ICUI

Healthcare

ICU Medical, Inc. · Medical - Instruments & Supplies · $3B

UQS Score — Balanced Preset
34.6
Below Average

ICU Medical, Inc. scores 34.6/100 using the Balanced preset.

UQS vs Healthcare Sector
ICUI
34.6
Sector avg
32.4
Quality
Weak
Moat
Weak
Growth
Neutral
Risk
Weak
Valuation
Good

What is ICU Medical, Inc.?

ICU Medical develops and manufactures medical devices focused on infusion therapy and critical care. Headquartered in San Clemente, California, the company serves hospitals and healthcare systems across the globe.

ICU Medical generates revenue by selling needlefree connectors, closed system drug transfer devices, IV solutions, infusion pumps, and hemodynamic monitoring equipment to healthcare providers. Its MedNet software platform connects smart infusion pumps to hospital electronic health records, adding a recurring software and services layer to its hardware business. The company also manufactures a broad range of IV fluids and irrigation solutions, giving it an integrated position across the infusion therapy supply chain.

ICU Medical was founded in 1992 and is headquartered in San Clemente, California.

  • Needlefree connectors — MicroClave, NanoClave, and SwabCap product lines
  • Closed system drug transfer devices — ChemoClave and ChemoLock
  • Infusion pumps — Plum 360 and LifeCare PCA platforms
  • ICU Medical MedNet medication management software
  • IV fluids, diluents, and irrigation solutions

Is ICUI a Good Stock to Buy?

UQS Score rates ICUI as Below Average overall.

The Valuation pillar stands out as the relative bright spot in ICUI's profile, suggesting the market may not be pricing in a premium for the stock at current levels. The Growth pillar registers as Neutral, indicating the business is not in outright decline but has yet to demonstrate a clear acceleration in its fundamentals.

The Quality, Moat, and Risk pillars all carry Weak ratings — pointing to concerns around profitability consistency, competitive differentiation, and the company's overall financial resilience.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does ICUI pay dividends?

No — ICU Medical, Inc. does not currently pay a dividend.

ICU Medical does not currently pay a dividend. Companies at this stage of the medical device lifecycle often prioritize reinvestment — funding product development, manufacturing capacity, and integration of acquired businesses — over returning cash to shareholders. Income-focused investors should factor this into their assessment.

When does ICUI report earnings?

ICU Medical reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.

The company's recent results reflect the challenges visible in its UQS pillar profile — particularly around quality and risk — with profitability under pressure as it works through operational integration. Revenue trends have been mixed relative to sector peers.

For the most recent quarter's results and guidance, visit ICU Medical's investor relations page directly.

ICUI Price History

-38.4% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in ICU Medical, Inc.?

$
Today it would be worth
$5,995
That's a -40.0% total return, or -9.7% annualized.

Based on ICU Medical, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

ICUI Long-term Outlook

The fundamental outlook for ICUI is cautious. A Neutral Growth pillar suggests the business has stabilizing revenue potential, but Weak Quality and Risk ratings indicate that converting top-line activity into consistent earnings remains a challenge. The Good Valuation rating could attract attention if operational improvements materialize, but the Weak Moat profile raises questions about pricing power and long-term margin sustainability.

Growth drivers

  • Ongoing hospital adoption of integrated infusion pump and software platforms
  • Expanding closed system drug transfer device demand driven by hazardous drug handling regulations
  • Cross-selling IV fluid and device portfolios to existing hospital customers

Key risks

  • Weak profitability metrics limiting financial flexibility for reinvestment
  • Competitive pressure in the infusion therapy device market from larger, better-capitalized peers
  • Integration complexity from prior acquisitions weighing on operational efficiency

ICUI vs Peers

ICU Medical operates in a competitive medical device landscape alongside companies with distinct product focuses and financial profiles.

WRBYICUI scores lower
Warby Parker Inc.

Warby Parker operates in consumer eyewear rather than medical devices, representing a different end market and business model entirely.

HAEICUI scores lower
Haemonetics Corporation

Haemonetics focuses on blood management technologies, competing in adjacent hospital and blood center markets with a narrower product scope.

LMATICUI scores lower
LeMaitre Vascular, Inc.

LeMaitre Vascular specializes in vascular surgery devices, serving a more surgical niche compared to ICU Medical's infusion therapy focus.

Frequently Asked Questions

What does ICU Medical do?

ICU Medical develops and sells medical devices for infusion therapy and critical care. Its product range spans needlefree connectors, infusion pumps, closed system drug transfer devices, IV fluids, and medication management software — all aimed at improving safety and efficiency in hospital settings.

