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

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

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

Icu Medical has reported Operating Margin for 18 years, with the latest figure at 2.56% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 43.0% year-over-year to 2.56%; the trailing twelve-month figure through Mar 2026 stood at 2.02% (down 73.0% YoY), and the FY2025 full-year result was 1.92%, up 12.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 2.56%, up from 1.04% in the prior quarter.
  • The five-year high for Operating Margin was 5.98% in Q4 2024, with the low at 7.76% in Q1 2022.
  • Historically, Operating Margin has averaged 0.78% across 5 years, with a median of 1.29% in 2024.
  • Annual changes were most pronounced in 2022 — Operating Margin plunged 1612 bps — and 2023, when it jumped 941 bps.
  • Icu Medical's Operating Margin stood at 0.04% in 2022, then sank by 5296 bps to 2.07% in 2023, then soared by 389 bps to 5.98% in 2024, then sank by 83 bps to 1.04% in 2025, then jumped by 146 bps to 2.56% in 2026.
  • The last three Operating Margin figures came in at 2.56% (Q1 2026), 1.04% (Q4 2025), and 2.55% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 30.87%
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 1.97%
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 5.74%
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 34.92%
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 20.96%
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 4.04%
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn -2.87%
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 13.65%
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 2.44%
10 Icu Medical 3.52 Bn 3.23 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%