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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $159.9M, roughly 1.3× INSTEEL INDUSTRIES INC). Vital Farms, Inc. runs the higher net margin — 7.6% vs 4.7%, a 2.9% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 23.3%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
IIIN vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $213.6M |
| Net Profit | $7.6M | $16.3M |
| Gross Margin | 11.3% | 35.8% |
| Operating Margin | 6.0% | 10.0% |
| Net Margin | 4.7% | 7.6% |
| Revenue YoY | 23.3% | 28.7% |
| Net Profit YoY | 602.4% | 54.3% |
| EPS (diluted) | $0.39 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $177.4M | $198.9M | ||
| Q2 25 | $179.9M | $184.8M | ||
| Q1 25 | $160.7M | $162.2M | ||
| Q4 24 | $129.7M | $166.0M | ||
| Q3 24 | $134.3M | $145.0M | ||
| Q2 24 | $145.8M | $147.4M | ||
| Q1 24 | $127.4M | $147.9M |
| Q4 25 | $7.6M | $16.3M | ||
| Q3 25 | $14.6M | $16.4M | ||
| Q2 25 | $15.2M | $16.6M | ||
| Q1 25 | $10.2M | $16.9M | ||
| Q4 24 | $1.1M | $10.6M | ||
| Q3 24 | $4.7M | $7.4M | ||
| Q2 24 | $6.6M | $16.3M | ||
| Q1 24 | $6.9M | $19.0M |
| Q4 25 | 11.3% | 35.8% | ||
| Q3 25 | 16.1% | 37.7% | ||
| Q2 25 | 17.1% | 38.9% | ||
| Q1 25 | 15.3% | 38.5% | ||
| Q4 24 | 7.3% | 36.1% | ||
| Q3 24 | 9.1% | 36.9% | ||
| Q2 24 | 10.6% | 39.1% | ||
| Q1 24 | 12.3% | 39.8% |
| Q4 25 | 6.0% | 10.0% | ||
| Q3 25 | 10.8% | 10.8% | ||
| Q2 25 | 11.0% | 12.9% | ||
| Q1 25 | 8.3% | 13.4% | ||
| Q4 24 | 1.1% | 7.8% | ||
| Q3 24 | 4.5% | 6.4% | ||
| Q2 24 | 6.0% | 11.6% | ||
| Q1 24 | 7.0% | 16.3% |
| Q4 25 | 4.7% | 7.6% | ||
| Q3 25 | 8.2% | 8.3% | ||
| Q2 25 | 8.4% | 9.0% | ||
| Q1 25 | 6.4% | 10.4% | ||
| Q4 24 | 0.8% | 6.4% | ||
| Q3 24 | 3.5% | 5.1% | ||
| Q2 24 | 4.5% | 11.1% | ||
| Q1 24 | 5.4% | 12.9% |
| Q4 25 | $0.39 | $0.35 | ||
| Q3 25 | $0.74 | $0.36 | ||
| Q2 25 | $0.78 | $0.36 | ||
| Q1 25 | $0.52 | $0.37 | ||
| Q4 24 | $0.06 | $0.23 | ||
| Q3 24 | $0.24 | $0.16 | ||
| Q2 24 | $0.34 | $0.36 | ||
| Q1 24 | $0.35 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $351.3M |
| Total Assets | $456.1M | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $48.8M | ||
| Q3 25 | $38.6M | $93.8M | ||
| Q2 25 | $53.7M | $108.2M | ||
| Q1 25 | $28.4M | $156.3M | ||
| Q4 24 | $36.0M | $150.6M | ||
| Q3 24 | $111.5M | $149.5M | ||
| Q2 24 | $97.7M | $133.2M | ||
| Q1 24 | $83.9M | $113.8M |
| Q4 25 | $358.8M | $351.3M | ||
| Q3 25 | $371.5M | $331.2M | ||
| Q2 25 | $356.2M | $309.8M | ||
| Q1 25 | $341.4M | $288.9M | ||
| Q4 24 | $331.6M | $269.3M | ||
| Q3 24 | $350.9M | $253.4M | ||
| Q2 24 | $346.0M | $238.4M | ||
| Q1 24 | $340.6M | $213.3M |
| Q4 25 | $456.1M | $518.7M | ||
| Q3 25 | $462.6M | $481.5M | ||
| Q2 25 | $471.9M | $430.8M | ||
| Q1 25 | $421.9M | $376.9M | ||
| Q4 24 | $404.7M | $359.3M | ||
| Q3 24 | $422.6M | $344.7M | ||
| Q2 24 | $414.6M | $320.5M | ||
| Q1 24 | $397.2M | $300.2M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $-2.2M | $-32.1M |
| FCF MarginFCF / Revenue | -1.4% | -15.1% |
| Capex IntensityCapex / Revenue | 0.9% | 17.8% |
| Cash ConversionOCF / Net Profit | -0.09× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $5.8M | ||
| Q3 25 | $-17.0M | $23.4M | ||
| Q2 25 | $28.5M | $-761.0K | ||
| Q1 25 | $-3.3M | $5.3M | ||
| Q4 24 | $19.0M | $14.8M | ||
| Q3 24 | $16.2M | $10.0M | ||
| Q2 24 | $18.8M | $16.1M | ||
| Q1 24 | $1.4M | $23.9M |
| Q4 25 | $-2.2M | $-32.1M | ||
| Q3 25 | $-18.7M | $-10.6M | ||
| Q2 25 | $26.9M | $-7.6M | ||
| Q1 25 | $-5.5M | $2.1M | ||
| Q4 24 | $16.3M | $-3.4M | ||
| Q3 24 | $14.5M | $6.4M | ||
| Q2 24 | $15.5M | $10.5M | ||
| Q1 24 | $-580.0K | $22.6M |
| Q4 25 | -1.4% | -15.1% | ||
| Q3 25 | -10.6% | -5.3% | ||
| Q2 25 | 15.0% | -4.1% | ||
| Q1 25 | -3.5% | 1.3% | ||
| Q4 24 | 12.6% | -2.0% | ||
| Q3 24 | 10.8% | 4.4% | ||
| Q2 24 | 10.7% | 7.2% | ||
| Q1 24 | -0.5% | 15.3% |
| Q4 25 | 0.9% | 17.8% | ||
| Q3 25 | 1.0% | 17.1% | ||
| Q2 25 | 0.9% | 3.7% | ||
| Q1 25 | 1.4% | 1.9% | ||
| Q4 24 | 2.1% | 10.9% | ||
| Q3 24 | 1.3% | 2.5% | ||
| Q2 24 | 2.2% | 3.8% | ||
| Q1 24 | 1.5% | 0.9% |
| Q4 25 | -0.09× | 0.35× | ||
| Q3 25 | -1.17× | 1.43× | ||
| Q2 25 | 1.88× | -0.05× | ||
| Q1 25 | -0.32× | 0.31× | ||
| Q4 24 | 17.56× | 1.40× | ||
| Q3 24 | 3.48× | 1.34× | ||
| Q2 24 | 2.86× | 0.99× | ||
| Q1 24 | 0.20× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
