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Conmed vs TransMedics Group: CNMD and TMDX compared
Conmed is the larger company: $336M of revenue in its latest quarter (Q3 2026) against $203M for TransMedics Group (Q3 2026). TransMedics Group is growing faster (+41% against -0.7% a year earlier). TransMedics Group is more profitable, with an operating margin of 13.9% against 11.1%.
Where the money goes: CNMD and TMDX
Conmed (CNMD) · Q3 2026
Conmed, Q3 2026: revenue $336M (-0.7% year over year), operating margin 11.1%, net earnings $19.8M, operating cash flow $49.4M. The chart follows the revenue to costs, profit and cash.
TransMedics Group (TMDX) · Q3 2026
TransMedics Group, Q3 2026: revenue $203M (+41% year over year), operating margin 13.9%, net earnings $17.1M, operating cash flow $36.0M. The chart follows the revenue to costs, profit and cash.
| Conmed (CNMD) | TransMedics Group (TMDX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $336M | $203M |
| Revenue growth, Y/Y | -0.7% | +41% |
| Gross margin | 56.4% | 58.5% |
| Operating margin | 11.1% | 13.9% |
| Net earnings | $19.8M | $17.1M |
| Net margin | 5.9% | 8.4% |
| Operating cash flow | $49.4M | $36.0M |
| Free cash flow | $46.7M | $27.6M |
| Market value | $1.4B | $3.2B |
| P/E | 29.3× | 20.9× |
| Analysts’ mean target | $46.83 | $102.55 |
Where the revenue comes from
Conmed
- General Surgery: $187M (56%)
- Orthopedic Surgery: $149M (44%)
TransMedics Group
- Product: $113M (56%)
- Service: $89.6M (44%)
Questions
Which is bigger, Conmed or TransMedics Group?
Conmed is the larger company: $336M of revenue in its latest quarter (Q3 2026) against $203M for TransMedics Group (Q3 2026).
Is Conmed or TransMedics Group growing faster?
TransMedics Group is growing faster (+41% against -0.7% a year earlier).
Which is more profitable, Conmed or TransMedics Group?
TransMedics Group is more profitable, with an operating margin of 13.9% against 11.1%.
More: Conmed earnings · how Conmed makes money · TransMedics Group earnings · how TransMedics Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.