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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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

TransMedics Group, Inc. (TMDX) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, TransMedics Group, Inc. (TMDX) trades at a P/S ratio of 3.3×. Over the past ten years it has ranged from 2.1× (May 2019) to 46.1× (March 2021); the current reading is higher than 2% of that period. That is above the Medical Devices industry median of 2.5× and below the Healthcare sector median of 3.5×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 6.8× 45.55%
FY2024 4.7× (54.60%)
FY2023 10.3× (42.77%)
FY2022 18.1× 3.29%
FY2021 17.5× (8.80%)
FY2020 19.2× 67.60%
FY2019 11.4× 447.51%
FY2018 2.1× 0.00%
FY2017 2.1× 0.00%
FY2016 2.1× —

Quarterly newest first

Period P/S ratio Change
Sep 2026 4.0× 15.79%
Jun 2026 3.4× (36.08%)
Mar 2026 5.4× (21.29%)
Dec 2025 6.8× 1.06%
31 more quarters

Against its own ten years

Low 2.1× High 46.1×
Ten-year median 14.2×
Current reading's percentile 2

P/S ratio against peers

Company P/S ratio
NVCR NovoCure Limited compare 2.2×
INSP Inspire Medical Systems, Inc. compare 2.2×
NEOG Neogen Corporation compare 2.9×
TMDX TransMedics Group, Inc. 3.3×
UFPT UFP Technologies, Inc. compare 3.6×
ESTA Establishment Labs Holdings Inc. compare 7.9×
AXGN AxoGen, Inc. compare 10.1×
BFLY Butterfly Network, Inc. compare 13.1×
ALMR Alamar Biosciences, Inc. compare 17.8×
Medical Devices industry median 2.5×
Healthcare sector median 3.5×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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