Trio-Tech International (TRT) 10-Year Financial Performance & Capital Metrics

TRT • • Industrial / General

TechnologySemiconductorsSemiconductor Manufacturing EquipmentAssembly & Test Equipment

AboutTrio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services. This segment also provides qualification testing services that test small samples of output from manufacturers for qualification of their processes and devices. Its Manufacturing segment manufactures front-end semiconductor test equipment, such as artic temperature-controlled wafer chucks used for test, characterization, and failure analysis of semiconductor wafers and other components; and wet process stations for cleaning, rinsing, and drying semiconductor wafers, flat panel display magnetic disks, and other microelectronic substrates. This segment also manufactures back-end products comprising autoclaves and highly accelerated stress test equipment; burn-in equipment and boards; and component centrifuges and leak detection equipment. The company's Distribution segment distributes complementary products, including environmental chambers, handlers, interface systems, vibration systems, shaker systems, solderability testers, and other semiconductor equipment, as well as components, such as connectors, sockets, LCD display panels, and touch-screen panels. Its Real Estate segment invests in and rents real estate properties. The company primarily serves semiconductor chip manufacturers or testing facilities that purchase testing equipment. The company operates in the United States, Singapore, Malaysia, Thailand, and China. Trio-Tech International was incorporated in 1958 and is headquartered in Van Nuys, California.Show more

Revenue $36M -13.8%
EBITDA $3M -43.8%
Net Income -$41K -103.9%
EPS (Diluted) -0.01 -104.0%
Gross Margin 25.07% -1.4%
EBITDA Margin 8.21% -34.8%
Operating Margin 0.7% -73.0%
Net Margin -0.11% -104.5%
ROE -0.13% -103.6%
ROIC 0.77% -76.2%
Debt/Equity 0.05 -43.6%
Interest Coverage 5.64 -60.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.9%
✗Negative free cash flow
✗Thin 5Y average net margin of 1.9%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.72%

5Y1.14%

3Y-6.11%

TTM0.1%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-53.42%

EPS CAGR

10Y-

5Y-

3Y-

TTM-54.84%

ROCE

10Y Avg3.11%

5Y Avg3.7%

3Y Avg3.66%

Latest0.75%

Peer Comparison

Assembly & Test Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KLICKulicke and Soffa Industries, Inc.	3.1B	59.17	9999	-7.38%	0.03%	0.03%	3.11%	0.05
FORMFormFactor, Inc.	5.84B	75.28	84.58	15.16%	5.23%	3.93%	1.36%	0.04
TERTeradyne, Inc.	35.66B	227.70	68.58	5.36%	15.49%	16.31%	1.33%	0.03
INTTinTEST Corporation	108.86M	8.72	36.33	5.99%	-1.93%	-2.22%	2.29%	0.26
COHUCohu, Inc.	1.36B	29.14	-19.56	-36.86%	-17.22%	-8.8%		0.02
AEHRAehr Test Systems	812.54M	26.53	-204.08	-10.95%	-16.63%	-6.77%		0.09
TRTTrio-Tech International	56.21M	6.46	-672.92	-13.8%	0.64%	0.8%		0.05

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	34.45M	38.54M	42.36M	39.2M	34.47M	32.46M	44.06M	43.25M	42.31M	36.47M
Revenue Growth %	0.02%	0.12%	0.1%	-0.07%	-0.12%	-0.06%	0.36%	-0.02%	-0.02%	-0.14%
Cost of Goods Sold+	25.68M	29.08M	31.72M	30.2M	27.2M	24.79M	32.33M	31.55M	31.55M	27.33M
COGS % of Revenue	0.75%	0.75%	0.75%	0.77%	0.79%	0.76%	0.73%	0.73%	0.75%	0.75%
Gross Profit+	8.77M	9.46M	10.64M	9M	7.27M	7.67M	11.73M	11.71M	10.76M	9.14M
Gross Margin %	0.25%	0.25%	0.25%	0.23%	0.21%	0.24%	0.27%	0.27%	0.25%	0.25%
Gross Profit Growth %	-0.02%	0.08%	0.12%	-0.15%	-0.19%	0.06%	0.53%	-0%	-0.08%	-0.15%
Operating Expenses+	7.33M	7.93M	8.53M	8.22M	8.21M	7.73M	9.38M	9.48M	9.67M	8.89M
OpEx % of Revenue	0.21%	0.21%	0.2%	0.21%	0.24%	0.24%	0.21%	0.22%	0.23%	0.24%
Selling, General & Admin	7.13M	7.72M	8.08M	7.88M	7.74M	7.38M	9M	9.07M	9.23M	8.61M
SG&A % of Revenue	0.21%	0.2%	0.19%	0.2%	0.22%	0.23%	0.2%	0.21%	0.22%	0.24%
Research & Development	200K	208K	451K	345K	355K	357K	375K	397K	392K	384K
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	46K	0	0	0	115K	-1K	1K	7K	46K	-102K
Operating Income+	1.46M	1.49M	2.19M	-1.42M	-947K	-61K	2.35M	2.23M	1.09M	254K
Operating Margin %	0.04%	0.04%	0.05%	-0.04%	-0.03%	-0%	0.05%	0.05%	0.03%	0.01%
Operating Income Growth %	0.21%	0.02%	0.47%	-1.65%	0.33%	0.94%	39.57%	-0.05%	-0.51%	-0.77%
EBITDA+	3.3M	3.33M	4.4M	1.03M	2.15M	3M	5.43M	7.32M	5.33M	3M
EBITDA Margin %	0.1%	0.09%	0.1%	0.03%	0.06%	0.09%	0.12%	0.17%	0.13%	0.08%
EBITDA Growth %	-0.04%	0.01%	0.32%	-0.77%	1.09%	0.39%	0.81%	0.35%	-0.27%	-0.44%
D&A (Non-Cash Add-back)	1.84M	1.84M	2.21M	2.45M	3.1M	3.06M	3.08M	5.09M	4.23M	2.74M
EBIT	1.51M	2M	2.52M	1.73M	1.34M	-773K	3.18M	2.49M	1.71M	218K
Net Interest Income+	-186K	-169K	-183K	-219K	-53K	-8K	-53K	69K	293K	269K
Interest Income	18K	33K	50K	100K	177K	118K	69K	174K	370K	314K
Interest Expense	204K	202K	233K	319K	230K	126K	122K	105K	77K	45K
Other Income/Expense	-158K	312K	102K	615K	2.05M	-838K	701K	154K	536K	-81K
Pretax Income+	1.3M	1.8M	2.29M	1.41M	1.11M	-899K	3.05M	2.38M	1.63M	173K
Pretax Margin %	0.04%	0.05%	0.05%	0.04%	0.03%	-0.03%	0.07%	0.06%	0.04%	0%
Income Tax+	237K	341K	987K	-42K	-12K	228K	757K	622K	486K	168K
Effective Tax Rate %	0.6%	0.73%	0.52%	1.1%	0.79%	0.66%	0.78%	0.65%	0.64%	-0.24%
Net Income+	779K	1.32M	1.18M	1.54M	878K	-591K	2.4M	1.54M	1.05M	-41K
Net Margin %	0.02%	0.03%	0.03%	0.04%	0.03%	-0.02%	0.05%	0.04%	0.02%	-0%
Net Income Growth %	0.5%	0.69%	-0.1%	0.3%	-0.43%	-1.67%	5.05%	-0.36%	-0.32%	-1.04%
Net Income (Continuing)	1.06M	1.46M	1.3M	1.45M	1.12M	-1.13M	2.3M	1.76M	1.14M	5K
Discontinued Operations	0	0	0	0	-3K	-28K	2K	-2K	-1K	-5K
Minority Interest	1.61M	1.43M	1.52M	1.2M	1.18M	419K	128K	165K	249K	-37K
EPS (Diluted)+	0.22	0.36	0.31	0.41	0.24	-0.30	0.57	0.37	0.24	-0.01
EPS Growth %	0.47%	0.64%	-0.14%	0.32%	-0.41%	-2.25%	2.9%	-0.35%	-0.35%	-1.04%
EPS (Basic)	0.22	0.38	0.32	0.42	0.24	-0.30	0.60	0.38	0.25	-0.01
Diluted Shares Outstanding	3.54M	3.64M	3.77M	3.76M	3.73M	3.77M	4.17M	4.17M	4.3M	4.36M
Basic Shares Outstanding	3.51M	3.52M	3.74M	3.67M	3.67M	3.77M	3.97M	4.08M	4.16M	4.27M
Dividend Payout Ratio	-	-	-	-	-	-	0%	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	15.34M	17.04M	19.05M	19.74M	20.2M	23.96M	29.2M	28.83M	32.18M	31.58M
Cash & Short-Term Investments	4.1M	5.56M	7.19M	9.01M	10.99M	12.49M	13.12M	14.21M	16.53M	16.71M
Cash Only	3.81M	4.77M	6.54M	4.86M	4.15M	5.84M	7.7M	7.58M	10.04M	10.89M
Short-Term Investments	295K	787K	653K	4.14M	6.84M	6.65M	5.42M	6.63M	6.5M	5.82M
Accounts Receivable	9.42M	9.41M	8.63M	7.93M	6.95M	8.97M	12.61M	10.76M	11.2M	11.41M
Days Sales Outstanding	99.82	89.12	74.34	73.84	73.59	100.9	104.46	90.8	96.63	114.2
Inventory	1.46M	1.76M	2.93M	2.43M	1.92M	2.08M	2.26M	2.15M	3.16M	2.26M
Days Inventory Outstanding	20.75	22.04	33.71	29.34	25.79	30.62	25.49	24.89	36.58	30.21
Other Current Assets	92K	86K	91K	376K	0	0	0	1.71M	536K	1.2M
Total Non-Current Assets+	16.88M	16.46M	17.43M	16.79M	15.46M	14.35M	14.22M	13.36M	10.36M	9.49M
Property, Plant & Equipment	11.28M	11.29M	11.94M	12.16M	11.26M	11.78M	11.63M	10.95M	7.82M	6.88M
Fixed Asset Turnover	3.05x	3.41x	3.55x	3.22x	3.06x	2.76x	3.79x	3.95x	5.41x	5.30x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	3.41M	4.66M	4.49M	4.13M	0	0	0	0	0	0
Other Non-Current Assets	5.2M	4.79M	5.09M	4.24M	3.95M	2.35M	2.42M	2.31M	2.41M	2.51M
Total Assets+	32.22M	33.5M	36.47M	36.53M	35.66M	38.31M	43.42M	42.19M	42.54M	41.07M
Asset Turnover	1.07x	1.15x	1.16x	1.07x	0.97x	0.85x	1.01x	1.03x	0.99x	0.89x
Asset Growth %	0.01%	0.04%	0.09%	0%	-0.02%	0.07%	0.13%	-0.03%	0.01%	-0.03%
Total Current Liabilities+	8.86M	9.55M	9.82M	8.13M	7.24M	8.76M	11.93M	9.33M	9.42M	6.28M
Accounts Payable	2.92M	3.23M	3.7M	3.27M	2.59M	3.7M	2.4M	1.66M	3.17M	1.9M
Days Payables Outstanding	41.51	40.53	42.62	39.55	34.76	54.5	27.11	19.21	36.73	25.32
Short-Term Debt	2.83M	2.82M	2.41M	675K	596K	511K	1.4M	475K	261K	397K
Deferred Revenue (Current)	91K	218K	17K	608K	594K	740K	988K	1000K	754K	250K
Other Current Liabilities	290K	293K	1.52M	302K	300K	290K	308K	380K	1.66M	555K
Current Ratio	1.73x	1.78x	1.94x	2.43x	2.79x	2.74x	2.45x	3.09x	3.42x	5.03x
Quick Ratio	1.57x	1.60x	1.64x	2.13x	2.52x	2.50x	2.26x	2.86x	3.08x	4.67x
Cash Conversion Cycle	79.05	70.63	65.44	63.63	64.63	77.02	102.85	96.48	96.48	119.09
Total Non-Current Liabilities+	2.49M	2.42M	3.15M	3.53M	3.27M	3.49M	3.49M	3.29M	1.54M	793K
Long-Term Debt	1.73M	1.55M	1.44M	2.29M	1.9M	1.62M	1.27M	877K	613K	428K
Capital Lease Obligations	503K	531K	524K	442K	902K	1.46M	2.05M	1.55M	759K	324K
Deferred Tax Liabilities	216K	295K	327K	327K	0	0	0	10K	0	10K
Other Non-Current Liabilities	43K	44K	864K	472K	466K	416K	165K	849K	168K	31K
Total Liabilities	11.35M	11.97M	12.97M	11.67M	10.51M	12.25M	15.42M	12.62M	10.96M	7.08M
Total Debt+	5.3M	5.13M	4.62M	3.69M	4.11M	4.46M	6.06M	4.11M	2.85M	1.73M
Net Debt	1.49M	355K	-1.92M	-1.17M	-41K	-1.38M	-1.64M	-3.47M	-7.18M	-9.16M
Debt / Equity	0.25x	0.24x	0.20x	0.15x	0.16x	0.17x	0.22x	0.14x	0.09x	0.05x
Debt / EBITDA	1.61x	1.54x	1.05x	3.58x	1.91x	1.49x	1.12x	0.56x	0.54x	0.58x
Net Debt / EBITDA	0.45x	0.11x	-0.44x	-1.14x	-0.02x	-0.46x	-0.30x	-0.47x	-1.35x	-3.06x
Interest Coverage	7.16x	7.37x	9.39x	-4.45x	-4.12x	-0.48x	19.29x	21.22x	14.19x	5.64x
Total Equity+	20.87M	21.53M	23.5M	24.86M	25.15M	26.05M	28M	29.57M	31.58M	33.99M
Equity Growth %	0.01%	0.03%	0.09%	0.06%	0.01%	0.04%	0.07%	0.06%	0.07%	0.08%
Book Value per Share	5.90	5.91	6.23	6.61	6.75	6.91	6.71	7.10	7.35	7.79
Total Shareholders' Equity	19.26M	20.1M	21.98M	23.67M	23.97M	25.63M	27.87M	29.41M	31.33M	34.03M
Common Stock	10.88M	10.92M	11.02M	11.42M	11.42M	12.18M	12.75M	12.82M	13.32M	13.49M
Retained Earnings	3.02M	4.34M	5.53M	7.07M	7.42M	6.82M	9.22M	10.76M	11.81M	12.04M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.16M	1.63M	2.18M	1.87M	1.14M	2.4M	1.2M	758K	660K	2.52M
Minority Interest	1.61M	1.43M	1.52M	1.2M	1.18M	419K	128K	165K	249K	-37K

