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Side-by-side financial comparison of CNA FINANCIAL CORP (CNA) and ICU MEDICAL INC (ICUI). Click either name above to swap in a different company.
ICU MEDICAL INC is the larger business by last-quarter revenue ($540.7M vs $389.0M, roughly 1.4× CNA FINANCIAL CORP). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs -2.9%, a 80.5% gap on every dollar of revenue. On growth, CNA FINANCIAL CORP posted the faster year-over-year revenue change (-2.0% vs -14.1%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $36.0M). Over the past eight quarters, CNA FINANCIAL CORP's revenue compounded faster (-2.2% CAGR vs -2.3%).
CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.
ICU Medical, Inc. is a medical technology company based in San Clemente, California. ICU Medical products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. ICU Medical product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices and systems, sensor catheters, needle-free closed blood sampling systems, a...
CNA vs ICUI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $389.0M | $540.7M |
| Net Profit | $302.0M | $-15.7M |
| Gross Margin | — | 37.5% |
| Operating Margin | 97.2% | 1.0% |
| Net Margin | 77.6% | -2.9% |
| Revenue YoY | -2.0% | -14.1% |
| Net Profit YoY | 1338.1% | 34.0% |
| EPS (diluted) | $1.11 | $-0.63 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $389.0M | $540.7M | ||
| Q3 25 | $393.0M | $537.0M | ||
| Q2 25 | $398.0M | $548.9M | ||
| Q1 25 | $397.0M | $604.7M | ||
| Q4 24 | $397.0M | $629.8M | ||
| Q3 24 | $401.0M | $589.1M | ||
| Q2 24 | $404.0M | $596.5M | ||
| Q1 24 | $407.0M | $566.7M |
| Q4 25 | $302.0M | $-15.7M | ||
| Q3 25 | $403.0M | $-3.4M | ||
| Q2 25 | $299.0M | $35.3M | ||
| Q1 25 | $274.0M | $-15.5M | ||
| Q4 24 | $21.0M | $-23.8M | ||
| Q3 24 | $283.0M | $-33.0M | ||
| Q2 24 | $317.0M | $-21.4M | ||
| Q1 24 | $338.0M | $-39.5M |
| Q4 25 | — | 37.5% | ||
| Q3 25 | — | 37.4% | ||
| Q2 25 | — | 37.9% | ||
| Q1 25 | — | 34.7% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 34.8% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 32.7% |
| Q4 25 | 97.2% | 1.0% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | 95.5% | 1.9% | ||
| Q1 25 | 87.9% | 2.1% | ||
| Q4 24 | 5.3% | 6.0% | ||
| Q3 24 | 90.0% | 1.4% | ||
| Q2 24 | 99.5% | 1.3% | ||
| Q1 24 | — | -1.9% |
| Q4 25 | 77.6% | -2.9% | ||
| Q3 25 | 102.5% | -0.6% | ||
| Q2 25 | 75.1% | 6.4% | ||
| Q1 25 | 69.0% | -2.6% | ||
| Q4 24 | 5.3% | -3.8% | ||
| Q3 24 | 70.6% | -5.6% | ||
| Q2 24 | 78.5% | -3.6% | ||
| Q1 24 | 83.0% | -7.0% |
| Q4 25 | $1.11 | $-0.63 | ||
| Q3 25 | $1.48 | $-0.14 | ||
| Q2 25 | $1.10 | $1.43 | ||
| Q1 25 | $1.00 | $-0.63 | ||
| Q4 24 | $0.07 | $-0.97 | ||
| Q3 24 | $1.04 | $-1.35 | ||
| Q2 24 | $1.17 | $-0.88 | ||
| Q1 24 | $1.24 | $-1.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $3.0B | — |
| Stockholders' EquityBook value | $11.6B | $2.1B |
| Total Assets | $69.4B | $4.1B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $308.6M | ||
| Q3 24 | — | $312.5M | ||
| Q2 24 | — | $302.6M | ||
| Q1 24 | — | $251.4M |
| Q4 25 | $3.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $11.6B | $2.1B | ||
| Q3 25 | $11.3B | $2.1B | ||
| Q2 25 | $10.7B | $2.1B | ||
| Q1 25 | $10.3B | $2.0B | ||
| Q4 24 | $10.5B | $2.0B | ||
| Q3 24 | $10.8B | $2.0B | ||
| Q2 24 | $9.9B | $2.0B | ||
| Q1 24 | $9.7B | $2.1B |
| Q4 25 | $69.4B | $4.1B | ||
| Q3 25 | $69.8B | $4.1B | ||
| Q2 25 | $68.9B | $4.1B | ||
| Q1 25 | $67.3B | $4.2B | ||
| Q4 24 | $66.5B | $4.2B | ||
| Q3 24 | $67.4B | $4.3B | ||
| Q2 24 | $65.2B | $4.3B | ||
| Q1 24 | $65.1B | $4.3B |
| Q4 25 | 0.26× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $570.0M | $60.6M |
| Free Cash FlowOCF − Capex | $542.0M | $36.0M |
| FCF MarginFCF / Revenue | 139.3% | 6.6% |
| Capex IntensityCapex / Revenue | 7.2% | 4.6% |
| Cash ConversionOCF / Net Profit | 1.89× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.4B | $91.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $570.0M | $60.6M | ||
| Q3 25 | $720.0M | $56.7M | ||
| Q2 25 | $562.0M | $11.2M | ||
| Q1 25 | $638.0M | $51.3M | ||
| Q4 24 | $703.0M | $40.2M | ||
| Q3 24 | $748.0M | $36.1M | ||
| Q2 24 | $616.0M | $82.0M | ||
| Q1 24 | $504.0M | $45.8M |
| Q4 25 | $542.0M | $36.0M | ||
| Q3 25 | $704.0M | $27.6M | ||
| Q2 25 | $538.0M | $-8.5M | ||
| Q1 25 | $620.0M | $36.7M | ||
| Q4 24 | $665.0M | $16.1M | ||
| Q3 24 | $730.0M | $16.2M | ||
| Q2 24 | $597.0M | $62.5M | ||
| Q1 24 | $484.0M | $29.9M |
| Q4 25 | 139.3% | 6.6% | ||
| Q3 25 | 179.1% | 5.1% | ||
| Q2 25 | 135.2% | -1.5% | ||
| Q1 25 | 156.2% | 6.1% | ||
| Q4 24 | 167.5% | 2.6% | ||
| Q3 24 | 182.0% | 2.7% | ||
| Q2 24 | 147.8% | 10.5% | ||
| Q1 24 | 118.9% | 5.3% |
| Q4 25 | 7.2% | 4.6% | ||
| Q3 25 | 4.1% | 5.4% | ||
| Q2 25 | 6.0% | 3.6% | ||
| Q1 25 | 4.5% | 2.4% | ||
| Q4 24 | 9.6% | 3.8% | ||
| Q3 24 | 4.5% | 3.4% | ||
| Q2 24 | 4.7% | 3.3% | ||
| Q1 24 | 4.9% | 2.8% |
| Q4 25 | 1.89× | — | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 1.88× | 0.32× | ||
| Q1 25 | 2.33× | — | ||
| Q4 24 | 33.48× | — | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | 1.94× | — | ||
| Q1 24 | 1.49× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNA
Segment breakdown not available.
ICUI
| Infusion Consumables | $284.7M | 53% |
| Infusion Systems | $176.3M | 33% |
| Vital Care | $79.7M | 15% |
