Transcat Financials
Transcat (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).
Acquisition-led growth is expanding revenue, but below-gross-line costs and higher borrowing are absorbing much of the gain.
Acquisition-heavy expansion is visible in the balance sheet: goodwill rose from$105.6M to$218.2M , showing that much of asset growth came through deals rather than internally built capacity. That shift helps reconcile weaker earnings with steadier cash: operating cash flow was$34.9M while net income was only$5.4M , because acquired intangibles add non-cash amortization and the larger debt load now claims more profit below operating income.
The gross-profit layer held up — gross margin reached
The company still shows comfortable short-term liquidity with a current ratio of 2.3x, but recent expansion is being financed with a meaningfully heavier capital structure than before. Debt climbed to
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'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 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 62/100, indicating healthy but not exceptional operating efficiency. This is down from 6.4% the prior year.
Transcat'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 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 26/100, reflecting increased financial risk.
With a current ratio of 2.33, Transcat holds $2.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.
Transcat has a free cash flow margin of 5.9%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.
Transcat's ROE of 1.8% shows moderate profitability relative to equity, earning a score of 54/100. This is down from 5.1% the prior year.
Transcat scores 4.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($839.2M) 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 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 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 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 generated $331.9M in revenue in fiscal year 2026. This represents an increase of 19.2% from the prior year.
Transcat's EBITDA was $39.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.2% from the prior year.
Transcat reported $5.4M in net income in fiscal year 2026. This represents a decrease of 63.0% from the prior year.
Transcat earned $0.57 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 63.7% from the prior year.
Cash & Balance Sheet
Transcat generated $19.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 24.2% from the prior year.
Transcat held $4.9M in cash against $99.9M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Transcat's gross margin was 32.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Transcat's operating margin was 4.0% in fiscal year 2026, reflecting core business profitability. This is down 2.4 percentage points from the prior year.
Transcat's net profit margin was 1.6% in fiscal year 2026, showing the share of revenue converted to profit. This is down 3.6 percentage points from the prior year.
Transcat's ROE was 1.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.3 percentage points from the prior year.
Capital Allocation
Transcat spent $469K on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 86.8% from the prior year.
Transcat invested $15.3M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 15.9% from the prior year.
Not reported for fiscal year 2026.
TRNS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $92.9M+4.1% | $89.3M+6.5% | $83.9M+1.9% | $82.3M+7.7% | $76.4M-0.9% | $77.1M+15.5% | $66.8M-1.6% | $67.8M |
| Cost of Revenue | $62.2M+5.7% | $58.9M+0.4% | $58.6M+5.6% | $55.5M+9.7% | $50.6M-1.2% | $51.2M+8.8% | $47.1M+1.0% | $46.6M |
| Gross Profit | $30.7M+0.9% | $30.5M+20.7% | $25.3M-5.6% | $26.8M+3.6% | $25.8M-0.4% | $25.9M+31.7% | $19.7M-7.2% | $21.2M |
| SG&A Expenses | $15.6M+4.9% | $14.9M+8.3% | $13.8M+9.0% | $12.6M+15.2% | $11.0M+12.7% | $9.7M+2.9% | $9.5M+1.8% | $9.3M |
| Operating Income | $3.7M-14.2% | $4.3M+4822.7% | $88K-97.5% | $3.5M-34.3% | $5.3M-23.1% | $6.9M+230.5% | $2.1M-43.8% | $3.7M |
| Interest Expense | $1.5M+10.1% | $1.4M-8.3% | $1.5M+18.4% | $1.3M+181.4% | $451K-4.2% | $471K+136.7% | $199K+161.8% | $76K |
| Income Tax | $854K-3.7% | $887K+362.4% | -$338K-144.5% | $760K-41.7% | $1.3M-27.2% | $1.8M+132.1% | $772K+80.8% | $427K |
| Net Income | $1.3M-31.6% | $1.9M+276.8% | -$1.1M-186.8% | $1.3M-61.1% | $3.3M-26.9% | $4.5M+89.4% | $2.4M-28.3% | $3.3M |
| EPS (Diluted) | $0.14-30.0% | $0.20+266.7% | -$0.12-185.7% | $0.14-60.0% | $0.35-27.1% | $0.48+92.0% | $0.25-28.6% | $0.35 |
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.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $492.6M+2.5% | $480.5M+1.6% | $472.9M-2.5% | $484.9M+23.5% | $392.5M+1.9% | $385.2M-0.2% | $386.0M+19.3% | $323.6M |
| Current Assets | $95.7M+3.5% | $92.5M+14.4% | $80.8M-5.8% | $85.7M+7.6% | $79.7M+2.1% | $78.0M+1.9% | $76.6M-19.6% | $95.2M |
| Cash & Equivalents | $6.7M+35.8% | $4.9M+42.4% | $3.5M-31.7% | $5.1M+173.1% | $1.9M+22.7% | $1.5M-67.3% | $4.6M-80.5% | $23.8M |
