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| Date | Value |
|---|---|
| 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% |