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STESTERIS plc
$252.30$24.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
STE logo

STERIS plc

STE
NYSE · Medical Supplies & Consumables
$252.30
At close - Nov 6, 4:00 PM EST - USD
Market Cap$24.59B
P/E29.8x
52W High$269.44
Volume1.33M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q1

Margin Expansion and Deleveraging Drive Re-rating

STERIS is executing a disciplined operational playbook, evidenced by gross margin expansion from 40.2% in 2024Q4 to 45.8% in 2027Q1 and a dramatic reduction in leverage (D/E from 0.54 to 0.03).

GrowthAccelerating
ProfitabilityStrong
ValuationReview
TechnicalsNeutral
Explore valuation models
MARKET ACTION

STE price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-16% Peers

P/E is 16% below peer median

03

Market leadership

RS 81 · Leader

High momentum (Outperforming 81% of market)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Feb 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has accelerated to 7.3% in 2027Q1 with gross margin expanding 560 bps to 45.8%, while operating margin reached 19.1%.

Analyst Consensus+7.5% target
Buy(14 analysts)
12 Buy2 Hold0 Sell

The Bull Case

Upside Catalysts

Strong price target upside

STERIS plc has a 12-month price target of $275.20, representing a 36.3% upside, with a 2030 base case projection of $967.87 based on analyst consensus.

Wide moat advantage

STERIS plc is recognized for its wide moat, indicating strong competitive advantages and barriers to entry in the healthcare and medical devices sector.

Institutional ownership confidence

Top institutional holders like The Vanguard Group (12.07%) demonstrate strong confidence in STERIS plc's long-term growth potential.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
STE+1.68%
S&P 500 (^GSPC)+7.63%
1-Year Return
STE-1.99%
S&P 500 (^GSPC)+9.69%
3-Year Return
STE+19.24%
S&P 500 (^GSPC)+67.71%
5-Year Return
STE+14.36%
S&P 500 (^GSPC)+55.79%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
29.8x
Forward P/EExpansion
24.7x
EV/EBITDA40th %ile
17.0x
FCF YieldCash Flow
3.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
29.8x
59.0x
20th· Low
EV/EBITDA
17.0x
18.2x
40th· Fair
Price/FCF
26.2x
36.4x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$180.67-28.4%
Base (Fair)$304.81+20.8%
Bull$490.74+94.5%
$180.67 Bear$304.81 Base$490.74 Bull
Current Market Price: $252.30
Trades at a 17.2% discount to Base DCF ($304.81)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$5.94B+8.7% YoY
Net income FY26
$785M+27.7% YoY
Free cash flow FY26
$972M+25.0% YoY
Operating margin FY26
18.6%+2.7 pts YoY
ROIC (FY26)9.4%
Avg ROIC 5Y6.9%
ROE (TTM)11.5%
Piotroski Score9 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 4, 2026
$2.94+9.7%
vs $2.68
$1.6B+2.4%
vs $1.6B
Q3 2026
Aug 5, 2026
$2.59+4.0%
vs $2.49
$1.5B+0.3%
vs $1.5B
Q2 2026
May 11, 2026
$2.83-0.7%
vs $2.85
$1.6B-0.4%
vs $1.6B
Q1 2026
Feb 4, 2026
$2.53+0.0%
vs $2.53
$1.5B+1.0%
vs $1.5B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·2d ago
STERIS plc (STE) Q2 2027 Earnings Call Transcript

STERIS plc ( STE ) Q2 2027 Earnings Call November 5, 2026 9:00 AM EST Company Participants Julie Winter - Vice President of Investor Relations & Corporate Communications Karen Burton - Senior VP, CFO & Chief Accounting Officer Daniel Carestio - President, CEO & Director Conference Call Participants Brett Fishbin - KeyBanc Capital Markets Inc., Research Division Patrick Andrew Wood - UBS Investment Bank, Research Division Steven Etoch - Stephens Inc., Research Division Michael Polark - Wolfe Research, LLC Michael Matson - Needham & Company, LLC, Research Division Jason Bednar - Piper Sandler & Co., Research Division Presentation Operator Good day, and welcome to the STERIS plc Second Quarter 2027 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

Zacks Investment Research·3d ago
STE Stock Up on Q2 Earnings & Revenue Beat, '27 EPS View Up

STERIS beats Q2 fiscal 2027 earnings and revenue estimates, fueled by strong segment growth and margin gains, and raises its full-year adjusted EPS outlook.

Zacks Investment Research·3d ago
Compared to Estimates, Steris (STE) Q2 Earnings: A Look at Key Metrics

Although the revenue and EPS for Steris (STE) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research·3d ago
Steris (STE) Q2 Earnings and Revenues Surpass Estimates

Steris (STE) came out with quarterly earnings of $2.94 per share, beating the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $2.47 per share a year ago.

Filtered for STERIS plcMore Headlines
04

Compare before deciding

Benchmark STE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for STERIS plc (STE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
STE logoSTESTERIS plcCurrent
$252.30$24.59B29.788.73%13.41%11.46%0.97%
WAT logoWATWaters Corporation
$457.60$34.22B459.626.99%1.75%0.81%—
MMSI logoMMSIMerit Medical Systems, Inc.
$87.23$5.2B32.8911.66%9.94%9.65%—
HSIC logoHSICHenry Schein, Inc.
$86.05$9.8B23.004.03%3.07%8.83%—
IART logoIARTIntegra LifeSciences Holdings Corporation
$13.42$1.04B81.041.53%0.79%1.24%—
CNMD logoCNMDCONMED Corporation
$51.50$1.54B21.135.16%5.36%7.07%1.54%

Compare STE vs Peers

STERIS plc (STE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WAT

Most directly comparable listed peer for STE.

Scale Benchmark

vs TMO

Larger-name benchmark to compare STE against a more recognizable public peer.

Peer Set

Compare Top 5

vs WAT, MMSI, HSIC, IART

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

STE SEC Filings & Documents

STERIS plc (STE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Aug 5, 2026·SEC

Material company update

May 11, 2026·SEC

10-K Annual Reports

3
FY 2026

May 29, 2026·SEC

FY 2025

May 29, 2025·SEC

FY 2024

May 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

Feb 6, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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STE Frequently Asked Questions

STERIS plc (STE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is STERIS plc's revenue?

STERIS plc (STE) reported $6.17B in revenue over the trailing twelve months. Revenue was $5.94B in fiscal year 2026. That is 910% more than the $587.9M of fiscal year 1997.

How fast is STERIS plc growing?

STERIS plc (STE) grew revenue by 8.1% over the trailing twelve months, compared with the twelve months before.

Is STE profitable?

Yes. STERIS plc (STE) earned $826.9M in net income over the trailing twelve months (a 13.4% net margin).

Dividend & Returns
Does STE pay dividends?

Yes. STERIS plc (STE) pays a dividend that yields 0.97% at the current price, a small yield.

What is STE's return on equity?

STERIS plc (STE) had a return on equity (ROE) of 11.5% over the trailing twelve months. That is in line with the market's typical 10-15%.

What is STERIS plc's free cash flow?

STERIS plc (STE) generated $937.0M in free cash flow over the trailing twelve months.

What if you invested $1,000 in STE back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →