ICU Medical (ICUI) Revenue & Revenue Breakdown

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ICU Medical Revenue Highlights

Latest Revenue (Y)

$2.38B

Latest Revenue (Q)

$604.70M

Main Segment (Y)

Equipment revenue

Main Geography (Y)

UNITED STATES

ICU Medical Revenue by Period

ICU Medical Revenue by Year

Date	Revenue	Change
2024-12-31	$2.38B	5.44%
2023-12-31	$2.26B	-0.92%
2022-12-31	$2.28B	73.21%
2021-12-31	$1.32B	3.56%
2020-12-31	$1.27B	0.38%
2019-12-31	$1.27B	-9.56%
2018-12-31	$1.40B	8.31%
2017-12-31	$1.29B	240.72%
2016-12-31	$379.37M	11.04%
2015-12-31	$341.67M	10.48%
2014-12-31	$309.26M	-1.42%
2013-12-31	$313.72M	-1.00%
2012-12-31	$316.87M	4.86%
2011-12-31	$302.19M	6.19%
2010-12-31	$284.58M	22.92%
2009-12-31	$231.51M	13.08%
2008-12-31	$204.73M	8.82%
2007-12-31	$188.14M	-6.68%
2006-12-31	$201.61M	27.98%
2005-12-31	$157.53M	108.51%
2004-12-31	$75.55M	-29.63%
2003-12-31	$107.35M	22.26%
2002-12-31	$87.81M	27.16%
2001-12-31	$69.06M	22.89%
2000-12-31	$56.19M	19.56%
1999-12-31	$47.00M	18.09%
1998-12-31	$39.80M	30.92%
1997-12-31	$30.40M	23.58%
1996-12-31	$24.60M	15.49%
1995-12-31	$21.30M	29.09%
1994-12-31	$16.50M	44.74%
1993-12-31	$11.40M	-

ICU Medical generated $2.38B in revenue during NA 2024, up 5.44% compared to the previous quarter, and up 188.12% compared to the same period a year ago.

ICU Medical Revenue by Quarter

Date	Revenue	Change
2025-03-31	$604.70M	-3.99%
2024-12-31	$629.80M	6.90%
2024-09-30	$589.13M	-1.23%
2024-06-30	$596.46M	5.39%
2024-03-31	$565.96M	-3.75%
2023-12-31	$587.99M	6.27%
2023-09-30	$553.31M	0.73%
2023-06-30	$549.31M	-3.40%
2023-03-31	$568.65M	-1.62%
2022-12-31	$578.01M	-3.32%
2022-09-30	$597.86M	6.57%
2022-06-30	$561.00M	3.29%
2022-03-31	$543.12M	59.50%
2021-12-31	$340.52M	1.33%
2021-09-30	$336.06M	4.47%
2021-06-30	$321.68M	1.14%
2021-03-31	$318.05M	-0.75%
2020-12-31	$320.45M	0.59%
2020-09-30	$318.57M	5.01%
2020-06-30	$303.38M	-7.68%
2020-03-31	$328.61M	4.15%
2019-12-31	$315.52M	2.62%
2019-09-30	$307.47M	-1.54%
2019-06-30	$312.28M	-5.64%
2019-03-31	$330.93M	-2.78%
2018-12-31	$340.38M	4.04%
2018-09-30	$327.17M	-9.24%
2018-06-30	$360.46M	-3.11%
2018-03-31	$372.03M	0.52%
2017-12-31	$370.12M	7.83%
2017-09-30	$343.24M	3.54%
2017-06-30	$331.51M	33.82%
2017-03-31	$247.74M	158.90%
2016-12-31	$95.69M	-1.46%
2016-09-30	$97.11M	0.40%
2016-06-30	$96.72M	7.64%
2016-03-31	$89.86M	-0.59%
2015-12-31	$90.39M	5.08%
2015-09-30	$86.02M	2.67%
2015-06-30	$83.78M	2.82%
2015-03-31	$81.48M	1.99%
2014-12-31	$79.90M	3.15%
2014-09-30	$77.46M	-1.55%
2014-06-30	$78.68M	7.44%
2014-03-31	$73.23M	-6.04%
2013-12-31	$77.94M	-5.89%
2013-09-30	$82.81M	5.28%
2013-06-30	$78.66M	5.87%
2013-03-31	$74.30M	-10.13%
2012-12-31	$82.67M	1.56%
2012-09-30	$81.41M	5.34%
2012-06-30	$77.28M	2.34%
2012-03-31	$75.51M	-1.25%
2011-12-31	$76.47M	0.02%
2011-09-30	$76.46M	-1.72%
2011-06-30	$77.80M	8.85%
2011-03-31	$71.47M	-5.49%
2010-12-31	$75.62M	-0.15%
2010-09-30	$75.74M	9.98%
2010-06-30	$68.86M	6.99%
2010-03-31	$64.36M	-7.81%
2009-12-31	$69.81M	29.37%
2009-09-30	$53.97M	1.06%
2009-06-30	$53.40M	-1.72%
2009-03-31	$54.34M	-4.25%
2008-12-31	$56.74M	3.67%
2008-09-30	$54.73M	12.64%
2008-06-30	$48.59M	8.82%
2008-03-31	$44.65M	-1.96%
2007-12-31	$45.55M	-

