TRNS
TRANSCAT INC
Next earnings Aug 4, 2026 · consensus $0.39 EPS, $88.3M rev
Last earnings +4.7% on 2026-05-26
$92.23
▲ +0.38%$92.23▲ +14.90%
over 1Y
L $52.06EODHDH $93.24
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.4%
1W-0.6%
1M+14.8%
3M+29.3%
YTD+61.4%
1Y+14.9%
Hold
Conviction
Horizon
Long (>12mo)
Street · 10 analysts
Buy
Quality recurring-calibration franchise hits its 68th consecutive quarter of Service growth, but FY26 EPS collapse and 160x P/E demand patience.
Revenue $332M · FY2026
The read
Middling fundamentals and a rich price (~96% above fair value) leave little margin of safety — a wait-and-see.
Transcat is a high-quality niche compounder whose underlying business is working — the MD&A flags the 68th consecutive quarter of year-over-year Service-segment growth, Service revenue up 19.7% and Distribution up 18.2% in FY2026, with total revenue jumping 19.2% to $332M. Distribution gross margin actually expanded 320 bps on better rental mix, and total gross profit rose 21.1% to $108M (32.6% margin). This is a recurring-revenue calibration franchise serving regulated end-markets, and the long-horizon strategy of bolt-on M&A (Essco, Martin contributed $30.9M of acquired revenue) is intact.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $205M | $231M | $259M | $278M | $332M |
| Gross profit | $58.4M | $68.4M | $83.8M | $89.5M | $108M |
| Operating income | $14.1M | $16.2M | $19.8M | $17.9M | $13.3M |
| Net income | $11.4M | $10.7M | $13.6M | $14.5M | $5.38M |
| Diluted EPS | $1.50 | $1.40 | $1.63 | $1.57 | $0.57 |
| Net margin | 5.6% | 4.6% | 5.3% | 5.2% | 1.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$956M
EV / EBITDA24.3
EV / Sales2.9
EV / FCF48.9
P / FCF44.1
PEG (trailing)—
Earnings yield0.6%
FCF yield2.3%
Quality & risk
ROIC (est.)2.6%
Free cash flow$19.6M
Total debt$99.9M
Net cash-$94.9M
Altman Z-Score4.07 safe
Piotroski F-Score5/9
Capital returns
Buyback yield0.1%
Dividend yield (est.)—
Shareholder yield0.1%
Shares Δ YoY+0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 10-K Annual report2026-05-27
FY26 10-K: revenue $332M (+19%), EPS $0.57 (-64%); LT debt tripled to $100M
- 8-K Earnings results2026-05-26
FY26 earnings: revenue +19% to $332M but net income collapsed 63% to $5.4M
- 8-K Officer / director change2026-05-19
Officer/director change announced ahead of FY26 results
- 8-K Officer / director change2026-03-09
Material agreement + officer change; likely Martin/Essco acquisition financing
- 8-K Earnings results2026-02-03
Q3 FY26 10-Q: acquisition revenue lifts top line, margins compressed
- 10-Q Quarterly report2026-02-03
Q3 FY26 10-Q: acquisition revenue lifts top line, margins compressed
- 8-K Officer / director change2026-01-08
Officer change with Reg FD disclosure; management transition
- 10-Q Quarterly report2025-11-05
Q2 FY26 10-Q: organic growth soft H1, service margin -90bps
- 8-K Earnings results2025-11-03
Q2 FY26 earnings release; service segment growth continues
Recent filings
all on EDGAR ↗4Period ending 2026-06-222026-06-24open ↗3Period ending 2026-06-222026-06-24open ↗4Period ending 2026-03-262026-06-11open ↗144Filing2026-06-01open ↗4Period ending 2026-05-272026-05-28open ↗4Period ending 2026-05-272026-05-28open ↗4Period ending 2026-05-272026-05-28open ↗4Period ending 2026-05-272026-05-28open ↗4Period ending 2026-05-272026-05-28open ↗4Period ending 2026-05-272026-05-28open ↗10-KPeriod ending 2026-03-282026-05-27open ↗8-KPeriod ending 2026-05-262026-05-26open ↗
Frequently asked
- Is TRANSCAT INC (TRNS) a buy?
- TRNS currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Quality recurring-calibration franchise hits its 68th consecutive quarter of Service growth, but FY26 EPS collapse and 160x P/E demand patience.
- What is TRNS's fair value?
- A Modified-Graham model based on TRNS's SEC fundamentals estimates a fair value of about $4.14. It is an estimate from reported earnings, not a price target.
- Is TRNS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, TRNS currently appears overvalued relative to its SEC-grounded earnings power.
- What is TRANSCAT INC's quality score?
- TRNS scores 55.15686274509804/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000099302, latest 10-K filed 2026-05-27) · EODHD · analysis by claude-code · as of 6/25/2026, 2:53:20 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.