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Side-by-side financial comparison of ICU MEDICAL INC (ICUI) and Enpro Inc. (NPO). Click either name above to swap in a different company.

ICU MEDICAL INC is the larger business by last-quarter revenue ($540.7M vs $295.4M, roughly 1.8× Enpro Inc.). ICU MEDICAL INC runs the higher net margin — -2.9% vs -10.8%, a 7.9% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs -14.1%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% CAGR vs -2.3%).

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...

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

ICUI vs NPO — Head-to-Head

Bigger by revenue
ICUI
ICUI
1.8× larger
ICUI
$540.7M
$295.4M
NPO
Growing faster (revenue YoY)
NPO
NPO
+28.5% gap
NPO
14.3%
-14.1%
ICUI
Higher net margin
ICUI
ICUI
7.9% more per $
ICUI
-2.9%
-10.8%
NPO
Faster 2-yr revenue CAGR
NPO
NPO
Annualised
NPO
7.1%
-2.3%
ICUI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ICUI
ICUI
NPO
NPO
Revenue
$540.7M
$295.4M
Net Profit
$-15.7M
$-32.0M
Gross Margin
37.5%
42.1%
Operating Margin
1.0%
11.2%
Net Margin
-2.9%
-10.8%
Revenue YoY
-14.1%
14.3%
Net Profit YoY
34.0%
-330.2%
EPS (diluted)
$-0.63
$-1.50

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.

