Transcat Inc. (TRNS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.38	$0.51	+34.2%	—	$92.9M	—
Q4 26	$0.56	$0.56	0.0%	—	$89.3M	—
Q3 26	$0.32	$0.26	-18.8%	—	$83.9M	—
Q2 26	$0.49	$0.44	-10.2%	—	$82.3M	—
Q1 26	$0.4	$0.59	+47.5%	—	$76.4M	—
Q4 25	$0.57	$0.64	+12.3%	—	$77.1M	—
Q3 25	$0.5	$0.45	-10.0%	—	$66.8M	—
Q2 25	$0.65	$0.52	-20.0%	—	$67.8M	—
Q1 25	$0.78	$0.68	-12.8%	—	$66.7M	—
Q4 24	$0.66	$0.66	0.0%	—	$70.9M	—
Q3 24	$0.45	$0.56	+24.4%	—	$65.2M	—
Q2 24	$0.39	$0.06	-84.6%	—	$62.8M	—
Q1 24	$0.27	$0.38	+40.7%	—	$60.6M	—
Q4 23	$0.37	$0.48	+29.7%	—	$62.1M	—
Q3 23	$0.22	$0.21	-4.5%	—	$57.4M	—
Q2 23	$0.39	$0.31	-20.5%	—	$56.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.58	—	—	$331.9M	—
FY25	—	$1.58	—	—	$278.4M	—
FY24	—	$1.66	—	—	$259.5M	—
FY23	—	$1.42	—	—	$230.6M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$143.9M	$155.1M	$160.9M	$173.1M	$173.3M	$205M	$230.6M	$259.5M	$278.4M	$331.9M
YoY change	+17.8%	+7.81%	+3.71%	+7.58%	+0.14%	+18.2%	+12.5%	+12.5%	+7.3%	+19.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	143.9M	155.1M	160.9M	173.1M	173.3M	205M	230.6M	259.5M	278.4M	331.9M
Cost of revenue	108.9M	117.7M	121.6M	130.6M	127.2M	146.5M	162.2M	175.7M	189M	223.6M
Gross profit	35M	37.4M	39.3M	42.5M	46.1M	58.4M	68.4M	83.8M	89.5M	108.3M
Gross margin	24.3%	24.1%	24.5%	24.5%	26.6%	28.5%	29.6%	32.3%	32.1%	32.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	27M	28.4M	29.1M	31.6M	35M	44.3M	52.1M	64M	71.6M	95M
Operating expenses	27M	28.4M	29.1M	31.6M	35M	44.3M	52.1M	64M	71.6M	95M
Operating income	7.9M	9M	10.2M	10.8M	11.1M	14.1M	16.2M	19.8M	17.9M	13.3M
Operating margin	5.51%	5.82%	6.36%	6.27%	6.39%	6.9%	7.05%	7.62%	6.42%	4%
Non-operating income, net	—	—	—	—	—	-143K	-344K	-315K	425K	-695K
Pretax income	7.2M	7.9M	9.2M	9.7M	10M	13.2M	13.5M	18.4M	18.3M	8M
Income tax	2.6M	2M	2.1M	1.7M	2.2M	1.8M	2.8M	4.8M	3.8M	2.6M
Net income	4.5M	5.9M	7.1M	8.1M	7.8M	11.4M	10.7M	13.6M	14.5M	5.4M
Net margin	3.14%	3.82%	4.44%	4.66%	4.49%	5.55%	4.64%	5.26%	5.21%	1.62%
EBITDA	14.1M	15M	16.6M	17.5M	18.7M	23.6M	26.9M	33.8M	37.7M	38.8M
EPS	0.65	0.83	0.99	1.1	1.05	1.52	1.42	1.66	1.58	0.58
Diluted EPS	0.64	0.81	0.95	1.08	1.03	1.5	1.4	1.63	1.57	0.57

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	62.8M	65.2M	70.9M	66.7M	67.8M	66.8M	77.1M	76.4M	82.3M	83.9M	89.3M	92.9M
Cost of revenue	42.7M	44.2M	46.9M	44.1M	46.6M	47.1M	51.2M	50.6M	55.5M	58.6M	58.9M	62.2M
Gross profit	20.1M	20.9M	24M	22.7M	21.2M	19.7M	25.9M	25.8M	26.8M	25.3M	30.5M	30.7M
Gross margin	32%	32.1%	33.9%	34%	31.3%	29.5%	33.6%	33.8%	32.5%	30.1%	34.1%	33.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	18.5M	16.6M	14.8M	17.6M	17.5M	17.6M	19M	20.5M	23.3M	25.2M	26.1M	27M
Operating expenses	18.5M	16.6M	14.8M	17.6M	17.5M	17.6M	19M	20.5M	23.3M	25.2M	26.1M	27M
