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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
CVR PARTNERS, LP is the larger business by last-quarter revenue ($180.0M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). CVR PARTNERS, LP runs the higher net margin — 27.7% vs 4.7%, a 23.0% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 23.3%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% 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.
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
IIIN vs UAN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $180.0M |
| Net Profit | $7.6M | $49.9M |
| Gross Margin | 11.3% | 37.5% |
| Operating Margin | 6.0% | 32.0% |
| Net Margin | 4.7% | 27.7% |
| Revenue YoY | 23.3% | 26.0% |
| Net Profit YoY | 602.4% | 84.3% |
| EPS (diluted) | $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.
| Q1 26 | — | $180.0M | ||
| Q4 25 | $159.9M | $131.1M | ||
| Q3 25 | $177.4M | $163.5M | ||
| Q2 25 | $179.9M | $168.6M | ||
| Q1 25 | $160.7M | $142.9M | ||
| Q4 24 | $129.7M | $139.6M | ||
| Q3 24 | $134.3M | $125.2M | ||
| Q2 24 | $145.8M | $132.9M |
| Q1 26 | — | $49.9M | ||
| Q4 25 | $7.6M | $-10.3M | ||
| Q3 25 | $14.6M | $43.1M | ||
| Q2 25 | $15.2M | $38.8M | ||
| Q1 25 | $10.2M | $27.1M | ||
| Q4 24 | $1.1M | $18.3M | ||
| Q3 24 | $4.7M | $3.8M | ||
| Q2 24 | $6.6M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | 11.3% | 4.4% | ||
| Q3 25 | 16.1% | 37.0% | ||
| Q2 25 | 17.1% | 32.4% | ||
| Q1 25 | 15.3% | 29.7% | ||
| Q4 24 | 7.3% | 23.8% | ||
| Q3 24 | 9.1% | 14.7% | ||
| Q2 24 | 10.6% | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | 6.0% | -2.2% | ||
| Q3 25 | 10.8% | 31.0% | ||
| Q2 25 | 11.0% | 27.5% | ||
| Q1 25 | 8.3% | 24.2% | ||
| Q4 24 | 1.1% | 18.4% | ||
| Q3 24 | 4.5% | 8.8% | ||
| Q2 24 | 6.0% | 25.3% |
| Q1 26 | — | 27.7% | ||
| Q4 25 | 4.7% | -7.8% | ||
| Q3 25 | 8.2% | 26.3% | ||
| Q2 25 | 8.4% | 23.0% | ||
| Q1 25 | 6.4% | 19.0% | ||
| Q4 24 | 0.8% | 13.1% | ||
| Q3 24 | 3.5% | 3.0% | ||
| Q2 24 | 4.5% | 19.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $-0.98 | ||
| Q3 25 | $0.74 | $4.08 | ||
| Q2 25 | $0.78 | $3.67 | ||
| Q1 25 | $0.52 | $2.56 | ||
| Q4 24 | $0.06 | $1.73 | ||
| Q3 24 | $0.24 | $0.36 | ||
| Q2 24 | $0.34 | $2.48 |
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 | $128.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | — |
| Total Assets | $456.1M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $15.6M | $69.2M | ||
| Q3 25 | $38.6M | $156.2M | ||
| Q2 25 | $53.7M | $114.4M | ||
| Q1 25 | $28.4M | $121.8M | ||
| Q4 24 | $36.0M | $90.9M | ||
| Q3 24 | $111.5M | $110.5M | ||
| Q2 24 | $97.7M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $569.1M | ||
| Q3 25 | — | $569.1M | ||
| Q2 25 | — | $569.2M | ||
| Q1 25 | — | $569.3M | ||
| Q4 24 | — | $568.0M | ||
| Q3 24 | — | $547.7M | ||
| Q2 24 | — | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $358.8M | — | ||
| Q3 25 | $371.5M | — | ||
| Q2 25 | $356.2M | — | ||
| Q1 25 | $341.4M | — | ||
| Q4 24 | $331.6M | — | ||
| Q3 24 | $350.9M | — | ||
| Q2 24 | $346.0M | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $456.1M | $969.5M | ||
| Q3 25 | $462.6M | $1.0B | ||
| Q2 25 | $471.9M | $998.0M | ||
| Q1 25 | $421.9M | $1.0B | ||
| Q4 24 | $404.7M | $1.0B | ||
| Q3 24 | $422.6M | $986.6M | ||
| Q2 24 | $414.6M | $959.4M |
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 | — |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -1.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | 7.6% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-701.0K | $-21.6M | ||
| Q3 25 | $-17.0M | $91.7M | ||
| Q2 25 | $28.5M | $24.1M | ||
| Q1 25 | $-3.3M | $55.4M | ||
| Q4 24 | $19.0M | $12.8M | ||
| Q3 24 | $16.2M | $86.7M | ||
| Q2 24 | $18.8M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $-45.2M | ||
| Q3 25 | $-18.7M | $80.1M | ||
| Q2 25 | $26.9M | $18.4M | ||
| Q1 25 | $-5.5M | $45.5M | ||
| Q4 24 | $16.3M | $-5.6M | ||
| Q3 24 | $14.5M | $82.3M | ||
| Q2 24 | $15.5M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | -34.5% | ||
| Q3 25 | -10.6% | 49.0% | ||
| Q2 25 | 15.0% | 10.9% | ||
| Q1 25 | -3.5% | 31.9% | ||
| Q4 24 | 12.6% | -4.0% | ||
| Q3 24 | 10.8% | 65.7% | ||
| Q2 24 | 10.7% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.9% | 18.0% | ||
| Q3 25 | 1.0% | 7.1% | ||
| Q2 25 | 0.9% | 3.4% | ||
| Q1 25 | 1.4% | 6.9% | ||
| Q4 24 | 2.1% | 13.1% | ||
| Q3 24 | 1.3% | 3.6% | ||
| Q2 24 | 2.2% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | — | ||
| Q3 25 | -1.17× | 2.13× | ||
| Q2 25 | 1.88× | 0.62× | ||
| Q1 25 | -0.32× | 2.04× | ||
| Q4 24 | 17.56× | 0.70× | ||
| Q3 24 | 3.48× | 22.78× | ||
| Q2 24 | 2.86× | 0.33× |
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% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
