Insteel Industries (IIIN)
Market Price (4/20/2026): $26.265 | Market Cap: $511.7 MilSector: Industrials | Industry: Building Products
Insteel Industries (IIIN)
Market Price (4/20/2026): $26.265Market Cap: $511.7 MilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% Low stock price volatilityVol 12M is 44% Megatrend and thematic driversMegatrends include Water Infrastructure, Sustainable Resource Management, and E-commerce Logistics & Data Centers. Themes include Water Treatment & Delivery, Show more. | Weak multi-year price returns2Y Excs Rtn is -57%, 3Y Excs Rtn is -64% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 32x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4% Key risksIIIN key risks include [1] cyclical construction demand for its concrete reinforcing products, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Sustainable Resource Management, and E-commerce Logistics & Data Centers. Themes include Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -57%, 3Y Excs Rtn is -64% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 32x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4% |
| Key risksIIIN key risks include [1] cyclical construction demand for its concrete reinforcing products, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Insteel Industries (IIIN) stock has lost about 15% since 12/31/2025 because of the following key factors:
1. Insteel Industries reported a significant miss on its Q2 Fiscal 2026 earnings and revenue, coupled with a substantial decline in profitability. The company's adjusted earnings per share (EPS) for the quarter, reported on April 16, 2026, came in at $0.27, a 57.8% miss compared to the analyst consensus of $0.64. Revenue of $172.7 million also fell short of estimates, with some consensus figures around $178.2 million, indicating a 3.1% miss, while other estimates around $190.3 million resulted in a 9.3% miss. Net earnings for the quarter dropped 49.0% year-over-year to $5.2 million.
2. The company experienced significant gross and operating margin compression due to increased costs and narrower spreads. In Q2 Fiscal 2026, the gross margin contracted to 9.6% from 15.3% in the prior-year quarter, representing a 5.7 percentage point decline. This was largely driven by narrower spreads between selling prices and higher raw material, manufacturing, and freight costs. The operating margin also fell to 3.9% from 8.5% in the same quarter last year, a 4.6 percentage point decrease, further eroding profitability. Additionally, in Q1 2026, gross margins sequentially fell to 11.3% from 16.1% due to the consumption of higher-cost inventory.
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1. Insteel Industries reported a significant miss on its Q2 Fiscal 2026 earnings and revenue, coupled with a substantial decline in profitability. The company's adjusted earnings per share (EPS) for the quarter, reported on April 16, 2026, came in at $0.27, a 57.8% miss compared to the analyst consensus of $0.64. Revenue of $172.7 million also fell short of estimates, with some consensus figures around $178.2 million, indicating a 3.1% miss, while other estimates around $190.3 million resulted in a 9.3% miss. Net earnings for the quarter dropped 49.0% year-over-year to $5.2 million.
2. The company experienced significant gross and operating margin compression due to increased costs and narrower spreads. In Q2 Fiscal 2026, the gross margin contracted to 9.6% from 15.3% in the prior-year quarter, representing a 5.7 percentage point decline. This was largely driven by narrower spreads between selling prices and higher raw material, manufacturing, and freight costs. The operating margin also fell to 3.9% from 8.5% in the same quarter last year, a 4.6 percentage point decrease, further eroding profitability. Additionally, in Q1 2026, gross margins sequentially fell to 11.3% from 16.1% due to the consumption of higher-cost inventory.