Does ICUI pay dividends?

ICU Medical does not currently pay a dividend. The company has historically directed capital toward product development and business integration rather than shareholder distributions. Investors seeking income should note this before adding ICUI to a dividend-focused portfolio.

When does ICUI report earnings?

ICU Medical follows a standard quarterly earnings cadence for US-listed companies. Specific upcoming report dates are not covered by our data source — check ICU Medical's investor relations page for the current schedule.

Is ICUI a good stock to buy?

UQS Score rates ICUI as Below Average, reflecting Weak readings across Quality, Moat, and Risk pillars. The Valuation pillar is Good, which may interest contrarian investors, but the broader pillar profile warrants careful review. See the full breakdown on UQS Pro.

Is ICUI overvalued?

The UQS Valuation pillar for ICUI is rated Good, suggesting the stock does not appear expensive relative to its fundamentals at current levels. However, valuation alone does not offset concerns in other areas — quality and risk factors remain important context.

How does ICUI compare to its competitors?

ICU Medical competes in the medical device and infusion therapy space alongside companies like Haemonetics and LeMaitre Vascular, each with distinct product focuses. ICUI's integrated portfolio of devices, fluids, and software is a differentiating factor, though its UQS profile currently trails stronger-rated peers in quality and moat.

What is ICUI's market cap bracket?

ICU Medical is classified as a mid-cap company. This places it in a tier where institutional coverage exists but the stock may see more volatility than large-cap medical device names during periods of market stress.

Who founded ICU Medical?

ICU Medical was founded in 1992. Detailed founding history, including founder names, is publicly available through the company's official corporate history and investor relations materials.

Is ICUI a long-term quality investment?

As a long-term quality indicator, ICUI's Below Average UQS Score — driven by Weak Quality, Moat, and Risk pillars — suggests the business has meaningful hurdles to clear before it would rank among higher-conviction long-term holdings. The Neutral Growth and Good Valuation pillars offer some balance, but durability of competitive position remains a concern.

What is the main competitive advantage of ICU Medical?

ICU Medical's broadest competitive asset is its integrated portfolio — combining physical devices, IV fluids, and software in a single vendor relationship for hospitals. However, the UQS Moat pillar rates this advantage as Weak, indicating that differentiation may not yet translate into durable pricing power or switching costs at scale.

What sector does ICUI belong to?

ICU Medical operates in the Healthcare sector, specifically within the medical devices and equipment segment. It serves acute care hospitals and healthcare systems globally, with products spanning infusion therapy, critical care monitoring, and IV fluid manufacturing.

Is ICUI a growth stock or value stock?

Based on its UQS profile, ICUI sits in an in-between position — the Growth pillar is Neutral, suggesting neither strong expansion nor contraction, while the Valuation pillar is Good. This combination may appeal to investors looking for a potentially undervalued turnaround rather than a pure growth or deep-value play.

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Pro Analysis

ICUI — Score History

2530354045Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 19 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 17, 202635.720.824.040.836.572.2+1.8
May 10, 202633.95.324.040.836.985.6-0.1
May 8, 202634.05.324.040.736.986.50.0
May 7, 202634.016.024.040.736.169.6-0.2
May 3, 202634.216.024.040.736.170.8+0.3
Apr 26, 202633.916.024.040.736.168.8+0.3
Apr 25, 202633.616.024.040.736.167.2-0.1
Apr 23, 202633.716.024.040.736.167.4-0.1
Apr 19, 202633.816.024.040.836.168.1-0.1
Apr 18, 202633.916.024.040.836.168.6-0.7

ICUI — Pillar Breakdown

Quality

20.2/100 (25%)

ICU Medical, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsModerate

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

40.8/100 (20%)

ICU Medical, Inc. shows steady but unspectacular growth, typical for mature companies.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

36.5/100 (15%)

ICU Medical, Inc. has some risk factors including moderate leverage or solvency concerns.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

65.8/100 (15%)

ICU Medical, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowModerate

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorModerate

Enterprise value multiple relative to sector median.

Moat

24/100 (25%)

ICU Medical, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ICUI.

Score Composition

Quality
20.2×25%5.0
Growth
40.8×20%8.2
Risk
36.5×15%5.5
Valuation
65.8×15%9.9
Moat
24.0×25%6.0
Total
34.6Below Average

Financial Data

More Stock Analysis

How is the ICUI UQS Score Calculated?

The UQS (Unified Quality Score) for ICU Medical, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses ICU Medical, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether ICU Medical, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.