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Side-by-side financial comparison of INTEST CORP (INTT) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.

INTEST CORP is the larger business by last-quarter revenue ($32.8M vs $17.3M, roughly 1.9× Valens Semiconductor Ltd.). INTEST CORP runs the higher net margin — 3.8% vs -42.2%, a 46.0% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -10.3%). INTEST CORP produced more free cash flow last quarter ($-1.6M vs $-4.9M).

INTTEST Corp designs, manufactures and distributes precision test and process control solutions for the global semiconductor manufacturing ecosystem. Its offerings include thermal management systems, test interface hardware, and wafer handling tools, serving semiconductor fabs, chip design firms, and automotive and industrial electronics end segments.

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...

INTT vs VLN — Head-to-Head

Bigger by revenue
INTT
INTT
1.9× larger
INTT
$32.8M
$17.3M
VLN
Growing faster (revenue YoY)
VLN
VLN
+18.4% gap
VLN
8.1%
-10.3%
INTT
Higher net margin
INTT
INTT
46.0% more per $
INTT
3.8%
-42.2%
VLN
More free cash flow
INTT
INTT
$3.4M more FCF
INTT
$-1.6M
$-4.9M
VLN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INTT
INTT
VLN
VLN
Revenue
$32.8M
$17.3M
Net Profit
$1.2M
$-7.3M
Gross Margin
45.4%
63.0%
Operating Margin
3.9%
-46.4%
Net Margin
3.8%
-42.2%
Revenue YoY
-10.3%
8.1%
Net Profit YoY
-17.4%
29.3%
EPS (diluted)
$0.10
$-0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INTT
INTT
VLN
VLN
Q4 25
$32.8M
Q3 25
$26.2M
$17.3M
Q2 25
$28.1M
$17.1M
Q1 25
$26.6M
$16.8M
Q4 24
$36.6M
Q3 24
$30.3M
$16.0M
Q2 24
$34.0M
$13.6M
Q1 24
$29.8M
Net Profit
INTT
INTT
VLN
VLN
Q4 25
$1.2M
Q3 25
$-938.0K
$-7.3M
Q2 25
$-503.0K
$-7.2M
Q1 25
$-2.3M
$-8.3M
Q4 24
$1.5M
Q3 24
$495.0K
$-10.4M
Q2 24
$230.0K
$-8.9M
Q1 24
$662.0K
Gross Margin
INTT
INTT
VLN
VLN
Q4 25
45.4%
Q3 25
41.9%
63.0%
Q2 25
42.6%
63.5%
Q1 25
41.5%
62.9%
Q4 24
39.7%
Q3 24
46.3%
56.4%
Q2 24
40.6%
61.4%
Q1 24
43.8%
Operating Margin
INTT
INTT
VLN
VLN
Q4 25
3.9%
Q3 25
-4.5%
-46.4%
Q2 25
-3.3%
-43.3%
Q1 25
-10.8%
-56.2%
Q4 24
5.7%
Q3 24
1.6%
-76.3%
Q2 24
1.0%
-69.2%
Q1 24
1.6%
Net Margin
INTT
INTT
VLN
VLN
Q4 25
3.8%
Q3 25
-3.6%
-42.2%
Q2 25
-1.8%
-42.1%
Q1 25
-8.7%
-49.4%
Q4 24
4.1%
Q3 24
1.6%
-64.6%
Q2 24
0.7%
-65.2%
Q1 24
2.2%
EPS (diluted)
INTT
INTT
VLN
VLN
Q4 25
$0.10
Q3 25
$-0.08
$-0.07
Q2 25
$-0.04
$-0.07
Q1 25
$-0.19
$-0.08
Q4 24
$0.13
Q3 24
$0.04
$-0.10
Q2 24
$0.02
$-0.08
Q1 24
