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Side-by-side financial comparison of INSTEEL INDUSTRIES INC (IIIN) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.

Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $159.9M, roughly 1.2× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -4.5%, a 9.2% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 23.3%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.

Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.

IIIN vs XMTR — Head-to-Head

Bigger by revenue
XMTR
XMTR
1.2× larger
XMTR
$192.4M
$159.9M
IIIN
Growing faster (revenue YoY)
XMTR
XMTR
+6.2% gap
XMTR
29.5%
23.3%
IIIN
Higher net margin
IIIN
IIIN
9.2% more per $
IIIN
4.7%
-4.5%
XMTR
More free cash flow
IIIN
IIIN
$3.7M more FCF
IIIN
$-2.2M
$-5.9M
XMTR
Faster 2-yr revenue CAGR
XMTR
XMTR
Annualised
XMTR
25.2%
12.0%
IIIN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IIIN
IIIN
XMTR
XMTR
Revenue
$159.9M
$192.4M
Net Profit
$7.6M
$-8.6M
Gross Margin
11.3%
39.1%
Operating Margin
6.0%
-4.6%
Net Margin
4.7%
-4.5%
Revenue YoY
23.3%
29.5%
Net Profit YoY
602.4%
12.7%
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.

Revenue
IIIN
IIIN
XMTR
XMTR
Q4 25
$159.9M
$192.4M
Q3 25
$177.4M
$180.7M
Q2 25
$179.9M
$162.5M
Q1 25
$160.7M
$151.0M
Q4 24
$129.7M
$148.5M
Q3 24
$134.3M
$141.7M
Q2 24
$145.8M
$132.6M
Q1 24
$127.4M
$122.7M
Net Profit
IIIN
IIIN
XMTR
XMTR
Q4 25
$7.6M
$-8.6M
Q3 25
$14.6M
$-11.6M
Q2 25
$15.2M
$-26.4M
Q1 25
$10.2M
$-15.1M
Q4 24
$1.1M
$-9.9M
Q3 24
$4.7M
$-10.2M
Q2 24
$6.6M
$-13.7M
Q1 24
$6.9M
$-16.6M
Gross Margin
IIIN
IIIN
XMTR
XMTR
Q4 25
11.3%
39.1%
Q3 25
16.1%
39.9%
Q2 25
17.1%
40.1%
Q1 25
15.3%
37.3%
Q4 24
7.3%
39.7%
Q3 24
9.1%
39.4%
Q2 24
10.6%
39.9%
Q1 24
12.3%
39.0%
Operating Margin
IIIN
IIIN
XMTR
XMTR
Q4 25
6.0%
-4.6%
Q3 25
10.8%
-6.1%
Q2 25
11.0%
-6.3%
Q1 25
8.3%
-10.2%
Q4 24
1.1%
-7.8%
Q3 24
4.5%
-8.1%
Q2 24
6.0%
-11.5%
Q1 24
7.0%
-14.6%
Net Margin
IIIN
IIIN
XMTR
XMTR
Q4 25
4.7%
-4.5%
Q3 25
8.2%
-6.4%
Q2 25
8.4%
-16.3%
Q1 25
6.4%
-10.0%
Q4 24
0.8%
-6.7%
Q3 24
3.5%
-7.2%
Q2 24
4.5%
-10.3%
Q1 24
5.4%
-13.5%
EPS (diluted)
IIIN
IIIN
XMTR
XMTR
Q4 25
$0.39
Q3 25
$0.74
Q2 25
$0.78
Q1 25
$0.52
Q4 24
$0.06
Q3 24
$0.24
Q2 24
$0.34
Q1 24
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IIIN
IIIN
XMTR
XMTR
Cash + ST InvestmentsLiquidity on hand
$15.6M
$219.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$358.8M
$275.6M
Total Assets
$456.1M
$703.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIIN
IIIN
XMTR
XMTR
Q4 25
$15.6M
$219.1M
Q3 25
$38.6M
$224.5M
Q2 25
$53.7M
$225.8M
Q1 25
$28.4M
$231.4M
Q4 24
$36.0M
$239.8M
Q3 24
$111.5M
$234.0M
Q2 24
$97.7M
$240.9M
Q1 24
$83.9M
$253.8M
Stockholders' Equity
IIIN
IIIN
XMTR
XMTR
Q4 25
$358.8M
$275.6M
Q3 25
$371.5M
$272.0M
Q2 25
$356.2M
$270.4M
Q1 25
$341.4M
$309.9M
Q4 24
$331.6M
$314.5M
Q3 24
$350.9M
$315.2M
Q2 24
$346.0M
$315.8M
Q1 24
$340.6M
$320.4M
Total Assets
IIIN
IIIN
XMTR
XMTR
Q4 25
$456.1M
$703.7M
Q3 25
$462.6M
$698.9M
Q2 25
$471.9M
$687.0M
Q1 25
$421.9M
$690.1M
Q4 24
$404.7M
$680.1M
Q3 24
$422.6M
$678.2M
Q2 24
$414.6M
$678.6M
Q1 24
$397.2M
$692.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IIIN
IIIN
XMTR
XMTR
Operating Cash FlowLast quarter
$-701.0K
$4.4M
Free Cash FlowOCF − Capex
$-2.2M
$-5.9M
FCF MarginFCF / Revenue
-1.4%
-3.0%
Capex IntensityCapex / Revenue
0.9%
5.3%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters
$439.0K
$-24.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIIN
IIIN
XMTR
XMTR
Q4 25
$-701.0K
$4.4M
Q3 25
$-17.0M
$5.8M
Q2 25
$28.5M
$-427.0K
Q1 25
$-3.3M
$-3.7M
Q4 24
$19.0M
$9.1M
Q3 24
$16.2M
$-3.6M
Q2 24
$18.8M
$-9.1M
Q1 24
$1.4M
$-11.7M
Free Cash Flow
IIIN
IIIN
XMTR
XMTR
Q4 25
$-2.2M
$-5.9M
Q3 25
$-18.7M
$-1.7M
Q2 25
$26.9M
$-7.4M
Q1 25
$-5.5M
$-9.2M
Q4 24
$16.3M
$4.5M
Q3 24
$14.5M
$-8.4M
Q2 24
$15.5M
$-13.5M
Q1 24
$-580.0K
$-16.1M
FCF Margin
IIIN
IIIN
XMTR
XMTR
Q4 25
-1.4%
-3.0%
Q3 25
-10.6%
-0.9%
Q2 25
15.0%
-4.5%
Q1 25
-3.5%
-6.1%
Q4 24
12.6%
3.1%
Q3 24
10.8%
-6.0%
Q2 24
10.7%
-10.2%
Q1 24
-0.5%
-13.1%
Capex Intensity
IIIN
IIIN
XMTR
XMTR
Q4 25
0.9%
5.3%
Q3 25
1.0%
4.1%
Q2 25
0.9%
4.3%
Q1 25
1.4%
3.6%
Q4 24
2.1%
3.1%
Q3 24
1.3%
3.4%
Q2 24
2.2%
3.3%
Q1 24
1.5%
3.5%
Cash Conversion
IIIN
IIIN
XMTR
XMTR
Q4 25
-0.09×
Q3 25
-1.17×
Q2 25
1.88×
Q1 25
-0.32×
Q4 24
17.56×
Q3 24
3.48×
Q2 24
2.86×
Q1 24
0.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IIIN
IIIN

Welded Wire Reinforcement$108.4M68%
PC Strand$51.6M32%

XMTR
XMTR

US$159.1M83%
Non Us$33.3M17%

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