STERIS plc

STE Healthcare Medical Devices

STERIS plc’s revenue for fiscal 2026 (year ended March 2026) was $5.9 billion, up 8.73% from fiscal 2025.

Revenue
+8.79%
EPS
+12.8%
Free cash flow
+43.6%
Total debt
−0.21%

Quarter to September 2026, against a year earlier

253.03 1.09 −0.43%
Market cap
$24.8B
P/E
30.0×
Fwd P/E
25.1×
Dividend yield
1.02%
F-score
9/9
Altman Z
5.10
Beneish M
−2.68
Dividend safety
86/100

STERIS plc (STE) Operating margin

Alert me on Operating margin

STERIS plc's operating margin over the twelve months to 30 September 2026 was 19.0%, up 0.4 percentage points from fiscal 2026 (18.6%). Over the past ten years it has ranged from 8.66% (fiscal 2017) to 18.6% (fiscal 2026) — the current reading is the highest in ten years. That is above the Medical Devices industry median of −15.1% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 18.6% 2.69
FY2025 15.9% (0.40)
FY2024 16.3% (1.17)
FY2023 17.4% 6.13
FY2022 11.3% (6.34)
FY2021 17.7% (0.07)
FY2020 17.7% 2.95
FY2019 14.8% (0.49)
FY2018 15.3% 6.60
FY2017 8.66% (0.85)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 18.5% (0.62)
Jun 2026 19.2% (0.79)
Mar 2026 19.9% 1.67
Dec 2025 18.3% 0.07
43 more quarters

Against its own ten years

Low 8.66% High 18.6%
Ten-year median 15.6%
Current reading's percentile 95

Operating margin against peers

Company Operating margin
DXCM DexCom, Inc. compare 24.0%
GMED Globus Medical, Inc. compare 21.7%
STE STERIS plc 19.0%
ZBH Zimmer Biomet Holdings, Inc. compare 13.6%
GEHC GE HealthCare Technologies Inc. compare 13.3%
PEN Penumbra, Inc. compare 12.1%
PHG Koninklijke Philips N.V. compare 8.68%
SNN Smith & Nephew SNATS, Inc. compare 0.00%
GKOS Glaukos Corporation compare −25.5%
Medical Devices industry median −15.1%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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