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INTT
INTT
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$14.2M
$93.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$103.6M
$108.8M
Total Assets
$151.3M
$136.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INTT
INTT
VLN
VLN
Q4 25
$14.2M
Q3 25
$16.2M
$93.5M
Q2 25
$19.2M
$102.7M
Q1 25
$22.0M
$112.5M
Q4 24
$19.8M
Q3 24
$18.0M
$133.1M
Q2 24
$20.4M
$105.9M
Q1 24
$27.3M
Total Debt
INTT
INTT
VLN
VLN
Q4 25
Q3 25
$4.9M
Q2 25
$5.9M
Q1 25
$6.9M
Q4 24
$7.9M
Q3 24
$9.0M
Q2 24
$10.0M
Q1 24
$11.0M
Stockholders' Equity
INTT
INTT
VLN
VLN
Q4 25
$103.6M
Q3 25
$101.9M
$108.8M
Q2 25
$102.6M
$116.5M
Q1 25
$99.4M
$128.6M
Q4 24
$99.8M
Q3 24
$100.4M
$147.0M
Q2 24
$99.5M
$153.5M
Q1 24
$99.3M
Total Assets
INTT
INTT
VLN
VLN
Q4 25
$151.3M
Q3 25
$148.3M
$136.7M
Q2 25
$149.7M
$144.8M
Q1 25
$148.0M
$154.6M
Q4 24
$152.3M
Q3 24
$158.4M
$171.9M
Q2 24
$160.6M
$175.8M
Q1 24
$159.5M
Debt / Equity
INTT
INTT
VLN
VLN
Q4 25
Q3 25
0.05×
Q2 25
0.06×
Q1 25
0.07×
Q4 24
0.08×
Q3 24
0.09×
Q2 24
0.10×
Q1 24
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INTT
INTT
VLN
VLN
Operating Cash FlowLast quarter
$-1.0M
$-4.7M
Free Cash FlowOCF − Capex
$-1.6M
$-4.9M
FCF MarginFCF / Revenue
-4.7%
-28.5%
Capex IntensityCapex / Revenue
1.6%
1.6%
Cash ConversionOCF / Net Profit
-0.82×
TTM Free Cash FlowTrailing 4 quarters
$5.7M
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INTT
INTT
VLN
VLN
Q4 25
$-1.0M
Q3 25
$3.5M
$-4.7M
Q2 25
$-688.0K
$-211.0K
Q1 25
$5.5M
$-7.6M
Q4 24
$2.6M
Q3 24
$4.2M
$3.0M
Q2 24
$-5.1M
$-225.0K
Q1 24
$2.1M
Free Cash Flow
INTT
INTT
VLN
VLN
Q4 25
$-1.6M
Q3 25
$3.1M
$-4.9M
Q2 25
$-1.1M
$-330.0K
Q1 25
$5.3M
$-8.0M
Q4 24
$2.4M
Q3 24
$3.7M
$2.2M
Q2 24
$-5.4M
$-460.0K
Q1 24
$1.7M
FCF Margin
INTT
INTT
VLN
VLN
Q4 25
-4.7%
Q3 25
11.8%
-28.5%
Q2 25
-4.1%
-1.9%
Q1 25
19.9%
-47.3%
Q4 24
6.6%
Q3 24
12.4%
14.0%
Q2 24
-15.9%
-3.4%
Q1 24
5.8%
Capex Intensity
INTT
INTT
VLN
VLN
Q4 25
1.6%
Q3 25
1.6%
1.6%
Q2 25
1.6%
0.7%
Q1 25
0.9%
2.1%
Q4 24
0.4%
Q3 24
1.7%
4.5%
Q2 24
0.9%
1.7%
Q1 24
1.1%
Cash Conversion
INTT
INTT
VLN
VLN
Q4 25
-0.82×
Q3 25
Q2 25
Q1 25
Q4 24
1.72×
Q3 24
8.58×
Q2 24
-22.13×
Q1 24
3.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INTT
INTT

Environmental Technologies$8.3M25%
Semiconductor Market$6.9M21%
Thermal Testing Products$6.4M19%
Service And Other Products$4.8M15%
Oem Integrators And Distributor$3.5M11%
Semiconductor Production Test Products$3.0M9%

VLN
VLN

Segment breakdown not available.

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