NYSE : STE
STERIS plc — Financial statements
Healthcare · Medical Devices · United States
Last price 227.12 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 22.14B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
STERIS plc (STE) reported revenue of 6.04B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 6.04B | 5.94B | 5.46B | 5.14B | 4.54B | 4.22B |
| Cost of Revenue | 3.36B | 3.31B | 3.04B | 2.90B | 2.56B | 2.34B |
| Gross Profit | 2.68B | 2.63B | 2.42B | 2.24B | 1.98B | 1.88B |
| Selling, General & Admin | 1.42B | 1.40B | 1.32B | 1.23B | 1.07B | 1.12B |
| Research & Development | 115.10M | 112.90M | 107.60M | 103.70M | 98.48M | 86.66M |
| Operating Expenses | 1.53B | 1.51B | 1.43B | 1.33B | 1.17B | 1.20B |
| Operating Income | 1.15B | 1.11B | 988.20M | 905.90M | 811.97M | 679.77M |
| Interest Expense | -60.60M | -60.70M | -86.30M | -144.40M | -107.96M | -89.49M |
| Interest & Investment Income | 11.00M | 9.80M | 8.40M | 11.00M | 6.28M | |
| Other Non Operating Income (Expenses) | -3.50M | -3.80M | -800.00K | -2.88M | ||
| EBT Excluding Unusual Items | 1.10B | 1.06B | 909.50M | 772.50M | 701.14M | 596.56M |
| Merger & Restructuring Charges | -7.80M | -9.60M | -73.40M | -69.80M | -23.97M | -201.95M |
| Gain (Loss) on Sale of Investments | 300.00K | 200.00K | 900.00K | |||
| Gain (Loss) on Sale of Assets | 7.40M | |||||
| Legal Settlements | -48.20M | |||||
| Other Unusual Items | 3.10M | -27.81M | ||||
| Pretax Income | 1.09B | 1.05B | 796.20M | 702.70M | 680.27M | 366.80M |
| Income Tax Expense | 280.80M | 262.20M | 184.70M | 149.50M | 124.07M | 82.34M |
| Earnings From Continuing Operations | 808.10M | 785.10M | 611.50M | 553.20M | 556.20M | 284.46M |
| Earnings From Discontinued Operations | 4.50M | -173.20M | -450.38M | -41.59M | ||
| Net Income to Company | 808.10M | 785.10M | 616.00M | 380.00M | 105.81M | 242.87M |
| Minority Interest in Earnings | -3.10M | -2.80M | -1.40M | -1.80M | 1.22M | 1.02M |
| Net Income | 805.00M | 782.30M | 614.60M | 378.20M | 107.03M | 243.89M |
| Net Income to Common | 805.00M | 782.30M | 614.60M | 378.20M | 107.03M | 243.89M |
| Shares Outstanding (Basic) | 98.00M | 98.20M | 98.60M | 98.80M | 99.71M | 97.53M |
| Shares Outstanding (Diluted) | 98.47M | 98.70M | 99.10M | 99.40M | 100.25M | 98.33M |
| EPS (Basic) | 8.21 | 7.97 | 6.23 | 3.83 | 1.07 | 2.50 |
| EPS (Diluted) | 8.18 | 7.93 | 6.21 | 3.81 | 1.07 | 2.48 |
| Free Cash Flow | 925.60M | 972.40M | 778.00M | 613.00M | 394.98M | 397.25M |
| Free Cash Flow Per Share | 9.40 | 9.85 | 7.85 | 6.17 | 3.94 | 4.04 |
| Dividend Per Share | 2.52 | 2.46 | 2.23 | 2.03 | 1.84 | 1.69 |
| Gross Margin | 44.42% | 44.24% | 44.31% | 43.52% | 43.66% | 44.59% |
| Operating Margin | 19.04% | 18.72% | 18.10% | 17.63% | 17.90% | 16.10% |
| Profit Margin | 13.33% | 13.18% | 11.26% | 7.36% | 2.36% | 5.78% |
| Free Cash Flow Margin | 15.33% | 16.38% | 14.25% | 11.93% | 8.71% | 9.41% |
| EBITDA | 1.64B | 1.60B | 1.46B | 1.33B | 1.23B | 1.11B |
| EBITDA Margin | 27.17% | 26.92% | 26.74% | 25.89% | 27.21% | 26.33% |
| D&A For EBITDA | 491.00M | 486.50M | 471.50M | 424.60M | 422.53M | 432.15M |
| EBIT | 1.15B | 1.11B | 988.20M | 905.90M | 811.97M | 679.77M |
