Transcat Inc (TRNS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TRNS SEC filings page.
Transcat Inc (TRNS) reported $348.4M in revenue over the twelve months to Jun 27, 2026, up 20.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Transcat is growing sales while overhead and balance-sheet expansion absorb much of the benefit, leaving 2026 profit far below cash generation.
From FY2025 to FY2026, gross margin edged up from32.1% to32.6% , but operating margin fell from6.4% to4.0% . Because SG&A rose faster than revenue, the weaker earnings conversion reflects heavier operating costs rather than deterioration in the reported gross economics.
Cash conversion was much stronger than accounting profit: FY2026 operating cash flow was
The balance sheet expanded faster than earnings, with assets rising from
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Transcat Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Transcat Inc has an operating margin of 4.0%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 60/100, indicating healthy but not exceptional operating efficiency. This is down from 6.4% the prior year.
Transcat Inc's revenue surged 19.2% year-over-year to $331.9M, reflecting rapid business expansion. This strong growth earns a score of 72/100.
Transcat Inc has elevated debt relative to equity (D/E of 0.33), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.
With a current ratio of 2.33, Transcat Inc holds $2.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
Transcat Inc has a free cash flow margin of 5.9%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.
Transcat Inc's ROE of 1.8% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 5.1% the prior year.
Transcat Inc scores 3.89, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($807.1M) relative to total liabilities ($179.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Transcat Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Transcat Inc generates $6.48 in operating cash flow ($34.9M OCF vs $5.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Transcat Inc earns $2.88 in operating income for every $1 of interest expense ($13.3M vs $4.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Transcat Inc generated $92.9M in revenue in Q1 2027. This represents an increase of 21.6% from the same quarter a year earlier. Against the prior quarter it is up 4.1%.
Transcat Inc's EBITDA was $10.7M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.4% from the same quarter a year earlier. Against the prior quarter it is down 5.4%.
Transcat Inc reported $1.3M in net income in Q1 2027. This represents a decrease of 59.2% from the same quarter a year earlier. Against the prior quarter it is down 31.6%.
Transcat Inc earned $0.14 per diluted share (EPS) in Q1 2027. This represents a decrease of 60.0% from the same quarter a year earlier. Against the prior quarter it is down 30.0%.
Cash & Balance Sheet
Transcat Inc generated $4.8M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 595.9% from the same quarter a year earlier. Against the prior quarter it is up 85.1%.
Transcat Inc held $6.7M in cash against $110.4M in long-term debt as of Q1 2027.
Not reported for Q1 2027.
Margins & Returns
Transcat Inc's gross margin was 33.1% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.
Transcat Inc's operating margin was 4.0% in Q1 2027, reflecting core business profitability. This is down 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.9 percentage points.
Transcat Inc's net profit margin was 1.4% in Q1 2027, showing the share of revenue converted to profit. This is down 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
Transcat Inc's ROE was 0.4% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
Capital Allocation
Transcat Inc spent $1.9M on share buybacks in Q1 2027, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 398.7%.
Transcat Inc invested $4.0M in capex in Q1 2027, funding long-term assets and infrastructure. This represents a decrease of 13.4% from the same quarter a year earlier. Against the prior quarter it is up 11.0%.
Not reported for Q1 2027.
