ICU Medical (ICUI) Revenue & Revenue Breakdown

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ICU Medical Revenue Highlights

Latest Revenue (Y)

$2.26B

Latest Revenue (Q)

$589.13M

Main Segment (Y)

Equipment revenue

Main Geography (Y)

UNITED STATES

ICU Medical Revenue by Period

ICU Medical Revenue by Year

Date	Revenue	Change
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 $2.26B in revenue during NA 2023, up -0.92% compared to the previous quarter, and up 161.36% compared to the same period a year ago.

ICU Medical Revenue by Quarter

Date	Revenue	Change
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 $589.13M in revenue during Q3 2024, up -1.23% compared to the previous quarter, and up 107.25% 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 23	Dec 22	Dec 21	Dec 20	Dec 19
Software revenue	$19.95M	-	-	-	-
Other deferred revenue	$1.92M	-	-	-	-
Government Grant Revenue	$944.00K	-	-	-	-
Equipment revenue	$35.87M	-	-	-	-
Vital Care	-	$284.61M	-	-	-
Infusion Consumables	-	$566.62M	$555.19M	$473.74M	$477.61M
IV Solutions	-	$363.47M	$359.48M	$388.97M	$414.97M
Critical Care	-	$47.33M	$49.32M	$48.60M	$45.34M
Infusion Consumables-Smiths Medical	-	$340.12M	-	-	-
Infusion Systems	-	$351.08M	$352.32M	$359.69M	$328.28M
Vascular Access	-	$326.76M	-	-	-
Other Revenue	-	-	-	-	-

ICU Medical's latest annual revenue breakdown by segment (product or service), as of Dec 23: Equipment revenue (61.12%), Software revenue (33.99%), Other deferred revenue (3.28%), and Government Grant Revenue (1.61%).

Quarterly Revenue by Product

Product/Service	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	Mar 20	Dec 19	Sep 19
Software revenue	$24.56M	$5.57M	-	$12.80M	$8.00M	$8.32M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Government Grant Revenue	$7.86M	-	-	$944.00K	$1.45M	$1.42M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment revenue	$38.83M	$9.34M	-	$25.62M	$15.61M	$17.46M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other deferred revenue	$503.00K	$155.00K	-	$1.67M	$2.59M	$3.71M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Infusion Consumables-Smiths Medical	-	-	-	-	-	-	$99.13M	$96.89M	$77.81M	$66.29M	-	-	-	-	-	-	-	-	-	-
Infusion Consumables	-	-	-	-	-	-	$140.57M	$141.07M	$144.46M	$140.52M	$147.77M	$144.85M	$136.20M	$126.37M	$123.19M	$116.05M	$110.99M	$123.51M	$119.62M	$119.75M
Infusion Systems	-	-	-	-	-	-	$88.97M	$87.85M	$87.25M	$87.01M	$92.64M	$90.69M	$84.66M	$84.33M	$91.83M	$88.39M	$91.09M	$88.38M	$83.76M	$78.93M
Vascular Access	-	-	-	-	-	-	$75.42M	$95.28M	$77.06M	$79.01M	-	-	-	-	-	-	-	-	-	-
Vital Care	-	-	-	-	-	-	$77.50M	$69.52M	$67.94M	$69.65M	-	-	-	-	-	-	-	-	-	-
Critical Care	-	-	-	-	-	-	$11.92M	$10.88M	$12.37M	$12.16M	$12.47M	$11.29M	$12.39M	$13.17M	$11.83M	$12.22M	$12.12M	$12.43M	$11.15M	$10.63M
IV Solutions	-	-	-	-	-	-	$84.51M	$96.37M	$94.11M	$88.48M	$87.64M	$89.24M	$88.42M	$94.18M	$93.60M	$101.90M	$89.18M	$104.29M	$101.00M	$98.16M

ICU Medical's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Equipment revenue (54.11%), Software revenue (34.23%), Government Grant Revenue (10.96%), and Other deferred revenue (0.70%).

