ValueScreener

ValueScreener company report

inTEST Corporation (INTT)

AMEX / Technology / Semiconductors

Share price

13.12 USD Market dataClose of Oct 14, 2026

Market capitalisation

168.3M USD Market dataClose of Oct 14, 2026
Market data
Oct 14, 2026
Filed accounts
FY2025, filed Mar 12, 2026
Ratios computed
Oct 14, 2026
Filed years
15, FY2011 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

-2.8% Computed

From the FY2025 filing

Read quality

Valuation

Price to book

1.55x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

3.5% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 40.2M USDFY2016 Net income: 2.7M USDFY2017 Revenue: 66.8M USDFY2017 Net income: 975.0K USDFY2018 Revenue: 78.6M USDFY2018 Net income: 3.0M USDFY2019 Revenue: 60.7M USDFY2019 Net income: 2.3M USDFY2020 Revenue: 53.8M USDFY2020 Net income: -895.0K USDFY2021 Revenue: 84.9M USDFY2021 Net income: 7.3M USDFY2022 Revenue: 116.8M USDFY2022 Net income: 8.5M USDFY2023 Revenue: 123.3M USDFY2023 Net income: 9.3M USDFY2024 Revenue: 130.7M USDFY2024 Net income: 2.9M USDFY2025 Revenue: 113.8M USDFY2025 Net income: -2.5M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it good

Return on invested capital was -2.8% in FY2025, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Semiconductors industry (34 companies), -2.8% sits at the 21st percentile; the middle half of that group runs from 0.6% to 16.1%.

Is it safe

Net debt to EBITDA was 0.90x in FY2025, in the band labelled "Low leverage" (below 1.00x), on lines set by credit-analyst convention, suggesting debt that a year or so of operating earnings would repay.

No peer distribution is published for net debt to EBITDA today; the year-by-year comparison uses the filed annual figures.

Year by year against peers
Whether inTEST Corporation's return on invested capital stayed above the median of the Semiconductors industry, year by year. (FY2021 to FY2025, 5 fiscal years of inTEST Corporation with a comparable figure)
The direction
Which way inTEST Corporation's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of inTEST Corporation)
What could explain it
What in inTEST Corporation's filed statements could explain the movements. (3 readings drawn from the statement lines inTEST Corporation filed)
What to check next
What to check next on inTEST Corporation, and where in its filings. (3 questions for inTEST Corporation)
In one paragraph
One paragraph on inTEST Corporation's returns, cash, balance sheet and price. (11 of sixteen figures read for inTEST Corporation)

These are INTT’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research INTTPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Mar 12, 2026, accession 0001036262-26-000012.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

inTEST Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax-2.8% ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Return on equity-2.4% ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Return on capital employed, pre-tax-3.2% ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Return on assets-1.7% ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Gross margin43.0% ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Operating margin-3.3% ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Net margin-2.2% ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
INTT -2.2%
XPER -12.6%ASYS -38.2%QUIK -107.6%NA 501.6%VLN -44.7%
-107.6%501.6%
Net margin: INTT against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

inTEST Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.16 ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Current ratio2.20 ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Quick ratio1.32 ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Interest coverage
Why n/m

Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).

n/m ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Altman Z-score3.42 ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Net debt2.8M ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Total assets 151.3MTotal liabilities 47.7MShareholders' equity 103.6MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What inTEST Corporation owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Mar 12, 2026, 0001036262-26-000012).

inTEST Corporation: balance sheet position
Total assets151.3M FiledFY2025 10-K, filed Mar 12, 2026
Total liabilities47.7M FiledFY2025 10-K, filed Mar 12, 2026
Shareholders' equity103.6M FiledFY2025 10-K, filed Mar 12, 2026
Cash14.2M FiledFY2025 10-K, filed Mar 12, 2026
Total debt17.0M FiledFY2025 10-K, filed Mar 12, 2026
Net debt2.8M
Current ratio2.20
Debt to equity0.16
  • Interest cover: FY2025: Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

inTEST Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
P/E on trailing twelve months328.00x ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.55x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Price to sales1.41x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Enterprise value to EBITDA53.04x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Price to earnings over growth
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Diluted earnings per share-0.21 USD FiledFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Graham number
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012

We publish no fair value or price target of our own. Value INTT on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for inTEST Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

inTEST Corporation: valuation
Share price13.12 USD
Market capitalisation168.3M USD
Enterprise value to EBITDA53.04x
Graham numbern/m
Diluted earnings per share, FY2025-0.21 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Aug 13, 2021: low 9.94x, median 19.77x, high 472.50x, latest 328.00x. 1,046 trading days with a meaningful ratio, 252 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like inTEST Corporation

