TransMedics (TMDX) Gross Margin (2018 - 2026)
TransMedics' Gross Margin came in at 59.59% for Q2 2026, down 1.78 percentage points from 61.38% a year earlier but up 1.43 percentage points from the prior quarter.
Powered by 
Analysis
TransMedics (TMDX) Gross Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, TransMedics reported Gross Margin of 58.69%, down 1.10 percentage points year-over-year; for FY2025, it was 59.92%, up 0.56 percentage points from FY2024.
- Gross Margin carries a five-year change of -4.96 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 59.36% in FY2024 (-4.42 pp), 63.77% in FY2023 (-6.07 pp), 69.84% in FY2022 (-0.08 pp) and 69.92% in FY2021 (+5.04 pp).
- The five-year range for quarterly Gross Margin is 55.94% (Q3 2024) to 81.76% (Q4 2021).
- Year-over-year, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of -1.01 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2021 (a gain of 18.45 percentage points), and the weakest in Q4 2022 (a drop of 15.77 percentage points).
- Business Quant data shows TMDX's Gross Margin at 58.16% (Q1 2026), 58.11% (Q4 2025) and 58.80% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 46.46% |
| 10 | TransMedics | 2.89 Bn | 1.00 Bn | 113.20 Mn | 59.59% |
Historic Data
Download Data
Historic 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 | 69.70% |
API Access
TransMedics Gross Margin 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=gross-margin&ticker=TMDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=TMDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();