Insteel Industries (IIIN) financial statements
Insteel Industries reported revenue of $648M in fiscal 2025, up 5.0% a year over 9 years.
Net income was $41M.
Free cash flow was $19M, and the company returned $22M in dividends and $2M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Insteel Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $419M | $389M | $453M | $456M | $473M | $591M | $827M | $649M | $529M | $648M |
| Cost of revenue | $333M | $329M | $382M | $426M | $417M | $469M | $630M | $584M | $480M | $554M |
| Gross profit | $85M | $60M | $71M | $30M | $56M | $122M | $197M | $65M | $50M | $93M |
| Selling, general and admin | $26M | $26M | $28M | $25M | $31M | $32M | $36M | $31M | $30M | $39M |
| Interest expense | $158,000 | $136,000 | $114,000 | $168,000 | $106,000 | $96,000 | $91,000 | $87,000 | $89,000 | $52,000 |
| Pre-tax income | $56M | $34M | $43M | $7M | $24M | $86M | $162M | $42M | $25M | $54M |
| Income tax | $19M | $12M | $6M | $2M | $5M | $19M | $37M | $9M | $6M | $13M |
| Net income | $37M | $23M | $36M | $6M | $19M | $67M | $125M | $32M | $19M | $41M |
| EPS (diluted) | $1.95 | $1.17 | $1.88 | $0.29 | $0.98 | $3.41 | $6.37 | $1.66 | $0.99 | $2.10 |
| Diluted shares | 19M | 19M | 19M | 19M | 19M | 20M | 20M | 20M | 20M | 20M |
| Gross margin | 20.4% | 15.4% | 15.6% | 6.6% | 11.8% | 20.6% | 23.9% | 10.1% | 9.4% | 14.4% |
| Net margin | 8.9% | 5.8% | 8.0% | 1.2% | 4.0% | 11.3% | 15.1% | 5.0% | 3.6% | 6.3% |
Balance sheet
Fiscal years, from Insteel Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $59M | $32M | $44M | $38M | $69M | $90M | $48M | $126M | $112M | $39M |
| Receivables | $47M | $40M | $51M | $44M | $54M | $68M | $82M | $63M | $58M | $79M |
| Inventory | $71M | $82M | $94M | $71M | $69M | $79M | $198M | $103M | $89M | $138M |
| Total current assets | $180M | $160M | $195M | $161M | $197M | $247M | $335M | $299M | $267M | $262M |
| Property, plant and equipment | $88M | $99M | $106M | $105M | $101M | $106M | $108M | $120M | $126M | $129M |
| Goodwill | $7M | $7M | $8M | $8M | $10M | $10M | $10M | $10M | $10M | $38M |
| Total assets | $293M | $283M | $330M | $293M | $338M | $391M | $472M | $448M | $423M | $463M |
| Total current liabilities | $54M | $42M | $72M | $28M | $54M | $69M | $63M | $46M | $47M | $66M |
| Total liabilities | $68M | $60M | $88M | $47M | $73M | $89M | $82M | $66M | $72M | $91M |
| Shareholders' equity | $225M | $223M | $242M | $246M | $265M | $302M | $390M | $382M | $351M | $372M |
| Net debt | -$59M | -$32M | -$44M | -$38M | -$69M | -$90M | -$48M | -$126M | -$112M | -$39M |
Cash flow
Fiscal years, from Insteel Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $56M | $21M | $54M | $7M | $56M | $70M | $6M | $142M | $58M | $27M |
| Capital spending | $13M | $21M | $18M | $11M | $7M | $18M | $16M | $31M | $19M | $8M |
| Free cash flow | $43M | $265,000 | $36M | -$4M | $49M | $52M | -$10M | $111M | $39M | $19M |
| Stock-based compensation | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M |
| Dividends paid | $21M | $26M | $21M | $2M | $2M | $31M | $41M | $41M | $51M | $22M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$1M | -$2M | -$2M | -$2M |
| Net borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free cash flow margin | 10.3% | 0.1% | 7.8% | -0.9% | 10.4% | 8.9% | -1.2% | 17.2% | 7.4% | 2.9% |
| Dividends per share | $1.09 | $1.35 | $1.11 | $0.12 | $0.12 | $1.60 | $2.10 | $2.11 | $2.60 | $1.11 |
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Open IIIN in InvestinglyQuestions
What was Insteel Industries's revenue in 2025?
$648M in fiscal 2025, from its 10-K filing.
How much free cash flow does Insteel Industries generate?
$19M in fiscal 2025 (operating cash flow minus capital spending).
From Insteel Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.