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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) and TransMedics Group, Inc. (TMDX). Click either name above to swap in a different company.

TransMedics Group, Inc. is the larger business by last-quarter revenue ($160.8M vs $133.7M, roughly 1.2× FIRST COMMONWEALTH FINANCIAL CORP). TransMedics Group, Inc. runs the higher net margin — 65.6% vs 28.1%, a 37.5% gap on every dollar of revenue. On growth, TransMedics Group, Inc. posted the faster year-over-year revenue change (32.2% vs 13.0%). Over the past eight quarters, TransMedics Group, Inc.'s revenue compounded faster (28.8% CAGR vs 5.5%).

First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.

TransMedics Group, Inc. develops and commercializes innovative medical technologies for organ transplantation. Its flagship Organ Care System keeps donor organs viable during transport, improving transplant outcomes for heart, lung, liver and kidney recipients. It serves transplant centers and organ procurement organizations across North America, Europe and Asia-Pacific.

FCF vs TMDX — Head-to-Head

Bigger by revenue
TMDX
TMDX
1.2× larger
TMDX
$160.8M
$133.7M
FCF
Growing faster (revenue YoY)
TMDX
TMDX
+19.2% gap
TMDX
32.2%
13.0%
FCF
Higher net margin
TMDX
TMDX
37.5% more per $
TMDX
65.6%
28.1%
FCF
Faster 2-yr revenue CAGR
TMDX
TMDX
Annualised
TMDX
28.8%
5.5%
FCF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCF
FCF
TMDX
TMDX
Revenue
$133.7M
$160.8M
Net Profit
$37.5M
$105.4M
Gross Margin
58.1%
Operating Margin
13.2%
Net Margin
28.1%
65.6%
Revenue YoY
13.0%
32.2%
Net Profit YoY
14.8%
1436.9%
EPS (diluted)
$0.37
$2.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FCF
FCF
TMDX
TMDX
Q1 26
$133.7M
Q4 25
$137.9M
$160.8M
Q3 25
$136.0M
$143.8M
Q2 25
$131.0M
$157.4M
Q1 25
$118.0M
$143.5M
Q4 24
$120.4M
$121.6M
Q3 24
$121.2M
$108.8M
Q2 24
$120.2M
$114.3M
Net Profit
FCF
FCF
TMDX
TMDX
Q1 26
$37.5M
Q4 25
$44.9M
$105.4M
Q3 25
$41.3M
$24.3M
Q2 25
$33.4M
$34.9M
Q1 25
$32.7M
$25.7M
Q4 24
$35.8M
$6.9M
Q3 24
$32.1M
$4.2M
Q2 24
$37.1M
$12.2M
Gross Margin
FCF
FCF
TMDX
TMDX
Q1 26
Q4 25
58.1%
Q3 25
58.8%
Q2 25
61.4%
Q1 25
61.5%
Q4 24
59.2%
Q3 24
55.9%
Q2 24
60.6%
Operating Margin
FCF
FCF
TMDX
TMDX
Q1 26
Q4 25
40.9%
13.2%
Q3 25
38.1%
16.2%
Q2 25
32.1%
23.2%
Q1 25
34.8%
19.1%
Q4 24
37.1%
7.1%
Q3 24
33.4%
3.6%
Q2 24
38.7%
10.9%
Net Margin
FCF
FCF
TMDX
TMDX
Q1 26
28.1%
Q4 25
32.5%
65.6%
Q3 25
30.4%
16.9%
Q2 25
25.5%
22.2%
Q1 25
27.7%
17.9%
Q4 24
29.8%
5.6%
