Icu Medical Inc (ICUI) Financial Statements
Industry: Surgical & Medical Instruments & Apparatus
In fiscal 2025, Icu Medical reported revenue of $2.23B, down 6.3% from $2.38B the year before. Net income was $732,000 (a 0.0% net margin), or $0.03 per diluted share. Gross margin was 36.8% and operating margin was 1.9%. Operating activities generated $179.8M of cash, leaving $91.8M of free cash flow. At fiscal year end, Icu Medical held $4.05B in total assets against $1.93B in total liabilities.
Open the full interactive Icu Medical financials → Quarterly statements, key ratios, valuation history and price charts.
Icu Medical Key Stats
| Share Price | $163.23 |
|---|---|
| Market Cap | $4.09B |
| P/E Ratio | 5441.0 |
| Revenue YoY Growth | -6.3% |
| 52-Week Range | $115.45 – $187.26 |
| Shares Outstanding | 25.0 million (basic, 2026 Q2) |
Icu Medical Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.32B | $2.28B | $2.26B | $2.38B | $2.23B |
| Cost of Goods Sold | $809.5M | $824.8M | $1.58B | $1.52B | $1.56B | $1.41B |
| Gross Profit | $461.5M | $491.5M | $697.8M | $739.9M | $824.8M | $822.0M |
| Operating Income | $98.2M | $123.2M | -$42.9M | $22.8M | $43.0M | $42.8M |
| Pre-Tax Income | $97.5M | $123.2M | -$114.4M | -$78.3M | -$66.0M | $4.4M |
| Income Tax | $10.6M | $20.1M | -$40.1M | -$48.6M | $51.7M | $2.4M |
| Net Income | $86.9M | $103.1M | -$74.3M | -$29.7M | -$117.7M | $732,000 |
| Diluted EPS | $4.02 | $4.74 | -$3.11 | -$1.23 | -$4.83 | $0.03 |
Icu Medical Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $537.0M | $540.7M | $530.2M | $551.7M |
| Net Income | -$3.4M | -$15.7M | $30.1M | $19.1M |
| Diluted EPS | -$0.14 | -$0.63 | $1.20 | $0.76 |
Icu Medical Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $396.1M | $552.8M | $208.8M | — | — | — |
| Current Assets | $920.8M | $1.03B | $1.24B | $1.22B | $1.44B | $1.19B |
| Total Assets | $1.76B | $1.88B | $4.52B | $4.38B | $4.20B | $4.05B |
| Current Liabilities | $195.5M | $200.8M | $494.6M | $481.8M | $556.2M | $498.9M |
| Total Long-Term Debt | — | — | $1.65B | $1.63B | $1.58B | $1.28B |
| Total Liabilities | $261.4M | $264.7M | $2.43B | $2.26B | $2.24B | $1.93B |
| Shareholders' Equity | $1.50B | $1.62B | $2.09B | $2.12B | $1.97B | $2.12B |
Icu Medical Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $222.8M | $267.5M | -$62.1M | $166.2M | $204.0M | $179.8M |
| Cash From Investing | -$98.1M | -$90.7M | -$1.91B | -$87.9M | -$89.0M | $122.2M |
| Cash From Financing | -$40,000 | -$16.9M | $1.64B | -$36.0M | -$55.8M | -$311.5M |
| Free Cash Flow | $130.7M | $199.0M | -$152.4M | $82.3M | $124.7M | $91.8M |
Figures from Icu Medical's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Icu Medical financials page for every line item.
Icu Medical Company Profile
| Ticker | ICUI |
|---|---|
| Exchange | Nasdaq |
| Industry | Surgical & Medical Instruments & Apparatus |
| Headquarters | San Clemente, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000883984 |
Frequently Asked Questions
What was Icu Medical's revenue in fiscal 2025?
Icu Medical (ICUI) reported revenue of $2.23B for fiscal 2025.
What is Icu Medical's annual revenue history?
Icu Medical's annual revenue by fiscal year: 2020: $1.27B; 2021: $1.32B; 2022: $2.28B; 2023: $2.26B; 2024: $2.38B; 2025: $2.23B.
What was Icu Medical's net income in fiscal 2025?
Icu Medical reported net income of $732,000 for fiscal 2025.
What was Icu Medical's earnings per share (EPS) in fiscal 2025?
Icu Medical's diluted EPS was $0.03 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Icu Medical generate in fiscal 2025?
Icu Medical generated $91.8M of free cash flow in fiscal 2025.
What was Icu Medical's revenue last quarter?
In its most recent reported quarter (2026 Q2), Icu Medical reported revenue of $551.7M.
How much debt does Icu Medical have?
Icu Medical reported $1.28B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Icu Medical are outstanding?
Icu Medical reported a weighted average of 25.0 million basic shares outstanding in 2026 Q2.
What is Icu Medical's market cap?
Based on its latest closing price, Icu Medical (ICUI) has a market capitalization of about $4.09B.
When does Icu Medical's fiscal year end?
Icu Medical's fiscal year end, as registered with the SEC, is December 31.
Where is Icu Medical headquartered?
Icu Medical lists its business address in San Clemente, California in its SEC filings.