TRNS vs. JOUT
TRNS (Transcat, Inc.) and JOUT (Johnson Outdoors Inc.) are both stocks. TRNS operates in Industrial Distribution (Industrials), while JOUT operates in Leisure (Consumer Cyclical). Over the past 10 years, TRNS returned 24.70%/yr vs 7.61%/yr for JOUT. At a 0.10 correlation, their price movements are largely independent.
Performance
TRNS vs. JOUT - Performance Comparison
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Returns By Period
In the year-to-date period, TRNS achieves a 63.49% return, which is significantly higher than JOUT's 8.61% return. Over the past 10 years, TRNS has outperformed JOUT with an annualized return of 24.70%, while JOUT has yielded a comparatively lower 7.61% annualized return.
TRNS
- 1D
- -0.14%
- 1M
- 27.02%
- YTD
- 63.49%
- 6M
- 60.80%
- 1Y
- 15.16%
- 3Y*
- 2.06%
- 5Y*
- 10.80%
- 10Y*
- 24.70%
JOUT
- 1D
- -2.24%
- 1M
- 4.38%
- YTD
- 8.61%
- 6M
- 5.86%
- 1Y
- 60.59%
- 3Y*
- -5.22%
- 5Y*
- -15.30%
- 10Y*
- 7.61%
TRNS vs. JOUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRNS Transcat, Inc. | 63.49% | -46.35% | -3.28% | 54.27% | -23.33% | 166.52% | 8.85% | 67.51% | 33.47% | 31.94% |
JOUT Johnson Outdoors Inc. | 8.61% | 34.11% | -36.11% | -17.48% | -28.12% | -16.17% | 48.21% | 31.73% | -4.77% | 57.78% |
Correlation
The correlation between TRNS and JOUT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.10 |
Over the past year, TRNS and JOUT have become more correlated (0.36) than their long-term average of 0.10, meaning their price movements have been converging.
Fundamentals
TRNS:
$866.75M
JOUT:
$472.12M
TRNS:
$0.58
JOUT:
-$1.48
TRNS:
2.61
JOUT:
0.72
TRNS:
2.88
JOUT:
1.13
TRNS:
$331.88M
JOUT:
$651.83M
TRNS:
$108.40M
JOUT:
$244.14M
TRNS:
$33.66M
JOUT:
$30.44M
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Return for Risk
TRNS vs. JOUT — Risk / Return Rank
TRNS
JOUT
TRNS vs. JOUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transcat, Inc. (TRNS) and Johnson Outdoors Inc. (JOUT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRNS | JOUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.28 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 2.32 | -1.96 |
| Martin ratioReturn relative to average drawdown | 0.68 | 7.64 | -6.96 |
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Drawdowns
TRNS vs. JOUT - Drawdown Comparison
The maximum TRNS drawdown since its inception was -93.42%, which is greater than JOUT's maximum drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for TRNS and JOUT.
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Drawdown Indicators
| TRNS | JOUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.42% | -84.84% | -8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -42.92% | -26.30% | -16.62% |
Max Drawdown (3Y)Largest decline over 3 years | -63.86% | -62.40% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -63.86% | -80.51% | +16.65% |
Max Drawdown (10Y)Largest decline over 10 years | -63.86% | -84.38% | +20.52% |
Current DrawdownCurrent decline from peak | -35.62% | -66.24% | +30.62% |
Average DrawdownAverage peak-to-trough decline | -35.38% | -43.90% | +8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.28% | 7.95% | +14.33% |
Volatility
TRNS vs. JOUT - Volatility Comparison
Transcat, Inc. (TRNS) has a higher volatility of 13.51% compared to Johnson Outdoors Inc. (JOUT) at 8.98%. This indicates that TRNS's price experiences larger fluctuations and is considered to be riskier than JOUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRNS | JOUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.51% | 8.98% | +4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 34.27% | 30.00% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 38.17% | +9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.50% | 36.53% | +6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.47% | 39.63% | +2.84% |
Dividends
TRNS vs. JOUT - Dividend Comparison
TRNS has not paid dividends to shareholders, while JOUT's dividend yield for the trailing twelve months is around 2.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOUT Johnson Outdoors Inc. | 2.90% | 3.11% | 4.00% | 2.36% | 1.83% | 0.99% | 0.64% | 0.77% | 0.82% | 0.60% | 0.83% | 1.39% |
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. JOUT - Financials Comparison
This section allows you to compare key financial metrics between Transcat, Inc. and Johnson Outdoors 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. JOUT - 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%.
JOUT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson Outdoors Inc. reported a gross profit of 75.49M and revenue of 194.48M. Therefore, the gross margin over that period was 38.8%.
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%.
JOUT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson Outdoors Inc. reported an operating income of 10.35M and revenue of 194.48M, resulting in an operating margin of 5.3%.
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%.
JOUT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson Outdoors Inc. reported a net income of 9.41M and revenue of 194.48M, resulting in a net margin of 4.8%.
Frequently Asked Questions
TRNS and JOUT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRNS has higher volatility (13.51%) compared to JOUT (8.98%). In terms of maximum drawdown, TRNS dropped -93.42% vs JOUT's -84.84%.
JOUT currently has the higher Sharpe Ratio (1.60 vs 0.32), 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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