ICU Medical, Inc.

ICUI Healthcare Medical Instruments & Supplies

ICU Medical, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, down 6.33% from fiscal 2024.

Revenue
+4.37%
EPS
+864.3%
Free cash flow
+292.2%
Total debt
−12.3%

Quarter to September 2026, against a year earlier

166.97 5.65 −3.27%
Market cap
$4.2B
P/E
69.3×
Fwd P/E
48.8×
Dividend yield
—
F-score
6/9
Altman Z
2.12
Beneish M
−2.65
Dividend safety
n/a

ICU Medical, Inc. (ICUI) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, ICU Medical, Inc. (ICUI) trades at a EV/EBITDA of 16.0×. Over the past ten years it has ranged from 11.2× (February 2016) to 430× (December 2017); the current reading is higher than 20% of that period. That is above the Medical Instruments & Supplies industry median of 14.9× and above the Healthcare sector median of 8.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 18.0× (4.25%)
FY2024 18.8× 27.04%
FY2023 14.8× (36.47%)
FY2022 23.3× 10.32%
FY2021 21.1× (5.74%)
FY2020 22.4× 14.73%
FY2019 19.5× (53.26%)
FY2018 41.7× (44.43%)
FY2017 75.1× 301.25%
FY2016 18.7× 17.26%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 15.5× (6.53%)
Jun 2026 16.6× (1.15%)
Mar 2026 16.8× (6.84%)
Dec 2025 18.0× 27.23%
43 more quarters

Against its own ten years

Low 11.2× High 430×
Ten-year median 20.2×
Current reading's percentile 20

EV/EBITDA against peers

Company EV/EBITDA
PLSE Pulse Biosciences, Inc compare n/m
MMED MiniMed Group, Inc. compare n/m
NVST Envista Holdings Corporation compare 10.3×
STVN Stevanato Group S.p.A. compare 11.3×
MMSI Merit Medical Systems, Inc. compare 15.5×
ICUI ICU Medical, Inc. 16.0×
TFX Teleflex Incorporated compare 35.7×
WRBY Warby Parker Inc. compare 50.2×
ATRC AtriCure, Inc. compare 83.7×
Medical Instruments & Supplies industry median 14.9×
Healthcare sector median 8.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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