Transcat, Inc. (TRNS) Stock

Transcat, Inc. (TRNS) is a Technology stock trading at $91.42 (as of 2026-08-20), with a market capitalization of $853.93M and a trailing P/E of 569.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Transcat, Inc. provides calibration and laboratory instrument services and related instrument distribution. It operates through a Service segment offering services such as calibration, repair, and inspection, and software/portals for managing calibration records and assets, and a Distribution segment that sells and rents test and measurement instruments plus related value-added services.

Understand Transcat, Inc.: how it makes money

Transcat provides calibration and other laboratory instrument services, plus related instrument distribution, and it also sells software and online tools (CalTrak and an online portal) that support customers' calibration workflows and assets.

Profitability is primarily tied to the Service segment’s calibration and related work, which includes workflow software (CalTrak) and online support, while Distribution is smaller and, in the provided snapshot, shows no segment operating income.

Revenue by segment (latest quarter)
Service$0.1B
Distribution$0.0B

Business quality (Mixed): Clear two-segment model (Service and Distribution) with defined service offerings and proprietary workflow tools, but the provided snapshot shows very thin operating profitability (operating margin near 0%), and segment-level operating income is shown as 0.0 for both segments.

Valuation: At 148× earnings, TRNS trades 147% above the Measuring & Control Equipment average (60×). Note: one-time items can distort reported P/E.

Bull case

  • Service platform with embedded software and workflow tools: The Service segment provides calibration and related services and also includes CalTrak (document and asset management software) and an online customer portal to integrate and manage calibration service center workflows.
  • Service revenue is the larger contributor within the two segments: In the provided period, Service segment revenue is higher than Distribution segment revenue (0.06B vs 0.03B).
  • Training pipeline metrics are tracked: Transcat reports Calibration Training Center trainees completed (48) and trainees in field (46), which indicates it measures workforce capacity for its calibration services.

Bear case

  • Low operating profitability in the provided snapshot: Consolidated operating margin is 0.1%, and segment operating income is shown as 0.0 for both Service and Distribution in the provided segment candidates.
  • Service gross profit headwind: The operational KPI set includes “Service Segment Gross Profit Decline” of 8.0%.
  • Concentration in highly regulated Life Science end markets: The operational KPI set includes “Service Business Mix From Highly Regulated Life Science Sector” at 60.0%, which creates end-market concentration risk.
Valuation — source: SEC EDGAR (first-party)
Price$91.42
Market Cap$853.93M
P/E Ratio569.7
EV / EBITDA18.8
Price / Book2.82
Price / Sales2.50
FCF Yield3.4%
DCF Value (model)$70.05
DCF Upside vs Price-23.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$331.88M
Net Margin1.6%
Revenue Growth (YoY)19.2%
EPS Growth (YoY)-63.3%
FCF Growth (YoY)-24.2%
Financial Health — source: SEC EDGAR
Altman Z-Score4.05 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E569.7
Sector P/E (Technology)33.9
Industry P/E (Measuring & Control Equipment)51.8
vs Sector1578.9%
vs Industry998.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderNEUBERGER BERMAN GROUP LLC ($60.65M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryMeasuring & Control Equipment
CEOLee D. Rudow
Employees1,104
CountryUS
IPO Date1977-12-05

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TRNS earnings history · TRNS institutional & insider holders · TRNS KPIs & operating metrics · TRNS financials · TRNS investor presentations & press releases · TRNS SEC filings · TRNS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.