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Stock Movement Drivers
Fundamental Drivers
The -17.1% change in IIIN stock from 12/31/2025 to 4/19/2026 was primarily driven by a -20.0% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4192026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.64 | 26.22 | -17.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 648 | 690 | 6.5% |
| Net Income Margin (%) | 6.3% | 6.2% | -2.7% |
| P/E Multiple | 15.0 | 12.0 | -20.0% |
| Shares Outstanding (Mil) | 19 | 19 | 0.0% |
| Cumulative Contribution | -17.1% |
Market Drivers
12/31/2025 to 4/19/2026| Return | Correlation | |
|---|---|---|
| IIIN | -17.1% | |
| Market (SPY) | -5.4% | 37.0% |
| Sector (XLI) | 11.9% | 36.2% |
Fundamental Drivers
The -29.2% change in IIIN stock from 9/30/2025 to 4/19/2026 was primarily driven by a -48.2% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4192026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.06 | 26.22 | -29.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 605 | 690 | 14.1% |
| Net Income Margin (%) | 5.2% | 6.2% | 19.7% |
| P/E Multiple | 23.2 | 12.0 | -48.2% |
| Shares Outstanding (Mil) | 19 | 19 | 0.0% |
| Cumulative Contribution | -29.2% |
Market Drivers
9/30/2025 to 4/19/2026| Return | Correlation | |
|---|---|---|
| IIIN | -29.2% | |
| Market (SPY) | -2.9% | 31.6% |
| Sector (XLI) | 12.9% | 33.9% |
Fundamental Drivers
The 3.3% change in IIIN stock from 3/31/2025 to 4/19/2026 was primarily driven by a 71.9% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4192026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.38 | 26.22 | 3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 537 | 690 | 28.4% |
| Net Income Margin (%) | 3.6% | 6.2% | 71.9% |
| P/E Multiple | 25.7 | 12.0 | -53.3% |
| Shares Outstanding (Mil) | 19 | 19 | 0.1% |
| Cumulative Contribution | 3.3% |
Market Drivers
3/31/2025 to 4/19/2026| Return | Correlation | |
|---|---|---|
| IIIN | 3.3% | |
| Market (SPY) | 16.3% | 39.6% |
| Sector (XLI) | 33.8% | 41.8% |
Fundamental Drivers
The 9.3% change in IIIN stock from 3/31/2023 to 4/19/2026 was primarily driven by a 189.9% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4192026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.99 | 26.22 | 9.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 815 | 690 | -15.4% |
| Net Income Margin (%) | 13.9% | 6.2% | -55.5% |
| P/E Multiple | 4.1 | 12.0 | 189.9% |
| Shares Outstanding (Mil) | 20 | 19 | 0.2% |
| Cumulative Contribution | 9.3% |
Market Drivers
3/31/2023 to 4/19/2026| Return | Correlation | |
|---|---|---|
| IIIN | 9.3% | |
| Market (SPY) | 63.3% | 40.2% |
| Sector (XLI) | 78.8% | 49.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IIIN Return | 88% | -26% | 50% | -27% | 22% | -10% | 68% |
| Peers Return | 55% | -11% | 62% | 9% | 11% | 9% | 191% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 87% |
Monthly Win Rates [3] | |||||||
| IIIN Win Rate | 58% | 25% | 58% | 50% | 58% | 50% | |
| Peers Win Rate | 63% | 43% | 63% | 55% | 53% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| IIIN Max Drawdown | 0% | -37% | -4% | -30% | -12% | -10% | |
| Peers Max Drawdown | -3% | -37% | -8% | -12% | -14% | -5% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WMS, WTS, UFPI, GFF, TT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/17/2026 (YTD)
How Low Can It Go
| Event | IIIN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.4% | -25.4% |
| % Gain to Breakeven | 90.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -58.1% | -33.9% |
| % Gain to Breakeven | 138.8% | 51.3% |
| Time to Breakeven | 308 days | 148 days |
| 2018 Correction | ||
| % Loss | -58.8% | -19.8% |
| % Gain to Breakeven | 142.9% | 24.7% |
| Time to Breakeven | 847 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -78.9% | -56.8% |
| % Gain to Breakeven | 374.2% | 131.3% |
| Time to Breakeven | 1,869 days | 1,480 days |
Compare to WMS, WTS, UFPI, GFF, TT
In The Past
Insteel Industries's stock fell -47.4% during the 2022 Inflation Shock from a high on 5/4/2022. A -47.4% loss requires a 90.2% gain to breakeven.
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About Insteel Industries (IIIN)
Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. The company sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors primarily in the United States, Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.
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Here are 1-3 brief analogies for Insteel Industries:
- Insteel is like a specialized Nucor, but instead of making raw steel, they fabricate critical steel wire and mesh specifically for reinforcing concrete structures.
- Insteel is like the Owens Corning for concrete, providing the crucial steel reinforcement that makes bridges, buildings, and pipes strong, rather than insulation or roofing.
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- Prestressed Concrete Strand (PC strand): A seven-wire strand used to impart compression forces into precast concrete elements and structures for reinforcement in various construction projects.
- Engineered Structural Mesh: An engineered, made-to-order welded wire mesh product used as primary reinforcement for concrete elements or structures, serving as an alternative to hot-rolled rebar.
- Concrete Pipe Reinforcement: An engineered, made-to-order welded wire product used as primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems.
- Standard Welded Wire Reinforcement: A secondary reinforcing product primarily used for crack control applications in residential and light nonresidential construction, including driveways and sidewalks.
