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

Icu Medical (ICUI) posted Operating Margin of 2.56% for Q1 2026, up 145.74% on a QoQ basis from 1.04% in Q4 2025, and up 43.0% year-over-year from 1.79% in Q1 2025.

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

Icu Medical's Operating Margin history runs 18 years deep, the most recent figure standing at 2.56% for Q1 2026.

  • Quarterly Operating Margin rose 43.0% year-over-year to 2.56% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.02% (down 73.0% YoY) and the FY2025 annual result came in at 1.92%, up 12.0% from the prior year.
  • Operating Margin was 2.56% for Q1 2026 at Icu Medical, up from 1.04% in the prior quarter.
  • Across five years, Operating Margin topped out at 5.98% in Q4 2024 and bottomed at 7.76% in Q1 2022.
  • A 5-year average of 0.78% and a median of 1.29% in 2024 frame the typical range for Operating Margin.
  • Annual changes were most pronounced in 2022 — Operating Margin tumbled 1612 bps — and 2023, when it jumped 941 bps.
  • Icu Medical's Operating Margin stood at 0.04% in 2022, then tumbled by 5296 bps to 2.07% in 2023, then surged by 389 bps to 5.98% in 2024, then tumbled by 83 bps to 1.04% in 2025, then soared by 146 bps to 2.56% in 2026.
  • Business Quant data shows ICUI's Operating Margin at 2.56% in Q1 2026, 1.04% in Q4 2025, and 2.55% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Alcon 32,734,969.19 Bn 32,734,967.53 Bn 1.53 Bn 98.77%
2 Intuitive Surgical 117.50 Bn 112.41 Bn 1.96 Bn 33.60%
3 Becton Dickinson 42.93 Bn 42.11 Bn 2.15 Bn 1.97%
4 Medline 30.82 Bn 36.66 Bn 1.84 Bn 5.74%
5 Resmed 27.90 Bn 26.23 Bn 890.98 Mn 34.92%
6 West Pharmaceutical Services 26.76 Bn 26.23 Bn 329.20 Mn 20.53%
7 Cooper Companies 15.30 Bn 15.16 Bn 735.40 Mn -2.87%
8 Solventum 13.46 Bn 12.90 Bn 1.10 Bn 4.04%
9 Align Technology 12.02 Bn 10.96 Bn 736.59 Mn 13.65%
10 Icu Medical 3.87 Bn 3.58 Bn 206.23 Mn 2.56%

Historic Data

Download Data
DateValue
Mar 31, 2026 2.56%
Dec 31, 2025 1.04%
Sep 30, 2025 2.55%
Jun 30, 2025 1.93%
Mar 31, 2025 2.13%
Dec 31, 2024 5.98%
Sep 30, 2024 1.40%
Jun 30, 2024 1.29%
Mar 31, 2024 -1.88%
Dec 31, 2023 -2.07%
Sep 30, 2023 4.13%
Jun 30, 2023 0.50%
Mar 31, 2023 1.65%
Dec 31, 2022 -0.04%
Sep 30, 2022 -0.08%
Jun 30, 2022 -0.01%
Mar 31, 2022 -7.76%
Dec 31, 2021 7.00%
Sep 30, 2021 11.42%
Jun 30, 2021 10.72%