Icu Medical (ICUI) Gross Margin (2009 - 2026)
Icu Medical posted quarterly Gross Margin of 38.89% for Q1 2026, up 415.0% year-on-year from 7.55% in Q1 2025, and up 3.6% on a QoQ basis from 37.54% in Q4 2025.
Icu Medical (ICUI) has 18 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 38.89% in Q1 2026 and bottomed at 29.19% in Q4 2023.
- The 5-year median for Gross Margin is 34.75% (2025), against an average of 34.03%.
- The widest annual swing landed in 2022, when Gross Margin plunged 853 bps; it then surged 690 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 30.27% in 2022, then decreased by 4 bps to 29.19% in 2023, then gained by 24 bps to 36.08% in 2024, then advanced by 4 bps to 37.54% in 2025, then grew 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 | 156.17 Bn | 151.78 Bn | 1.83 Bn | 66.06% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 45.69% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 62.25% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 35.08% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 54.66% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 67.88% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 70.82% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 32.99% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 35.80% |
| 10 | Icu Medical | 3.25 Bn | 2.96 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% |
| Mar 31, 2021 | 35.43% |
| Dec 31, 2020 | 37.41% |
| Sep 30, 2020 | 35.76% |
| Jun 30, 2020 | 35.03% |
| Mar 31, 2020 | 36.95% |
| Dec 31, 2019 | 36.17% |
| Sep 30, 2019 | 38.56% |
| Jun 30, 2019 | 33.26% |
| Mar 31, 2019 | 40.89% |
| Dec 31, 2018 | 39.56% |
| Sep 30, 2018 | 41.14% |
| Jun 30, 2018 | 42.11% |
| Mar 31, 2018 | 40.05% |
| Dec 31, 2017 | 37.15% |
| Sep 30, 2017 | 32.51% |
| Jun 30, 2017 | 26.56% |
| Mar 31, 2017 | 35.90% |
| Dec 31, 2016 | 53.05% |
| Sep 30, 2016 | 52.80% |
| Jun 30, 2016 | 51.83% |
| Mar 31, 2016 | 54.79% |
| Dec 31, 2015 | 53.39% |
| Sep 30, 2015 | 53.79% |
| Jun 30, 2015 | 52.23% |
| Mar 31, 2015 | 52.17% |
| Dec 31, 2014 | 49.67% |
| Sep 30, 2014 | 49.25% |
| Jun 30, 2014 | 47.72% |
| Mar 31, 2014 | 49.20% |
| Dec 31, 2013 | 49.97% |
| Sep 30, 2013 | 49.45% |
| Jun 30, 2013 | 48.36% |
| Mar 31, 2013 | 49.52% |
| Dec 31, 2012 | 50.52% |
| Sep 30, 2012 | 49.99% |
| Jun 30, 2012 | 50.57% |
| Mar 31, 2012 | 46.30% |
| Dec 31, 2011 | 47.02% |
| Sep 30, 2011 | 46.53% |
| Jun 30, 2011 | 46.53% |
| Mar 31, 2011 | 48.45% |
| Dec 31, 2010 | 49.27% |
| Sep 30, 2010 | 44.75% |
| Jun 30, 2010 | 46.47% |
| Mar 31, 2010 | 41.25% |
| Dec 31, 2009 | 42.67% |
| Sep 30, 2009 | 46.42% |
| Jun 30, 2009 | 48.29% |
| Mar 31, 2009 | 49.02% |