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	1.01M	3.95M	4.48M	4.45M	3.01M	1.64M	2.12M	8.11M	2.72M	371K
Operating CF Margin %	0.03%	0.1%	0.11%	0.11%	0.09%	0.05%	0.05%	0.19%	0.06%	0.01%
Operating CF Growth %	-0.75%	2.9%	0.13%	-0.01%	-0.32%	-0.46%	0.3%	2.82%	-0.66%	-0.86%
Net Income	1.06M	1.46M	1.29M	1.45M	1.12M	-1.16M	2.3M	1.76M	1.14M	-30K
Depreciation & Amortization	1.84M	1.84M	2.21M	2.45M	3.1M	3.06M	3.08M	5.09M	4.23M	2.74M
Stock-Based Compensation	101K	18K	43K	56K	146K	249K	475K	358K	465K	448K
Deferred Taxes	-72K	104K	5K	-294K	63K	-139K	33K	199K	-29K	48K
Other Non-Cash Items	61K	224K	305K	-784K	-1.14M	1.43M	79K	-1.3M	-1.25M	-962K
Working Capital Changes	-1.98M	316K	622K	1.58M	-278K	-1.8M	-3.84M	2.01M	-1.85M	-1.87M
Change in Receivables	-924K	-168K	995K	630K	929K	-2.35M	-3.25M	1.87M	-440K	-209K
Change in Inventory	-255K	-300K	-1.16M	539K	430K	-98K	-252K	230K	-1.05M	898K
Change in Payables	-165K	787K	488K	-68K	-968K	1.38M	1.53M	-1.1M	798K	-1.88M
Cash from Investing+	-1.58M	-2.36M	-2.06M	-5.34M	-2.62M	-567K	-444K	-6.07M	-113K	167K
Capital Expenditures	-1.66M	-2.29M	-2.31M	-2.84M	-1.02M	-1.11M	-1.47M	-4.5M	-542K	-967K
CapEx % of Revenue	0.05%	0.06%	0.05%	0.07%	0.03%	0.03%	0.03%	0.1%	0.01%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	215K	86K	42K	946K	-1.46M	-1.79M	1.02M	78K	260K	1.13M
Cash from Financing+	235K	-349K	-1.01M	-590K	-732K	-2K	911K	-1.24M	-90K	-40K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-32K	-10K	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-181K	-177K	-138K	276K	-235K	565K	457K	69K	506K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-643K	1.67M	2.17M	1.61M	1.99M	526K	655K	3.61M	2.17M	-596K
FCF Margin %	-0.02%	0.04%	0.05%	0.04%	0.06%	0.02%	0.01%	0.08%	0.05%	-0.02%
FCF Growth %	-1.46%	3.59%	0.3%	-0.26%	0.24%	-0.74%	0.25%	4.51%	-0.4%	-1.27%
FCF per Share	-0.18	0.46	0.58	0.43	0.54	0.14	0.16	0.87	0.51	-0.14
FCF Conversion (FCF/Net Income)	1.30x	3.00x	3.78x	2.88x	3.43x	-2.77x	0.89x	5.25x	2.59x	-9.05x
Interest Paid	204K	185K	181K	284K	229K	122K	121K	104K	75K	46K
Taxes Paid	241K	170K	245K	106K	126K	207K	403K	558K	425K	438K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	3.75%	6.21%	5.26%	6.39%	3.51%	-2.31%	8.86%	5.36%	3.43%	-0.13%
Return on Invested Capital (ROIC)	4.96%	5.05%	7.55%	-4.7%	-2.91%	-0.18%	6.92%	6.37%	3.25%	0.77%
Gross Margin	25.45%	24.55%	25.11%	22.96%	21.08%	23.63%	26.63%	27.06%	25.43%	25.07%
Net Margin	2.26%	3.41%	2.79%	3.94%	2.55%	-1.82%	5.44%	3.57%	2.48%	-0.11%
Debt / Equity	0.25x	0.24x	0.20x	0.15x	0.16x	0.17x	0.22x	0.14x	0.09x	0.05x
Interest Coverage	7.16x	7.37x	9.39x	-4.45x	-4.12x	-0.48x	19.29x	21.22x	14.19x	5.64x
FCF Conversion	1.30x	3.00x	3.78x	2.88x	3.43x	-2.77x	0.89x	5.25x	2.59x	-9.05x
Revenue Growth	1.54%	11.85%	9.92%	-7.47%	-12.07%	-5.81%	35.74%	-1.85%	-2.17%	-13.8%

