inTest Corporation Common Stock (INTT)

FairStock Score: 28/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I start with durable earning power and a margin of safety. inTest is a small, 385-employee supplier of test and process technology for semiconductors, autos/EVs, defense/aerospace, and other cyclical markets. The filed record is uneven: fiscal 2023 net income was $9.3M and diluted EPS $0.79; fiscal 2024 net income fell to $2.9M and EPS $0.24; fiscal 2025 became a net loss of $2.5M and EPS -$0.21. That is the Lynch turnaround pattern, a loss in the latest year after earlier profits. The recent quarters offer hope: in fiscal Q1 2026, revenue was $33.9M and net income $789,000, or EPS $0.06; the latest quarter shown, 2026-Q2, had revenue of $35.3M and net income of $474,000, a 1.34% net margin. Revenue improved from fiscal Q2 2025's $28.1M, but profits remain razor-thin. Financial health is better than the income statement: debt-to-equity is 0.14, Altman Z is 3.68, Piotroski is 6/9, and trailing free cash flow is $3.5M. Still, FCF yield is only 1.9% at the 2026-10-13 close. Valuation asks a lot. FairStock reports P/E 207.14, P/B 1.72, EV/EBITDA 20.69, and a Graham Number of $3.64 at that close, putting the $14.50 price far above conservative value with a -298.35% margin of safety. ROE is 0.92% and ROCE 0.73%, so the business is not yet earning attractive returns. I would want consistent profits, wider margins, and stronger cash generation before treating this as a classic value opportunity.

In plain English: inTest makes testing equipment for computer chip makers and other industries. It lost money in its latest full year, but it has made small profits in the last two quarters. At the recent price of $14.50, the stock looks expensive compared with those small profits and the company's basic financial value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer