Company / Gross Margin
ICU Medical Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
36.8%
FY2025
5-year range
32.8% / 37.3%
FY2021-FY2025
Trend
+6.4%
vs FY2024
Sector context
#75 of 96
Health Care
What the data says
ICU Medical's gross margin of 36.8% is lower than 78% of companies in the Health Care sector (FY2025). Gross Margin has fluctuated over the past 10 years, ranging from 32.8% in FY2023 to 53.1% in FY2018.
Based on SEC 10-K filings.
36.8% in FY2025 with a 5-year CAGR of -3.9%.
Improved from 32.8% to 36.8% over the past 2 years.
Health Care sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +0.5pp
- 5-Year Change
- -3.9pp
- 10-Year Change
- -
Sector benchmark
Bottom 22% in Health CareTop 78% of 96This company 36.8% Sector average 53.6%
▼
-31.3% below sector average
Key checks
Key Insights
- In FY2025, gross margin increased 6.4% year-over-year.
- Currently 16.7pp below the Health Care sector average.
- Peak gross margin was recorded in FY2018.
- Lowest gross margin in the period was in FY2023.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 36.8% | +6.4% |
| FY2024 | 34.6% | +5.7% |
| FY2023 | 32.8% | -9.8% |
| FY2022 | 36.3% | -2.6% |
| FY2021 | 37.3% | -8.5% |
| FY2020 | 40.7% | +23.5% |
| FY2019 | 33.0% | -37.9% |
| FY2018 | 53.1% | +0.3% |
| FY2017 | 52.9% | +8.1% |
| FY2016 | 49.0% | -0.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026