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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). Wingstop Inc. runs the higher net margin — 16.3% vs 4.7%, a 11.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 7.4%). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs 8.6%).
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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
IIIN vs WING — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $183.7M |
| Net Profit | $7.6M | $29.9M |
| Gross Margin | 11.3% | 86.5% |
| Operating Margin | 6.0% | 27.4% |
| Net Margin | 4.7% | 16.3% |
| Revenue YoY | 23.3% | 7.4% |
| Net Profit YoY | 602.4% | — |
| EPS (diluted) | $0.39 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | $159.9M | $175.7M | ||
| Q3 25 | $177.4M | $175.7M | ||
| Q2 25 | $179.9M | $174.3M | ||
| Q1 25 | $160.7M | $171.1M | ||
| Q4 24 | $129.7M | $161.8M | ||
| Q3 24 | $134.3M | $162.5M | ||
| Q2 24 | $145.8M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $7.6M | $26.8M | ||
| Q3 25 | $14.6M | $28.5M | ||
| Q2 25 | $15.2M | $26.8M | ||
| Q1 25 | $10.2M | $92.3M | ||
| Q4 24 | $1.1M | $26.8M | ||
| Q3 24 | $4.7M | $25.7M | ||
| Q2 24 | $6.6M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | 7.3% | 85.6% | ||
| Q3 24 | 9.1% | 85.0% | ||
| Q2 24 | 10.6% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 6.0% | 26.7% | ||
| Q3 25 | 10.8% | 27.9% | ||
| Q2 25 | 11.0% | 25.9% | ||
| Q1 25 | 8.3% | 22.4% | ||
| Q4 24 | 1.1% | 25.9% | ||
| Q3 24 | 4.5% | 24.5% | ||
| Q2 24 | 6.0% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 4.7% | 15.2% | ||
| Q3 25 | 8.2% | 16.2% | ||
| Q2 25 | 8.4% | 15.4% | ||
| Q1 25 | 6.4% | 53.9% | ||
| Q4 24 | 0.8% | 16.5% | ||
| Q3 24 | 3.5% | 15.8% | ||
| Q2 24 | 4.5% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.39 | $0.99 | ||
| Q3 25 | $0.74 | $1.02 | ||
| Q2 25 | $0.78 | $0.96 | ||
| Q1 25 | $0.52 | $3.24 | ||
| Q4 24 | $0.06 | $0.91 | ||
| Q3 24 | $0.24 | $0.88 | ||
| Q2 24 | $0.34 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | — |
| Total Assets | $456.1M | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $15.6M | $196.6M | ||
| Q3 25 | $38.6M | $237.6M | ||
| Q2 25 | $53.7M | $227.9M | ||
| Q1 25 | $28.4M | $251.4M | ||
| Q4 24 | $36.0M | $315.9M | ||
| Q3 24 | $111.5M | $84.0M | ||
| Q2 24 | $97.7M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $358.8M | $-736.8M | ||
| Q3 25 | $371.5M | $-702.6M | ||
| Q2 25 | $356.2M | $-686.0M | ||
| Q1 25 | $341.4M | $-715.0M | ||
| Q4 24 | $331.6M | $-675.6M | ||
| Q3 24 | $350.9M | $-447.5M | ||
| Q2 24 | $346.0M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $456.1M | $693.4M | ||
| Q3 25 | $462.6M | $721.0M | ||
| Q2 25 | $471.9M | $708.3M | ||
| Q1 25 | $421.9M | $696.8M | ||
| Q4 24 | $404.7M | $716.2M | ||
| Q3 24 | $422.6M | $484.8M | ||
| Q2 24 | $414.6M | $451.8M |
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 | $57.3M | ||
| Q3 25 | $-17.0M | $63.9M | ||
| Q2 25 | $28.5M | $6.6M | ||
| Q1 25 | $-3.3M | $25.3M | ||
| Q4 24 | $19.0M | $7.7M | ||
| Q3 24 | $16.2M | $69.0M | ||
| Q2 24 | $18.8M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $34.5M | ||
| Q3 25 | $-18.7M | $61.7M | ||
| Q2 25 | $26.9M | $-7.8M | ||
| Q1 25 | $-5.5M | $17.3M | ||
| Q4 24 | $16.3M | $-8.6M | ||
| Q3 24 | $14.5M | $54.9M | ||
| Q2 24 | $15.5M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | 19.6% | ||
| Q3 25 | -10.6% | 35.1% | ||
| Q2 25 | 15.0% | -4.5% | ||
| Q1 25 | -3.5% | 10.1% | ||
| Q4 24 | 12.6% | -5.3% | ||
| Q3 24 | 10.8% | 33.8% | ||
| Q2 24 | 10.7% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 13.0% | ||
| Q3 25 | 1.0% | 1.3% | ||
| Q2 25 | 0.9% | 8.2% | ||
| Q1 25 | 1.4% | 4.7% | ||
| Q4 24 | 2.1% | 10.1% | ||
| Q3 24 | 1.3% | 8.7% | ||
| Q2 24 | 2.2% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | 2.14× | ||
| Q3 25 | -1.17× | 2.24× | ||
| Q2 25 | 1.88× | 0.25× | ||
| Q1 25 | -0.32× | 0.27× | ||
| Q4 24 | 17.56× | 0.29× | ||
| Q3 24 | 3.48× | 2.68× | ||
| Q2 24 | 2.86× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
