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STERIS plc (STE) 10-Year Financial Performance & Capital Metrics

STE • • Industrial / General
HealthcareMedical DevicesDiagnostic & Imaging EquipmentMedical Imaging Systems
AboutSTERIS plc provides infection prevention and other procedural products and services worldwide. It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences, and Dental. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; accessories for gastrointestinal (GI) procedures, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights, and connectivity solutions, as well as equipment management services. It also provides capital equipment installation, maintenance, upgradation, repair, and troubleshooting services; preventive maintenance programs and repair services; instrument and endoscope repair and maintenance services; and custom process improvement consulting and outsourced instrument sterile processing services. The Applied Sterilization Technologies segment provides contract sterilization and testing services for medical device and pharmaceutical manufacturers through a network of approximately 50 contract sterilization and laboratory facilities. The Life Sciences segment designs, manufactures and sells consumable products, such as formulated cleaning chemistries, barrier and sterility assurance products, steam and vaporized hydrogen peroxide sterilizers, and washer disinfectors. This segment also offers equipment installation, maintenance, upgradation, repair, and troubleshooting services; and preventive maintenance programs and repair services. The Dental segment provides hand and powered dental instruments, infection control products, personal protective equipment, and water quality products for dental suite. The company serves its products and services to hospitals, other healthcare providers, and pharmaceutical manufacturers. The company was founded in 1985 and is based in Dublin, Ireland.Show more
  • Revenue $5.46B +6.2%
  • EBITDA $1.34B -4.2%
  • Net Income $615M +62.5%
  • EPS (Diluted) 6.20 +62.7%
  • Gross Margin 44.01% +2.0%
  • EBITDA Margin 24.6% -9.8%
  • Operating Margin 15.87% -2.4%
  • Net Margin 11.26% +53.0%
  • ROE 9.51% +55.9%
  • ROIC 7.17% +6.4%
  • Debt/Equity 0.33 -37.9%
  • Interest Coverage 10.05 +73.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓14 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 12.5%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.43%
5Y12.49%
3Y8.93%
TTM13.54%

Profit (Net Income) CAGR

10Y16.36%
5Y8.56%
3Y36.09%
TTM58.35%

EPS CAGR

10Y10.67%
5Y5.43%
3Y35.72%
TTM59.05%

ROCE

10Y Avg8.05%
5Y Avg8.18%
3Y Avg8.35%
Latest9%

Peer Comparison

Medical Imaging Systems
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
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Sector-Specific
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IRMDIRadimed Corporation1.29B101.5367.6911.71%26.31%21.54%1.36%0.00
BRKRBruker Corporation7.47B49.1464.6613.56%-0.61%-0.84%1.82%1.24
STESTERIS plc25.94B264.2542.626.24%12.07%9.8%3%0.33
FONRFONAR Corporation114.8M18.6115.131.43%7.08%4.62%6.49%0.24
PACBPacific Biosciences of California, Inc.712.5M2.36-2.21-23.19%-325.8%-13.95%1.33
HYPRHyperfine, Inc.101.82M1.24-2.2116.84%-378.17%-149.05%0.01
IRIXIRIDEX Corporation22.69M1.32-2.44-6.17%-10.04%-108.67%2.21
MASS908 Devices Inc.196.89M5.44-2.5718.72%-7.17%-3.03%0.06

