TransMedics (TMDX) Gross Margin (2018 - 2026)
TransMedics' quarterly Gross Margin came in at 58.16% in Q1 2026, down 331.0% year-on-year from 25.18% in Q1 2025, and little changed quarter-over-quarter from 58.11% in Q4 2025.
TransMedics has reported Gross Margin for 9 years, with the latest figure at 58.16% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 331.0% year-over-year to 58.16%; the trailing twelve-month figure through Mar 2026 stood at 59.09% (down 38.0% YoY), and the FY2025 full-year result 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.
- Average Gross Margin over 5 years is 63.4%, with a median of 61.38% recorded in 2025.
- Year-over-year, Gross Margin soared 801 bps in 2022 and plunged 944 bps in 2024.
- Tracing TMDX's Gross Margin over 5 years: stood at 65.99% in 2022, then retreated by 11 bps to 59.04% in 2023, then increased by 0 bps to 59.21% in 2024, then slipped by 2 bps to 58.11% in 2025, then grew by 0 bps to 58.16% in 2026.
- The last three Gross Margin figures came in at 58.16% (Q1 2026), 58.11% (Q4 2025), and 58.8% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 43.89% |
| 10 | TransMedics | 2.32 Bn | 1.86 Bn | 101.16 Mn | 58.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 72.26% |
| Sep 30, 2021 | 69.70% |
| Jun 30, 2021 | 64.49% |
| Mar 31, 2021 | 68.21% |
| Dec 31, 2020 | 63.30% |
| Sep 30, 2020 | 63.19% |
| Jun 30, 2020 | 56.30% |
| Mar 31, 2020 | 58.96% |
| Dec 28, 2019 | 61.76% |
| Sep 28, 2019 | 58.51% |
| Jun 29, 2019 | 58.82% |
| Mar 30, 2019 | 55.03% |
| Dec 29, 2018 | 42.30% |
| Sep 29, 2018 | 52.79% |
| Jun 30, 2018 | 40.45% |
| Mar 31, 2018 | 36.68% |