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

ICU MEDICAL INC is the larger business by last-quarter revenue ($540.7M vs $287.8M, roughly 1.9× QUINSTREET, INC). QUINSTREET, INC runs the higher net margin — 17.4% vs -2.9%, a 20.4% gap on every dollar of revenue. On growth, QUINSTREET, INC posted the faster year-over-year revenue change (1.9% vs -14.1%). ICU MEDICAL INC produced more free cash flow last quarter ($36.0M vs $20.7M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% 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...

QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.

ICUI vs QNST — Head-to-Head

Bigger by revenue
ICUI
ICUI
1.9× larger
ICUI
$540.7M
$287.8M
QNST
Growing faster (revenue YoY)
QNST
QNST
+16.0% gap
QNST
1.9%
-14.1%
ICUI
Higher net margin
QNST
QNST
20.4% more per $
QNST
17.4%
-2.9%
ICUI
More free cash flow
ICUI
ICUI
$15.2M more FCF
ICUI
$36.0M
$20.7M
QNST
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
-2.3%
ICUI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ICUI
ICUI
QNST
QNST
Revenue
$540.7M
$287.8M
Net Profit
$-15.7M
$50.2M
Gross Margin
37.5%
9.6%
Operating Margin
1.0%
0.4%
Net Margin
-2.9%
17.4%
Revenue YoY
-14.1%
1.9%
Net Profit YoY
34.0%
3342.5%
EPS (diluted)
$-0.63
$0.87

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
QNST
QNST
Q4 25
$540.7M
$287.8M
Q3 25
$537.0M
$285.9M
Q2 25
$548.9M
Q1 25
$604.7M
$269.8M
Q4 24
$629.8M
$282.6M
Q3 24
$589.1M
$279.2M
Q2 24
$596.5M
$198.3M
Q1 24
$566.7M
$168.6M
Net Profit
ICUI
ICUI
QNST
QNST
Q4 25
$-15.7M
$50.2M
Q3 25
$-3.4M
$4.5M
Q2 25
$35.3M
Q1 25
$-15.5M
$4.4M
Q4 24
$-23.8M
$-1.5M
Q3 24
$-33.0M
$-1.4M
Q2 24
$-21.4M
$-2.2M
Q1 24
$-39.5M
$-7.0M
Gross Margin
ICUI
ICUI
QNST
QNST
Q4 25
37.5%
9.6%
Q3 25
37.4%
9.4%
Q2 25
37.9%
Q1 25
34.7%
10.3%
Q4 24
36.1%
9.5%
Q3 24
34.8%
10.2%
Q2 24
34.8%
8.8%
Q1 24
32.7%
8.5%
Operating Margin
ICUI
ICUI
QNST
QNST
Q4 25
1.0%
0.4%
Q3 25
2.6%
1.7%
Q2 25
1.9%
Q1 25
2.1%
1.8%
Q4 24
6.0%
-0.5%
Q3 24
1.4%
-0.4%
Q2 24
1.3%
-0.7%
Q1 24
-1.9%
-3.2%
Net Margin
ICUI
ICUI
QNST
QNST
Q4 25
-2.9%
17.4%
Q3 25
-0.6%
1.6%
Q2 25
6.4%
Q1 25
-2.6%
1.6%
Q4 24
-3.8%
-0.5%
Q3 24
-5.6%
-0.5%
Q2 24
-3.6%
-1.1%
Q1 24
-7.0%
-4.2%
EPS (diluted)
ICUI
ICUI
QNST
QNST
Q4 25
$-0.63
$0.87
Q3 25
$-0.14
$0.08
Q2 25
$1.43
Q1 25
$-0.63
$0.08
Q4 24
$-0.97
$-0.03
Q3 24
$-1.35
$-0.02
Q2 24
$-0.88
$-0.04
Q1 24
$-1.63
$-0.13

Balance Sheet & Financial Strength

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

Metric
ICUI
ICUI
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$294.4M
Total Assets
$4.1B
$493.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICUI
ICUI
QNST
QNST
Q4 25
$107.0M
Q3 25
$101.3M
Q2 25
Q1 25
$81.8M
Q4 24
$308.6M
$57.8M
Q3 24
$312.5M
$25.0M
Q2 24
$302.6M
$50.5M
Q1 24
$251.4M
$39.6M
Stockholders' Equity
ICUI
ICUI
QNST
QNST
Q4 25
$2.1B
$294.4M
Q3 25
$2.1B
$246.7M
Q2 25
$2.1B
Q1 25
$2.0B
$235.5M
Q4 24
$2.0B
$224.3M
Q3 24
$2.0B
$219.8M
Q2 24
$2.0B
$216.8M
Q1 24
$2.1B
$215.0M
Total Assets
ICUI
ICUI
QNST
QNST
Q4 25
$4.1B
$493.0M
Q3 25
$4.1B
$442.6M
Q2 25
$4.1B
Q1 25
$4.2B
$417.2M
Q4 24
$4.2B
$409.6M
Q3 24
$4.3B
$401.2M
Q2 24
$4.3B
$368.5M
Q1 24
$4.3B
$349.3M

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
QNST
QNST
Operating Cash FlowLast quarter
$60.6M
$21.6M
Free Cash FlowOCF − Capex
$36.0M
$20.7M
FCF MarginFCF / Revenue
6.6%
7.2%
Capex IntensityCapex / Revenue
4.6%
0.3%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$91.8M
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICUI
ICUI
QNST
QNST
Q4 25
$60.6M
$21.6M
Q3 25
$56.7M
$19.6M
Q2 25
$11.2M
Q1 25
$51.3M
$30.1M
Q4 24
$40.2M
$38.7M
Q3 24
$36.1M
$-13.7M
Q2 24
$82.0M
$16.6M
Q1 24
$45.8M
$4.1M
Free Cash Flow
ICUI
ICUI
QNST
QNST
Q4 25
$36.0M
$20.7M
Q3 25
$27.6M
$18.4M
Q2 25
$-8.5M
Q1 25
$36.7M
$29.5M
Q4 24
$16.1M
$38.2M
Q3 24
$16.2M
$-14.1M
Q2 24
$62.5M
$15.4M
Q1 24
$29.9M
$2.9M
FCF Margin
ICUI
ICUI
QNST
QNST
Q4 25
6.6%
7.2%
Q3 25
5.1%
6.4%
Q2 25
-1.5%
Q1 25
6.1%
10.9%
Q4 24
2.6%
13.5%
Q3 24
2.7%
-5.1%
Q2 24
10.5%
7.8%
Q1 24
5.3%
1.7%
Capex Intensity
ICUI
ICUI
QNST
QNST
Q4 25
4.6%
0.3%
Q3 25
5.4%
0.4%
Q2 25
3.6%
Q1 25
2.4%
0.2%
Q4 24
3.8%
0.2%
Q3 24
3.4%
0.2%
Q2 24
3.3%
0.6%
Q1 24
2.8%
0.7%
Cash Conversion
ICUI
ICUI
QNST
QNST
Q4 25
0.43×
Q3 25
4.32×
Q2 25
0.32×
Q1 25
6.82×
Q4 24
Q3 24
Q2 24
Q1 24

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%

QNST
QNST

Financial Service$216.8M75%
Home Services And Other Revenue$71.0M25%

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