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The major customers of Insteel Industries (IIIN) are other companies. Based on the provided description, Insteel sells its products to the following categories of customers:- Manufacturers of concrete products
- Rebar fabricators
- Distributors
- Contractors
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H. O. Woltz III, Chairman, President and Chief Executive Officer
H. O. Woltz III has served as Insteel's Chairman, President, and Chief Executive Officer for many years, having been with the company and its subsidiaries since 1978. He was elected Chief Executive Officer in 1991, President in 1989, and Chairman of the Board in 2009. Prior to these roles, he served as President of Rappahannock Wire Company, a former subsidiary, from 1981 to 1989, and as President of Florida Wire and Cable, Inc. until its merger into Insteel Wire Products Company in 2002. He led the family-owned company through the process of becoming a publicly traded entity and has been instrumental in its growth and acquisitions, transforming it from a regional company to one with a national scope.
Scot R. Jafroodi, Vice President, Chief Financial Officer and Treasurer
Scot R. Jafroodi currently serves as Insteel's Vice President, Chief Financial Officer and Treasurer, a position he assumed on January 2, 2023. He has held various capacities with the company since 2005, including Vice President, Corporate Controller, and Chief Accounting Officer from October 2020 to 2023. Before joining Insteel, Mr. Jafroodi was a Senior Manager at BDO Seidman, LLP from 2003 to 2005 and spent 10 years at Deloitte & Touche USA, LLP, most recently as a Senior Manager.
Richard T. Wagner, Senior Vice President, Chief Operating Officer
Richard T. Wagner is Insteel's Senior Vice President, Chief Operating Officer, a role he has held since 2020. He has been with Insteel and its subsidiaries since 1992, having previously served as Vice President and General Manager of the Concrete Reinforcing Products Business Unit of Insteel Wire Products Company from 1998 to 2020. Prior to his tenure at Insteel, Mr. Wagner held various positions with Florida Wire and Cable, Inc. from 1977.
James R. York, Senior Vice President, Sourcing and Logistics
James R. York serves as Insteel's Senior Vice President, Sourcing and Logistics. He has been with Insteel Industries, Inc. in various capacities.
Elizabeth C. Southern, Vice President, Administration, Secretary and Chief Legal Officer
Elizabeth C. Southern joined Insteel in 2023 and is currently the Vice President, Administration, Secretary, and Chief Legal Officer. Before joining Insteel, Ms. Southern held various senior management roles with Hanesbrands Inc. from 2011 to 2023, including Deputy General Counsel and Assistant Secretary, and Vice President, Human Resources. Earlier in her career, she worked as an associate attorney at Womble Bond Dickinson (US) LLP.
AI Analysis | Feedback
Insteel Industries (IIIN) faces several key risks inherent to its business, primarily stemming from the cyclical nature of its end markets, fluctuations in raw material costs, and competitive pressures. The most significant risk to Insteel Industries is the **cyclicality of the construction market and broader economic conditions**. The company's demand for prestressed concrete strand and welded wire reinforcement products is closely tied to non-residential, infrastructure, and, to a lesser extent, residential construction activity. This makes Insteel highly sensitive to economic downturns, changes in interest rates, and government spending on infrastructure projects, all of which can lead to volatility in demand and financial performance. Another critical risk is the **volatility in raw material costs, particularly due to tariffs on imported steel**. Insteel's profitability is significantly influenced by the cost of wire rod, its primary raw material. U.S. tariff policies on imported steel have directly led to increased raw material costs for Insteel, impacting its cost of goods sold. Additionally, these tariffs can also affect the competitive landscape for finished products. Finally, Insteel operates within an **intensely competitive market**. The company faces competition from both domestic manufacturers of steel wire reinforcing products and, to a lesser extent, imported finished products. This competitive environment can put pressure on pricing and market share.AI Analysis | Feedback
The increasing adoption and technological advancements of fiber-reinforced polymer (FRP) composites as an alternative to steel reinforcement in concrete construction. FRP offers advantages such as corrosion resistance, lighter weight, and improved durability, making it an attractive substitute for steel wire reinforcing products in various applications, particularly those exposed to harsh environments or requiring specific non-magnetic properties. This trend could erode demand for Insteel's traditional steel-based products over time.
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Insteel Industries (symbol: IIIN) operates in addressable markets related to prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).
Prestressed Concrete (PC) Strand Market
- The global prestressed concrete wire and strand market was valued at approximately $6.55 billion in 2025 and is projected to reach $10.88 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.21% from 2026 to 2035. Other estimates place the global market at $5.2 billion in 2022, with a projection to reach $9.1 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.