Revenue by Segment

	2022	2023	2024	2025
Industrial Electronics	-	-	-	11.76M
Industrial Electronics Growth	-	-	-	-
Product and Service, Other	-	-	-	35K
Product and Service, Other Growth	-	-	-	-
Testing Services	19.48M	23.13M	17.93M	-
Testing Services Growth	-	18.76%	-22.47%	-
Manufacturing	13.53M	13.83M	16.06M	-
Manufacturing Growth	-	2.23%	16.13%	-
Distribution	11.04M	6.27M	8.3M	-
Distribution Growth	-	-43.19%	32.33%	-
Real Estate	25K	23K	25K	-
Real Estate Growth	-	-8.00%	8.70%	-
Fabrication	-	-	-	-
Fabrication Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

Trio-Tech International (TRT) reported $42.2M in revenue for fiscal year 2025. This represents a 23% increase from $34.2M in 2012.

Trio-Tech International (TRT) saw revenue decline by 13.8% over the past year.

Yes, Trio-Tech International (TRT) is profitable, generating $0.3M in net income for fiscal year 2025 (-0.1% net margin).

Dividend & Returns

Trio-Tech International (TRT) has a return on equity (ROE) of -0.1%. Negative ROE indicates the company is unprofitable.

Trio-Tech International (TRT) generated $2.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Trio-Tech International (TRT) 10-Year Financial Performance & Capital Metrics

TRT • • Industrial / General

TechnologySemiconductorsSemiconductor Manufacturing EquipmentAssembly & Test Equipment

Revenue $36M -13.8%
EBITDA $3M -43.8%
Net Income -$41K -103.9%
EPS (Diluted) -0.01 -104.0%
Gross Margin 25.07% -1.4%
EBITDA Margin 8.21% -34.8%
Operating Margin 0.7% -73.0%
Net Margin -0.11% -104.5%
ROE -0.13% -103.6%
ROIC 0.77% -76.2%
Debt/Equity 0.05 -43.6%
Interest Coverage 5.64 -60.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.9%
✗Negative free cash flow
✗Thin 5Y average net margin of 1.9%
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y0.72%

5Y1.14%

3Y-6.11%

TTM0.1%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-53.42%

EPS CAGR

10Y-

5Y-

3Y-

TTM-54.84%

ROCE

10Y Avg3.11%

5Y Avg3.7%

3Y Avg3.66%

Latest0.75%

Peer Comparison

Assembly & Test Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KLICKulicke and Soffa Industries, Inc.	3.1B	59.17	9999	-7.38%	0.03%	0.03%	3.11%	0.05
FORMFormFactor, Inc.	5.84B	75.28	84.58	15.16%	5.23%	3.93%	1.36%	0.04
TERTeradyne, Inc.	35.66B	227.70	68.58	5.36%	15.49%	16.31%	1.33%	0.03
INTTinTEST Corporation	108.86M	8.72	36.33	5.99%	-1.93%	-2.22%	2.29%	0.26
COHUCohu, Inc.	1.36B	29.14	-19.56	-36.86%	-17.22%	-8.8%		0.02
AEHRAehr Test Systems	812.54M	26.53	-204.08	-10.95%	-16.63%	-6.77%		0.09
TRTTrio-Tech International	56.21M	6.46	-672.92	-13.8%	0.64%	0.8%		0.05

