inTest Corporation (INTT) vs Veeco Instruments Inc. (VECO)

inTest Corporation and Veeco Instruments Inc. are both Semiconductor Equipment & Materials companies. Veeco Instruments Inc. is the larger, with a market value of $2.8B against $149.6M — 18.8× the size. inTest Corporation trades at the lower P/E: 96.4× against 131×. inTest Corporation grew revenue faster over the last twelve months: 5.44% against −2.52%. Veeco Instruments Inc. has the higher net margin (3.35% vs 1.22%) and the higher return on invested capital (1.64% vs 0.95%). Across the 21 metrics below, Veeco Instruments Inc. leads on 11 and inTest Corporation on 10.

Valuation

Metric INTT VECO Semiconductor Equipment & Materials median
P/E 96.42 130.85 54.39
P/S 1.11 4.44 6.08
P/B 1.32 3.36 4.89
Price to free cash flow 40.92 35.61 60.92
EV/EBITDA 12.61 74.76 39.95
EV/Sales 0.99 4.18 6.36
Earnings yield 1.04% 0.76% 1.14%
Free cash flow yield 2.44% 2.81% 1.28%

Profitability

Metric INTT VECO Semiconductor Equipment & Materials median
Gross margin 43.35% 37.92% 43.95%
Operating margin 1.09% 2.69% 10.32%
Net margin 1.22% 3.35% 7.45%
Free cash flow margin 2.71% 12.47% 6.77%
Return on equity 1.49% 2.60% 4.78%
Return on assets 1.05% 1.70% 3.62%
Return on invested capital 0.95% 1.64% 6.10%

Growth

Metric INTT VECO Semiconductor Equipment & Materials median
Revenue growth (TTM) 5.44% (2.52%) 14.60%
EPS growth (last fiscal year) (187.50%) (52.03%) —
Revenue growth, 5-year CAGR 16.16% 7.90% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INTT VECO Semiconductor Equipment & Materials median
Debt to equity 0.06 0.25 0.09
Current ratio 2.49 3.93 3.66
Net debt to EBITDA (2.26) (2.95) (0.49)

Dividend

Metric INTT VECO Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric INTT VECO Semiconductor Equipment & Materials median
Market cap 149.55m 2.81b 4.63b

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