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

84.61 15.63 +22.66%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, TransMedics Group, Inc. (TMDX) trades at a price to free cash flow of 53.5×. Over the past ten years it has ranged from 0.0× (June 2025) to 262× (June 2025); the current reading is higher than 96% of that period. That is above the Medical Devices industry median of 28.8× and above the Healthcare sector median of 21.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 31.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 64.8× 122.90%
Jun 2026 29.1× 28.67%
Mar 2026 22.6× (27.05%)
Dec 2025 31.0× (2.42%)
31 more quarters

Against its own ten years

Low 0.0× High 262×
Ten-year median 0.0×
Current reading's percentile 96

Price to free cash flow against peers

Company Price to free cash flow
BFLY Butterfly Network, Inc. compare n/m
ESTA Establishment Labs Holdings Inc. compare n/m
NVCR NovoCure Limited compare n/m
ALMR Alamar Biosciences, Inc. compare n/m
INSP Inspire Medical Systems, Inc. compare 19.6×
UFPT UFP Technologies, Inc. compare 37.5×
NEOG Neogen Corporation compare 51.0×
TMDX TransMedics Group, Inc. 53.5×
AXGN AxoGen, Inc. compare 134×
Medical Devices industry median 28.8×
Healthcare sector median 21.1×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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