Icu Medical (ICUI) Research & Development (2009 - 2026)
Icu Medical's (ICUI) quarterly Research & Development came in at $21.3 million in Q1 2026, down 8.63% YoY 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) Research & Development (2009 - 2026) Analysis & Trends
Icu Medical (ICUI) has 18 years of Research & Development data on file, last reported at $21.3 million in Q1 2026.
- Quarterly Research & Development fell 8.63% year-over-year to $21.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $85.5 million (down 5.09% YoY) and the FY2025 annual result came in at $87.5 million, down 1.26% from the prior year.
- Research & Development grew to $21.3 million in Q1 2026, from $21.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $23.9 million in Q1 2022 to a low of $19.8 million in Q1 2023.
- A 5-year average of $22.1 million and a median of $22.3 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development jumped 122.91% — and 2023, when it retreated 17.22%.
- Tracing ICUI's Research & Development over 5 years: stood at $23.4 million in 2022, then retreated by 4.41% to $22.4 million in 2023, then dropped by 0.25% to $22.4 million in 2024, then retreated by 5.68% to $21.1 million in 2025, then grew 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 370.60 Mn |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 258.00 Mn |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 663.00 Mn |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 105.73 Mn |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | - |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 19.70 Mn |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 178.00 Mn |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 42.50 Mn |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 129.00 Mn |
| 10 | Icu Medical | 4.57 Bn | 4.27 Bn | 235.05 Mn | 22.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 12.24 Mn |