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Companies / Health Care / ICU Medical, Inc.
ICUI

ICU Medical, Inc.

Health CareSurgical & Medical Instruments
Ticker ICUISAN CLEMENTE, CAFiscal year ends DecemberBook value per share $87.12Diluted shares 25.2M

ICU Medical, Inc. (Nasdaq: ICUI) develops, manufactures and sells medical products for infusion therapy, vascular access and vital care, serving acute care hospitals, wholesalers, ambulatory clinics and alternate-site providers worldwide. Its portfolio includes infusion pumps, administration sets, needlefree… From the company’s description.

Over the twelve months to Sep 30, 2026, ICU Medical, Inc. reported revenue of $2.18B, down 5.9% from a year earlier, and net income of $60.33M. Its operating margin was 5.1%, and operations generated $279.24M in cash. In fiscal 2025, it reported revenue of $2.23B, down 6.3% from fiscal 2024, and net income of $0.73M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$2.23BFY2025
−6.3% year over year
Last 12 mo $2.18B
1.92%FY2025
+0.1 percentage points
Last 12 mo 5.07%
$0.73MFY2025
+100.6% year over year
Last 12 mo $60.33M
1.41%FY2025
+6.7 percentage points
Last 12 mo 7.44%
Cash & financing
$179.85MFY2025
−11.9% year over year
Last 12 mo $279.24M
$91.80MFY2025
−26.4% year over year
Last 12 mo $208.60M
0.60FY2025
Was 0.81× a year earlier
Last 12 mo 0.53
24.9MFY2025
+2.1% year over year
Last 12 mo 25.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What ICU Medical, Inc. does

In the company’s own words

ICU Medical, Inc. (Nasdaq: ICUI) develops, manufactures and sells medical products for infusion therapy, vascular access and vital care, serving acute care hospitals, wholesalers, ambulatory clinics and alternate-site providers worldwide. Its portfolio includes infusion pumps, administration sets, needlefree connectors, IV catheters, medication-safety software, closed-system transfer devices for hazardous drugs, and respiratory, anesthesia, patient-monitoring and temperature-management products. Key brands include Plum, CADD, Medfusion, Clave, ChemoLock, Jelco, Portex and Level 1. The company sells through its own sales force and independent distributors, reaching customers in more than 100 countries. Its IV Solutions product line is operated through a joint venture in which ICU Medical retained a 40% ownership interest after selling a controlling stake to Otsuka Pharmaceutical Factory in 2025; ICU Medical continues to sell and distribute those products. Acquisitions expanded the business, notably the 2022 purchase of Smiths Medical, which added infusion devices, vascular access and vital-care products.

Company details
Sector
Health Care
Industry (SIC)
Surgical & Medical Instruments
Headquarters
SAN CLEMENTE, CA
Fiscal year end
December
CIK
883984
SIC
3841

Financial performance, year by year

Fiscal 2011–2025 · USD
$-367.66M$382.26M$1.13B$1.88B$2.63B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns ICU Medical, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

333
funds hold it
0 of 35
superinvestors hold it
$2.09B
held by funds, at market
59.3%
of shares held by funds

Largest fund holders · ICU Medical, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.20%of fund net assets
Janus Henderson Enterprise Fund
JAENX · Janus Investment Fund
0.81%of fund net assets
Undiscovered Managers Behavioral Value Fund
UBVLX · UNDISCOVERED MANAGERS FUNDS
1.71%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.11%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do ICU Medical, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of ICU Medical, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in ICU Medical, Inc.'s last four quarterly filings that the numbers alone won't show?”
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