Aehr Test Systems vs inTEST
inTEST reported revenue of $114 million in fiscal 2025, 2.3 times Aehr Test Systems' $50 million in fiscal 2026. Aehr Test Systems' revenue fell 15.2% in its latest year, and inTEST's fell 12.9%. Aehr Test Systems had an operating margin of -28.3%, against -3.3% at inTEST. Free cash flow was −$5 million at Aehr Test Systems and $6 million at inTEST. Their fiscal years end in different months (May 29 and December 31), so the periods don't line up exactly.
Side by side
| Aehr Test Systems | inTEST | |
|---|---|---|
| Latest fiscal year | FY2026, May 29, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $50M | $114M |
| Revenue growth | −15.2% | −12.9% |
| Revenue growth a year, last 5 years | 24.7% | 16.2% |
| Gross margin | 35.3% | 43.0% |
| Operating margin | −28.3% | −3.3% |
| Net margin | −14.2% | −2.2% |
| Free cash flow | −$5M | $6M |
| Free cash flow margin | −10.8% | 5.0% |
| Return on capital | −11.1% | −3.2% |
| Net debt to EBITDA | — | −2.2x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 3.7% | −0.3% |
| Last close | $53.57 | $13.37 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $60.4 million | — |
| Piotroski F-score | 2 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Aehr Test SystemsinTEST
Operating margin
Percent of revenue
Aehr Test SystemsinTEST
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Aehr Test SystemsinTEST
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Aehr Test Systems and inTEST pages.