- In North America, the PC wire and strand market is a significant segment, with the U.S. market specifically valued at $1.33 billion in 2025. It is expected to grow to $1.99 billion by 2035, at a CAGR of 4.13% over the forecast period of 2026–2035. The U.S. market for PC wire and strand was also valued at $1.2 billion in 2022 and is anticipated to grow at a CAGR of 3.5% from 2023 to 2030. In 2025, North America accounted for an estimated 29% share of the Prestressed Concrete Wire and Strand Market.
Welded Wire Reinforcement (WWR) Market
- The global welded wire reinforcement market is estimated to be valued between $15.5 billion and $25.5 billion in 2025. This market is projected to experience a steady compound annual growth rate ranging from 1.8% to 3.8% through 2030.
- North America represents a mature and significant regional market for welded wire reinforcement, with growth rates estimated at 1.5% to 2.8% annually. North America's estimated share of the global welded wire fabric market is 18%.
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Insteel Industries (IIIN) is anticipated to drive future revenue growth over the next two to three years through several key factors:
- Sustained Demand in Non-Residential Construction: The company expects continued strength in non-residential construction, particularly from infrastructure spending and the robust activity in data center development. This segment has been identified as a key demand driver.
- Benefits from Recent Acquisitions: Insteel completed two acquisitions shortly after the close of fiscal 2024, which are projected to enhance its competitive position in the Midwestern and Texas markets and contribute to incremental shipment volumes and solid returns.
- Effective Pricing Actions and Favorable Spreads: The company has demonstrated the ability to implement pricing adjustments to offset rising raw material and operating costs. Maintaining wider spreads between selling prices and raw material costs has positively impacted net sales and gross margins, and is expected to continue supporting revenue growth.
- Anticipated Recovery in Residential Construction: While residential markets have experienced softness, Insteel's management observes early signs of stabilization and a cautiously optimistic long-term outlook for demand. A downward trajectory of interest rates could further support a recovery in this sector.
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Share Repurchases
- From September 28, 2025, to December 27, 2025, Insteel Industries repurchased US$0.74 million worth of shares.
- Repurchases of common stock for the first quarter of fiscal 2026 amounted to $0.745 million.
- Cumulative repurchases under a buyback program initiated in 2008 total US$8.39 million for 280,509 shares.
Capital Expenditures
- Capital outlays for fiscal 2026 are expected to reach up to approximately $20.0 million, primarily focused on cost and productivity improvement initiatives as well as recurring maintenance requirements.
- Capital expenditures for fiscal 2025 decreased to $8.2 million.
- For fiscal 2024, capital expenditures were $19.1 million, with a focus on cost and productivity.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 124.56 |
| Mkt Cap | 7.7 |
| Rev LTM | 2,763 |
| Op Inc LTM | 464 |
| FCF LTM | 317 |
| FCF 3Y Avg | 412 |
| CFO LTM | 474 |
| CFO 3Y Avg | 553 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.5% |
| Rev Chg 3Y Avg | -1.4% |
| Rev Chg Q | 4.1% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Inc Chg LTM | 9.7% |
| Op Inc Chg 3Y Avg | 10.2% |
| Op Mgn LTM | 18.3% |
| Op Mgn 3Y Avg | 16.4% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 13.8% |
| CFO/Rev 3Y Avg | 15.0% |
| FCF/Rev LTM | 12.1% |
| FCF/Rev 3Y Avg | 12.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.7 |
| P/S | 2.8 |
| P/Op Inc | 16.0 |
| P/EBIT | 17.5 |
| P/E | 27.5 |
| P/CFO | 19.9 |
| Total Yield | 4.2% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 5.1% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.2% |
| 3M Rtn | -0.9% |
| 6M Rtn | 9.6% |
| 12M Rtn | 37.2% |
| 3Y Rtn | 87.9% |
| 1M Excs Rtn | 1.6% |
| 3M Excs Rtn | -3.4% |
| 6M Excs Rtn | 2.3% |
