TransMedics Group Inc (TMDX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 34,137 | 2,963 | -10,170 | -25,188 | -37,135 | -17,613 | -28,134 | -36,065 | -57,215 | -62,761 | -61,922 | -59,279 | -37,861 | -29,990 | -27,819 | -28,748 | -31,622 | -34,810 | -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 |
| Pretax margin | 8.51% | 0.83% | -3.43% | -10.42% | -19.36% | -11.66% | -23.62% | -38.59% | -79.74% | -122.01% | -158.41% | -195.89% | -134.16% | -100.16% | -110.56% | -112.13% | -131.38% | -143.94% | -134.19% | -142.12% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $34,137K ÷ $401,090K
= 8.51%
TransMedics Group Inc's pretax margin has shown significant fluctuations over the past few quarters. The pretax margin was positive in the most recent quarter at 8.51%, reflecting the company's ability to generate profits before taxes. However, in the previous quarters, the pretax margin was negative, indicating that the company's expenses exceeded its revenues, leading to operating losses.
The business faced challenges in profitability particularly in the quarters ending in March 2022, December 2021, and September 2021, with pretax margins of -158.41%, -195.89%, and -134.16% respectively. These exceptionally low margins suggest operational inefficiencies or financial difficulties during those periods.
It is essential for TransMedics Group Inc to sustain its positive pretax margin and work towards improving its profitability by managing costs effectively, increasing revenues, and optimizing its operations to ensure long-term financial health and sustainability.
Peer comparison
Sep 30, 2024