IIINNYSESteel Works, Blast Furnaces & Rolling & Finishing MillsFiscal year ends October 3
INSTEEL INDUSTRIES INC
Financials through Q3 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Jul 16, 2026
$29.53−0.13 (-0.44%)
Close on Oct 19, 2026
- Market cap
- $575.66M
- P/E (TTM)
- 15.9
- Dividend yield
- 3.79%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
14.4%+2.6 pts over 5 years
Net margin
6.3%+2.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.4% | -7.8% | +6.5% | +3.8% | |
| Gross profit | +88.3% | -22.1% | +10.9% | +4.8% | |
| Net income | +112.5% | -31.0% | +16.6% | +6.6% | |
| EPS, diluted | +112.1% | -30.9% | +16.5% | +6.2% | |
| Free cash flow | -51.5% | – | -17.3% | -4.0% | |
| Dividend per share | -57.3% | -19.2% | +56.3% | +25.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 17.5% | 7.4% | 11.4% | |
| Return on assets | 13.5% | 6.0% | 9.3% | |
| Current ratio | 3.36 | 3.67 | 3.97 | |
| Inventory turnover | 4.9× | 6.0× | 4.9× | |
| Capex to revenue | 3.1% | 1.5% | 1.3% | |
| Diluted shares | 19M | 19M | 20M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Insteel Industries generated $303.12M from operations and spent $285.52M on capital expenditure, dividends and share buybacks. 32% of that went back into the business.
Generated
$303.12M
Used
$285.52M
Capital expenditure$91.46M32%Dividends$186.41M65%Share buybacks$7.64M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.3%
×Asset turnover1.46×
×Equity multiplier1.23×
=Return on equity, FY202511.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.3% | 1.46× | 1.23× | 11.4% |
| FY2024 | 3.6% | 1.22× | 1.19× | 5.3% |
| FY2023 | 5.0% | 1.41× | 1.19× | 8.4% |
| FY2022 | 15.1% | 1.92× | 1.25× | 36.1% |
| FY2021 | 11.3% | 1.62× | 1.29× | 23.5% |
| FY2020 | 4.0% | 1.50× | 1.24× | 7.4% |
| FY2019 | 1.2% | 1.46× | 1.28× | 2.3% |
| FY2018 | 8.0% | 1.48× | 1.32× | 15.6% |
| FY2017 | 5.8% | 1.35× | 1.29× | 10.1% |
| FY2016 | 8.9% | 1.51× | 1.30× | 17.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$41.02M
- Cash generatingOperating cash flow above zero$27.16M
- Return on assets improvedROA up on the prior year4.3% → 9.7%
- Earnings backed by cashOperating cash flow above net income$27.16M vs $41.02M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose5.68 → 3.97
- No dilutionShare count did not rise20M → 20M
- Gross margin improvedGross margin up on the prior year9.38% → 14.43%
- More efficientAsset turnover rose1.18 → 1.53