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

Vontier Corp is the larger business by last-quarter revenue ($808.5M vs $540.7M, roughly 1.5× ICU MEDICAL INC). Vontier Corp runs the higher net margin — 15.3% vs -2.9%, a 18.2% gap on every dollar of revenue. On growth, Vontier Corp posted the faster year-over-year revenue change (4.1% vs -14.1%). Vontier Corp produced more free cash flow last quarter ($174.8M vs $36.0M). Over the past eight quarters, Vontier Corp's revenue compounded faster (3.4% 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...

Vontier Corporation is an industrial manufacturing company headquartered in Raleigh, North Carolina. It owns the brands Gilbarco Veeder-Root, Matco Tools and Teletrac Navman, including subsidiaries Hennessy Industries, Gasboy, and Global Traffic Technologies (GTT).

ICUI vs VNT — Head-to-Head

Bigger by revenue
VNT
VNT
1.5× larger
VNT
$808.5M
$540.7M
ICUI
Growing faster (revenue YoY)
VNT
VNT
+18.2% gap
VNT
4.1%
-14.1%
ICUI
Higher net margin
VNT
VNT
18.2% more per $
VNT
15.3%
-2.9%
ICUI
More free cash flow
VNT
VNT
$138.8M more FCF
VNT
$174.8M
$36.0M
ICUI
Faster 2-yr revenue CAGR
VNT
VNT
Annualised
VNT
3.4%
-2.3%
ICUI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ICUI
ICUI
VNT
VNT
Revenue
$540.7M
$808.5M
Net Profit
$-15.7M
$123.5M
Gross Margin
37.5%
Operating Margin
1.0%
18.9%
Net Margin
-2.9%
15.3%
Revenue YoY
-14.1%
4.1%
Net Profit YoY
34.0%
0.0%
EPS (diluted)
$-0.63
$0.85

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
VNT
VNT
Q4 25
$540.7M
$808.5M
Q3 25
$537.0M
$752.5M
Q2 25
$548.9M
$773.5M
Q1 25
$604.7M
$741.1M
Q4 24
$629.8M
$776.8M
Q3 24
$589.1M
$750.0M
Q2 24
$596.5M
$696.4M
Q1 24
$566.7M
$755.8M
Net Profit
ICUI
ICUI
VNT
VNT
Q4 25
$-15.7M
$123.5M
Q3 25
$-3.4M
$102.8M
Q2 25
$35.3M
$91.9M
Q1 25
$-15.5M
$87.9M
Q4 24
$-23.8M
$123.5M
Q3 24
$-33.0M
$91.8M
Q2 24
$-21.4M
$70.1M
Q1 24
$-39.5M
$136.8M
Gross Margin
ICUI
ICUI
VNT
VNT
Q4 25
37.5%
Q3 25
37.4%
47.3%
Q2 25
37.9%
47.9%
Q1 25
34.7%
47.3%
Q4 24
36.1%
Q3 24
34.8%
47.2%
Q2 24
34.8%
48.2%
Q1 24
32.7%
49.2%
Operating Margin
ICUI
ICUI
VNT
VNT
Q4 25
1.0%
18.9%
Q3 25
2.6%
18.9%
Q2 25
1.9%
17.6%
Q1 25
2.1%
17.6%
Q4 24
6.0%
19.2%
Q3 24
1.4%
17.5%
Q2 24
1.3%
16.4%
Q1 24
-1.9%
18.8%
Net Margin
ICUI
ICUI
VNT
VNT
Q4 25
-2.9%
15.3%
Q3 25
-0.6%
13.7%
Q2 25
6.4%
11.9%
Q1 25
-2.6%
11.9%
Q4 24
-3.8%
15.9%
Q3 24
-5.6%
12.2%
Q2 24
-3.6%
10.1%
Q1 24
-7.0%
18.1%
EPS (diluted)
ICUI
ICUI
VNT
VNT
Q4 25
$-0.63
$0.85
Q3 25
$-0.14
$0.70
Q2 25
$1.43
$0.62
Q1 25
$-0.63
$0.59
Q4 24
$-0.97
$0.82
Q3 24
$-1.35
$0.60
Q2 24
$-0.88
$0.45
Q1 24
$-1.63
$0.88

