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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $159.9M, roughly 1.6× INSTEEL INDUSTRIES INC). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 4.7%, a 6.5% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -15.3%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-88.0M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
IIIN vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $159.9M | $249.0M |
| Net Profit | $7.6M | $28.0M |
| Gross Margin | 11.3% | — |
| Operating Margin | 6.0% | -19.3% |
| Net Margin | 4.7% | 11.2% |
| Revenue YoY | 23.3% | -15.3% |
| Net Profit YoY | 602.4% | 124.3% |
| EPS (diluted) | $0.39 | — |
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 | $249.0M | ||
| Q3 25 | $177.4M | $315.0M | ||
| Q2 25 | $179.9M | $342.0M | ||
| Q1 25 | $160.7M | $282.0M | ||
| Q4 24 | $129.7M | $294.0M | ||
| Q3 24 | $134.3M | $319.0M | ||
| Q2 24 | $145.8M | $360.0M | ||
| Q1 24 | $127.4M | $257.0M |
| Q4 25 | $7.6M | $28.0M | ||
| Q3 25 | $14.6M | $-37.0M | ||
| Q2 25 | $15.2M | $79.0M | ||
| Q1 25 | $10.2M | $-98.0M | ||
| Q4 24 | $1.1M | $-115.0M | ||
| Q3 24 | $4.7M | $-40.0M | ||
| Q2 24 | $6.6M | $62.0M | ||
| Q1 24 | $6.9M | $70.0M |
| 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% | -19.3% | ||
| Q3 25 | 10.8% | 1.6% | ||
| Q2 25 | 11.0% | 26.3% | ||
| Q1 25 | 8.3% | -82.6% | ||
| Q4 24 | 1.1% | -188.1% | ||
| Q3 24 | 4.5% | 15.4% | ||
| Q2 24 | 6.0% | 18.3% | ||
| Q1 24 | 7.0% | -8.2% |
| Q4 25 | 4.7% | 11.2% | ||
| Q3 25 | 8.2% | -11.7% | ||
| Q2 25 | 8.4% | 23.1% | ||
| Q1 25 | 6.4% | -34.8% | ||
| Q4 24 | 0.8% | -39.1% | ||
| Q3 24 | 3.5% | -12.5% | ||
| Q2 24 | 4.5% | 17.2% | ||
| Q1 24 | 5.4% | 27.2% |
| Q4 25 | $0.39 | — | ||
| Q3 25 | $0.74 | $-0.40 | ||
| Q2 25 | $0.78 | $0.84 | ||
| Q1 25 | $0.52 | $-1.05 | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $0.24 | $-0.43 | ||
| Q2 24 | $0.34 | $0.66 | ||
| Q1 24 | $0.35 | $0.75 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $358.8M | $10.9B |
| Total Assets | $456.1M | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $960.0M | ||
| Q3 25 | $38.6M | $711.0M | ||
| Q2 25 | $53.7M | $880.0M | ||
| Q1 25 | $28.4M | $1.5B | ||
| Q4 24 | $36.0M | $283.0M | ||
| Q3 24 | $111.5M | $290.0M | ||
| Q2 24 | $97.7M | $281.0M | ||
| Q1 24 | $83.9M | $245.0M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $358.8M | $10.9B | ||
| Q3 25 | $371.5M | $11.0B | ||
| Q2 25 | $356.2M | $11.3B | ||
| Q1 25 | $341.4M | $12.6B | ||
| Q4 24 | $331.6M | $12.9B | ||
| Q3 24 | $350.9M | $13.6B | ||
| Q2 24 | $346.0M | $13.9B | ||
| Q1 24 | $340.6M | $14.0B |
| Q4 25 | $456.1M | $19.6B | ||
| Q3 25 | $462.6M | $19.1B | ||
| Q2 25 | $471.9M | $20.5B | ||
| Q1 25 | $421.9M | $21.4B | ||
| Q4 24 | $404.7M | $20.3B | ||
| Q3 24 | $422.6M | $20.9B | ||
| Q2 24 | $414.6M | $21.7B | ||
| Q1 24 | $397.2M | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $186.0M |
| Free Cash FlowOCF − Capex | $-2.2M | $-88.0M |
| FCF MarginFCF / Revenue | -1.4% | -35.3% |
| Capex IntensityCapex / Revenue | 0.9% | 110.0% |
| Cash ConversionOCF / Net Profit | -0.09× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $439.0K | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-701.0K | $186.0M | ||
| Q3 25 | $-17.0M | $231.0M | ||
| Q2 25 | $28.5M | $232.0M | ||
| Q1 25 | $-3.3M | $90.0M | ||
| Q4 24 | $19.0M | $283.0M | ||
| Q3 24 | $16.2M | $208.0M | ||
| Q2 24 | $18.8M | $231.0M | ||
| Q1 24 | $1.4M | $78.0M |
| Q4 25 | $-2.2M | $-88.0M | ||
| Q3 25 | $-18.7M | $-283.0M | ||
| Q2 25 | $26.9M | $151.0M | ||
| Q1 25 | $-5.5M | $1.0M | ||
| Q4 24 | $16.3M | $231.0M | ||
| Q3 24 | $14.5M | $152.0M | ||
| Q2 24 | $15.5M | $162.0M | ||
| Q1 24 | $-580.0K | $14.0M |
| Q4 25 | -1.4% | -35.3% | ||
| Q3 25 | -10.6% | -89.8% | ||
| Q2 25 | 15.0% | 44.2% | ||
| Q1 25 | -3.5% | 0.4% | ||
| Q4 24 | 12.6% | 78.6% | ||
| Q3 24 | 10.8% | 47.6% | ||
| Q2 24 | 10.7% | 45.0% | ||
| Q1 24 | -0.5% | 5.4% |
| Q4 25 | 0.9% | 110.0% | ||
| Q3 25 | 1.0% | 163.2% | ||
| Q2 25 | 0.9% | 23.7% | ||
| Q1 25 | 1.4% | 31.6% | ||
| Q4 24 | 2.1% | 17.7% | ||
| Q3 24 | 1.3% | 17.6% | ||
| Q2 24 | 2.2% | 19.2% | ||
| Q1 24 | 1.5% | 24.9% |
| Q4 25 | -0.09× | 6.64× | ||
| Q3 25 | -1.17× | — | ||
| Q2 25 | 1.88× | 2.94× | ||
| Q1 25 | -0.32× | — | ||
| Q4 24 | 17.56× | — | ||
| Q3 24 | 3.48× | — | ||
| Q2 24 | 2.86× | 3.73× | ||
| Q1 24 | 0.20× | 1.11× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
