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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -15.7%, a 20.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -10.2%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-58.3M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -3.4%).
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.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
IIIN vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $183.8M |
| Net Profit | $7.6M | $-28.9M |
| Gross Margin | 11.3% | 14.3% |
| Operating Margin | 6.0% | -0.9% |
| Net Margin | 4.7% | -15.7% |
| Revenue YoY | 23.3% | -10.2% |
| Net Profit YoY | 602.4% | 67.0% |
| EPS (diluted) | $0.39 | $-0.04 |
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 | $183.8M | ||
| Q3 25 | $177.4M | $185.5M | ||
| Q2 25 | $179.9M | $189.6M | ||
| Q1 25 | $160.7M | $177.5M | ||
| Q4 24 | $129.7M | $204.8M | ||
| Q3 24 | $134.3M | $193.9M | ||
| Q2 24 | $145.8M | $196.3M | ||
| Q1 24 | $127.4M | $197.1M |
| Q4 25 | $7.6M | $-28.9M | ||
| Q3 25 | $14.6M | $-83.7M | ||
| Q2 25 | $15.2M | $-82.3M | ||
| Q1 25 | $10.2M | $-99.3M | ||
| Q4 24 | $1.1M | $-87.5M | ||
| Q3 24 | $4.7M | $-57.7M | ||
| Q2 24 | $6.6M | $-97.0M | ||
| Q1 24 | $6.9M | $-97.4M |
| Q4 25 | 11.3% | 14.3% | ||
| Q3 25 | 16.1% | 6.8% | ||
| Q2 25 | 17.1% | 8.3% | ||
| Q1 25 | 15.3% | 10.8% | ||
| Q4 24 | 7.3% | 13.9% | ||
| Q3 24 | 9.1% | 13.9% | ||
| Q2 24 | 10.6% | 2.3% | ||
| Q1 24 | 12.3% | -0.6% |
| Q4 25 | 6.0% | -0.9% | ||
| Q3 25 | 10.8% | -33.1% | ||
| Q2 25 | 11.0% | -31.4% | ||
| Q1 25 | 8.3% | -45.5% | ||
| Q4 24 | 1.1% | -26.0% | ||
| Q3 24 | 4.5% | -21.6% | ||
| Q2 24 | 6.0% | -40.3% | ||
| Q1 24 | 7.0% | -42.9% |
| Q4 25 | 4.7% | -15.7% | ||
| Q3 25 | 8.2% | -45.1% | ||
| Q2 25 | 8.4% | -43.4% | ||
| Q1 25 | 6.4% | -55.9% | ||
| Q4 24 | 0.8% | -42.7% | ||
| Q3 24 | 3.5% | -29.8% | ||
| Q2 24 | 4.5% | -49.4% | ||
| Q1 24 | 5.4% | -49.4% |
| Q4 25 | $0.39 | $-0.04 | ||
| Q3 25 | $0.74 | $-0.12 | ||
| Q2 25 | $0.78 | $-0.12 | ||
| Q1 25 | $0.52 | $-0.14 | ||
| Q4 24 | $0.06 | $-0.13 | ||
| Q3 24 | $0.24 | $-0.08 | ||
| Q2 24 | $0.34 | $-0.14 | ||
| Q1 24 | $0.35 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $358.8M | $-392.1M |
| Total Assets | $456.1M | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $133.9M | ||
| Q3 25 | $38.6M | $125.3M | ||
| Q2 25 | $53.7M | $107.0M | ||
| Q1 25 | $28.4M | $171.8M | ||
| Q4 24 | $36.0M | $216.4M | ||
| Q3 24 | $111.5M | $115.9M | ||
| Q2 24 | $97.7M | $141.5M | ||
| Q1 24 | $83.9M | $180.9M |
| Q4 25 | — | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $358.8M | $-392.1M | ||
| Q3 25 | $371.5M | $-374.5M | ||
| Q2 25 | $356.2M | $-347.8M | ||
| Q1 25 | $341.4M | $-288.1M | ||
| Q4 24 | $331.6M | $-202.1M | ||
| Q3 24 | $350.9M | $-117.7M | ||
| Q2 24 | $346.0M | $-72.2M | ||
| Q1 24 | $340.6M | $936.0K |
| Q4 25 | $456.1M | $968.8M | ||
| Q3 25 | $462.6M | $973.0M | ||
| Q2 25 | $471.9M | $1.0B | ||
| Q1 25 | $421.9M | $1.1B | ||
| Q4 24 | $404.7M | $1.2B | ||
| Q3 24 | $422.6M | $1.0B | ||
| Q2 24 | $414.6M | $1.1B | ||
| Q1 24 | $397.2M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $-2.2M | $-58.3M |
| FCF MarginFCF / Revenue | -1.4% | -31.7% |
| Capex IntensityCapex / Revenue | 0.9% | 21.7% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $-18.4M | ||
| Q3 25 | $-17.0M | $-37.1M | ||
| Q2 25 | $28.5M | $-62.9M | ||
| Q1 25 | $-3.3M | $-47.9M | ||
| Q4 24 | $19.0M | $37.9M | ||
| Q3 24 | $16.2M | $-16.9M | ||
| Q2 24 | $18.8M | $-25.2M | ||
| Q1 24 | $1.4M | $-73.8M |
| Q4 25 | $-2.2M | $-58.3M | ||
| Q3 25 | $-18.7M | $-60.4M | ||
| Q2 25 | $26.9M | $-78.6M | ||
| Q1 25 | $-5.5M | $-62.6M | ||
| Q4 24 | $16.3M | $-70.2M | ||
| Q3 24 | $14.5M | $-21.9M | ||
| Q2 24 | $15.5M | $-30.8M | ||
| Q1 24 | $-580.0K | $-77.8M |
| Q4 25 | -1.4% | -31.7% | ||
| Q3 25 | -10.6% | -32.6% | ||
| Q2 25 | 15.0% | -41.5% | ||
| Q1 25 | -3.5% | -35.3% | ||
| Q4 24 | 12.6% | -34.3% | ||
| Q3 24 | 10.8% | -11.3% | ||
| Q2 24 | 10.7% | -15.7% | ||
| Q1 24 | -0.5% | -39.5% |
| Q4 25 | 0.9% | 21.7% | ||
| Q3 25 | 1.0% | 12.5% | ||
| Q2 25 | 0.9% | 8.3% | ||
| Q1 25 | 1.4% | 8.3% | ||
| Q4 24 | 2.1% | 52.8% | ||
| Q3 24 | 1.3% | 2.6% | ||
| Q2 24 | 2.2% | 2.9% | ||
| Q1 24 | 1.5% | 2.0% |
| 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× | — | ||
| 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% |
UP
Segment breakdown not available.
