TMDX - TransMedics Group, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$122.67
DETAILS
HIGH:
$142.00
LOW:
$75.00
MEDIAN:
$129.50
CONSENSUS:
$122.67
UPSIDE:
76.07%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 605.5 | 441.5 | 241.6 | 93.5 | 30.3 | 25.6 | 23.6 | 13.0 | 7.7 | 6.2 |
| Cost of Revenue | 242.7 | 179.5 | 87.5 | 28.2 | 9.1 | 9.0 | 9.7 | 7.3 | 5.5 | 5.4 |
| Gross Profit | 362.8 | 262.1 | 154.1 | 65.3 | 21.2 | 16.6 | 13.9 | 5.7 | 2.1 | 0.8 |
| Operating Expenses | ||||||||||
| R&D Expenses | 69.1 | 56.0 | 63.3 | 26.8 | 22.3 | 18.8 | 19.9 | 13.7 | 15.0 | 15.6 |
| SG&A Expenses | 185.2 | 168.6 | 119.6 | 69.9 | 38.3 | 24.2 | 23.6 | 12.3 | 7.6 | 8.1 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | 0 | 0.0 |
| Operating Expenses | 254.2 | 224.6 | 182.8 | 96.7 | 60.6 | 43.0 | 43.5 | 26.0 | 22.6 | 23.8 |
| Operating Income | ||||||||||
| Operating Income | 108.6 | 37.5 | (28.7) | (31.4) | (39.4) | (26.4) | (29.6) | (20.2) | (20.4) | (23.0) |
| Interest Expense | 13.8 | 14.4 | 10.8 | 3.7 | 3.9 | 4.0 | 4.4 | 2.4 | 1.1 | 1.0 |
| Interest Income | 0 | 0 | 12.5 | 0.9 | 0 | 1.7 | 0.8 | 0 | 0.5 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 148.5 | 69.9 | (7.7) | (29.0) | (38.5) | (23.2) | (27.9) | (20.2) | (19.1) | (22.7) |
| EBIT | 121.3 | 50.2 | (15.9) | (32.4) | (40.3) | (24.7) | (29.2) | (21.0) | (19.7) | (23.1) |
| Income Before Tax | 107.5 | 35.8 | (26.7) | (36.2) | (44.2) | (28.7) | (33.5) | (23.7) | (20.8) | (24.1) |
| Income Tax Expense | (82.8) | 0.3 | (1.6) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Net Income | 190.3 | 35.5 | (25.0) | (36.2) | (44.2) | (28.7) | (33.5) | (23.8) | (20.8) | (24.1) |
| Per Share Data | ||||||||||
| EPS (Basic) | 5.60 | 1.07 | -0.77 | -1.23 | -1.60 | -1.16 | -2.36 | -1.23 | -1.44 | -1.66 |
| EPS (Diluted) | 4.87 | 1.01 | -0.77 | -1.23 | -1.60 | -1.16 | -2.36 | -1.23 | -1.44 | -1.66 |
| Shares Outstanding | 34.0 | 33.2 | 32.5 | 29.6 | 27.6 | 24.7 | 14.2 | 19.2 | 14.5 | 14.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 488.4 | 336.6 | 394.8 | 201.2 | 25.6 | 24.6 | 20.1 | 20.2 | 11.9 | 9.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 66.9 | 101.1 | 60.6 | 0 | 12.7 | 38.0 |
| Net Receivables | 84.3 | 97.7 | 63.6 | 27.6 | 5.9 | 6.9 | 6.6 | 3.4 | 0.9 | 1.4 |
| Inventory | 48.9 | 46.6 | 44.2 | 20.6 | 14.9 | 11.9 | 11.2 | 9.3 | 8.0 | 6.3 |
| Other Current Assets | 16.3 | 16.3 | 8.0 | 2.9 | 5.5 | 2.3 | 1.5 | 0 | 0 | 0 |
| Total Current Assets | 637.8 | 497.2 | 510.7 | 252.3 | 118.7 | 146.8 | 100.0 | 34.8 | 34.0 | 55.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 332.8 | 292.5 | 180.5 | 24.4 | 15.7 | 4.8 | 4.8 | 3.5 | 2.5 | 1.7 |