TRNS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $92.9M+21.6% | $89.3M+15.8% | $83.9M+25.6% | $82.3M+21.3% | $76.4M+14.6% | $77.1M+8.8% | $66.8M+2.4% | $67.8M+8.0% |
| Cost of Revenue | $62.2M+22.9% | $58.9M+14.9% | $58.6M+24.5% | $55.5M+19.1% | $50.6M+14.9% | $51.2M+9.3% | $47.1M+6.4% | $46.6M+9.2% |
| Gross Profit | $30.7M+19.0% | $30.5M+17.6% | $25.3M+28.3% | $26.8M+26.2% | $25.8M+14.0% | $25.9M+7.8% | $19.7M-6.0% | $21.2M+5.4% |
| SG&A Expenses | $15.6M+42.6% | $14.9M+53.2% | $13.8M+45.5% | $12.6M+36.0% | $11.0M+12.4% | $9.7M+39.7% | $9.5M+3.7% | $9.3M-20.1% |
| Operating Income | $3.7M-30.3% | $4.3M-37.6% | $88K-95.8% | $3.5M-6.2% | $5.3M+4.7% | $6.9M-24.6% | $2.1M-51.1% | $3.7M+127.3% |
| EBITDA | $10.7M-2.4% | $11.3M | $7.2M+10.6% | $10.0M | $10.9M+18.8% | N/A | $6.5M-19.0% | N/A |
| Interest Expense | $1.5M+236.6% | $1.4M+192.8% | $1.5M+655.3% | $1.3M+1569.7% | $451K+767.3% | $471K+842.0% | $199K+145.7% | $76K-91.5% |
| Income Tax | $854K-34.5% | $887K-50.5% | -$338K-143.8% | $760K+78.0% | $1.3M+59.0% | $1.8M-34.0% | $772K-16.4% | $427K+24.9% |
| Net Income | $1.3M-59.2% | $1.9M-56.4% | -$1.1M-146.7% | $1.3M-61.4% | $3.3M-26.0% | $4.5M-35.2% | $2.4M-29.6% | $3.3M+614.3% |
| EPS (Basic) | $0.14-60.0% | $0.21-56.3% | -$0.12-146.2% | $0.14-61.1% | $0.35-28.6% | $0.48-41.5% | $0.26-33.3% | $0.36+500.0% |
| EPS (Diluted) | $0.14-60.0% | $0.20-58.3% | -$0.12-148.0% | $0.14-60.0% | $0.35-27.1% | $0.48-40.0% | $0.25-34.2% | $0.35+483.3% |
| Diluted Shares (Avg) | 9M+0.9% | N/A | 9M0.0% | 9M+1.3% | 9M+2.1% | N/A | 9M+6.6% | 9M+16.8% |
Not reported in any period shown, so not listed: R&D Expenses.
TRNS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $492.6M+25.5% | $480.5M+24.7% | $472.9M+22.5% | $484.9M+49.9% | $392.5M+21.3% | $385.2M+34.0% | $386.0M+37.3% | $323.6M+30.4% |
| Current Assets | $95.7M+20.2% | $92.5M+18.5% | $80.8M+5.5% | $85.7M-9.9% | $79.7M-15.5% | $78.0M-25.8% | $76.6M-22.5% | $95.2M+46.0% |
| Cash & Equivalents | $6.7M+260.5% | $4.9M+225.8% | $3.5M-25.2% | $5.1M-78.7% | $1.9M-91.8% | $1.5M-92.3% | $4.6M-86.8% | $23.8M+1811.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0 | $0 |
| Inventory | $14.8M-4.0% | $13.7M-5.4% | $12.9M-6.4% | $13.1M-16.0% | $15.4M-15.1% | $14.5M-16.9% | $13.8M-14.7% | $15.5M-0.9% |
| Accounts Receivable | $66.7M+15.8% | $65.2M+16.5% | $58.7M+13.8% | $62.6M+27.9% | $57.7M+19.7% | $55.9M+17.1% | $51.6M+19.2% | $48.9M+10.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $226.8M+28.1% | $218.2M+23.3% | $218.3M+23.6% | $218.4M+58.1% | $177.1M+28.2% | $176.9M+67.6% | $176.6M+67.1% | $138.1M+29.9% |
| Total Liabilities | $189.7M+89.7% | $179.9M+82.9% | $176.1M+67.8% | $189.5M+245.8% | $100.0M+63.0% | $98.4M+57.7% | $104.9M+67.6% | $54.8M-50.2% |
| Current Liabilities | $38.4M+40.8% | $39.6M+16.4% | $36.6M+15.6% | $35.3M+33.1% | $27.3M-14.2% | $34.0M+1.6% | $31.7M+7.9% | $26.5M-5.7% |
| Non-Current Liabilities | $151.3M+108.1% | $140.2M+118.0% | $139.5M+90.4% | $154.2M+445.2% | $72.7M+146.0% | $64.3M+122.7% | $73.3M+120.3% | $28.3M-65.5% |
| Long-Term Debt | $110.4M+232.7% | $99.9M+223.3% | $99.9M+152.9% | $111.9M+18181.9% | $33.2M+2624.3% | $30.9M+1600.2% | $39.5M+1538.2% | $612K-98.8% |
