Transcat (TRNS)
Market Price (5/7/2026): $75.16 | Market Cap: $701.2 MilSector: Information Technology | Industry: Electronic Equipment & Instruments
Transcat (TRNS)
Market Price (5/7/2026): $75.16Market Cap: $701.2 MilSector: Information TechnologyIndustry: Electronic Equipment & Instruments
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Low stock price volatilityVol 12M is 48% Megatrend and thematic driversMegatrends include Automation & Robotics, Advanced Aviation & Space, and Hydrogen Economy. Themes include Factory Automation, Show more. | Weak multi-year price returns2Y Excs Rtn is -77%, 3Y Excs Rtn is -80% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 89x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.9% Key risksTRNS key risks include [1] high debt and integration challenges stemming from its aggressive acquisition strategy. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Advanced Aviation & Space, and Hydrogen Economy. Themes include Factory Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -77%, 3Y Excs Rtn is -80% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 89x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.9% |
| Key risksTRNS key risks include [1] high debt and integration challenges stemming from its aggressive acquisition strategy. |
Qualitative Assessment
AI Analysis | Feedback
1. Strong Q3 Fiscal Year 2026 Financial Performance. Transcat reported robust consolidated revenue growth of 26% year-over-year to $83.9 million in its Q3 FY2026 earnings, announced on February 3, 2026. This growth was fueled by double-digit increases in both its Service (29% year-over-year, including 7% organic growth) and Distribution (20% year-over-year) segments, contributing to a 27.2% rise in Adjusted EBITDA to $10.1 million. This positive financial report led to an 11.5% increase in TRNS shares the day following the announcement.
2. Strategic Acquisitions Driving Expansion. The company continued its inorganic growth strategy with the acquisition of SCM Metrology and Laboratories for $13 million on April 9, 2026, which expanded its presence into Latin America. This acquisition follows earlier strategic purchases such as Martin Calibration and Essco Calibration, which have contributed to the overall revenue growth of the company.
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Stock Movement Drivers
Fundamental Drivers
The 24.6% change in TRNS stock from 1/31/2026 to 5/6/2026 was primarily driven by a 79.4% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 60.31 | 75.16 | 24.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 303 | 320 | 5.7% |
| Net Income Margin (%) | 3.8% | 2.5% | -34.2% |
| P/E Multiple | 49.5 | 88.8 | 79.4% |
| Shares Outstanding (Mil) | 9 | 9 | -0.1% |
| Cumulative Contribution | 24.6% |
Market Drivers
1/31/2026 to 5/6/2026| Return | Correlation | |
|---|---|---|
| TRNS | 24.6% | |
| Market (SPY) | 3.6% | 38.5% |
| Sector (XLK) | 18.3% | 23.5% |
Fundamental Drivers
The 3.5% change in TRNS stock from 10/31/2025 to 5/6/2026 was primarily driven by a 75.4% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 72.65 | 75.16 | 3.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 288 | 320 | 10.9% |
| Net Income Margin (%) | 4.6% | 2.5% | -46.8% |
| P/E Multiple | 50.6 | 88.8 | 75.4% |
| Shares Outstanding (Mil) | 9 | 9 | -0.1% |
| Cumulative Contribution | 3.5% |
Market Drivers
10/31/2025 to 5/6/2026| Return | Correlation | |
|---|---|---|
| TRNS | 3.5% | |
| Market (SPY) | 5.5% | 36.7% |
| Sector (XLK) | 13.4% | 22.7% |
Fundamental Drivers
The -5.3% change in TRNS stock from 4/30/2025 to 5/6/2026 was primarily driven by a -60.3% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.33 | 75.16 | -5.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 272 | 320 | 17.4% |
| Net Income Margin (%) | 6.2% | 2.5% | -60.3% |
| P/E Multiple | 43.2 | 88.8 | 105.5% |
| Shares Outstanding (Mil) | 9 | 9 | -1.1% |
| Cumulative Contribution | -5.3% |
Market Drivers
4/30/2025 to 5/6/2026| Return | Correlation | |
|---|---|---|
| TRNS | -5.3% | |
| Market (SPY) | 30.4% | 29.9% |
| Sector (XLK) | 62.9% | 19.0% |
Fundamental Drivers
The -1.5% change in TRNS stock from 4/30/2023 to 5/6/2026 was primarily driven by a -45.0% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5062026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.29 | 75.16 | -1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 224 | 320 | 42.5% |
| Net Income Margin (%) | 4.5% | 2.5% | -45.0% |
| P/E Multiple | 57.2 | 88.8 | 55.2% |