  1. Xperi Inc. (XPER)Market cap 243.3M USD
  2. Amtech Systems, Inc. (ASYS)Market cap 244.8M USD
  3. QuickLogic Corporation (QUIK)Market cap 168.0M USD
  4. Nano Labs Ltd (NA)Market cap 116.5M USD
  5. Valens Semiconductor Ltd. (VLN)Market cap 174.3M USD

Same industry (Semiconductors) and size band (Micro, 50M to 300M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

inTEST Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield3.5% ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Free cash flow5.7M USD ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Free cash flow margin5.0% ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
FY2016 Free cash flow: 3.9M USDFY2016 Net income: 2.7M USDFY2017 Free cash flow: 6.5M USDFY2017 Net income: 975.0K USDFY2018 Free cash flow: 8.7M USDFY2018 Net income: 3.0M USDFY2019 Free cash flow: -9.0M USDFY2019 Net income: 2.3M USDFY2020 Free cash flow: 2.6M USDFY2020 Net income: -895.0K USDFY2021 Free cash flow: 9.8M USDFY2021 Net income: 7.3M USDFY2022 Free cash flow: -2.8M USDFY2022 Net income: 8.5M USDFY2023 Free cash flow: 14.9M USDFY2023 Net income: 9.3M USDFY2024 Free cash flow: 2.5M USDFY2024 Net income: 2.9M USDFY2025 Free cash flow: 5.7M USDFY2025 Net income: -2.5M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

inTEST Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/mFY2025Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
1.55xFY2025Oct 14, 2026
n/aFY2025Oct 14, 2026
n/a Operating profit is zero or negative, so there is no profit for a buyer's price to be a multiple of.
3.5%FY2025Oct 14, 2026
-2.8%FY2025Mar 12, 2026
n/aFY2025Oct 14, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
0.16FY2025Mar 12, 2026
2.20FY2025Mar 12, 2026
1.41xFY2025Oct 14, 2026
n/mFY2025Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
3.42FY2025Oct 14, 2026
-2.76FY2025Mar 12, 2026
5/9FY2025Mar 12, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 15 filed fiscal years on record, FY2011 to FY2025, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports inTEST Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

inTEST Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2025113.8M-3.7M-2.5M-0.215.7M-3.3%-2.4%10-K, Mar 12, 20260001036262-26-000012
FY2024130.7M3.4M2.9M0.242.5M2.6%2.9%10-K, Mar 13, 20250001437749-25-007520
FY2023123.3M10.4M9.3M0.7914.9M8.5%9.7%10-K, Mar 27, 20240001437749-24-009626
FY2022116.8M10.7M8.5M0.78-2.8M9.2%13.0%10-K, Mar 22, 20230001437749-23-007539
FY202184.9M8.5M7.3M0.689.8M10.0%13.3%10-K, Mar 23, 20220001437749-22-006956
FY202053.8M-1.2M-895.0K-0.092.6M-2.3%-2.0%10-K, Mar 23, 20210001437749-21-006901
FY201960.7M2.5M2.3M0.22-9.0M4.2%5.2%10-K, Mar 23, 20200001437749-20-005921
FY201878.6M5.2M3.0M0.298.7M6.6%7.1%10-K, Mar 26, 20190001437749-19-005715
FY201766.8M3.6M975.0K0.096.5M5.4%2.5%10-K, Mar 28, 20180001437749-18-005659
FY201640.2M4.1M2.7M0.263.9M10.3%7.0%10-K, Mar 27, 20170001036262-17-000016
  • Revenue, compound annual growth FY2016 to FY2025: 12.3%
  • Earnings: Earnings was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow, compound annual growth FY2016 to FY2025: 4.1%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

inTEST Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.76 ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Piotroski F-score5/9 ComputedFY2025 10-K, filed Mar 12, 2026, 0001036262-26-000012
Named tests met0 of 30 Computed
Beta1.13 ComputedClose of Oct 14, 2026

The named tests

Of 30 tests value investors published: 0 met, 24 not met, 6 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
Not measured
Low PEG, low debt (Peter Lynch); Z-score and coverage (Edward Altman); P/E times P/B (Benjamin Graham); Cash-covered dividend; Cheapest quarter on P/E (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(10)
  • P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 10 figures could not be read on this company, among them P/E Ratio, EV/EBIT, PEG Ratio. Each blank in the table above names the rest, with its reason. 6 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

Monitor my portfolioHow this is computed

No card. 30 free days, and nothing is charged unless you choose a plan.

Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

Site map

Apps

  • Android app coming soon
  • iPhone app coming soon
ValueScreener

Discover companies, research each one to its filings, track what matters, and take your work into your own spreadsheet.

ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.

With your permission, Google Analytics, Microsoft Clarity and HubSpot set cookies to measure how this site and the product are used, including recordings of sessions. Nothing is set unless you allow it. Privacy policy