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Friedman Industries vs Insteel Industries: FRD and IIIN compared
Friedman Industries is the larger company: $287M of revenue in its latest quarter (Q2 FY27) against $209M for Insteel Industries (Q4 FY26). Friedman Industries is growing faster (+88% against +18% a year earlier). Friedman Industries is more profitable, with an operating margin of 12.8% against 4.9%.
Where the money goes: FRD and IIIN
Friedman Industries (FRD) · Q2 FY27
Friedman Industries, Q2 FY27: revenue $287M (+88% year over year), operating margin 12.8%, net earnings $15.6M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
Insteel Industries (IIIN) · Q4 FY26
Insteel Industries, Q4 FY26: revenue $209M (+18% year over year), operating margin 4.9%, net earnings $7.7M, operating cash flow $18.6M. The chart follows the revenue to costs, profit and cash.
| Friedman Industries (FRD) | Insteel Industries (IIIN) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q4 FY26 |
| Revenue | $287M | $209M |
| Revenue growth, Y/Y | +88% | +18% |
| Gross margin | — | 10.0% |
| Operating margin | 12.8% | 4.9% |
| Net earnings | $15.6M | $7.7M |
| Net margin | 5.4% | 3.7% |
| Operating cash flow | $6.1M | $18.6M |
| Free cash flow | $2.4M | $15.9M |
| Market value | — | $583M |
| P/E | — | 19.8× |
| Analysts’ mean target | — | $37.00 |
Where the revenue comes from
Insteel Industries
- Welded Wire Reinforcement: $135M (65%)
- PC Strand: $73.9M (35%)
Questions
Which is bigger, Friedman Industries or Insteel Industries?
Friedman Industries is the larger company: $287M of revenue in its latest quarter (Q2 FY27) against $209M for Insteel Industries (Q4 FY26).
Is Friedman Industries or Insteel Industries growing faster?
Friedman Industries is growing faster (+88% against +18% a year earlier).
Which is more profitable, Friedman Industries or Insteel Industries?
Friedman Industries is more profitable, with an operating margin of 12.8% against 4.9%.
More: Friedman Industries earnings · how Friedman Industries makes money · Insteel Industries earnings · how Insteel Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-K filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.