Growth Metrics

TransMedics (TMDX) Gross Margin (2018 - 2026)

TransMedics has reported Gross Margin over the past 8 years, most recently at 58.11% for Q4 2025.

  • For Q4 2025, Gross Margin fell 110.0% year-over-year to 58.11%; the TTM value through Dec 2025 reached 59.92%, up 56.0%, while the annual FY2025 figure was 59.92%, 56.0% up from the prior year.
  • Gross Margin for Q4 2025 was 58.11% at TransMedics, down from 58.8% in the prior quarter.
  • Over five years, Gross Margin peaked at 81.76% in Q4 2021 and troughed at 55.94% in Q3 2024.
  • A 5-year average of 65.38% and a median of 63.95% in 2022 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: skyrocketed 1974bps in 2021 and later tumbled -1577bps in 2022.
  • Year by year, Gross Margin stood at 81.76% in 2021, then dropped by -19bps to 65.99% in 2022, then decreased by -11bps to 59.04% in 2023, then rose by 0bps to 59.21% in 2024, then dropped by -2bps to 58.11% in 2025.
  • Business Quant data shows Gross Margin for TMDX at 58.11% in Q4 2025, 58.8% in Q3 2025, and 61.38% in Q2 2025.