Filing Flows › Insteel Industries (IIIN) › How it makes money
How Insteel Industries (IIIN) makes money
Insteel Industries (IIIN) made $209M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Welded Wire Reinforcement brought in $135M (65%); PC Strand brought in $73.9M (35%). Of every dollar of revenue, 10¢ was left as gross profit, 5¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q4 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Welded Wire Reinforcement | $135M | 64.7% | +9% | — |
| PC Strand | $73.9M | 35.3% | -0.1% | — |
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $209M | 100.0% |
| Cost of revenue | $188M | 90.0% |
| Gross profit | $21.0M | 10.0% |
| Operating expenses | $10.8M | 5.2% |
| Operating profit | $10.2M | 4.9% |
| Income tax | $2.5M | 1.2% |
| Net earnings | $7.7M | 3.7% |
| Operating cash flow | $18.6M | 8.9% |
| Free cash flow | $15.9M | 7.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $209M | +18% |
| Q3 FY26 | $198M | +10% |
| Q2 FY26 | $173M | +8% |
| Q1 FY26 | $160M | +23% |
| Q4 FY25 | $177M | +32% |
| Q3 FY25 | $180M | +23% |
| Q2 FY25 | $161M | +26% |
From Insteel Industries' 10-K filed Oct 29, 2026 (on EDGAR).
Questions
How does Insteel Industries make money?
Insteel Industries (IIIN) made $209M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Welded Wire Reinforcement brought in $135M (65%); PC Strand brought in $73.9M (35%). Of every dollar of revenue, 10¢ was left as gross profit, 5¢ was left as operating profit, 4¢ was left as net earnings.
What is Insteel Industries' biggest business?
Welded Wire Reinforcement: $135M in the fourth quarter fiscal 2026, 65% of revenue.
What is Insteel Industries' profit margin?
Net earnings were $7.7M, 3.7% of revenue, in the fourth quarter fiscal 2026; the operating margin was 4.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.