Insteel Industries, Inc. (IIIN) Income Statement
IIIN FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsIIIN revenue and net income
Where IIIN's revenue goes
FY2025Each bar shows an amount and its share of revenue. IIIN kept 6.3% of revenue as net income.
IIIN profit margins
IIIN growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.4% | −7.8% | +6.5% | +3.8% |
| Gross profit | +88.3% | −22.1% | +10.9% | +4.8% |
| Operating income | +171.6% | −30.4% | +17.4% | +5.3% |
| Net income | +112.5% | −31.0% | +16.6% | +6.6% |
| EPS (diluted) | +122.2% | −29.8% | +16.8% | +6.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IIIN quarterly EPS vs estimates
Insteel Industries beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.49).
IIIN income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $647.7M | $529.2M | $649.2M | $826.8M | $590.6M | $472.6M | $455.7M | $453.2M | $388.9M | $418.5M |
| Cost of revenue | $554.3M | $479.6M | $583.8M | $629.5M | $469.1M | $416.8M | $425.7M | $382.4M | $329.1M | $333.4M |
| Gross profit | $93.4M | $49.6M | $65.4M | $197.3M | $121.5M | $55.8M | $30.1M | $70.8M | $59.8M | $85.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $39.0M | $29.6M | $30.7M | $36.0M | $32.4M | $31.3M | $24.5M | $28.3M | $25.5M | $28.6M |
| Total operating expenses | $39.0M | $29.6M | $30.7M | $36.0M | $32.4M | $31.3M | $24.5M | $28.3M | $25.5M | $28.6M |
| Operating income | $54.4M | $20.0M | $34.7M | $161.3M | $89.2M | $24.4M | $7.6M | $42.5M | $34.3M | $56.6M |
| Interest income | $2.1M | $5.4M | $3.7M | $326,000 | $21,000 | $473,000 | $293,000 | $515,000 | $248,000 | $166,000 |
| Interest expense | $52,000 | $89,000 | $87,000 | $91,000 | $96,000 | $106,000 | $168,000 | $114,000 | $136,000 | $158,000 |
| Income before taxes | $53.8M | $25.3M | $41.8M | $161.7M | $86.1M | $24.2M | $7.5M | $42.6M | $34.2M | $56.3M |
| Income taxes | $12.8M | $6.0M | $9.3M | $36.7M | $19.5M | $5.2M | $1.9M | $6.4M | $11.6M | $19.0M |
| Net income | $41.0M | $19.3M | $32.4M | $125.0M | $66.6M | $19.0M | $5.6M | $36.3M | $22.5M | $37.2M |
| EBITDA | $72.2M | $40.8M | $55.1M | $176.3M | $100.7M | $38.5M | $21.2M | $55.6M | $46.0M | $68.0M |
| EPS (diluted) | $2.20 | $0.99 | $1.66 | $6.35 | $3.53 | $1.01 | $0.22 | $1.67 | $1.18 | $2.04 |
| Gross margin | 14.4% | 9.4% | 10.1% | 23.9% | 20.6% | 11.8% | 6.6% | 15.6% | 15.4% | 20.4% |
| Operating margin | 8.4% | 3.8% | 5.3% | 19.5% | 15.1% | 5.2% | 1.7% | 9.4% | 8.8% | 13.5% |
| Net margin | 6.3% | 3.6% | 5.0% | 15.1% | 11.3% | 4.0% | 1.2% | 8.0% | 5.8% | 8.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197.7M | $172.7M | $159.9M | $177.4M | $179.9M | $160.7M | $129.7M | $134.3M | $145.8M | $127.4M | $121.7M | $157.5M |
| Cost of revenue | $177.6M | $156.2M | $141.9M | $148.8M | $149.1M | $136.1M | $120.2M | $122.0M | $130.4M | $111.7M | $115.5M | $143.5M |
| Gross profit | $20.1M | $16.5M | $18.1M | $28.6M | $30.8M | $24.5M | $9.5M | $12.3M | $15.4M | $15.7M | $6.3M | $14.0M |
| Sales, general & admin | $8.5M | $9.7M | $8.8M | $9.7M | $10.6M | $10.8M | $7.9M | $7.5M | $7.9M | $7.9M | $6.4M | $8.1M |
| Total operating expenses | $8.5M | $9.7M | $8.8M | $9.7M | $10.6M | $10.8M | $7.9M | $7.5M | $7.9M | $7.9M | $6.4M | $8.1M |