| Shares Outstanding (Mil) | 8 | 9 | -19.0% |
| Cumulative Contribution | -1.5% |
Market Drivers
4/30/2023 to 5/6/2026| Return | Correlation | |
|---|---|---|
| TRNS | -1.5% | |
| Market (SPY) | 78.7% | 28.2% |
| Sector (XLK) | 130.2% | 21.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TRNS Return | 167% | -23% | 54% | -3% | -46% | 33% | 117% |
| Peers Return | 23% | -17% | 18% | 11% | 15% | 30% | 101% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 6% | 93% |
Monthly Win Rates [3] | |||||||
| TRNS Win Rate | 92% | 50% | 58% | 50% | 42% | 60% | |
| Peers Win Rate | 67% | 38% | 62% | 53% | 57% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| TRNS Max Drawdown | -3% | -44% | 0% | -13% | -51% | 0% | |
| Peers Max Drawdown | -5% | -37% | -12% | -11% | -24% | -8% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FTV, KEYS, AME, MKSI, BMI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/6/2026 (YTD)
How Low Can It Go
| Event | TRNS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.4% | -18.8% |
| % Gain to Breakeven | 21.1% | 23.1% |
| Time to Breakeven | 25 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.7% | -7.8% |
| % Gain to Breakeven | 11.9% | 8.5% |
| Time to Breakeven | 13 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -14.9% | -6.7% |
| % Gain to Breakeven | 17.4% | 7.1% |
| Time to Breakeven | 26 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.3% | -24.5% |
| % Gain to Breakeven | 76.5% | 32.4% |
| Time to Breakeven | 218 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.3% | -33.7% |
| % Gain to Breakeven | 54.6% | 50.9% |
| Time to Breakeven | 230 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.9% | -19.2% |
| % Gain to Breakeven | 21.8% | 23.7% |
| Time to Breakeven | 34 days | 105 days |
In The Past
Transcat's stock fell -17.4% during the 2025 US Tariff Shock. Such a loss loss requires a 21.1% gain to breakeven.
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| Event | TRNS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.3% | -24.5% |
| % Gain to Breakeven | 76.5% | 32.4% |
| Time to Breakeven | 218 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.3% | -33.7% |
| % Gain to Breakeven | 54.6% | 50.9% |
| Time to Breakeven | 230 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -42.0% | -53.4% |
| % Gain to Breakeven | 72.4% | 114.4% |
| Time to Breakeven | 185 days | 1085 days |
In The Past
Transcat's stock fell -17.4% during the 2025 US Tariff Shock. Such a loss loss requires a 21.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Transcat (TRNS)
AI Analysis | Feedback
Here are 1-3 brief analogies for Transcat (TRNS):
They're like a specialized Grainger for high-precision test and measurement equipment, with built-in calibration, maintenance, and compliance services.
Essentially the Intertek or Bureau Veritas for measurement devices, ensuring accuracy and regulatory compliance, but they also sell and rent the equipment.
Like Amazon Business for specialized industrial and scientific tools, but with an integrated 'Geek Squad' for calibration, maintenance, and compliance.
AI Analysis | Feedback
```html- Calibration and Instrument Services: Provides a comprehensive suite of services including calibration, repair, inspection, and preventative maintenance for laboratory and process instruments.
- Instrument Sales and Rental: Offers a wide selection of new and used test, measurement, and control instruments for sale and rent, including value-added services like equipment kitting.
- CalTrak Software: A proprietary document and asset management software used for integrating calibration service workflows and managing customer assets.
- Compliance, Control and Cost Portal: An online customer portal providing web-based asset management capabilities and secure archiving of calibration and service records.
AI Analysis | Feedback
Transcat, Inc. (TRNS) sells primarily to other companies in highly regulated industries. The provided information does not disclose specific major customer companies by name. However, it identifies the following categories of industries and types of companies within them as Transcat's major customers:
- Life Science: This includes companies in the pharmaceutical, biotechnology, medical device, and other FDA-regulated industries.
- Aerospace and Defense Industrial Manufacturing
- Oil and Gas and Alternative Energy
- Other Industries: Various other industries that require accuracy in processes and confirmation of the capabilities of their equipment.
