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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $159.9M, roughly 1.5× INSTEEL INDUSTRIES INC). WORKIVA INC runs the higher net margin — 4.9% vs 4.7%, a 0.2% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 19.5%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $-2.2M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.0% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
IIIN vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $238.9M |
| Net Profit | $7.6M | $11.8M |
| Gross Margin | 11.3% | 80.7% |
| Operating Margin | 6.0% | 22.6% |
| Net Margin | 4.7% | 4.9% |
| Revenue YoY | 23.3% | 19.5% |
| Net Profit YoY | 602.4% | — |
| EPS (diluted) | $0.39 | $0.20 |
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 | — | $238.9M | ||
| Q4 25 | $159.9M | $238.9M | ||
| Q3 25 | $177.4M | $224.2M | ||
| Q2 25 | $179.9M | $215.2M | ||
| Q1 25 | $160.7M | $206.3M | ||
| Q4 24 | $129.7M | $199.9M | ||
| Q3 24 | $134.3M | $185.6M | ||
| Q2 24 | $145.8M | $177.5M |
| Q1 26 | — | $11.8M | ||
| Q4 25 | $7.6M | $11.8M | ||
| Q3 25 | $14.6M | $2.8M | ||
| Q2 25 | $15.2M | $-19.4M | ||
| Q1 25 | $10.2M | $-21.4M | ||
| Q4 24 | $1.1M | $-8.8M | ||
| Q3 24 | $4.7M | $-17.0M | ||
| Q2 24 | $6.6M | $-17.5M |
| Q1 26 | — | 80.7% | ||
| Q4 25 | 11.3% | 80.7% | ||
| Q3 25 | 16.1% | 79.3% | ||
| Q2 25 | 17.1% | 77.0% | ||
| Q1 25 | 15.3% | 76.6% | ||
| Q4 24 | 7.3% | 77.1% | ||
| Q3 24 | 9.1% | 76.5% | ||
| Q2 24 | 10.6% | 76.8% |
| Q1 26 | — | 22.6% | ||
| Q4 25 | 6.0% | 3.3% | ||
| Q3 25 | 10.8% | -1.5% | ||
| Q2 25 | 11.0% | -10.3% | ||
| Q1 25 | 8.3% | -12.0% | ||
| Q4 24 | 1.1% | -6.7% | ||
| Q3 24 | 4.5% | -11.7% | ||
| Q2 24 | 6.0% | -13.0% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 4.7% | 4.9% | ||
| Q3 25 | 8.2% | 1.2% | ||
| Q2 25 | 8.4% | -9.0% | ||
| Q1 25 | 6.4% | -10.4% | ||
| Q4 24 | 0.8% | -4.4% | ||
| Q3 24 | 3.5% | -9.2% | ||
| Q2 24 | 4.5% | -9.9% |
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.39 | $0.21 | ||
| Q3 25 | $0.74 | $0.05 | ||
| Q2 25 | $0.78 | $-0.35 | ||
| Q1 25 | $0.52 | $-0.38 | ||
| Q4 24 | $0.06 | $-0.15 | ||
| Q3 24 | $0.24 | $-0.31 | ||
| Q2 24 | $0.34 | $-0.32 |
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 | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $358.8M | — |
| Total Assets | $456.1M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $338.8M | ||
| Q4 25 | $15.6M | $338.8M | ||
| Q3 25 | $38.6M | $315.9M | ||
| Q2 25 | $53.7M | $284.3M | ||
| Q1 25 | $28.4M | $242.0M | ||
| Q4 24 | $36.0M | $301.8M | ||
| Q3 24 | $111.5M | $248.2M | ||
| Q2 24 | $97.7M | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | $358.8M | $-5.4M | ||
| Q3 25 | $371.5M | $-36.9M | ||
| Q2 25 | $356.2M | $-66.5M | ||
| Q1 25 | $341.4M | $-75.7M | ||
| Q4 24 | $331.6M | $-41.7M | ||
| Q3 24 | $350.9M | $-50.8M | ||
| Q2 24 | $346.0M | $-77.7M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $456.1M | $1.5B | ||
| Q3 25 | $462.6M | $1.4B | ||
| Q2 25 | $471.9M | $1.3B | ||
| Q1 25 | $421.9M | $1.3B | ||
| Q4 24 | $404.7M | $1.4B | ||
| Q3 24 | $422.6M | $1.3B | ||
| Q2 24 | $414.6M | $1.2B |
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 | $51.0M |
| Free Cash FlowOCF − Capex | $-2.2M | $50.7M |
| FCF MarginFCF / Revenue | -1.4% | 21.2% |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | -0.09× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $196.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $51.0M | ||
| Q4 25 | $-701.0K | $51.0M | ||
| Q3 25 | $-17.0M | $46.2M | ||
| Q2 25 | $28.5M | $50.3M | ||
| Q1 25 | $-3.3M | $-7.4M | ||
| Q4 24 | $19.0M | $44.0M | ||
| Q3 24 | $16.2M | $18.9M | ||
| Q2 24 | $18.8M | $-14.0K |
| Q1 26 | — | $50.7M | ||
| Q4 25 | $-2.2M | $50.7M | ||
| Q3 25 | $-18.7M | $46.1M | ||
| Q2 25 | $26.9M | $49.3M | ||
| Q1 25 | $-5.5M | $-8.1M | ||
| Q4 24 | $16.3M | $43.2M | ||
| Q3 24 | $14.5M | $18.7M | ||
| Q2 24 | $15.5M | $-122.0K |
| Q1 26 | — | 21.2% | ||
| Q4 25 | -1.4% | 21.2% | ||
| Q3 25 | -10.6% | 20.5% | ||
| Q2 25 | 15.0% | 22.9% | ||
| Q1 25 | -3.5% | -3.9% | ||
| Q4 24 | 12.6% | 21.6% | ||
| Q3 24 | 10.8% | 10.1% | ||
| Q2 24 | 10.7% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 1.4% | 0.4% | ||
| Q4 24 | 2.1% | 0.4% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 2.2% | 0.1% |
| Q1 26 | — | 4.31× | ||
| Q4 25 | -0.09× | 4.31× | ||
| Q3 25 | -1.17× | 16.57× | ||
| Q2 25 | 1.88× | — | ||
| Q1 25 | -0.32× | — | ||
| Q4 24 | 17.56× | — | ||
| Q3 24 | 3.48× | — | ||
| 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% |
WK
| Subscription and support | $219.3M | 92% |
| Other | $19.6M | 8% |
