Icu Medical (ICUI) Gross Margin (2009 - 2026)
Icu Medical's (ICUI) quarterly Gross Margin came in at 38.89% in Q1 2026, up 415.0% YoY from 7.55% in Q1 2025, and up 3.6% on a QoQ basis from 37.54% in Q4 2025.
Icu Medical (ICUI) Gross Margin (2009 - 2026) Analysis & Trends
Icu Medical (ICUI) has 18 years of Gross Margin data on file, last reported at 38.89% in 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 climbed to 38.89% in Q1 2026, from 37.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 38.89% in Q1 2026 to a low of 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 slumped 853 bps — and 2024, when it surged 690 bps.
- Tracing ICUI's Gross Margin over 5 years: 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 67.78% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 46.46% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 59.33% |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 58.84% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 28.82% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 37.74% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 58.22% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 68.00% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 34.86% |
| 10 | Icu Medical | 4.57 Bn | 4.27 Bn | 235.05 Mn | 42.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 42.61% |
| 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% |