RDW
Redwire Corporation
RDW has the edge over TRNS overall, supported by stronger valuation and stronger fundamentals.
TRNS
Transcat, Inc.
TRNS has lower modeled downside risk, despite its lower overall score.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
TRNS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Stable |
TRNS's revenue is currently healthy, and its profitability, cash flow and balance sheet are stable.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
TRNS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 38x | $17.80 | -83% |
| Forward | 47x | $106 | — |
| Fair | 54x | $25.31 | -76% |
| Expensive | 83x | $39.15 | -63% |
| Current | 226x | $106 | — |
Historical ranges are pointers, not guarantees.
TRNS's PE is in its expensive range at 226x. If earnings grow as analysts expect, today's price would be 47x next year's earnings, in its cheap range.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
TRNS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TRNS, with profitability improving. However, they disagree widely on these estimates.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
TRNS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.27 | +383% |
| Q3 2026 | $0.47 | -62% |
| Q2 2026 | $0.36 | -75% |
| Q1 2026 | $0.57 | -64% |
| Q4 2025 | $0.86 | -54% |
| Q3 2025 | $1.23 | -39% |
| Q2 2025 | $1.44 | -17% |
| Q1 2025 | $1.57 | -3.7% |
| Q4 2024 | $1.89 | +45% |
TRNS has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
TRNS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $97.1M | +18% |
| Q2 2026 | $92.9M | +22% |
| Q1 2026 | $89.3M | +16% |
| Q4 2025 | $83.9M | +26% |
| Q3 2025 | $82.3M | +21% |
| Q2 2025 | $76.4M | +15% |
| Q1 2025 | $77.1M | +8.8% |
| Q4 2024 | $66.8M | +2.4% |
TRNS's revenue has grown year over year every quarter since late 2020: $97M last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.2% | +0.9 points |
| Q2 2026 | 4% | -3 points |
| Q1 2026 | 4.8% | -4.2 points |
| Q4 2025 | 0.1% | -3 points |
| Q3 2025 | 4.3% | -1.3 points |
| Q2 2025 | 7% | -0.7 points |
| Q1 2025 | 9% | -4 points |
| Q4 2024 | 3.1% | -3.4 points |
TRNS has the edge over RDW on profitability, with a higher operating margin.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
TRNS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.1M | -28% |
| Q2 2026 | $4.8M | +$5.8M |
| Q1 2026 | $2.6M | -67% |
| Q4 2025 | $9.5M | -2.7% |
| Q3 2025 | $8.4M | +194% |
| Q2 2025 | -$975K | -119% |
| Q1 2025 | $7.9M | +413% |
| Q4 2024 | $9.7M | +34% |
TRNS has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
TRNS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +74K shares |
| 1 year | +1.6% | +148K shares |
| 3 years | +20% | +1.6M shares |
| 5 years | +26% | +2M shares |
| Available history | +26% | +2M shares |
TRNS has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.9M |
| Q1 2026 | $372,000 |
| Q4 2025 | $13,000 |
| Q3 2025 | $110,000 |
| Q2 2025 | — |
| Q1 2025 | $357,000 |
| Q4 2024 | $182,000 |
| Q3 2024 | $1.4M |
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TRNS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.7x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.4x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 1.0x | Healthy |
TRNS's net debt is about 2.7 years of its operating earnings (EBITDA), about the same as a year ago.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
TRNS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.7 | Neutral |
| Stochastic | 62.5 | Neutral |
TRNS's weekly RSI is 69 (neutral) and its Stochastic is 62 (neutral).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
TRNS PE vs Industrials Sector
| Metric | TRNS | Sector median | Relative |
|---|---|---|---|
| PE | 226x | 24x | 840% above |
| PE % | 97 | 58 | 39 pts above |
TRNS is trading at 226x earnings, a 840% premium to the Industrials sector's median of 24x.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
TRNS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $90.1 | 18% above |
| 20 week MA | $88.9 | 20% above |
| 50 week MA | $79.4 | 34% above |
| 100 week MA | $79.9 | 33% above |
| 200 week MA | $91.5 | 16% above |
TRNS has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.
TRNS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.8 | $33.0 | +3.8% |
| 2021 | $33.0 | $92.9 | +181% |
| 2022 | $92.9 | $70.0 | -25% |
| 2023 | $70.0 | $109.3 | +56% |
| 2024 | $109.3 | $106.0 | -3% |
| 2025 | $106.0 | $58.9 | -44% |
| 2026 YTD | $58.9 | $106.3 | +81% |
TRNS has the edge over RDW on returns for 2026, with the stronger performance.