Skip to content
TransMedics Group, Inc. logo

TransMedics Group, Inc.

TMDX

TransMedics Group is a medical technology company that has developed a paradigm-shifting platform for organ transplantation.

Market cap
$2.57B-29.5%
Revenue$635.9M+30.2%
Net income$171.9M+251%
Free cash flow$151.4M+199%
EPS (diluted)$4.37+219%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$183.8M
EPS estimate$0.50

Financials

Q1 2026

Income statement

See full
Revenue$173.9M+21.2%
Gross profit$101.2M+14.7%
Operating income$13.3M-51.5%
Net income$7.3M-71.5%
EPS (diluted)$0.20-71.4%

Balance sheet

See full
Cash & equivalents$461.7M+48.9%
Total debt$409.9M+505%
Total equity$494.0M+85.5%
Total assets$1.4B+71.3%

Cash flow

See full
Operating cash flow$24.5M+959%
CapEx$36.7M+35.6%
Free cash flow-$12.1M+59.4%

Valuation & ratios

Valuation

See full
Market cap$2.57B-29.5%
Enterprise value$2.52B-22.1%
P/E14.9×-34.7×
P/S-2.7×

Profitability

See full
Gross margin59.1%-0.4pp
Operating margin14.9%+4.1pp
Net margin27%+17.0pp
FCF margin23.8%

Returns & leverage

See full
Return on equity45.2%+22.2pp
Debt / equity0.8×+0.6×
Current ratio6.7×-2.4×

Segments

By product

See full
Liver Product$139.0M+27.7%
Heart Product$30.9M+3.5%
Lung Product$2.8M-29.6%

By segment

See full
Ocs Transplant Revenue$172.7M+21.0%

By geography

See full
Non Us$5.6M

Competitors

Profile

TransMedics Group is a medical technology company that has developed a paradigm-shifting platform for organ transplantation. Its proprietary Organ Care System (OCS) replaces traditional cold storage by maintaining donor organs in a living, functioning state through warm, oxygenated perfusion. The company also provides a comprehensive National OCS Program (NOP) that offers turnkey organ procurement and logistics services, including a dedicated aviation fleet.

Competitive position

The company holds a unique market position as the provider of the only FDA-approved, portable, multi-organ, warm perfusion technology platform.

GeographiesUnited States, Europe, Canada, Asia-Pacific
Customer segmentsHospitals, Transplant Centers, Government Healthcare Programs
Business modelRazor-and-blade, Service-as-a-Product, Direct Sales
SuppliersComponent manufacturers, Single-source solution suppliers, Sterilization service providers, Aircraft manufacturers, Blood supply for perfusion
CustomersTransplant surgeons, Hospitals, Medicare/Medicaid, Private insurance payors
Listed2019
Employees584.0
CEOWaleed H. Hassanein
FilingsSEC EDGAR

Questions, answered.

What is TransMedics Group, Inc.'s market cap?
TransMedics Group, Inc. (TMDX) has a market capitalization of $2.6B and trades on NASDAQ.
What is TransMedics Group, Inc.'s revenue and profitability?
TransMedics Group, Inc. generated $635.9M in trailing twelve-month revenue with net income of $171.9M, representing a net margin of 27.0%. Gross margin stands at 59.1%, with free cash flow of $151.4M. These figures are based on the Q1 2026 filing.
Who are TransMedics Group, Inc.'s competitors?
TransMedics Group, Inc.'s key competitors include Cytosorbents Corp., Strata Critical Medical, Inc. Class A Common Stock, CareDx, Inc., and others. These companies compete in similar markets and product categories.
Who does TransMedics Group, Inc. partner with?
TransMedics Group, Inc.'s notable partners include Fresenius.
What subsidiaries does TransMedics Group, Inc. have?
TransMedics Group, Inc.'s subsidiaries include TransMedics, Inc., Summit Aviation, Inc., Northside Property Group, LLC.
Where is TransMedics Group, Inc. headquartered?
TransMedics Group, Inc. is headquartered in United States of America and employs approximately 584 people. It has been publicly traded since 2019.