| EBIT Margin | 19.04% | 18.72% | 18.10% | 17.63% | 17.90% | 16.10% |
| Effective Tax Rate | 25.79% | 25.04% | 23.20% | 21.27% | 18.24% | 22.45% |
| Revenue as Reported | 6.04B | 5.94B | 5.46B | 5.14B | 4.54B | 4.22B |
| Advertising Expenses | 20.30M | 19.90M | 25.50M | 21.67M | 15.60M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 482.30M | 439.60M | 171.70M | 207.02M | 208.36M | 348.32M |
| Cash & Short-Term Investments | 482.30M | 439.60M | 171.70M | 207.02M | 208.36M | 348.32M |
| Receivables | 1.01B | 1.09B | 1.04B | 1.01B | 864.99M | 799.04M |
| Inventory | 712.10M | 631.80M | 581.30M | 674.53M | 604.41M | 575.00M |
| Prepaid Expenses | 236.90M | 230.20M | 203.70M | 174.14M | 175.73M | 153.86M |
| Other Current Assets | 1.30M | 200.00K | 100.00K | 805.11M | 157.96M | 2.78M |
| Total Current Assets | 2.45B | 2.39B | 2.00B | 2.87B | 2.01B | 1.88B |
| Property, Plant & Equipment | 2.32B | 2.32B | 2.11B | 1.94B | 1.80B | 1.74B |
| Long-Term Investments | 50.50M | 45.50M | 14.30M | |||
| Goodwill | 4.19B | 4.19B | 4.10B | 4.07B | 3.88B | 4.40B |
| Other Intangible Assets | 1.56B | 1.62B | 1.85B | 2.12B | 2.08B | 3.33B |
| Other Long-Term Assets | 164.60M | 165.90M | 68.70M | 66.20M | 1.06B | 70.66M |
| Total Assets | 10.74B | 10.74B | 10.15B | 11.06B | 10.82B | 11.42B |
| Accounts Payable | 344.10M | 338.80M | 280.80M | 251.72M | 264.17M | 225.74M |
| Accrued Expenses | 218.30M | 274.30M | 247.70M | 222.52M | 244.80M | 234.43M |
| Current Portion of Long-Term Debt | 243.40M | 118.90M | 125.00M | 85.94M | 60.00M | 142.88M |
| Current Portion of Leases | 35.60M | 35.80M | 34.20M | 31.24M | 30.07M | 36.47M |
| Current Income Taxes Payable | 86.50M | 28.60M | 21.50M | 13.64M | 40.48M | 26.87M |
| Current Unearned Revenue | 203.60M | 196.60M | 165.20M | 163.05M | 157.76M | 162.16M |
| Other Current Liabilities | 151.80M | 152.00M | 147.80M | 163.02M | 64.58M | 93.68M |
| Total Current Liabilities | 1.28B | 1.15B | 1.02B | 931.13M | 861.84M | 922.22M |
| Long-Term Debt | 1.65B | 1.81B | 1.92B | 3.12B | 3.02B | 2.95B |
| Long-Term Leases | 115.30M | 119.60M | 124.60M | 145.83M | 139.56M | 155.06M |
| Pension & Post-Retirement Benefits | 10.30M | 10.00M | 9.40M | 9.21M | 10.10M | 10.47M |
| Long-Term Deferred Tax Liabilities | 390.80M | 390.70M | 403.70M | 479.69M | 617.54M | 780.62M |
| Other Long-Term Liabilities | 65.00M | 61.90M | 52.40M | 62.34M | 86.97M | 65.11M |
| Total Liabilities | 3.51B | 3.54B | 3.53B | 4.75B | 4.73B | 4.88B |
| Common Stock | 4.18B | 4.28B | 4.42B | 4.54B | 4.49B | 4.74B |
| Retained Earnings | 3.15B | 3.02B | 2.48B | 2.09B | 1.91B | 2.00B |
| Comprehensive Income & Other | -127.30M | -113.20M | -292.30M | -328.66M | -320.71M | -209.81M |
| Total Common Equity | 7.21B | 7.18B | 6.60B | 6.30B | 6.08B | 6.53B |
| Minority Interest | 14.50M | 13.60M | 12.40M | 13.18M | 9.97M | 12.28M |
| Shareholders' Equity | 7.22B | 7.20B | 6.62B | 6.32B | 6.09B | 6.54B |
| Total Liabilities & Equity | 10.74B | 10.74B | 10.15B | 11.06B | 10.82B | 11.42B |
| Total Debt | 2.04B | 2.09B | 2.20B | 3.38B | 3.25B | 3.28B |
| Net Cash (Debt) | -1.56B | -1.65B | -2.03B | -3.18B | -3.04B | -2.93B |