Profit & Loss

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales/Revenue+2.24B2.61B2.62B2.78B3.03B3.11B4.22B4.54B5.14B5.46B
Revenue Growth %0.21%0.17%0%0.06%0.09%0.03%0.36%0.07%0.13%0.06%
Cost of Goods Sold+1.34B1.59B1.53B1.61B1.71B1.76B2.34B2.56B2.92B3.06B
COGS % of Revenue0.6%0.61%0.58%0.58%0.56%0.57%0.55%0.56%0.57%0.56%
Gross Profit+895.48M1.03B1.09B1.17B1.32B1.34B1.88B1.98B2.22B2.4B
Gross Margin %0.4%0.39%0.42%0.42%0.44%0.43%0.45%0.44%0.43%0.44%
Gross Profit Growth %0.16%0.15%0.06%0.08%0.12%0.02%0.4%0.05%0.12%0.08%
Operating Expenses+682.55M800.01M692.86M763.96M782.95M794.73M1.41B1.19B1.38B1.54B
OpEx % of Revenue0.3%0.31%0.26%0.27%0.26%0.26%0.33%0.26%0.27%0.28%
Selling, General & Admin626.71M682.04M631.98M669.94M716.73M731.32M1.32B1.09B1.25B1.33B
SG&A % of Revenue0.28%0.26%0.24%0.24%0.24%0.24%0.31%0.24%0.24%0.24%
Research & Development56.66M59.4M60.78M63.04M65.55M66.33M86.66M98.48M103.68M107.65M
R&D % of Revenue0.03%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Other Operating Expenses-820K58.57M103K30.99M673K-2.91M48K485K26.05M94.2M
Operating Income+212.93M226.21M399.88M411.02M537.05M548.37M477.81M791.1M836.12M866.64M
Operating Margin %0.1%0.09%0.15%0.15%0.18%0.18%0.11%0.17%0.16%0.16%
Operating Income Growth %-0.06%0.06%0.77%0.03%0.31%0.02%-0.13%0.66%0.06%0.04%
EBITDA+356.67M414.35M578.22M636.95M734.28M767.61M1.03B1.34B1.4B1.34B
EBITDA Margin %0.16%0.16%0.22%0.23%0.24%0.25%0.24%0.3%0.27%0.25%
EBITDA Growth %0.12%0.16%0.4%0.1%0.15%0.05%0.34%0.3%0.04%-0.04%
D&A (Non-Cash Add-back)143.74M188.14M178.33M225.92M197.24M219.24M553.1M552.9M565.24M476.21M
EBIT214.59M229.17M405.61M414.04M539.03M554.71M456.29M791.1M847.16M882.47M
Net Interest Income+-41.04M-41.56M-44.9M-41.99M-38.29M-30.84M-83.21M-110.83M-133.31M-77.86M
Interest Income1.67M2.96M5.73M3.02M1.99M6.34M6.28M011.04M8.4M
Interest Expense42.71M44.52M50.63M45.02M40.28M37.18M89.49M110.83M144.35M86.26M
Other Income/Expense-41.04M-41.56M-44.9M-41.99M-38.29M-30.84M-111.01M-110.83M-133.31M-70.43M
Pretax Income+171.88M184.65M354.98M369.03M498.75M517.53M366.8M680.27M702.81M796.21M
Pretax Margin %0.08%0.07%0.14%0.13%0.16%0.17%0.09%0.15%0.14%0.15%
Income Tax+60.3M74.02M63.36M64.28M90.89M120.66M82.34M124.07M149.53M184.65M
Effective Tax Rate %0.64%0.6%0.82%0.82%0.82%0.77%0.66%0.16%0.54%0.77%
Net Income+110.76M109.97M290.92M304.05M407.66M397.4M243.89M107.03M378.24M614.64M
Net Margin %0.05%0.04%0.11%0.11%0.13%0.13%0.06%0.02%0.07%0.11%
Net Income Growth %-0.18%-0.01%1.65%0.05%0.34%-0.03%-0.39%-0.56%2.53%0.63%
Net Income (Continuing)111.58M110.63M291.62M305.08M407.86M396.87M284.46M556.2M553.28M611.56M
Discontinued Operations000000-41.59M-450.38M-173.2M4.52M
Minority Interest15.86M11.43M11.34M7.99M12.85M10.48M12.28M9.97M13.18M12.35M
EPS (Diluted)+1.561.283.393.564.764.632.481.073.816.20
EPS Growth %-0.31%-0.18%1.65%0.05%0.34%-0.03%-0.46%-0.57%2.56%0.63%
EPS (Basic)1.571.293.423.594.814.662.501.073.836.24
Diluted Shares Outstanding71.18M86.09M85.71M85.47M85.64M85.9M98.33M100.25M99.36M99.07M
Basic Shares Outstanding70.7M85.47M85.03M84.58M84.78M85.2M97.53M99.71M98.79M98.58M
Dividend Payout Ratio0.59%0.85%0.35%0.37%0.3%0.34%0.67%1.71%0.53%0.36%

