TransMedics Group, Inc.: stock overview

TMDXNASDAQHealthcare · Electromedical & Electrotherapeutic Apparatus

Price

$91.38

November 13, 2026Market cap $3.1B

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  • The full history: 8 fiscal years, from FY2018
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The share price has risen 32% since Nov 5, 2026, when the 10-Q these figures come from was filed ($68.98 then, $91.38 on Nov 13, 2026). The figures date from before that move.10-Q
  • Most of the reported profit is a tax credit, not money earned from customers. We leave out the P/E and the earnings growth, which would not compare with a company that paid tax.

In short

TransMedics had revenue of $728M over the last 12 months and net income of $144M, a net margin of 19.9%. Revenue grew by 88.2% a year on average over the last 5 years. It has net debt of $368M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$3.1B
34.30M shares
P/E
–
Revenue, 12 months
$728M
+88.2% a year over 5 years
Net margin
19.9%
2025: 31.4%, above 98% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+58.3% a year over 2 years

  • 202510-K
    Revenue$605M
  • 202410-K
    Revenue$442M
  • 202310-K
    Revenue$242M

Fiscal years in figures

TMDX's revenue, profit, cash flow and dividend with each year-end price, from FY2018 to 2022, 5 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $2.6B
$3.1B
Enterprise value 
$3.5B
P/E 
–
EV / EBIT 
40.5
EV / Revenue 
4.8
P/B 3-year median: 9.2
5.7
FCF yield 3-year median: -3.9%
1.4%
Earnings yield 3-year median: 1.6%
–

Profitability

Gross margin 
58.6%
Operating margin 
11.9%
Net margin 3-year median: 8.0%
19.9%
ROIC 
7.2%
ROIC, 5-year average 
-6.1%
ROE 
30.2%

Growth

Revenue, yearly change 
+37.1%
EPS, yearly change 
–
FCF, yearly change 
–
Revenue, average a year 
+88.2%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$493M
Total debt 
$867M
Of which operating leases 
$5.6M
Net debt 
$368M
Net debt / EBITDA 
3.2x
Interest cover 
3.5x
Current ratio 
4.53

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+1.9%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 38).

Gross margin

59.9%

Above 57% of the 161 companies in its industry, and 78% of all.

Operating margin

17.9%

Above 81% of the 186 companies in its industry, and 79% of all.

Net margin

31.4%

Above 98% of the 189 companies in its industry, and 92% of all.

ROE

40.2%

Above 97% of the 174 companies in its industry, and 95% of all.

ROA

17.8%

Above 96% of the 190 companies in its industry, and 96% of all.

Revenue growth

37.1%

Above 94% of the 186 companies in its industry, and 91% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
TransMedics Group, Inc.
CIK
1756262
Exchange
NASDAQ
Industry (SIC)
3845 · Electromedical & Electrotherapeutic Apparatus
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
34.30M

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The full analysis

What do TransMedics's filings show?

These are TransMedics's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about TMDX

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What is TMDX's market cap?

TransMedics Group, Inc.'s market cap is $3.1B, at a price of $91.38 on November 13, 2026 and 34.30M shares.

How much revenue does TMDX have?

TransMedics had revenue of $728M over the last 12 months. Over the last 5 years it changed by +88.2% a year on average.

Does TMDX pay a dividend?

No. TransMedics paid no regular dividend over the last 12 months.

Where do the figures come from?

From TransMedics Group, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.