ICU Medical generated $604.70M in revenue during Q1 2025, up -3.99% compared to the previous quarter, and up 102.84% compared to the same period a year ago.

ICU Medical Revenue Breakdown

ICU Medical Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Other deferred revenue	$503.00K	$1.92M	-	-	-
Government Grant Revenue	$7.34M	$944.00K	-	-	-
Software revenue	$29.91M	$19.95M	-	-	-
Equipment revenue	$55.93M	$35.87M	-	-	-
IV Solutions	-	-	$363.47M	$359.48M	$388.97M
Critical Care	-	-	$47.33M	$49.32M	$48.60M
Infusion Consumables-Smiths Medical	-	-	$340.12M	-	-
Infusion Systems	-	-	$351.08M	$352.32M	$359.69M
Infusion Consumables	-	-	$566.62M	$555.19M	$473.74M
Vascular Access	-	-	$326.76M	-	-
Vital Care	-	-	$284.61M	-	-

ICU Medical's latest annual revenue breakdown by segment (product or service), as of Dec 24: Equipment revenue (59.70%), Software revenue (31.93%), Government Grant Revenue (7.84%), and Other deferred revenue (0.54%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Other deferred revenue	$390.00K	$239.00K	-	$503.00K	$155.00K	-	$1.67M	$2.59M	$3.71M	-	-	-	-	-	-	-	-	-	-	-
Government Grant Revenue	$-1.02M	$-509.00K	-	$7.86M	-	-	$944.00K	$1.45M	$1.42M	-	-	-	-	-	-	-	-	-	-	-
Software revenue	$2.47M	$1.20M	-	$24.56M	$5.57M	-	$12.80M	$8.00M	$8.32M	-	-	-	-	-	-	-	-	-	-	-
Equipment revenue	$30.36M	$19.94M	$7.77M	$38.83M	$9.34M	-	$25.62M	$15.61M	$17.46M	-	-	-	-	-	-	-	-	-	-	-
Infusion Systems	-	$166.30M	$88.97M	$87.85M	$87.25M	$87.01M	$92.64M	$90.69M	$84.66M	$84.33M	$91.83M	$88.39M	$91.09M	-	-	-	-	-	-	-
Vital Care	-	$172.18M	$77.50M	$69.52M	$67.94M	$69.65M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Infusion Consumables	-	$266.23M	$140.57M	$141.07M	$144.46M	$140.52M	$147.77M	$144.85M	$136.20M	$126.37M	$123.19M	$116.05M	$110.99M	-	-	-	-	-	-	-
IV Solutions	-	-	-	-	-	-	-	-	-	$84.51M	$96.37M	$94.11M	$88.48M	$87.64M	$89.24M	$88.42M	$94.18M	$93.60M	$101.90M	$89.18M
Critical Care	-	-	-	-	-	-	-	-	-	$11.92M	$10.88M	$12.37M	$12.16M	$12.47M	$11.29M	$12.39M	$13.17M	$11.83M	$12.22M	$12.12M
Infusion Consumables-Smiths Medical	-	-	-	-	-	-	-	-	-	$99.13M	$96.89M	$77.81M	$66.29M	-	-	-	-	-	-	-
Vascular Access	-	-	-	-	-	-	-	-	-	$75.42M	$95.28M	$77.06M	$79.01M	-	-	-	-	-	-	-

ICU Medical's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Equipment revenue (94.29%), Software revenue (7.68%), Other deferred revenue (1.21%), and Government Grant Revenue (-3.18%).

ICU Medical Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
UNITED STATES	$1.53B	$1.44B	$1.46B	$941.81M	$910.63M
Other foreign countries	$223.59M	$203.84M	$195.31M	$227.01M	$227.61M
EMEA	$393.53M	$373.57M	$367.41M	$147.49M	$132.76M
APAC	-	-	$257.21M	-	-
Foreign	-	-	-	$374.50M	$360.38M

ICU Medical's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (71.29%), EMEA (18.31%), and Other foreign countries (10.40%).

