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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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How management deployed cash over 4 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -26%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 4 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~3.4% on $4.6M of debt.
Cash of $6.7M fully covers short-term debt of $4.6M.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$2.1M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $18.4M 100.0% | $15.8M 100.0% | $12.6M 100.0% | $6.7M 100.0% |
| Cost of Revenue | $14.1M 76.7% | $11.2M 71.2% | $8.5M 67.0% | $4.4M 65.5% |
| Gross Profit | $4.3M 23.3% | $4.6M 29.0% | $4.2M 33.0% | $2.3M 34.5% |
| Research & Development | $2.1M 11.2% | $1.6M 9.9% | $1.4M 10.8% | $505K 7.6% |
| Selling, General & Admin | $7.1M 38.5% | $765K 4.8% | $724K 5.7% | $743K 11.2% |
| Total Operating Expenses | $10.1M 54.9% | $3.3M 20.7% | $2.8M 22.0% | $1.6M 24.7% |
| Operating Income | -$5.8M -31.6% | $1.3M 8.2% | $1.4M 11.0% | $650K 9.8% |
| Interest Expense | $157K 0.9% | $196K 1.2% | $146K 1.2% | $83K 1.2% |
| Interest & Investment Income | $4K 0.0% | $3K 0.0% | $7K 0.1% | $3K 0.0% |
| Other Income (Expense), net | $371K 2.0% | $334K 2.1% | -$21K -0.2% | -$113K -1.7% |
| Pretax Income | -$5.4M -29.6% | $1.6M 10.3% | $1.4M 10.8% | $537K 8.1% |
| Income Tax Expense | -$397 -0.0% | $15K 0.1% | $11K 0.1% | -$423 -0.0% |
| Net Income | -$5.4M -29.6% | $1.6M 10.2% | $1.4M 10.7% | $538K 8.1% |
| Per Share | ||||
| EPS (Basic) | -$0.33 | $0.13 | $0.11 | $0.04 |
| EPS (Diluted) | -$0.33 | $0.13 | $0.11 | $0.04 |
| Weighted Avg Shares (Basic) | 16.6M | 12.5M | 12.5M | 12.5M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2023, FY2024). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
A reverse DCF cannot be solved for INLF: its net cash ($2.1M) exceeds its market value, so enterprise value is negative. Discounting a positive cash-flow stream always gives a positive number, so no growth rate reaches that target. This is common for banks, brokers and payment companies, where customer balances sit in the cash line and are not the company's to spend.
Default is 13.8% — this company's computed cost of capital, the same rate the Analysis tab discounts at.
2-stage DCF · 0.00B shares (market data) · net debt -$2.1M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean 146.2% · volatility σ 535% · implied rate exceeded in 1/3 yrs
Central path = implied -60.0%/yr growth; shaded band = ±1σ (535%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Ranked against 27 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ITW | $79.2B | 26.6× | 19.3× | 4.9× | 0.9% | 52.9% | 19.1% | 95.0% | 25.1% | 1.8× | 665 |
| IR | $31.1B | 55.2× | 21.0× | 4.1× | 5.7% | 43.6% | 7.6% | 5.8% | 3.9% | 2.1× | 243 |
| XYL | $21.2B | 23.6× | 12.0× | 2.4× | 5.5% | 38.5% | 10.6% | 8.3% | 7.1% | 0.3× | 285 |
| NDSN | $18.0B | 37.9× | 25.1× | 6.4× | 3.8% | 55.2% | 17.4% | 15.9% | 9.6% | 2.4× | 215 |
| ITT | $17.8B | 32.5× | 20.4× | 4.5× | 8.5% | 35.4% | 12.4% | 11.9% | 10.0% | -1.2× | 180 |
| IEX | $17.2B | 36.5× | 23.8× | 5.0× | 5.8% | 44.5% | 14.0% | 12.0% | 8.3% | 1.6× | 172 |
| ZBRA | $17.1B | 44.2× | 25.3× | 3.2× | 8.3% | 48.1% | 7.8% | 11.7% | 6.9% | 3.1× | 191 |
| HSAI | $15.3B | 28.3× | — | 35.4× | 52.1% | 41.8% | 14.4% | 4.9% | 4.5% | -3.2× | 21 |
| RBC | $14.6B | 50.9× | 33.0× | 7.8× | 14.3% | 44.4% | 15.4% | 8.6% | 6.8% | 1.8× | 131 |
| GGG | $10.8B | 21.9× | 13.9× | 4.8× | 5.8% | 52.5% | 23.3% | 19.7% | 19.7% | -0.8× | 177 |
| RRX | $10.5B | 37.4× | 17.6× | 1.8× | -1.6% | 37.4% | 4.7% | 4.1% | 2.4% | 5.1× | 131 |
| FLS | $10.0B | 29.9× | 21.9× | 2.1× | 3.8% | 33.4% | 7.3% | 15.8% | 9.2% | 1.6× | 132 |
| DCI | $9.6B | 21.6× | 15.1× | 2.5× | 5.3% | 34.6% | 11.7% | 25.7% | 14.7% | 1.5× | 163 |
| TKR | $7.7B | 27.0× | 12.0× | 1.7× | 0.2% | 30.4% | 6.3% | 9.1% | 5.7% | 2.0× | 146 |
| ZWS | $7.4B | 39.0× | 24.6× | 4.4× | 8.3% | 45.1% | 11.7% | 12.3% | 9.4% | 0.6× | 90 |
