Icu Medical (ICUI) Gross Margin (2009 - 2026)
Icu Medical (ICUI) posted Gross Margin of 38.89% for Q1 2026, up 3.6% on a QoQ basis from 37.54% in Q4 2025, and up 415.0% year-over-year from 7.55% in Q1 2025.
Icu Medical (ICUI) Gross Margin (2009 - 2026) Analysis & Trends
Icu Medical's Gross Margin history runs 18 years deep, the most recent figure standing at 38.89% for Q1 2026.
- Quarterly Gross Margin rose 415.0% year-over-year to 38.89% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 37.93% (up 283.0% YoY) and the FY2025 annual result came in at 36.84%, up 222.0% from the prior year.
- Gross Margin was 38.89% for Q1 2026 at Icu Medical, up from 37.54% in the prior quarter.
- Across five years, Gross Margin topped out at 38.89% in Q1 2026 and bottomed at 29.19% in Q4 2023.
- A 5-year average of 34.03% and a median of 34.75% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 853 bps — and 2024, when it surged 690 bps.
- Icu Medical's Gross Margin stood at 30.27% in 2022, then slipped by 4 bps to 29.19% in 2023, then advanced by 24 bps to 36.08% in 2024, then climbed by 4 bps to 37.54% in 2025, then increased by 4 bps to 38.89% in 2026.
- Business Quant data shows ICUI's Gross Margin at 38.89% in Q1 2026, 37.54% in Q4 2025, and 37.41% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 56.80% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 67.78% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 45.69% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 25.04% |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 62.25% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 37.74% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 68.00% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 54.66% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 70.82% |
| 10 | Icu Medical | 3.87 Bn | 3.58 Bn | 206.23 Mn | 38.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |