Growth Metrics

TransMedics (TMDX) Gross Margin (2018 - 2025)

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

  • Quarterly results put Gross Margin at 58.11% for Q4 2025, down 110.0% from a year ago — trailing twelve months through Dec 2025 was 59.92% (up 56.0% YoY), and the annual figure for FY2025 was 59.92%, up 56.0%.
  • Gross Margin for Q4 2025 was 58.11% at TransMedics, down from 58.8% in the prior quarter.
  • Over the last five years, Gross Margin for TMDX hit a ceiling of 81.76% in Q4 2021 and a floor of 55.94% in Q3 2024.
  • Median Gross Margin over the past 5 years was 63.2% (2021), compared with a mean of 65.19%.
  • Biggest five-year swings in Gross Margin: surged 1845bps in 2021 and later plummeted -1577bps in 2022.
  • TransMedics' Gross Margin stood at 81.76% in 2021, then fell by -19bps to 65.99% in 2022, then dropped by -11bps to 59.04% in 2023, then increased by 0bps to 59.21% in 2024, then fell by -2bps to 58.11% in 2025.
  • The last three reported values for Gross Margin were 58.11% (Q4 2025), 58.8% (Q3 2025), and 61.38% (Q2 2025) per Business Quant data.