IIIN
Insteel Industries Inc.

Insteel Industries Inc.IIIN

Industrials · Metal Fabrication
26.74USD
-0.74%
Nov 08, 2026
IIIN overview ready
Domestic Steel Wire Reinforcement Supplier for Concrete Infrastructure
Insteel is a focused domestic producer of steel wire reinforcement for concrete construction.
Theme not measured
Steel & Steel Inputs has no leadership state this session.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Cyclicality of construction markets.
Market Nov 6Filing Oct 3Price action Nov 7Research Oct 21

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance5.0BusinessQuality6.8Valuation7.5ThemeMomentum—Mixed — Revenue growth has accelerated across 3 consecutive quarters, rising from +7.5% to +18% year over year. Diluted EPS fell 46% year over year to $0.40. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Steel & Steel Inputs — Steel & Steel Inputs has only one or two priced members — no leadership state
Its economic family, Materials & Mining, reads Lagging (−14.1pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$517.5M
Avg Volume (60D)
155.0K
60 sessions
Revenue Growth YoY
+14.2%
FY2026 vs FY2025
Gross Margin
+10.2%
Trailing twelve months
Operating Margin
+5.2%
Trailing twelve months
Free Cash Flow Yield
+4.8%
Distance from 200DMA
-13.0%
Next Earnings
2027-01-14
P/E
17.5x
Market metrics as of Nov 6, 2026
Financial results for the period ended Oct 3, 2026
Filed balance-sheet data as of Oct 3, 2026

Business Performance

Mixed

Revenue growth has accelerated across 3 consecutive quarters, rising from +7.5% to +18% year over year. Diluted EPS fell 46% year over year to $0.40.

Latest reported: Q4 FY2026, ended Oct 3
Revenue growthAccelerating
+18%
$209M in Q4 FY2026 · YoY
YoY growth, last 4 quarters
  1. +23%
  2. +7.5%
  3. +9.9%
  4. +18%
Earnings growthDeclining
-46%
Diluted EPS $0.40 vs $0.74 a year earlier · GAAP, from the earnings release
Diluted EPS YoY (GAAP), last 4 quarters
  1. +550%
  2. -48%
  3. -41%
  4. -46%
Gross marginContracting
10.1%
-6.1 pp YoY

Business Quality

6.8 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap.
Insteel Industries Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces. It trades at a 4.8% free-cash-flow yield, which the underlying economics comfortably support.

Company Research

Thesis
Insteel is a focused domestic producer of steel wire reinforcement for concrete construction. Its prestressed concrete strand is used in precast and prestressed structural applications, while welded wire reinforcement is used in structural concrete, concrete pipe and drainage products, and slab-on-grade construction.
Opportunity
Moderate opportunity
Demand for steel reinforcement products used in concrete-intensive transportation, utility, water, precast, industrial, and large commercial construction, supported by public infrastructure programs and major-project development.
Key risk
Cyclicality of construction markets.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Metal Fabrication
What they do

Insteel Industries manufactures and markets steel wire reinforcing products used in concrete construction, operating primarily in the U.S. Market through its subsidiaries.

How it earns

The company generates revenue through transactional sales of steel wire reinforcement products to construction and infrastructure customers.

Products & services
Prestressed concrete strand (PC strand)
Welded wire reinforcement (WWR)
Customers & end markets
Nonresidential construction
Residential construction
Public infrastructure projects
Market position

Niche domestic producer specializing in steel wire reinforcement for concrete construction applications.

Demand drivers
High cyclicality

Construction activity and infrastructure spending are sensitive to economic cycles and public funding availability.