Icu Medical (ICUI) Gross Margin (2009 - 2026)
Icu Medical (ICUI) posted Gross Margin of 42.61% for Q2 2026, up 4.70 percentage points from 37.91% a year earlier and up 3.71 percentage points from the prior quarter.
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Analysis
Icu Medical (ICUI) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Icu Medical was 39.13%, up 3.30 percentage points year-over-year; for FY2025, it came in at 36.84%, up 2.22 percentage points from FY2024.
- Annual Gross Margin has increased for three consecutive years, with a five-year change of +0.53 percentage points (FY2020 to FY2025).
- In prior years, Icu Medical's Gross Margin was 34.62% in FY2024 (+1.87 pp), 32.75% in FY2023 (+2.15 pp), 30.60% in FY2022 (-6.73 pp) and 37.34% in FY2021 (+1.03 pp).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q4 2016.
- On a year-over-year basis, Gross Margin has increased in each of the last eight quarters, with an average year-over-year change of +3.32 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2024, with a gain of 6.90 percentage points; the weakest was Q2 2022, with a drop of 8.53 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 38.89% (Q1 2026), 37.54% (Q4 2025) and 37.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 42.28% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 56.75% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 58.54% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 68.37% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 65.15% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 66.72% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 78.48% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 24.50% |
| 10 | Icu Medical | 4.55 Bn | 3.36 Bn | 234.75 Mn | 41.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 41.89% |
| 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% |
API Access
Icu Medical Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ICUI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ICUI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ICUI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();