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Transcat Inc (TRNS) stock

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NASDAQ: TRNS Nasdaq Electronic Equipment & Instruments Next results ~November 3, 2026

C+ Fundamentals grade

Transcat Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$69

Cash-flow model

Base case. Range ~$50–$94 across our lower- and higher-growth cases (12.3%–22.3% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 27% above our base value.

Price used: $87.92, November 2, 2026

Transcat Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 2 selling1 purchase and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds104 adding, 56 cuttingOf 27 active managers that changed their stake, 17 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Transcat files

Where Transcat stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $348m, up 20.9% on a year earlier, faster than the 19.2% growth a quarter earlier. That growth ranks 5 of 22 among the electronic equipment & instruments companies we cover. Free-cash-flow margin held at 7.3%. Operating margin narrowed to 3.3% from 6.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 4 of our 7 financial-health checks.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Transcat Inc's trailing-twelve-month revenue grew 20.9% year on year, with a free-cash-flow margin of 7.3%.

Our discounted-cash-flow model values the business at ~$69 per share in the base case (~$50–$94 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 29.6% while net income fell 74.2%: a 104pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 20.9% over the last 12 months, against a median of 9.8% for electronic equipment & instruments companies we cover.

Things to watch

  • Priced above our value. The share price of $87.92 is 21% above our value per share of $69.
  • High earnings multiple. The shares trade at 240 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 47% and a beta of 1.6 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2027 Q1

Filed August 4, 2026
Earnings per share
$0.51 against an average estimate of $0.38: beat by 35.1%
Revenue
$93m, up 21.6% on a year earlier
Share reaction
+4.7% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 3, 2026; average EPS estimate $0.45

Transcat's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.9%
  • 1 week+5.5%
  • 1 month-2.7%
  • This year+55.0%
  • 1 year+21.0%
  • 5 years+4.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$348M
Operating margin
3.3%
Net margin
1.0%
EPS (TTM, diluted)
$0.37

Growth

Revenue growth
+20.9%
Change in growth rate
+1.7 pts
Share count change
+1.1%

Cash

Free cash flow (TTM)
$25.4M
FCF margin
7.3%
Stock pay % of revenue
2.4%

Earnings

Last results
August 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Shareholder vote
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Transcat Inc valuation models and calculator

What the price is pricing in

The share price implies about 19.6% a year of cash-flow growth for five years.That is faster than the 11.2% a year revenue growth Transcat has delivered.

  • Priced in19.6%
  • Last 12 months20.9%
  • 3 years a year13.8%
  • 5 years a year11.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($89.18, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$69
Price used
$89.18close November 3, 2026
Implied change
▼ 22%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Transcat Inc's free cash flow after stock-based pay with after-tax interest added back ($21.1M, FY2027 Q1 TTM), growing 12% and 14.3% in the next two years (forecasts, guidance and its record), then back to 17.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$50–~$94 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Transcat Inc's free cash flow after stock-based pay ( $21.1M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Transcat Inc as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.13 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$69 ~$50–$94 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$38 ~$31–$54 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$23 ~$15–$35 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$21 ~$18–$24 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$44 ~$21–$69 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Transcat Inc with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −13%
  • Last year's free-cash-flow margin change, if it persists ▲ +7%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $21$33$49$69$95$130
8.5% $14$22$33$48$67$91
10% $9$16$24$35$50$68

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$10.14$12.52$15.65$22.98$25.36$53.17$74.21$86.79$111.43$73.38$71.32$87.92
Market value$72m$89m$114m$173m$190m$401m$563m$664m$931m$679m$669m$827m
+ Net debt (− = net cash)$18m$26m$22m$20m$30m$19m$47m$48m−$15m$31m$95m$104m
Enterprise value$91m$115m$137m$193m$220m$420m$610m$711m$915m$710m$764m$930m
Multiples
Price / sales 0.6x0.6x0.7x1.1x1.1x2.3x2.7x2.9x3.6x2.4x2.0x2.4x
Price / earnings 17.5x19.7x19.3x24.2x23.5x51.5x49.5x62.1x68.2x46.8x124.4xn/m
Price / free cash flow 10.5x38.8x28.6x31.0x38.1x23.6x75.4x88.0x48.1x26.3x34.2x32.6x
EV / EBITDA 8.8x8.2x9.1x11.6x12.5x22.5x25.7x26.1x27.5x19.5x19.4x23.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard Transcat's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Cash operating profit has been a median 5.1% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 28.2%, moving by 3.5 percentage points (standard deviation) across 10 years.

  • Durability 8 / 20

    Operating margin has been a median 6.2%; its worst year was 3.3%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.9% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 24.2% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (44 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $92m and EPS of $0.45 (range $0.40 to $0.50) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.90 +3% $373m +13%
Next $2.17 +15% $398m +7%

Next year's EPS estimate has moved +1.5% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +7.7% on 90 days ago. In the last 30 days, 0 analysts raised Transcat Inc's forecast and 1 cut it.

Consensus EPS forecast Transcat Inc, last 90 days
$1.60 $1.80 $2.00 $2.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.76 Current fiscal year, 60 days ago: $1.91 Current fiscal year, 30 days ago: $1.90 Current fiscal year, 7 days ago: $1.90 Current fiscal year, Now: $1.90 $1.90 Next fiscal year, 90 days ago: $2.14 Next fiscal year, 60 days ago: $2.17 Next fiscal year, 30 days ago: $2.17 Next fiscal year, 7 days ago: $2.17 Next fiscal year, Now: $2.17 $2.17

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.76$2.14
60 days ago $1.91$2.17
30 days ago $1.90$2.17
7 days ago $1.90$2.17
Now $1.90$2.17

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.38 $0.51 +35.1%
Mar 2026 $0.56 $0.56 +0.4%
Dec 2025 $0.32 $0.26 −17.5%
Sept 2025 $0.49 $0.44 −10.2%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Transcat Inc's revenue by +12.0% next year and +14.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.9%, weight 64%) and the company's own record (+17.3%, weight 36%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy480%
Hold120%
Sell00%

Monthly trend

  1. Oct 20261315
  2. Sep 2026224
  3. Aug 2026224

Counts of recommendations published by analysts covering Transcat Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.0%
of tradable shares
Days to cover
3.51
at average volume
Short interest, 1 month
−8%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.4%
of shares
Employees
1,413
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +21.0%

$72.65 on October 31, 2025 to $87.92

ThenNowEffect
Revenue (last 12 months) $288m $348m +20.9%
Net margin 4.6% 1.0% −78.7%
P/E multiple 50.6x n/m +374.4%
Share count 9m 9m −1.1%

Biggest factor: p/e multiple.

Last 3 years +1.5%

$86.61 on November 3, 2023 to $87.92

ThenNowEffect
Revenue (last 12 months) $237m $348m +47.3%
Net margin 4.5% 1.0% −77.9%
P/E multiple 62.9x n/m +281.1%
Share count 8m 9m −18.3%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TRNS+167%−23%+54%−3%−46%+55%
Industry peers (median)−3%−38%+13%+2%−5%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TRNS92%50%58%50%42%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TRNS−12%−46%−24%−34%−52%−19%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 64% from July 22, 2024 to December 9, 2025. Getting back needed a 177% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$52.06 – $97.76
From 52-week high
−10.1%
vs 50-day average
+2.2%
vs 200-day average
+7.5%
Volatility (1 year)
47%
Beta vs S&P 500
1.55

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±11.5%
After a week
7 up, 5 down
typical move ±13.1%
After a month
5 up, 7 down
typical move ±10.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +4.7% +1.6% +6.5% −4.5%
May 26, 2026 +10.0% +0.6% +24.0% +25.8%
February 3, 2026 +12.0% −1.3% +26.4% +18.7%
November 3, 2025 −14.2% −1.0% −19.1% −23.9%
August 7, 2025 +1.6% +0.7% +4.6% +2.3%
May 20, 2025 +11.3% −2.0% +10.1% −0.8%
January 28, 2025 −25.9% +0.4% −20.0% −18.5%
October 29, 2024 −17.2% −0.1% −16.4% −12.1%
July 30, 2024 −14.8% +1.1% −18.4% −10.7%
May 21, 2024 +14.6% 0.0% +2.9% −3.7%
January 30, 2024 +7.9% −1.7% +6.2% +3.1%
October 31, 2023 −4.4% +1.7% −3.2% +5.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Transcat Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Transcat Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Transcat Inc
$200M $250M $300M $350M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $242.9M Revenue (TTM), FY24 Q3: $250.6M Revenue (TTM), FY24 Q4: $259.5M Revenue (TTM), FY25 Q1: $265.6M Revenue (TTM), FY25 Q2: $270.6M Revenue (TTM), FY25 Q3: $272.2M Revenue (TTM), FY25 Q4: $278.4M Revenue (TTM), FY26 Q1: $288.1M Revenue (TTM), FY26 Q2: $302.6M Revenue (TTM), FY26 Q3: $319.7M Revenue (TTM), FY26 Q4: $331.9M Revenue (TTM), FY27 Q1: $348.4M $348.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $242.9M
FY24 Q3 $250.6M
FY24 Q4 $259.5M
FY25 Q1 $265.6M
FY25 Q2 $270.6M
FY25 Q3 $272.2M
FY25 Q4 $278.4M
FY26 Q1 $288.1M
FY26 Q2 $302.6M
FY26 Q3 $319.7M
FY26 Q4 $331.9M
FY27 Q1 $348.4M
Revenue growth, TTM YoY Transcat Inc
0% 10% 20% 30% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 11.5% Revenue growth, TTM YoY, FY24 Q3: 11.7% Revenue growth, TTM YoY, FY24 Q4: 12.5% Revenue growth, TTM YoY, FY25 Q1: 12.3% Revenue growth, TTM YoY, FY25 Q2: 11.4% Revenue growth, TTM YoY, FY25 Q3: 8.6% Revenue growth, TTM YoY, FY25 Q4: 7.3% Revenue growth, TTM YoY, FY26 Q1: 8.5% Revenue growth, TTM YoY, FY26 Q2: 11.8% Revenue growth, TTM YoY, FY26 Q3: 17.4% Revenue growth, TTM YoY, FY26 Q4: 19.2% Revenue growth, TTM YoY, FY27 Q1: 20.9% 20.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 11.5%
FY24 Q3 11.7%
FY24 Q4 12.5%
FY25 Q1 12.3%
FY25 Q2 11.4%
FY25 Q3 8.6%
FY25 Q4 7.3%
FY26 Q1 8.5%
FY26 Q2 11.8%
FY26 Q3 17.4%
FY26 Q4 19.2%
FY27 Q1 20.9%
Operating margin (TTM) Transcat Inc
2% 4% 6% 8% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 6.3% Operating margin (TTM), FY24 Q3: 6.6% Operating margin (TTM), FY24 Q4: 7.6% Operating margin (TTM), FY25 Q1: 7.6% Operating margin (TTM), FY25 Q2: 8.3% Operating margin (TTM), FY25 Q3: 7.4% Operating margin (TTM), FY25 Q4: 6.4% Operating margin (TTM), FY26 Q1: 6.3% Operating margin (TTM), FY26 Q2: 5.9% Operating margin (TTM), FY26 Q3: 5.0% Operating margin (TTM), FY26 Q4: 4.0% Operating margin (TTM), FY27 Q1: 3.3% 3.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 6.3%
FY24 Q3 6.6%
FY24 Q4 7.6%
FY25 Q1 7.6%
FY25 Q2 8.3%
FY25 Q3 7.4%
FY25 Q4 6.4%
FY26 Q1 6.3%
FY26 Q2 5.9%
FY26 Q3 5.0%
FY26 Q4 4.0%
FY27 Q1 3.3%
FCF margin (TTM) Transcat Inc
5% 6% 7% 8% 9% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 7.2% FCF margin (TTM), FY24 Q3: 7.4% FCF margin (TTM), FY24 Q4: 7.5% FCF margin (TTM), FY25 Q1: 7.5% FCF margin (TTM), FY25 Q2: 6.3% FCF margin (TTM), FY25 Q3: 7.1% FCF margin (TTM), FY25 Q4: 9.3% FCF margin (TTM), FY26 Q1: 6.8% FCF margin (TTM), FY26 Q2: 8.3% FCF margin (TTM), FY26 Q3: 7.8% FCF margin (TTM), FY26 Q4: 5.9% FCF margin (TTM), FY27 Q1: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 7.2%
FY24 Q3 7.4%
FY24 Q4 7.5%
FY25 Q1 7.5%
FY25 Q2 6.3%
FY25 Q3 7.1%
FY25 Q4 9.3%
FY26 Q1 6.8%
FY26 Q2 8.3%
FY26 Q3 7.8%
FY26 Q4 5.9%
FY27 Q1 7.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Transcat took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $332M
  2. Cost of revenue $224M · 67.4%
  3. Gross profit $108M · 32.6%
  4. Selling, general and admin $95M · 28.6%
  5. Operating income $13.3M · 4.0%
  6. Income tax $2.6M · 0.8%
  7. Interest and other $5.3M · 1.6%
  8. Net income $5.4M · 1.6%

Shares of revenue. Source: Transcat's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Mar 2010 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 81 91 110 112 119 124 122 144 155 161 173 173 205 231 259 278 332 348
Gross profit 19 23 27 27 30 29 29 35 37 39 42 46 58 68 84 89 108 113
EBITDA 4 7 8 9 10 10 10 14 15 17 18 19 24 27 33 36 39 39
Operating income 2 5 5 6 7 7 6 8 9 10 11 11 14 16 20 18 13 12
Net income 1 3 3 4 4 4 4 5 6 7 8 8 11 11 14 15 5 3
Diluted EPS $0.19 $0.37 $0.43 $0.49 $0.54 $0.57 $0.58 $0.64 $0.81 $0.95 $1.08 $1.03 $1.50 $1.40 $1.63 $1.57 $0.57 $0.37
Growth (year on year)
Revenue — +12.5% +20.7% +2.1% +5.5% +4.3% −1.2% +17.8% +7.8% +3.7% +7.6% +0.1% +18.2% +12.5% +12.5% +7.3% +19.2% +20.9%
EBITDA — +54.2% +21.0% +3.9% +11.6% +2.2% +4.0% +37.8% +6.4% +10.5% +5.5% +6.5% +27.1% +14.7% +22.5% +9.4% +8.2% +2.6%
Operating income — +92.7% +18.3% +9.5% +12.8% +0.9% −6.9% +25.9% +13.8% +13.3% +6.1% +2.1% +27.7% +14.9% +21.7% −9.6% −25.8% −35.7%
Net income — — +18.4% +12.2% +7.6% +1.1% +2.4% +9.7% +31.0% +20.7% +12.9% −3.4% +46.1% −6.1% +27.7% +6.4% −63.0% −74.2%
Diluted EPS — — +16.2% +14.0% +10.2% +5.6% +1.8% +10.3% +26.6% +17.3% +13.7% −4.6% +45.6% −6.7% +16.4% −3.7% −63.7% −74.5%
Margins
Gross margin 23.8% 25.6% 24.7% 24.4% 25.1% 23.5% 23.8% 24.3% 24.1% 24.5% 24.5% 26.6% 28.5% 29.6% 32.3% 32.1% 32.6% 32.5%
EBITDA margin 5.5% 7.5% 7.6% 7.7% 8.1% 8.0% 8.4% 9.8% 9.7% 10.3% 10.1% 10.8% 11.6% 11.8% 12.8% 13.1% 11.9% 11.2%
Operating margin 2.9% 5.0% 4.9% 5.3% 5.7% 5.5% 5.2% 5.5% 5.8% 6.4% 6.3% 6.4% 6.9% 7.0% 7.6% 6.4% 4.0% 3.3%
Net margin 1.8% 3.1% 3.0% 3.3% 3.4% 3.3% 3.4% 3.1% 3.8% 4.4% 4.7% 4.5% 5.6% 4.6% 5.3% 5.2% 1.6% 1.0%
Free-cash-flow margin 5.6% 1.0% 4.4% 2.3% 4.8% 0.8% 5.6% 1.6% 2.6% 3.5% 2.9% 9.8% 3.6% 3.3% 7.5% 9.3% 5.9% 7.3%
Cash flow
Cash from operations 6 3 6 5 8 4 11 8 10 13 12 24 18 17 33 39 35 40
Capital spending 1 2 1 3 2 4 4 5 6 7 7 7 10 9 13 13 15 15
Free cash flow 5 1 5 3 6 1 7 2 4 6 5 17 7 8 19 26 20 25
Stock-based pay 1 0 1 0 1 1 0 0 1 1 1 2 2 3 5 3 8 8
Free cash flow after stock pay 4 0 4 2 5 0 7 2 3 4 4 16 5 4 15 23 12 17
Balance sheet
Cash 0 0 0 0 0 0 1 1 1 1 0 1 1 2 20 2 5 7
Total debt 0 5 3 8 8 12 19 27 23 21 30 20 48 49 4 33 100 110
Net debt (negative = net cash) −0 5 3 8 8 12 18 26 22 20 30 19 47 48 −15 31 95 104
Diluted shares 8m 8m 8m 8m 7m 7m 7m 7m 7m 8m 7m 8m 8m 8m 8m 9m 9m 9m
Returned to shareholders
Buybacks 1 1 0 0 6 0 0 0 0 0 3 3 7 0 5 4 0 2
Total returned 1 1 0 0 6 0 0 0 0 0 3 3 7 0 5 4 0 2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 27, 2026
What it owns · $493m
Short-term assets $96mLonger-term assets $397m
What it owes, and who funded it · $493m
Short-term liabilities $38mLonger-term liabilities $151mShareholders' equity $303m
  • Short-term assets cover short-term liabilities $96m of assets due within a year against $38m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $96m short-term assets against $151m of longer-dated liabilities.
  • More cash than debt $7m of cash against $110m of debt.
  • Debt below 40% of shareholders' equity Debt is 36% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 47% to 36% over five years.
  • A year's operating cash flow covers at least 20% of debt $40m of operating cash flow against $110m of debt.
  • Operating profit covers interest at least five times over Operating income of $12m against $6m of interest.

