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

SiriusPoint Ltd is the larger business by last-quarter revenue ($973.7M vs $540.7M, roughly 1.8× ICU MEDICAL INC). SiriusPoint Ltd runs the higher net margin — 25.1% vs -2.9%, a 28.0% gap on every dollar of revenue. On growth, SiriusPoint Ltd posted the faster year-over-year revenue change (58.9% vs -14.1%). Over the past eight quarters, SiriusPoint Ltd's revenue compounded faster (19.2% 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...

SiriusPoint Ltd is a global specialty insurance and reinsurance provider based in Pembroke, Bermuda. It offers property, casualty, specialty line coverages and alternative capital solutions, serving commercial clients and risk carriers across North America, Europe, Asia Pacific and other key markets, focusing on rigorous underwriting and stable risk-adjusted returns.

ICUI vs SPNT — Head-to-Head

Bigger by revenue
SPNT
SPNT
1.8× larger
SPNT
$973.7M
$540.7M
ICUI
Growing faster (revenue YoY)
SPNT
SPNT
+73.0% gap
SPNT
58.9%
-14.1%
ICUI
Higher net margin
SPNT
SPNT
28.0% more per $
SPNT
25.1%
-2.9%
ICUI
Faster 2-yr revenue CAGR
SPNT
SPNT
Annualised
SPNT
19.2%
-2.3%
ICUI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ICUI
ICUI
SPNT
SPNT
Revenue
$540.7M
$973.7M
Net Profit
$-15.7M
$244.1M
Gross Margin
37.5%
Operating Margin
1.0%
28.8%
Net Margin
-2.9%
25.1%
Revenue YoY
-14.1%
58.9%
Net Profit YoY
34.0%
1535.9%
EPS (diluted)
$-0.63
$1.92

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
SPNT
SPNT
Q4 25
$540.7M
$973.7M
Q3 25
$537.0M
$755.9M
Q2 25
$548.9M
$748.2M
Q1 25
$604.7M
$727.3M
Q4 24
$629.8M
$612.8M
Q3 24
$589.1M
$562.2M
Q2 24
$596.5M
$743.3M
Q1 24
$566.7M
$685.5M
Net Profit
ICUI
ICUI
SPNT
SPNT
Q4 25
$-15.7M
$244.1M
Q3 25
$-3.4M
$90.8M
Q2 25
$35.3M
$63.2M
Q1 25
$-15.5M
$61.6M
Q4 24
$-23.8M
$-17.0M
Q3 24
$-33.0M
$8.5M
Q2 24
$-21.4M
$113.9M
Q1 24
$-39.5M
$94.8M
Gross Margin
ICUI
ICUI
SPNT
SPNT
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%
Operating Margin
ICUI
ICUI
SPNT
SPNT
Q4 25
1.0%
28.8%
Q3 25
2.6%
14.7%
Q2 25
1.9%
10.0%
Q1 25
2.1%
10.4%
Q4 24
6.0%
-2.1%
Q3 24
1.4%
2.0%
Q2 24
1.3%
17.4%
Q1 24
-1.9%
15.4%
Net Margin
ICUI
ICUI
SPNT
SPNT
Q4 25
-2.9%
25.1%
Q3 25
-0.6%
12.0%
Q2 25
6.4%
8.4%
Q1 25
-2.6%
8.5%
Q4 24
-3.8%
-2.8%
Q3 24
-5.6%
1.5%
Q2 24
-3.6%
15.3%
Q1 24
-7.0%
13.8%
EPS (diluted)
ICUI
ICUI
SPNT
SPNT
Q4 25
$-0.63
$1.92
Q3 25
$-0.14
$0.73
Q2 25
$1.43
$0.50
Q1 25
$-0.63
$0.49
Q4 24
$-0.97
$-0.05
Q3 24
$-1.35
$0.03
Q2 24
$-0.88
$0.57
Q1 24
$-1.63
$0.49

Balance Sheet & Financial Strength

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

Metric
ICUI
ICUI
SPNT
SPNT
Cash + ST InvestmentsLiquidity on hand
$731.2M
Total DebtLower is stronger
$688.6M
Stockholders' EquityBook value
$2.1B
$2.5B
Total Assets
$4.1B
$12.6B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICUI
ICUI
SPNT
SPNT
Q4 25
$731.2M
Q3 25
$582.4M
Q2 25
$732.4M
Q1 25
$740.3M
Q4 24
$308.6M
$682.0M
Q3 24
$312.5M
$640.7M
Q2 24
$302.6M
$598.1M
Q1 24
$251.4M
$867.5M
Total Debt
ICUI
ICUI
SPNT
SPNT
Q4 25
$688.6M
Q3 25
$682.5M
Q2 25
$678.4M
Q1 25
$663.5M
Q4 24
$639.1M
Q3 24
$660.5M
Q2 24
$648.6M
Q1 24
$770.6M
Stockholders' Equity
ICUI
ICUI
SPNT
SPNT
Q4 25
$2.1B
$2.5B
Q3 25
$2.1B
$2.2B
Q2 25
$2.1B
$2.1B
Q1 25
$2.0B
$2.0B
Q4 24
$2.0B
$1.9B
Q3 24
$2.0B
$2.7B
Q2 24
$2.0B
$2.7B
Q1 24
$2.1B
$2.6B
Total Assets
ICUI
ICUI
SPNT
SPNT
Q4 25
$4.1B
$12.6B
Q3 25
$4.1B
$12.5B
Q2 25
$4.1B
$12.4B
Q1 25
$4.2B
$12.3B
Q4 24
$4.2B
$12.5B
Q3 24
$4.3B
$12.7B
Q2 24
$4.3B
$12.8B
Q1 24
$4.3B
$13.1B
Debt / Equity
ICUI
ICUI
SPNT
SPNT
Q4 25
0.28×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.33×
Q4 24
0.33×
Q3 24
0.25×
Q2 24
0.24×
Q1 24
0.30×

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
SPNT
SPNT
Operating Cash FlowLast quarter
$60.6M
$-26.4M
Free Cash FlowOCF − Capex
$36.0M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
-0.11×
TTM Free Cash FlowTrailing 4 quarters
$91.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICUI
ICUI
SPNT
SPNT
Q4 25
$60.6M
$-26.4M
Q3 25
$56.7M
$155.6M
Q2 25
$11.2M
$62.1M
Q1 25
$51.3M
$-88.9M
Q4 24
$40.2M
$107.7M
Q3 24
$36.1M
$58.1M
Q2 24
$82.0M
$-149.9M
Q1 24
$45.8M
$58.8M
Free Cash Flow
ICUI
ICUI
SPNT
SPNT
Q4 25
$36.0M
Q3 25
$27.6M
Q2 25
$-8.5M
Q1 25
$36.7M
Q4 24
$16.1M
Q3 24
$16.2M
Q2 24
$62.5M
Q1 24
$29.9M
FCF Margin
ICUI
ICUI
SPNT
SPNT
Q4 25
6.6%
Q3 25
5.1%
Q2 25
-1.5%
Q1 25
6.1%
Q4 24
2.6%
Q3 24
2.7%
Q2 24
10.5%
Q1 24
5.3%
Capex Intensity
ICUI
ICUI
SPNT
SPNT
Q4 25
4.6%
Q3 25
5.4%
Q2 25
3.6%
Q1 25
2.4%
Q4 24
3.8%
Q3 24
3.4%
Q2 24
3.3%
Q1 24
2.8%
Cash Conversion
ICUI
ICUI
SPNT
SPNT
Q4 25
-0.11×
Q3 25
1.71×
Q2 25
0.32×
0.98×
Q1 25
-1.44×
Q4 24
Q3 24
6.84×
Q2 24
-1.32×
Q1 24
0.62×

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%

SPNT
SPNT

Segment breakdown not available.

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