| Total Equity | $302.9M+3.5% | $300.6M+4.8% | $296.8M+5.6% | $295.4M+9.9% | $292.5M+11.5% | $286.9M+27.4% | $281.1M+28.7% | $268.8M+94.4% |
| Retained Earnings | $98.8M+3.2% | $97.8M+5.7% | $95.8M+8.8% | $97.0M+12.9% | $95.8M+14.7% | $92.5M+15.5% | $88.1M+18.5% | $85.9M+20.9% |
TRNS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.8M+143.4% | $6.2M-41.7% | $12.1M-3.6% | $12.9M | $3.6M-59.4% | $10.6M+85.6% | $12.6M+15.4% | N/A |
| Depreciation & Amortization | $7.0M+24.2% | $7.0M+23.5% | $7.1M+61.0% | $6.5M | $5.6M+36.3% | $5.6M+51.9% | $4.4M+17.7% | N/A |
| Stock-Based Compensation | $2.0M+75.0% | N/A | N/A | N/A | $1.1M+62.1% | N/A | N/A | N/A |
| Capital Expenditures | $4.0M-13.4% | $3.6M+33.2% | $2.7M-6.6% | $4.4M | $4.6M+25.1% | $2.7M-35.5% | $2.9M-21.5% | N/A |
| Free Cash Flow | $4.8M+595.9% | $2.6M-67.1% | $9.5M-2.7% | $8.4M | -$975K-118.6% | $7.9M+413.1% | $9.7M+34.0% | N/A |
| Investing Cash Flow | -$16.8M-265.2% | -$3.6M+11.1% | -$2.7M+96.3% | -$87.0M | -$4.6M-12.3% | -$4.0M+79.5% | -$72.0M-1843.5% | N/A |
| Financing Cash Flow | $9.7M+399.6% | -$488K+94.8% | -$12.2M-130.8% | $77.2M | $1.9M+200.6% | -$9.4M-463.3% | $39.7M+48.2% | N/A |
| Share Buybacks | $1.9M | $372K+4.2% | -$13K-92.9% | $110K | $0-100.0% | $357K-86.6% | $182K | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TRNS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1%-0.7pp | 34.1%+0.5pp | 30.1%+0.6pp | 32.5%+1.3pp | 33.8%-0.2pp | 33.6%-0.3pp | 29.5%-2.6pp | 31.3%-0.8pp |
| Operating Margin | 4.0%-3.0pp | 4.9%-4.1pp | 0.1%-3.0pp | 4.3%-1.3pp | 7.0%-0.7pp | 9.0%-4.0pp | 3.1%-3.4pp | 5.5%+2.9pp |
| Net Margin | 1.4%-2.8pp | 2.2%-3.6pp | -1.3%-4.8pp | 1.5%-3.3pp | 4.3%-2.3pp | 5.8%-3.9pp | 3.5%-1.6pp | 4.8%+4.1pp |
| Return on Equity | 0.4%-0.7pp | 0.7%-0.9pp | -0.4%-1.2pp | 0.4%-0.8pp | 1.1%-0.6pp | 1.6%-1.5pp | 0.8%-0.7pp | 1.2%+0.9pp |
| Return on Assets | 0.3%-0.6pp | 0.4%-0.7pp | -0.2%-0.8pp | 0.3%-0.8pp | 0.8%-0.5pp | 1.2%-1.2pp | 0.6%-0.6pp | 1.0%+0.8pp |
| Current Ratio | 2.49-0.4x | 2.330.0x | 2.21-0.2x | 2.43-1.2x | 2.920.0x | 2.29-0.8x | 2.42-0.9x | 3.59+1.3x |
| Debt-to-Equity | 0.36+0.3x | 0.33+0.2x | 0.34+0.2x | 0.38+0.4x | 0.11+0.1x | 0.11+0.1x | 0.14+0.1x | 0.00-0.4x |
| Asset Turnover | 0.190.0x | 0.190.0x | 0.180.0x | 0.170.0x | 0.190.0x | 0.200.0x | 0.17-0.1x | 0.210.0x |
| FCF Margin | 5.2%+6.5pp | 2.9%-7.4pp | 11.3%-3.3pp | 10.3% | -1.3%-9.2pp | 10.3%+8.1pp | 14.6%+3.4pp | N/A |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Transcat Inc TRNS | FY2026 | $331.9M | $5.4M | 1.6% | $807.1M | 56/100 |
| Target Hospitality Corp. TH | FY2025 | $320.6M | -$37.1M | -11.6% | $1.8B | 38/100 |
| BlackSky Technology Inc. BKSY | FY2025 | $106.6M | $70K | 0.1% | $856.1M | 36/100 |
| Cass Information Systems Inc CASS | FY2025 | $191.1M | $35.1M | 18.4% | $683.8M | 22/100 |
| EASTMAN KODAK COMPANY KODK | FY2025 | $1.1B | -$128.0M | -12.0% | $901.7M | 59/100 |
| BrightView Holdings, Inc. BV | FY2025 | $2.7B | $56.0M | 2.1% | $988.0M | 39/100 |
Where Transcat Inc Ranks
Frequently Asked Questions
What is Transcat Inc's annual revenue?
Transcat Inc (TRNS) reported $331.9M in total revenue for fiscal year 2026. This represents a 19.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Transcat Inc's revenue growing?
Transcat Inc (TRNS) revenue grew by 19.2% year-over-year, from $278.4M to $331.9M in fiscal year 2026.
Is Transcat Inc profitable?
Yes, Transcat Inc (TRNS) reported a net income of $5.4M in fiscal year 2026, with a net profit margin of 1.6%.
What is Transcat Inc's EBITDA?
Transcat Inc (TRNS) had EBITDA of $39.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Transcat Inc have?
As of fiscal year 2026, Transcat Inc (TRNS) had $4.9M in cash and equivalents against $99.9M in long-term debt.
What is Transcat Inc's gross margin?
Transcat Inc (TRNS) had a gross margin of 32.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Transcat Inc's operating margin?
Transcat Inc (TRNS) had an operating margin of 4.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Transcat Inc's net profit margin?
Transcat Inc (TRNS) had a net profit margin of 1.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Transcat Inc's return on equity (ROE)?
Transcat Inc (TRNS) has a return on equity of 1.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Transcat Inc's free cash flow?
Transcat Inc (TRNS) generated $19.6M in free cash flow during fiscal year 2026. This represents a -24.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Transcat Inc's operating cash flow?
Transcat Inc (TRNS) generated $34.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Transcat Inc's total assets?
Transcat Inc (TRNS) had $480.5M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Transcat Inc's capital expenditures?
Transcat Inc (TRNS) invested $15.3M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Transcat Inc's current ratio?
Transcat Inc (TRNS) had a current ratio of 2.33 as of fiscal year 2026, which is generally considered healthy.
What is Transcat Inc's debt-to-equity ratio?
Transcat Inc (TRNS) had a debt-to-equity ratio of 0.33 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Transcat Inc's return on assets (ROA)?
Transcat Inc (TRNS) had a return on assets of 1.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Transcat Inc's P/E ratio?
Transcat Inc (TRNS) trades at 234x earnings, its market capitalization divided by net income of $3.4M net income, trailing 12 months to June 27, 2026. The market capitalization is $807.1M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Transcat Inc's price-to-sales ratio?
Transcat Inc (TRNS) trades at 2.3x sales, its market capitalization divided by revenue of $348.4M revenue, trailing 12 months to June 27, 2026. The market capitalization is $807.1M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Transcat Inc's Altman Z-Score?
Transcat Inc (TRNS) has an Altman Z-Score of 3.89, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Transcat Inc's Piotroski F-Score?
Transcat Inc (TRNS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Transcat Inc's earnings high quality?
Transcat Inc (TRNS) has an earnings quality ratio of 6.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Transcat Inc cover its interest payments?
Transcat Inc (TRNS) has an interest coverage ratio of 2.88x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Transcat Inc?
Transcat Inc (TRNS) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.