AXT vs inTEST
inTEST reported revenue of $114 million in fiscal 2025, 1.3 times AXT's $88 million in fiscal 2025. AXT's revenue fell 11.1% in its latest year, and inTEST's fell 12.9%. AXT had an operating margin of -24.9%, against -3.3% at inTEST. Free cash flow was −$19 million at AXT and $6 million at inTEST.
Side by side
| AXT | inTEST | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $88M | $114M |
| Revenue growth | −11.1% | −12.9% |
| Revenue growth a year, last 5 years | −1.5% | 16.2% |
| Gross margin | 12.7% | 43.0% |
| Operating margin | −24.9% | −3.3% |
| Net margin | −24.1% | −2.2% |
| Free cash flow | −$19M | $6M |
| Free cash flow margin | −21.3% | 5.0% |
| Return on capital | — | −3.2% |
| Net debt to EBITDA | — | −2.2x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 1.8% | −0.3% |
| Last close | $38.88 | $13.37 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $76.3 million | — |
| Piotroski F-score | — | 5 of 9 |
Amounts in each company's own currency, US$ 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
AXTinTEST
Operating margin
Percent of revenue
AXTinTEST
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AXTinTEST