TRNS

Company Overview — What Does TRANSCAT INC Do?

Transcat, Inc. provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates in two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services. This segment also provides CalTrak, a proprietary document and asset management software that is used to integrate and manage the workflow of its calibration service centers and customers' assets; and Compliance, Control and Cost, an online customer portal that provides its customers with web-based asset management capability, as well as a safe and secure off-site archive of calibration and other service records. The Distribution segment sells and rents test, measurement, and control instruments for customers' test and measurement instrumentation needs, as well as value added services, such as calibration/certification of equipment purchase, equipment rental, used equipment for sale, and equipment kitting. This segment markets and sells its products through website, digital and print advertising, proactive outbound sales, and an inbound call center. The company provides services and products to highly regulated industries, principally life science, which includes companies in the pharmaceutical, biotechnology, medical device, and other FDA-regulated industries; and additional industries, including aerospace and defense industrial manufacturing, oil and gas and alternative energy, and other industries that require accuracy in processes and confirmation of the capabilities of their equipment. Transcat, Inc. was incorporated in 1964 and is headquartered in Rochester, New York. TRANSCAT INC (TRNS) is classified as a small-cap stock in the Technology sector, specifically within the Measuring And Control Equipment industry. The company is led by CEO Lee D. Rudow and employs approximately 920 people, headquartered in Cleveland, New York. With a market capitalization of $695M, TRNS is one of the notable companies in the Technology sector.

TRANSCAT INC (TRNS) Stock Rating — Hold (April 2026)

As of April 2026, TRANSCAT INC receives a Hold rating with a composite score of 42.0/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.TRNS ranks #1,049 out of 4,446 stocks in our coverage universe. Within the Technology sector, TRANSCAT INC ranks #102 of 584 stocks, placing it in the top quartile of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

TRNS Stock Price and 52-Week Range

TRANSCAT INC (TRNS) currently trades at $81.22. The stock gained $0.70 (0.9%) in the most recent trading session. The 52-week high for TRNS is $97.08, which means the stock is currently trading -16.3% from its annual peak. The 52-week low is $50.23, putting the stock 61.7% above its annual trough. Recent trading volume was 71K shares, suggesting relatively thin trading activity.

Is TRNS Overvalued or Undervalued? — Valuation Analysis

TRANSCAT INC (TRNS) carries a value factor score of 37/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 127.52x, compared to the Technology sector average of 45.27x — a premium of 182%. The price-to-book ratio stands at 2.49x, versus the sector average of 3.16x. The price-to-sales ratio is 2.39x, compared to 1.06x for the average Technology stock. On an enterprise value basis, TRNS trades at 66.88x EV/EBITDA, versus 12.79x for the sector.

At current multiples, TRANSCAT INC trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

TRANSCAT INC Profitability — ROE, Margins, and Quality Score

TRANSCAT INC (TRNS) earns a quality factor score of 47/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 1.9%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.2% versus the sector average of -1.0%.

On a margin basis, TRANSCAT INC reports gross margins of 31.5%, compared to 50.9% for the sector. The operating margin is 3.6% (sector: -0.5%). Net profit margin stands at 2.0%, versus -1.5% for the average Technology stock. Revenue growth is running at 23.6% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

TRNS Debt, Balance Sheet, and Financial Health

TRANSCAT INC has a debt-to-equity ratio of 59.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.21x, indicating strong short-term liquidity.

TRNS has a beta of 0.62, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for TRANSCAT INC is 58/100, reflecting average volatility within the normal range for its sector.

TRANSCAT INC Revenue and Earnings History — Quarterly Trend

In TTM 2026, TRANSCAT INC reported revenue of $309M and earnings per share (EPS) of $-0.12. Net income for the quarter was $6M. Gross margin was 31.5%. Operating income came in at $11M.

In Q3 2026, TRANSCAT INC reported revenue of $84M and earnings per share (EPS) of $-0.12. Net income for the quarter was $-1M. Gross margin was 30.1%. Revenue grew 25.6% year-over-year compared to Q3 2025. Operating income came in at $88,000.

In Q2 2026, TRANSCAT INC reported revenue of $82M and earnings per share (EPS) of $0.14. Net income for the quarter was $1M. Gross margin was 32.5%. Revenue grew 21.3% year-over-year compared to Q2 2025. Operating income came in at $4M.

In Q1 2026, TRANSCAT INC reported revenue of $76M and earnings per share (EPS) of $0.35. Net income for the quarter was $3M. Gross margin was 33.8%. Revenue grew 14.6% year-over-year compared to Q1 2025. Operating income came in at $5M.

Over the past 8 quarters, TRANSCAT INC has demonstrated a growth trajectory, with revenue expanding from $67M to $309M. Investors analyzing TRNS stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

TRNS Dividend Yield and Income Analysis

TRANSCAT INC (TRNS) does not currently pay a dividend. This is common among smaller companies in the Measuring And Control Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

TRNS Momentum and Technical Analysis Profile

TRANSCAT INC (TRNS) has a momentum factor score of 50/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 15/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

TRNS vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, TRANSCAT INC (TRNS) ranks #102 out of 584 stocks based on the Blank Capital composite score. This places TRNS in the top quartile of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing TRNS against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TRNS vs S&P 500 (SPY) comparison to assess how TRANSCAT INC stacks up against the broader market across all factor dimensions.

TRNS Next Earnings Date

No upcoming earnings date has been announced for TRANSCAT INC (TRNS) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy TRNS? — Investment Thesis Summary

TRANSCAT INC presents a balanced picture with arguments on both sides. The value score of 37/100 indicates premium valuation.

In summary, TRANSCAT INC (TRNS) earns a Hold rating with a composite score of 42.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TRNS stock.

Related Resources for TRNS Investors

Explore more research and tools: TRNS vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TRNS head-to-head with peers: TRNS vs IHS, TRNS vs VRSN, TRNS vs ESE.