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) Revenue growth

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TransMedics Group, Inc.'s revenue growth over the twelve months to 30 September 2026 was 28.5%, down 8.6 percentage points from fiscal 2025 (37.1%). Over the past ten years it has ranged from −19.2% (fiscal 2016) to 208.8% (fiscal 2022); the current reading is higher than 50% of that period. That is above the Medical Devices industry median of 10.4% and above the Healthcare sector median of 7.80%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 37.1% (45.61)
FY2024 82.7% (75.79)
FY2023 158.5% (50.30)
FY2022 208.8% 190.80
FY2021 18.0% 9.41
FY2020 8.62% (72.71)
FY2019 81.3% 11.95
FY2018 69.4% 45.61
FY2017 23.8% 42.98
FY2016 −19.2% —

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 41.2% 20.45
Jun 2026 20.7% (0.48)
Mar 2026 21.2% (11.00)
Dec 2025 32.2% (0.06)
31 more quarters

Against its own ten years

Low −19.2% High 208.8%
Ten-year median 53.3%
Current reading's percentile 50

Revenue growth against peers

Company Revenue growth
BFLY Butterfly Network, Inc. compare 39.4%
ESTA Establishment Labs Holdings Inc. compare 38.6%
TMDX TransMedics Group, Inc. 28.5%
AXGN AxoGen, Inc. compare 24.3%
NVCR NovoCure Limited compare 12.9%
UFPT UFP Technologies, Inc. compare 8.62%
INSP Inspire Medical Systems, Inc. compare −0.19%
NEOG Neogen Corporation compare −0.33%
ALMR Alamar Biosciences, Inc. compare —
Medical Devices industry median 10.4%
Healthcare sector median 7.80%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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