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Frequency Electronics vs Transcat: revenue, profit, margins and growth compared

Frequency Electronics brought in $63.2M of revenue in fiscal 2026, Transcat $331.9M in fiscal 2026. Revenue changed by -9.4% at Frequency Electronics and +19.2% at Transcat on the year before, so Transcat grew faster. Frequency Electronics kept -1.4% of its revenue as net profit, Transcat 1.6%. Free cash flow was -$1.6M at Frequency Electronics and $19.6M at Transcat.

Side by side, latest fiscal year

FEIMTRNS
Fiscal year endedFY2026 (April 30, 2026)FY2026 (March 28, 2026)
Revenue$63.2M$331.9M
Revenue growth-9.4%+19.2%
Net income-$903K$5.4M
Net margin-1.4%1.6%
Free cash flow-$1.6M$19.6M
Free cash flow margin-2.5%5.9%
Earnings per share (diluted)-$0.09$0.57
Cash$1.6M$4.9M
Debtn/a$99.9M
Price to earningsn/a153.9
Market value$968.8M$821.1M
Dividend yieldn/an/a
Rank by revenue in sector#395 of 451 · Industrials#345 of 451 · Industrials

Over the years

Revenue
FEIM FY2019: $49.5MFEIM FY2020: $41.5MFEIM FY2021: $54.3MFEIM FY2022: $48.3MFEIM FY2023: $40.8MFEIM FY2024: $55.3MFEIM FY2025: $69.8MFEIM FY2026: $63.2MTRNS FY2018: $160.9MTRNS FY2019: $173.1MTRNS FY2021: $173.3MTRNS FY2022: $205MTRNS FY2023: $230.6MTRNS FY2024: $259.5MTRNS FY2025: $278.4MTRNS FY2026: $331.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FEIM $63.2MTRNS $331.9M
Net income
FEIM FY2019: -$2.5MFEIM FY2020: -$10MFEIM FY2021: $680KFEIM FY2022: -$8.7MFEIM FY2023: -$5.5MFEIM FY2024: $5.6MFEIM FY2025: $23.7MFEIM FY2026: -$903KTRNS FY2018: $7.1MTRNS FY2019: $8.1MTRNS FY2021: $7.8MTRNS FY2022: $11.4MTRNS FY2023: $10.7MTRNS FY2024: $13.6MTRNS FY2025: $14.5MTRNS FY2026: $5.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FEIM -$903KTRNS $5.4M
Net margin
FEIM FY2019: -5.1%FEIM FY2020: -24.2%FEIM FY2021: 1.3%FEIM FY2022: -17.9%FEIM FY2023: -13.5%FEIM FY2024: 10.1%FEIM FY2025: 33.9%FEIM FY2026: -1.4%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
FEIM -1.4%TRNS 1.6%
Revenue growth
FEIM FY2020: -16.2%FEIM FY2021: +30.7%FEIM FY2022: -11.0%FEIM FY2023: -15.6%FEIM FY2024: +35.6%FEIM FY2025: +26.3%FEIM FY2026: -9.4%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
FEIM -9.4%TRNS +19.2%
Free cash flow
FEIM FY2019: -$2.9MFEIM FY2020: -$2.9MFEIM FY2021: $10.9MFEIM FY2022: $2.2MFEIM FY2023: $257KFEIM FY2024: $7.2MFEIM FY2025: -$3.2MFEIM FY2026: -$1.6MTRNS FY2018: $5.6MTRNS FY2019: $5MTRNS FY2021: $17MTRNS FY2022: $7.5MTRNS FY2023: $7.5MTRNS FY2024: $19.3MTRNS FY2025: $25.8MTRNS FY2026: $19.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FEIM -$1.6MTRNS $19.6M

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

Questions about Frequency Electronics and Transcat

Which is bigger by revenue, Frequency Electronics or Transcat?

Transcat is bigger by revenue: $331.9M in fiscal 2026, against $63.2M for Frequency Electronics in fiscal 2026.

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

Frequency Electronics had a net margin of -1.4% in fiscal 2026; Transcat had 1.6% in fiscal 2026.

Which grew revenue faster, Frequency Electronics or Transcat?

In their latest fiscal years revenue changed by -9.4% at Frequency Electronics 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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