Insteel Historical Income Statement
| IIIN Stock | USD 30.47 0.36 1.20% |
Historical analysis of Insteel Industries income statement accounts such as Total Revenue of 359.4 M or Gross Profit of 46.6 M can show how well Insteel Industries performed in making a profits. Evaluating Insteel Industries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Insteel Industries's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Insteel Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Insteel Industries is a good buy for the upcoming year.
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About Insteel Income Statement Analysis
Insteel Industries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Insteel Industries shareholders. The income statement also shows Insteel investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Insteel Industries Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Insteel Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Insteel Industries minus its cost of goods sold. It is profit before Insteel Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Insteel Industries. It is also known as Insteel Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Insteel Industries operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Insteel Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Insteel Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Insteel Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.At this time, Insteel Industries' Operating Income is very stable compared to the past year. As of the 24th of November 2024, EBIT is likely to grow to about 28.1 M, while Depreciation And Amortization is likely to drop about 7.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 197.3M | 65.4M | 49.6M | 46.6M | Total Revenue | 826.8M | 649.2M | 529.2M | 359.4M |
Insteel Industries income statement Correlations
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Insteel Industries Account Relationship Matchups
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Insteel Industries income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 14.3M | 14.5M | 14.5M | 13.3M | 15.4M | 7.9M | |
| Interest Expense | 106K | 96K | 91K | 87K | 89K | 84.6K | |
| Total Revenue | 472.6M | 590.6M | 826.8M | 649.2M | 529.2M | 359.4M | |
| Gross Profit | 55.8M | 121.5M | 197.3M | 65.4M | 49.6M | 46.6M | |
| Other Operating Expenses | 448.2M | 501.4M | 665.6M | 614.5M | 509.2M | 333.8M | |
| Operating Income | 26.2M | 89.1M | 161.5M | 34.7M | 20.0M | 24.2M | |
| Ebit | 26.2M | 86.2M | 161.8M | 41.8M | 25.4M | 28.1M | |
| Ebitda | 40.4M | 100.7M | 176.3M | 55.1M | 40.8M | 36.0M | |
| Cost Of Revenue | 416.8M | 469.1M | 629.5M | 583.8M | 479.6M | 312.8M | |
| Total Operating Expenses | 31.3M | 32.4M | 36.0M | 30.7M | 29.6M | 21.0M | |
| Income Before Tax | 24.2M | 86.1M | 161.7M | 41.8M | 25.3M | 21.3M | |
| Total Other Income Expense Net | (2.0M) | (3.1M) | 465K | 7.0M | 5.2M | 5.5M | |
| Net Income | 19.0M | 66.6M | 125.0M | 32.4M | 19.3M | 15.2M | |
| Income Tax Expense | 5.2M | 19.5M | 36.7M | 9.3M | 6.0M | 5.6M | |
| Selling General Administrative | 31.3M | 32.4M | 36.0M | 30.7M | 29.6M | 22.7M | |
| Net Income Applicable To Common Shares | 19.0M | 66.6M | 125.0M | 32.4M | 37.3M | 29.5M | |
| Net Income From Continuing Ops | 19.0M | 66.6M | 125.0M | 32.4M | 19.3M | 32.7M | |
| Tax Provision | 5.2M | 19.5M | 36.7M | 9.3M | 6.0M | 5.7M | |
| Interest Income | 473K | 21K | 326K | 3.7M | 5.4M | 5.7M | |
| Net Interest Income | 367K | (75K) | 235K | 3.6M | 5.3M | 5.6M | |
| Reconciled Depreciation | 14.3M | 14.5M | 14.5M | 13.3M | 15.4M | 15.1M |
Pair Trading with Insteel Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Insteel Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Insteel Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Insteel Stock
| 0.78 | CMPOW | CompoSecure Trending | PairCorr |
| 0.75 | TG | Tredegar | PairCorr |
| 0.49 | ESAB | ESAB Corp | PairCorr |
| 0.49 | HIHO | Highway Holdings | PairCorr |
| 0.46 | MTEN | Mingteng International | PairCorr |
The ability to find closely correlated positions to Insteel Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Insteel Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Insteel Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Insteel Industries to buy it.
The correlation of Insteel Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Insteel Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Insteel Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Insteel Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Insteel Industries. If investors know Insteel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Insteel Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Dividend Share 0.12 | Earnings Share 0.99 | Revenue Per Share 27.136 | Quarterly Revenue Growth (0.15) |
The market value of Insteel Industries is measured differently than its book value, which is the value of Insteel that is recorded on the company's balance sheet. Investors also form their own opinion of Insteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Insteel Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Insteel Industries' market value can be influenced by many factors that don't directly affect Insteel Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Insteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Insteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Insteel Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.