TransMedics Group stock analysis
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TransMedics Group (TMDX) Stock Price & Analysis
TMDX Stock Chart & Stats
- Day’s Range
- $91.17 - $94.28
- 52-Week Range
- $60.11 - $156.00
- Previous Close
- $92.00
- Volume
- N/A
- Average Volume (3M)
- 1.12M
- Market Cap
- $3.20B
- Enterprise Value
- $3.78B
- Total Cash (Recent Filing)
- $492.96M
- Total Debt (Recent Filing)
- $866.90M
- Price to Earnings (P/E)
- 21.8
- Beta
- 0.72
- Next Earnings
- Mar 02, 2027 (Est.)
- EPS Estimate
- 0.45
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Strong Revenue Growth
Rapid multi-year revenue expansion and 41% quarterly growth indicate strong adoption of the OCS ecosystem and related services. Continued case-volume growth can deepen customer utilization, expand the installed platform base, and support durable operating scale over the next several quarters.
Recurring Case-based Business Model
The combination of recurring consumables and case-based logistics services links revenue to transplant activity and customer utilization rather than only upfront device sales. This model can improve revenue visibility and create repeat purchasing as OCS penetration and procedure volumes increase.
Large Clinical Growth Pipeline
The heart and lung programs could materially expand the addressable market beyond current indications, while approved study protocols provide a defined path to generate clinical evidence. Successful execution could support broader adoption, international expansion, and additional recurring case revenue.
Bears Say
Higher Leverage
The sharp increase in debt relative to equity reduces financial flexibility and raises fixed obligations as the company continues investing in expansion. If margins remain under pressure, higher leverage could constrain capital allocation and make execution more sensitive to operating setbacks.
Weakening Cash Conversion
Positive operating cash flow is offset by weaker conversion of accounting earnings into cash and a substantial decline in free cash flow. This suggests working-capital needs or capital spending are absorbing profits, limiting internally funded investment and reducing balance-sheet resilience.
Margin Compression And Investment Burden
Operating leverage has weakened as strategic investment and expanding expenses outpace profitability, while service mix and PAD Aviation pressure gross margin. Although these investments may support growth, sustained cost intensity could delay margin recovery and reduce earnings durability.
TransMedics Group News
TransMedics Group: Buy Rating Reiterated, $106 Price Target Maintained on Strengthened Leadership and Robust 2026 Growth Outlook
In a report released today, Michael Matson from Needham maintained a Buy rating on TransMedics Group, with a price target of $106.00. Michael Matson has given his Buy rating due
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TransMedics Group Stock Smart Score
Company Description
TransMedics Group
TransMedics Group, Inc. operates as a commercial-stage medical technology enterprise, committed to transforming the landscape of organ transplant therapy for patients worldwide grappling with end-stage organ failure. At the core of their offerings is the Organ Care System (OCS), an innovative, portable solution engineered to perfuse, optimize, and continuously monitor donor organs. This system leverages exclusive, tailored technology to meticulously recreate near-physiological conditions for these vital organs while they remain outside the human body. The OCS suite encompasses specialized modules: OCS LUNG, which facilitates the preservation of standard criteria donor lungs for double-lung transplants; OCS Heart, designed for the extracorporeal perfusion and maintenance of donor hearts; and OCS Liver, dedicated to the preservation of donor livers. Founded in 1998, TransMedics is headquartered in Andover, Massachusetts.
- Sector
- Healthcare
- Industry
- Medical - Devices
- CEO
- Waleed H. Hassanein
- Employees
- 898
- Website
- www.transmedics.com
- Address
- 200 Minuteman Road, Andover, MA, 01810, US
TransMedics Group (TMDX) Earnings & Revenues
TMDX Company Deck
TMDX Earnings Call
Earnings Call SentimentPositive
The call was strongly positive. TransMedics reported record quarterly revenue and case volume, substantial year-over-year growth, market share gains, cash generation, improved product and service margins excluding PAD Aviation, raised full-year revenue guidance and multiple clinical, European and regulatory growth catalysts. The principal challenges were lower U.S. donor volume, seasonal and October flight softness, modest consolidated gross-margin pressure from mix and PAD Aviation, expected fourth-quarter service-margin normalization, elevated planned investment spending and pending regulatory milestones.
View all TMDX earnings summariesTMDX Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 11 | 3 | 8 |
| Technical Analysis | 2 | 3 | 5 |
| Moving Averages | 9 | 0 | 3 |















