Transcat, Inc. TRNS

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
47/100
Developing

Ranked against 20 peers in Industrial Distribution

About Transcat, Inc.

Transcat, Inc. provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services. This segment also provides CalTrak, a proprietary document and asset management system that is used to manage the workflow of its … Full TRNS analysis →

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.95), suggesting sticky customer base.
  • Cash Generation Consistent Cash generation is consistent (score 0.79), indicating reliable business model.

Key risks

  • Below-Peer Operating Efficiency Operating margin at 31.6th percentile indicates below-peer efficiency.
  • ROIC Below WACC or Peers ROIC at 21.1th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
46
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where TRNS ranks in Industrial Distribution

Transcat, Inc. ranks #11 of 21 scored companies in Industrial Distribution by moat score — the top 52%. The widest moat in the group is Fastenal Company (FAST) at 91/100.

# Company Moat score Rating
7 Core & Main, Inc. CNM 59/100 Moderate
8 MSC Industrial Direct Company, MSM 56/100 Moderate
9 Global Industrial Company GIC 56/100 Moderate
10 DXP Enterprises, Inc. DXPE 52/100 Moderate
11 Transcat, Inc. TRNS 47/100 Developing
12 Pool Corporation POOL 46/100 Developing
13 EVI Industries, Inc. EVI 44/100 Developing
14 SiteOne Landscape Supply, Inc. SITE 44/100 Developing
15 WESCO International, Inc. WCC 43/100 Developing

See every General Corporate company ranked by moat score →

How TRNS scores on the Corporate Default defenses

Pricing Power

Score 46 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 22 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 87 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 37 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 43 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 43 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TRNS's moat

What is Transcat, Inc.'s moat score?

Transcat, Inc. (TRNS) scores 47 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #11 of 21 scored companies in Industrial Distribution, the top 52%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 20 companies in Industrial Distribution. Its strongest defense is Customer Stickiness (87/100) and its weakest is Cost Advantage (22/100).

How does Transcat, Inc. compare with other Industrial Distribution companies?

Transcat, Inc. ranks #11 of 21 scored companies in Industrial Distribution by moat score. The widest moat in Industrial Distribution is Fastenal Company (FAST) at 91/100. The companies ranked closest are DXP Enterprises, Inc. (DXPE) at 52 just above it and Pool Corporation (POOL) at 46 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 20 companies in Industrial Distribution. The defenses are then weighted to produce the overall score out of 100.

Why is Transcat, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Transcat, Inc.?

The Corporate Default template measures 6 defenses, and TRNS scores: Pricing Power (46), Cost Advantage (22), Customer Stickiness (87), Capital Efficiency (37), Resilience (43), Scale & Market Position (43). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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