TransMedics (TMDX) Work In Process (2018 - 2026)
TransMedics (TMDX) recorded Work In Process of $3.29 million in Q2 2026, down 15.2% from $3.88 million a year earlier but up 35.0% from the prior quarter.
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Analysis
TransMedics (TMDX) Work In Process (2018 - 2026) Analysis & Trends
At the end of FY2025, TransMedics reported Work In Process of $2.01 million, down 38.7% from FY2024.
- Annual Work In Process has a five-year compound annual growth rate of 12.7% (FY2020 to FY2025).
- Across earlier years, Work In Process came in at $3.27 million in FY2024 (-14.0%), $3.81 million in FY2023 (+102.9%), $1.88 million in FY2022 (-2.9%) and $1.93 million in FY2021 (+75.3%).
- Quarterly Work In Process has ranged from $1.64 million in Q3 2025 to $4.89 million in Q3 2024 over the past five years.
- On a year-over-year basis, Work In Process has declined for seven consecutive quarters, with an average decline of 16.3% over the last eight quarters.
- Peak year-over-year performance for Work In Process in the last five years was growth of 102.9% in Q4 2023, against a decline of 66.5% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.44 million (Q1 2026), $2.01 million (Q4 2025) and $1.64 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn |
| 10 | TransMedics | 2.89 Bn | 1.00 Bn | 113.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.29 Mn |
| Mar 31, 2026 | 2.44 Mn |
| Dec 31, 2025 | 2.01 Mn |
| Sep 30, 2025 | 1.64 Mn |
| Jun 30, 2025 | 3.88 Mn |
| Mar 31, 2025 | 3.79 Mn |
| Dec 31, 2024 | 3.27 Mn |
| Sep 30, 2024 | 4.89 Mn |
| Jun 30, 2024 | 4.05 Mn |
| Mar 31, 2024 | 4.53 Mn |
| Dec 31, 2023 | 3.81 Mn |
| Sep 30, 2023 | 3.05 Mn |
| Jun 30, 2023 | 2.88 Mn |
| Mar 31, 2023 | 2.26 Mn |
| Dec 31, 2022 | 1.88 Mn |
| Sep 30, 2022 | 1.72 Mn |
| Jun 30, 2022 | 1.69 Mn |
| Mar 31, 2022 | 2.50 Mn |
| Dec 31, 2021 | 1.93 Mn |
| Sep 30, 2021 | 1.79 Mn |
API Access
TransMedics Work In Process 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=work-in-process&ticker=TMDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "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=work-in-process&ticker=TMDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();