Balance Sheet

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Current Assets+972.52M1.02B989.66M1.05B1.22B1.21B1.88B2.01B2.87B2B
Cash & Short-Term Investments248.84M282.92M201.53M220.63M319.58M220.53M348.32M208.36M207.02M171.7M
Cash Only248.84M282.92M201.53M220.63M319.58M220.53M348.32M208.36M207.02M171.7M
Short-Term Investments0000000000
Accounts Receivable471.52M483.45M528.07M564.83M586.48M609.41M799.04M864.99M1.01B1.04B
Days Sales Outstanding76.8867.5473.5774.170.6371.5869.0669.671.6269.79
Inventory192.79M197.84M205.73M208.24M263.54M315.07M575M604.41M674.53M581.33M
Days Inventory Outstanding52.3945.5149.1747.2956.2265.1889.6786.3384.369.42
Other Current Assets0000000154.41M979.25M203.77M
Total Non-Current Assets+4.37B3.91B4.21B4.02B4.22B5.36B9.54B8.81B8.19B8.15B
Property, Plant & Equipment1.06B915.91M1.01B1.03B1.24B1.39B1.74B1.8B1.94B2.11B
Fixed Asset Turnover2.10x2.85x2.59x2.70x2.44x2.24x2.43x2.52x2.65x2.58x
Goodwill2.16B2.23B2.43B2.32B2.36B3.03B4.4B3.88B4.07B4.1B
Intangible Assets1.12B724.89M726.98M604.61M565.47M898.41M3.33B2.08B2.12B1.85B
Long-Term Investments00000000014.3M
Other Non-Current Assets29.63M34.55M39.39M60.21M51.58M52.72M70.66M1.06B66.2M68.75M
Total Assets+5.35B4.92B5.2B5.07B5.44B6.57B11.42B10.82B11.06B10.15B
Asset Turnover0.42x0.53x0.50x0.55x0.56x0.47x0.37x0.42x0.46x0.54x
Asset Growth %1.55%-0.08%0.06%-0.02%0.07%0.21%0.74%-0.05%0.02%-0.08%
Total Current Liabilities+400.61M381.58M398.46M465.2M503.61M577.92M922.22M861.84M931.13M1.02B
Accounts Payable139.57M133.48M135.87M152.91M149.34M156.95M225.74M264.17M251.72M280.77M
Days Payables Outstanding37.9230.7132.4734.7331.8632.4735.2137.7331.4633.53
Short-Term Debt000000142.88M60M85.94M125M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities172.49M139.46M207.6M219.01M243.94M271.39M323.65M331.69M418.35M447.01M
Current Ratio2.43x2.67x2.48x2.27x2.43x2.10x2.04x2.33x3.08x1.96x
Quick Ratio1.95x2.15x1.97x1.82x1.91x1.55x1.41x1.63x2.36x1.39x
Cash Conversion Cycle91.3482.3490.2686.6794.99104.29123.53118.2124.46105.68
Total Non-Current Liabilities+1.91B1.73B1.58B1.42B1.52B2.11B3.96B3.87B3.82B2.51B
Long-Term Debt1.57B1.48B1.32B1.18B1.15B1.65B2.95B3.02B3.12B1.92B
Capital Lease Obligations0000114.11M129.67M155.06M139.56M145.83M124.64M
Deferred Tax Liabilities254.82M171.81M159.97M151.04M164.07M236.86M780.62M617.54M479.69M403.65M
Other Non-Current Liabilities84.3M82.67M108.6M87.81M90.35M88.01M75.58M97.07M71.55M61.89M
Total Liabilities2.31B2.11B1.98B1.89B2.02B2.68B4.88B4.73B4.75B3.53B
Total Debt+1.57B1.48B1.32B1.18B1.28B1.8B3.28B3.25B3.38B2.2B
Net Debt1.32B1.2B1.11B962.59M964.86M1.58B2.93B3.04B3.18B2.03B
Debt / Equity0.52x0.53x0.41x0.37x0.38x0.46x0.50x0.53x0.54x0.33x
Debt / EBITDA4.40x3.57x2.28x1.86x1.75x2.35x3.18x2.42x2.41x1.64x
Net Debt / EBITDA3.70x2.89x1.93x1.51x1.31x2.06x2.84x2.26x2.27x1.51x
Interest Coverage4.99x5.08x7.90x9.13x13.33x14.75x5.34x7.14x5.79x10.05x
Total Equity+3.04B2.81B3.22B3.19B3.42B3.89B6.54B6.09B6.32B6.62B
Equity Growth %1.83%-0.08%0.14%-0.01%0.07%0.14%0.68%-0.07%0.04%0.05%
Book Value per Share42.6932.6437.5437.2739.9145.3066.5660.7263.5666.78
Total Shareholders' Equity3.02B2.8B3.21B3.18B3.41B3.88B6.53B6.08B6.3B6.6B
Common Stock2.15B2.09B2.05B2B1.98B2B4.74B4.49B4.54B4.42B
Retained Earnings939.46M954.15M1.15B1.34B1.66B1.94B2B1.91B2.09B2.48B
Treasury Stock0000000000
Accumulated OCI-68.16M-240.7M11.69M-159.78M-235.46M-61.24M-209.81M-320.71M-328.66M-292.34M
Minority Interest15.86M11.43M11.34M7.99M12.85M10.48M12.28M9.97M13.18M12.35M

