TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

STE stock analysis: Steris

Steris (STE) is an S&P 500 company in Health Care Equipment. It grades weakest on momentum.

The model's view of STE · subscribers

Where STE ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with STE · updated 2026-10-05 · from prices and SEC filings

STE price performance

STE against the S&P 500, one year
-20%+0%+20%S&P 500 +18%STE -13%2025-09-292026-10-05
Year to date-16.0%S&P 500 +14.5% · behind by 30.5 pts
1 year-12.0%S&P 500 +17.0% · behind by 29.0 pts
3 years-2.2%S&P 500 +89.3% · behind by 91.4 pts
5 years+6.7%S&P 500 +91.3% · behind by 84.6 pts

Total returns with dividends reinvested.

STE factor grades

Each grade compares STE with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueFCF yield 4.5% (industry 4.4%)
CGrowthRevenue growth +8% (industry +9%)
CProfitabilityOperating margin 18.9% (industry 18.5%)ROIC 9.8% (industry 11.1%)
D+Momentum12-month change -12%From 52-wk high -21%

STE in plain numbers

STE key statistics

SectorHealth Care
IndustryHealth Care Equipment
IndexS&P 500
Market value$20.6B
Revenue growth (y/y)+8%
Free-cash-flow yield4.5%
Dividend yield1.2%
Next earnings (expected)2026-11-04
Valuation measures
Market value$20.6B
Enterprise value$22.0B
Price / sales3.4x
Price / book2.9x
EV / revenue3.6x
EV / EBITDA13.5x
Financial highlights
Revenue, last 12 months$6.0B
Net income, last 12 months$805.1M
Gross margin44.4%
Operating margin18.9%
Net margin13.3%
Return on equity11.4%
Return on invested capital9.8%
Cash$482.3M
Total debt$1.9B
Debt / equity0.26x
Free cash flow, last 12 months$925.6M
Interest cover18.8x
Current ratio1.91x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

STE earnings trends

Revenue vs earnings
$0$397.1M$794.2M$1.2B$1.6BSep 2024 Revenue: $1.3BDec 2024 Revenue: $1.4BMar 2025 Revenue: $1.5BJun 2025 Revenue: $1.4BSep 2025 Revenue: $1.5BDec 2025 Revenue: $1.5BMar 2026 Revenue: $1.6BJun 2026 Revenue: $1.5BSep 2024 Net income: $150.0MDec 2024 Net income: $173.5MMar 2025 Net income: $145.7MJun 2025 Net income: $177.4MSep 2025 Net income: $191.9MDec 2025 Net income: $192.9MMar 2026 Net income: $220.2MJun 2026 Net income: $200.1MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 11.3%Net margin: 12.7%Net margin: 9.8%Net margin: 12.8%Net margin: 13.1%Net margin: 12.9%Net margin: 13.9%Net margin: 13.4%0%7%14%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.6$1.1$1.7$2.2Sep 2024 EPS (GAAP, diluted): $1.5Dec 2024 EPS (GAAP, diluted): $1.8Mar 2025 EPS (GAAP, diluted): $1.5Jun 2025 EPS (GAAP, diluted): $1.8Sep 2025 EPS (GAAP, diluted): $1.9Dec 2025 EPS (GAAP, diluted): $2.0Mar 2026 EPS (GAAP, diluted): $2.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 +23% · Sep 2025 +28% · Dec 2025 +12% · Mar 2026 +52%

From the company's 10-Q and 10-K filings with the SEC.

Steris financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$4.6B$4.9B$5.4B$5.5B$5.9B
Net income$243.9M$107.0M$378.2M$614.6M$782.4M
EPS (GAAP)$2.39$1.07$3.82$6.19$7.93
Free cash flow$397.2M$395.0M$612.9M$778.0M$1.0B

STE earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05n/an/a+7%-0.1%
2026-05-11$2.24+52%+7%+1.6%
2026-02-04$1.96+12%+9%-5.1%
2025-11-05$1.94+28%+10%+8.3%
2025-08-06$1.79+23%+9%+4.9%
2025-05-14$1.47n/a+4%+6.2%

About Steris

HeadquartersDublin, Ireland
Industry (SEC code)Orthopedic, Prosthetic & Surgical Appliances & Supplies
Fiscal year endsMarch 31
Incorporated inIreland
Listed onNYSE
FormerlySTERIS Ltd

From the company's SEC registration record.

Companies similar to STE

CompanyMarket valueP/ERevenue growthOperating margin12-month change
STE Steris$20.6Bn/a+8%18.9%-12%
RVTY Revvity$17.6B75.3x+4%12.3%+68%compare
ZBH Zimmer Biomet$17.5B22.2x+9%14.2%-8%compare
GEHC GE HealthCare$29.9B15.7x+6%12.6%-14%compare
RMD ResMed$32.1B21.4x+10%33.4%-19%
DXCM DexCom$32.8B34.5x+16%22.9%+30%
BAX Baxter$12.5Bn/a+5%-2.4%+2%

All Health Care stock ratings

Frequently asked questions

Is STE stock a buy?

Torvanta does not tell individuals what to buy. Its grades for STE are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

When does STE report earnings next?

Based on its filing history, Torvanta expects Steris to report around 2026-11-04.

Does STE pay a dividend?

Yes. Its dividend yield is about 1.2%, and it has raised its dividend 15 years in a row.

How has STE performed against the S&P 500?

Over the past year STE returned -12.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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