| GTES | $6.0B | 24.8× | 11.0× | 1.8× | 1.0% | 39.8% | 7.3% | 7.5% | 4.5% | 2.1× | 1 |
| ESAB | $4.3B | 19.0× | 10.8× | 1.5× | 3.7% | 36.9% | 8.0% | 10.5% | 6.7% | 2.1× | 72 |
| CECO | $3.0B | 36.9× | 24.0× | 3.8× | 38.8% | 34.8% | 6.5% | 15.8% | 9.4% | 1.4× | 60 |
| OUST | $2.1B | — | — | 12.7× | 52.5% | 49.3% | -35.6% | -23.1% | -23.1% | — | 63 |
| CHRN | $2.1B | — | 91.4× | 29.3× | 459% | -23.9% | -70.3% | -28.0% | -27.4% | -0.3× | — |
| GRC | $1.9B | 35.6× | 17.6× | 2.8× | 3.4% | 30.6% | 7.8% | 12.8% | 7.3% | 2.2× | 51 |
| GHM | $821M | 62.5× | 40.6× | 3.4× | 16.9% | 23.5% | 5.1% | 8.9% | 8.2% | 0.3× | 35 |
| TWIN | $349M | 12.9× | 11.4× | 0.9× | 11.9% | 26.9% | 7.1% | 12.3% | 10.9% | 0.4× | 14 |
| HLP | $303M | 135.3× | 100.3× | 15.5× | — | 32.5% | 9.9% | 3.4% | 2.8% | 3.1× | 1 |
| PPIH | $240M | 14.0× | 7.4× | 1.1× | 33.2% | 32.9% | 8.1% | 18.8% | 13.8% | 0.4× | 19 |
| INLF | $201705 | — | — | 0.0× | 16.5% | 23.3% | -29.6% | -33.8% | -26.2% | — | — |
Peers = companies sharing INLF's sector (General Industrial Machinery & Equipment, NEC) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-10-30
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE -34% against ROIC -26% — -8% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -41.3% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Cost of Revenue | 65.5 | 67.0 | 71.2 | 76.7 |
| Gross Profit | 34.5 | 33.0 | 29.0 | 23.3 |
| R&D | 7.6 | 10.8 | 9.9 | 11.2 |
| SG&A | 11.2 | 5.7 | 4.8 | 38.5 |
| Operating Income | 9.8 | 11.0 | 8.2 | -31.6 |
| Income Tax | -0.0 | 0.1 | 0.1 | -0.0 |
| Net Income | 8.1 | 10.7 | 10.2 | -29.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on INLF: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -53.77pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2022 | 8.3% | 13.8% (today's — no rate published for this year) | -5.6pts |
| FY2023 | 11.2% | 5.3% | 5.9pts |
| FY2024 | 10.1% | 6.5% | 3.5pts |
| FY2025 | -40.0% | 13.0% | -53.0pts |
| Now | -26.2% | 13.8% | -40.1pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2022 | 34.5% | 9.8% | 8.1% |
| FY2023 | 33.0% | 11.0% | 10.7% |
| FY2024 | 29.0% | 8.2% | 10.2% |
| FY2025 | 23.3% | -31.6% | -29.6% |
Return on equity is 8 points BELOW the return on invested capital, which means the equity base is carrying capital the operations are not earning on — usually cash, goodwill, or a recent raise.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
ROIC ex-goodwill is -39.96% against -39.96% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Cash conversion is 1.12x but SBC is 27.94% of revenue.
Cash conversion is strong at 1.12x, but SBC is 27.94% of revenue — the cash flow looks clean partly because paying people in stock never passes through it.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda.
No growth rate within the range this model can express reaches the current price, so the requirement cannot be stated as a number.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: implied_growth.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$5M | −$5M |
| Share-based comp | $5M | −$304,252 |
| Other non-cash & working capital | −$2M | −$2M |
| Operating cash flow | −$2M | −$2M |
| Capex | −$192,531 | −$2M |
| Free cash flow | −$2M | −$2M |
| FCF after SBC | −$7M | −$7M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2023 | 89.6% | not reported | not reported |
| FY2024 | 25.3% | 1.3% | -23.9 points |
| FY2025 | 16.5% | 53.8% | 37.3 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2022 | not reported | not reported | not reported | not reported |
| FY2023 | 109.7 days | 194 days | 110 days | 193.7 days |
| FY2024 | 88.7 days | 172.1 days | 101.7 days | 159.1 days |
| FY2025 | 117.1 days | 142.2 days | 85 days | 174.3 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2022 | not reported |
| FY2023 | 5.9 percent |
| FY2024 | 0.1 percent |
| FY2025 | -14.3 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 4 consecutive years to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.