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Cohu vs Transcat: revenue, profit, margins and growth compared

Cohu brought in $453M of revenue in fiscal 2025, Transcat $331.9M in fiscal 2026. Revenue changed by +12.7% at Cohu and +19.2% at Transcat on the year before, so Transcat grew faster. Cohu kept -16.4% of its revenue as net profit, Transcat 1.6%. Free cash flow was $10.7M at Cohu and $19.6M at Transcat.

Side by side, latest fiscal year

COHUTRNS
Fiscal year endedFY2025 (December 27, 2025)FY2026 (March 28, 2026)
Revenue$453M$331.9M
Revenue growth+12.7%+19.2%
Net income-$74.3M$5.4M
Net margin-16.4%1.6%
Free cash flow$10.7M$19.6M
Free cash flow margin2.4%5.9%
Earnings per share (diluted)-$1.59$0.57
Cash$227.1M$4.9M
Debt$305.1M$99.9M
Price to earningsn/a153.9
Market value$3.2B$821.1M
Dividend yieldn/an/a
Rank by revenue in sector#330 of 451 · Industrials#345 of 451 · Industrials

Over the years

Revenue
COHU FY2018: $451.8MCOHU FY2019: $583.3MCOHU FY2020: $636MCOHU FY2021: $887.2MCOHU FY2022: $812.8MCOHU FY2023: $636.3MCOHU FY2024: $401.8MCOHU FY2025: $453MTRNS FY2018: $160.9MTRNS FY2019: $173.1MTRNS FY2021: $173.3MTRNS FY2022: $205MTRNS FY2023: $230.6MTRNS FY2024: $259.5MTRNS FY2025: $278.4MTRNS FY2026: $331.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
COHU $453MTRNS $331.9M
Net income
COHU FY2018: -$32.2MCOHU FY2019: -$69.7MCOHU FY2020: -$13.8MCOHU FY2021: $167.3MCOHU FY2022: $96.8MCOHU FY2023: $28.2MCOHU FY2024: -$69.8MCOHU FY2025: -$74.3MTRNS FY2018: $7.1MTRNS FY2019: $8.1MTRNS FY2021: $7.8MTRNS FY2022: $11.4MTRNS FY2023: $10.7MTRNS FY2024: $13.6MTRNS FY2025: $14.5MTRNS FY2026: $5.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
COHU -$74.3MTRNS $5.4M
Net margin
COHU FY2018: -7.1%COHU FY2019: -11.9%COHU FY2020: -2.2%COHU FY2021: 18.9%COHU FY2022: 11.9%COHU FY2023: 4.4%COHU FY2024: -17.4%COHU FY2025: -16.4%TRNS FY2018: 4.4%TRNS FY2019: 4.7%TRNS FY2021: 4.5%TRNS FY2022: 5.6%TRNS FY2023: 4.6%TRNS FY2024: 5.3%TRNS FY2025: 5.2%TRNS FY2026: 1.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
COHU -16.4%TRNS 1.6%
Revenue growth
COHU FY2019: +29.1%COHU FY2020: +9.0%COHU FY2021: +39.5%COHU FY2022: -8.4%COHU FY2023: -21.7%COHU FY2024: -36.9%COHU FY2025: +12.7%TRNS FY2019: +7.6%TRNS FY2021: +0.1%TRNS FY2022: +18.2%TRNS FY2023: +12.5%TRNS FY2024: +12.5%TRNS FY2025: +7.3%TRNS FY2026: +19.2%FY19FY20FY21FY22FY23FY24FY25FY26
COHU +12.7%TRNS +19.2%
Free cash flow
COHU FY2018: $29.5MCOHU FY2019: -$731KCOHU FY2020: $31.2MCOHU FY2021: $85.9MCOHU FY2022: $98.1MCOHU FY2023: $85.4MCOHU FY2024: -$7.9MCOHU FY2025: $10.7MTRNS FY2018: $5.6MTRNS FY2019: $5MTRNS FY2021: $17MTRNS FY2022: $7.5MTRNS FY2023: $7.5MTRNS FY2024: $19.3MTRNS FY2025: $25.8MTRNS FY2026: $19.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
COHU $10.7MTRNS $19.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cohu and Transcat

Which is bigger by revenue, Cohu or Transcat?

Cohu is bigger by revenue: $453M in fiscal 2025, against $331.9M for Transcat in fiscal 2026.

Which keeps more of its revenue as profit, Cohu or Transcat?

Cohu had a net margin of -16.4% in fiscal 2025; Transcat had 1.6% in fiscal 2026.

Which grew revenue faster, Cohu or Transcat?

In their latest fiscal years revenue changed by +12.7% at Cohu and +19.2% at Transcat.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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