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- Fortive Corporation (FTV)
- Keysight Technologies (KEYS)
- Honeywell (HON)
- Teledyne Technologies (TDY)
- Thermo Fisher Scientific (TMO)
- Mettler Toledo (MTD)
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Jaime Irick, President & Chief Executive Officer (effective March 29, 2026)
Mr. Irick most recently served as the Chief Executive Officer of The Pittsburgh Paints Company from December 2024 to February 2025, where he successfully led a $2 billion carve-out and transition from PPG Industries to private equity ownership. Prior to that, he held senior leadership roles at PPG Industries and General Electric, including as a GE Company Officer, from 2003 to 2016. He also served as a Field Artillery Officer in the U.S. Army.
Lee D. Rudow, President & Chief Executive Officer (retiring March 28, 2026)
Mr. Rudow joined Transcat in November 2011 as Chief Operating Officer, was appointed President in September 2012, and became Chief Executive Officer in July 2013. He brings over 35 years of experience in the calibration and distribution industry, having worked with startups, private equity-backed, and large industrial companies. His previous roles include Vice President at SIMCO Electronics, Inc., and President and CEO of Davis Calibration, Inc. and Davis Inotek Corp., as well as President of Davis Instruments Corp.
Thomas L. Barbato, Chief Financial Officer & Treasurer
Mr. Barbato has served as Chief Financial Officer and Treasurer of Transcat since August 2022, following his role as SVP Finance from January 2022. Before joining Transcat, he was the Chief Financial Officer of IEC Electronics from 2018 to 2021, a publicly traded company that was acquired by Creation Technologies. He also held various finance leadership positions during a 21-year career at Xerox Corporation, and previously worked as a Senior Auditor at Deloitte & Touche.
Michael West, Chief Operating Officer
Mr. West was appointed Chief Operating Officer in April 2024. Having been with Transcat for a decade, he has been instrumental in enhancing service productivity, integrating acquired businesses, and growing the company's pipette and rental businesses. He previously served as Senior Vice President of Operations.
Theresa A. Conroy, Chief Human Resources Officer
Ms. Conroy serves as the Chief Human Resources Officer. She is also listed as Senior Vice President - Human Resources.
AI Analysis | Feedback
The key risks to Transcat's business are:- Intense Competition: Transcat operates in a highly fragmented and competitive landscape across both its service and distribution segments. Major direct competitors include global calibration giants like Trescal and large instrument suppliers such as Keysight Technologies and Fortive. The competitive pressure is further intensified by private equity consolidation in the calibration market, leading to well-capitalized entities. This competition can impact market share, pricing power, and overall profitability.
- Acquisition Growth and Integration Risks: A significant part of Transcat's growth strategy relies on strategic acquisitions to consolidate smaller regional service providers. The success of this strategy is dependent on the ability to identify suitable acquisition targets, negotiate favorable terms, secure adequate financing, and effectively integrate the acquired businesses. Failure to execute successful acquisitions or integrate them seamlessly could hinder the company's growth prospects and impact financial performance.
- Labor Constraints and Talent Acquisition: Transcat requires a specialized workforce of qualified metrology technicians to deliver its calibration and laboratory instrument services. Training these technicians is a time-intensive process, taking months to years for full proficiency. An inability to attract, hire, or adequately train a sufficient number of skilled technicians could limit the company's capacity for growth and lead to increased wage inflation for this specialized labor pool, impacting service margins.
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Addressable Markets for Transcat (TRNS)
Transcat, Inc. operates in two primary segments: Service and Distribution. The company's main products and services include calibration and laboratory instrument services, the sale and rental of test, measurement, and control instruments, and proprietary asset management software.
Calibration Services
The global market for calibration services was estimated at approximately 6.90 billion USD in 2025 and is projected to reach 11.60 billion USD by 2035, growing at a compound annual growth rate (CAGR) of 5.33% from 2026 to 2035. Another estimate places the global market at 6.5 billion USD in 2025, anticipating growth to 9.4 billion USD by 2034 with a CAGR of 4.30% during 2026-2034. In North America, the calibration services market is expected to witness a CAGR of 4.5% during the forecast period of 2023-2030. Specifically, the U.S. calibration services market is projected to grow from 2.07 billion USD in 2025 to reach 3.48 billion USD by 2035. The U.S. market dominated the North America Calibration Services Market in 2022 and is projected to reach a market value of 1,653.7 million USD (approximately 1.65 billion USD) by 2030.