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	34.45M	38.54M	42.36M	39.2M	34.47M	32.46M	44.06M	43.25M	42.31M	36.47M
Revenue Growth %	0.02%	0.12%	0.1%	-0.07%	-0.12%	-0.06%	0.36%	-0.02%	-0.02%	-0.14%
Cost of Goods Sold+	25.68M	29.08M	31.72M	30.2M	27.2M	24.79M	32.33M	31.55M	31.55M	27.33M
COGS % of Revenue	0.75%	0.75%	0.75%	0.77%	0.79%	0.76%	0.73%	0.73%	0.75%	0.75%
Gross Profit+	8.77M	9.46M	10.64M	9M	7.27M	7.67M	11.73M	11.71M	10.76M	9.14M
Gross Margin %	0.25%	0.25%	0.25%	0.23%	0.21%	0.24%	0.27%	0.27%	0.25%	0.25%
Gross Profit Growth %	-0.02%	0.08%	0.12%	-0.15%	-0.19%	0.06%	0.53%	-0%	-0.08%	-0.15%
Operating Expenses+	7.33M	7.93M	8.53M	8.22M	8.21M	7.73M	9.38M	9.48M	9.67M	8.89M
OpEx % of Revenue	0.21%	0.21%	0.2%	0.21%	0.24%	0.24%	0.21%	0.22%	0.23%	0.24%
Selling, General & Admin	7.13M	7.72M	8.08M	7.88M	7.74M	7.38M	9M	9.07M	9.23M	8.61M
SG&A % of Revenue	0.21%	0.2%	0.19%	0.2%	0.22%	0.23%	0.2%	0.21%	0.22%	0.24%
Research & Development	200K	208K	451K	345K	355K	357K	375K	397K	392K	384K
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	46K	0	0	0	115K	-1K	1K	7K	46K	-102K
Operating Income+	1.46M	1.49M	2.19M	-1.42M	-947K	-61K	2.35M	2.23M	1.09M	254K
Operating Margin %	0.04%	0.04%	0.05%	-0.04%	-0.03%	-0%	0.05%	0.05%	0.03%	0.01%
Operating Income Growth %	0.21%	0.02%	0.47%	-1.65%	0.33%	0.94%	39.57%	-0.05%	-0.51%	-0.77%
EBITDA+	3.3M	3.33M	4.4M	1.03M	2.15M	3M	5.43M	7.32M	5.33M	3M
EBITDA Margin %	0.1%	0.09%	0.1%	0.03%	0.06%	0.09%	0.12%	0.17%	0.13%	0.08%
EBITDA Growth %	-0.04%	0.01%	0.32%	-0.77%	1.09%	0.39%	0.81%	0.35%	-0.27%	-0.44%
D&A (Non-Cash Add-back)	1.84M	1.84M	2.21M	2.45M	3.1M	3.06M	3.08M	5.09M	4.23M	2.74M
EBIT	1.51M	2M	2.52M	1.73M	1.34M	-773K	3.18M	2.49M	1.71M	218K
Net Interest Income+	-186K	-169K	-183K	-219K	-53K	-8K	-53K	69K	293K	269K
Interest Income	18K	33K	50K	100K	177K	118K	69K	174K	370K	314K
Interest Expense	204K	202K	233K	319K	230K	126K	122K	105K	77K	45K
Other Income/Expense	-158K	312K	102K	615K	2.05M	-838K	701K	154K	536K	-81K
Pretax Income+	1.3M	1.8M	2.29M	1.41M	1.11M	-899K	3.05M	2.38M	1.63M	173K
Pretax Margin %	0.04%	0.05%	0.05%	0.04%	0.03%	-0.03%	0.07%	0.06%	0.04%	0%
Income Tax+	237K	341K	987K	-42K	-12K	228K	757K	622K	486K	168K
Effective Tax Rate %	0.6%	0.73%	0.52%	1.1%	0.79%	0.66%	0.78%	0.65%	0.64%	-0.24%
Net Income+	779K	1.32M	1.18M	1.54M	878K	-591K	2.4M	1.54M	1.05M	-41K
Net Margin %	0.02%	0.03%	0.03%	0.04%	0.03%	-0.02%	0.05%	0.04%	0.02%	-0%
Net Income Growth %	0.5%	0.69%	-0.1%	0.3%	-0.43%	-1.67%	5.05%	-0.36%	-0.32%	-1.04%
Net Income (Continuing)	1.06M	1.46M	1.3M	1.45M	1.12M	-1.13M	2.3M	1.76M	1.14M	5K
Discontinued Operations	0	0	0	0	-3K	-28K	2K	-2K	-1K	-5K
Minority Interest	1.61M	1.43M	1.52M	1.2M	1.18M	419K	128K	165K	249K	-37K
EPS (Diluted)+	0.22	0.36	0.31	0.41	0.24	-0.30	0.57	0.37	0.24	-0.01
EPS Growth %	0.47%	0.64%	-0.14%	0.32%	-0.41%	-2.25%	2.9%	-0.35%	-0.35%	-1.04%
EPS (Basic)	0.22	0.38	0.32	0.42	0.24	-0.30	0.60	0.38	0.25	-0.01
Diluted Shares Outstanding	3.54M	3.64M	3.77M	3.76M	3.73M	3.77M	4.17M	4.17M	4.3M	4.36M
Basic Shares Outstanding	3.51M	3.52M	3.74M	3.67M	3.67M	3.77M	3.97M	4.08M	4.16M	4.27M
Dividend Payout Ratio	-	-	-	-	-	-	0%	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	15.34M	17.04M	19.05M	19.74M	20.2M	23.96M	29.2M	28.83M	32.18M	31.58M
Cash & Short-Term Investments	4.1M	5.56M	7.19M	9.01M	10.99M	12.49M	13.12M	14.21M	16.53M	16.71M
Cash Only	3.81M	4.77M	6.54M	4.86M	4.15M	5.84M	7.7M	7.58M	10.04M	10.89M