| Operating income | $11.5M | $6.7M | $9.3M | $18.9M | $20.2M | $13.7M | $1.6M | $4.8M | $7.5M | $7.8M | −$97,000 | $5.9M |
| Interest income | $188,000 | $61,000 | $370,000 | $493,000 | $472,000 | $316,000 | $786,000 | $1.4M | $1.2M | $1.1M | $1.7M | $1.4M |
| Interest expense | $12,000 | $23,000 | $13,000 | $12,000 | $14,000 | $13,000 | $13,000 | $13,000 | $19,000 | $28,000 | $29,000 | $20,000 |
| Income before taxes | $11.7M | $6.8M | $9.6M | $19.2M | $19.8M | $13.3M | $1.5M | $6.1M | $8.7M | $8.9M | $1.6M | $7.3M |
| Income taxes | $2.7M | $1.6M | $2.0M | $4.7M | $4.6M | $3.1M | $381,000 | $1.4M | $2.2M | $2.0M | $423,000 | $1.6M |
| Net income | $9.0M | $5.2M | $7.6M | $14.6M | $15.2M | $10.2M | $1.1M | $4.7M | $6.6M | $6.9M | $1.1M | $5.6M |
| EBITDA | $16.1M | $11.2M | $14.2M | $23.9M | $24.5M | $17.9M | $5.9M | $10.1M | $12.6M | $12.8M | $5.3M | $10.7M |
| EPS (diluted) | $0.46 | $0.27 | $0.39 | $0.75 | $0.81 | $0.55 | $0.09 | $0.24 | $0.34 | $0.35 | $0.06 | $0.29 |
| Gross margin | 10.2% | 9.6% | 11.3% | 16.1% | 17.1% | 15.3% | 7.3% | 9.1% | 10.6% | 12.3% | 5.2% | 8.9% |
| Operating margin | 5.8% | 3.9% | 5.8% | 10.7% | 11.2% | 8.5% | 1.3% | 3.6% | 5.2% | 6.2% | −0.1% | 3.7% |
| Net margin | 4.6% | 3.0% | 4.7% | 8.2% | 8.4% | 6.4% | 0.8% | 3.5% | 4.5% | 5.4% | 0.9% | 3.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IIIN's financial statements (latest annual report filed October 23, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IIIN financial results
In fiscal year 2025 (ended September 30, 2025), Insteel Industries reported revenue of $647.7 million, up 22.4% from the year before. It had net income of $41.0 million (up 112.5%), a net profit margin of 6.3%. Diluted earnings per share came to $2.20. Over five years revenue grew at an average rate of 6.5% a year.
See the IIIN stock overview for the latest quote and news, or the IIIN chart for price history and technical indicators.
IIIN income statement FAQ
What is Insteel Industries's annual revenue?
Insteel Industries reported total revenue of $647.7 million for fiscal year 2025, which ended on September 30, 2025. That was up 22.4% from $529.2 million the previous year.
Is Insteel Industries profitable?
Yes. Insteel Industries reported net income of $41.0 million in fiscal 2025, a net profit margin of 6.3%; its operating margin was 8.4%.
What is Insteel Industries's gross margin?
Insteel Industries's gross margin was 14.4% in fiscal 2025: for every $100 of revenue, Insteel Industries kept $14 after the direct cost of its products and services.
How fast is Insteel Industries growing?
Revenue grew 6.5% a year on average over the last five fiscal years, from $472.6 million to $647.7 million.
What are Insteel Industries's earnings per share?
Insteel Industries earned $2.20 per diluted share in fiscal 2025, compared with $0.99 a year earlier.
When will Insteel Industries report its next earnings?
Insteel Industries is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Insteel Industries's fiscal year end?
Insteel Industries's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on October 23, 2025.