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.
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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.99 Bn | 237.02 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 175.01 Bn | 145.44 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 164.93 Bn | 148.74 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 151.84 Bn | 131.26 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 119.05 Bn | 84.30 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 113.89 Bn | 100.00 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 65.37 Bn | 60.13 Bn | 3.85 Bn | 70.71% |
| 8 | Becton Dickinson | 53.36 Bn | 50.51 Bn | 2.32 Bn | 46.46% |
| 9 | Edwards Lifesciences | 50.83 Bn | 34.83 Bn | 1.35 Bn | 77.46% |
| 10 | Icu Medical | 4.02 Bn | 2.83 Bn | 235.05 Mn | 42.61% |
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% |
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_KEY
import 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();