Icu Medical (ICUI) Operating Expenses (2009 - 2026)

Icu Medical (ICUI) reported Operating Expenses of $192.6 million for Q1 2026, down 2.32% on a YoY basis from $197.2 million in Q1 2025, and down 2.38% quarter-over-quarter from $197.4 million in Q4 2025.

Icu Medical (ICUI) Operating Expenses (2009 - 2026) Analysis & Trends

Icu Medical has reported Operating Expenses for 18 years, with the latest figure at $192.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 2.32% year-over-year to $192.6 million; the trailing twelve-month figure through Mar 2026 stood at $774.6 million (down 1.09% YoY), and the FY2025 full-year result was $779.2 million, changed 0.33% from the prior year.
  • Operating Expenses for Q1 2026 stood at $192.6 million, down from $197.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $211.0 million in Q1 2022, with the low at $161.1 million in Q3 2023.
  • Historically, Operating Expenses has averaged $188.9 million across 5 years, with a median of $189.6 million in 2023.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 145.02% — and 2023, when it decreased 13.8%.
  • Icu Medical's Operating Expenses stood at $175.2 million in 2022, then climbed by 4.91% to $183.8 million in 2023, then rose by 3.16% to $189.6 million in 2024, then advanced by 4.11% to $197.4 million in 2025, then decreased by 2.38% to $192.6 million in 2026.
  • The last three Operating Expenses figures came in at $192.6 million (Q1 2026), $197.4 million (Q4 2025), and $187.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 975.20 Mn
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 4.62 Bn
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 1.42 Bn
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 391.17 Mn
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 115.30 Mn
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 1.02 Bn
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 718.70 Mn
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 594.63 Mn
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 867.00 Mn
10 Icu Medical 3.52 Bn 3.23 Bn 206.23 Mn 192.65 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 192.65 Mn
Dec 31, 2025 197.35 Mn
Sep 30, 2025 187.16 Mn
Jun 30, 2025 197.48 Mn
Mar 31, 2025 197.22 Mn
Dec 31, 2024 189.57 Mn
Sep 30, 2024 196.62 Mn
Jun 30, 2024 199.74 Mn
Mar 31, 2024 195.90 Mn
Dec 31, 2023 183.77 Mn
Sep 30, 2023 161.07 Mn
Jun 30, 2023 189.57 Mn
Mar 31, 2023 182.65 Mn
Dec 31, 2022 175.17 Mn
Sep 30, 2022 186.86 Mn
Jun 30, 2022 167.64 Mn
Mar 31, 2022 210.99 Mn
Dec 31, 2021 103.67 Mn
Sep 30, 2021 89.41 Mn
Jun 30, 2021 89.06 Mn