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Globus Medical vs ICU Medical: GMED and ICUI compared
Globus Medical is the larger company: $764M of revenue in its latest quarter (Q3 2026) against $560M for ICU Medical (Q3 2026). ICU Medical is growing faster (+4% against -0.7% a year earlier). Globus Medical is more profitable, with an operating margin of 23.2% against 9.3%.
Where the money goes: GMED and ICUI
Globus Medical (GMED) · Q3 2026
Globus Medical, Q3 2026: revenue $764M (-0.7% year over year), operating margin 23.2%, net earnings $141M, operating cash flow $265M. The chart follows the revenue to costs, profit and cash.
ICU Medical (ICUI) · Q3 2026
ICU Medical, Q3 2026: revenue $560M (+4% year over year), operating margin 9.3%, net earnings $26.8M, operating cash flow $99.6M. The chart follows the revenue to costs, profit and cash.
| Globus Medical (GMED) | ICU Medical (ICUI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $764M | $560M |
| Revenue growth, Y/Y | -0.7% | +4% |
| Gross margin | — | 41.9% |
| Operating margin | 23.2% | 9.3% |
| Net earnings | $141M | $26.8M |
| Net margin | 18.5% | 4.8% |
| Operating cash flow | $265M | $99.6M |
| Free cash flow | $225M | $83.4M |
| Market value | $9.7B | $4.3B |
| P/E | 17.3× | — |
| Analysts’ mean target | $96.54 | $193.38 |
Where the revenue comes from
Globus Medical
- Musculoskeletal Solutions: $729M (95%)
- Enabling Technologies: $34.9M (5%)
ICU Medical
- Infusion Consumables: $298M (53%)
- Infusion Systems: $193M (34%)
- Vital Care: $69.5M (12%)
Questions
Which is bigger, Globus Medical or ICU Medical?
Globus Medical is the larger company: $764M of revenue in its latest quarter (Q3 2026) against $560M for ICU Medical (Q3 2026).
Is Globus Medical or ICU Medical growing faster?
ICU Medical is growing faster (+4% against -0.7% a year earlier).
Which is more profitable, Globus Medical or ICU Medical?
Globus Medical is more profitable, with an operating margin of 23.2% against 9.3%.
More: Globus Medical earnings · how Globus Medical makes money · ICU Medical earnings · how ICU Medical makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.