ICUI ICU Medical margins

Relative Growth: Rel. Growth: 32

Relative Strength: Rel. Strength: 78

Relative Valuation: Rel. Valuation: 45

Relative Profitability: Rel. Profitability: 51

Gross margin

39.1%

Operating margin

3.3%

EBITDA margin

13.4%

Net margin

1.4%

The ICU Medical reports a gross margin of 39.1%, an operating margin of 3.3%, an EBITDA margin of 13.4%, and a net margin of 1.4%. Gross margin recorded the largest year-over-year gain at 3.3 percentage points, while EBITDA margin recorded the largest decline at 0.7 percentage points.

ICUI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, ICU Medical's margins averaged 35.14% gross, 1.44% operating, 12.4% EBITDA, and -1.72% net. Compared with their three-year averages, all four current margins are higher.

ICUI margin expansion

Year-over-year margin changes in percentage points

From the same period last year, gross margin expanded by 3.3 percentage points, operating margin by 0.6 percentage points, and net margin by 3 percentage points, while EBITDA margin contracted by 0.7 percentage points.

Gross margin expansion

3.3pp

Operating margin expansion

0.6pp

EBITDA margin expansion

-0.7pp

Net margin expansion

3pp

ICUI Gross margin

ICU Medical recorded an average gross margin of 35.14% across the last 3 years. Against its three-year average, ICU Medical's gross margin is currently 39.1%, 4 percentage points above its three-year average. Over the last 3 years, ICU Medical's gross margin peaked at 39.1% in Jun 2026 and reached a low of 32.5% in Mar 2024.

ICUI Operating margin

ICU Medical recorded an average operating margin of 1.44% across the last 3 years. The current operating margin stands at 3.3%, 1.9 percentage points above its three-year average. Operating margin was highest at 3.3% in Jun 2026 and lowest at -0.6% in Mar 2024.

ICUI EBITDA margin

Over the last 3 years, ICU Medical had an average EBITDA margin of 12.4%. The current EBITDA margin of 13.4% is 1 percentage point above its three-year average. Looking back over the last 3 years, ICU Medical's EBITDA margin reached 14.5% at its highest point in Sep 2025 and 9.9% at its lowest in Sep 2024.

ICUI Net margin

The average net margin for ICU Medical was -1.72% over the last 3 years. Right now, the current net margin for ICU Medical is 1.4%, 3.1 percentage points above its three-year average. The net margin for ICU Medical moved between -4.9% in Dec 2024 and 2.1% in Mar 2026.

ICUI margin group comparison

Margins compared with peer-group, industry and sector averages

ICU Medical's gross margin of 39.1% is lower than the Healthcare sector, the industry and its peers average. Looking at the Healthcare sector average of 68.3%, ICU Medical's gross margin is 43% lower.

ICUI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is ICU Medical's gross margin?

As of Jun 30, 2026, ICUI has a gross margin of 39.1%.

What is ICU Medical's operating margin?

For the period ending Jun 30, 2026, ICUI recorded an operating margin of 3.3%.

What is ICU Medical's EBITDA margin?

The current EBITDA margin for ICUI is 13.4% as of Jun 30, 2026.

What is ICU Medical's net margin?

For the period ending Jun 30, 2026, ICUI recorded a net margin of 1.4%.

What are the average margins of ICUI?

Looking back over 3 years, ICUI recorded average margins of 35.1% gross, 1.4% operating, 12.4% EBITDA, and -1.7% net.

What are the highest historical margins of ICUI?

Across the 5-year period, ICUI posted its highest margins at 39.1% gross in Jun 2026, 9.4% operating in Dec 2021, 16.8% EBITDA in Dec 2021, and 7.8% net in Dec 2021.

What are the lowest historical margins of ICUI?

Looking back across 5 years, ICUI reached its lowest margins at 30.6% gross in Dec 2022, -3.3% operating in Dec 2022, 9.2% EBITDA in Dec 2022, and -4.9% net in Dec 2024.