TransMedics Group Inc (TMDX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 154,093 | 65,272 | 21,159 | 16,635 | 13,863 |
| Revenue | US$ in thousands | 241,623 | 93,459 | 30,262 | 25,639 | 23,604 |
| Gross profit margin | 63.77% | 69.84% | 69.92% | 64.88% | 58.73% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $154,093K ÷ $241,623K
= 63.77%
TransMedics Group Inc's gross profit margin has exhibited a fluctuating trend over the past five years. The margin decreased from 58.73% in 2019 to 64.88% in 2020, before further declining to 69.92% in 2021. However, the trend reversed in the subsequent years, with the margin increasing to 69.84% in 2022 and then to 63.77% in 2023.
Overall, these fluctuations suggest that TransMedics Group Inc has experienced variability in its cost of goods sold relative to its revenue, impacting its gross profit margin. It may be important for stakeholders to further investigate the factors contributing to these changes in order to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023