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Employees: 1,413
Size Transcat (TRNS) is a United States Information Technology company (Electronic Equipment/Instruments) with a market value of $955M, the 2279th largest of 3,117 United States companies the cockpit tracks. Shares closed at $101.51 on 6 Nov 2026.
Performance Over six months the shares gained 33.1%, against -17.5% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 20.0% over the last twelve months (peer median +7.3%); the operating margin is 4.7% (peer median 6.6%).
Valuation It trades at 45.0× forward earnings against a peer median of 21.2× (2nd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.6 points below its cost of capital (7.6% WACC).
Backlog Backlog (remaining performance obligations) was $9.10M at 26 Sep 2026 — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 4.7% of the free float (15 Oct 2026).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $363M | $332M | $278M | $259M | $231M |
| Revenue growth | — | +19% | +7% | +13% | — |
| Gross profit | $119M | $108M | $89.5M | $83.8M | $68.4M |
| EBITDA | $44.8M | $41.9M | $36.9M | $35.1M | $27.4M |
| Net income | $4.59M | $5.38M | $14.5M | $13.6M | $10.7M |
| Free cash flow | $23.0M | $19.6M | $25.8M | $19.3M | $7.54M |
| Capital expenditure | $14.3M | $15.3M | $13.2M | $13.3M | $9.41M |
| Total debt | $151M | $133M | $57.7M | $21.5M | $62.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TRNS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.5% | -11.2% | highest of 21 |
| 6-month return | +33.1% | -17.5% | 2nd highest of 20 |
| Distance from 52-week high | -8.1% | -44.9% | highest of 21 |
| Revenue growth (TTM) | +20.0% | +7.3% | 7th highest of 21 |
| Operating margin | 4.7% | 6.6% | 9th lowest of 21 |
| Forward P/E | 45.0× | 21.2× | 2nd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 30.3% | 7.4% | 2nd most demanding of 8 |
| Growth delivered (Del g) | +13.9% | +11.4% | 2nd highest of 8 |
| Hurdle (Req g minus delivered) | +16.5 pp | -2.4 pp | most demanding of 8 |
| ROIC minus cost of capital | -4.6 pp | -1.5 pp | 10th lowest of 21 |
| EV / EBITDA | 24.5× | 8.3× | 2nd most expensive of 4 |
| Net debt / EBITDA | 3.2× | -1.1× | most indebted of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Transcat TRNS | United States | $955M | +33% | +20% | 5% | 45.0× | 30.3% | +13.9% |
| Suzhou Sushi Testing 300416.SZ | China | $957M | -26% | +8% | 15% | 23.0× | 2.6% | +13.7% |
| Park Systems 140860.KS | South Korea | $965M | -35% | -6% | 12% | 30.3× | n/a | n/a |
| Riken Keiki 7734.T | Japan | $930M | -7% | +11% | 22% | 13.8× | 2.6% | +11.4% |
| Wuxi Xinje Electric 603416.SS | China | $984M | -22% | +26% | 9% | 21.1× | 19.8% | +12.2% |
| Sidea Semiconductor Equipment (Shenzhen) 301629.SZ | China | $924M | -39% | -27% | 0% | 147.2× | n/a | n/a |
| Rigol Technologies 0537.HK | Hong Kong | $989M | n/a | +33% | 9% | 21.2× | 35.8% | +19.6% |
| Jiangsu Wuyang Automation Control Technology 300420.SZ | China | $921M | +51% | -10% | 5% | n/a | n/a | n/a |
| Camelot Electronics Technology 301282.SZ | China | $992M | +12% | +58% | 7% | n/a | n/a | n/a |
| Toshiba Tec 6588.T | Japan | $918M | -2% | +7% | 3% | 11.3× | n/a | n/a |
| RoboSense Technology Company 2498.HK | Hong Kong | $914M | -55% | +32% | -22% | n/a | n/a | n/a |
| Feitian Technologies 300386.SZ | China | $909M | -17% | -20% | -20% | n/a | n/a | n/a |
| Asia Optical 3019.TW | Taiwan | $1.04B | -14% | +13% | 10% | 16.2× | 0.1% | +10.9% |
| Fujian Acetron New Materials 300706.SZ | China | $873M | -11% | +19% | 3% | n/a | n/a | n/a |
| Henan Yicheng New Energy 300080.SZ | China | $1.05B | -17% | -13% | -21% | n/a | n/a | n/a |
| Uni-Trend Technology (China) 688628.SS | China | $1.07B | -34% | +33% | 15% | 29.1× | n/a | n/a |
| Xi'an Manareco New Materials 688550.SS | China | $850M | -19% | -2% | 13% | 15.6× | 7.4% | +9.8% |
| Shanghai Ruking Technologies 301525.SZ | China | $838M | -13% | -2% | 1% | 43.8× | n/a | n/a |
| Dianguang Explosion-proof Technology 002730.SZ | China | $832M | -54% | -6% | 6% | n/a | n/a | n/a |
| Evolv Technologies EVLV | United States | $826M | -35% | +42% | -20% | n/a | n/a | n/a |
| Wuhan Zhongyuan Huadian Science & Technology 300018.SZ | China | $825M | -17% | +3% | 17% | n/a | 25.8% | +10.0% |
Transcat reported $9.10M of remaining performance obligations at 26 Sep 2026 and up 36% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.