TransMedics Group Inc (TMDX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -28,727 | -31,437 | -39,428 | -26,384 | -29,603 |
| Revenue | US$ in thousands | 241,623 | 93,459 | 30,262 | 25,639 | 23,604 |
| Operating profit margin | -11.89% | -33.64% | -130.29% | -102.91% | -125.42% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-28,727K ÷ $241,623K
= -11.89%
TransMedics Group Inc's operating profit margin has shown a significant improvement over the past five years, moving from negative margins in 2019, 2020, and 2021 to a slightly negative operating profit margin of -11.89% in 2023. This suggests that the company has been able to better control its operating expenses and generate more revenue relative to its costs in recent years. However, it is important to note that the company's operating profit margin is still negative, indicating that it is not yet consistently generating profits from its core operations. Further analysis of the company's operational efficiency and overall financial performance would be beneficial to assess the sustainability of this improvement in operating profit margin.
Peer comparison
Dec 31, 2023