TRNS Financials Transcat Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:16 UTC Overview →

Growth & profitability

Revenue has grown 13.9% per year over the past 5 years.
Net income has grown slower than revenue (-7.2% vs 13.9% per year).
Operating margin has contracted, at 4.0% in the latest year.
Free cash flow has grown 2.8% per year over the past 5 years.

Financial health

Total debt ($100M) exceeds cash ($5M); net debt is $95M.
Total debt has grown faster than revenue (38.6% vs 13.9% per year).
Operating income covered interest expense 2.9× in the latest year.
Total debt is 2.5× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$332M	$5M	32.6%	4.0%	1.8%	1.1%	$20M	$100M	$5M
2025	$278M	$15M	32.1%	6.4%	5.1%	3.8%	$26M	$33M	$2M
2024	$259M	$14M	32.3%	7.6%	6.1%	4.7%	$19M	$4M	$20M
2023	$231M	$11M	29.6%	7.0%	10.7%	5.5%	$8M	$49M	$2M
2022	$205M	$11M	28.5%	6.9%	13.2%	6.4%	$7M	$48M	—
2021	$173M	$8M	26.6%	6.4%	10.4%	5.9%	$17M	$20M	$560000
2020	$173M	$8M	24.5%	6.3%	12.0%	6.3%	$5M	$30M	$499000
2019	$161M	$7M	24.5%	6.4%	12.0%	6.8%	$6M	$21M	$788000
2018	$155M	$6M	24.1%	5.8%	11.5%	6.1%	$4M	$23M	$577000
2017	$144M	$5M	24.3%	5.5%	10.4%	4.9%	$2M	$27M	$842000
2016	—	$4M	—	—	10.6%	5.4%	—	$19M	$641000
2015	—	$4M	—	—	11.7%	6.5%	$939000	$12M	$65000
2014	—	$4M	—	—	13.2%	7.4%	$6M	$8M	$23000
2013	—	$4M	—	—	11.7%	6.7%	$3M	$8M	$406000
2012	—	$3M	—	—	12.1%	7.3%	$5M	$3M	$32000

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$93M	$1M	33.1%	4.0%	0.4%	0.3%	$5M	$110M	$7M
Mar '26	$89M	$2M	34.1%	4.8%	0.6%	0.4%	$3M	$100M	$5M
Dec '25	$84M	-$1M	30.1%	0.1%	-0.4%	-0.2%	$9M	$100M	$3M
Sep '25	$82M	—	0.0%	0.0%	—	—	—	—	—
Sep '25	$82M	$1M	32.5%	4.3%	0.4%	0.3%	$8M	$112M	$5M
Jun '25	$76M	$3M	33.8%	7.0%	1.1%	0.8%	-$975000	$34M	$2M
Mar '25	$77M	$4M	33.6%	9.0%	1.6%	1.2%	$8M	$33M	$2M
Dec '24	$67M	$2M	29.5%	3.1%	0.8%	0.6%	$10M	$42M	$5M
Sep '24	$68M	$3M	31.3%	5.5%	1.2%	1.0%	$3M	$3M	$24M
Jun '24	$67M	$4M	34.0%	7.6%	1.7%	1.4%	$5M	$4M	$23M
Mar '24	$71M	$7M	33.9%	13.0%	3.1%	2.4%	$2M	$4M	$20M
Dec '23	$65M	$3M	32.1%	6.6%	1.5%	1.2%	$7M	$5M	$35M
Sep '23	$63M	$460000	32.0%	2.6%	0.3%	0.2%	$6M	$53M	—
Jun '23	$61M	$3M	30.9%	7.7%	2.7%	1.5%	$5M	$48M	—
Mar '23	$62M	$4M	30.9%	9.4%	3.7%	1.9%	$711000	$49M	$2M
Dec '22	$57M	$2M	28.6%	5.5%	1.7%	0.8%	$6M	$49M	—
Sep '22	$56M	$2M	29.7%	6.4%	2.6%	1.3%	$819000	$51M	—
Jun '22	$55M	$3M	29.3%	6.6%	3.4%	1.7%	-$356000	$52M	—
Mar '22	$56M	$3M	29.8%	8.1%	3.5%	1.7%	$949000	$48M	—
Dec '21	$51M	$2M	26.8%	4.6%	2.0%	1.0%	$3M	$41M	$3M

Valuation over time

How the market has priced TRNS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 78.2× (Mar '23) to 152.8× (Nov '26).
The price-to-sales ratio has fallen from 3.6× (Mar '23) to 2.5× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is TRNS growing its revenue and profit?

Over the past 5 years, Transcat Inc's revenue has grown 13.9% per year, and net income declined 7.2% per year. These are computed facts, not advice.

How much debt does TRNS have?

As of FY2026, Transcat Inc reported $100M of total debt against $5M of cash; operating income covered interest expense 2.9×.

What is TRNS's profit margin?

In FY2026, gross margin was 32.6%, operating margin 4.0%, and net margin 1.6%.

What is TRNS's P/E ratio?

Transcat Inc's P/E (TTM) is 152.83 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TRNS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 152.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.