NASDAQ$TRNS

Transcat Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Transcat reported Q4 results with strong revenue growth driven by its calibration services, despite a decline in net income and operating income.

Transcat's Q4 2025 performance showed growth in consolidated and service revenues, but net and operating income declined due to increased expenses from acquisitions and incentives.

  • Q4 revenue rose to $77.1 million, an 8.8% increase year-over-year.
  • Service segment revenue grew 11.3%, supported by acquisitions and automation productivity.
  • Adjusted EBITDA increased 9.1% to $12.7 million.
  • Net income declined 35.2% to $4.5 million due to higher operating expenses.

Headline financials

Total Revenue

$77.1M

Previous: $70.9M+8.8%
EPS (adj)

$0.64

Previous: $0.66-3.0%
Gross Margin

33.6%

Previous: 33.9%-0.9%
Adjusted EBITDA

$12.7M

Previous: $11.7M+9.1%
Service Gross Margin

36.2%

Previous: 35.7%+1.4%
Leverage Ratio

0.78

Previous: 0.1+680.0%
Net Income

$4.46M

Previous: $5.4M-17.3%
Operating Income

$6.94M

Previous: $9.2M-24.6%
Gross Profit

$25.9M

Previous: $24M+8.0%

Revenue & EPS history

Transcat · Revenue · Quarterly

$77.1M

Q4 2025+8.8%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Transcat · $89.3M total across 2 segments · Q4 2026

  • Service
    $61.6M
  • Distribution
    $27.8M

Forward guidance

Transcat expects its resilient business model, regulatory-driven demand, and automation strategy to support long-term growth despite economic volatility.

Tailwinds

  • Continued automation expected to improve productivity and margins.
  • Strategic acquisitions driving service revenue growth.
  • Resilient demand from regulated industries like FDA, FAA, DoD.
  • Strong balance sheet with low leverage supports growth.
  • Recurring revenue base with Fortune 500 clients.

Headwinds

  • Economic volatility may exert pressure on revenue.
  • Tariff-related uncertainty poses risks to operations.
  • Service organic growth impacted by one less week in FY25.
  • Distribution gross margin declined due to sales mix.
  • Operating expenses increased from acquisitions and incentives.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.8%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+3.7%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+16.9%

Q4 2013

Best reaction

-17.0%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026+8.9%+26.0%+11.6%
Q2 2026-11.5%-21.6%-24.3%
Q1 2026+2.7%+6.6%+0.3%
Q4 2025+15.7%+12.5%-0.1%
Q3 2025-12.7%-22.3%-18.5%
Q2 2025-17.0%-20.3%-12.3%
Q1 2025-16.5%-23.1%-13.8%
Q4 2024+15.2%+9.3%-1.5%
Q3 2024+10.9%+15.1%+5.7%
Q2 2024-1.6%-5.4%+7.6%
Q1 2024+4.5%+7.4%+22.7%
Q4 2023+4.8%+1.5%+3.4%
Q3 2023+2.6%+6.7%+9.4%
Q2 2023-12.2%-9.8%-2.6%
Q1 2023+8.8%+16.6%+18.9%
Q4 2022-2.8%-0.1%-6.8%
Q3 2022-12.9%-21.3%-17.6%
Q2 2022+11.4%+18.8%+18.7%
Q1 2022+4.0%+5.3%+9.9%
Q4 2021+15.8%+17.9%+14.0%
Q3 2021+8.7%+14.7%+21.3%
Q2 2021+8.5%+12.4%+14.8%
Q1 2021+1.9%+8.5%+11.2%
Q4 2020+0.4%-6.7%-9.2%
Q3 2020+0.4%+5.2%+0.5%
Q2 2020+9.5%+12.6%+20.2%
Q1 2020-1.1%-1.8%-6.8%
Q4 2019+4.5%+3.7%+8.8%
Q3 2019+1.1%+2.7%-0.3%
Q2 2019+2.4%+1.5%+0.5%
Q1 2019-4.6%-0.9%+6.8%
Q4 2018+4.9%+6.5%+21.9%
Q3 2018+8.6%+8.2%+7.9%
Q2 2018-1.5%-2.7%+0.6%
Q1 2018-0.4%+0.0%-1.9%
Q4 2017-4.5%-2.8%-3.2%
Q3 2017+10.3%+4.3%+10.2%
Q2 2017+2.3%+2.7%+6.2%
Q1 2017+1.0%+4.2%+9.5%
Q4 2016-6.9%
Q3 2016-1.3%
Q2 2016-4.5%
Q1 2016+2.1%
Q4 2015+1.5%
Q3 2015-3.0%
Q2 2015+4.5%
Q1 2015-8.9%
Q4 2014-3.0%
Q3 2014-8.1%
Q2 2014-3.9%
Q1 2014+5.9%
Q4 2013+16.9%
Q3 2013+7.8%
Q2 2013-1.7%
Q1 2013-0.8%
Q4 2010+1.9%
Q4 2012-2.7%
Q3 2011-7.7%
Q3 2012+1.0%
Q2 2012+0.0%
Q1 2011+1.1%
Q2 2011+1.1%
Q4 2011+1.1%
Q1 2012-10.1%

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