Filing Flows › Comparisons › LIVN vs TMDX
LivaNova vs TransMedics Group: LIVN and TMDX compared
LivaNova is the larger company: $393M of revenue in its latest quarter (Q3 2026) against $203M for TransMedics Group (Q3 2026). TransMedics Group is growing faster (+41% against +10% a year earlier). TransMedics Group is more profitable, with an operating margin of 13.9% against 7.2%.
Where the money goes: LIVN and TMDX
LivaNova (LIVN) · Q3 2026
LivaNova, Q3 2026: revenue $393M (+10% year over year), operating margin 7.2%, net earnings $34.3M, operating cash flow $73.7M. 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.
| LivaNova (LIVN) | TransMedics Group (TMDX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $393M | $203M |
| Revenue growth, Y/Y | +10% | +41% |
| Gross margin | 67.4% | 58.5% |
| Operating margin | 7.2% | 13.9% |
| Net earnings | $34.3M | $17.1M |
| Net margin | 8.7% | 8.4% |
| Operating cash flow | $73.7M | $36.0M |
| Free cash flow | $55.8M | $27.6M |
| Market value | $5.2B | $3.2B |
| P/E | 29.9× | 20.9× |
| Analysts’ mean target | $91.91 | $102.55 |
Where the revenue comes from
TransMedics Group
- Product: $113M (56%)
- Service: $89.6M (44%)
Questions
Which is bigger, LivaNova or TransMedics Group?
LivaNova is the larger company: $393M of revenue in its latest quarter (Q3 2026) against $203M for TransMedics Group (Q3 2026).
Is LivaNova or TransMedics Group growing faster?
TransMedics Group is growing faster (+41% against +10% a year earlier).
Which is more profitable, LivaNova or TransMedics Group?
TransMedics Group is more profitable, with an operating margin of 13.9% against 7.2%.
More: LivaNova earnings · how LivaNova makes money · TransMedics Group earnings · how TransMedics Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.