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) Operating margin

Alert me on Operating margin

ICU Medical, Inc.'s operating margin over the twelve months to 30 September 2026 was 5.07%, up 3.2 percentage points from fiscal 2025 (1.92%). Over the past ten years it has ranged from −1.88% (fiscal 2022) to 21.9% (fiscal 2016); the current reading is higher than 45% of that period. That is above the Medical Instruments & Supplies industry median of 1.97% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 1.92% 0.12
FY2024 1.80% 0.79
FY2023 1.01% 2.89
FY2022 −1.88% (11.24)
FY2021 9.36% 1.64
FY2020 7.72% (0.76)
FY2019 8.48% 6.35
FY2018 2.13% 3.16
FY2017 −1.03% (22.89)
FY2016 21.9% 1.79

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 9.34% 2.25
Jun 2026 7.09% 4.53
Mar 2026 2.56% 1.52
Dec 2025 1.04% (1.51)
43 more quarters

Against its own ten years

Low −1.88% High 21.9%
Ten-year median 2.13%
Current reading's percentile 60

Operating margin against peers

Company Operating margin
NVST Envista Holdings Corporation compare 25.4%
STVN Stevanato Group S.p.A. compare 16.6%
MMSI Merit Medical Systems, Inc. compare 13.5%
ICUI ICU Medical, Inc. 5.07%
ATRC AtriCure, Inc. compare 2.89%
TFX Teleflex Incorporated compare 1.97%
WRBY Warby Parker Inc. compare 0.16%
MMED MiniMed Group, Inc. compare −2.89%
PLSE Pulse Biosciences, Inc compare −5,821.1%
Medical Instruments & Supplies industry median 1.97%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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