TransMedics Group Inc (TMDX)
Net profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 32,638 | 3,000 | -10,195 | -25,028 | -35,779 | -17,783 | -28,305 | -36,231 | -42,179 | -47,715 | -46,860 | -44,215 | -37,858 | -29,984 | -27,813 | -28,748 | -31,614 | -34,806 | -35,504 | -33,547 |
| Revenue (ttm) | US$ in thousands | 401,090 | 358,759 | 296,919 | 241,623 | 191,824 | 151,077 | 119,133 | 93,459 | 71,752 | 51,439 | 39,089 | 30,262 | 28,221 | 29,942 | 25,162 | 25,639 | 24,069 | 24,183 | 26,458 | 23,604 |
| Net profit margin | 8.14% | 0.84% | -3.43% | -10.36% | -18.65% | -11.77% | -23.76% | -38.77% | -58.78% | -92.76% | -119.88% | -146.11% | -134.15% | -100.14% | -110.54% | -112.13% | -131.35% | -143.93% | -134.19% | -142.12% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $32,638K ÷ $401,090K
= 8.14%
TransMedics Group Inc's net profit margin has shown a fluctuating trend over the past few quarters. The company experienced a positive net profit margin of 8.14% in September 2024, indicating that for every dollar of revenue generated, the company retained 8.14 cents as profit. Prior to that, the net profit margin had been low, reaching a low of -146.11% in March 2022, indicating that the company incurred significant losses relative to its revenue during that quarter.
The negative net profit margins observed in several quarters, such as -10.36% in December 2023 and -58.78% in September 2022, point to challenges in managing operating expenses and generating sufficient revenues to cover costs. It is noteworthy that the company has made efforts to improve its profitability as evidenced by the positive net profit margin in the most recent quarter.
Overall, the significant fluctuations in net profit margin suggest that TransMedics Group Inc has been experiencing variability in its profitability and financial performance. It would be essential for the company to focus on sustainable cost management strategies and revenue growth initiatives to ensure long-term profitability and financial stability.
Peer comparison
Sep 30, 2024