INSTEEL INDUSTRIES INC IIIN

Basic materials SIC 3310 - Steel Works, Blast Furnaces & Rolling & Finishing Mills NAICS Manufacturing › Primary Metal Manufacturing › Steel Product Manufacturing from Purchased Steel derived NYSE

Insteel Industries Inc. ("we," "us," "our," "the Company" or "Insteel") is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. We manufacture and market prestressed concrete strand ("PC strand") and welded wire reinforcement ("WWR"), including ESM, concrete pipe reinforcement ("CPR") and standard welded wire reinforcement ("SWWR"). Our products are sold mainly to manufacturers of concrete products that are used primarily in nonresidential construction. For fiscal 2025, we estimate that approximately 85% of our sales were related to nonresidential construction and 15% were related to residential construction.

Insteel is the parent holding company for two wholly-owned subsidiaries, Insteel Wire Products Company ("IWP"), an operating subsidiary, and Intercontinental Metals Corporation, an inactive subsidiary. We were incorporated in 1958 in the State of North Carolina.

Last close 27.77 2026-10-23
Market cap $537.6M 2026-06-27 share count
52-week range 24.35 - 38.45

Valuation FY2025 figures against the last close

P/S0.8x
P/E13.2x
P/FCF28.4x
EV/EBITDA—
Dividend yield4.0%
Diluted EPS2.10

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $647.7M$529.2M$649.2M$826.8M$590.6M$472.6M$455.7M$453.2M$388.9M$418.5M
Cost of revenue $554.3M$479.6M$583.8M$629.5M$469.1M$416.8M$425.7M$382.4M$329.1M$333.4M
Gross profit $93.4M$49.6M$65.4M$197.3M$121.5M$55.8M$30.1M$70.8M$59.8M$85.2M
SG&A $39.0M$29.6M$30.7M$36.0M$32.4M$31.3M$24.5M$28.3M$25.5M$26.1M
Interest expense $52.0K$89.0K$87.0K$91.0K$96.0K$106.0K$168.0K$114.0K$136.0K$158.0K
Pre-tax income $53.8M$25.3M$41.8M$161.7M$86.1M$24.2M$7.5M$42.6M$34.2M$56.3M
Income tax $12.8M$6.0M$9.3M$36.7M$19.5M$5.2M$1.9M$6.4M$11.6M$19.0M
Net income $41.0M$19.3M$32.4M$125.0M$66.6M$19.0M$5.6M$36.3M$22.5M$37.2M
EPS, basic 2.110.991.666.413.440.990.291.901.191.99
EPS, diluted 2.100.991.666.373.410.980.291.881.171.95
Shares, diluted (wtd. avg.) 19.6M19.6M19.6M19.6M19.5M19.4M19.3M19.3M19.2M19.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $38.6M$111.5M$125.7M$48.3M$89.9M$68.7M$38.2M$43.9M$32.1M$58.9M
Receivables $78.7M$58.3M$63.4M$81.6M$67.9M$53.8M$44.2M$51.5M$40.3M$47.4M
Inventory $137.8M$88.8M$103.3M$197.7M$79.0M$69.0M$70.9M$94.2M$81.9M$71.2M
Total current assets $261.9M$267.3M$298.9M$335.3M$246.9M$197.0M$160.6M$195.5M$160.2M$180.5M
Property, plant and equipment $128.7M$125.5M$120.0M$108.2M$105.6M$101.4M$105.0M$106.1M$98.7M$88.2M
Goodwill $37.8M$9.7M$9.7M$9.7M$9.7M$9.7M$8.3M$8.3M$7.0M$7.0M
Other intangibles $16.6M$5.3M$6.1M$6.8M$7.7M$8.6M$8.6M$9.7M$7.9M$9.1M
Total assets $462.6M$422.6M$447.5M$471.7M$390.7M$337.9M$293.0M$329.5M$283.1M$292.9M
Accounts payable $48.2M$37.5M$34.3M$46.8M$49.4M$39.0M$21.6M$60.1M$33.7M$42.8M
Total current liabilities $66.0M$47.0M$46.2M$62.6M$68.8M$53.7M$28.4M$72.0M$42.3M$53.8M
Retained earnings $262.7M$245.3M$278.5M$289.2M$206.4M$171.1M$154.4M$151.1M$135.9M$139.3M
Total equity $371.5M$350.9M$381.5M$389.7M$302.0M$264.8M$246.0M$241.7M$223.4M$224.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $27.2M$58.2M$142.2M$5.7M$69.9M$56.2M$6.6M$54.0M$20.8M$56.3M
Depreciation and amortisation $18.4M$15.4M$13.3M$14.5M$14.5M$14.3M$13.6M$12.8M$11.6M$11.5M
Stock-based compensation $3.5M$3.1M$2.4M$2.4M$2.0M$2.0M$2.1M$2.1M$2.2M$2.4M
Capital expenditure $8.2M$19.1M$30.7M$15.9M$17.5M$7.1M$10.5M$18.4M$20.6M$13.0M
Investing cash flow -$75.7M-$19.6M-$20.9M-$6.0M-$17.8M-$23.2M-$9.6M-$21.9M-$20.9M-$13.0M
Financing cash flow -$24.4M-$52.7M-$44.0M-$41.2M-$30.9M-$2.5M-$2.8M-$20.2M-$26.7M-$17.7M
Dividends paid $21.8M$50.9M$41.3M$41.2M$31.3M$2.3M$2.3M$21.3M$26.0M$20.9M
Buybacks $2.3M$1.8M$2.3M$1.2M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-25-031597.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2016: 418.5M Gross profit, FY2016: 85.2M Net income, FY2016: 37.2M Revenue, FY2017: 388.9M Gross profit, FY2017: 59.8M Net income, FY2017: 22.5M Revenue, FY2018: 453.2M Gross profit, FY2018: 70.8M Net income, FY2018: 36.3M Revenue, FY2019: 455.7M Gross profit, FY2019: 30.1M Net income, FY2019: 5.6M Revenue, FY2020: 472.6M Gross profit, FY2020: 55.8M Net income, FY2020: 19M Revenue, FY2021: 590.6M Gross profit, FY2021: 121.5M Net income, FY2021: 66.6M Revenue, FY2022: 826.8M Gross profit, FY2022: 197.3M Net income, FY2022: 125M Revenue, FY2023: 649.2M Gross profit, FY2023: 65.4M Net income, FY2023: 32.4M Revenue, FY2024: 529.2M Gross profit, FY2024: 49.6M Net income, FY2024: 19.3M Revenue, FY2025: 647.7M Gross profit, FY2025: 93.4M Net income, FY2025: 41M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $418.5M $388.9M $453.2M $455.7M $472.6M $590.6M $826.8M $649.2M $529.2M $647.7M
Gross profit $85.2M $59.8M $70.8M $30.1M $55.8M $121.5M $197.3M $65.4M $49.6M $93.4M
Net income $37.2M $22.5M $36.3M $5.6M $19.0M $66.6M $125.0M $32.4M $19.3M $41.0M

Recent filings and events

  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3310

TickerCompanyMarket capP/ERevenue growth
WOR WORTHINGTON ENTERPRISES, INC. $3.11B 20.3x 19.7%
WS Worthington Steel, Inc. $2.08B 240.3x 11.3%
ROCK GIBRALTAR INDUSTRIES, INC. $1.15B — 11.0%
FRD FRIEDMAN INDUSTRIES INC $301.7M — —
SID NATIONAL STEEL CO — — —
GGB GERDAU S.A. — — —