Icu Medical (ICUI) Gross Margin (2009 - 2026)

Icu Medical (ICUI) reported Gross Margin of 38.89% for Q1 2026, up 415.0% on a YoY basis from 7.55% in Q1 2025, and up 3.6% quarter-over-quarter from 37.54% in Q4 2025.

Icu Medical (ICUI) Gross Margin (2009 - 2026) Analysis & Trends

Icu Medical has reported Gross Margin for 18 years, with the latest figure at 38.89% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 415.0% year-over-year to 38.89%; the trailing twelve-month figure through Mar 2026 stood at 37.93% (up 283.0% YoY), and the FY2025 full-year result was 36.84%, up 222.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 38.89%, up from 37.54% in the prior quarter.
  • The five-year high for Gross Margin was 38.89% in Q1 2026, with the low at 29.19% in Q4 2023.
  • Historically, Gross Margin has averaged 34.03% across 5 years, with a median of 34.75% in 2025.
  • Annual changes were most pronounced in 2022 — Gross Margin slumped 853 bps — and 2024, when it surged 690 bps.
  • Icu Medical's Gross Margin stood at 30.27% in 2022, then retreated by 4 bps to 29.19% in 2023, then rose by 24 bps to 36.08% in 2024, then gained by 4 bps to 37.54% in 2025, then climbed by 4 bps to 38.89% in 2026.
  • The last three Gross Margin figures came in at 38.89% (Q1 2026), 37.54% (Q4 2025), and 37.41% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 66.06%
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 45.69%
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 25.04%
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 62.25%
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 35.08%
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 54.66%
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 68.00%
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 70.82%
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 32.99%
10 Icu Medical 3.52 Bn 3.23 Bn 206.23 Mn 38.89%

Historic Data

Download Data
DateValue
Mar 31, 2026 38.89%
Dec 31, 2025 37.54%
Sep 30, 2025 37.41%
Jun 30, 2025 37.91%
Mar 31, 2025 34.75%
Dec 31, 2024 36.08%
Sep 30, 2024 34.77%
Jun 30, 2024 34.78%
Mar 31, 2024 32.69%
Dec 31, 2023 29.19%
Sep 30, 2023 33.24%
Jun 30, 2023 35.01%
Mar 31, 2023 33.77%
Dec 31, 2022 30.27%
Sep 30, 2022 31.18%
Jun 30, 2022 29.87%
Mar 31, 2022 31.08%
Dec 31, 2021 37.44%
Sep 30, 2021 38.03%
Jun 30, 2021 38.40%