TRNS vs. AIT
TRNS (Transcat, Inc.) and AIT (Applied Industrial Technologies, Inc.) are both stocks. Both operate in the Industrial Distribution industry within the Industrials sector. Over the past 10 years, TRNS returned 24.18%/yr vs 23.07%/yr for AIT. At a 0.12 correlation, their price movements are largely independent.
Performance
TRNS vs. AIT - Performance Comparison
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Returns By Period
In the year-to-date period, TRNS achieves a 59.00% return, which is significantly higher than AIT's 22.47% return. Both investments have delivered pretty close results over the past 10 years, with TRNS having a 24.18% annualized return and AIT not far behind at 23.07%.
TRNS
- 1D
- -0.40%
- 1M
- 27.82%
- YTD
- 59.00%
- 6M
- 63.23%
- 1Y
- 4.94%
- 3Y*
- 0.76%
- 5Y*
- 10.04%
- 10Y*
- 24.18%
AIT
- 1D
- 1.65%
- 1M
- 3.26%
- YTD
- 22.47%
- 6M
- 20.54%
- 1Y
- 37.20%
- 3Y*
- 34.17%
- 5Y*
- 27.70%
- 10Y*
- 23.07%
TRNS vs. AIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRNS Transcat, Inc. | 59.00% | -46.35% | -3.28% | 54.27% | -23.33% | 166.52% | 8.85% | 67.51% | 33.47% | 31.94% |
AIT Applied Industrial Technologies, Inc. | 22.47% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
Correlation
The correlation between TRNS and AIT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 1990 | 0.12 |
Over the past year, TRNS and AIT have become more correlated (0.39) than their long-term average of 0.12, meaning their price movements have been converging.
Fundamentals
TRNS:
$842.92M
AIT:
$11.91B
TRNS:
$0.58
AIT:
$10.56
TRNS:
156.71
AIT:
29.68
TRNS:
2.54
AIT:
2.48
TRNS:
2.80
AIT:
3.98
TRNS:
$331.88M
AIT:
$4.84B
TRNS:
$108.40M
AIT:
$1.47B
TRNS:
$33.66M
AIT:
$563.38M
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Return for Risk
TRNS vs. AIT — Risk / Return Rank
TRNS
AIT
TRNS vs. AIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transcat, Inc. (TRNS) and Applied Industrial Technologies, Inc. (AIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TRNS | AIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 2.91 | -2.79 |
| Martin ratioReturn relative to average drawdown | 0.22 | 6.97 | -6.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRNS | AIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 1.42 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.91 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.70 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.43 | -0.27 |
Drawdowns
TRNS vs. AIT - Drawdown Comparison
The maximum TRNS drawdown since its inception was -93.42%, which is greater than AIT's maximum drawdown of -66.47%. Use the drawdown chart below to compare losses from any high point for TRNS and AIT.
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Drawdown Indicators
| TRNS | AIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.42% | -66.47% | -26.95% |
Max Drawdown (1Y)Largest decline over 1 year | -42.92% | -12.86% | -30.06% |
Max Drawdown (3Y)Largest decline over 3 years | -63.86% | -26.42% | -37.44% |
Max Drawdown (5Y)Largest decline over 5 years | -63.86% | -26.42% | -37.44% |
Max Drawdown (10Y)Largest decline over 10 years | -63.86% | -59.29% | -4.57% |
Current DrawdownCurrent decline from peak | -37.39% | -0.58% | -36.81% |
Average DrawdownAverage peak-to-trough decline | -35.38% | -18.05% | -17.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.35% | 5.35% | +17.00% |
Volatility
TRNS vs. AIT - Volatility Comparison
Transcat, Inc. (TRNS) has a higher volatility of 18.16% compared to Applied Industrial Technologies, Inc. (AIT) at 6.66%. This indicates that TRNS's price experiences larger fluctuations and is considered to be riskier than AIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRNS | AIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.16% | 6.66% | +11.50% |
Volatility (6M)Calculated over the trailing 6-month period | 35.36% | 19.13% | +16.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.62% | 26.38% | +21.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.36% | 30.50% | +12.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.39% | 33.28% | +9.11% |
Dividends
TRNS vs. AIT - Dividend Comparison
TRNS has not paid dividends to shareholders, while AIT's dividend yield for the trailing twelve months is around 0.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.62% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
TRNS Transcat, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TRNS vs. AIT - Financials Comparison
This section allows you to compare key financial metrics between Transcat, Inc. and Applied Industrial Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TRNS vs. AIT - Profitability Comparison
TRNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Transcat, Inc. reported a gross profit of 30.47M and revenue of 88.62M. Therefore, the gross margin over that period was 34.4%.
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
TRNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Transcat, Inc. reported an operating income of 2.73M and revenue of 88.62M, resulting in an operating margin of 3.1%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
TRNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Transcat, Inc. reported a net income of 744.00K and revenue of 88.62M, resulting in a net margin of 0.8%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
Frequently Asked Questions
TRNS and AIT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRNS has higher volatility (18.16%) compared to AIT (6.66%). In terms of maximum drawdown, TRNS dropped -93.42% vs AIT's -66.47%.
AIT currently has the higher Sharpe Ratio (1.42 vs 0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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