Operating income	1.6M	4.3M	9.2M	5.1M	3.7M	2.1M	6.9M	5.3M	3.5M	88K	4.3M	3.7M
Operating margin	2.62%	6.59%	13%	7.64%	5.51%	3.15%	9%	6.98%	4.26%	0.1%	4.85%	4%
Non-operating income, net	49K	-289K	-11K	-131K	-232K	1M	-221K	-333K	-212K	-27K	-123K	-19K
Pretax income	802K	4.3M	9.6M	5.2M	3.7M	3.1M	6.3M	4.6M	2M	-1.4M	2.8M	2.2M
Income tax	342K	923K	2.7M	820K	427K	772K	1.8M	1.3M	760K	-338K	887K	854K
Net income	460K	3.3M	6.9M	4.4M	3.3M	2.4M	4.5M	3.3M	1.3M	-1.1M	1.9M	1.3M
Net margin	0.73%	5.14%	9.72%	6.61%	4.84%	3.53%	5.79%	4.27%	1.54%	-1.31%	2.18%	1.43%
EBITDA	5M	8.1M	13.4M	9.4M	8.2M	7.8M	12.4M	10.6M	9.8M	7.2M	11.2M	10.7M
EPS	0.06	0.39	—	0.49	0.36	0.26	0.48	0.35	0.14	-0.12	0.21	0.14
Diluted EPS	0.06	0.38	—	0.48	0.35	0.25	0.48	0.35	0.14	-0.12	0.21	0.14

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	88.8M	111.5M	165.4M	194.3M	364.3M	608.2M	675M	918.1M	—	685.6M	804.5M
Enterprise value	115.3M	133.8M	185.6M	230.9M	391.3M	664.5M	737.9M	904.4M	—	813.9M	957.7M
Shares outstanding	7M	7.1M	7.2M	7.3M	7.4M	7.5M	7.6M	8.2M	9.2M	9.3M	9.3M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	19.6	18.8	23.1	24.1	46.8	53.4	63.2	67.3	—	127.5	243.7
P/S	0.62	0.72	1.03	1.12	2.1	2.97	2.93	3.54	—	2.07	2.36
P/B	2.05	2.17	2.77	2.9	4.85	7.06	6.77	4.08	—	2.28	2.72
EV/EBITDA	8.17	8.91	11.2	13.2	21	28.2	27.5	26.7	—	21	22.3
EV/Sales	0.8	0.86	1.15	1.33	2.26	3.24	3.2	3.49	—	2.45	2.75
Earnings yield	5.09%	5.31%	4.32%	4.15%	2.14%	1.87%	1.58%	1.49%	—	0.78%	0.41%
FCF yield	2.58%	3.58%	3.36%	2.56%	4.67%	1.23%	1.12%	2.11%	—	2.85%	3.48%
PEG	—	—	—	—	—	—	—	—	—	—	-4.06

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	24.3%	24.1%	24.5%	24.5%	26.6%	28.5%	29.6%	32.3%	32.1%	32.6%	33.1%
Operating margin	5.51%	5.82%	6.36%	6.27%	6.39%	6.9%	7.05%	7.62%	6.42%	4%	5.47%
Net margin	3.14%	3.82%	4.44%	4.66%	4.49%	5.55%	4.64%	5.26%	5.21%	1.62%	0.99%
ROE	10.4%	11.5%	12%	12%	10.4%	13.2%	10.7%	6.06%	5.06%	1.79%	1.16%
ROA	4.91%	6.12%	6.79%	6.3%	5.9%	6.4%	5.46%	4.75%	3.77%	1.12%	2.18%
ROIC	7.17%	9.13%	9.91%	8.67%	8.47%	8.57%	7.92%	6.92%	4.13%	2.08%	1.63%
Return on tangible assets	37.6%	29.1%	27.8%	27.7%	25.5%	62.4%	36.3%	37.5%	-18.6%	-4.83%	-2.94%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.8	1.92	2.03	2.32	1.95	2.15	2.39	3.14	2.29	2.33	2.49
Quick ratio	1.28	1.32	1.39	1.64	1.48	1.7	1.79	2.62	1.87	1.99	2.11
Debt / equity	0.63	0.45	0.35	0.55	0.37	0.67	0.65	0.1	0.2	0.44	0.47
Debt / assets	0.3	0.24	0.2	0.29	0.21	0.32	0.33	0.07	0.15	0.28	0.29
Net debt / EBITDA	1.87	1.48	1.22	2.09	1.45	2.39	2.34	-0.4	1.49	3.31	3.52
Interest coverage	10.3	8.37	10.3	9.69	10.1	17.3	6.58	11	24	2.74	1.99
