Intest Corp. (INTT) intrinsic value & 10-year financials

Intest Corp. (INTT) has a Graham intrinsic value of $6.83 per share. At $12.85 on Oct 17, 2026, the stock trades 88% above that value. Over the last 10 fiscal years revenue grew 12.2% a year to $113.8M, with an average return on invested capital of 6.4%.

Graham intrinsic value
$6.83
Share price (Oct 17, 2026)
$12.85
Price vs Graham value
88% above
Market cap
$156.8M
Revenue (FY2025)
$113.8M
Revenue growth (10-yr CAGR)
12.2%
ROIC (10-yr avg)
6.4%
Free cash flow (FY2025)
$5.7M

INTT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $113.8M -$2.5M -$0.21 $5.7M -3.3% -2.8%
FY2024 $130.7M $2.9M $0.24 $2.5M 2.6% 3.3%
FY2023 $123.3M $9.3M $0.79 $14.9M 8.5% 12.7%
FY2022 $116.8M $8.5M $0.78 -$2.8M 9.2% 13.6%
FY2021 $84.9M $7.3M $0.68 $9.8M 10.0% 14.7%
FY2020 $53.8M -$895.0K -$0.09 $2.6M -2.3% -2.2%
FY2019 $60.7M $2.3M $0.22 -$9.0M 4.2% 5.5%
FY2018 $78.6M $3.0M $0.29 $8.7M 6.6% 7.6%
FY2017 $66.8M $975.0K $0.09 $6.5M 5.4% 4.7%
FY2016 $40.2M $2.7M $0.26 $3.9M 10.3% 6.9%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

INTEST CORP is a consistent compounder, expanding top-line revenue at 12.3% annually over the past decade.

INTEST CORP has historically struggled to out-earn its cost of capital, averaging just 6.4% ROIC.

INTEST CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, INTEST CORP is modeled at 12.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.83 per share.

INTT stock: frequently asked questions

What is the intrinsic value of Intest Corp. (INTT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 12.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, INTT's intrinsic value is about $6.83 per share.

Is INTT stock undervalued?

At $12.85 (close on Oct 17, 2026), INTT trades 88% above its Graham value of $6.83. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Intest Corp. grown?

Revenue went from $40.2M in fiscal 2016 to $113.8M in fiscal 2025, a compound annual growth rate of 12.2%. Net income was -$2.5M in fiscal 2025.

Does Intest Corp. generate free cash flow?

Intest Corp. generated $5.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 8 of the last 10 reported years.

What is INTT's return on invested capital?

Average ROIC over the last 10 fiscal years was 6.4%, and average return on equity was 6.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this INTT data come from?

From Intest Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 10, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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