Insteel Industries (IIIN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Insteel Industries

NYSE•Industrials•Metal Fabrication

$31.26+0.21(0.01%)Market closed

Market Cap

$585.12M

P/E

16.1x

P/S

0.8x

P/B

1.6x

Insteel Industries Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand, a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. It sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors. Insteel Industries Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Growth (25/25); weakest: Cash & Earnings Quality (9/25).

Profitability14/25

Growth25/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality9/25

Strengths

Growing revenueRising earningsInterest easily coveredConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.1x5y range 4.2x – 33.3x

Currently near its 20-quarter median.

P/S · 0.8x5y range 0.6x – 1.3x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.3x – 2.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $585.12M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $707.68M
Q. Revenue: $197.66M
TTM EBITDA: $65.48M
TTM Op. Income: $47.47M
Q. Op. Income: $11.76M
TTM Net Income: $36.38M
Q. Net Income: $9.02M
EPS: $0.46
Shares Out.: $19.45M

$707.68M in TTM revenue grew 17.1% YoY, reaching $197.66M last quarter. TTM EBITDA of $65.48M and TTM operating income of $47.47M show growth is flowing through to the bottom line. TTM net income of $36.38M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 10.2%
EBITDA Margin: 8.2%
Op. Margin: 6.0%
Net Margin: 4.6%

Op. margin of 6.0% is down 5.0% YoY — costs are rising relative to revenue. Net margin at 4.6% and gross margin of 10.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 46% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.1x
P/S Ratio: 0.8x
P/B Ratio: 1.6x

At 16.1x P/E, the stock trades within typical market levels. P/S of 0.8x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $473.94M
Cash: $22.95M
Long-Term Debt: N/A
Book Value: $371.40M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $13.66M
TTM Free Cash Flow: $-9.76M
FCF Margin: -1.4%
FCF / Net Income: -0.3

TTM FCF of $-9.76M on $13.66M in operating cash flow. The FCF / Net Income ratio of -0.3x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 119% — a weakening trend.