Cash Flow

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+254.68M424.09M457.63M539.5M590.56M689.64M684.81M756.95M973.27M1.15B
Operating CF Margin %0.11%0.16%0.17%0.19%0.19%0.22%0.16%0.17%0.19%0.21%
Operating CF Growth %0.04%0.67%0.08%0.18%0.09%0.17%-0.01%0.11%0.29%0.18%
Net Income111.58M110.63M291.62M304.75M407.86M396.87M242.87M105.81M380.08M616.07M
Depreciation & Amortization143.74M188.14M178.33M225.92M197.24M219.24M553.1M552.9M565.24M476.21M
Stock-Based Compensation16.15M18.79M22.19M23.96M23.81M25.97M57.66M38.95M56.53M57.4M
Deferred Taxes704K31.27M-24.72M-6.62M9.44M4.24M-106.62M-185.91M-131.41M-76.55M
Other Non-Cash Items3.03M132.45M49.36M-18.84M2.02M24.32M87.07M495.22M248.91M8.43M
Working Capital Changes-20.53M-57.2M-59.15M10.34M-49.81M19.01M-149.28M-250.02M-146.08M66.51M
Change in Receivables-31.56M-48.14M-37.73M-48.49M-17.87M12.08M-51.97M-133.3M-128.07M-28.82M
Change in Inventory1.81M-12.83M-5.18M-14.18M-39.14M3.77M-102.92M-123.92M-37.45M73.07M
Change in Payables5.25M6.88M563K21.24M-2.78M-7.21M14.89M53.34M-18.96M33.59M
Cash from Investing+-729.58M-104.25M-203.83M-213.22M-319.74M-1.15B-666.56M-383.33M-887.36M388.77M
Capital Expenditures-126.41M-172.9M-165.46M-189.72M-214.52M-239.26M-287.56M-361.97M-360.33M-370.09M
CapEx % of Revenue0.06%0.07%0.06%0.07%0.07%0.08%0.07%0.08%0.07%0.07%
Acquisitions----------
Investments----------
Other Investing844K4.85M-989K-13.29M4.16M-1.82M1.74M14.59M7.38M9.2M
Cash from Financing+560.29M-267.1M-356.18M-294.79M-163.15M345.62M115.83M-498.72M-85.19M-1.57B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-65.2M-93.19M-102.93M-112.5M-123.03M-133.84M-163.17M-183.5M-200.57M-219.88M
Share Repurchases----------
Other Financing12.98M-1.01M5.67M11.29M37.63M9.56M-37.41M-437K5.66M23.26M
Net Change in Cash----------
Free Cash Flow+128.27M251.19M292.18M349.79M376.04M450.38M397.25M394.98M612.95M778M
FCF Margin %0.06%0.1%0.11%0.13%0.12%0.14%0.09%0.09%0.12%0.14%
FCF Growth %-0.2%0.96%0.16%0.2%0.08%0.2%-0.12%-0.01%0.55%0.27%
FCF per Share1.802.923.414.094.395.244.043.946.177.85
FCF Conversion (FCF/Net Income)2.30x3.86x1.57x1.77x1.45x1.74x2.81x7.07x2.57x1.87x
Interest Paid37.16M42.8M48.66M00084.7M108.47M142.17M89.4M