| Goodwill | 11.5 | 11.5 | 12.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.9 | 2.2 | 2.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0.5 | 0.5 | 0 | 0.5 | 0.5 | 0.5 | 0 |
| Other Non-Current Assets | 0.7 | 0.7 | 0.6 | 0 | 0 | 0.5 | 0.0 | 3.4 | 0.0 | 0.5 |
| Total Non-Current Assets | 430.6 | 306.9 | 195.4 | 24.9 | 16.2 | 5.3 | 5.3 | 7.4 | 3.0 | 2.2 |
| Total Assets | 1,068.4 | 804.1 | 706.0 | 277.1 | 134.9 | 152.0 | 105.3 | 42.2 | 37.0 | 58.1 |
| Current Liabilities | ||||||||||
| Account Payables | 10.3 | 10.3 | 12.7 | 3.3 | 6.7 | 1.2 | 7.2 | 4.7 | 3.5 | 4.2 |
| Short-Term Debt | 13.3 | 2.7 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 0 |
| Deferred Revenue | 2.9 | 1.7 | 2.0 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.2 | 0 |
| Other Current Liabilities | 62.7 | 45.2 | 17.9 | 8.8 | 11.2 | 6.4 | 0.4 | 0.7 | 0.6 | 0.5 |
| Total Current Liabilities | 89.3 | 59.9 | 54.9 | 23.7 | 23.2 | 11.9 | 16.1 | 12.6 | 10.9 | 9.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 456.4 | 509.3 | 506.2 | 58.7 | 35.2 | 34.7 | 34.1 | 33.7 | 6.8 | 8.4 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.8) | (1.1) | 0 |
| Other Non-Current Liabilities | 49.6 | 0 | 0 | 0 | 0 | 1.6 | 0.4 | 0.8 | 188.0 | 1.4 |
| Total Non-Current Liabilities | 506.0 | 515.6 | 513.9 | 66.1 | 43.8 | 36.3 | 34.5 | 34.4 | 194.8 | 9.8 |
| Total Liabilities | 595.3 | 575.5 | 568.8 | 89.8 | 67.0 | 48.1 | 50.6 | 47.0 | 205.7 | 19.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 750.9 | 697.2 | 641.1 | 666.3 | 510.5 | 502.2 | 424.1 | 331.2 | 0.0 | 0.0 |
| Retained Earnings | (277.9) | (468.2) | (503.7) | (478.7) | (442.4) | (398.2) | (369.5) | (335.9) | (312.2) | (291.4) |
| Accumulated Other Comprehensive Income | 0.1 | (0.4) | (0.2) | (0.2) | (0.2) | (0.1) | (0.0) | (0.1) | (0.1) | (0.4) |
| Total Stockholders' Equity | 473.1 | 228.6 | 137.2 | 187.4 | 67.9 | 103.9 | 54.6 | (4.8) | (168.7) | 38.8 |
| Total Liabilities & Equity | 1,068.4 | 804.1 | 706.0 | 277.1 | 134.9 | 152.0 | 105.3 | 42.2 | 37.0 | 58.1 |
| Debt Metrics | ||||||||||
| Total Debt | 469.7 | 518.3 | 515.9 | 67.6 | 43.8 | 34.7 | 34.1 | 33.7 | 8.7 | 8.4 |
| Net Debt | (18.7) | 181.6 | 121.1 | (133.6) | 18.2 | 10.1 | 14.1 | 13.4 | (3.3) | (1.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 190.3 | 35.5 | (25.0) | (36.2) | (44.2) | (28.7) | (33.5) | (23.8) | (20.8) | (24.1) |
| Depreciation & Amortization | 27.2 | 19.8 | 8.2 | 3.5 | 1.8 | 1.6 | 1.2 | 0.8 | 0.6 | 0.4 |
| Stock-Based Compensation | 36.9 | 33.2 | 19.8 | 10.3 | 6.9 | 2.4 | 0.9 | 0.1 | 0.1 | 0.0 |
| Change in Working Capital | 17.3 | (45) | (44.3) | (26.8) | 3.0 | (5.6) | (1.6) | (4.3) | (2.8) | (0.9) |
| Other Non-Cash Items | 4.8 | 5.4 | 30.0 | 3.4 | 3.7 | 0.5 | 0.5 | 0.2 | 0.1 | 0.1 |
