ICUI ICU Medical margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 57

Gross margin

40.3%

Operating margin

5.1%

EBITDA margin

14.7%

Net margin

2.8%

The ICU Medical reports a gross margin of 40.3%, an operating margin of 5.1%, an EBITDA margin of 14.7%, and a net margin of 2.8%. The company's available margins all improved, with gross margin showing the strongest expansion of 3.8 percentage points.

ICUI margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, ICU Medical's margins averaged 35.57% gross, 1.74% operating, 12.59% EBITDA, and -1.34% net. Compared with their three-year averages, all four current margins are higher.

ICUI margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 3.8 percentage points, operating margin by 1.9 percentage points, EBITDA margin by 0.2 percentage points, and net margin by 3.1 percentage points, led by gross margin with an increase of 3.8 percentage points.

Gross margin expansion

3.8pp

Operating margin expansion

1.9pp

EBITDA margin expansion

0.2pp

Net margin expansion

3.1pp

ICUI Gross margin

ICU Medical recorded an average gross margin of 35.57% across the last 3 years. Against its three-year average, ICU Medical's gross margin is currently 40.3%, 4.7 percentage points above its three-year average. Over the last 3 years, ICU Medical's gross margin peaked at 40.3% in Sep 2026 and reached a low of 32.5% in Mar 2024.

ICUI Operating margin

ICU Medical recorded an average operating margin of 1.74% across the last 3 years. The current operating margin stands at 5.1%, 3.4 percentage points above its three-year average. Operating margin was highest at 5.1% in Sep 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 12.59%. The current EBITDA margin of 14.7% is 2.1 percentage points above its three-year average. Looking back over the last 3 years, ICU Medical's EBITDA margin reached 14.7% at its highest point in Sep 2026 and 9.9% at its lowest in Sep 2024.

ICUI Net margin

The average net margin for ICU Medical was -1.34% over the last 3 years. Right now, the current net margin for ICU Medical is 2.8%, 4.1 percentage points above its three-year average. The net margin for ICU Medical moved between -4.9% in Dec 2024 and 2.8% in Sep 2026.

ICUI margin group comparison

Margins compared with peer-group, industry and sector averages

ICU Medical's gross margin of 40.3% 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 41% lower.

ICUI margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is ICU Medical's gross margin?

As of Sep 30, 2026, ICUI has a gross margin of 40.3%.

What is ICU Medical's operating margin?

For the period ending Sep 30, 2026, ICUI recorded an operating margin of 5.1%.

What is ICU Medical's EBITDA margin?

The current EBITDA margin for ICUI is 14.7% as of Sep 30, 2026.

What is ICU Medical's net margin?

For the period ending Sep 30, 2026, ICUI recorded a net margin of 2.8%.

What are the average margins of ICUI?

Looking back over 3 years, ICUI recorded average margins of 35.6% gross, 1.7% operating, 12.6% EBITDA, and -1.3% net.

What are the highest historical margins of ICUI?

Across the 5-year period, ICUI posted its highest margins at 40.3% gross in Sep 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.