What is TransMedics Group, Inc.'s free cash flow margin?

TransMedics Group, Inc. (TMDX) reported free cash flow margin of 23.8% in Q1 2026.

What is the long-term trend for TransMedics Group, Inc.'s free cash flow margin?

Over 4 years (2020 to 2025), TransMedics Group, Inc.'s free cash flow margin has grown at a -34.5% compound annual growth rate (CAGR), from -119.8% to 22.1%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

TransMedics Group, Inc. TMDX Free cash flow margin

Free cash flow margin at other companies

LivaNovaLIVN

11.2%-0.2pp

ICU MedicalICUI

4.2%-1.2pp

Edwards LifesciencesEW

17.3%—

United TherapeuticsUTHR

32.1%-5.6pp

OSI SystemsOSIS

4%+1.5pp

Other financials

Income statement

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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

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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

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Operating cash flow$24.5M+959%

CapEx$36.7M+35.6%

Free cash flow-$12.1M+59.4%

Valuation

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Market cap$2.55B+50.6%

Enterprise value$2.5B+66.0%

P/E14.8×-19.8×

P/S4×+0.5×

Profitability

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Gross margin59.1%-0.4pp

Operating margin14.9%+4.1pp

Net margin27%+17.0pp

Returns & leverage

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Return on equity45.2%+22.2pp

Debt / equity0.8×+0.6×

Current ratio6.7×-2.4×

Where this comes from

Calculated from TransMedics Group, Inc.’s reported figures.

free cash flow/total revenue=23.8%

Based on trailing twelve months.

The official record: TransMedics Group, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TransMedics Group, Inc.'s free cash flow margin?: TransMedics Group, Inc. (TMDX) reported free cash flow margin of 23.8% in Q1 2026.
What is the long-term trend for TransMedics Group, Inc.'s free cash flow margin?: Over 4 years (2020 to 2025), TransMedics Group, Inc.'s free cash flow margin has grown at a -34.5% compound annual growth rate (CAGR), from -119.8% to 22.1%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.