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Insteel Industries Inc key statistics and ratios

In fiscal 2026, Insteel Industries Inc had return on equity of 7.9%, a net margin of 4.0%, debt equal to 0.0% of equity and a current ratio of 3.72. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Oct 20102011Oct 20112012Sept 20122013Sept 20132014Sept 20142015Oct 20152016Oct 20162017Sept 20172018Sept 20182019Sept 20192020Oct 20202021Oct 20212022Oct 20222023Sept 20232024Sept 20242025Sept 20252026Oct 2026
Gross margin8.5%9.4%6.2%10.8%11.9%13.0%20.4%15.4%15.6%6.6%11.8%20.6%23.9%10.1%9.4%14.4%10.2%
Net margin0.2%−0.1%0.5%3.2%4.1%4.9%8.9%5.8%8.0%1.2%4.0%11.3%15.1%5.0%3.6%6.3%4.0%
Free-cash-flow margin5.4%−3.2%1.4%8.7%5.0%6.4%10.3%0.1%7.8%−0.9%10.4%8.9%−1.2%17.2%7.4%2.9%3.4%
Return on equity0.3%−0.3%1.2%7.6%9.8%11.5%17.5%10.1%15.6%2.3%7.4%23.5%36.1%8.4%5.3%11.4%7.9%
Return on assets0.3%−0.2%0.9%5.6%7.1%8.4%13.5%7.8%11.8%1.8%6.0%18.3%29.0%7.1%4.4%9.3%6.3%
Asset turnover1.161.691.711.731.741.731.511.351.481.461.501.621.921.411.221.461.57
Current ratio4.432.623.203.242.263.303.363.792.725.653.673.595.366.475.683.973.72
Debt to equity0.0%9.5%7.7%—0.0%5.0%0.0%0.0%0.0%2.2%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Effective tax rate−9.0%—33.6%34.8%34.0%34.1%33.8%34.0%14.9%24.9%21.4%22.6%22.7%22.4%23.7%23.8%22.8%
SG&A as % of revenue7.6%5.8%5.2%5.7%5.7%5.8%6.2%6.6%6.2%5.4%6.6%5.5%4.4%4.7%5.6%6.0%5.1%
Capital spending as % of revenue0.7%2.4%2.2%1.4%2.2%1.6%3.1%5.3%4.1%2.3%1.5%3.0%1.9%4.7%3.6%1.3%1.6%
Free cash flow ÷ net income>999%—280.7%271.0%121.8%131.8%116.2%1.2%97.9%−69.7%258.4%78.6%−8.2%344.0%202.3%46.2%84.1%
Dividends ÷ net income445.7%—117.2%56.2%13.2%10.2%56.0%115.4%58.8%41.3%12.2%47.0%32.9%127.3%263.9%53.0%73.5%
Dividends and buybacks ÷ free cash flow18.5%—41.8%20.8%10.8%7.7%48.2%>999%60.1%—4.7%59.7%—39.1%135.1%126.8%100.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 1 checks passed · October 3, 2026
What it owns · $480m
Short-term assets $286mLonger-term assets $194m
What it owes, and who funded it · $457m
Short-term liabilities $77mShareholders' equity $380m
  • Short-term assets cover short-term liabilities $286m of assets due within a year against $77m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Insteel Industries Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

44 /100

Weak moat

How hard Insteel Industries's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Cash operating profit has been a median 7.5% of total assets over 10 years.

  • Pricing power 5 / 20

    Gross margin has been a median 13.1%, moving by 5.1 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Net margin has been a median 5.4%; its worst year was 1.2%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 8 of 10 years, at a median 5.4% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 0.1% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Insteel Industries Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Insteel Industries Inc.