From Transcat Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$2.3M
Returned to shareholders
9%
of free cash flow
Buybacks, last 3 fiscal years
$8.9M
Diluted share count
+1.1%
year over year
Total shareholder yield
0.3%
dividends 0.0% + buybacks 0.3% of market value
Days sales outstanding
70 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated TRNS ITRN DDD LASR TBCH AIOT Median
Revenue, last 12 months $348m $359m $388m $311m $298m $450m $104m
Revenue growth, last 12 months 20.9% 6.8% −6.2% 43.2% −17.5% 15.1% 9.8%
Revenue growth, 3-year average 13.8% 28.3% −9.0% 11.5% 5.8% 50.2% 7.2%
Revenue growth, latest quarter 21.6% — −0.3% 33.8% −0.7% 6.4% 16.5%
Gross margin 32.5% 49.7% 33.8% 31.5% 37.2% 55.7% 38.5%
Operating margin 3.3% 21.5% −15.8% −5.5% 3.1% 4.9% −7.3%
Operating margin, 3-year average 5.7% 21.9% −56.3% −19.0% 3.4% −5.4% −5.1%
Net margin 1.0% 16.1% −14.2% −4.0% −1.1% −4.2% −5.3%
Cash from operations / revenue 11.5% 24.7% −10.9% 17.1% 11.4% 7.6% −1.6%
Free-cash-flow margin 7.3% 18.6% −13.5% 13.5% 10.8% 3.5% −2.5%
Free-cash-flow margin, 3-year average 7.2% 15.0% −17.9% 3.7% 7.6% −2.4% 3.7%
Stock pay / revenue 2.4% — 3.5% 13.8% 2.0% 2.0% 3.0%
Change in share count 1.1% −0.1% 9.1% 11.7% −5.4% 6.0% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 20.9% 9.8% 17 of 53
Change in growth rate Growth +1.7pp +2.3pp 30 of 53
Gross margin Profitability 32.5% 39.7% 31 of 48
Operating margin Profitability 3.3% -7.3% 18 of 53
Net margin Profitability 1.0% -5.3% 21 of 53
Free-cash-flow margin Cash generation 7.3% -2.1% 17 of 52
Stock pay as % of revenue Cash generation 2.4% 3.0% 21 of 49
Long-term debt as % of assets Balance sheet 22.4% 15.2% 20 of 31
Change in share count Balance sheet 1.1% 1.9% 19 of 46
Days sales outstanding Balance sheet 70 days 68 days 28 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 28, 2026
Segments
Line of business Revenue Share YoY
Service $217M 65.4% ▲ 19.7%
Distribution $115M 34.6% ▲ 18.2%
Products and services
Line of business Revenue Share YoY
Services $217M 65.4% ▲ 19.7%
Distribution Service $115M 34.6% ▲ 18.2%
Geography
Region Revenue Share YoY
United States $310M 93.4% ▲ 21.1%
Canada $17.3M 5.2% ▲ 0.7%
Other International $4.7M 1.4% ▼ 13.4%

