Filing Flows › Insteel Industries (IIIN) › Q3 FY26 › vs Q3 FY25
Insteel Industries (IIIN) Q3 FY26 vs Q3 FY25 (year over year)
Insteel Industries's revenue rose $17.8M (+10%) from $180M in Q3 FY25 to $198M in Q3 FY26. The biggest changes: PC Strand +$11.7M (+19%); Welded Wire Reinforcement +$6.1M (+5%). Gross margin 10.2% against 17.1% (-6.9 pts).
Insteel Industries, Q3 FY26: revenue $198M (+10% year over year), operating margin 5.9%, net earnings $9.0M, operating cash flow $13.7M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 10.2% | 17.1% | -6.9 pts |
| Operating margin | 5.9% | 11.0% | -5.1 pts |
| Net margin | 4.6% | 8.4% | -3.9 pts |
| Free cash flow margin | 5.3% | 15.0% | -9.6 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Welded Wire Reinforcement | $124M | $118M | $6.1M | +5% |
| PC Strand | $73.9M | $62.2M | $11.7M | +19% |
| Revenue | $198M | $180M | $17.8M | +10% |
| Gross profit | $20.1M | $30.8M | −$10.7M | -35% |
| Cost of revenue | $178M | $149M | $28.4M | +19% |
| Operating profit | $11.7M | $19.8M | −$8.1M | -41% |
| Operating expenses | $8.4M | $11.0M | −$2.6M | -23% |
| Pre-tax earnings | $11.7M | $19.8M | −$8.1M | -41% |
| Net earnings | $9.0M | $15.2M | −$6.1M | -41% |
| Income tax | $2.7M | $4.6M | −$1.9M | -42% |
| Depreciation & amortization | $4.4M | $4.7M | −$307K | -7% |
| Share-based compensation | $395K | $427K | −$32K | -7% |
| Working capital & other | $143K | −$8.2M | $8.4M | — |
| Operating cash flow | $13.7M | $28.5M | −$14.8M | -52% |
| Free cash flow (OCF − capex) | $10.5M | $26.9M | −$16.4M | -61% |
| Capital expenditures | $3.2M | $1.6M | $1.6M | +98% |
Questions
How much did Insteel Industries's revenue grow year over year in Q3 FY26?
Insteel Industries's revenue rose $17.8M (+10%) from $180M in Q3 FY25 to $198M in Q3 FY26.
What drove Insteel Industries's revenue change in Q3 FY26?
PC Strand +$11.7M (+19%); Welded Wire Reinforcement +$6.1M (+5%).