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STERIS STE Operating margin

Operating margin at other companies

Ecolab logo
EcolabECL
17%-1.1pp
3M logo
3MMMM
19.1%-1.0pp
Stryker logo
StrykerSYK
19.7%+4.4pp
Boston Scientific logo
Boston ScientificBSX
18.4%+2.2pp
Fortive logo
FortiveFTV
17.6%-0.3pp
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
17.2%+0.8pp

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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Gross margin44.2%+0.2pp
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 operating margin?
STERIS (STE) reported operating margin of 18.6% in Q1 2026.
How has STERIS's operating margin changed year-over-year?
STERIS's operating margin increased by 16.9% year-over-year, from 15.9% to 18.6%.
What is the long-term trend for STERIS's operating margin?
Over 4 years (2022 to 2026), STERIS's operating margin has grown at a 11.0% compound annual growth rate (CAGR), from 45.8% to 69.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.