TransMedics Group, Inc.

TMDX Healthcare Medical Devices

TransMedics Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $605.5 million, up 37.1% from fiscal 2024.

Revenue
+41.2%
EPS
−31.0%
Free cash flow
−55.4%
Total debt
−89.3%

Quarter to September 2026, against a year earlier

85.47 16.49 +23.91%
Market cap
$2.4B
P/E
16.4×
Fwd P/E
49.4×
Dividend yield
—
F-score
7/9
Altman Z
5.32
Beneish M
−1.32
Dividend safety
n/a

TransMedics Group, Inc. (TMDX) Current ratio

Alert me on Current ratio

TransMedics Group, Inc.'s current ratio at the end of the quarter to 30 September 2026 was 4.5×, down 2.6× from fiscal 2025 (7.1×). Over the past ten years it has ranged from 2.8× (fiscal 2018) to 12.4× (fiscal 2020); the current reading is higher than 56% of that period. That is above the Medical Devices industry median of 2.7× and above the Healthcare sector median of 3.1×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 7.1× (13.95%)
FY2024 8.3× (10.72%)
FY2023 9.3× (12.82%)
FY2022 10.7× 108.74%
FY2021 5.1× (58.66%)
FY2020 12.4× 99.10%
FY2019 6.2× 123.88%
FY2018 2.8× (11.24%)
FY2017 3.1× —

Quarterly newest first

Period Current ratio Change
Sep 2026 4.5× (31.62%)
Jun 2026 6.6× (1.67%)
Mar 2026 6.7× (5.66%)
Dec 2025 7.1× (7.12%)
28 more quarters

Against its own ten years

Low 2.8× High 12.4×
Ten-year median 7.1×
Current reading's percentile 56

Current ratio against peers

Company Current ratio
AXGN AxoGen, Inc. compare 12.0×
ALMR Alamar Biosciences, Inc. compare 9.5×
INSP Inspire Medical Systems, Inc. compare 6.4×
TMDX TransMedics Group, Inc. 4.5×
NEOG Neogen Corporation compare 3.9×
ESTA Establishment Labs Holdings Inc. compare 3.8×
BFLY Butterfly Network, Inc. compare 3.6×
UFPT UFP Technologies, Inc. compare 3.0×
NVCR NovoCure Limited compare 2.5×
Medical Devices industry median 2.7×
Healthcare sector median 3.1×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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