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TransMedics Group, Inc. TMDX

Nasdaq · stock · Electromedical & Electrotherapeutic Apparatus · website · IPO 2019-05-02 · LEI

TransMedics Group, Inc. statistics & valuation

Market cap$2.4B
P / E12.4×
P / S3.9×
P / B5.0×
P / FCF17.7×
Net margin31.4%
Return on equity40.2%
FCF margin22.1%
Return on capital11.1%
Graham number -58.9%$35.76

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($35.76); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-162.10% -129.80% -101.40% -140.90% -38.80% -10.40% 8.00% 31.40% 20182019202020212022202320242025
Gross margin (%)
39.10% 53.60% 58.70% 67.40% 69.80% 63.80% 59.40% 59.90% 20182019202020212022202320242025
Operating margin (%)
-138.10% -114.50% -93.00% -125.60% -33.60% -11.90% 8.50% 17.90% 20182019202020212022202320242025
Return on equity (%)
-61.40% -27.70% -65.20% -19.30% -18.20% 15.50% 40.20% 20182019202020212022202320242025
Shares outstanding
1.4M 21.2M 27.2M 27.8M 32.1M 32.7M 35.2M 40.5M 20182019202020212022202320242025
Net debt ($)
$13.4M $14.1M $10.1M $9.6M -$142.5M 20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
-56.40% -31.90% -18.90% -32.80% -13.10% -3.50% 4.40% 17.80% 20182019202020212022202320242025
Free cash flow margin (%)
-180.10% -125.60% -108.30% -103.20% -61.80% -68.20% -18.30% 22.10% 20182019202020212022202320242025
Debt / equity (×)
0.62× 0.33× 0.52× 0.31× 20182019202020212022202320242025
EPS ($)
-$1.16 -$1.60 -$1.23 -$0.77 $1.01 $4.87 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin59.9%59.4%63.8%69.8%67.4%58.7%53.6%39.1%
Operating margin17.9%8.5%-11.9%-33.6%-125.6%-93.0%-114.5%-138.1%
Net margin31.4%8.0%-10.4%-38.8%-140.9%-101.4%-129.8%-162.1%
FCF margin22.1%-18.3%-68.2%-61.8%-103.2%-108.3%-125.6%-180.1%
Return on assets17.8%4.4%-3.5%-13.1%-32.8%-18.9%-31.9%-56.4%
Return on equity40.2%15.5%-18.2%-19.3%-65.2%-27.7%-61.4%12.4%
Debt / equity———0.31×0.52×0.33×0.62×-0.18×
Current ratio7.148.309.3010.665.1112.366.212.77

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.