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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and VICOR CORP (VICR). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $113.0M, roughly 1.4× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs 4.7%, a 13.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 20.2%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
IIIN vs VICR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $113.0M |
| Net Profit | $7.6M | $20.7M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | 59.7% |
| Net Margin | 4.7% | 18.3% |
| Revenue YoY | 23.3% | 20.2% |
| Net Profit YoY | 602.4% | 713.9% |
| EPS (diluted) | $0.39 | $0.44 |
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 | — | $113.0M | ||
| Q4 25 | $159.9M | $107.3M | ||
| Q3 25 | $177.4M | $110.4M | ||
| Q2 25 | $179.9M | $96.0M | ||
| Q1 25 | $160.7M | $94.0M | ||
| Q4 24 | $129.7M | $96.2M | ||
| Q3 24 | $134.3M | $93.2M | ||
| Q2 24 | $145.8M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $7.6M | $46.5M | ||
| Q3 25 | $14.6M | $28.3M | ||
| Q2 25 | $15.2M | $41.2M | ||
| Q1 25 | $10.2M | $2.5M | ||
| Q4 24 | $1.1M | $10.2M | ||
| Q3 24 | $4.7M | $11.6M | ||
| Q2 24 | $6.6M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 55.4% | ||
| Q3 25 | 16.1% | 57.5% | ||
| Q2 25 | 17.1% | 95.9% | ||
| Q1 25 | 15.3% | 47.2% | ||
| Q4 24 | 7.3% | 52.4% | ||
| Q3 24 | 9.1% | 49.1% | ||
| Q2 24 | 10.6% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | 6.0% | 14.6% | ||
| Q3 25 | 10.8% | 18.9% | ||
| Q2 25 | 11.0% | 47.3% | ||
| Q1 25 | 8.3% | -0.2% | ||
| Q4 24 | 1.1% | 9.6% | ||
| Q3 24 | 4.5% | 5.8% | ||
| Q2 24 | 6.0% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | 4.7% | 43.4% | ||
| Q3 25 | 8.2% | 25.6% | ||
| Q2 25 | 8.4% | 42.9% | ||
| Q1 25 | 6.4% | 2.7% | ||
| Q4 24 | 0.8% | 10.7% | ||
| Q3 24 | 3.5% | 12.4% | ||
| Q2 24 | 4.5% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.39 | $1.01 | ||
| Q3 25 | $0.74 | $0.63 | ||
| Q2 25 | $0.78 | $0.91 | ||
| Q1 25 | $0.52 | $0.06 | ||
| Q4 24 | $0.06 | $0.24 | ||
| Q3 24 | $0.24 | $0.26 | ||
| Q2 24 | $0.34 | $-0.03 |
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 | $404.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $754.1M |
| Total Assets | $456.1M | $804.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $15.6M | $402.8M | ||
| Q3 25 | $38.6M | $362.4M | ||
| Q2 25 | $53.7M | $338.5M | ||
| Q1 25 | $28.4M | $296.1M | ||
| Q4 24 | $36.0M | $277.3M | ||
| Q3 24 | $111.5M | $267.6M | ||
| Q2 24 | $97.7M | $251.9M |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $358.8M | $711.6M | ||
| Q3 25 | $371.5M | $630.1M | ||
| Q2 25 | $356.2M | $608.6M | ||
| Q1 25 | $341.4M | $580.3M | ||
| Q4 24 | $331.6M | $570.1M | ||
| Q3 24 | $350.9M | $554.6M | ||
| Q2 24 | $346.0M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $456.1M | $785.8M | ||
| Q3 25 | $462.6M | $710.2M | ||
| Q2 25 | $471.9M | $693.5M | ||
| Q1 25 | $421.9M | $665.0M | ||
| Q4 24 | $404.7M | $641.1M | ||
| Q3 24 | $422.6M | $632.8M | ||
| Q2 24 | $414.6M | $613.2M |
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% | — |
| 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 | $15.7M | ||
| Q3 25 | $-17.0M | $38.5M | ||
| Q2 25 | $28.5M | $65.2M | ||
| Q1 25 | $-3.3M | $20.1M | ||
| Q4 24 | $19.0M | $10.1M | ||
| Q3 24 | $16.2M | $22.6M | ||
| Q2 24 | $18.8M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $10.2M | ||
| Q3 25 | $-18.7M | $34.5M | ||
| Q2 25 | $26.9M | $59.0M | ||
| Q1 25 | $-5.5M | $15.6M | ||
| Q4 24 | $16.3M | $8.4M | ||
| Q3 24 | $14.5M | $14.1M | ||
| Q2 24 | $15.5M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | 9.5% | ||
| Q3 25 | -10.6% | 31.2% | ||
| Q2 25 | 15.0% | 61.5% | ||
| Q1 25 | -3.5% | 16.6% | ||
| Q4 24 | 12.6% | 8.7% | ||
| Q3 24 | 10.8% | 15.2% | ||
| Q2 24 | 10.7% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 5.2% | ||
| Q3 25 | 1.0% | 3.6% | ||
| Q2 25 | 0.9% | 6.5% | ||
| Q1 25 | 1.4% | 4.8% | ||
| Q4 24 | 2.1% | 1.8% | ||
| Q3 24 | 1.3% | 9.1% | ||
| Q2 24 | 2.2% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | 0.34× | ||
| Q3 25 | -1.17× | 1.36× | ||
| Q2 25 | 1.88× | 1.58× | ||
| Q1 25 | -0.32× | 7.93× | ||
| Q4 24 | 17.56× | 0.99× | ||
| Q3 24 | 3.48× | 1.95× | ||
| 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% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
