TransMedics (TMDX) Invested Capital (2018 - 2026)
TransMedics (TMDX) recorded Invested Capital of $577.8 million in Q2 2026, up 53.0% from $377.63 million a year earlier and up 4.4% from the prior quarter.
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Analysis
TransMedics (TMDX) Invested Capital (2018 - 2026) Analysis & Trends
For FY2025, TransMedics reported Invested Capital of $532.69 million, up 85.0% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of 30.9% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $287.98 million in FY2024 (+46.7%), $196.27 million in FY2023 (-20.2%), $246.07 million in FY2022 (+138.8%) and $103.05 million in FY2021 (-25.6%).
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q4 2018.
- On a year-over-year basis, Invested Capital has increased for nine consecutive quarters, with growth averaging 56.8% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 164.0% in Q1 2023, against a decline of 30.3% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $553.67 million (Q1 2026), $532.69 million (Q4 2025) and $414.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 95.24 Bn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 84.37 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 79.15 Bn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 79.00 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 38.93 Bn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 37.80 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 11.32 Bn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 41.22 Bn |
| 10 | TransMedics | 2.89 Bn | 1.00 Bn | 113.20 Mn | 577.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 577.80 Mn |
| Mar 31, 2026 | 553.67 Mn |
| Dec 31, 2025 | 532.69 Mn |
| Sep 30, 2025 | 414.80 Mn |
| Jun 30, 2025 | 377.63 Mn |
| Mar 31, 2025 | 325.76 Mn |
| Dec 31, 2024 | 287.98 Mn |
| Sep 30, 2024 | 269.21 Mn |
| Jun 30, 2024 | 249.11 Mn |
| Mar 31, 2024 | 218.61 Mn |
| Dec 31, 2023 | 196.27 Mn |
| Sep 30, 2023 | 185.45 Mn |
| Jun 30, 2023 | 204.12 Mn |
| Mar 31, 2023 | 251.43 Mn |
| Dec 31, 2022 | 246.07 Mn |
| Sep 30, 2022 | 246.40 Mn |
| Jun 30, 2022 | 86.42 Mn |
| Mar 31, 2022 | 95.24 Mn |
| Dec 31, 2021 | 103.05 Mn |
| Sep 30, 2021 | 113.61 Mn |
API Access
TransMedics Invested Capital 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=invested-capital&ticker=TMDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=TMDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();