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ICU Medical is a California-based pure-play infusion therapy company that provides consumables, systems, and services for virtually every component of the IV continuum of care. ICU has become one of the largest players in its industry following its acquisition of Hospira Infusion Systems from Pfizer in 2017 and Smiths Medical from Smiths Group in 2022. It holds top-tier positions across its three reporting segments: consumables (43% of consolidated revenue), infusion systems (28%), and vital care (29%). The combined entity remains primarily US-focused, generating over 63% of its sales domestically.
1984
15K+
LTM Revenue $2.3B
LTM EBITDA $377M
$4.8B
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ICU Medical has a last 12-month revenue of $2.3B and a last 12-month EBITDA of $377M.
In the most recent fiscal year, ICU Medical achieved revenue of $2.4B and an EBITDA of $260M.
ICU Medical expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ICU Medical valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | XXX | XXX | XXX |
| Gross Profit | $698M | $740M | XXX | XXX | XXX |
| Gross Margin | 31% | 31% | XXX | XXX | XXX |
| EBITDA | $253M | $260M | XXX | XXX | XXX |
| EBITDA Margin | 11% | 11% | XXX | XXX | XXX |
| Net Profit | -$74.3M | -$29.7M | XXX | XXX | XXX |
| Net Margin | -3% | -1% | XXX | XXX | XXX |
| Net Debt | $1.4B | $1.4B | XXX | XXX | XXX |
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As of April 15, 2025, ICU Medical's stock price is $141.
ICU Medical has current market cap of $3.5B, and EV of $4.8B.
See ICU Medical trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.8B | $3.5B | XXX | XXX | XXX | XXX | $6.34 |
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Sign UpAs of April 15, 2025, ICU Medical has market cap of $3.5B and EV of $4.8B.
ICU Medical's trades at 2.0x LTM EV/Revenue multiple, and 12.7x LTM EBITDA.
Analysts estimate ICU Medical's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for ICU Medical and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $4.8B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 18.4x | XXX | XXX | XXX |
| P/E | -29.4x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 42.1x | XXX | XXX | XXX |
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Sign UpICU Medical's NTM/LTM revenue growth is 1%
ICU Medical's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $48K for the same period.
Over next 12 months, ICU Medical's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate ICU Medical's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for ICU Medical and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 12% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $48K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 31% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Philips | XXX | XXX | XXX | XXX | XXX | XXX |
| Perspective Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| SmartVest | XXX | XXX | XXX | XXX | XXX | XXX |
| InfuSystem | XXX | XXX | XXX | XXX | XXX | XXX |
| Myomo | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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ICU Medical acquired XXX companies to date.
Last acquisition by ICU Medical was XXXXXXXX, XXXXX XXXXX XXXXXX . ICU Medical acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was ICU Medical founded? | ICU Medical was founded in 1984. |
| Where is ICU Medical headquartered? | ICU Medical is headquartered in United States of America. |
| How many employees does ICU Medical have? | As of today, ICU Medical has 15K+ employees. |
| Who is the CEO of ICU Medical? | ICU Medical's CEO is Mr. Vivek Jain. |
| Is ICU Medical publicy listed? | Yes, ICU Medical is a public company listed on NAS. |
| What is the stock symbol of ICU Medical? | ICU Medical trades under ICUI ticker. |
| When did ICU Medical go public? | ICU Medical went public in 1992. |
| Who are competitors of ICU Medical? | Similar companies to ICU Medical include e.g. Philips, Perspective Therapeutics, SmartVest, InfuSystem. |
| What is the current market cap of ICU Medical? | ICU Medical's current market cap is $3.5B |
| What is the current revenue of ICU Medical? | ICU Medical's last 12-month revenue is $2.3B. |
| What is the current EBITDA of ICU Medical? | ICU Medical's last 12-month EBITDA is $377M. |
| What is the current EV/Revenue multiple of ICU Medical? | Current revenue multiple of ICU Medical is 2.0x. |
| What is the current EV/EBITDA multiple of ICU Medical? | Current EBITDA multiple of ICU Medical is 12.7x. |
| What is the current revenue growth of ICU Medical? | ICU Medical revenue growth between 2023 and 2024 was 5%. |
| Is ICU Medical profitable? | Yes, ICU Medical is EBITDA-positive (as of the last 12 months). |
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