Test and Measurement Equipment
The global test and measurement equipment market size was estimated at 35.32 billion USD in 2025 and is projected to reach 50.63 billion USD by 2033, demonstrating a CAGR of 4.8% from 2026 to 2033. Another report valued the global market at 37.62 billion USD in 2025, with a projection to reach 58.66 billion USD by 2035, growing at a CAGR of 4.54% from 2026 to 2035. For the U.S. market, the size was valued at 8.27 billion USD in 2024 and is projected to grow at a CAGR of 5.0% from 2025 to 2030. Another estimate for the U.S. market indicates a value of 9.48 billion USD in 2024, expected to reach 11.79 billion USD by 2029 at a CAGR of 4.4%.
Industrial Asset Management Software (relevant to CalTrak and Compliance, Control and Cost)
The global industrial asset management (IAM) software market was valued at 7.5 billion USD in 2024 and is projected to grow at a CAGR of 15% to reach 17 billion USD in 2030. North America is set to lead this market, accounting for 32% of the spend in 2030.
AI Analysis | Feedback
Transcat (TRNS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:- Strong demand in highly regulated end markets: Transcat anticipates continued robust demand for its core calibration services, particularly within highly regulated industries such as life science, aerospace and defense, and energy. This consistent demand underpins organic service revenue growth.
- Expansion of the instrument rental channel: The company expects significant growth from its higher-margin instrument rental channel within the Distribution segment. This strategic focus is designed to contribute meaningfully to both revenue and gross margin expansion.
- Strategic acquisitions: Transcat actively pursues and integrates acquisitions to expand its geographic footprint, enhance technical capabilities, and add to both its service and distribution revenue streams. Recent examples include Martin Calibration, Essco Calibration, and Axiom Test Equipment.
- Consistent organic service growth: Management projects high single-digit to low double-digit organic growth in its service segment, driven by strong market share gains and ongoing customer demand for its specialized calibration services.
- Leveraging process improvement and automation: Transcat aims to enhance its service margins and operational efficiency through continuous process improvement and automation initiatives. These efforts are expected to support overall revenue growth by improving profitability and the capacity to serve more customers.
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Share Issuance
- Transcat's shares outstanding increased by 2.26% in one year.
- In April 2024, Transcat acquired Becnel Rental Tools LLC for $50 million, with $32.5 million of the purchase price paid in company stock.
- Over a five-year period, Transcat's shares outstanding showed a compound annual growth rate (CAGR) of 4.6%.
Outbound Investments
- Transcat acquired Essco Calibration Laboratory for $84 million in cash, effective August 5, 2025, marking its largest acquisition to date.
- In December 2024, Transcat acquired Martincalibration for $81.8 million, a provider of calibration and repair services.
- Other recent acquisitions include Becnel Rental Tools LLC for $50 million in April 2024, SteriQual for $4.25 million in July 2023, and NEXA | EAM for $22.5 million in September 2021.
Capital Expenditures
- Transcat's capital expenditures for fiscal year 2025 were consistent with the prior year, primarily focused on service segment capabilities, rental pool assets, technology, and future growth projects.
- The company anticipates net capital expenditures for fiscal year 2026 to be in the range of $14 million to $16 million.
- Capital expenditures in the last 12 months totaled approximately $14.40 million.
Latest Trefis Analyses
Trade Ideas
Select ideas related to TRNS.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 182.56 |
| Mkt Cap | 19.2 |
| Rev LTM | 4,334 |
| Op Inc LTM | 682 |
| FCF LTM | 763 |
| FCF 3Y Avg | 772 |
| CFO LTM | 861 |
| CFO 3Y Avg | 906 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.6% |
| Rev Chg 3Y Avg | 5.1% |
| Rev Chg Q | 11.0% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | 3.7% |
| Op Inc Chg 3Y Avg | 2.1% |
| Op Mgn LTM | 16.4% |