Short-Term Investments	295K	787K	653K	4.14M	6.84M	6.65M	5.42M	6.63M	6.5M	5.82M
Accounts Receivable	9.42M	9.41M	8.63M	7.93M	6.95M	8.97M	12.61M	10.76M	11.2M	11.41M
Days Sales Outstanding	99.82	89.12	74.34	73.84	73.59	100.9	104.46	90.8	96.63	114.2
Inventory	1.46M	1.76M	2.93M	2.43M	1.92M	2.08M	2.26M	2.15M	3.16M	2.26M
Days Inventory Outstanding	20.75	22.04	33.71	29.34	25.79	30.62	25.49	24.89	36.58	30.21
Other Current Assets	92K	86K	91K	376K	0	0	0	1.71M	536K	1.2M
Total Non-Current Assets+	16.88M	16.46M	17.43M	16.79M	15.46M	14.35M	14.22M	13.36M	10.36M	9.49M
Property, Plant & Equipment	11.28M	11.29M	11.94M	12.16M	11.26M	11.78M	11.63M	10.95M	7.82M	6.88M
Fixed Asset Turnover	3.05x	3.41x	3.55x	3.22x	3.06x	2.76x	3.79x	3.95x	5.41x	5.30x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	3.41M	4.66M	4.49M	4.13M	0	0	0	0	0	0
Other Non-Current Assets	5.2M	4.79M	5.09M	4.24M	3.95M	2.35M	2.42M	2.31M	2.41M	2.51M
Total Assets+	32.22M	33.5M	36.47M	36.53M	35.66M	38.31M	43.42M	42.19M	42.54M	41.07M
Asset Turnover	1.07x	1.15x	1.16x	1.07x	0.97x	0.85x	1.01x	1.03x	0.99x	0.89x
Asset Growth %	0.01%	0.04%	0.09%	0%	-0.02%	0.07%	0.13%	-0.03%	0.01%	-0.03%
Total Current Liabilities+	8.86M	9.55M	9.82M	8.13M	7.24M	8.76M	11.93M	9.33M	9.42M	6.28M
Accounts Payable	2.92M	3.23M	3.7M	3.27M	2.59M	3.7M	2.4M	1.66M	3.17M	1.9M
Days Payables Outstanding	41.51	40.53	42.62	39.55	34.76	54.5	27.11	19.21	36.73	25.32
Short-Term Debt	2.83M	2.82M	2.41M	675K	596K	511K	1.4M	475K	261K	397K
Deferred Revenue (Current)	91K	218K	17K	608K	594K	740K	988K	1000K	754K	250K
Other Current Liabilities	290K	293K	1.52M	302K	300K	290K	308K	380K	1.66M	555K
Current Ratio	1.73x	1.78x	1.94x	2.43x	2.79x	2.74x	2.45x	3.09x	3.42x	5.03x
Quick Ratio	1.57x	1.60x	1.64x	2.13x	2.52x	2.50x	2.26x	2.86x	3.08x	4.67x
Cash Conversion Cycle	79.05	70.63	65.44	63.63	64.63	77.02	102.85	96.48	96.48	119.09
Total Non-Current Liabilities+	2.49M	2.42M	3.15M	3.53M	3.27M	3.49M	3.49M	3.29M	1.54M	793K
Long-Term Debt	1.73M	1.55M	1.44M	2.29M	1.9M	1.62M	1.27M	877K	613K	428K
Capital Lease Obligations	503K	531K	524K	442K	902K	1.46M	2.05M	1.55M	759K	324K
Deferred Tax Liabilities	216K	295K	327K	327K	0	0	0	10K	0	10K
Other Non-Current Liabilities	43K	44K	864K	472K	466K	416K	165K	849K	168K	31K
Total Liabilities	11.35M	11.97M	12.97M	11.67M	10.51M	12.25M	15.42M	12.62M	10.96M	7.08M
Total Debt+	5.3M	5.13M	4.62M	3.69M	4.11M	4.46M	6.06M	4.11M	2.85M	1.73M
Net Debt	1.49M	355K	-1.92M	-1.17M	-41K	-1.38M	-1.64M	-3.47M	-7.18M	-9.16M
Debt / Equity	0.25x	0.24x	0.20x	0.15x	0.16x	0.17x	0.22x	0.14x	0.09x	0.05x
Debt / EBITDA	1.61x	1.54x	1.05x	3.58x	1.91x	1.49x	1.12x	0.56x	0.54x	0.58x
Net Debt / EBITDA	0.45x	0.11x	-0.44x	-1.14x	-0.02x	-0.46x	-0.30x	-0.47x	-1.35x	-3.06x
Interest Coverage	7.16x	7.37x	9.39x	-4.45x	-4.12x	-0.48x	19.29x	21.22x	14.19x	5.64x
Total Equity+	20.87M	21.53M	23.5M	24.86M	25.15M	26.05M	28M	29.57M	31.58M	33.99M
Equity Growth %	0.01%	0.03%	0.09%	0.06%	0.01%	0.04%	0.07%	0.06%	0.07%	0.08%
Book Value per Share	5.90	5.91	6.23	6.61	6.75	6.91	6.71	7.10	7.35	7.79
Total Shareholders' Equity	19.26M	20.1M	21.98M	23.67M	23.97M	25.63M	27.87M	29.41M	31.33M	34.03M
Common Stock	10.88M	10.92M	11.02M	11.42M	11.42M	12.18M	12.75M	12.82M	13.32M	13.49M
Retained Earnings	3.02M	4.34M	5.53M	7.07M	7.42M	6.82M	9.22M	10.76M	11.81M	12.04M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.16M	1.63M	2.18M	1.87M	1.14M	2.4M	1.2M	758K	660K	2.52M
Minority Interest	1.61M	1.43M	1.52M	1.2M	1.18M	419K	128K	165K	249K	-37K

