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

87.04 18.06 +26.18%
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) Net margin

Alert me on Net margin

TransMedics Group, Inc.'s net margin over the twelve months to 30 September 2026 was 19.9%, down 11.6 percentage points from fiscal 2025 (31.4%). Over the past ten years it has ranged from −387.6% (fiscal 2016) to 31.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Devices industry median of −14.5% and above the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 31.4% 23.40
FY2024 8.03% 18.39
FY2023 −10.4% 28.41
FY2022 −38.8% 107.34
FY2021 −146.1% (33.98)
FY2020 −112.1% 29.99
FY2019 −142.1% 40.38
FY2018 −182.5% 88.46
FY2017 −271.0% 116.62
FY2016 −387.6% —

Quarterly newest first

Period Net margin Change (points)
Sep 2026 8.41% 0.68
Jun 2026 7.73% 3.52
Mar 2026 4.21% (61.34)
Dec 2025 65.6% 48.64
31 more quarters

Against its own ten years

Low −387.6% High 31.4%
Ten-year median −127.1%
Current reading's percentile 91

Net margin against peers

Company Net margin
TMDX TransMedics Group, Inc. 19.9%
UFPT UFP Technologies, Inc. compare 11.8%
INSP Inspire Medical Systems, Inc. compare 11.4%
NEOG Neogen Corporation compare −6.35%
AXGN AxoGen, Inc. compare −12.0%
ESTA Establishment Labs Holdings Inc. compare −15.8%
NVCR NovoCure Limited compare −16.8%
BFLY Butterfly Network, Inc. compare −43.6%
ALMR Alamar Biosciences, Inc. compare −52.2%
Medical Devices industry median −14.5%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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