Icu Medical (ICUI) Research & Development (2009 - 2026)
Icu Medical (ICUI) posted Research & Development of $22.7 million for Q2 2026, up 3.8% from $21.87 million a year earlier and up 6.7% from the prior quarter.
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Analysis
Icu Medical (ICUI) Research & Development (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Icu Medical was $86.32 million, down 2.5% year-over-year; for FY2025, it came in at $87.5 million, down 1.3% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 15.3% (FY2020 to FY2025).
- In prior years, Icu Medical's Research & Development was $88.62 million in FY2024 (+3.8%), $85.34 million in FY2023 (-8.2%), $92.98 million in FY2022 (+95.8%) and $47.5 million in FY2021 (+10.6%).
- The Q2 2026 figure stands as the highest quarterly Research & Development since Q1 2025.
- On a year-over-year basis, Research & Development increased in four of the last eight quarters, with an average decline of 1.1%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q1 2022, with growth of 122.9%; the weakest was Q1 2023, with a decline of 17.2%.
- According to Business Quant data, Research & Development for the three prior quarters was $21.28 million (Q1 2026), $21.09 million (Q4 2025) and $21.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | - |
| 10 | Icu Medical | 4.55 Bn | 3.36 Bn | 234.75 Mn | 21.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.75 Mn |
| Jun 30, 2026 | 22.70 Mn |
| Mar 31, 2026 | 21.28 Mn |
| Dec 31, 2025 | 21.09 Mn |
| Sep 30, 2025 | 21.25 Mn |
| Jun 30, 2025 | 21.87 Mn |
| Mar 31, 2025 | 23.29 Mn |
| Dec 31, 2024 | 22.36 Mn |
| Sep 30, 2024 | 21.03 Mn |
| Jun 30, 2024 | 23.39 Mn |
| Mar 31, 2024 | 21.84 Mn |
| Dec 31, 2023 | 22.41 Mn |
| Sep 30, 2023 | 20.87 Mn |
| Jun 30, 2023 | 22.30 Mn |
| Mar 31, 2023 | 19.76 Mn |
| Dec 31, 2022 | 23.45 Mn |
| Sep 30, 2022 | 23.11 Mn |
| Jun 30, 2022 | 22.56 Mn |
| Mar 31, 2022 | 23.87 Mn |
| Dec 31, 2021 | 13.17 Mn |
API Access
Icu Medical Research & Development 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=research-and-development&ticker=ICUI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ICUI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();