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	1.01M	3.95M	4.48M	4.45M	3.01M	1.64M	2.12M	8.11M	2.72M	371K
Operating CF Margin %	0.03%	0.1%	0.11%	0.11%	0.09%	0.05%	0.05%	0.19%	0.06%	0.01%
Operating CF Growth %	-0.75%	2.9%	0.13%	-0.01%	-0.32%	-0.46%	0.3%	2.82%	-0.66%	-0.86%
Net Income	1.06M	1.46M	1.29M	1.45M	1.12M	-1.16M	2.3M	1.76M	1.14M	-30K
Depreciation & Amortization	1.84M	1.84M	2.21M	2.45M	3.1M	3.06M	3.08M	5.09M	4.23M	2.74M
Stock-Based Compensation	101K	18K	43K	56K	146K	249K	475K	358K	465K	448K
Deferred Taxes	-72K	104K	5K	-294K	63K	-139K	33K	199K	-29K	48K
Other Non-Cash Items	61K	224K	305K	-784K	-1.14M	1.43M	79K	-1.3M	-1.25M	-962K
Working Capital Changes	-1.98M	316K	622K	1.58M	-278K	-1.8M	-3.84M	2.01M	-1.85M	-1.87M
Change in Receivables	-924K	-168K	995K	630K	929K	-2.35M	-3.25M	1.87M	-440K	-209K
Change in Inventory	-255K	-300K	-1.16M	539K	430K	-98K	-252K	230K	-1.05M	898K
Change in Payables	-165K	787K	488K	-68K	-968K	1.38M	1.53M	-1.1M	798K	-1.88M
Cash from Investing+	-1.58M	-2.36M	-2.06M	-5.34M	-2.62M	-567K	-444K	-6.07M	-113K	167K
Capital Expenditures	-1.66M	-2.29M	-2.31M	-2.84M	-1.02M	-1.11M	-1.47M	-4.5M	-542K	-967K
CapEx % of Revenue	0.05%	0.06%	0.05%	0.07%	0.03%	0.03%	0.03%	0.1%	0.01%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	215K	86K	42K	946K	-1.46M	-1.79M	1.02M	78K	260K	1.13M
Cash from Financing+	235K	-349K	-1.01M	-590K	-732K	-2K	911K	-1.24M	-90K	-40K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-32K	-10K	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-181K	-177K	-138K	276K	-235K	565K	457K	69K	506K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-643K	1.67M	2.17M	1.61M	1.99M	526K	655K	3.61M	2.17M	-596K
FCF Margin %	-0.02%	0.04%	0.05%	0.04%	0.06%	0.02%	0.01%	0.08%	0.05%	-0.02%
FCF Growth %	-1.46%	3.59%	0.3%	-0.26%	0.24%	-0.74%	0.25%	4.51%	-0.4%	-1.27%
FCF per Share	-0.18	0.46	0.58	0.43	0.54	0.14	0.16	0.87	0.51	-0.14
FCF Conversion (FCF/Net Income)	1.30x	3.00x	3.78x	2.88x	3.43x	-2.77x	0.89x	5.25x	2.59x	-9.05x
Interest Paid	204K	185K	181K	284K	229K	122K	121K	104K	75K	46K
Taxes Paid	241K	170K	245K	106K	126K	207K	403K	558K	425K	438K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	3.75%	6.21%	5.26%	6.39%	3.51%	-2.31%	8.86%	5.36%	3.43%	-0.13%
Return on Invested Capital (ROIC)	4.96%	5.05%	7.55%	-4.7%	-2.91%	-0.18%	6.92%	6.37%	3.25%	0.77%
Gross Margin	25.45%	24.55%	25.11%	22.96%	21.08%	23.63%	26.63%	27.06%	25.43%	25.07%
Net Margin	2.26%	3.41%	2.79%	3.94%	2.55%	-1.82%	5.44%	3.57%	2.48%	-0.11%
Debt / Equity	0.25x	0.24x	0.20x	0.15x	0.16x	0.17x	0.22x	0.14x	0.09x	0.05x
Interest Coverage	7.16x	7.37x	9.39x	-4.45x	-4.12x	-0.48x	19.29x	21.22x	14.19x	5.64x
FCF Conversion	1.30x	3.00x	3.78x	2.88x	3.43x	-2.77x	0.89x	5.25x	2.59x	-9.05x
Revenue Growth	1.54%	11.85%	9.92%	-7.47%	-12.07%	-5.81%	35.74%	-1.85%	-2.17%	-13.8%

