10.8% | 8.4% | ||
| Q2 24 | 10.7% | 4.4% | ||
| Q1 24 | -0.5% | -0.0% |
| Q4 25 | 0.9% | 1.5% | ||
| Q3 25 | 1.0% | 2.1% | ||
| Q2 25 | 0.9% | 1.2% | ||
| Q1 25 | 1.4% | 2.4% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 1.3% | 1.4% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 1.5% | 1.0% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | -1.17× | 1.93× | ||
| Q2 25 | 1.88× | 1.11× | ||
| Q1 25 | -0.32× | -0.03× | ||
| Q4 24 | 17.56× | 5.68× | ||
| Q3 24 | 3.48× | 1.48× | ||
| Q2 24 | 2.86× | 0.67× | ||
| 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% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
