inTest Corporation
INTT Technology Semiconductor Equipment & Materials
inTest Corporation’s revenue for fiscal 2025 (year ended December 2025) was $113.8 million, down 12.9% from fiscal 2024. In the quarter to June 2026, revenue grew 25.5%, EPS grew 200.0%, free cash flow grew 614.3% and total debt fell 38.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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inTest Corporation (INTT) Altman Z-score
inTest Corporation's Altman Z-score for fiscal 2025 is 2.55, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.55 | (0.36) |
| FY2024 | 2.91 | (1.67) |
| FY2023 | 4.58 | 0.96 |
| FY2022 | 3.62 | 0.27 |
| FY2021 | 3.35 | (0.50) |
| FY2020 | 3.85 | (0.55) |
| FY2019 | 4.40 | 0.83 |
| FY2018 | 3.57 | (0.59) |
| FY2017 | 4.16 | (4.03) |
| FY2016 | 8.19 | (0.76) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.28 | — | 0.34 | |
| Retained earnings / total assets | 0.28 | — | 0.39 | |
| EBIT / total assets | (0.02) | — | −0.08 | |
| Market value of equity / total liabilities | 1.91 | — | 1.15 | |
| Sales / total assets | 0.75 | — | 0.75 | |
| Altman Z-score | Grey zone | 2.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.89 | ||
Z and Z″ put inTest Corporation in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AEHR Aehr Test Systems compare | 63.2× |
| PLAB Photronics, Inc. compare | 6.1× |
| TRT Trio-Tech International compare | 5.7× |
| ICHR Ichor Holdings, Ltd. compare | 2.8× |
| INTT inTest Corporation | 2.6× |
| COHU Cohu, Inc. compare | 2.4× |
| UCTT Ultra Clean Holdings, Inc. compare | 2.3× |
| ASYS Amtech Systems, Inc. compare | 1.2× |
| ATOM Atomera Incorporated compare | −3.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets