Overview
STERIS plc
Latest 10-K: FY2026, filed May 29, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $5.94B
- 8.7%YoYup from FY2025
- TotalRevenue
- Gross profit
- $2.63B
- 9.3%YoYup from FY2025
- GrossProfit
- Operating income
- $1.10B
- 27.1%YoYup from FY2025
- OperatingIncome
- Net income
- $0.78B
- 27.3%YoYup from FY2025
- NetIncome
- Diluted EPS
- $7.93
- 27.9%YoYup from FY2025
- EPSDiluted
- Diluted shares
- 98.7M
- 0.4%YoYdown from FY2025
- WeightedAvgSharesDiluted
At a glance
Growth
- STERIS plc reported revenue of $5.94B for fiscal 2026, up 8.7% from fiscal 2025.
- Revenue grew faster than the median S&P 500 member in 3 of the last 4 fiscal years.
Profitability
- Operating margin was 18.6% and net margin was 13.2%.
Per share
- Diluted EPS was $7.93, up 27.9% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $5.94B8.7%up | $5.46B6.2%up Benchmark median 6.4% | $5.14B13.3%up Benchmark median 4.5% | $4.54B7.4%up Benchmark median 4.8% | $4.22B35.9%up Benchmark median 10.3% | 8.9% |
| Gross Profit Median of 315 / 498 | $2.63B9.3%up | $2.40B8.3%up Benchmark median 6.8% | $2.22B12.0%up Benchmark median 5.5% | $1.98B5.2%up Benchmark median 5.2% | $1.88B40.2%up Benchmark median 8.3% | 8.7% |
| Operating Income Median of 373 / 498 | $1.10B27.1%up | $0.87B3.6%up Benchmark median 7.3% | $0.84B5.7%up Benchmark median 7.4% | $0.79B65.6%up Benchmark median 4.9% | $0.48B12.9%down Benchmark median 7.5% | 23.2% |
| Net Income | $782.30M27.3%up | $614.60M62.5%up Benchmark median 4.8% | $378.20M253.4%up Benchmark median 5.7% | $107.03M56.1%down Benchmark median 1.9% | $243.89M38.6%down Benchmark median 1.3% | 33.8% |
| EPS (Diluted) | $7.9327.9%up | $6.2062.7%up Benchmark median 6.2% | $3.81256.1%up Benchmark median 7.9% | $1.0756.9%down Benchmark median 1.9% | $2.4846.4%down Benchmark median 1.5% | 33.7% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $10.74B5.8%up | $10.15B8.3%down Benchmark median 5.6% | $11.06B2.2%up Benchmark median 3.4% | $10.82B5.3%down Benchmark median 4.1% | $11.42B73.8%up Benchmark median 2.2% | -1.5% |
| Total Liabilities Median of 357 / 498 | $3.54B0.3%up | $3.53B25.6%down Benchmark median 6.4% | $4.75B0.3%up Benchmark median 1.9% | $4.73B3.0%down Benchmark median 2.9% | $4.88B81.8%up Benchmark median 2.0% | -7.7% |
| Stockholders' Equity | $7.20B8.8%up | $6.62B4.8%up Benchmark median 6.8% | $6.32B3.7%up Benchmark median 5.4% | $6.09B7.0%down Benchmark median 7.3% | $6.54B68.2%up Benchmark median 2.5% | 2.4% |
| Cash & Equivalents | — | — | — | — | — | — |
| Total Debt | $1.93B5.5%down | $2.04B36.3%down Benchmark median 2.1% | $3.21B4.1%up Benchmark median 0.2% | $3.08B0.3%down Benchmark median 0.3% | $3.09B87.1%up Benchmark median 0.1% | -11.1% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.34B16.8%up | $1.15B18.0%up Benchmark median 6.3% | $0.97B28.6%up Benchmark median 4.8% | $0.76B10.5%up Benchmark median 9.9% | $0.68B0.7%down Benchmark median -0.7% | 18.3% |
| Capital Expenditures | $369.00M0.3%down | $370.10M2.7%up Benchmark median 5.4% | $360.30M0.5%down Benchmark median 2.8% | $361.97M25.9%up Benchmark median 11.3% | $287.56M20.2%up Benchmark median 14.0% | 6.4% |
| Free Cash Flow Median of 378 / 498 | $972.40M25.0%up | $778.00M26.9%up Benchmark median 7.3% | $613.00M55.2%up Benchmark median 6.1% | $394.98M0.6%down Benchmark median 8.8% | $397.25M11.8%down Benchmark median -11.3% | 25.1% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2026Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.6%
Wall Street
on net earnings
FY2025 2.7%
4.5%
Value investor
on free cash flow
FY2025 3.5%
Gap +0.9 pts: Value-investor figure 0.9 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 27.9×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
33.0%
Wall Street
on book equity
FY2025 29.5%
6.3%
Value investor
on tangible book
FY2025 3.0%
Gap −26.7 pts: Value-investor figure 26.7 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 3.0×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
11.3%
Wall Street
ROE: net income ÷ equity
FY2025 9.5%
8.5%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2025 7.2%
Gap −2.8 pts: Value-investor figure 2.8 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
26.8%
Wall Street
EBITDA margin
FY2025 24.6%
16.4%
Value investor
Free-cash-flow margin
FY2025 14.3%
Gap −10.4 pts: Value-investor figure 10.4 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
2.09×
Wall Street
Current ratio
FY2025 1.96×
1.54×
Value investor
Quick ratio, inventory excluded
FY2025 1.39×
Gap −0.55×: Value-investor figure 0.55 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.82×
Wall Street
EBITDA ÷ total debt
FY2025 0.66×
0.50×
Value investor
FCF ÷ total debt
FY2025 0.38×
Gap −0.32×: Value-investor figure 0.32 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
26.2×
Wall Street
EBITDA ÷ interest
FY2025 15.6×
18.2×
Value investor
EBIT ÷ interest
FY2025 10.0×
Gap −8.0×: Value-investor figure 8.0 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on STE yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on STE and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/STE
Valuein. (2026, October 31). STERIS plc (STE) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/STE
@misc{valuein_ste_2026,
author = {{Valuein}},
title = {STERIS plc (STE) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/STE}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed May 29, 2026 · accession 0001628280-26-039136
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point-in-time · survivorship-free · every number traceable to its SEC filing
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