{
 "company": "Insteel Industries, Inc.",
 "ticker": "IIIN",
 "sector": "Manufacturing - Metal Fabrication",
 "fiscalYearEnd": null,
 "revenueUsdM": 647.7,
 "normalizedSga": {
  "pctRevenue": 6.02,
  "peerCount": 16,
  "peerMedianPctRevenue": 9.9,
  "peerLeanQuartilePctRevenue": 7.2,
  "peers": [
   {
    "ticker": "CRS",
    "name": "Carpenter Technology Corporation",
    "normalizedSgaPctRevenue": 7.55
   },
   {
    "ticker": "ATI",
    "name": "ATI Inc.",
    "normalizedSgaPctRevenue": 7.49
   },
   {
    "ticker": "MLI",
    "name": "Mueller Industries, Inc.",
    "normalizedSgaPctRevenue": 5.95
   },
   {
    "ticker": "AZZ",
    "name": "AZZ Inc.",
    "normalizedSgaPctRevenue": 7.9
   },
   {
    "ticker": "MEC",
    "name": "Mayville Engineering Company, Inc.",
    "normalizedSgaPctRevenue": 7.19
   },
   {
    "ticker": "TG",
    "name": "Tredegar Corporation",
    "normalizedSgaPctRevenue": 9.87
   },
   {
    "ticker": "NWPX",
    "name": "NWPX Infrastructure, Inc.",
    "normalizedSgaPctRevenue": 39.76
   },
   {
    "ticker": "PSIX",
    "name": "Power Solutions International, Inc.",
    "normalizedSgaPctRevenue": 9.9
   },
   {
    "ticker": "LXFR",
    "name": "Luxfer Holdings PLC",
    "normalizedSgaPctRevenue": 12.77
   },
   {
    "ticker": "NPK",
    "name": "National Presto Industries, Inc.",
    "normalizedSgaPctRevenue": 7.11
   },
   {
    "ticker": "ULH",
    "name": "Universal Logistics Holdings, Inc.",
    "normalizedSgaPctRevenue": 3.48
   },
   {
    "ticker": "TWI",
    "name": "Titan International, Inc.",
    "normalizedSgaPctRevenue": 10.85
   },
   {
    "ticker": "NX",
    "name": "Quanex Building Products Corporation",
    "normalizedSgaPctRevenue": 15.09
   },
   {
    "ticker": "APOG",
    "name": "Apogee Enterprises, Inc.",
    "normalizedSgaPctRevenue": 15.93
   },
   {
    "ticker": "JBI",
    "name": "Janus International Group, Inc.",
    "normalizedSgaPctRevenue": 25.61
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.54,
   "companiesDisclosing": 13,
   "peersDisclosing": [
    {
     "ticker": "CRS",
     "pctRevenue": 0.79
    },
    {
     "ticker": "ATI",
     "pctRevenue": 0.63
    },
    {
     "ticker": "MLI",
     "pctRevenue": 0.64
    },
    {
     "ticker": "AZZ",
     "pctRevenue": 0.9
    },
    {
     "ticker": "MEC",
     "pctRevenue": 0.6
    },
    {
     "ticker": "NWPX",
     "pctRevenue": 4.22
    },
    {
     "ticker": "LXFR",
     "pctRevenue": 0.94
    },
    {
     "ticker": "ULH",
     "pctRevenue": 0.03
    },
    {
     "ticker": "TWI",
     "pctRevenue": 0.18
    },
    {
     "ticker": "NX",
     "pctRevenue": 0.2
    },
    {
     "ticker": "APOG",
     "pctRevenue": 0.58
    },
    {
     "ticker": "JBI",
     "pctRevenue": 1.83
    }
   ],
   "note": "Right at the peer median. Not distorting the overhead picture."
  }
 ],
 "gapToPeers": null,
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 28,
   "peerTsrPct": 31,
   "driverPp": {
    "Revenue growth": 11.7,
    "Gross margin": 76.1,
    "SG&A": -23.6,
    "Multiple": -57.8,
    "Other": -8.6
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 75,
   "peerTsrPct": 132,
   "driverPp": {
    "Revenue growth": -45.5,
    "Gross margin": -80.3,
    "SG&A": 10.6,
    "Multiple": 31.6,
    "Other": 26.6
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": 179,
   "peerTsrPct": 214,
   "driverPp": {
    "Revenue growth": -21.9,
    "Gross margin": -32.8,
    "SG&A": -87.5,
    "Multiple": 45.1,
    "Other": 61.9
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": 57,
   "peerTsrPct": 193,
   "driverPp": {
    "Revenue growth": -1.9,
    "Gross margin": -77.2,
    "SG&A": -32.6,
    "Multiple": -34.5,
    "Other": 10.3
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/IIIN",
  "json": "https://sgabenchmarking.com/r/IIIN.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}