| Operating Cash Flow | 192.8 | 48.8 | (13.0) | (45.8) | (28.9) | (30.3) | (32.3) | (26.0) | (23.1) | (24.1) |
| Investing Activities | ||||||||||
| Capital Expenditure | (59.3) | (129.7) | (179.1) | (11.9) | (3.5) | (0.5) | (0.2) | (0.4) | (0.3) | (1.5) |
| Acquisitions | 0 | 0.4 | (14.9) | 0.1 | 0 | 41.1 | 60.3 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | (10.5) | (72.0) | (121.8) | (82.4) | 0 | (19.2) | (46.5) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 76.9 | 104.8 | 80.7 | 22.0 | 12.7 | 44.3 | 8.3 |
| Other Investing Activities | 0 | (129.7) | (27.2) | (0.1) | 0 | (41.1) | (60.3) | 12.7 | 25.1 | (38.2) |
| Investing Cash Flow | (59.3) | (129.3) | (194.0) | 54.5 | 29.3 | (41.6) | (60.5) | 12.3 | 24.9 | (39.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 445.4 | 22.5 | 0 | 0 | 0 | 24.4 | 0 | 0 |
| Stock Repurchased | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 17.0 | 0 | (45.0) | 5.6 | 1.4 | 0.6 | (4.6) | (2.3) | 0.0 | (0.1) |
| Financing Cash Flow | 16.9 | 22.9 | 400.4 | 167.9 | 1.4 | 75.5 | 92.7 | 22.1 | 0.0 | 63.5 |
| Cash Position | ||||||||||
| Net Change in Cash | 151.7 | (58.2) | 193.6 | 175.6 | 1.0 | 4.5 | (0.1) | 8.3 | 2.1 | (0.2) |
| Cash at Beginning | 337.1 | 395.3 | 201.7 | 26.1 | 25.1 | 20.6 | 20.7 | 12.4 | 10.3 | 10.6 |
| Cash at End | 488.9 | 337.1 | 395.3 | 201.7 | 26.1 | 25.1 | 20.6 | 20.7 | 12.4 | 10.3 |
| Free Cash Flow | 133.6 | (80.9) | (192.1) | (57.7) | (32.4) | (30.7) | (32.5) | (26.4) | (23.4) | (25.6) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 605.5 | 441.5 | 241.6 | 93.5 | 30.3 | 25.6 | 23.6 | 13.0 | 7.7 | 6.2 |
| Gross Profit | 362.8 | 262.1 | 154.1 | 65.3 | 21.2 | 16.6 | 13.9 | 5.7 | 2.1 | 0.8 |
| Operating Income | 108.6 | 37.5 | (28.7) | (31.4) | (39.4) | (26.4) | (29.6) | (20.2) | (20.4) | (23.0) |
| Net Income | 190.3 | 35.5 | (25.0) | (36.2) | (44.2) | (28.7) | (33.5) | (23.8) | (20.8) | (24.1) |
| EPS (Diluted) | 4.87 | 1.01 | -0.77 | -1.23 | -1.60 | -1.16 | -2.36 | -1.23 | -1.44 | -1.66 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 488.4 | 336.6 | 394.8 | 201.2 | 25.6 | 24.6 | 20.1 | 20.2 | 11.9 | 9.8 |
| Total Assets | 1,068.4 | 804.1 | 706.0 | 277.1 | 134.9 | 152.0 | 105.3 | 42.2 | 37.0 | 58.1 |
| Total Debt | 469.7 | 518.3 | 515.9 | 67.6 | 43.8 | 34.7 | 34.1 | 33.7 | 8.7 | 8.4 |
| Stockholders' Equity | 473.1 | 228.6 | 137.2 | 187.4 | 67.9 | 103.9 | 54.6 | (4.8) | (168.7) | 38.8 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 192.8 | 48.8 | (13.0) | (45.8) | (28.9) | (30.3) | (32.3) | (26.0) | (23.1) | (24.1) |
| Capital Expenditure | (59.3) | (129.7) | (179.1) | (11.9) | (3.5) | (0.5) | (0.2) | (0.4) | (0.3) | (1.5) |
| Free Cash Flow | 133.6 | (80.9) | (192.1) | (57.7) | (32.4) | (30.7) | (32.5) | (26.4) | (23.4) | (25.6) |