Balance Sheet & Financial Strength

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

Metric
ICUI
ICUI
VNT
VNT
Cash + ST InvestmentsLiquidity on hand
$492.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$1.2B
Total Assets
$4.1B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICUI
ICUI
VNT
VNT
Q4 25
$492.2M
Q3 25
$433.8M
Q2 25
$364.2M
Q1 25
$333.6M
Q4 24
$308.6M
$356.4M
Q3 24
$312.5M
$330.9M
Q2 24
$302.6M
$331.3M
Q1 24
$251.4M
$406.0M
Stockholders' Equity
ICUI
ICUI
VNT
VNT
Q4 25
$2.1B
$1.2B
Q3 25
$2.1B
$1.2B
Q2 25
$2.1B
$1.2B
Q1 25
$2.0B
$1.1B
Q4 24
$2.0B
$1.1B
Q3 24
$2.0B
$1.0B
Q2 24
$2.0B
$1.0B
Q1 24
$2.1B
$984.9M
Total Assets
ICUI
ICUI
VNT
VNT
Q4 25
$4.1B
$4.4B
Q3 25
$4.1B
$4.4B
Q2 25
$4.1B
$4.4B
Q1 25
$4.2B
$4.3B
Q4 24
$4.2B
$4.3B
Q3 24
$4.3B
$4.3B
Q2 24
$4.3B
$4.2B
Q1 24
$4.3B
$4.3B

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
VNT
VNT
Operating Cash FlowLast quarter
$60.6M
$190.1M
Free Cash FlowOCF − Capex
$36.0M
$174.8M
FCF MarginFCF / Revenue
6.6%
21.6%
Capex IntensityCapex / Revenue
4.6%
1.9%
Cash ConversionOCF / Net Profit
1.54×
TTM Free Cash FlowTrailing 4 quarters
$91.8M
$441.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICUI
ICUI
VNT
VNT
Q4 25
$60.6M
$190.1M
Q3 25
$56.7M
$110.5M
Q2 25
$11.2M
$100.0M
Q1 25
$51.3M
$110.4M
Q4 24
$40.2M
$168.1M
Q3 24
$36.1M
$121.8M
Q2 24
$82.0M
$46.1M
Q1 24
$45.8M
$91.5M
Free Cash Flow
ICUI
ICUI
VNT
VNT
Q4 25
$36.0M
$174.8M
Q3 25
$27.6M
$90.3M
Q2 25
$-8.5M
$83.3M
Q1 25
$36.7M
$92.7M
Q4 24
$16.1M
$148.0M
Q3 24
$16.2M
$103.2M
Q2 24
$62.5M
$22.3M
Q1 24
$29.9M
$71.3M
FCF Margin
ICUI
ICUI
VNT
VNT
Q4 25
6.6%
21.6%
Q3 25
5.1%
12.0%
Q2 25
-1.5%
10.8%
Q1 25
6.1%
12.5%
Q4 24
2.6%
19.1%
Q3 24
2.7%
13.8%
Q2 24
10.5%
3.2%
Q1 24
5.3%
9.4%
Capex Intensity
ICUI
ICUI
VNT
VNT
Q4 25
4.6%
1.9%
Q3 25
5.4%
2.7%
Q2 25
3.6%
2.2%
Q1 25
2.4%
2.4%
Q4 24
3.8%
2.6%
Q3 24
3.4%
2.5%
Q2 24
3.3%
3.4%
Q1 24
2.8%
2.7%
Cash Conversion
ICUI
ICUI
VNT
VNT
Q4 25
1.54×
Q3 25
1.07×
Q2 25
0.32×
1.09×
Q1 25
1.26×
Q4 24
1.36×
Q3 24
1.33×
Q2 24
0.66×
Q1 24
0.67×

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%

VNT
VNT

Environmental Fueling Solutions Segment$387.5M48%
Services$191.0M24%
Repair Solutions Segment$144.5M18%
Other$85.5M11%

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