Insteel Industries, Inc. (IIIN) Balance Sheet
IIIN balance sheet, FY2025
September 30, 2025 · U.S. dollars$462.6M assets = $91.1M liabilities + $371.5M equity
Both columns are drawn to the same scale: what IIIN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IIIN financial health
Descriptive bands, not a rating. Fiscal FY2025.
IIIN balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $292.9MFY2016 | $462.6MFY2025 | +5.2%/yr | |
| Total liabilities | $68.3MFY2016 | $91.1MFY2025 | +3.3%/yr | |
| Shareholders’ equity | $224.6MFY2016 | $371.5MFY2025 | +5.8%/yr | |
| Cash & short-term investments | $58.9MFY2016 | $38.6MFY2025 | −4.6%/yr | |
| Total debt | $2.5MFY2020 | $3.9MFY2025 | +9.1%/yr | |
| Net cash (debt) | $66.2MFY2020 | $34.7MFY2025 | −$31.4M | |
| Working capital | $126.7MFY2016 | $195.9MFY2025 | +$69.2M | |
| Book value per share | $11.79FY2016 | $19.00FY2025 | +5.4%/yr | |
| Current ratio | 3.36FY2016 | 3.97FY2025 | +0.61 | |
| Debt / equity | 0.01FY2020 | 0.01FY2025 | 0.00 | |
| Shares outstanding | 19.1MFY2016 | 19.6MFY2025 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IIIN assets
IIIN liabilities and equity
IIIN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IIIN balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $38.6M | $111.5M | $125.7M | $48.3M | $89.9M | $68.7M | $38.2M | $43.9M | $32.1M | $58.9M |
| Cash & equivalents | $38.6M | $111.5M | $125.7M | $48.3M | $89.9M | $68.7M | $38.2M | $43.9M | $32.1M | $58.9M |
| Short-term investments | — | −$6.2M | — | — | — | — | — | $0 | $0 | $0 |
| Receivables | $78.7M | $59.7M | $63.4M | $81.6M | $67.9M | $53.8M | $44.2M | $51.5M | $40.3M | $47.4M |
| Inventory | $137.8M | $88.8M | $103.3M | $197.7M | $79.0M | $69.0M | $70.9M | $94.2M | $81.9M | $71.2M |
| Other current assets | $6.8M | $7.3M | $6.5M | $7.7M | $10.1M | $5.6M | $7.4M | $5.9M | $5.9M | $3.0M |
| Total current assets | $261.9M | $267.3M | $298.9M | $335.3M | $246.9M | $197.0M | $160.6M | $195.5M | $160.2M | $180.5M |
| Property, plant & equipment (net) | $128.7M | $127.2M | $122.0M | $108.2M | $105.6M | $101.4M | $105.0M | $106.1M | $98.7M | $88.2M |
| Goodwill & intangible assets | $54.3M | $15.1M | $15.8M | $16.6M | $17.4M | $18.3M | $16.9M | $18.0M | $14.9M | $16.0M |
| Long-term investments | $73,000 | $125,000 | $175,000 | $41,000 | $106,000 | $170,000 | $237,000 | $40,000 | $105,000 | $170,000 |
| Other non-current assets | $17.6M | $12.8M | $10.7M | $11.6M | $20.7M | $21.0M | $10.3M | $9.9M | $9.2M | $8.0M |
| Total assets | $462.6M | $422.6M | $447.5M | $471.7M | $390.7M | $337.9M | $293.0M | $329.5M | $283.1M | $292.9M |
| Liabilities | ||||||||||
| Accounts payable | $48.2M | $37.5M | $34.3M | $46.8M | $49.4M | $39.0M | $21.6M | $60.1M | $33.7M | $42.8M |
| Short-term debt | $1.9M | $877,000 | $999,000 | $997,000 | $1.0M | $1.2M | — | — | — | — |
| Deferred revenue | $360,000 | $433,000 | −$999,000 | — | — | — | — | — | — | — |
| Total current liabilities | $66.0M | $47.0M | $46.2M | $62.6M | $68.8M | $53.7M | $28.4M | $72.0M | $42.3M | $53.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.9M | $1.7M | $1.9M | $1.6M | $1.7M | $2.5M | — | — | — | — |
| Other long-term liabilities | $25.1M | $24.7M | $19.9M | $19.4M | $19.8M | $19.4M | $18.6M | $15.9M | $17.4M | $14.5M |
| Total liabilities | $91.1M | $71.7M | $66.0M | $82.0M | $88.7M | $73.1M | $47.0M | $87.9M | $59.7M | $68.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $19.4M | $19.5M | $19.5M | $19.5M | $19.4M | $19.3M | $19.3M | $19.2M | $19.0M | $19.0M |
