A Business at a Glance
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TRANSCAT INC
TRNS
$784M
Mkt Cap
$84.85
-2.82%
TRANSCAT INC (TRNS) has a current P/E ratio of 99.8, compared to its historical median P/E of 35.3. The stock is currently considered Expensive based on its historical valuation range.
TRANSCAT INC (TRNS) has a 5-year average return on invested capital (ROIC) of 8.7%. This is below average and may indicate limited pricing power.
TRANSCAT INC (TRNS) has a market capitalization of $792M. It is classified as a small-cap stock.
TRANSCAT INC (TRNS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.45%.
Based on historical P/E analysis, TRANSCAT INC (TRNS) appears expensive. The current P/E of 99.8 is 183% above its historical median of 35.3. The estimated fair value CAGR (P/E method) is 7.0%.
TRANSCAT INC (TRNS) operates in the Instruments For Meas & Testing Of Electricity & Elec Signals industry, within the Technology sector.
TRANSCAT INC (TRNS) reported annual revenue of $278 million in its most recent fiscal year, based on SEC EDGAR filings.
BUSINESS OVERVIEW Transcat, Inc. (“Transcat”, the “Company,” “we” or “us”) is a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation. We are focused on providing services and products to highly regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device and other FDA-regulated businesses. Additional industries served include industrial manufacturing; energy and utilities, including oil and gas; chemical manufacturing; FAA-regulated businesses, including aerospace and defense; and other industries that require accuracy in their processes, confirmation of the capabilities of their equipment, and for which the risk of failure is very costly. We conduct our business through two operating segments: service (“Service”) and distribution (“Distribution”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 278M | 259M | 231M | 205M | 173M |
| Net Income | 0 | 15M | 14M | 11M | 11M | 7.8M |
| EPS | $0.00 | $1.57 | $1.63 | $1.40 | $1.50 | $1.03 |
| Free Cash Flow | 0 | 26M | 19M | 7.5M | 7.5M | 17M |
| ROIC | 0.0% | 5.4% | 8.6% | 9.3% | 10.8% | 9.1% |
| Gross Margin | - | 32.1% | 32.3% | 29.6% | 28.5% | 26.6% |
| Debt/Equity | 0.34 | 0.11 | 0.02 | 0.49 | 0.56 | 0.26 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 18M | 20M | 16M | 14M | 11M |
| Operating Margin | 0.0% | 6.4% | 7.6% | 7.0% | 6.9% | 6.4% |
| ROE | 0.0% | 5.7% | 8.4% | 11.5% | 14.1% | 11.0% |
| Shares Outstanding | 9M | 9M | 8M | 8M | 8M | 8M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 119M | 124M | 122M | 144M | 155M | 161M | 173M | 173M | 205M | 231M | 259M | 278M | 0 |
| Gross Margin | 25.1% | 23.5% | 23.8% | 24.3% | 24.1% | 24.5% | 24.5% | 26.6% | 28.5% | 29.6% | 32.3% | 32.1% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 9.0M | 8.4M | 9.2M | 10M | 12M | 12M | 14M | 17M | 24M | 27M | 35M | 38M | 38M |
| EBIT | 6.7M | 6.8M | 6.3M | 7.9M | 9.0M | 10M | 11M | 11M | 14M | 16M | 20M | 18M | 0 |
| Op. Margin | 5.7% | 5.5% | 5.2% | 5.5% | 5.8% | 6.4% | 6.3% | 6.4% | 6.9% | 7.0% | 7.6% | 6.4% | 0.0% |
