Icu Medical (ICUI) Gross Margin (2009 - 2026)
Icu Medical's (ICUI) quarterly Gross Margin came in at 42.61% in Q2 2026, up 470.0% on a YoY basis from 7.47% in Q2 2025, and up 9.55% quarter-over-quarter from 38.89% in Q1 2026.
Powered by 
Analysis
Icu Medical (ICUI) Gross Margin (2009 - 2026) Analysis & Trends
Icu Medical (ICUI) has reported Gross Margin for 18 consecutive years, with 42.61% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 470.0% year-over-year to 42.61%; the trailing twelve-month figure through Jun 2026 stood at 39.13% (up 330.0% YoY), and the FY2025 full-year result was 36.84%, up 222.0% from the prior year.
- Gross Margin improved to 42.61% in Q2 2026 per ICUI's latest filing, from 38.89% in the prior quarter.
- Across five years, Gross Margin topped out at 42.61% in Q2 2026 and bottomed at 29.19% in Q4 2023.
- Historically, Gross Margin has averaged 34.5% across 5 years, with a median of 34.76% in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 853 bps in 2022, then soared 690 bps in 2024.
- Over 5 years, 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 advanced by 13 bps to 42.61% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 42.61%, 38.89%, and 37.54% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 177.43 Bn | 172.48 Bn | 7.27 Bn | 57.71% |
| 2 | Intuitive Surgical | 139.20 Bn | 134.11 Bn | 1.96 Bn | 67.78% |
| 3 | Medtronic | 118.01 Bn | 109.81 Bn | 6.34 Bn | 64.99% |
| 4 | Stryker | 105.44 Bn | 101.96 Bn | 4.50 Bn | 68.27% |
| 5 | Boston Scientific | 62.90 Bn | 62.60 Bn | 3.85 Bn | 70.71% |
| 6 | Edwards Lifesciences | 50.87 Bn | 46.72 Bn | 1.35 Bn | 77.46% |
| 7 | Dexcom | 33.72 Bn | 31.77 Bn | 830.00 Mn | 63.44% |
| 8 | Resmed | 32.45 Bn | 30.98 Bn | 861.22 Mn | 58.84% |
| 9 | Alcon | 31.70 Bn | 30.25 Bn | 1.68 Bn | 60.21% |
| 10 | Icu Medical | 3.82 Bn | 3.52 Bn | 235.05 Mn | 42.61% |
Historic Data
Download Data
Historic 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% |