Growth Metrics

TransMedics (TMDX) Operating Margin (2018 - 2026)

TransMedics has reported Operating Margin over the past 8 years, most recently at 40.26% for Q4 2025.

  • For Q4 2025, Operating Margin fell 4737.0% year-over-year to 40.26%; the TTM value through Dec 2025 reached 3.73%, down 476.0%, while the annual FY2025 figure was 3.73%, 476.0% down from the prior year.
  • Operating Margin for Q4 2025 was 40.26% at TransMedics, down from 16.2% in the prior quarter.
  • Over five years, Operating Margin peaked at 23.24% in Q2 2025 and troughed at 216.61% in Q3 2021.
  • A 5-year average of 35.27% and a median of 13.31% in 2022 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: crashed -15879bps in 2021 and later soared 19502bps in 2022.
  • Year by year, Operating Margin stood at 132.57% in 2021, then surged by 84bps to 21.61% in 2022, then soared by 115bps to 3.21% in 2023, then surged by 122bps to 7.11% in 2024, then plummeted by -667bps to 40.26% in 2025.
  • Business Quant data shows Operating Margin for TMDX at 40.26% in Q4 2025, 16.2% in Q3 2025, and 23.24% in Q2 2025.