STERIS plc (STE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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STE Revenue Growth
Revenue Breakdown (FY 2025)
STE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
STE Revenue Analysis (2014–2025)
As of May 8, 2026, STERIS plc (STE) generated trailing twelve-month (TTM) revenue of $5.83 billion, reflecting solid growth of +9.2% year-over-year. The most recent quarter (Q3 2026) recorded $1.50 billion in revenue, up 2.5% sequentially.
Looking at the longer-term picture, STE's 5-year compound annual growth rate (CAGR) stands at +12.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $5.46 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows STE's business is primarily driven by Product (53%), and Service (47%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including WAT (+26.4% YoY), MMSI (+11.2% YoY), and HSIC (+4.0% YoY), STE has underperformed the peer group in terms of revenue growth. Compare STE vs WAT →
STE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| STECurrent | $5.8B | +9.2% | +12.5% | 15.9% | |
 WAT | $3.2B | +26.4% | +6.0% | 28.2% | |
 MMSI | $1.5B | +11.2% | +9.5% | 12.2% | |
 HSIC | $13.2B | +4.0% | +5.4% | 5.7% | |
 IART | $1.6B | +1.2% | +3.6% | 4.2% | |
 CNMD | $1.4B | +4.4% | +9.8% | 10.3% |
STE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.46B | +6.2% | $2.40B | 44.0% | $866.6M | 15.9% |
| 2024 | $5.14B | +13.3% | $2.22B | 43.2% | $836.1M | 16.3% |
| 2023 | $4.54B | +7.4% | $1.98B | 43.7% | $791.1M | 17.4% |
| 2022 | $4.22B | +35.9% | $1.88B | 44.6% | $477.8M | 11.3% |
| 2021 | $3.11B | +2.5% | $1.34B | 43.2% | $548.4M | 17.6% |
| 2020 | $3.03B | +8.9% | $1.32B | 43.6% | $537.0M | 17.7% |
| 2019 | $2.78B | +6.2% | $1.17B | 42.2% | $411.0M | 14.8% |
| 2018 | $2.62B | +0.3% | $1.09B | 41.7% | $399.9M | 15.3% |
| 2017 | $2.61B | +16.7% | $1.03B | 39.3% | $226.2M | 8.7% |
| 2016 | $2.24B | +21.0% | $895.5M | 40.0% | $212.9M | 9.5% |
Full STE Stock Analysis
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Start ComparisonSTE — Frequently Asked Questions
Quick answers to the most common questions about buying STE stock.
Is STE's revenue growth accelerating or slowing?
STE maintains +9.2% revenue growth, in line with its 5-year CAGR of +12.5%. TTM revenue stands at $5.8B. Growth rate remains consistent with historical average.
What is STE's long-term revenue growth rate?
STERIS plc's 5-year revenue CAGR of +12.5% reflects the sustained expansion pattern. Current YoY growth of +9.2% is near this long-term average.
How is STE's revenue distributed by segment?
STE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.