Q3 24
26.5%
3.9%
Q2 24
30.9%
10.7%
EPS (diluted)
FCF
FCF
TMDX
TMDX
Q1 26
$0.37
Q4 25
$0.44
$2.59
Q3 25
$0.39
$0.66
Q2 25
$0.32
$0.92
Q1 25
$0.32
$0.70
Q4 24
$0.35
$0.19
Q3 24
$0.31
$0.12
Q2 24
$0.36
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FCF
FCF
TMDX
TMDX
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$154.9M
Stockholders' EquityBook value
$1.6B
$473.1M
Total Assets
$12.3B
$1.1B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCF
FCF
TMDX
TMDX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$330.1M
Q2 24
$362.8M
Total Debt
FCF
FCF
TMDX
TMDX
Q1 26
$154.9M
Q4 25
$261.7M
Q3 25
$262.1M
Q2 25
$262.4M
Q1 25
$262.7M
Q4 24
$263.0M
Q3 24
$136.3M
Q2 24
$136.6M
Stockholders' Equity
FCF
FCF
TMDX
TMDX
Q1 26
$1.6B
Q4 25
$1.6B
$473.1M
Q3 25
$1.5B
$355.2M
Q2 25
$1.5B
$318.1M
Q1 25
$1.4B
$266.3M
Q4 24
$1.4B
$228.6M
Q3 24
$1.4B
$209.9M
Q2 24
$1.4B
$189.9M
Total Assets
FCF
FCF
TMDX
TMDX
Q1 26
$12.3B
Q4 25
$12.3B
$1.1B
Q3 25
$12.3B
$946.0M
Q2 25
$12.2B
$890.5M
Q1 25
$11.8B
$837.5M
Q4 24
$11.6B
$804.1M
Q3 24
$12.0B
$785.6M
Q2 24
$11.6B
$758.6M
Debt / Equity
FCF
FCF
TMDX
TMDX
Q1 26
0.10×
Q4 25
0.17×
Q3 25
0.17×
Q2 25
0.17×
Q1 25
0.18×
Q4 24
0.19×
Q3 24
0.10×
Q2 24
0.10×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FCF
FCF
TMDX
TMDX
Operating Cash FlowLast quarter
$34.5M
Free Cash FlowOCF − Capex
$19.0M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
9.7%
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters
$133.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCF
FCF
TMDX
TMDX
Q1 26
Q4 25
$187.5M
$34.5M
Q3 25
$49.5M
$69.6M
Q2 25
$30.4M
$91.6M
Q1 25
$55.9M
$-2.9M
Q4 24
$129.5M
$19.7M
Q3 24
$53.6M
$6.9M
Q2 24
$22.7M
$25.7M
Free Cash Flow
FCF
FCF
TMDX
TMDX
Q1 26
Q4 25
$171.5M
$19.0M
Q3 25
$61.9M
Q2 25
$82.5M
Q1 25
$-29.9M
Q4 24
$113.9M
$6.1M
Q3 24
$-41.3M
Q2 24
$2.0M
FCF Margin
FCF
FCF
TMDX
TMDX
Q1 26
Q4 25
124.3%
11.8%
Q3 25
43.1%
Q2 25
52.4%
Q1 25
-20.8%
Q4 24
94.6%
5.0%
Q3 24
-38.0%
Q2 24
1.7%
Capex Intensity
FCF
FCF
TMDX
TMDX
Q1 26
Q4 25
11.7%
9.7%
Q3 25
5.3%
Q2 25
5.8%
Q1 25
18.8%
Q4 24
12.9%
11.2%
Q3 24
44.3%
Q2 24
20.8%
Cash Conversion
FCF
FCF
TMDX
TMDX
Q1 26
Q4 25
4.18×
0.33×
Q3 25
1.20×
2.86×
Q2 25
0.91×
2.62×
Q1 25
1.71×
-0.11×
Q4 24
3.61×
2.87×
Q3 24
1.67×
1.63×
Q2 24
0.61×
2.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FCF
FCF

Segment breakdown not available.

TMDX
TMDX

Liver Product$127.0M79%
Heart Product$26.0M16%
Other$5.9M4%
Lung Product$1.9M1%

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