Revenue by Segment

	2022	2023	2024	2025
Industrial Electronics	-	-	-	11.76M
Industrial Electronics Growth	-	-	-	-
Product and Service, Other	-	-	-	35K
Product and Service, Other Growth	-	-	-	-
Testing Services	19.48M	23.13M	17.93M	-
Testing Services Growth	-	18.76%	-22.47%	-
Manufacturing	13.53M	13.83M	16.06M	-
Manufacturing Growth	-	2.23%	16.13%	-
Distribution	11.04M	6.27M	8.3M	-
Distribution Growth	-	-43.19%	32.33%	-
Real Estate	25K	23K	25K	-
Real Estate Growth	-	-8.00%	8.70%	-
Fabrication	-	-	-	-
Fabrication Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

Trio-Tech International (TRT) reported $42.2M in revenue for fiscal year 2025. This represents a 23% increase from $34.2M in 2012.

Trio-Tech International (TRT) saw revenue decline by 13.8% over the past year.

Yes, Trio-Tech International (TRT) is profitable, generating $0.3M in net income for fiscal year 2025 (-0.1% net margin).

Dividend & Returns

Trio-Tech International (TRT) has a return on equity (ROE) of -0.1%. Negative ROE indicates the company is unprofitable.

Trio-Tech International (TRT) generated $2.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.