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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($199.5M vs $159.9M, roughly 1.2× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 3.6%, a 1.2% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -4.1%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
IIIN vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $199.5M |
| Net Profit | $7.6M | $7.1M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | 7.7% |
| Net Margin | 4.7% | 3.6% |
| Revenue YoY | 23.3% | -4.1% |
| Net Profit YoY | 602.4% | -78.1% |
| EPS (diluted) | $0.39 | $1.05 |
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 | — | $199.5M | ||
| Q4 25 | $159.9M | $208.0M | ||
| Q3 25 | $177.4M | $216.4M | ||
| Q2 25 | $179.9M | $210.5M | ||
| Q1 25 | $160.7M | $217.9M | ||
| Q4 24 | $129.7M | $233.5M | ||
| Q3 24 | $134.3M | $227.0M | ||
| Q2 24 | $145.8M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $7.6M | $33.9M | ||
| Q3 25 | $14.6M | $31.3M | ||
| Q2 25 | $15.2M | $42.7M | ||
| Q1 25 | $10.2M | $28.1M | ||
| Q4 24 | $1.1M | $39.5M | ||
| Q3 24 | $4.7M | $49.1M | ||
| Q2 24 | $6.6M | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 10.6% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 6.0% | 19.1% | ||
| Q3 25 | 10.8% | 21.7% | ||
| Q2 25 | 11.0% | 21.5% | ||
| Q1 25 | 8.3% | 16.8% | ||
| Q4 24 | 1.1% | 21.7% | ||
| Q3 24 | 4.5% | 24.3% | ||
| Q2 24 | 6.0% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 4.7% | 16.3% | ||
| Q3 25 | 8.2% | 14.5% | ||
| Q2 25 | 8.4% | 20.3% | ||
| Q1 25 | 6.4% | 12.9% | ||
| Q4 24 | 0.8% | 16.9% | ||
| Q3 24 | 3.5% | 21.6% | ||
| Q2 24 | 4.5% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.39 | $5.15 | ||
| Q3 25 | $0.74 | $4.65 | ||
| Q2 25 | $0.78 | $6.12 | ||
| Q1 25 | $0.52 | $4.05 | ||
| Q4 24 | $0.06 | $4.65 | ||
| Q3 24 | $0.24 | $5.71 | ||
| Q2 24 | $0.34 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | $93.6B |
| Total Assets | $456.1M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| 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 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $358.8M | $934.0M | ||
| Q3 25 | $371.5M | $918.7M | ||
| Q2 25 | $356.2M | $896.4M | ||
| Q1 25 | $341.4M | $893.7M | ||
| Q4 24 | $331.6M | $897.5M | ||
| Q3 24 | $350.9M | $889.0M | ||
| Q2 24 | $346.0M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $456.1M | $4.3B | ||
| Q3 25 | $462.6M | $3.9B | ||
| Q2 25 | $471.9M | $3.7B | ||
| Q1 25 | $421.9M | $3.7B | ||
| Q4 24 | $404.7M | $4.0B | ||
| Q3 24 | $422.6M | $3.6B | ||
| Q2 24 | $414.6M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | $-67.2M | ||
| Q3 25 | $-17.0M | $108.3M | ||
| Q2 25 | $28.5M | $75.8M | ||
| Q1 25 | $-3.3M | $-3.8M | ||
| Q4 24 | $19.0M | $1.8M | ||
| Q3 24 | $16.2M | $69.1M | ||
| Q2 24 | $18.8M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $-74.1M | ||
| Q3 25 | $-18.7M | $106.9M | ||
| Q2 25 | $26.9M | $74.2M | ||
| Q1 25 | $-5.5M | $-6.8M | ||
| Q4 24 | $16.3M | $-3.8M | ||
| Q3 24 | $14.5M | $68.7M | ||
| Q2 24 | $15.5M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | -35.6% | ||
| Q3 25 | -10.6% | 49.4% | ||
| Q2 25 | 15.0% | 35.2% | ||
| Q1 25 | -3.5% | -3.1% | ||
| Q4 24 | 12.6% | -1.6% | ||
| Q3 24 | 10.8% | 30.3% | ||
| Q2 24 | 10.7% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 3.3% | ||
| Q3 25 | 1.0% | 0.7% | ||
| Q2 25 | 0.9% | 0.7% | ||
| Q1 25 | 1.4% | 1.4% | ||
| Q4 24 | 2.1% | 2.4% | ||
| Q3 24 | 1.3% | 0.2% | ||
| Q2 24 | 2.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | -1.99× | ||
| Q3 25 | -1.17× | 3.45× | ||
| Q2 25 | 1.88× | 1.77× | ||
| Q1 25 | -0.32× | -0.13× | ||
| Q4 24 | 17.56× | 0.04× | ||
| Q3 24 | 3.48× | 1.41× | ||
| Q2 24 | 2.86× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
