Correlation
The correlation between TMDX and FTNT is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
TMDX vs. FTNT
Compare and contrast key facts about TransMedics Group, Inc. (TMDX) and Fortinet, Inc. (FTNT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMDX or FTNT.
Performance
TMDX vs. FTNT - Performance Comparison
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Key characteristics
TMDX:
-0.10
FTNT:
1.81
TMDX:
0.26
FTNT:
2.82
TMDX:
1.04
FTNT:
1.39
TMDX:
-0.16
FTNT:
2.30
TMDX:
-0.25
FTNT:
9.71
TMDX:
43.39%
FTNT:
7.34%
TMDX:
69.15%
FTNT:
42.27%
TMDX:
-73.69%
FTNT:
-51.20%
TMDX:
-27.82%
FTNT:
-11.16%
Fundamentals
TMDX:
$4.33B
FTNT:
$78.10B
TMDX:
$1.41
FTNT:
$2.42
TMDX:
90.16
FTNT:
42.06
TMDX:
8.86
FTNT:
12.72
TMDX:
16.22
FTNT:
39.79
TMDX:
$488.23M
FTNT:
$6.14B
TMDX:
$290.25M
FTNT:
$5.00B
TMDX:
$82.66M
FTNT:
$2.34B
Returns By Period
In the year-to-date period, TMDX achieves a 103.88% return, which is significantly higher than FTNT's 7.73% return.
TMDX
103.88%
40.54%
46.60%
-6.80%
63.34%
57.28%
N/A
FTNT
7.73%
-2.33%
7.08%
71.58%
20.05%
29.60%
29.05%
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Risk-Adjusted Performance
TMDX vs. FTNT — Risk-Adjusted Performance Rank
TMDX
FTNT
TMDX vs. FTNT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TransMedics Group, Inc. (TMDX) and Fortinet, Inc. (FTNT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
TMDX vs. FTNT - Dividend Comparison
Neither TMDX nor FTNT has paid dividends to shareholders.
Drawdowns
TMDX vs. FTNT - Drawdown Comparison
The maximum TMDX drawdown since its inception was -73.69%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for TMDX and FTNT.
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Volatility
TMDX vs. FTNT - Volatility Comparison
TransMedics Group, Inc. (TMDX) has a higher volatility of 19.77% compared to Fortinet, Inc. (FTNT) at 12.05%. This indicates that TMDX's price experiences larger fluctuations and is considered to be riskier than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
TMDX vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between TransMedics Group, Inc. and Fortinet, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TMDX vs. FTNT - Profitability Comparison
TMDX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, TransMedics Group, Inc. reported a gross profit of 88.23M and revenue of 143.54M. Therefore, the gross margin over that period was 61.5%.
FTNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Fortinet, Inc. reported a gross profit of 1.25B and revenue of 1.54B. Therefore, the gross margin over that period was 81.0%.
TMDX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, TransMedics Group, Inc. reported an operating income of 27.44M and revenue of 143.54M, resulting in an operating margin of 19.1%.
FTNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Fortinet, Inc. reported an operating income of 453.80M and revenue of 1.54B, resulting in an operating margin of 29.5%.
TMDX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, TransMedics Group, Inc. reported a net income of 25.68M and revenue of 143.54M, resulting in a net margin of 17.9%.
FTNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Fortinet, Inc. reported a net income of 433.40M and revenue of 1.54B, resulting in a net margin of 28.2%.