| Inventory | $14.8M+7.8% | $13.7M+6.1% | $12.9M-1.2% | $13.1M-15.1% | $15.4M+6.3% | $14.5M+5.0% | $13.8M-11.3% | $15.5M |
| Accounts Receivable | $66.7M+2.4% | $65.2M+10.9% | $58.7M-6.1% | $62.6M+8.5% | $57.7M+3.1% | $55.9M+8.4% | $51.6M+5.5% | $48.9M |
| Goodwill | $226.8M+4.0% | $218.2M0.0% | $218.3M0.0% | $218.4M+23.3% | $177.1M+0.1% | $176.9M+0.2% | $176.6M+27.9% | $138.1M |
| Total Liabilities | $189.7M+5.5% | $179.9M+2.1% | $176.1M-7.0% | $189.5M+89.5% | $100.0M+1.7% | $98.4M-6.3% | $104.9M+91.5% | $54.8M |
| Current Liabilities | $38.4M-3.1% | $39.6M+8.2% | $36.6M+3.7% | $35.3M+29.4% | $27.3M-19.9% | $34.0M+7.4% | $31.7M+19.4% | $26.5M |
| Long-Term Debt | $110.4M+10.5% | $99.9M0.0% | $99.9M-10.7% | $111.9M+237.2% | $33.2M+7.4% | $30.9M-21.8% | $39.5M+6353.6% | $612K |
| Total Equity | $302.9M+0.8% | $300.6M+1.3% | $296.8M+0.5% | $295.4M+1.0% | $292.5M+2.0% | $286.9M+2.1% | $281.1M+4.6% | $268.8M |
| Retained Earnings | $98.8M+1.1% | $97.8M+2.0% | $95.8M-1.2% | $97.0M+1.2% | $95.8M+3.5% | $92.5M+5.0% | $88.1M+2.6% | $85.9M |
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.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.8M+42.2% | $6.2M-48.9% | $12.1M-5.7% | $12.9M+255.5% | $3.6M-65.9% | $10.6M-15.6% | $12.6M | N/A |
| Capital Expenditures | $4.0M+11.0% | $3.6M+34.0% | $2.7M-39.6% | $4.4M-3.6% | $4.6M+70.6% | $2.7M-6.1% | $2.9M | N/A |
| Free Cash Flow | $4.8M+85.1% | $2.6M-72.4% | $9.5M+12.0% | $8.4M+966.6% | -$975K-112.3% | $7.9M-18.5% | $9.7M | N/A |
| Investing Cash Flow | -$16.8M-367.7% | -$3.6M-34.1% | -$2.7M+96.9% | -$87.0M-1791.2% | -$4.6M-13.9% | -$4.0M+94.4% | -$72.0M | N/A |
| Financing Cash Flow | $9.7M+2092.2% | -$488K+96.0% | -$12.2M-115.8% | $77.2M+3869.6% | $1.9M+120.6% | -$9.4M-123.8% | $39.7M | N/A |
| Share Buybacks | $1.9M+398.7% | $372K+2761.5% | -$13K-88.2% | $110K | $0-100.0% | $357K+96.2% | $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.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1%-1.0pp | 34.1%+4.0pp | 30.1%-2.4pp | 32.5%-1.3pp | 33.8%+0.2pp | 33.6%+4.1pp | 29.5%-1.8pp | 31.3% |
| Operating Margin | 4.0%-0.9pp | 4.9%+4.8pp | 0.1%-4.2pp | 4.3%-2.7pp | 7.0%-2.0pp | 9.0%+5.8pp | 3.1%-2.4pp | 5.5% |
| Net Margin | 1.4%-0.8pp | 2.2%+3.5pp | -1.3%-2.9pp | 1.5%-2.7pp | 4.3%-1.5pp | 5.8%+2.3pp | 3.5%-1.3pp | 4.8% |
| Return on Equity | 0.4%-0.2pp | 0.7%+1.0pp | -0.4%-0.8pp | 0.4%-0.7pp | 1.1%-0.4pp | 1.6%+0.7pp | 0.8%-0.4pp | 1.2% |
| Return on Assets | 0.3%-0.1pp | 0.4%+0.6pp | -0.2%-0.5pp | 0.3%-0.6pp | 0.8%-0.3pp | 1.2%+0.5pp | 0.6%-0.4pp | 1.0% |
| Current Ratio | 2.49+0.2x | 2.33+0.1x | 2.21-0.2x | 2.43-0.5x | 2.92+0.6x | 2.29-0.1x | 2.42-1.2x | 3.59 |
| Debt-to-Equity | 0.360.0x | 0.330.0x | 0.340.0x | 0.38+0.3x | 0.110.0x | 0.110.0x | 0.14+0.1x | 0.00 |
| FCF Margin | 5.2%+2.3pp | 2.9%-8.4pp | 11.3%+1.0pp | 10.3%+11.6pp | -1.3%-11.6pp | 10.3%-4.3pp | 14.6% | N/A |
Similar Companies
Where Transcat Ranks
Frequently Asked Questions
What is Transcat's annual revenue?
Transcat (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's revenue growing?
Transcat (TRNS) revenue grew by 19.2% year-over-year, from $278.4M to $331.9M in fiscal year 2026.
Is Transcat profitable?
Yes, Transcat (TRNS) reported a net income of $5.4M in fiscal year 2026, with a net profit margin of 1.6%.
What is Transcat's EBITDA?
Transcat (TRNS) had EBITDA of $39.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Transcat have?
As of fiscal year 2026, Transcat (TRNS) had $4.9M in cash and equivalents against $99.9M in long-term debt.
What is Transcat's gross margin?
Transcat (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's operating margin?
Transcat (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's net profit margin?
Transcat (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's return on equity (ROE)?
Transcat (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's free cash flow?
Transcat (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's operating cash flow?
Transcat (TRNS) generated $34.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Transcat's total assets?
Transcat (TRNS) had $480.5M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Transcat's capital expenditures?
Transcat (TRNS) invested $15.3M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Transcat's current ratio?
Transcat (TRNS) had a current ratio of 2.33 as of fiscal year 2026, which is generally considered healthy.
What is Transcat's debt-to-equity ratio?
Transcat (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's return on assets (ROA)?
Transcat (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's Altman Z-Score?
Transcat (TRNS) has an Altman Z-Score of 4.00, 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's Piotroski F-Score?
Transcat (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's earnings high quality?
Transcat (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 cover its interest payments?
Transcat (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?
Transcat (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.