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Insteel Industries, Inc.

IIIN Industrials Metal Fabrication

Insteel Industries, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $647.7 million, up 22.4% from fiscal 2024. In the quarter to June 2026, revenue grew 9.88%, EPS fell 41.0% and free cash flow fell 61.2%, each against the same quarter a year earlier.

29.66 0.01 −0.03%
Market cap
$574.4M
P/E
15.9×
Fwd P/E
17.4×
Dividend yield
0.40%
F-score
7/9
Altman Z
7.99
Beneish M
−1.86
Dividend safety
44/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.11
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 1 — — — — — 1 — —
Insider Ownership 5.51%

Capital & Financial Ratios $m

Market Cap 574.36
Revenue 707.68
Net Income 36.38
Free Cash Flow (4.80)
Net Debt (22.95)
Current Ratio 3.57 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 15.86
Fwd P/E 17.40
P/S ratio 0.82
P/B ratio 1.55
Past 5Y EPS Growth 16.47% (at or above 15%: strong)
This Y EPS Growth (23.57%) (below 0%: weak)
Next Y EPS Growth 50.78% (at or above 15%: strong)
Next Y revenue growth 12.94% (at or above 10%: strong)
Next 5Y EPS Growth 10.20%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 1.0×; over the ten years it ranged from 0.5× in 2020 to 1.7× in 2018.
P/E against its own 10 years 35.27%
10-year low 10-year high
P/S against its own 10 years 17.51%
10-year low 10-year high
P/B against its own 10 years 18.61%
10-year low 10-year high
EV/Sales against its own 10 years 22.85%
10-year low 10-year high

Dividends

Payout Ratio 0.06
Annual Dividend Rate 0.12
Annual Dividend Yield 0.40%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.12
0.03
0.03
0.03
2025 1.12
0.03
0.03
0.03
0.03
2024 0.09
0.03
0.03
0.03
1.00
2023 0.12
0.03
0.03
0.03
0.03
2022 0.09
0.03
0.03
0.03
2.00
2021 0.09
0.03
0.03
0.03
2.00
2020 0.12
0.03
0.03
0.03
0.03
2019 0.12
0.03
0.03
0.03
0.03
2018 0.12
0.03
0.03
0.03
0.03
2017 0.12
0.03
0.03
0.03
0.03
2016 0.12
0.03
0.03
0.03
0.03
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 126 112 39 23
Receivables 63 58 79 81
Inventory 103 89 138 167
Other 6 9 7 8
299 267 262 279
2023 2024 2025 Q'26
Payables 34 37 48 65
ST’ Debt — — — —
Other — — — —
46 47 66 78

Compound Annual Growth %

10y 5y 3y
Sales 3.77% 6.51% (7.82%)
Cash Flow (2.72%) (13.54%) 68.58%
Earnings 6.57% 16.63% (31.03%)
Book Value 6.38% 7.01% (1.58%)

Revenue $m

Dec Mar Jun Sep Year
’26 160 173 198 — —
’25 130 161 180 177 648
’24 122 127 146 134 529
’23 167 159 166 158 649
’22 178 213 227 208 827
’21 120 139 161 171 591
’20 98 115 122 138 473
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 (1) 5 14 — —
’25 19 (3) 29 (17) 27
’24 22 1 19 16 58
’23 33 47 24 39 142
’22 14 6 (5) (9) 6
’21 14 15 36 4 70
’20 30 (3) 18 12 56
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (2) 1 10 — —
’25 16 (6) 27 (14) 24
’24 10 (1) 16 15 39
’23 35 39 13 35 121
’22 13 6 (9) (13) (3)
’21 11 9 31 1 52
’20 29 (5) 19 8 51
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 0.39 0.27 0.46 — —
’25 0.06 0.52 0.78 0.74 2.10
’24 0.06 0.35 0.34 0.24 0.99
’23 0.57 0.26 0.54 0.29 1.66
’22 1.18 1.99 1.96 1.24 6.37
’21 0.42 0.76 0.94 1.28 3.41
’20 0.03 0.23 0.34 0.38 0.98
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 18.72 23.20 22.23 17.49 10.00 22.20 24.00 25.44 26.74 22.49

