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Insteel Industries Inc. ( we, us, our, the Company or Insteel ) is the nation s largest manufacturer of steel wire reinforcing products for concrete construction applications. We manufacture and market prestressed concrete strand ( PC strand ) and welded wire reinforcement ( WWR ), including ESM, concrete pipe reinforcement ( CPR ) and standard welded wire reinforcement ( SWWR ).
$31.72
+$0.72 (+2.32%)
Live · 06:11 PM
Operating margin is thin at 8.40%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 22.4% YoY with margins expanding 4.6pp. However, free cash flow softened 51%, worth monitoring whether this is timing or structural.
Free cash flow declined 51% versus the prior year, cash generation momentum has weakened.
17.1x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$708M
▲ +22.4% YoY
Net Income (TTM)
$36M
▲ +112.5% YoY
Op. Margin
6.58%
▲ +4.6pp YoY
ROIC
9.62%
▲ +7.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▼ -51.5% YoY
Op. Cash Flow (TTM)
$1M
▼ -53.3% YoY
Net Debt
-$20M
Net Cash Position
Cash & Equiv.
$23M
5Y CAGR: +6.5%
5Y CAGR: -17.3%
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At a P/E of 17.1, A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Insteel Industries scores 31/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.5%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Insteel Industries scores 31 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 6.6% operating margin and a 9.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Insteel Industries pays a regular dividend of about $1.11 per share per year (typically in quarterly installments), a yield of roughly 3.5% at the current price. That is a payout ratio of about 59.7% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For IIIN's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh IIIN's valuation and scores 31/100 on quality (lower-quality). It also yields about 3.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.