| Net Cash Per Share | -15.86 | -16.69 | -20.49 | -31.95 | -30.32 | -29.81 |
| Filing Date Shares Outstanding | 97.50M | 97.60M | 98.37M | 98.90M | 98.65M | 100.08M |
| Total Common Shares Outstanding | 97.50M | 97.80M | 98.30M | 98.88M | 98.63M | 100.07M |
| Working Capital | 1.16B | 1.25B | 978.60M | 1.94B | 1.15B | 956.77M |
| Book Value Per Share | 73.91 | 73.45 | 67.18 | 63.73 | 61.62 | 65.28 |
| Tangible Book Value | 1.45B | 1.37B | 653.30M | 112.17M | 121.28M | -1.20B |
| Tangible Book Value Per Share | 14.91 | 14.00 | 6.65 | 1.13 | 1.23 | -12.00 |
| Land | 112.50M | 112.30M | 106.10M | 90.13M | 77.76M | 84.02M |
| Buildings | 955.70M | 903.60M | 832.10M | 724.49M | 658.11M | 654.85M |
| Machinery | 2.65B | 2.58B | 2.24B | 2.02B | 1.84B | 1.72B |
| Construction In Progress | 455.10M | 509.50M | 512.10M | 500.11M | 472.21M | 356.01M |
| Order Backlog | 490.70M | 452.90M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 805.00M | 782.30M | 614.60M | 378.20M | 107.03M | 243.89M |
| Depreciation & Amortization | 491.00M | 486.50M | 471.50M | 424.60M | 422.53M | 432.15M |
| Loss (Gain) From Sale of Assets | 3.30M | 3.30M | 12.10M | 231.70M | 22.13M | 14.24M |
| Asset Writedown & Restructuring Costs | -100.00K | 4.70M | 25.40M | 490.56M | ||
| Stock-Based Compensation | 62.60M | 61.70M | 57.40M | 56.50M | 38.95M | 57.66M |
| Other Operating Activities | -22.00M | -19.50M | -78.70M | -112.10M | -204.60M | -34.81M |
| Change in Accounts Receivable | -54.30M | -25.10M | -28.80M | -128.10M | -133.30M | -51.97M |
| Change in Inventory | -54.80M | -24.00M | 73.10M | -37.50M | -123.92M | -102.92M |
| Change in Accounts Payable | 45.60M | 51.10M | 33.60M | -19.00M | 53.34M | 14.89M |
| Change in Other Net Operating Assets | 12.20M | 25.10M | -11.40M | 38.40M | -46.14M | -9.27M |
| Operating Cash Flow | 1.29B | 1.34B | 1.15B | 973.30M | 756.95M | 684.81M |
| Capital Expenditures | -362.90M | -369.00M | -370.10M | -360.30M | -361.97M | -287.56M |
| Sale of Property, Plant & Equipment | 10.40M | 10.50M | 9.20M | 7.40M | 14.59M | 1.74M |
| Cash Acquisitions | -21.10M | -20.10M | -54.10M | -546.30M | -42.57M | -550.45M |
| Divestitures | 814.60M | 9.50M | 6.62M | 169.71M | ||
| Investment in Securities | -139.00M | -134.00M | -10.80M | 2.40M | ||
| Other Investing Activities | 100.00K | 100.00K | -100.00K | |||
| Investing Cash Flow | -512.50M | -512.50M | 388.80M | -887.40M | -383.33M | -666.56M |
| Long-Term Debt Issued | 3.00M | 181.50M | 241.66M | 2.00B | ||
| Long-Term Debt Repaid | -125.00M | -1.16B | -60.00M | -247.88M | -1.63B | |
| Net Debt Issued (Repaid) | -4.30M | -122.00M | -1.16B | 121.50M | -6.22M | 372.18M |
| Issuance of Common Stock | 24.90M | 32.90M | 25.50M | 10.50M | 1.83M | 10.07M |
| Repurchase of Common Stock | -340.40M | -235.50M | -211.30M | -11.80M | -308.56M | -55.78M |
| Common Dividends Paid | -247.00M | -241.80M | -219.90M | -200.60M | -183.50M | -163.17M |
| Other Financing Activities | -1.80M | -1.80M | -2.30M | -4.80M | -2.27M | -47.48M |
| Financing Cash Flow | -568.60M | -568.20M | -1.57B | -85.20M | -498.72M | 115.83M |
| Foreign Exchange Rate Adjustments | -4.70M | 7.20M | 200.00K | -2.10M | -14.86M | -6.29M |