| 12M Excs Rtn | 1.2% |
| 3Y Excs Rtn | 18.7% |
Price Behavior
Price Behavior
| Market Price | $26.22 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -31.6% | |
| 50 Days | 200 Days | |
| DMA Price | $34.69 | $34.21 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | -24.4% | -23.3% |
| 3M | 1YR | |
| Volatility | 57.9% | 42.4% |
| Downside Capture | 0.99 | 0.75 |
| Upside Capture | 108.36 | 96.47 |
| Correlation (SPY) | 21.6% | 31.0% |
IIIN Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.49 | 1.29 | 1.04 | 1.01 | 0.81 | 0.95 |
| Up Beta | 3.29 | 1.03 | 1.19 | 0.24 | 0.78 | 0.93 |
| Down Beta | 1.06 | 1.28 | 1.66 | 1.47 | 0.63 | 0.68 |
| Up Capture | 138% | 187% | 96% | 90% | 112% | 117% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 7 | 21 | 32 | 67 | 128 | 381 |
| Down Capture | 154% | 95% | 53% | 107% | 96% | 104% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 15 | 21 | 31 | 59 | 124 | 368 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IIIN | |
|---|---|---|---|---|
| IIIN | 1.2% | 44.4% | 0.17 | - |
| Sector ETF (XLI) | 39.0% | 15.4% | 1.93 | 38.6% |
| Equity (SPY) | 21.1% | 12.9% | 1.32 | 36.1% |
| Gold (GLD) | 50.9% | 27.5% | 1.49 | -2.8% |
| Commodities (DBC) | 25.2% | 16.2% | 1.40 | -1.6% |
| Real Estate (VNQ) | 17.5% | 13.7% | 0.93 | 25.4% |
| Bitcoin (BTCUSD) | -7.8% | 42.6% | -0.08 | 15.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IIIN | |
|---|---|---|---|---|
| IIIN | 1.5% | 39.7% | 0.15 | - |
| Sector ETF (XLI) | 13.1% | 17.3% | 0.60 | 52.5% |
| Equity (SPY) | 10.8% | 17.1% | 0.49 | 44.9% |
| Gold (GLD) | 22.6% | 17.8% | 1.04 | 1.8% |
| Commodities (DBC) | 11.6% | 18.8% | 0.51 | 15.2% |
| Real Estate (VNQ) | 4.4% | 18.8% | 0.14 | 39.4% |
| Bitcoin (BTCUSD) | 5.2% | 56.5% | 0.31 | 17.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IIIN | |
|---|---|---|---|---|
| IIIN | 3.2% | 43.9% | 0.23 | - |
| Sector ETF (XLI) | 14.2% | 19.9% | 0.63 | 52.7% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 47.1% |
| Gold (GLD) | 14.3% | 15.9% | 0.75 | 2.1% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 20.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 41.2% |
| Bitcoin (BTCUSD) | 68.4% | 66.9% | 1.07 | 13.6% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/16/2026 | -22.1% | ||
| 1/15/2026 | -4.5% | 1.1% | 11.5% |
| 10/16/2025 | -19.2% | -17.1% | -14.0% |
| 7/17/2025 | -6.3% | -2.5% | -3.3% |
| 4/17/2025 | 13.8% | 24.1% | 39.7% |
| 1/16/2025 | 3.7% | 16.7% | 25.6% |
| 10/17/2024 | -4.9% | -3.6% | 2.3% |
| 7/18/2024 | 2.9% | -0.2% | 0.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 15 |
| # Negative | 15 | 13 | 9 |
| Median Positive | 3.6% | 5.1% | 11.5% |
| Median Negative | -4.9% | -3.5% | -4.9% |
| Max Positive | 15.0% | 24.1% | 39.7% |
| Max Negative | -22.1% | -23.0% | -20.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 01/15/2026 | 10-Q |
| 09/30/2025 | 10/23/2025 | 10-K |
| 06/30/2025 | 07/17/2025 | 10-Q |
| 03/31/2025 | 04/17/2025 | 10-Q |
| 12/31/2024 | 01/16/2025 | 10-Q |
| 09/30/2024 | 10/24/2024 | 10-K |
| 06/30/2024 | 07/18/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 01/18/2024 | 10-Q |
| 09/30/2023 | 10/26/2023 | 10-K |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/20/2023 | 10-Q |
| 12/31/2022 | 01/19/2023 | 10-Q |
| 09/30/2022 | 10/27/2022 | 10-K |
| 06/30/2022 | 07/21/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q2 2026 Earnings Reported 4/16/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | 20.00 Mil | 0 | Affirmed | Guidance: 20.00 Mil for 2026 | |||
Prior: Q1 2026 Earnings Reported 1/15/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | 20.00 Mil | 0 | Affirmed | Guidance: 20.00 Mil for 2026 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | York, James R | Senior Vice President | Direct | Sell | 9052025 | 38.50 | 600 | 23,100 | 340,456 | Form |
| 2 | York, James R | Senior Vice President | Direct | Sell | 8282025 | 38.50 | 3,000 | 115,500 | 363,556 | Form |
| 3 | Wagner, Richard | Senior Vice President and COO | Direct | Sell | 8262025 | 38.42 | 4,366 | 167,742 | 1,562,157 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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