Flagship explainer

How ICU MEDICAL INC/DE makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.2B · 100%Cost of revenue$1.4B · 63%Gross profit$822M · 37%Operating income$42.8M · 2%Income before tax$4.4M · 0%Income tax$2.4M · 0%Net income$732000 · 0%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.2B100%
Cost of revenue$1.4B63%
$822M37%
$42.8M2%
Income before tax$4.4M0%
Income tax$2.4M0%
$7320000%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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ICUI income explainer — Buy Like Buffett · Buy Like Buffett