Effective tax rate	36.9%	25.5%	22.6%	17.1%	21.9%	13.7%	20.8%	26%	20.8%	32.7%	38.6%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	20.6	21.8	22.4	23.6	23.4	27.3	30.5	31.5	30.3	35.6	37.3
EPS (basic)	0.65	0.83	0.99	1.1	1.05	1.52	1.42	1.66	1.58	0.58	0.58
EPS (diluted)	0.64	0.81	0.95	1.08	1.03	1.5	1.4	1.63	1.57	0.57	0.36
Book value per share	6.21	7.21	8.29	9.15	10.1	11.5	13.2	27.3	31.2	32.2	32.2
FCF per share	0.33	0.56	0.77	0.68	2.29	1	1	2.35	2.81	2.09	2.68
Cash per share	0.12	0.08	0.11	0.07	0.08	0.19	0.2	4.27	0.17	0.53	0.72
Capex per share	0.74	0.82	0.97	0.87	0.89	1.34	1.25	1.61	1.44	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.61%	3.78%	4.34%	3.69%	3.81%	4.9%	4.08%	5.12%	4.74%	—	—
Capex / operating cash flow	78.9%	54.9%	57%	56.6%	28.4%	47.6%	60%	50.8%	29.7%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$62.8M	$65.2M	$70.9M	$66.7M	$67.8M	$66.8M	$77.1M	$76.4M	$82.3M	$83.9M	$89.3M	$92.9M
YoY change	+11.3%	+13.5%	+14.3%	+10.1%	+8%	+2.44%	+8.77%	+14.6%	+21.3%	+25.6%	+15.8%	+21.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	842K	577K	788K	499K	560K	1.4M	1.5M	35.2M	1.5M	4.9M
Receivables	22M	24.7M	27.5M	31M	34M	39.7M	44.7M	47.8M	55.9M	65.2M
Inventory	10.3M	12.7M	14.3M	14.2M	11.6M	12.7M	16.9M	17.4M	14.5M	13.7M
Total current assets	35.6M	40.5M	45M	48.5M	48.9M	59.7M	67.6M	105.2M	78M	92.5M
Property, plant & equipment	15.1M	16.6M	19.2M	29.4M	31.6M	37.5M	43.9M	55.8M	74.4M	90.2M
Goodwill & intangibles	80.1M	76.5M	79.6M	99M	101.6M	159.5M	166.3M	251.1M	463.4M	591.8M
Total assets	92.1M	96.8M	105.2M	128.1M	132.1M	177.8M	195.7M	287.6M	385.2M	480.5M
Accounts payable	11.6M	13.5M	14.6M	11.9M	12.3M	14.2M	15.9M	11.5M	16.8M	17.9M
Short-term debt	1.4M	2.1M	1.9M	2M	2.1M	2.2M	4.6M	4.8M	5.4M	4.4M
Total current liabilities	19.8M	21.1M	22.1M	20.9M	25.1M	27.7M	28.3M	33.5M	34M	39.6M
Long-term debt	25.9M	20.7M	19.1M	35.2M	25.5M	55.5M	59.8M	16.7M	52.3M	128.9M
Total liabilities	48.7M	45.5M	45.6M	61M	57M	91.6M	96.1M	62.4M	98.4M	179.9M
Shareholders' equity	43.4M	51.3M	59.6M	67.1M	75.1M	86.2M	99.6M	225.2M	286.9M	300.6M
Total debt	27.3M	22.9M	21M	37.2M	27.5M	57.6M	64.4M	21.5M	57.7M	133.3M
Net debt	26.5M	22.3M	20.2M	36.7M	27M	56.3M	62.9M	1.9M	56.2M	128.3M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	1.2M	35.2M	35.2M	22.7M	23.8M	4.6M	1.5M	1.9M	5.1M	3.5M	4.9M	6.7M
Receivables	44.4M	43.3M	47.8M	48.2M	48.9M	51.6M	55.9M	57.7M	62.6M	58.7M	65.2M	66.7M
Inventory	15.7M	16.2M	17.4M	18.1M	15.5M	13.8M	14.5M	15.4M	13.1M	12.9M	13.7M	14.8M
Total current assets	65.2M	98.8M	105.2M	94.3M	95.2M	76.6M	78M	79.7M	85.7M	80.8M	92.5M	95.7M
Property, plant & equipment	52.4M	54.1M	55.8M	64M	64.8M	74.1M	74.4M	82.7M	93.6M	90.7M	90.2M	90.2M
Goodwill & intangibles	259M	254.3M	251.1M	328.8M	325M	468.6M	463.4M	458.1M	607.1M	598.9M	591.8M	610M
