TransMedics (TMDX) Debt Ratio (2018 - 2026)
TransMedics' (TMDX) Debt Ratio was 0.04 for Q2 2026, down 39.0% from 0.07 a year earlier and down 1.9% from the prior quarter.
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Analysis
TransMedics (TMDX) Debt Ratio (2018 - 2026) Analysis & Trends
For FY2025, Debt Ratio at TransMedics was 0.06, down 24.5% from FY2024.
- Debt Ratio has declined for four consecutive years.
- By year, Debt Ratio came in at 0.07 in FY2024 (-11.7%), 0.08 in FY2023 (-60.5%), 0.21 in FY2022 (-18.8%) and 0.26 in FY2021 (+14.5%).
- The Q2 2026 figure ranks as the lowest quarterly Debt Ratio in data going back to Q4 2018.
- Year over year, Debt Ratio has now declined in each of the last 16 quarters, with an average decline of 21.6% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q3 2021 (growth of 23.4%); the low point was Q2 2023 (a decline of 71.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.04 (Q1 2026), 0.06 (Q4 2025) and 0.06 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 0.38 |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 0.30 |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | - |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 0.30 |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 0.31 |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 0.28 |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 0.33 |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 0.04 |
| 10 | TransMedics | 2.86 Bn | 975.91 Mn | 113.20 Mn | 0.04 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.04 |
| Mar 31, 2026 | 0.04 |
| Dec 31, 2025 | 0.06 |
| Sep 30, 2025 | 0.06 |
| Jun 30, 2025 | 0.07 |
| Mar 31, 2025 | 0.07 |
| Dec 31, 2024 | 0.07 |
| Sep 30, 2024 | 0.08 |
| Jun 30, 2024 | 0.08 |
| Mar 31, 2024 | 0.08 |
| Dec 31, 2023 | 0.08 |
| Sep 30, 2023 | 0.09 |
| Jun 30, 2023 | 0.09 |
| Mar 31, 2023 | 0.20 |
| Dec 31, 2022 | 0.21 |
| Sep 30, 2022 | 0.21 |
| Jun 30, 2022 | 0.30 |
| Mar 31, 2022 | 0.28 |
| Dec 31, 2021 | 0.26 |
| Sep 30, 2021 | 0.27 |
API Access
TransMedics Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TMDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TMDX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TMDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();