Revenue
ICUI
ICUI
NPO
NPO
Q4 25
$540.7M
$295.4M
Q3 25
$537.0M
$286.6M
Q2 25
$548.9M
$288.1M
Q1 25
$604.7M
$273.2M
Q4 24
$629.8M
$258.4M
Q3 24
$589.1M
$260.9M
Q2 24
$596.5M
$271.9M
Q1 24
$566.7M
$257.5M
Net Profit
ICUI
ICUI
NPO
NPO
Q4 25
$-15.7M
$-32.0M
Q3 25
$-3.4M
$21.6M
Q2 25
$35.3M
$26.4M
Q1 25
$-15.5M
$24.5M
Q4 24
$-23.8M
$13.9M
Q3 24
$-33.0M
$19.8M
Q2 24
$-21.4M
$26.7M
Q1 24
$-39.5M
$12.5M
Gross Margin
ICUI
ICUI
NPO
NPO
Q4 25
37.5%
42.1%
Q3 25
37.4%
41.9%
Q2 25
37.9%
43.3%
Q1 25
34.7%
43.3%
Q4 24
36.1%
42.3%
Q3 24
34.8%
42.3%
Q2 24
34.8%
43.8%
Q1 24
32.7%
41.2%
Operating Margin
ICUI
ICUI
NPO
NPO
Q4 25
1.0%
11.2%
Q3 25
2.6%
14.3%
Q2 25
1.9%
15.9%
Q1 25
2.1%
15.3%
Q4 24
6.0%
12.5%
Q3 24
1.4%
13.1%
Q2 24
1.3%
17.7%
Q1 24
-1.9%
10.9%
Net Margin
ICUI
ICUI
NPO
NPO
Q4 25
-2.9%
-10.8%
Q3 25
-0.6%
7.5%
Q2 25
6.4%
9.2%
Q1 25
-2.6%
9.0%
Q4 24
-3.8%
5.4%
Q3 24
-5.6%
7.6%
Q2 24
-3.6%
9.8%
Q1 24
-7.0%
4.9%
EPS (diluted)
ICUI
ICUI
NPO
NPO
Q4 25
$-0.63
$-1.50
Q3 25
$-0.14
$1.01
Q2 25
$1.43
$1.25
Q1 25
$-0.63
$1.15
Q4 24
$-0.97
$0.65
Q3 24
$-1.35
$0.94
Q2 24
$-0.88
$1.27
Q1 24
$-1.63
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ICUI
ICUI
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$114.7M
Total DebtLower is stronger
$655.3M
Stockholders' EquityBook value
$2.1B
$1.5B
Total Assets
$4.1B
$2.7B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICUI
ICUI
NPO
NPO
Q4 25
$114.7M
Q3 25
$132.9M
Q2 25
$107.1M
Q1 25
$240.3M
Q4 24
$308.6M
$236.3M
Q3 24
$312.5M
$206.9M
Q2 24
$302.6M
$175.9M
Q1 24
$251.4M
$163.9M
Total Debt
ICUI
ICUI
NPO
NPO
Q4 25
$655.3M
Q3 25
Q2 25
Q1 25
Q4 24
$640.1M
Q3 24
Q2 24
Q1 24
$644.9M
Stockholders' Equity
ICUI
ICUI
NPO
NPO
Q4 25
$2.1B
$1.5B
Q3 25
$2.1B
$1.5B
Q2 25
$2.1B
$1.5B
Q1 25
$2.0B
$1.5B
Q4 24
$2.0B
$1.4B
Q3 24
$2.0B
$1.5B
Q2 24
$2.0B
$1.4B
Q1 24
$2.1B
$1.4B
Total Assets
ICUI
ICUI
NPO
NPO
Q4 25
$4.1B
$2.7B
Q3 25
$4.1B
$2.4B
Q2 25
$4.1B
$2.4B
Q1 25
$4.2B
$2.5B
Q4 24
$4.2B
$2.5B
Q3 24
$4.3B
$2.5B
Q2 24
$4.3B
$2.5B
Q1 24
$4.3B
$2.5B
Debt / Equity
ICUI
ICUI
NPO
NPO
Q4 25
0.42×
Q3 25
Q2 25
Q1 25
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ICUI
ICUI
NPO
NPO
Operating Cash FlowLast quarter
$60.6M
Free Cash FlowOCF − Capex
$36.0M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
4.6%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$91.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICUI
ICUI
NPO
NPO
Q4 25
$60.6M
Q3 25
$56.7M
$65.3M
Q2 25
$11.2M
$52.2M
Q1 25
$51.3M
$21.0M
Q4 24
$40.2M
$59.4M
Q3 24
$36.1M
$54.0M
Q2 24
$82.0M
$43.2M
Q1 24
$45.8M
$6.3M
Free Cash Flow
ICUI
ICUI
NPO
NPO
Q4 25
$36.0M
Q3 25
$27.6M
$53.4M
Q2 25
$-8.5M
$42.3M
Q1 25
$36.7M
$13.0M
Q4 24
$16.1M
$49.1M
Q3 24
$16.2M
$48.3M
Q2 24
$62.5M
$38.3M
Q1 24
$29.9M
$-1.9M
FCF Margin
ICUI
ICUI
NPO
NPO
Q4 25
6.6%
Q3 25
5.1%
18.6%
Q2 25
-1.5%
14.7%
Q1 25
6.1%
4.8%
Q4 24
2.6%
19.0%
Q3 24
2.7%
18.5%
Q2 24
10.5%
14.1%
Q1 24
5.3%
-0.7%
Capex Intensity
ICUI
ICUI
NPO
NPO
Q4 25
4.6%
4.1%
Q3 25
5.4%
4.2%
Q2 25
3.6%
3.4%
Q1 25
2.4%
2.9%
Q4 24
3.8%
4.0%
Q3 24
3.4%
2.2%
Q2 24
3.3%
1.8%
Q1 24
2.8%
3.2%
Cash Conversion
ICUI
ICUI
NPO
NPO
Q4 25
Q3 25
3.02×
Q2 25
0.32×
1.98×
Q1 25
0.86×
Q4 24
4.27×
Q3 24
2.73×
Q2 24
1.62×
Q1 24
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ICUI
ICUI

Infusion Consumables$284.7M53%
Infusion Systems$176.3M33%
Vital Care$79.7M15%

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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