Analyst estimates 2026–2028

Powerpack
High 42.81 39.20 43.78 25.61 26.61 46.50 47.70 39.38 38.40 41.64
People
People Employees 848 803 810 834 881 913 964 884 929 1,007
Revenue/emp, $m 0.49 0.48 0.56 0.55 0.54 0.65 0.86 0.73 0.57 0.64
Income, $m
Income, $m Revenue 419 389 453 456 473 591 827 649 529 648
Gross margin, % 20.35 15.37 15.62 6.60 11.80 20.58 23.86 10.07 9.38 14.43
EBT 56 34 43 7 24 86 162 42 25 54
EBT margin, % 13.45 8.79 9.41 1.64 5.11 14.58 19.56 6.43 4.78 8.31
Net income 37 23 36 6 19 67 125 32 19 41
Depreciation 12 12 13 14 14 15 15 13 15 18
Per share, $
Per share, $ Revenue 22.32 20.46 23.75 23.68 24.52 30.53 42.36 33.28 27.14 33.24
Earnings 1.99 1.19 1.90 0.29 0.99 3.44 6.41 1.66 0.99 2.11
Cash flow 3.00 1.10 2.83 0.34 2.92 3.61 0.29 7.29 2.98 1.39
Capex (0.68) (1.08) (0.97) (0.55) (0.25) (0.90) (0.46) (1.07) (0.98) (0.16)
Free cash flow 2.32 0.01 1.86 (0.20) 2.66 2.71 (0.17) 6.23 2.00 1.24
Book value 11.97 11.75 12.67 12.78 13.74 15.61 19.97 19.56 17.99 19.07
Shares, m 19 19 19 19 19 19 20 20 20 19
Valuation, ×
Valuation, × P/E 18.30 21.77 18.25 73.32 18.89 11.06 4.15 19.60 31.09 18.08
P/S 1.62 1.26 1.46 0.87 0.76 1.25 0.63 0.98 1.15 1.15
P/B 3.03 2.19 2.74 1.61 1.36 2.44 1.33 1.66 1.73 2.01
EV/Sales 1.51 1.20 1.39 0.79 0.63 1.10 0.57 0.79 0.95 1.10
EV/FCF 15.00 (390.20) 18.43 (67.77) 5.96 12.78 (99.84) 4.29 13.30 31.57
Cash, $m
Cash, $m Operating cash flow 56 21 54 7 56 70 6 142 58 27
Capex (13) (21) (18) (10) (5) (17) (9) (21) (19) (3)
Free cash flow 44 0 36 (4) 51 52 (3) 121 39 24
Balance, $m
Balance, $m Working capital 127 118 123 132 143 178 273 253 220 196
Total debt — — — — 3 2 2 2 — —
Net debt (59) (32) (44) (38) (69) (90) (48) (126) (112) (39)
Shareholders’ equity 225 223 242 246 265 302 390 382 351 372
Returns, %
Returns, % ROA 13.47 7.83 11.84 1.80 6.03 18.28 28.99 7.05 4.44 9.27
ROIC 21.30 11.15 13.44 1.67 7.19 25.42 29.58 8.48 5.22 9.73
ROE 17.54 10.07 15.60 2.30 7.44 23.50 36.14 8.41 5.27 11.36
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Insteel Industries, Inc. vs peers in Metal Fabrication (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ESAB ESAB Corporation $4.1B 23.4× 19.9× +12.86% (above 0%: growing) −54.55% (below 0%: shrinking) −58.05% (below 0%: shrinking) 38.04% 9.75% Compare
GPGI CompoSecure, Inc. $3.7B — (loss-making) 15.1× −99.98% (below 0%: shrinking) n/m 0.00% 195.83% 0.00% Compare
WOR Worthington Enterprises, Inc. $3.1B 19.1× 14.8× +13.23% (above 0%: growing) +23.94% (above 0%: growing) +97.40% (above 0%: growing) 26.43% 3.79% Compare
PRLB Proto Labs, Inc. $2.1B 67.4× 55.0× +10.57% (above 0%: growing) +100.00% (above 0%: growing) +1.35% (above 0%: growing) 46.43% 7.61% Compare
RYZ Ryerson Holding Corporation $1.4B — (loss-making) — (loss-making) +71.57% (above 0%: growing) +400.00% (above 0%: growing) −67.35% (below 0%: shrinking) 17.71% 1.71% Compare
IIIN Insteel Industries, Inc. $574.4M 15.9× 17.4× +9.88% (above 0%: growing) −41.03% (below 0%: shrinking) −61.18% (below 0%: shrinking) 10.17% 5.86%
MEC Mayville Engineering Company, Inc. $362.4M — (loss-making) — (loss-making) +23.16% (above 0%: growing) n/m −153.04% (below 0%: shrinking) 10.86% 0.24% Compare
TG Tredegar Corporation $275.4M 8.2× 12.1× +19.82% (above 0%: growing) +240.00% (above 0%: growing) +16.12% (above 0%: growing) 13.42% 3.81% Compare
AP Ampco-Pittsburgh Corporation $174.6M — (loss-making) 5.9× −9.01% (below 0%: shrinking) n/m −44.03% (below 0%: shrinking) 21.61% 4.93% Compare
Median of peers $1.7B 21.3× 15.0× +13.05% +100.00% −22.01% 24.02% 3.80%

All 18 Metal Fabrication stocks →

Insteel Industries, Inc. (IIIN) key facts

  • Strength: Insteel Industries, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $647.7 million, up 22.4% from fiscal 2024.
  • Strength: Net income was $41.0 million, or $2.11 per share (basic), a net margin of 6.33%.
  • Insteel Industries, Inc. (IIIN) is a Metal Fabrication company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, IIIN traded at $29.66, a market capitalization of $574.4 million.
  • At that price the stock trades at 15.9× trailing-twelve-month earnings and 0.8× sales; its P/E is higher than 35% of its own readings over the past ten years.
  • Insteel Industries, Inc. pays an annual dividend of $0.12 per share, a yield of 0.40%, with a payout ratio of 6.45%.
  • Return on equity was 11.4% and debt-to-equity 0.00.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 7.99 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Insteel Industries, Inc. (IIIN) Latest News

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stockrow.com/IIIN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com