• TransMedics average operating margin for 2023 was -15.74%, a 76.84% decline from 2022.
• TransMedics average operating margin for 2022 was -67.96%, a 40.34% decline from 2021.
• TransMedics average operating margin for 2021 was -113.92%, a 5.21% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.