From Transcat Inc's 10-K filed May 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$892M
Institutions reporting
171
Shares held vs prior quarter
▲ 3.5%
Positions opened / closed
31 / 17

Top buyers and sellers, Q2 2026: 104 institutions bought and 56 sold ; the biggest buyer was First Eagle Investment Management, LLC (+194K shares) and the biggest seller Royce & Associates LP (−183K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Neuberger Berman Group LLC $72.1M 777K 8.1% ▼ 5.9%
Blackrock, Inc. $67.4M 727K 7.6% ▲ 7.7%
Hood River Capital Management LLC $55.8M 602K 6.3% ▼ 2.1%
Ophir Asset Management Pty Ltd $42.9M 462K 4.8% ▼ 15.3%
Conestoga Capital Advisors, LLC $41.7M 450K 4.7% ▼ 12.3%
Royce & Associates LP $40M 432K 4.5% ▼ 29.7%
Vanguard Capital Management LLC $38.4M 414K 4.3% ▲ 1.7%
Barrow Hanley Mewhinney & Strauss LLC $37.1M 400K 4.2% ▲ 22.2%
First Eagle Investment Management, LLC $32.2M 347K 3.6% ▲ 127.0%
Wellington Management Group LLP $29.4M 317K 3.3% ▲ 6.5%
Dimensional Fund Advisors LP $25.5M 275K 2.9% ▲ 5.1%
Paradice Investment Management LLC $22.8M 246K 2.6% ▼ 0.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Transcat Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $98,668 1 trade by 1 insider, last 12 months Insider sales History → $673,399 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $574,731 net selling
Insider Date Trade Shares Price Value
Dominach Oksana S. Director September 2, 2026 Sell 7,312 $85.60 $625,907
Gillette Christopher P. Director August 7, 2026 Sell 504 $94.23 $47,492
Cairns Craig D. Director August 6, 2026 Buy 1,050 $93.97 $98,668

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 2, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 26, 2026
  • February 3, 2026
  • November 3, 2025
  • August 7, 2025
  • May 20, 2025

Recent SEC filings

Data status

When each part of this page on Transcat Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Transcat Inc in brief

What does Transcat Inc do?
Transcat Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in March.
What is Transcat Inc's stock ticker?
Transcat Inc trades under the ticker TRNS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Transcat Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Transcat Inc reported revenue of $348M, 20.9% higher than a year earlier, according to its SEC filings.
What is Transcat Inc's free cash flow?
Transcat Inc's free-cash-flow margin is 7.3% of revenue over the trailing twelve months, ranking 17 of the 52 electronic equipment & instruments companies we cover.
What is Transcat Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Transcat Inc's free cash flow after stock-based pay gives ~$69 per share in the base case, and ~$50–$94 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Transcat Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Neuberger Berman Group LLC, Blackrock, Inc. and Hood River Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Transcat Inc buying back stock, and does it pay a dividend?
Transcat Inc spent $2.3M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.1% over the year.
What is Transcat Inc's market cap?
On November 2, 2026, Transcat Inc's market capitalisation was about $827M, with a price-to-earnings ratio of 239.9 and net debt of $104M. Market figures come from third-party market data and may be delayed.
How much debt does Transcat Inc have?
Transcat Inc's debt-to-equity ratio is 36.4%, from its latest balance sheet (46.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Transcat Inc's competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Transcat Inc are Ituran Location & Control Ltd., 3d Systems Corp, Nlight, Inc., Turtle Beach Corp and Powerfleet, Inc. The side-by-side comparison below sets their revenue, margins and growth against Transcat Inc's.
Are insiders buying or selling Transcat Inc stock?
Over the last 12 months, Transcat Inc's directors and officers reported 1 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Transcat Inc's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Transcat Inc announces its own schedule.