# Insteel Industries, Inc. (IIIN) — Stock CV

Insteel Industries, Inc. is a $570M industrial company. Revenue grew 17.1% over the last year, and it keeps 5¢ of every dollar of sales as profit. It trades at 15.7× earnings — around the middle of its own history.

> Insteel Industries Inc produces and sells prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). PC strand, a high-strength seven-wire cable, is used to strengthen precast concrete in structures like bridges, parking decks, and buildings, enabling longer spans and slimmer designs.

## Identity

- **Ticker**: IIIN
- **Sector**: Industrials
- **Industry**: Steel Works, Blast Furnaces & Rolling & Finishing Mills
- **Headquarters**: MOUNT AIRY, NC
- **Employees**: 1 007
- **Website**: https://www.insteel.com
- **Market cap**: $570M
- **Last price**: $29.50
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $708M
- **Net income**: $36.4M
- **Free cash flow**: -$9.76M
- **P/E**: 15.7
- **Revenue growth (YoY)**: 17.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 46 |
| Profitability | 42 |
| Health | 50 |
| Quality | 47 |
| Moat | 42 |

## Qualifications (beginner checklist) — 7 of 11 passed

- [x] Revenue growing — +17.1% YoY
- [x] Profitable — $36.4M TTM
- [ ] Profit growing — -31.0% YoY
- [ ] Generates cash — -$9.76M TTM
- [x] Debt under control — current ratio 3.57
- [ ] Established company — $570M market cap
- [x] Not printing shares — +0.9% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 3.80%
- [x] Valuation not extreme — P/E 15.7

## Experience (career milestones)

- **FY2022** — Best year on record: $125M net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data

## Strengths

- Revenue growing 17.1% year over year
- Interest covered 862.0× by operating earnings

## Watch-outs

- Negative free cash flow (-$9.8M)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $591M | $66.6M | $52.4M |
| FY2022 | $827M | $125M | -$10.2M |
| FY2023 | $649M | $32.4M | $111M |
| FY2024 | $529M | $19.3M | $39.1M |
| FY2025 | $648M | $41.0M | $18.9M |

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Source: https://stockcv.com/IIIN — derived from company filings; may be delayed or incomplete. Information, not investment advice.