| Net Cash Flow | 202.60M | 267.90M | -35.30M | -1.40M | -139.96M | 127.79M |
| Free Cash Flow | 925.60M | 972.40M | 778.00M | 613.00M | 394.98M | 397.25M |
| Free Cash Flow Margin | 15.33% | 16.38% | 14.25% | 11.93% | 8.71% | 9.41% |
| Free Cash Flow Per Share | 9.40 | 9.85 | 7.85 | 6.17 | 3.94 | 4.04 |
| Levered Free Cash Flow | 798.86M | 837.29M | 1.60B | -220.11M | 296.02M | 219.44M |
| Unlevered Free Cash Flow | 836.74M | 875.23M | 1.66B | -129.86M | 363.49M | 275.37M |
| Cash Interest Paid | 64.70M | 64.70M | 89.40M | 142.20M | 108.47M | 84.70M |
| Cash Income Tax Paid | 289.00M | 289.00M | 264.10M | 252.10M | 252.35M | 133.78M |
| Change in Working Capital | -51.30M | 27.10M | 66.50M | -146.20M | -250.02M | -149.28M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.47B | 21.69B | 22.27B | 22.22B | 18.99B | 24.21B |
| Enterprise Value | 24.03B | 23.33B | 24.45B | 25.54B | 21.99B | 27.36B |
| Last Close Price | 227.12 | 219.80 | 223.06 | 219.08 | 184.66 | 231.16 |
| PE Ratio | 28.18 | 27.72 | 36.23 | 58.74 | 177.44 | 99.26 |
| Forward PE | 20.10 | 20.44 | 23.12 | 24.04 | 22.48 | 28.79 |
| PS Ratio | 3.67 | 3.65 | 4.08 | 4.32 | 4.19 | 5.73 |
| PB Ratio | 3.07 | 3.01 | 3.37 | 3.52 | 3.12 | 3.70 |
| P/TBV Ratio | 15.23 | 15.84 | 34.09 | 198.05 | 156.59 | |
| P/FCF Ratio | 23.92 | 22.30 | 28.62 | 36.24 | 48.08 | 60.94 |
| P/OCF Ratio | 17.19 | 16.17 | 19.40 | 22.82 | 25.09 | 35.35 |
| PEG Ratio | 2.09 | 2.09 | 2.09 | 2.09 | 1.94 | |
| EV/Sales Ratio | 3.93 | 3.93 | 4.48 | 4.97 | 4.85 | 6.48 |
| EV/EBITDA Ratio | 14.45 | 14.60 | 16.75 | 19.20 | 17.82 | 24.61 |
| EV/EBIT Ratio | 20.62 | 20.99 | 24.74 | 28.20 | 27.09 | 40.25 |
| EV/FCF Ratio | 25.61 | 23.99 | 31.42 | 41.67 | 55.69 | 68.87 |
| Debt / Equity Ratio | 0.28 | 0.29 | 0.33 | 0.54 | 0.53 | 0.50 |
| Debt / EBITDA Ratio | 1.19 | 1.25 | 1.44 | 2.42 | 2.51 | 2.82 |
| Debt / FCF Ratio | 2.21 | 2.15 | 2.83 | 5.52 | 8.22 | 8.26 |
| Net Debt / Equity Ratio | 0.22 | 0.23 | 0.31 | 0.50 | 0.50 | 0.45 |
| Net Debt / EBITDA Ratio | 0.95 | 1.03 | 1.39 | 2.39 | 2.46 | 2.64 |
| Net Debt / FCF Ratio | 1.69 | 1.69 | 2.61 | 5.18 | 7.70 | 7.38 |
| Asset Turnover | 0.57 | 0.57 | 0.52 | 0.47 | 0.41 | 0.47 |
| Inventory Turnover | 4.96 | 5.46 | 4.84 | 4.54 | 4.33 | 5.26 |
| Quick Ratio | 1.17 | 1.34 | 1.19 | 1.30 | 1.25 | 1.24 |
| Current Ratio | 1.91 | 2.09 | 1.96 | 3.08 | 2.33 | 2.04 |
| Return on Equity (ROE) | 11.39% | 11.37% | 9.46% | 8.92% | 8.81% | 5.45% |
| Return on Assets (ROA) | 6.80% | 6.65% | 5.82% | 5.17% | 4.56% | 4.72% |
| Return on Invested Capital (ROIC) | 9.68% | 9.53% | 8.37% | 7.66% | 7.14% | 7.05% |
| Return on Capital Employed (ROCE) | 12.20% | 11.60% | 10.80% | 8.90% | 8.20% | 6.50% |
| Earnings Yield | 3.55% | 3.61% | 2.76% | 1.70% | 0.56% | 1.01% |
| FCF Yield | 4.18% | 4.48% | 3.49% | 2.76% | 2.08% | 1.64% |
| Dividend Yield | 1.20% | 1.11% | 0.98% | 0.90% | 0.96% | 0.70% |
| Payout Ratio | 33.74% | 30.91% | 35.78% | 53.04% | 171.44% | 66.90% |
| Buyback Yield / Dilution | 0.48% | 0.40% | 0.30% | 0.84% | -1.95% | -14.47% |
| Total Shareholder Return | 1.70% | 1.51% | 1.29% | 1.75% | -1.00% | -13.77% |