Total assets	248.2M	281.1M	287.6M	323.7M	323.6M	386M	385.2M	392.5M	484.9M	472.9M	480.5M	492.6M
Accounts payable	12.5M	11.4M	11.5M	13.1M	13M	16.2M	16.8M	13.5M	15.4M	17.5M	17.9M	20.3M
Short-term debt	2.3M	5.2M	4.8M	5.5M	5.6M	5.7M	5.4M	5.1M	4M	4.9M	4.4M	4.5M
Total current liabilities	28.1M	29.4M	33.5M	31.8M	26.5M	31.7M	34M	27.3M	35.3M	36.6M	39.6M	38.4M
Long-term debt	65.5M	16.9M	16.7M	16.6M	15.3M	60.3M	52.3M	60.7M	143.8M	129.1M	128.9M	138.8M
Total liabilities	110M	62.6M	62.4M	61.4M	54.8M	104.9M	98.4M	100M	189.5M	176.1M	179.9M	189.7M
Shareholders' equity	138.3M	218.5M	225.2M	262.3M	268.8M	281.1M	286.9M	292.5M	295.4M	296.8M	300.6M	302.9M
Total debt	67.8M	22.1M	21.5M	22.2M	20.9M	66M	57.7M	65.7M	147.7M	134M	133.3M	143.2M
Net debt	66.6M	-13.1M	1.9M	-500K	-3M	61.4M	56.2M	63.9M	142.7M	130.5M	128.3M	136.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	4.5M	5.9M	7.1M	8.1M	7.8M	11.4M	10.7M	13.6M	14.5M	5.4M
Depreciation & amortization	6.2M	6M	6.4M	6.7M	7.6M	9.6M	11M	13.5M	18.6M	26.2M
Stock-based compensation	453K	1.4M	1.3M	884K	1.5M	2.3M	3.4M	4.5M	3.2M	7.5M
Change in working capital	-4.6M	-3.4M	-3.3M	-4.9M	6.2M	-2.7M	-9.2M	-3.9M	8M	-10.6M
Operating cash flow	6.6M	10.7M	12.2M	11.3M	23.3M	21.1M	15.7M	26.2M	44.4M	34.9M
Capital expenditure	-5.2M	-5.9M	-7M	-6.4M	-6.6M	-10M	-9.4M	-13.3M	-13.2M	—
Investing cash flow	-12.2M	-5.9M	-10.9M	-20.2M	-10.2M	-39.9M	-18.5M	-41.7M	-99.5M	-82.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-98K	-360K	-145K	-2.8M	-3M	-6.7M	-447K	-4.9M	-3.6M	-469K
Financing cash flow	5.3M	-13.8M	-4M	8.2M	-21.5M	54.7M	876K	27.4M	26.9M	66.5M
Net change in cash	-305K	-8.9M	-2.6M	-698K	-8.3M	36M	-2M	11.9M	-28.3M	18.8M
Free cash flow	2.3M	4M	5.6M	5M	17M	7.5M	7.5M	19.3M	25.8M	19.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	460K	3.3M	6.9M	4.4M	3.3M	2.4M	4.5M	3.3M	1.3M	-1.1M	1.9M	1.3M
Depreciation & amortization	3.3M	3.8M	3.7M	4.1M	4.4M	4.4M	5.6M	5.6M	6.5M	7.1M	7M	7M
Stock-based compensation	1.2M	1.2M	1.2M	697K	926K	452K	1.2M	1.1M	1.8M	2.1M	2.5M	2M
Change in working capital	1M	42K	-5.8M	4M	1.9M	4.8M	-2.6M	-5.3M	1.9M	4.7M	-9.2M	-634K
Operating cash flow	6M	8.3M	4.3M	13.2M	10.5M	12M	8.7M	3.6M	12.9M	12.1M	6.2M	8.8M
Capital expenditure	-2.7M	-3.7M	-4.2M	-3.7M	-4M	-2.9M	-2.7M	—	—	—	—	—
Investing cash flow	-12.7M	-3.7M	-4.1M	-4.1M	-3.9M	-73.1M	-4M	0	-82.5M	1K	0	-12.8M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-1.9M	0	-2.7M	-1.6M	-1.4M	-182K	-357K	0	-110K	13K	-372K	-1.9M
Financing cash flow	-2.1M	32.1M	-1.7M	-1.9M	-1.4M	159K	-9.4M	1.9M	77.6M	-12.2M	-488K	-613K
Net change in cash	-8.8M	36.7M	-1.4M	7.2M	5.2M	-61M	-4.8M	5.6M	8M	-59K	5.7M	-4.6M
Free cash flow	5.8M	7.3M	1.5M	5.3M	2.9M	9.7M	7.9M	-975K	8.4M	9.5M	2.6M	4.8M

Transcat Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement