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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and WILLIS LEASE FINANCE CORP (WLFC). Click either name above to swap in a different company.
WILLIS LEASE FINANCE CORP is the larger business by last-quarter revenue ($193.6M vs $159.9M, roughly 1.2× INSTEEL INDUSTRIES INC). On growth, WILLIS LEASE FINANCE CORP posted the faster year-over-year revenue change (26.7% vs 23.3%). WILLIS LEASE FINANCE CORP produced more free cash flow last quarter ($66.2M vs $-2.2M). Over the past eight quarters, WILLIS LEASE FINANCE CORP's revenue compounded faster (27.5% 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.
Willis Lease Finance Corp is a leading global independent provider of commercial aviation asset solutions. It primarily leases and sells commercial aircraft engines, auxiliary power units and other aviation spare parts, serving airline operators, MRO providers and other aviation industry participants across major global markets.
IIIN vs WLFC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $193.6M |
| Net Profit | $7.6M | — |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | 7.3% |
| Net Margin | 4.7% | — |
| Revenue YoY | 23.3% | 26.7% |
| Net Profit YoY | 602.4% | — |
| EPS (diluted) | $0.39 | $1.50 |
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 | $193.6M | ||
| Q3 25 | $177.4M | $183.4M | ||
| Q2 25 | $179.9M | $195.5M | ||
| Q1 25 | $160.7M | $157.7M | ||
| Q4 24 | $129.7M | $152.8M | ||
| Q3 24 | $134.3M | $146.2M | ||
| Q2 24 | $145.8M | $151.1M | ||
| Q1 24 | $127.4M | $119.1M |
| Q4 25 | $7.6M | — | ||
| Q3 25 | $14.6M | $24.3M | ||
| Q2 25 | $15.2M | $60.4M | ||
| Q1 25 | $10.2M | $16.9M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $4.7M | $24.1M | ||
| Q2 24 | $6.6M | $42.6M | ||
| Q1 24 | $6.9M | $20.9M |
| 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 24 | 12.3% | — |
| Q4 25 | 6.0% | 7.3% | ||
| Q3 25 | 10.8% | 20.7% | ||
| Q2 25 | 11.0% | 14.5% | ||
| Q1 25 | 8.3% | 15.2% | ||
| Q4 24 | 1.1% | 19.2% | ||
| Q3 24 | 4.5% | 23.0% | ||
| Q2 24 | 6.0% | 35.8% | ||
| Q1 24 | 7.0% | 22.9% |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 8.2% | 13.3% | ||
| Q2 25 | 8.4% | 30.9% | ||
| Q1 25 | 6.4% | 10.7% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 3.5% | 16.5% | ||
| Q2 24 | 4.5% | 28.2% | ||
| Q1 24 | 5.4% | 17.5% |
| Q4 25 | $0.39 | $1.50 | ||
| Q3 25 | $0.74 | $3.25 | ||
| Q2 25 | $0.78 | $8.43 | ||
| Q1 25 | $0.52 | $2.21 | ||
| Q4 24 | $0.06 | $2.76 | ||
| Q3 24 | $0.24 | $3.37 | ||
| Q2 24 | $0.34 | $6.21 | ||
| Q1 24 | $0.35 | $3.00 |
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 | $16.4M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $358.8M | $662.1M |
| Total Assets | $456.1M | $3.9B |
| Debt / EquityLower = less leverage | — | 4.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $16.4M | ||
| Q3 25 | $38.6M | $12.9M | ||
| Q2 25 | $53.7M | $37.3M | ||
| Q1 25 | $28.4M | $32.4M | ||
| Q4 24 | $36.0M | $9.1M | ||
| Q3 24 | $111.5M | $5.8M | ||
| Q2 24 | $97.7M | $5.0M | ||
| Q1 24 | $83.9M | $7.6M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $358.8M | $662.1M | ||
| Q3 25 | $371.5M | $650.2M | ||
| Q2 25 | $356.2M | $617.9M | ||
| Q1 25 | $341.4M | $565.5M | ||
| Q4 24 | $331.6M | $549.3M | ||
| Q3 24 | $350.9M | $517.8M | ||
| Q2 24 | $346.0M | $492.4M | ||
| Q1 24 | $340.6M | $461.8M |
| Q4 25 | $456.1M | $3.9B | ||
| Q3 25 | $462.6M | $3.4B | ||
| Q2 25 | $471.9M | $3.9B | ||
| Q1 25 | $421.9M | $3.3B | ||
| Q4 24 | $404.7M | $3.3B | ||
| Q3 24 | $422.6M | $3.0B | ||
| Q2 24 | $414.6M | $2.9B | ||
| Q1 24 | $397.2M | $2.7B |
| Q4 25 | — | 4.08× | ||
| Q3 25 | — | 3.44× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.95× | ||
| Q4 24 | — | 4.12× | ||
| Q3 24 | — | 3.84× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | 3.76× |
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 | $74.2M |
| Free Cash FlowOCF − Capex | $-2.2M | $66.2M |
| FCF MarginFCF / Revenue | -1.4% | 34.2% |
| Capex IntensityCapex / Revenue | 0.9% | 4.1% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $252.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $74.2M | ||
| Q3 25 | $-17.0M | $63.9M | ||
| Q2 25 | $28.5M | $104.2M | ||
| Q1 25 | $-3.3M | $41.0M | ||
| Q4 24 | $19.0M | $68.0M | ||
| Q3 24 | $16.2M | $86.8M | ||
| Q2 24 | $18.8M | $69.8M | ||
| Q1 24 | $1.4M | $59.8M |
| Q4 25 | $-2.2M | $66.2M | ||
| Q3 25 | $-18.7M | $57.8M | ||
| Q2 25 | $26.9M | $94.5M | ||
| Q1 25 | $-5.5M | $33.5M | ||
| Q4 24 | $16.3M | $55.1M | ||
| Q3 24 | $14.5M | $85.7M | ||
| Q2 24 | $15.5M | $68.5M | ||
| Q1 24 | $-580.0K | $59.4M |
| Q4 25 | -1.4% | 34.2% | ||
| Q3 25 | -10.6% | 31.5% | ||
| Q2 25 | 15.0% | 48.4% | ||
| Q1 25 | -3.5% | 21.3% | ||
| Q4 24 | 12.6% | 36.1% | ||
| Q3 24 | 10.8% | 58.6% | ||
| Q2 24 | 10.7% | 45.3% | ||
| Q1 24 | -0.5% | 49.9% |
| Q4 25 | 0.9% | 4.1% | ||
| Q3 25 | 1.0% | 3.3% | ||
| Q2 25 | 0.9% | 4.9% | ||
| Q1 25 | 1.4% | 4.7% | ||
| Q4 24 | 2.1% | 8.4% | ||
| Q3 24 | 1.3% | 0.7% | ||
| Q2 24 | 2.2% | 0.9% | ||
| Q1 24 | 1.5% | 0.3% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | -1.17× | 2.63× | ||
| Q2 25 | 1.88× | 1.73× | ||
| Q1 25 | -0.32× | 2.43× | ||
| Q4 24 | 17.56× | — | ||
| Q3 24 | 3.48× | 3.60× | ||
| Q2 24 | 2.86× | 1.64× | ||
| Q1 24 | 0.20× | 2.87× |
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% |
WLFC
Segment breakdown not available.
