Company Analysis

Transcat, Inc. (TRNS)

Nasdaq: TRNS · Instruments For Meas & Testing of Electricity & Elec Signals · Rochester, NY · filing with the SEC since 1995
Grade5.2
◀ Past 6.4● Present 4.3▶ Future 5.4

The grade of Transcat, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.2/10
◀ Past6.430% of the headline
● Present4.340% of the headline
▶ Future5.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.5/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-06-02.

weight 33% of this tense · 55th percentile among 10 sector filers · read for itself

From the record

Transcat, Inc.'s filings since 2017 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2025-06-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.8/10

What has it actually done, year after year?

+9.7% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 88th percentile among 10 sector filers · read for its customers

From the record

Transcat, Inc.'s 10 filed years say what it did: revenue went from $144 million in fiscal 2017 to $332 million in fiscal 2026, up 9.7% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span9.7%top 15% of its family
  • the share of years revenue rosetop 10% of its family
  • the share of filed years with a profittop 15% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.8/10

How has it treated the people who own it?

Share count grew 7.0% a year. 8% of cash flow returned. Insiders: 2 sales, 2 purchases.

weight 22% of this tense · 28th percentile among 9 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-03-28, Transcat, Inc.'s diluted share count grew about 7.0% a year, and dividends and buybacks returned about 8% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 2 purchases of their own stock on the open market in the year to 2026-11-09, buying about $329 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 5% of its family
  • cash returned against operating cash flowtop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.1/10

Is it financially healthy right now?

ROE 2%: 2¢ of profit per shareholder dollar. Leverage 37%: owes 37¢ per asset dollar.

weight 45% of this tense · 41st percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-28, Transcat, Inc. earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 23 cents per dollar of everything the company owns. Leverage: it owed about 37 cents per dollar of assets, and net share issuance: its share count grew 1.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 45% of its family
  • return on equitytop 45% of its family
  • gross profit against assetsbottom 28% of its family
  • the share count against the year beforebottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.2/10

How strong is its position in its industry?

top 38% of 10 in its family; net margin 1.6%.

weight 33% of this tense · 62nd percentile among 10 sector filers · read for its customers

From the record

Transcat, Inc.'s standing among 10 graded names in its industry family: revenue of $332 million in fiscal 2026 ranks in the bottom 45% by size; a net margin of 1.6% ranks in the top 45%; revenue growth of 12.9% a year over the last 3 filed years ranks in the top 15% (its annual reports).

What it rests on

  • revenue against the family$332Mbottom 45% of its family
  • net margin1.6%top 45% of its family
  • three-year revenue growth12.9%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.8/10

What are the people in charge doing?

bottom 18% of 9 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 18th percentile among 9 sector filers · read for its shareholders

From the record

Transcat, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Irick, Jaime A (President and CEO, as filed), filing under that title since 2026-04-02, 7 months (bottom 13% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 3.9 years (bottom 28%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (bottom 15%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge12 in three years among 16 peoplebottom 15% of its family
  • the median years the people in charge have filed3.9 yearsbottom 28% of its family
  • the chief executive's years on the record7 monthsbottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.9/10

How much room does it have to grow?

bottom 29% of 10 in its family for room to expand.

weight 45% of this tense · 29th percentile among 10 sector filers · read for itself

From the record

Transcat, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $5 million against debt of $100 million leaves -19.8% of its assets as net cash, bottom 15% of its family; cash from operations less capital spending is 5.9% of revenue (top 45%); a gross margin of 32.6% (bottom 17%) (its annual report).

What it rests on

  • cash less debt against assets-19.8%bottom 15% of its family
  • cash from operations less capital spending against revenue5.9%top 45% of its family
  • gross margin32.6%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
8.2/10

What could actually drive growth from here?

top 18% of 10 in its family for growth drivers.

weight 33% of this tense · 82nd percentile among 10 sector filers · read for its customers

From the record

Transcat, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 12.9% a year over the last three filed years against 9.7% over all 10, speeding up (top 25% of its family); the newest year grew 19.3% (top 5%); capital spending grew 17.5% a year (top 25%) (its annual reports). Transcat, Inc. reported 2 product lines in fiscal 2026: Service at $217 million (65%), Distribution Service at $115 million (35%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+3.1 points a yeartop 25% of its family
  • the newest year's revenue growth19.3%top 5% of its family
  • three-year growth of capital spending17.5%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.2/10

Did its newest year beat what its own record pointed to?

top 38% of 10 in its family for expectations against reality.

weight 22% of this tense · 62nd percentile among 10 sector filers · read for its shareholders

From the record

Transcat, Inc.'s newest year against its own record: revenue of $332 million in fiscal 2026 came in 8.5% above the $306 million its prior three years' pace pointed to (top 25% of its family); net income of $5 million against a prior three-year average of $13 million (top 45%); a net margin of 1.6% against 5% before (top 45%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace8.5%top 25% of its family
  • net income against the prior three years' average-59%top 45% of its family
  • net margin against its prior average-3.4 pointstop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TRNS · research, not advice