What is ICU Medical's net debt?

ICU Medical (ICUI) reported net debt of $1.07B in Q1 2026.

How has ICU Medical's net debt changed year-over-year?

ICU Medical's net debt decreased by 21.2% year-over-year, from $1.36B to $1.07B.

What is the long-term trend for ICU Medical's net debt?

Over 5 years (2020 to 2025), ICU Medical's net debt has grown at a 25.3% compound annual growth rate (CAGR), from -$342.84M to $1.06B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

ICU Medical ICUI Net debt

Discontinued — last reported Q1 '26

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22.4×—

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1.5×+0.1×

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0.6×-0.3×

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Other financials

Income statement

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Revenue$530.2M-12.3%

Gross profit$206.2M-1.8%

Operating income$13.6M+5.4%

Net income$30.1M+295%

EPS (diluted)$1.20+290%

Balance sheet

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Cash & equivalents$288.3M-0.5%

Total debt$1.4B-17.5%

Total equity$2.1B+6.3%

Total assets$4.0B-4.1%

Cash flow

See full

Operating cash flow$38.9M-24.2%

CapEx$11.3M-22.7%

Free cash flow$27.6M-24.8%

Valuation

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Market cap$3.39B-6.3%

Profitability

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Gross margin37.9%+2.8pp

Operating margin2%-0.7pp

Net margin-0.3%-0.2pp

FCF margin4.2%-1.2pp

Returns & leverage

See full

Return on equity-0.4%-0.2pp

Debt / equity0.6×-0.2×

Current ratio2.3×-0.3×

Where this comes from

Calculated from ICU Medical’s reported figures.

$1.4Btotal debt−$288.3Mcash and equivalents=$1.07B

The official record: ICU Medical’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ICU Medical's net debt?: ICU Medical (ICUI) reported net debt of $1.07B in Q1 2026.
How has ICU Medical's net debt changed year-over-year?: ICU Medical's net debt decreased by 21.2% year-over-year, from $1.36B to $1.07B.
What is the long-term trend for ICU Medical's net debt?: Over 5 years (2020 to 2025), ICU Medical's net debt has grown at a 25.3% compound annual growth rate (CAGR), from -$342.84M to $1.06B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.