TransMedics (TMDX) Gross Margin (2018 - 2026)
TransMedics (TMDX) posted quarterly Gross Margin of 58.16% for Q1 2026, down 331.0% year-over-year from 25.18% in Q1 2025, and little changed quarter-over-quarter from 58.11% in Q4 2025.
TransMedics (TMDX) Gross Margin (2018 - 2026) Analysis & Trends
TransMedics' Gross Margin history runs 9 years deep, the most recent figure standing at 58.16% for Q1 2026.
- In Q1 2026, Gross Margin fell 331.0% year-over-year to 58.16%; the TTM figure through Mar 2026 stood at 59.09% (down 38.0% YoY), while the FY2025 annual figure was 59.92%, up 56.0% from the prior year.
- Gross Margin for Q1 2026 stood at 58.16%, roughly flat from 58.11% in the prior quarter.
- The five-year high for Gross Margin was 76.22% in Q1 2022, with the low at 55.94% in Q3 2024.
- The 5-year median for Gross Margin is 61.38% (2025), against an average of 63.4%.
- Peak annual rise in Gross Margin reached 1323 bps in 2022, while the deepest fall reached 1577 bps in 2022.
- TransMedics' Gross Margin stood at 65.99% in 2022, then declined by 11 bps to 59.04% in 2023, then climbed by 0 bps to 59.21% in 2024, then retreated by 2 bps to 58.11% in 2025, then advanced by 0 bps to 58.16% in 2026.
- Business Quant data shows TMDX's Gross Margin at 58.16% in Q1 2026, 58.11% in Q4 2025, and 58.8% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 45.84% |
| 10 | TransMedics | 3.15 Bn | 2.67 Bn | 113.20 Mn | 59.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.59% |
| Mar 31, 2026 | 58.16% |
| Dec 31, 2025 | 58.11% |
| Sep 30, 2025 | 58.80% |
| Jun 30, 2025 | 61.38% |
| Mar 31, 2025 | 61.47% |
| Dec 31, 2024 | 59.21% |
| Sep 30, 2024 | 55.94% |
| Jun 30, 2024 | 60.59% |
| Mar 31, 2024 | 61.91% |
| Dec 31, 2023 | 59.04% |
| Sep 30, 2023 | 61.21% |
| Jun 30, 2023 | 70.03% |
| Mar 31, 2023 | 69.23% |
| Dec 31, 2022 | 65.99% |
| Sep 30, 2022 | 70.53% |
| Jun 30, 2022 | 69.93% |
| Mar 31, 2022 | 76.22% |
| Dec 31, 2021 | 81.76% |
| Sep 30, 2021 | 70.26% |