Medical device stocks with the highest profit margins

Ranked

17

of 30 medical device stocks we cover

Median

9.5%

Highest

22.7%

TMDX

Range

−66.7% to 22.7%

#	Company	Net margin	Operating margin	Revenue growth (TTM)	Market cap
1	TMDXTransMedics	22.7%	12.2%	+25.8%	$2.5B
2	DXCMDexCom	20.1%	22.9%	+15.5%	$29.4B
3	BSXBoston Scientific	17.5%	19.8%	+13.5%	$66.2B
4	EWEdwards Lifesciences	15.4%	22.3%	+14.6%	$51.3B
5	ELMDElectromed	15.3%	18.8%	+15.3%	$220.6M
6	SYKStryker	14.4%	21.4%	+8.5%	$117.8B
7	MDTMedtronic	13.9%	18.1%	+9.8%	$122B
8	LIVNLivaNova	12.8%	12.7%	+12.4%	$4.5B
9	ZBHZimmer Biomet	9.5%	14.2%	+8.6%	$18.8B
10	GEHCGE HealthCare Technologies	9.3%	12.9%	+6.5%	$32.3B
11	ITGRInteger	7.0%	9.7%	+2.7%	$4.3B
12	CNMDCONMED	4.1%	8.0%	+3.4%	$1.5B
13	IRIXIridex	−6.9%	−5.4%	+3.7%	$13.1M
14	AXGNAxogen	−13.4%	−5.1%	+23.6%	$2B
15	OMOutset Medical	−63.1%	−56.1%	−1.3%	$77.1M
16	CBLLCeribell	−64.7%	−68.6%	+31.7%	$1B
17	BFLYButterfly Network	−66.7%	−70.8%	+28.1%	$1.8B

Not ranked: 5 with a margin moved by items that are not sales, 4 with under $50M of revenue, 2 with a quarter missing. 2 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.