ICU Medical Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
EMEA	$373.57M	$367.41M	$147.49M	$132.76M	$130.53M
UNITED STATES	$1.44B	$1.46B	$941.81M	$910.63M	$923.34M
Other foreign countries	$203.84M	$195.31M	$227.01M	$227.61M	$212.34M
APAC	-	$257.21M	-	-	-
Foreign	-	-	$374.50M	$360.38M	$342.87M

ICU Medical's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (71.38%), EMEA (18.52%), and Other foreign countries (10.10%).

Quarterly Revenue by Country

Country	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	Mar 20	Dec 19	Sep 19
EMEA	$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	$37.93M	$33.70M	$31.47M
UNITED STATES	$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	$230.16M	$225.84M	$222.60M
Asia Pacific	$60.29M	$51.85M	$59.06M	$60.03M	$58.62M	$66.57M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other foreign countries	$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	$60.52M	$55.98M	$53.40M	-	-
CANADA	-	-	-	-	-	-	-	$29.13M	-	-	-	-	-	-	-	-	-	-	-	-
Latin America	-	-	-	-	-	-	-	$23.60M	-	-	-	-	-	-	-	-	-	-	-	-
Americas	-	-	-	-	-	-	-	$429.42M	-	-	-	-	-	-	-	-	-	-	-	-
Foreign	-	-	-	-	-	-	-	-	$197.14M	$195.33M	$96.03M	$90.76M	$97.01M	$90.69M	$85.65M	$81.12M	$95.16M	$98.45M	$89.68M	$84.87M

ICU Medical's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (62.72%), EMEA (17.26%), Asia Pacific (10.23%), and Other foreign countries (9.78%).

ICU Medical Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
HOLX	Hologic	$4.03B	$1.01B
XRAY	DENTSPLY SIRONA	$3.96B	$951.00M
COO	Cooper Companies	$3.59B	$1.00B
ATR	AptarGroup	$3.49B	$909.29M
NVST	Envista	$2.57B	$884.70M
ICUI	ICU Medical	$2.26B	$589.13M
HAE	Haemonetics	$1.31B	$336.17M
MMSI	Merit Medical Systems	$1.26B	$339.85M
ATRC	AtriCure	$399.25M	$115.91M
ANGO	AngioDynamics	$303.91M	$67.49M
AKYA	Akoya Biosciences	$96.63M	$18.81M
ATRI	Atrion	-	$48.77M

ICUI Revenue FAQ

What is ICU Medical’s yearly revenue?

ICU Medical's yearly revenue for 2023 was $2.26B, representing a decrease of -0.92% compared to 2022. The company's yearly revenue for 2022 was $2.28B, representing an increase of 73.21% compared to 2021. ICUI's yearly revenue for 2021 was $1.32B, representing an increase of 3.56% compared to 2020.

What is ICU Medical’s quarterly revenue?

ICU Medical'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). The company's quarterly revenue for Q2 2024 was $596.46M, a 5.39% increase from the previous quarter (Q1 2024), and a 8.58% increase year-over-year (Q2 2023). ICUI's quarterly revenue for Q1 2024 was $565.96M, a -3.75% decrease from the previous quarter (Q4 2023), and a -0.47% decrease year-over-year (Q1 2023).

What is ICU Medical’s revenue growth rate?

ICU Medical's revenue growth rate for the last 3 years (2021-2023) was 71.63%, and for the last 5 years (2019-2023) was 78.42%.

What are ICU Medical’s revenue streams?

ICU Medical's revenue streams in c 23 are Software revenue, Other deferred revenue, Government Grant Revenue, and Equipment revenue. Software revenue generated $19.95M in revenue, accounting 33.99% of the company's total revenue Other deferred revenue generated $1.92M in revenue, accounting 3.28% of the company's total revenue Government Grant Revenue generated $944K in revenue, accounting 1.61% of the company's total revenue Equipment revenue generated $35.87M in revenue, accounting 61.12% of the company's total revenue

What is ICU Medical’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of ICU Medical was Equipment revenue. This segment made a revenue of $35.87M, representing 61.12% of the company's total revenue.