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Transcat vs Frequency Electronics: TRNS and FEIM compared
Transcat is the larger company: $97.1M of revenue in its latest quarter (Q2 FY27) against $23.5M for Frequency Electronics (Q1 FY27). Frequency Electronics is growing faster (+70% against +18% a year earlier). Frequency Electronics is more profitable, with an operating margin of 22.2% against 5.2%.
Where the money goes: TRNS and FEIM
Transcat (TRNS) · Q2 FY27
Transcat, Q2 FY27: revenue $97.1M (+18% year over year), operating margin 5.2%, net earnings $2.4M, operating cash flow $10.1M. The chart follows the revenue to costs, profit and cash.
Frequency Electronics (FEIM) · Q1 FY27
Frequency Electronics, Q1 FY27: revenue $23.5M (+70% year over year), operating margin 22.2%, net earnings $4.2M, operating cash flow $2.6M. The chart follows the revenue to costs, profit and cash.
| Transcat (TRNS) | Frequency Electronics (FEIM) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q1 FY27 |
| Revenue | $97.1M | $23.5M |
| Revenue growth, Y/Y | +18% | +70% |
| Gross margin | 33.6% | 45.8% |
| Operating margin | 5.2% | 22.2% |
| Net earnings | $2.4M | $4.2M |
| Net margin | 2.5% | 18.0% |
| Operating cash flow | $10.1M | $2.6M |
| Free cash flow | $6.1M | $1.8M |
| Market value | $767M | — |
| P/E | 171.0× | — |
| Analysts’ mean target | $109.60 | — |
Where the revenue comes from
Transcat
- Service Revenue: $64.8M (67%)
- Distribution Revenue: $32.3M (33%)
Frequency Electronics
- Satellite Revenue: $11.8M (50%)
- Government Non Space Revenue: $11.1M (47%)
- Other Commercial Industrial Revenue: $605K (3%)
Questions
Which is bigger, Transcat or Frequency Electronics?
Transcat is the larger company: $97.1M of revenue in its latest quarter (Q2 FY27) against $23.5M for Frequency Electronics (Q1 FY27).
Is Transcat or Frequency Electronics growing faster?
Frequency Electronics is growing faster (+70% against +18% a year earlier).
Which is more profitable, Transcat or Frequency Electronics?
Frequency Electronics is more profitable, with an operating margin of 22.2% against 5.2%.
More: Transcat earnings · how Transcat makes money · Frequency Electronics earnings · how Frequency Electronics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Sep 14, 2026). Fiscal quarters can end on different dates. Not investment advice.