TRNS
Transcat, Inc.
Industrial - Distribution
Market Cap$852M
5Y Perf.+252.9%
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Side-by-side financial analysisTRNS
SPXC
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Stock Comparison
TRNS vs SPXC
Revenue, margins, valuation, and 5-year total return — side by side.
SPXC
SPX Technologies, Inc.
Industrial - Machinery
Market Cap$11.54B
5Y Perf.+459.1%
TRNS vs SPXC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot |  TRNS |  SPXC |
|---|---|---|
| Industry | Industrial - Distribution | Industrial - Machinery |
| Market Cap | $852M | $11.54B |
| Revenue (TTM) | $333M | $2.35B |
| Net Income (TTM) | $7M | $254M |
| Gross Margin | 32.6% | 37.7% |
| Operating Margin | 4.1% | 16.9% |
| Forward P/E | 51.9x | 28.7x |
| Total Debt | $129M | $498M |
| Cash & Equiv. | $5M | $364M |
TRNS vs SPXC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
TRNS
SPXC
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| Transcat, Inc. (TRNS) | 100 | 352.9 | +252.9% |
| SPX Technologies, I… (SPXC) | 100 | 559.1 | +459.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TRNS vs SPXC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: SPXC leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Transcat, Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
🥇SPXC emerged as the overall leader. Track its performance:
TRNS
Transcat, Inc.
The Income Pick
TRNS is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 1.35
- Rev growth 19.2%, EPS growth -63.7%, 3Y rev CAGR 12.9%
- Lower volatility, beta 1.35, Low D/E 42.9%, current ratio 2.33x
Best for: income & stability and growth exposure
SPXC
SPX Technologies, Inc.
The Long-Run Compounder
SPXC carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 14.3% 10Y total return vs TRNS's 7.7%
- Lower P/E (28.7x vs 51.9x)
- 10.8% margin vs TRNS's 2.0%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth |  TRNS | 19.2% revenue growth vs SPXC's 14.2% |
| Value |  SPXC | Lower P/E (28.7x vs 51.9x) |
| Quality / Margins | SPXC | 10.8% margin vs TRNS's 2.0% |
| Stability / Safety | TRNS | Beta 1.35 vs SPXC's 1.38 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | SPXC | +44.9% vs TRNS's +17.9% |
| Efficiency (ROA) | SPXC | 7.1% ROA vs TRNS's 1.4%, ROIC 13.4% vs 2.6% |
TRNS vs SPXC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2023
TRNS vs SPXC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLSPXCLAGGINGTRNS
TRNSTranscat, Inc.
1leads
SPXCSPX Technologies, Inc.
3leads
6 Total Categories
CATEGORYLEADERvs TRNSMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
SPXC6/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
SPXC6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
SPXC5/6
Risk & VolatilityBeta, volatility, and downside exposure
TRNS2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
SPXC leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SPXC is the larger business by revenue, generating $2.3B annually — 7.1x TRNS's $333M. SPXC is the more profitable business, keeping 10.8% of every revenue dollar as net income compared to TRNS's 2.0%.
| Metric | TRNSTranscat, Inc. | SPXCSPX Technologies,… |
|---|---|---|
| RevenueTrailing 12 months | $333M | $2.3B |
| EBITDAEarnings before interest/tax | $40M | $492M |
| Net IncomeAfter-tax profit | $7M | $254M |
| Free Cash FlowCash after capex | $20M | $385M |
| Gross MarginGross profit ÷ Revenue | +32.6% | +37.7% |
| Operating MarginEBIT ÷ Revenue | +4.1% | +16.9% |
| Net MarginNet income ÷ Revenue | +2.0% | +10.8% |
| FCF MarginFCF ÷ Revenue | +5.9% | +16.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.8% | +17.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -56.3% | +8.2% |
SPXC leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
Evenly matched — TRNS and SPXC each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 45.5x trailing earnings, SPXC trades at a 72% valuation discount to TRNS's 160.1x P/E. On an enterprise value basis, SPXC's 23.2x EV/EBITDA is more attractive than TRNS's 24.8x.
| Metric | TRNSTranscat, Inc. | SPXCSPX Technologies,… |
|---|---|---|
| Market CapShares × price | $852M | $11.5B |
| Enterprise ValueMkt cap + debt − cash | $976M | $11.7B |
| Trailing P/EPrice ÷ TTM EPS | 160.11x | 45.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 51.85x | 28.68x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.39x |
| EV / EBITDAEnterprise value multiple | 24.76x | 23.18x |
| Price / SalesMarket cap ÷ Revenue | 2.57x | 5.10x |
| Price / BookPrice ÷ Book value/share | 2.83x | 4.99x |
| Price / FCFMarket cap ÷ FCF | 43.60x | 47.86x |
Evenly matched — TRNS and SPXC each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
SPXC leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
SPXC delivers a 12.4% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $2 for TRNS. SPXC carries lower financial leverage with a 0.22x debt-to-equity ratio, signaling a more conservative balance sheet compared to TRNS's 0.43x.
