Transcat, Inc. (TRNS) Income Statement
TRNS FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsTRNS revenue and net income
Where TRNS's revenue goes
FY2026Each bar shows an amount and its share of revenue. TRNS kept 1.6% of revenue as net income.
TRNS profit margins
TRNS growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| 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) | −19.2% | −0.4% | +11.4% | +12.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TRNS quarterly EPS vs estimates
Transcat beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.41).
TRNS income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $331.9M | $278.4M | $259.5M | $230.6M | $205.0M | $173.3M | $173.1M | $160.9M | $155.1M | $143.9M |
| Cost of revenue | $223.6M | $189.0M | $175.7M | $162.2M | $146.5M | $127.2M | $130.6M | $121.6M | $117.7M | $108.9M |
| Gross profit | $108.3M | $89.5M | $83.8M | $68.4M | $58.4M | $46.1M | $42.5M | $39.3M | $37.4M | $35.0M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $95.0M | $71.6M | $64.0M | $52.1M | $44.3M | $35.0M | $31.6M | $29.1M | $28.4M | $27.0M |
| Total operating expenses | $95.0M | $71.6M | $64.0M | $52.1M | $44.3M | $35.0M | $31.6M | $29.1M | $28.4M | $27.0M |
| Operating income | $13.3M | $17.9M | $19.8M | $16.2M | $14.1M | $11.1M | $10.8M | $10.2M | $9.0M | $7.9M |
| Interest income | $23,000 | $825,000 | $808,000 | $0 | $0 | — | — | — | $1.0M | — |
| Interest expense | $5.3M | $798,000 | $1.8M | $2.4M | $810,000 | $1.1M | $1.1M | $994,000 | $1.1M | $770,000 |
| Income before taxes | $8.0M | $18.3M | $18.4M | $13.5M | $13.2M | $10.0M | $9.7M | $9.2M | $7.9M | $7.2M |
| Income taxes | $2.6M | $3.8M | $4.8M | $2.8M | $1.8M | $2.2M | $1.7M | $2.1M | $2.0M | $2.6M |
| Net income | $5.4M | $14.5M | $13.6M | $10.7M | $11.4M | $7.8M | $8.1M | $7.1M | $5.9M | $4.5M |
| EBITDA | $38.8M | $37.7M | $33.8M | $26.9M | $23.6M | $18.7M | $17.5M | $16.6M | $15.0M | $14.1M |
| EPS (diluted) | $1.85 | $2.29 | $2.31 | $1.87 | $1.51 | $1.08 | $1.08 | $0.95 | $0.71 | $0.62 |
| Gross margin | 32.6% | 32.1% | 32.3% | 29.6% | 28.5% | 26.6% | 24.5% | 24.5% | 24.1% | 24.3% |
| Operating margin | 4.0% | 6.4% | 7.6% | 7.0% | 6.9% | 6.4% | 6.3% | 6.4% | 5.8% | 5.5% |
| Net margin | 1.6% | 5.2% | 5.3% | 4.6% | 5.6% | 4.5% | 4.7% | 4.4% | 3.8% | 3.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.9M | $89.3M | $83.9M | $82.3M | $77.1M | $77.1M | $67.8M | $67.8M | $66.7M | $70.9M | $65.2M | $62.8M |
| Cost of revenue | $62.2M | $58.9M | $58.6M | $55.5M | $51.2M | $51.2M | $46.6M | $46.6M | $44.1M | $46.9M | $44.2M | $42.7M |
| Gross profit | $30.7M | $30.5M | $25.3M | $26.8M | $25.9M | $25.9M | $21.2M | $21.2M | $22.7M | $24.0M | $20.9M | $20.1M |
| Sales, general & admin | $27.0M | $27.6M | $25.2M | $23.3M | $19.0M | $19.0M | $17.5M | $17.5M | $17.6M | $14.8M | $16.6M | $18.5M |
| Total operating expenses | $27.0M | $27.2M | $25.2M | $23.3M | $19.0M | $19.0M | $17.5M | $17.5M | $17.6M | $14.8M | $16.6M | $18.5M |
| Operating income | $3.7M | $3.2M | $88,000 | $3.5M | $6.9M | $6.9M | $3.7M | $3.7M | $5.1M | $9.2M | $4.3M | $1.6M |
| Interest income | $3,000 | $4,000 | $3,000 | $5,000 | $11,000 | $8,000 | $219,000 | $286,000 | $312,000 | $461,000 | $347,000 | $0 |
| Interest expense | $1.5M | $1.5M | $1.5M | $1.3M | $471,000 | $471,000 | $76,000 | $76,000 | $52,000 | $50,000 | $81,000 | $890,000 |
| Income before taxes | $2.2M | $2.8M | −$1.4M | $2.0M | $6.3M | $6.3M | $3.7M | $3.7M | $5.2M | $9.6M | $4.3M | $802,000 |
| Income taxes | $854,000 | $887,000 | −$338,000 | $760,000 | $1.8M | $1.8M | $427,000 | $427,000 | $820,000 | $2.7M | $923,000 | $342,000 |
| Net income | $1.3M | $1.9M | −$1.1M | $1.3M | $4.5M | $4.5M | $3.3M | $3.3M | $4.4M | $6.9M | $3.3M | $460,000 |
| EBITDA | $10.7M | $11.3M | $7.2M | $9.8M | $12.3M | $12.4M | $8.2M | $8.2M | $9.4M | $13.4M | $8.1M | $8.3M |
| EPS (diluted) | $0.51 | $0.56 | $0.26 | $0.44 | $0.59 | $0.64 | $0.45 | $0.52 | $0.68 | $0.77 | $0.56 | $0.60 |
| Gross margin | 33.1% | 34.1% | 30.1% | 32.5% | 33.6% | 33.6% | 31.3% | 31.3% | 34.0% | 33.9% | 32.1% | 32.0% |
| Operating margin | 4.0% | 3.6% | 0.1% | 4.3% | 9.0% | 9.0% | 5.5% | 5.5% | 7.6% | 13.0% | 6.6% | 2.6% |
| Net margin | 1.4% | 2.2% | −1.3% | 1.5% | 5.8% | 5.8% | 4.8% | 4.8% | 6.6% | 9.7% | 5.1% | 0.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TRNS's financial statements (latest annual report filed May 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TRNS financial results
In fiscal year 2026 (ended March 31, 2026), Transcat reported revenue of $331.9 million, up 19.2% from the year before. It had net income of $5.4 million (down 63.0%), a net profit margin of 1.6%. Diluted earnings per share came to $1.85. Over five years revenue grew at an average rate of 13.9% a year.
See the TRNS stock overview for the latest quote and news, or the TRNS chart for price history and technical indicators.
TRNS income statement FAQ
What is Transcat's annual revenue?
Transcat reported total revenue of $331.9 million for fiscal year 2026, which ended on March 31, 2026. That was up 19.2% from $278.4 million the previous year.
Is Transcat profitable?
Yes. Transcat reported net income of $5.4 million in fiscal 2026, a net profit margin of 1.6%; its operating margin was 4.0%.
What is Transcat's gross margin?
Transcat's gross margin was 32.6% in fiscal 2026: for every $100 of revenue, Transcat kept $33 after the direct cost of its products and services.
How fast is Transcat growing?
Revenue grew 13.9% a year on average over the last five fiscal years, from $173.3 million to $331.9 million.
What are Transcat's earnings per share?
Transcat earned $1.85 per diluted share in fiscal 2026, compared with $2.29 a year earlier.
When will Transcat report its next earnings?
Transcat is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Transcat's fiscal year end?
Transcat's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 27, 2026.