| Op Mgn 3Y Avg | 17.6% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 21.6% |
| CFO/Rev 3Y Avg | 21.5% |
| FCF/Rev LTM | 20.3% |
| FCF/Rev 3Y Avg | 19.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 19.2 |
| P/S | 4.5 |
| P/Op Inc | 31.5 |
| P/EBIT | 32.9 |
| P/E | 50.9 |
| P/CFO | 24.8 |
| Total Yield | 2.5% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.5% |
| 3M Rtn | 6.3% |
| 6M Rtn | 22.8% |
| 12M Rtn | 31.3% |
| 3Y Rtn | 46.6% |
| 1M Excs Rtn | -2.8% |
| 3M Excs Rtn | -0.8% |
| 6M Excs Rtn | 13.9% |
| 12M Excs Rtn | -0.4% |
| 3Y Excs Rtn | -25.9% |
Price Behavior
| Market Price | $75.16 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 03/27/1990 | |
| Distance from 52W High | -20.3% | |
| 50 Days | 200 Days | |
| DMA Price | $75.89 | $70.93 |
| DMA Trend | down | up |
| Distance from DMA | -1.0% | 6.0% |
| 3M | 1YR | |
| Volatility | 43.9% | 48.3% |
| Downside Capture | 0.63 | 0.40 |
| Upside Capture | 115.24 | 47.23 |
| Correlation (SPY) | 36.2% | 29.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.25 | 1.20 | 1.19 | 1.35 | 1.14 | 0.81 |
| Up Beta | 1.85 | 1.62 | 1.85 | 2.20 | 1.99 | 0.88 |
| Down Beta | 2.93 | 1.33 | 1.72 | 1.73 | 1.49 | 0.66 |
| Up Capture | 49% | 80% | 137% | 87% | 38% | 49% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 21 | 32 | 56 | 118 | 377 |
| Down Capture | -177% | 114% | 22% | 91% | 81% | 99% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 22 | 32 | 69 | 133 | 373 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRNS | |
|---|---|---|---|---|
| TRNS | -2.9% | 48.3% | 0.09 | - |
| Sector ETF (XLK) | 59.0% | 20.6% | 2.14 | 18.7% |
| Equity (SPY) | 28.5% | 12.5% | 1.78 | 29.8% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | 8.5% |
| Commodities (DBC) | 50.9% | 18.0% | 2.20 | 1.3% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 27.7% |
| Bitcoin (BTCUSD) | -14.2% | 42.1% | -0.25 | 16.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRNS | |
|---|---|---|---|---|
| TRNS | 8.9% | 43.5% | 0.33 | - |
| Sector ETF (XLK) | 20.1% | 24.8% | 0.72 | 30.2% |
| Equity (SPY) | 12.7% | 17.1% | 0.58 | 34.9% |
| Gold (GLD) | 21.0% | 17.9% | 0.96 | 6.0% |
| Commodities (DBC) | 13.9% | 19.1% | 0.60 | 3.7% |
| Real Estate (VNQ) | 3.5% | 18.8% | 0.09 | 30.3% |
| Bitcoin (BTCUSD) | 8.7% | 56.1% | 0.37 | 12.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRNS | |
|---|---|---|---|---|
| TRNS | 21.9% | 42.1% | 0.62 | - |
| Sector ETF (XLK) | 24.3% | 24.4% | 0.90 | 29.1% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 34.0% |
| Gold (GLD) | 13.7% | 16.0% | 0.71 | 4.5% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 7.7% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 31.9% |
| Bitcoin (BTCUSD) | 68.4% | 66.9% | 1.07 | 9.5% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/3/2026 | 11.5% | 25.9% | 18.2% |
| 11/3/2025 | -11.7% | -16.8% | -24.3% |
| 8/7/2025 | 2.7% | 10.2% | 0.3% |
| 5/20/2025 | -4.2% | -5.3% | -14.6% |
| 1/28/2025 | -12.7% | -22.1% | -16.2% |
| 10/29/2024 | -16.8% | -17.2% | -11.6% |
| 7/30/2024 | -13.5% | -19.9% | -7.4% |
| 5/21/2024 | 14.3% | 7.8% | -2.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 12 |
| # Negative | 9 | 11 | 11 |
| Median Positive | 6.2% | 11.3% | 14.3% |
| Median Negative | -12.7% | -10.1% | -10.8% |
| Max Positive | 17.9% | 25.9% | 21.1% |
| Max Negative | -16.8% | -22.6% | -24.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/27/2025 | 10-K |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/28/2024 | 10-K |
| 12/31/2023 | 01/31/2024 | 10-Q |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 06/06/2023 | 10-K |
| 12/31/2022 | 02/01/2023 | 10-Q |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 06/09/2022 | 10-K |
Recent Forward Guidance [BETA]
Latest: Q3 2026 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Service Organic Revenue Growth | 7.0% | -17.6% | -1.5% | Lowered | Guidance: 8.5% for 2026 | ||
Prior: Q2 2026 Earnings Reported 11/3/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Service Organic Revenue Growth | 7.0% | 8.5% | 10.0% | 21.4% | 1.5% | Raised | Guidance: 7.0% for 2026 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gillette, Christopher P | Direct | Sell | 5272025 | 119.95 | 456 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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