TRANSCAT INC (TRNS)
Industrials · Calibration services and industrial instrument distribution · NASDAQ
Transcat delivers accredited calibration, asset management, and compliance services plus equipment distribution to highly regulated life sciences, aerospace, and industrial customers through 33+ service centers and a proprietary CMMS platform.
What TRANSCAT INC does
Transcat is a leading provider of accredited calibration, maintenance, validation, and compliance services, along with a CMMS platform and pipette services, primarily serving highly regulated life sciences, aerospace & defense, and energy/utilities industries. The company operates through two segments: Service, which includes calibration service centers and asset management solutions; and Distribution, which sells and rents over 75,000 test and measurement instruments from approximately 400 brands globally. The Service segment leverages proprietary platforms like CalTrak® and C3® to deliver flexible onsite, mobile, and in-house calibration and related services across 33+ calibration service centers in the US, Canada, Ireland, and Costa Rica.
Themes: ["Calibration and metrology services","Life sciences / pharmaceutical compliance","Asset management and maintenance optimization","FDA-regulated industries","Quality assurance and compliance","Equipment distribution and rental","Aerospace and defense services"]
Fundamentals
- Price$88.35 as of 2026-07-09 close
- Market cap$825M as of 2026-07-10
- 1-year return+2.8% as of 2026-07-09 close
- P/E153.47 as of 2026-07-10
- Net margin+1.6% as of 2026-07-10
- Gross margin+32.6% as of 2026-07-10
- ROE+1.8% as of 2026-07-10
- Debt / equity0.33 as of 2026-07-10
- Revenue growth (YoY)+19.2% as of 2026-07-10
- Revenue CAGR (3y)+12.9% SEC XBRL
- Beta0.68 as of 2026-07-10
Key risks (from latest filing)
["Heavy dependence on highly regulated industries (life sciences, aerospace & defense) which face cyclical demand and regulatory changes that could impact customer spending on calibration and compliance services","Significant acquisition strategy with elevated debt levels (long-term debt of $99.9M as of December 2025) to fund inorganic growth, creating refinancing and integration risks","Thin net margins (1.62% as of July 2026) despite revenue growth, indicating operational leverage challenges and sensitivity to cost inflation in labor-intensive calibration services"]
Competitors & peers
- Airgas (AWK – now a Mizuho subsidiary, private)
- FLIR Systems
- Sensormatic Electronics
- Esterline Technologies
- Fortive Corporation (diversified industrial instruments and services)
- Danaher Corporation (calibration and life sciences services)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.