Icu Medical (ICUI) Research & Development (2009 - 2026)
Icu Medical posted quarterly Research & Development of $21.3 million for Q1 2026, down 8.63% year-on-year from $23.3 million in Q1 2025, and up 0.92% on a QoQ basis from $21.1 million in Q4 2025.
Icu Medical (ICUI) has 18 years of Research & Development data on file, last reported at $21.3 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 8.63% year-over-year to $21.3 million; the trailing twelve-month figure through Mar 2026 stood at $85.5 million (down 5.09% YoY), and the FY2025 full-year result was $87.5 million, down 1.26% from the prior year.
- Research & Development for Q1 2026 stood at $21.3 million, up from $21.1 million in the prior quarter.
- Across five years, Research & Development topped out at $23.9 million in Q1 2022 and bottomed at $19.8 million in Q1 2023.
- The 5-year median for Research & Development is $22.3 million (2023), against an average of $22.1 million.
- The widest annual swing landed in 2022, when Research & Development jumped 122.91%; it then retreated 17.22% in 2023.
- A 5-year view of Research & Development shows it stood at $23.4 million in 2022, then decreased by 4.41% to $22.4 million in 2023, then declined by 0.25% to $22.4 million in 2024, then decreased by 5.68% to $21.1 million in 2025, then increased by 0.92% to $21.3 million in 2026.
- The last three Research & Development figures came in at $21.3 million (Q1 2026), $21.1 million (Q4 2025), and $21.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 361.90 Mn |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 249.00 Mn |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 94.27 Mn |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 15.80 Mn |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 189.00 Mn |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 44.30 Mn |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 98.66 Mn |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 139.00 Mn |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | - |
| 10 | Icu Medical | 3.25 Bn | 2.96 Bn | 206.23 Mn | 21.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 12.24 Mn |
| Jun 30, 2021 | 11.39 Mn |
| Mar 31, 2021 | 10.71 Mn |
| Dec 31, 2020 | 11.80 Mn |
| Sep 30, 2020 | 10.13 Mn |
| Jun 30, 2020 | 10.28 Mn |
| Mar 31, 2020 | 10.75 Mn |
| Dec 31, 2019 | 12.59 Mn |
| Sep 30, 2019 | 12.00 Mn |
| Jun 30, 2019 | 11.20 Mn |
| Mar 31, 2019 | 12.82 Mn |
| Dec 31, 2018 | 13.53 Mn |
| Sep 30, 2018 | 13.18 Mn |
| Jun 30, 2018 | 13.58 Mn |
| Mar 31, 2018 | 12.59 Mn |
| Dec 31, 2017 | 13.88 Mn |
| Sep 30, 2017 | 12.77 Mn |
| Jun 30, 2017 | 12.97 Mn |
| Mar 31, 2017 | 11.64 Mn |
| Dec 31, 2016 | 2.65 Mn |
| Sep 30, 2016 | 3.65 Mn |
| Jun 30, 2016 | 3.34 Mn |
| Mar 31, 2016 | 3.31 Mn |
| Dec 31, 2015 | 4.06 Mn |
| Sep 30, 2015 | 4.23 Mn |
| Jun 30, 2015 | 3.12 Mn |
| Mar 31, 2015 | 4.31 Mn |
| Dec 31, 2014 | 5.08 Mn |
| Sep 30, 2014 | 5.06 Mn |
| Jun 30, 2014 | 4.57 Mn |
| Mar 31, 2014 | 3.63 Mn |
| Dec 31, 2013 | 3.46 Mn |
| Sep 30, 2013 | 3.14 Mn |
| Jun 30, 2013 | 3.91 Mn |
| Mar 31, 2013 | 1.90 Mn |
| Dec 31, 2012 | 2.22 Mn |
| Sep 30, 2012 | 2.99 Mn |
| Jun 30, 2012 | 2.73 Mn |
| Mar 31, 2012 | 2.69 Mn |
| Dec 31, 2011 | 2.17 Mn |
| Sep 30, 2011 | 1.88 Mn |
| Jun 30, 2011 | 2.49 Mn |
| Mar 31, 2011 | 2.05 Mn |
| Dec 31, 2010 | 1.74 Mn |
| Sep 30, 2010 | 1.07 Mn |
| Jun 30, 2010 | 952,000.00 |
| Mar 31, 2010 | 918,000.00 |
| Dec 31, 2009 | 629,000.00 |
| Sep 30, 2009 | 661,000.00 |
| Jun 30, 2009 | 617,000.00 |
| Mar 31, 2009 | 738,000.00 |