Quarterly Revenue by Country

Country	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
UNITED STATES	$335.43M	$388.25M	$796.43M	$369.51M	$366.15M	$376.98M	$355.98M	$347.87M	$359.19M	$371.72M	$376.69M	$363.87M	$347.79M	$244.49M	$245.30M	$224.67M	$227.35M	$234.80M	$237.45M	$208.22M
Asia Pacific	$58.40M	$59.41M	$60.29M	$51.85M	$59.06M	$60.03M	$58.62M	$66.57M	-	-	-	-	-	-	-	-	-	-	-	-
Other foreign countries	$55.97M	$61.36M	$115.72M	$57.62M	$50.26M	$50.32M	$50.25M	$51.42M	$51.85M	$109.72M	$109.13M	$57.34M	$54.52M	$59.25M	$55.90M	$52.00M	$48.52M	$66.57M	-	-
EMEA	$99.06M	$95.69M	$193.43M	$101.71M	$98.39M	$96.58M	$88.01M	$89.99M	$98.99M	$91.92M	$101.87M	$87.42M	$86.20M	$38.69M	$36.24M	$37.76M	$34.80M	$33.66M	$32.60M	$28.58M
Americas	-	-	-	-	-	-	-	-	-	-	$429.42M	-	-	-	-	-	-	-	-	-
Latin America	-	-	-	-	-	-	-	-	-	-	$23.60M	-	-	-	-	-	-	-	-	-
CANADA	-	-	-	-	-	-	-	-	-	-	$29.13M	-	-	-	-	-	-	-	-	-
Foreign	-	-	-	-	-	-	-	-	-	-	-	$197.14M	$195.33M	$96.03M	$90.76M	$97.01M	$90.69M	$85.65M	$81.12M	$95.16M

ICU Medical's latest quarterly revenue breakdown by geography, as of Jun 25: UNITED STATES (61.11%), EMEA (18.05%), Asia Pacific (10.64%), and Other foreign countries (10.20%).

ICU Medical Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PRGO	Perrigo	$4.37B	$1.06B
XRAY	DENTSPLY SIRONA	$3.79B	$936.00M
SGRY	Surgery Partners	$3.11B	$826.20M
ICUI	ICU Medical	$2.38B	$604.70M
HAE	Haemonetics	$1.36B	$321.39M
LIVN	LivaNova	$1.25B	$316.86M
WRBY	Warby Parker	$771.32M	$223.78M
APLS	Apellis Pharmaceuticals	$709.95M	$171.39M
TARS	Tarsus Pharmaceuticals	$182.95M	$78.33M
HTFL	Heartflow	$125.81M	$43.42M
MLYS	Mineralys Therapeutics	-	-

ICUI Revenue FAQ

What is ICU Medical’s yearly revenue?

ICU Medical's yearly revenue for 2024 was $2.38B, representing an increase of 5.44% compared to 2023. The company's yearly revenue for 2023 was $2.26B, representing a decrease of -0.92% compared to 2022. ICUI's yearly revenue for 2022 was $2.28B, representing an increase of 73.21% compared to 2021.

What is ICU Medical’s quarterly revenue?

ICU Medical's quarterly revenue for Q1 2025 was $604.7M, a -3.99% decrease from the previous quarter (Q4 2024), and a 6.85% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $629.8M, a 6.90% increase from the previous quarter (Q3 2024), and a 7.11% increase year-over-year (Q4 2023). ICUI's quarterly revenue for Q3 2024 was $589.13M, a -1.23% decrease from the previous quarter (Q2 2024), and a 6.47% increase year-over-year (Q3 2023).

What is ICU Medical’s revenue growth rate?

ICU Medical's revenue growth rate for the last 3 years (2022-2024) was 4.48%, and for the last 5 years (2020-2024) was 87.41%.

What are ICU Medical’s revenue streams?

ICU Medical's revenue streams in c 24 are Other deferred revenue, Government Grant Revenue, Software revenue, and Equipment revenue. Other deferred revenue generated $503K in revenue, accounting 0.54% of the company's total revenue, down -73.86% year-over-year. Government Grant Revenue generated $7.34M in revenue, accounting 7.84% of the company's total revenue, up 677.86% year-over-year. Software revenue generated $29.91M in revenue, accounting 31.93% of the company's total revenue, up 49.96% year-over-year. Equipment revenue generated $55.93M in revenue, accounting 59.70% of the company's total revenue, up 55.94% year-over-year.

What is ICU Medical’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of ICU Medical was Equipment revenue. This segment made a revenue of $55.93M, representing 59.70% of the company's total revenue.