TransMedics (TMDX) Return on Capital Employed [ROCE] (2019 - 2026)
TransMedics (TMDX) reported Return on Capital Employed [ROCE] of 6.04% for Q2 2026, down 3.45 percentage points from 9.48% a year earlier and down 2.10 percentage points from the prior quarter.
Powered by 
Analysis
TransMedics (TMDX) Return on Capital Employed [ROCE] (2019 - 2026) Analysis & Trends
For FY2025, TransMedics posted Return on Capital Employed [ROCE] of 12.82%, up 7.43 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased for four consecutive years, with a five-year change of +35.41 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 5.39% in FY2024 (+11.97 pp), -6.58% in FY2023 (+10.66 pp), -17.24% in FY2022 (+15.56 pp) and -32.80% in FY2021 (-10.20 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Capital Employed [ROCE] since Q4 2024.
- Year over year, Return on Capital Employed [ROCE] gained in seven of the last eight quarters, with an average year-over-year change of +6.27 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2023 (a gain of 39.72 percentage points); the low point was Q2 2022 (a drop of 22.08 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 8.14% (Q1 2026), 11.83% (Q4 2025) and 11.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 8.30% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 7.98% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 6.42% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | 18.58% |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 8.34% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 13.69% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 10.83% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 11.99% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 6.00% |
| 10 | TransMedics | 2.76 Bn | 874.10 Mn | 113.20 Mn | 6.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.04% |
| Mar 31, 2026 | 8.14% |
| Dec 31, 2025 | 11.83% |
| Sep 30, 2025 | 11.44% |
| Jun 30, 2025 | 9.48% |
| Mar 31, 2025 | 6.86% |
| Dec 31, 2024 | 5.10% |
| Sep 30, 2024 | 4.42% |
| Jun 30, 2024 | -0.12% |
| Mar 31, 2024 | -2.14% |
| Dec 31, 2023 | -4.47% |
| Sep 30, 2023 | -5.95% |
| Jun 30, 2023 | -3.35% |
| Mar 31, 2023 | -9.53% |
| Dec 31, 2022 | -12.46% |
| Sep 30, 2022 | -20.52% |
| Jun 30, 2022 | -43.07% |
| Mar 31, 2022 | -38.73% |
| Dec 31, 2021 | -35.91% |
| Sep 30, 2021 | -28.35% |
API Access
TransMedics Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=TMDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=TMDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();