| Net Income | 4.0M | 4.0M | 4.1M | 4.5M | 5.9M | 7.1M | 8.1M | 7.8M | 11M | 11M | 14M | 15M | 0 |
| Net Margin | 3.4% | 3.3% | 3.4% | 3.1% | 3.8% | 4.4% | 4.7% | 4.5% | 5.6% | 4.6% | 5.3% | 5.2% | 0.0% |
| Non-Recurring | 34K | -3K | -38K | 4K | -133K | -8K | -460K | -136K | -88K | -88K | -53K | 31K | 31K |
| Returns on Capital | |||||||||||||
| ROIC | 11.0% | 9.8% | 8.2% | 7.6% | 9.0% | 10.2% | 10.1% | 9.1% | 10.8% | 9.3% | 8.6% | 5.4% | 0.0% |
| ROE | 12.9% | 12.5% | 11.3% | 11.0% | 12.5% | 12.9% | 12.7% | 11.0% | 14.1% | 11.5% | 8.4% | 5.7% | 0.0% |
| ROA | 7.3% | 6.9% | 5.9% | 5.4% | 6.3% | 7.1% | 6.9% | 6.0% | 7.3% | 5.7% | 5.6% | 4.3% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 7.6M | 4.4M | 11M | 7.5M | 9.9M | 13M | 12M | 24M | 18M | 17M | 33M | 39M | 0 |
| Free Cash Flow | 5.7M | 939K | 6.9M | 2.3M | 4.0M | 5.6M | 5.0M | 17M | 7.5M | 7.5M | 19M | 26M | 0 |
| Owner Earnings | 4.1M | 842K | 6.7M | 907K | 2.5M | 4.9M | 4.0M | 15M | 5.7M | 2.6M | 15M | 17M | -22M |
| CapEx | 2.0M | 3.5M | 4.1M | 5.3M | 5.9M | 7.0M | 6.6M | 6.6M | 10M | 9.4M | 13M | 13M | 0 |
| Maint. CapEx | 2.9M | 3.1M | 3.9M | 6.2M | 6.0M | 6.4M | 6.7M | 7.6M | 9.6M | 11M | 14M | 19M | 19M |
| Growth CapEx | 0 | 410K | 155K | 0 | 0 | 637K | 0 | 0 | 585K | 0 | 0 | 0 | 0 |
| D&A | 2.9M | 3.1M | 3.9M | 6.2M | 6.0M | 6.4M | 6.7M | 7.6M | 9.6M | 11M | 14M | 19M | 19M |
| CapEx/OCF | 25.8% | 78.8% | 37.3% | 69.6% | 59.6% | 55.7% | 56.9% | 28.0% | 57.6% | 55.5% | 40.7% | 33.9% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 6.5M | 71K | 73K | 98K | 360K | 145K | 2.8M | 3.0M | 6.7M | 447K | 4.9M | 3.6M | 3.6M |
| Buyback Yield | 9.5% | 0.1% | 0.1% | 0.1% | 0.3% | 0.1% | 1.5% | 0.8% | 1.2% | 0.1% | 0.5% | 0.5% | 0.5% |
| Stock-Based Comp | 527K | 507K | 359K | 453K | 1.4M | 1.3M | 884K | 1.5M | 2.3M | 3.4M | 4.5M | 3.2M | 3.2M |
| Debt Repayment | 0 | 0 | 0 | 1.3M | 1.7M | 2.1M | 1.9M | 2.0M | 2.1M | 2.1M | 2.2M | 2.3M | 2.3M |
| Balance Sheet | |||||||||||||
| Net Debt | 7.6M | 12M | 18M | 26M | 22M | 20M | 30M | 19M | 47M | 48M | -31M | 31M | 96M |
| Cash & Equiv. | 23K | 65K | 641K | 842K | 577K | 788K | 499K | 560K | 1.4M | 1.5M | 20M | 1.5M | 3.5M |
| Long-Term Debt | 7.6M | 12M | 19M | 26M | 21M | 19M | 28M | 17M | 46M | 47M | 1.8M | 31M | 100M |
| Debt/Equity | 0.25 | 0.35 | 0.49 | 0.63 | 0.45 | 0.35 | 0.45 | 0.26 | 0.56 | 0.49 | 0.02 | 0.11 | 0.34 |
| Interest Coverage | N/A | N/A | 25.9 | 11.6 | 8.9 | 11.3 | 11.6 | N/A | 17.5 | 6.7 | 10.8 | 22.4 | 22.4 |
| Equity | 30M | 34M | 39M | 43M | 51M | 60M | 67M | 75M | 86M | 100M | 225M | 287M | 297M |
| Total Assets | 54M | 62M | 77M | 92M | 97M | 105M | 128M | 132M | 178M | 196M | 288M | 385M | 473M |
| Total Liabilities | 24M | 28M | 38M | 49M | 45M | 46M | 61M | 57M | 92M | 96M | 62M | 98M | 176M |
| Intangibles | 2.7M | 3.6M | 8.2M | 7.5M | 5.5M | 5.2M | 8.0M | 7.5M | 15M | 14M | 20M | 55M | 81M |
| Retained Earnings | 15M | 19M | 23M | 27M | 33M | 40M | 46M | 53M | 59M | 69M | 80M | 93M | 96M |