| Retained earnings (deficit) | $262.7M | $245.3M | $278.5M | $289.2M | $206.4M | $171.1M | $154.4M | $151.1M | $135.9M | $139.3M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$36,000 | −$608,000 | −$283,000 | −$977,000 | −$2.4M | −$2.0M | −$2.2M | −$1.5M | −$1.3M | −$1.5M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $371.5M | $350.9M | $381.5M | $389.7M | $302.0M | $264.8M | $246.0M | $241.7M | $223.4M | $224.6M |
| Key figures | ||||||||||
| Total debt | $3.9M | $1.7M | $1.9M | $1.6M | $1.7M | $2.5M | — | — | — | — |
| Net cash (debt) | $34.7M | $109.8M | $123.7M | $46.7M | $88.2M | $66.2M | — | — | — | — |
| Working capital | $195.9M | $220.3M | $252.7M | $272.7M | $178.1M | $143.4M | $132.2M | $123.5M | $117.9M | $126.7M |
| Tangible book value | $317.2M | $335.8M | $365.7M | $373.2M | $284.6M | $246.5M | $229.1M | $223.7M | $208.5M | $208.5M |
| Book value per share | $19.00 | $17.92 | $19.50 | $19.86 | $15.46 | $13.66 | $12.72 | $12.54 | $11.62 | $11.79 |
| Shares outstanding | 19.6M | 19.6M | 19.6M | 19.6M | 19.5M | 19.4M | 19.3M | 19.3M | 19.2M | 19.1M |
| Current ratio | 3.97 | 5.68 | 6.47 | 5.36 | 3.59 | 3.67 | 5.65 | 2.72 | 3.79 | 3.36 |
| Quick ratio | 1.78 | 3.64 | 4.10 | 2.08 | 2.29 | 2.28 | 2.90 | 1.33 | 1.71 | 1.98 |
| Debt / equity | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | — | — | — | — |
| Equity / assets | 80.3% | 83.0% | 85.3% | 82.6% | 77.3% | 78.4% | 84.0% | 73.3% | 78.9% | 76.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $22.9M | $15.1M | $15.6M | $38.6M | $53.7M | $28.4M | $36.0M | $111.5M | $97.7M | $83.9M | $85.6M | $125.7M |
| Cash & equivalents | $22.9M | $15.1M | $15.6M | $38.6M | $53.7M | $28.4M | $36.0M | $111.5M | $97.7M | $83.9M | $85.6M | $125.7M |
| Short-term investments | — | — | — | — | — | — | — | −$6.2M | — | — | — | — |
| Receivables | $80.7M | $83.3M | $64.6M | $78.7M | $83.6M | $79.9M | $51.2M | $59.7M | $63.4M | $56.4M | $46.1M | $63.4M |
| Inventory | $166.9M | $159.0M | $172.3M | $137.8M | $119.2M | $96.0M | $98.7M | $88.8M | $89.4M | $92.5M | $94.1M | $103.3M |
| Other current assets | $8.3M | $6.2M | $5.7M | $6.8M | $7.2M | $6.4M | $6.6M | $7.3M | $6.6M | $6.8M | $6.0M | $6.5M |
| Total current assets | $278.9M | $263.5M | $258.2M | $261.9M | $263.5M | $210.8M | $192.5M | $267.3M | $257.1M | $239.7M | $231.8M | $298.9M |
| Property, plant & equipment (net) | $124.3M | $126.2M | $129.9M | $128.7M | $131.1M | $133.9M | $136.4M | $127.2M | $129.9M | $129.8M | $131.5M | $122.0M |
| Goodwill & intangible assets | $53.1M | $53.5M | $53.9M | $54.3M | $54.8M | $55.3M | $53.6M | $15.1M | $15.3M | $15.5M | $15.6M | $15.8M |
| Long-term investments | $35,000 | $48,000 | $61,000 | $73,000 | $87,000 | $99,000 | $112,000 | $125,000 | $137,000 | $150,000 | $163,000 | $175,000 |
| Other non-current assets | $17.6M | $17.2M | $14.0M | $17.6M | $22.4M | $21.8M | $22.1M | $12.8M | $12.2M | $12.1M | $11.5M | $10.7M |
| Total assets | $473.9M | $460.5M | $456.1M | $462.6M | $471.9M | $421.9M | $404.7M | $422.6M | $414.6M | $397.2M | $390.6M | $447.5M |
| Liabilities | ||||||||||||
| Accounts payable | $65.5M | $62.2M | $57.3M | $48.2M | $73.4M | $43.0M | $36.7M | $37.5M | $34.8M | $25.4M | $23.9M | $34.3M |
| Short-term debt | $1.6M | $1.7M | $1.8M | $1.9M | $1.8M | $1.6M | $1.1M | $877,000 | $968,000 | $1.1M | $1.1M | $999,000 |
| Deferred revenue | $360,000 | $360,000 | $360,000 | $360,000 | — | — | — | $433,000 | — | — | −$1.1M | −$999,000 |
| Total current liabilities | $78.1M | $71.0M | $72.2M | $66.0M | $89.7M | $54.4M | $47.1M | $47.0M | $44.7M | $33.4M | $33.4M | $46.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.6M | $3.0M | $3.6M | $3.9M | $4.1M | $3.5M | $2.3M | $1.7M | $2.0M | $2.3M | $2.1M | $1.9M |
| Other long-term liabilities | $24.4M | $25.0M | $25.1M | $25.1M | $26.0M | $26.0M | $26.0M | $24.7M | $23.9M | $23.2M | $23.5M | $19.9M |
| Total liabilities | $102.5M | $96.0M | $97.3M | $91.1M | $115.7M | $80.4M | $73.0M | $71.7M | $68.6M | $56.6M | $57.0M | $66.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $19.4M | $19.4M | $19.4M | $19.4M | $19.4M | $19.4M | $19.4M | $19.5M | $19.4M | $19.5M | $19.4M | $19.5M |
| Retained earnings (deficit) | $261.3M | $254.4M | $249.8M | $262.7M | $249.0M | $234.7M | $225.9M | $245.3M | $241.3M | $236.1M | $230.0M | $278.5M |
| Accumulated other comprehensive income | −$36,000 | −$36,000 | −$36,000 | −$36,000 | −$608,000 | −$608,000 | −$608,000 | −$608,000 | −$283,000 | −$283,000 | −$283,000 | −$283,000 |
| Total shareholders' equity | $371.4M | $364.5M | $358.8M | $371.5M | $356.2M | $341.4M | $331.6M | $350.9M | $346.0M | $340.6M | $333.6M | $381.5M |
| Key figures | ||||||||||||
| Total debt | $2.6M | $3.0M | $3.6M | $3.9M | $4.1M | $3.5M | $2.3M | $1.7M | $2.0M | $2.3M | $2.1M | $1.9M |
| Net cash (debt) | $20.4M | $12.0M | $12.0M | $34.7M | $49.6M | $24.9M | $33.6M | $109.8M | $95.8M | $81.7M | $83.5M | $123.7M |
| Working capital | $200.7M | $192.5M | $186.0M | $195.9M | $173.8M | $156.4M | $145.4M | $220.3M | $212.4M | $206.3M | $198.4M | $252.7M |
| Tangible book value | $318.3M | $311.0M | $304.9M | $317.2M | $301.4M | $286.1M | $278.0M | $335.8M | $330.7M | $325.2M | $317.9M | $365.7M |
| Book value per share | $19.05 | $18.63 | $18.35 | $18.96 | $18.22 | $17.48 | $16.96 | $17.92 | $17.68 | $17.38 | $17.04 | $19.50 |
| Shares outstanding | 19.5M | 19.6M | 19.6M | 19.6M | 19.6M | 19.5M | 19.6M | 19.6M | 19.6M | 19.6M | 19.6M | 19.6M |
| Current ratio | 3.57 | 3.71 | 3.58 | 3.97 | 2.94 | 3.87 | 4.09 | 5.68 | 5.75 | 7.18 | 6.93 | 6.47 |
| Quick ratio | 1.33 | 1.39 | 1.11 | 1.78 | 1.53 | 1.99 | 1.85 | 3.64 | 3.60 | 4.20 | 3.94 | 4.10 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 78.4% | 79.2% | 78.7% | 80.3% | 75.5% | 80.9% | 81.9% | 83.0% | 83.5% | 85.7% | 85.4% | 85.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 23, 2025); data from EODHD.
IIIN financial position
At the end of fiscal 2025 (September 30, 2025), Insteel Industries had total assets of $462.6 million (up 9.5% from a year earlier), total liabilities of $91.1 million and shareholders' equity of $371.5 million. It held $38.6 million in cash and short-term investments against $3.9 million of debt, a net cash position of $34.7 million. Its current ratio was 3.97. In the latest quarter (ended June 30, 2026) total assets were $473.9 million and equity $371.4 million.
Related: IIIN income statement, IIIN cash flow statement, IIIN key metrics. See the IIIN stock overview for the latest quote and news.
IIIN balance sheet FAQ
What are Insteel Industries's total assets?
Insteel Industries reported total assets of $462.6 million at the end of fiscal 2025 (September 30, 2025), compared with $422.6 million a year earlier.
How much debt does Insteel Industries have?
Insteel Industries had $3.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Insteel Industries have?
Insteel Industries held $38.6 million in cash and short-term investments at the end of fiscal 2025; with $3.9 million of debt that is net cash of $34.7 million.
What is Insteel Industries's book value?
Insteel Industries's shareholders' equity (book value) was $371.5 million at the end of fiscal 2025, or $19.00 per share.
What is Insteel Industries's current ratio?
Insteel Industries had current assets of $261.9 million and current liabilities of $66.0 million, a current ratio of 3.97 (it can cover its short-term obligations).
How much goodwill does Insteel Industries have?
Insteel Industries carried $54.3 million of goodwill and intangible assets, 11.7% of total assets, at the end of fiscal 2025.