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) Gross margin

Alert me on Gross margin

ICU Medical, Inc.'s gross margin over the twelve months to 30 September 2026 was 40.3%, up 3.4 percentage points from fiscal 2025 (36.8%). Over the past ten years it has ranged from 30.6% (fiscal 2022) to 53.1% (fiscal 2016); the current reading is higher than 55% of that period. That is below the Medical Instruments & Supplies industry median of 53.6% and below the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 36.8% 2.22
FY2024 34.6% 1.87
FY2023 32.8% 2.15
FY2022 30.6% (6.74)
FY2021 37.3% 1.03
FY2020 36.3% (0.96)
FY2019 37.3% (3.45)
FY2018 40.7% 7.76
FY2017 33.0% (20.13)
FY2016 53.1% 0.17

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 41.9% (0.72)
Jun 2026 42.6% 3.72
Mar 2026 38.9% 1.35
Dec 2025 37.5% 0.13
43 more quarters

Against its own ten years

Low 30.6% High 53.1%
Ten-year median 36.8%
Current reading's percentile 84

Gross margin against peers

Company Gross margin
ATRC AtriCure, Inc. compare 76.7%
NVST Envista Holdings Corporation compare 55.9%
TFX Teleflex Incorporated compare 54.9%
WRBY Warby Parker Inc. compare 54.8%
MMED MiniMed Group, Inc. compare 53.6%
MMSI Merit Medical Systems, Inc. compare 49.4%
ICUI ICU Medical, Inc. 40.3%
STVN Stevanato Group S.p.A. compare 29.1%
PLSE Pulse Biosciences, Inc compare 26.8%
Medical Instruments & Supplies industry median 53.6%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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