TRNS
Transcat, Inc.
TRNS's outlook is improving despite an expensive valuation.
VRT
Vertiv Holdings Co
VRT has the edge over TRNS overall, supported by stronger valuation and stronger fundamentals.
TRNS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Stable |
TRNS's revenue is currently healthy, and its profitability, cash flow and balance sheet are stable.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over TRNS in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
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's earnings per share have fallen from their peak: $0.47 over the past year, against $2.02 in late 2024.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over TRNS on earnings, with more consistent year-over-year improvement.
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's operating margin was 5.2% last quarter, up 0.9 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over TRNS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over TRNS on profitability, with a higher operating margin.
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 generated $23M in free cash flow over the past year, down 8.6% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over TRNS on cash flow, with more consistent year-over-year improvement.
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 10M diluted shares, up 1.6% from a year ago.
| 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 |
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over TRNS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over TRNS on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
TRNS PE vs Industrials Sector
| Metric | TRNS | Sector median | Relative |
|---|---|---|---|
| PE | 226x | 24x | 841% above |
| PE % | 97 | 58 | 39 pts above |
TRNS is trading at 226x earnings, a 841% premium to the Industrials sector's median of 24x.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT has the edge over TRNS on valuation relative to its sector.
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 VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
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 VRT on returns for 2026, with the stronger performance.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT's yearly returns have swung widely, from +275% in 2023 to −48% in 2022. It's up 25% so far in 2026.