Taxes Paid60.88M78.01M85.63M000138.38M254.66M271.27M273.61M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)5.39%3.76%9.65%9.5%12.35%10.87%4.67%1.69%6.1%9.51%
Return on Invested Capital (ROIC)5.43%4.06%7.19%7.27%9.44%8.34%4.79%6.38%6.74%7.17%
Gross Margin40%39.28%41.71%42.23%43.55%43.22%44.59%43.66%43.17%44.01%
Net Margin4.95%4.21%11.1%10.93%13.45%12.79%5.77%2.36%7.36%11.26%
Debt / Equity0.52x0.53x0.41x0.37x0.38x0.46x0.50x0.53x0.54x0.33x
Interest Coverage4.99x5.08x7.90x9.13x13.33x14.75x5.34x7.14x5.79x10.05x
FCF Conversion2.30x3.86x1.57x1.77x1.45x1.74x2.81x7.07x2.57x1.87x
Revenue Growth21%16.71%0.28%6.19%8.94%2.53%35.91%7.41%13.28%6.24%

Revenue by Segment

2019202020212022202320242025
Product1.3B1.4B1.44B2.56B2.79B2.76B2.87B
Product Growth-8.24%2.91%77.08%8.96%-0.77%3.89%
Service1.49B1.63B1.66B2.03B2.17B2.37B2.59B
Service Growth-9.55%2.20%21.92%7.08%9.31%8.98%

Revenue by Geography

2019202020212022202320242025
UNITED STATES1.98B2.21B2.23B3.23B3.59B3.75B4.01B
UNITED STATES Growth-11.88%0.69%44.98%11.08%4.60%6.83%
Other foreign locations748.57M755.35M808.58M1.27B1.3B1.3B1.34B
Other foreign locations Growth-0.91%7.05%57.58%1.78%0.59%3.07%
IRELAND-63.82M71.91M82.01M74.46M82.69M107.32M
IRELAND Growth--12.67%14.05%-9.20%11.06%29.78%
UNITED KINGDOM56.78M------
UNITED KINGDOM Growth-------

Frequently Asked Questions

Valuation & Price

STERIS plc (STE) has a price-to-earnings (P/E) ratio of 42.6x. This suggests investors expect higher future growth.

Growth & Financials

STERIS plc (STE) reported $5.70B in revenue for fiscal year 2025. This represents a 305% increase from $1.41B in 2012.

STERIS plc (STE) grew revenue by 6.2% over the past year. This is steady growth.

Yes, STERIS plc (STE) is profitable, generating $688.5M in net income for fiscal year 2025 (11.3% net margin).

Dividend & Returns

Yes, STERIS plc (STE) pays a dividend with a yield of 0.84%. This makes it attractive for income-focused investors.

STERIS plc (STE) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.

STERIS plc (STE) generated $961.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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