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
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TransMedics Group, Inc. (TMDX) Operating margin
TransMedics Group, Inc.'s operating margin over the twelve months to 30 September 2026 was 11.9%, down 6.0 percentage points from fiscal 2025 (17.9%). Over the past ten years it has ranged from −740.4% (fiscal 2016) to 17.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Devices industry median of −15.1% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 17.9% | 9.44 |
| FY2024 | 8.49% | 20.38 |
| FY2023 | −11.9% | 21.75 |
| FY2022 | −33.6% | 96.65 |
| FY2021 | −130.3% | (27.38) |
| FY2020 | −102.9% | 22.51 |
| FY2019 | −125.4% | 30.05 |
| FY2018 | −155.5% | 376.11 |
| FY2017 | −531.6% | 208.83 |
| FY2016 | −740.4% | — |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 13.9% | 1.36 |
| Jun 2026 | 12.5% | 4.86 |
| Mar 2026 | 7.64% | (5.59) |
| Dec 2025 | 13.2% | (2.97) |
| 31 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| UFPT UFP Technologies, Inc. compare | 15.5% |
| TMDX TransMedics Group, Inc. | 11.9% |
| INSP Inspire Medical Systems, Inc. compare | 1.79% |
| NEOG Neogen Corporation compare | −0.83% |
| AXGN AxoGen, Inc. compare | −5.17% |
| ESTA Establishment Labs Holdings Inc. compare | −7.63% |
| NVCR NovoCure Limited compare | −17.2% |
| ALMR Alamar Biosciences, Inc. compare | −46.5% |
| BFLY Butterfly Network, Inc. compare | −46.9% |
| Medical Devices industry median | −15.1% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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