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
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%