IceCure Medical (ICCM) Gross Margin (2020 - 2026)

IceCure Medical's (ICCM) quarterly Gross Margin came in at 32.38% in Q1 2026, up 231.0% year-on-year from 9.78% in Q1 2025, and down 30.97% on a QoQ basis from 46.91% in Q4 2025.

IceCure Medical (ICCM) Gross Margin (2020 - 2026) Analysis & Trends

IceCure Medical (ICCM) has 7 years of Gross Margin data on file, last reported at 32.38% in Q1 2026.

  • On a quarterly basis, Gross Margin rose 231.0% year-over-year to 32.38% in Q1 2026; TTM through Mar 2026 was 36.55%, a 622.0% decrease from a year earlier, with the FY2025 full-year figure at 36.28%, down 781.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 32.38%, down from 46.91% in the prior quarter.
  • Over the last five years, Gross Margin for ICCM reached as high as 58.1% in Q1 2022 and fell as low as 7.03% in Q3 2023.
  • Historically, Gross Margin has averaged 38.35% across 5 years, with a median of 45.07% in 2023.
  • Across the five-year window, Gross Margin sank 3322 bps in 2023 and jumped 4253 bps in 2024, its largest moves.
  • Year by year, Gross Margin stood at 49.09% in 2022, then dropped by 8 bps to 45.34% in 2023, then increased by 5 bps to 47.66% in 2024, then declined by 2 bps to 46.91% in 2025, then plunged by 31 bps to 32.38% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 32.38% in Q1 2026, 46.91% in Q4 2025, and 32.59% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Abbott Laboratories 183.67 Bn 176.38 Bn 6.27 Bn 56.20%
2 Stryker 128.91 Bn 126.03 Bn 3.81 Bn 63.29%
3 Medtronic 108.84 Bn 99.62 Bn 6.41 Bn 65.35%
4 Boston Scientific 68.57 Bn 67.12 Bn 3.61 Bn 69.46%
5 Edwards Lifesciences 48.68 Bn 45.01 Bn 1.29 Bn 78.01%
6 Dexcom 28.42 Bn 27.31 Bn 750.30 Mn 62.95%
7 GE HealthCare Technologies 28.38 Bn 26.09 Bn 1.98 Bn 38.53%
8 Smith & Nephew 26.94 Bn 26.36 Bn - -
9 Koninklijke Philips 25.50 Bn 22.38 Bn 2.07 Bn 45.22%
10 IceCure Medical 7.31 Mn -806,722.79 295,000.00 32.38%

Historic Data

Download Data
DateValue
Mar 31, 2026 32.38%
Dec 31, 2025 46.91%
Sep 30, 2025 32.59%
Jun 30, 2025 24.95%
Mar 31, 2025 30.07%
Dec 31, 2024 47.66%
Sep 30, 2024 35.50%
Jun 30, 2024 52.42%
Mar 31, 2024 36.20%
Dec 31, 2023 45.34%
Sep 30, 2023 -7.03%
Jun 30, 2023 46.32%
Mar 31, 2023 45.07%
Dec 31, 2022 49.09%
Sep 30, 2022 26.18%
Jun 30, 2022 50.20%
Mar 31, 2022 58.10%
Dec 31, 2021 46.46%
Sep 30, 2021 52.72%
Jun 30, 2021 39.87%