| Working Capital | 12M | 15M | 10M | 16M | 19M | 23M | 28M | 24M | 32M | 39M | 72M | 44M | 44M |
| Current Assets | 26M | 27M | 26M | 36M | 41M | 45M | 48M | 49M | 60M | 68M | 105M | 78M | 81M |
| Current Liabilities | 14M | 12M | 16M | 20M | 21M | 22M | 21M | 25M | 28M | 28M | 33M | 34M | 37M |
| Per Share Data | |||||||||||||
| EPS | 0.54 | 0.57 | 0.58 | 0.64 | 0.81 | 0.95 | 1.08 | 1.03 | 1.50 | 1.40 | 1.63 | 1.57 | 0.00 |
| Owner EPS | 0.56 | 0.12 | 0.94 | 0.13 | 0.34 | 0.65 | 0.54 | 1.92 | 0.75 | 0.34 | 1.74 | 1.86 | -2.34 |
| Book Value | 4.08 | 4.86 | 5.47 | 6.14 | 7.02 | 7.93 | 8.98 | 9.93 | 11.36 | 13.05 | 26.89 | 31.03 | 31.80 |
| Cash Flow/Share | 1.03 | 0.63 | 1.54 | 1.07 | 1.35 | 1.67 | 1.55 | 3.13 | 2.32 | 2.22 | 3.90 | 4.22 | 1.99 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 7.4M | 7.1M | 7.1M | 7.1M | 7.3M | 7.5M | 7.5M | 7.6M | 7.6M | 7.6M | 8.4M | 9.2M | 9.3M |
| Valuation | |||||||||||||
| P/E Ratio | 17.2 | 16.8 | 17.5 | 19.4 | 19.9 | 23.9 | 23.5 | 51.6 | 49.4 | 63.8 | 68.4 | 46.7 | N/A |
| P/FCF | 12.1 | 72.1 | 10.5 | 38.2 | 29.5 | 30.7 | 38.0 | 23.6 | 75.3 | 90.5 | 48.2 | 26.3 | N/A |
| EV/EBIT | 11.3 | 11.8 | 14.5 | 14.5 | 15.6 | 18.8 | 20.3 | 38.1 | 43.2 | 44.9 | 45.6 | 39.7 | N/A |
| Price/Book | 2.3 | 2.0 | 1.9 | 2.0 | 2.3 | 2.9 | 2.8 | 5.4 | 6.5 | 6.8 | 4.1 | 2.4 | 2.7 |
| Price/Sales | 0.5 | 0.5 | 0.6 | 0.5 | 0.6 | 1.0 | 1.2 | 1.4 | 2.6 | 2.5 | 3.1 | 3.6 | N/A |
| FCF Yield | 8.3% | 1.4% | 9.5% | 2.6% | 3.4% | 3.3% | 2.6% | 4.2% | 1.3% | 1.1% | 2.1% | 3.8% | N/A |
| Market Cap | 68M | 68M | 72M | 88M | 118M | 171M | 189M | 402M | 562M | 682M | 933M | 678M | 792M |
| Avg. Price | 7.80 | 9.60 | 9.63 | 10.68 | 13.33 | 20.83 | 27.11 | 31.81 | 70.02 | 74.71 | 95.60 | 109.81 | 84.85 |
| Year-End Price | 9.28 | 9.59 | 10.14 | 12.40 | 16.10 | 22.72 | 25.36 | 53.17 | 74.09 | 89.32 | 111.43 | 73.38 | 84.85 |
TRANSCAT INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
TRANSCAT INC trades at 99.8x trailing earnings, compared to its 15-year median P/E of 35.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 31.8x vs a median of 34.4x. The company's 5-year average ROIC is 8.7% with a gross margin of 29.8%. Total shareholder yield (buybacks) is 0.5%. At current prices, the estimated annualized return to fair value is +15.8%.
TRANSCAT INC (TRNS) has a net profit margin of 5.2%. This is a modest margin.
TRANSCAT INC (TRNS) generated $26 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TRANSCAT INC (TRNS) has a debt-to-equity ratio of 0.11. This indicates a conservatively financed balance sheet.
TRANSCAT INC (TRNS) reported earnings per share (EPS) of $1.57 in its most recent fiscal year.
TRANSCAT INC (TRNS) has a return on equity (ROE) of 5.7%. This indicates moderate shareholder returns.
TRANSCAT INC (TRNS) has a 5-year average gross margin of 29.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for TRANSCAT INC (TRNS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TRANSCAT INC (TRNS) has a book value per share of $31.03, based on its most recent annual SEC filing.