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STERIS STE Gross margin

Gross margin at other companies

Ecolab logo
EcolabECL
44.3%+0.6pp
3M logo
3MMMM
39.7%-1.4pp
Stryker logo
StrykerSYK
63.8%-0.1pp
Boston Scientific logo
Boston ScientificBSX
69.2%+0.5pp
Fortive logo
FortiveFTV
57.3%-0.7pp
IDEX logo
IDEXIEX
44.4%0.0pp

Other financials

Income statement

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Revenue$1.6B+7.3%
Gross profit$697.2M+8.8%
Operating income$316.8M+46.6%
Net income$220.2M+51.2%
EPS (diluted)$2.24+52.4%

Balance sheet

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Cash & equivalents$439.6M+156%
Total debt$2.1B-10.3%
Total equity$7.2B+8.8%
Total assets$10.7B+5.8%

Cash flow

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Operating cash flow$335.4M+28.6%
CapEx$90.2M+27.2%
Free cash flow$245.2M+29.1%

Valuation

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Market cap$19.43B-2.6%
Enterprise value$21.08B-4.5%
P/E24.8×-7.6×
P/S3.3×-0.4×

Profitability

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Operating margin18.6%+2.7pp
Net margin13.2%+1.9pp

Returns & leverage

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Return on equity11.3%+1.8pp
Debt / equity0.3×-0.1×
Current ratio2.1×+0.1×

Where this comes from

Calculated from STERIS’s reported figures.

Based on trailing twelve months.

The official record: STERIS’s 10-K, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is STERIS's gross margin?
STERIS (STE) reported gross margin of 44.2% in Q1 2026.
How has STERIS's gross margin changed year-over-year?
STERIS's gross margin increased by 0.5% year-over-year, from 44% to 44.2%.
What is the long-term trend for STERIS's gross margin?
Over 4 years (2022 to 2026), STERIS's gross margin has grown at a 0.6% compound annual growth rate (CAGR), from 172.8% to 176.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.