| Metric | TRNSTranscat, Inc. | SPXCSPX Technologies,… |
|---|---|---|
| ROE (TTM)Return on equity | +2.2% | +12.4% |
| ROA (TTM)Return on assets | +1.4% | +7.1% |
| ROICReturn on invested capital | +2.6% | +13.4% |
| ROCEReturn on capital employed | +3.3% | +14.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.43x | 0.22x |
| Net DebtTotal debt minus cash | $124M | $134M |
| Cash & Equiv.Liquid assets | $5M | $364M |
| Total DebtShort + long-term debt | $129M | $498M |
| Interest CoverageEBIT ÷ Interest expense | 2.81x | 10.50x |
SPXC leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
SPXC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SPXC five years ago would be worth $38,893 today (with dividends reinvested), compared to $16,632 for TRNS. Over the past 12 months, SPXC leads with a +44.9% total return vs TRNS's +17.9%. The 3-year compound annual growth rate (CAGR) favors SPXC at 39.9% vs TRNS's -0.3% — a key indicator of consistent wealth creation.
| Metric | TRNSTranscat, Inc. | SPXCSPX Technologies,… |
|---|---|---|
| YTD ReturnYear-to-date | +59.7% | +13.2% |
| 1-Year ReturnPast 12 months | +17.9% | +44.9% |
| 3-Year ReturnCumulative with dividends | -1.0% | +173.6% |
| 5-Year ReturnCumulative with dividends | +66.3% | +288.9% |
| 10-Year ReturnCumulative with dividends | +769.1% | +1434.7% |
| CAGR (3Y)Annualised 3-year return | -0.3% | +39.9% |
SPXC leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
TRNS leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TRNS is the less volatile stock with a 1.35 beta — it tends to amplify market swings less than SPXC's 1.38 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TRNS currently trades 96.3% from its 52-week high vs SPXC's 93.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TRNSTranscat, Inc. | SPXCSPX Technologies,… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.35x | 1.38x |
| 52-Week HighHighest price in past year | $94.76 | $246.68 |
| 52-Week LowLowest price in past year | $50.23 | $152.79 |
| % of 52W HighCurrent price vs 52-week peak | +96.3% | +93.3% |
| RSI (14)Momentum oscillator 0–100 | 62.7 | 61.8 |
| Avg Volume (50D)Average daily shares traded | 155K | 561K |
TRNS leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates TRNS as "Buy" and SPXC as "Buy". Consensus price targets imply 35.4% upside for TRNS (target: $124) vs 9.5% for SPXC (target: $252).
| Metric | TRNSTranscat, Inc. | SPXCSPX Technologies,… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $123.60 | $252.00 |
| # AnalystsCovering analysts | 10 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
SPXC leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TRNS leads in 1 (Risk & Volatility). 1 tied.
Best OverallSPX Technologies, Inc. (SPXC)Leads 3 of 6 categories
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TRNS vs SPXC: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TRNS or SPXC a better buy right now?
For growth investors, Transcat, Inc.
(TRNS) is the stronger pick with 19. 2% revenue growth year-over-year, versus 14. 2% for SPX Technologies, Inc. (SPXC). SPX Technologies, Inc. (SPXC) offers the better valuation at 45. 5x trailing P/E (28. 7x forward), making it the more compelling value choice. Analysts rate Transcat, Inc. (TRNS) a "Buy" — based on 10 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TRNS or SPXC?
On trailing P/E, SPX Technologies, Inc.
(SPXC) is the cheapest at 45. 5x versus Transcat, Inc. at 160. 1x. On forward P/E, SPX Technologies, Inc. is actually cheaper at 28. 7x.
03Which is the better long-term investment — TRNS or SPXC?
Over the past 5 years, SPX Technologies, Inc.
(SPXC) delivered a total return of +288. 9%, compared to +66. 3% for Transcat, Inc. (TRNS). Over 10 years, the gap is even starker: SPXC returned +1435% versus TRNS's +769. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TRNS or SPXC?
By beta (market sensitivity over 5 years), Transcat, Inc.
(TRNS) is the lower-risk stock at 1. 35β versus SPX Technologies, Inc. 's 1. 38β — meaning SPXC is approximately 2% more volatile than TRNS relative to the S&P 500. On balance sheet safety, SPX Technologies, Inc. (SPXC) carries a lower debt/equity ratio of 22% versus 43% for Transcat, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — TRNS or SPXC?
By revenue growth (latest reported year), Transcat, Inc.
(TRNS) is pulling ahead at 19. 2% versus 14. 2% for SPX Technologies, Inc. (SPXC). On earnings-per-share growth, the picture is similar: SPX Technologies, Inc. grew EPS 17. 9% year-over-year, compared to -63. 7% for Transcat, Inc.. Over a 3-year CAGR, SPXC leads at 15. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TRNS or SPXC?
SPX Technologies, Inc.
(SPXC) is the more profitable company, earning 10. 8% net margin versus 1. 6% for Transcat, Inc. — meaning it keeps 10. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SPXC leads at 16. 8% versus 4. 0% for TRNS. At the gross margin level — before operating expenses — SPXC leads at 36. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is TRNS or SPXC more undervalued right now?
On forward earnings alone, SPX Technologies, Inc.
(SPXC) trades at 28. 7x forward P/E versus 51. 9x for Transcat, Inc. — 23. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TRNS: 35. 4% to $123. 60.
08Which pays a better dividend — TRNS or SPXC?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is TRNS or SPXC better for a retirement portfolio?
For long-horizon retirement investors, SPX Technologies, Inc.
(SPXC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1435% 10Y return). Both have compounded well over 10 years (SPXC: +1435%, TRNS: +769. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between TRNS and SPXC?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: TRNS is a small-cap high-growth stock; SPXC is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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