TRNSNasdaqInstruments For Meas & Testing of Electricity & Elec SignalsFiscal year ends March 27
TRANSCAT INC
Financials through Q1 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Aug 4, 2026
$80.68+0.33 (+0.41%)
Close on Oct 19, 2026
- Market cap
- $764.28M
- P/E (TTM)
- 218.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
32.6%+6.0 pts over 5 years
Operating margin
4.0%−2.4 pts over 5 years
Net margin
1.6%−2.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.2% | +12.9% | +13.9% | +10.5% | |
| Gross profit | +21.1% | +16.6% | +18.6% | +14.0% | |
| Operating income | -25.8% | -6.5% | +3.7% | +7.7% | |
| Net income | -63.0% | -20.5% | -7.2% | +2.7% | |
| EPS, diluted | -63.7% | -25.9% | -11.2% | -0.2% | |
| Free cash flow | -24.2% | +37.4% | +2.8% | +11.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.0% | 11.0% | 1.8% | |
| Return on assets | 5.4% | 6.0% | 1.2% | |
| Current ratio | 1.80 | 1.95 | 2.33 | |
| Debt to equity | 0.63 | 0.26 | 0.33 | |
| Net debt to EBITDA | 1.87× | 1.02× | 2.41× | |
| Interest coverage | – | – | 2.9× | |
| Inventory turnover | 13.0× | 9.9× | 15.9× | |
| Capex to revenue | 3.6% | 3.8% | 4.6% | |
| Diluted shares | 7M | 8M | 9M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Transcat generated $141.02M from operations and spent $77.41M on capital expenditure, dividends and share buybacks. 79% of that went back into the business.
Generated
$141.02M
Used
$77.41M
Capital expenditure$61.34M79%Dividends$00%Share buybacks$16.07M21%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.6%
×Asset turnover0.77×
×Equity multiplier1.47×
=Return on equity, FY20251.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.6% | 0.77× | 1.47× | 1.8% |
| FY2024 | 5.2% | 0.83× | 1.31× | 5.7% |
| FY2023 | 5.3% | 1.07× | 1.49× | 8.4% |
| FY2022 | 4.6% | 1.23× | 2.01× | 11.5% |
| FY2021 | 5.6% | 1.32× | 1.92× | 14.1% |
| FY2020 | 4.5% | 1.33× | 1.83× | 11.0% |
| FY2019 | 4.7% | 1.48× | 1.84× | 12.7% |
| FY2018 | 4.4% | 1.59× | 1.82× | 12.9% |
| FY2017 | 3.8% | 1.64× | 1.99× | 12.5% |
| FY2016 | 3.1% | 1.70× | 2.05× | 11.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$5.38M
- Cash generatingOperating cash flow above zero$34.85M
- Return on assets improvedROA up on the prior year5.0% → 1.4%
- Earnings backed by cashOperating cash flow above net income$34.85M vs $5.38M
- Less leverageLong-term debt to assets fell8.0% → 20.8%
- Better liquidityCurrent ratio rose2.29 → 2.33
- No dilutionShare count did not rise9M → 9M
- Gross margin improvedGross margin up on the prior year32.13% → 32.63%
- More efficientAsset turnover rose0.97 → 0.86