Skip to main content
Institutional deep-dive - valuation, health, statements

Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

STERIS plc STE

· Healthcare · Orthopedic, Prosthetic & Surgical Appliances & Supplies

FY2026 10-K, filed 2026-05-29
SEC EDGAR

Filing evidence summary

Constructive evidenceCoverage 5/5 core metrics

12 filing-based checks were evaluable.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • No current rule-based risk flags

    12 filing-based checks were evaluable.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

  • Revenue expanded

    Latest reported annual revenue changed +8.7% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2026-03-31.

  • Operating margin improved

    Operating margin changed +2.7 percentage points from the prior annual period.

    Why this surfaced

    Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2026-03-31.

  • Free cash flow was positive

    Latest reported free cash flow was $972M.

    Why this surfaced

    Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2026-03-31.

Core trend metrics

Latest annual revenue growth
+8.7%
as of 2026-03-31
Latest annual operating margin
18.6%
as of 2026-03-31
Free cash flow
$972M
as of 2026-03-31
Debt / equity
0.25x
as of 2026-03-31
ROIC snapshot
9.8%
period varies

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

0of 12 rule-based checks flagged

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2026-03-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2026-03-3110-K filed 2026-05-29prior period 2025-03-31 from the same filingView filing
By business segment
Revenue
  • Healthcare Segment$4.21B
    70.9%
    +8.5% yoy
  • Applied Sterilization Technologies$1.14B
    19.2%
    +9.6% yoy
  • Life Science$589M
    9.9%
    +8.6% yoy

Members sum to the consolidated $5.94B for this period.

By product or service
Revenue
  • Product$3.06B
    51.6%
    +6.6% yoy
  • Service$2.88B
    48.4%
    +11.1% yoy

Members sum to the consolidated $5.94B for this period.

By geography
Revenue
  • United States$4.33B
    73.0%
    +8.1% yoy
  • Otherforeignlocations$1.49B
    25.2%
    +11.1% yoy
  • Ireland$109M
    1.8%
    +1.1% yoy

Members sum to the consolidated $5.94B for this period.

Latest quarter
Quarter ending 2025-12-3110-Q filed 2026-02-06prior period 2024-12-31 from the same filingView filing
  • Healthcare Segment$1.06B
    71.1%
    +9.0% yoy
  • Applied Sterilization Technologies$287M
    19.2%
    +11.0% yoy
  • Life Science$146M
    9.7%
    +6.9% yoy

Change is against the same quarter a year earlier, as reported in the same 10-Q.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2026-03-31 · among 4,122 US-listed filers · 318 in Healthcare
MetricValuevs all filersvs sector
Revenue
latest fiscal-year revenue as filed
$5.9B
82ndof 3,301
top third
88thof 291
top third
Revenue growth
latest fiscal-year revenue vs the prior fiscal year
8.7%
58thof 3,135
middle third
50thof 277
middle third
Gross margin
gross profit ÷ revenue
44.3%
59thof 1,603
middle third
30thof 212
bottom third
Operating margin
operating income ÷ revenue
18.6%
83rdof 2,819
top third
90thof 280
top third
Net margin
net income ÷ revenue
13.2%
77thof 3,263
top third
86thof 290
top third
Free-cash-flow margin
(operating cash flow − |capex|) ÷ revenue
16.4%
78thof 2,679
top third
86thof 261
top third
Return on equity
net income ÷ stockholders' equity (positive equity only)
10.9%
69thof 3,577
top third
78thof 291
top third
Stock comp ÷ revenue
stock-based compensation ÷ revenue · lower is ranked higher
1.0%
66thof 2,895
middle third
79thof 272
top third
Days sales outstanding
receivables ÷ revenue × 365 · lower is ranked higher
67 days
29thof 2,398
bottom third
31stof 266
bottom third
Cash conversion
operating cash flow ÷ net income (net income > 0)
1.7×
58thof 2,183
middle third
55thof 123
middle third
Cash-flow accrual ratio
(net income − operating cash flow) ÷ average total assets · lower is ranked higher
-5.3%
54thof 3,577
middle third
43rdof 272
middle third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

latest fiscal year ending 2026-03-31 · accruals and cash conversion as filed
Cash conversion
1.71×
operating cash flow ÷ net income, latest fiscal year
Cash-flow accrual ratio
-5.4%
(net income − operating cash flow) ÷ average total assets
Balance-sheet accrual ratio
-
change in net operating assets ÷ average net operating assets
Cash-backed years
5 of 5
fiscal years where operating cash flow met or exceeded net income
Mean cash conversion
3.21×
across the stored fiscal years with positive net income

Per fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.

Point-in-time ledger

first-reported vs latest filing · periods since 2020-01-01 · 28 changed periods
Line itemPeriodFirst reportedLatest filingChangeFilings
Operating income
OperatingIncomeLoss
fiscal year 2023-03-31$268M
10-K 2023-05-26
$791M
10-K 2025-05-29
+195.0%first · latest · 3 filings carry it
Intangibles
IntangibleAssetsNetExcludingGoodwill
balance at 2023-03-31$2.96B
10-K 2023-05-26
$2.08B
10-K 2024-05-29
-29.7%first · latest · 5 filings carry it
Operating income
OperatingIncomeLoss
fiscal year 2022-03-31$426M
10-K 2022-05-31
$478M
10-K 2024-05-29
+12.3%first · latest · 3 filings carry it
Goodwill
Goodwill
balance at 2022-03-31$4.4B
10-K 2022-05-31
$3.94B
10-K 2024-05-29
-10.6%first · latest · 8 filings carry it
Gross profit
GrossProfit
quarter 2022-09-30$532M
10-Q 2022-11-09
$482M
10-K 2024-05-29
-9.4%first · latest · 3 filings carry it
Revenue
Revenues
quarter 2022-09-30$1.2B
10-Q 2022-11-09
$1.09B
10-K 2024-05-29
-9.1%first · latest · 3 filings carry it
Revenue
Revenues
quarter 2022-06-30$1.16B
10-Q 2022-08-08
$1.05B
10-K 2024-05-29
-9.1%first · latest · 3 filings carry it
Revenue
Revenues
quarter 2022-12-31$1.22B
10-Q 2023-02-08
$1.11B
10-K 2024-05-29
-8.5%first · latest · 3 filings carry it
Revenue
Revenues
fiscal year 2023-03-31$4.96B
10-K 2023-05-26
$4.54B
10-K 2025-05-29
-8.5%first · latest · 3 filings carry it
Gross profit
GrossProfit
quarter 2022-06-30$518M
10-Q 2022-08-08
$474M
10-K 2024-05-29
-8.5%first · latest · 3 filings carry it
Gross profit
GrossProfit
quarter 2022-12-31$521M
10-Q 2023-02-08
$478M
10-K 2024-05-29
-8.3%first · latest · 3 filings carry it
Gross profit
GrossProfit
fiscal year 2023-03-31$2.16B
10-K 2023-05-26
$1.98B
10-K 2025-05-29
-8.3%first · latest · 3 filings carry it
Gross profit
GrossProfit
quarter 2023-09-30$594M
10-Q 2023-11-07
$546M
10-Q 2024-11-07
-8.0%first · latest · 3 filings carry it
Revenue
Revenues
fiscal year 2022-03-31$4.59B
10-K 2022-05-31
$4.22B
10-K 2024-05-29
-7.9%first · latest · 3 filings carry it
Revenue
Revenues
quarter 2023-06-30$1.28B
10-Q 2023-08-08
$1.18B
10-Q 2024-08-08
-7.9%first · latest · 3 filings carry it
Revenue
Revenues
quarter 2023-09-30$1.34B
10-Q 2023-11-07
$1.24B
10-Q 2024-11-07
-7.8%first · latest · 3 filings carry it
Gross profit
GrossProfit
quarter 2023-06-30$573M
10-Q 2023-08-08
$529M
10-Q 2024-08-08
-7.8%first · latest · 3 filings carry it
Gross profit
GrossProfit
quarter 2023-12-31$603M
10-Q 2024-02-08
$560M
10-Q 2025-02-07
-7.1%first · latest · 3 filings carry it
Revenue
Revenues
quarter 2023-12-31$1.4B
10-Q 2024-02-08
$1.3B
10-Q 2025-02-07
-7.0%first · latest · 3 filings carry it
Receivables
AccountsReceivableNetCurrent
balance at 2023-03-31$928M
10-K 2023-05-26
$865M
10-K 2024-05-29
-6.8%first · latest · 5 filings carry it
Gross profit
GrossProfit
fiscal year 2022-03-31$2.02B
10-K 2022-05-31
$1.88B
10-K 2024-05-29
-6.6%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
quarter 2023-12-31$216M
10-Q 2024-02-08
$226M
10-Q 2025-02-07
+4.8%first · latest
Operating income
OperatingIncomeLoss
quarter 2023-06-30$189M
10-Q 2023-08-08
$198M
10-Q 2024-08-08
+4.7%first · latest
Operating income
OperatingIncomeLoss
quarter 2023-09-30$186M
10-Q 2023-11-07
$192M
10-Q 2024-11-07
+3.1%first · latest
Net income
NetIncomeLoss
quarter 2020-06-30$88.2M
10-Q 2020-08-07
$89.6M
10-K 2022-05-31
+1.6%first · latest · 4 filings carry it
Operating income
OperatingIncomeLoss
quarter 2020-06-30$114M
10-Q 2020-08-07
$116M
10-Q 2021-08-09
+1.6%first · latest
Gross profit
GrossProfit
quarter 2020-06-30$286M
10-Q 2020-08-07
$287M
10-K 2022-05-31
+0.6%first · latest · 4 filings carry it
Net income
NetIncomeLoss
quarter 2020-03-31$123M
10-K 2020-05-29
$123M
10-K 2021-05-28
-0.6%first · latest

First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.

Notes by disclosure type

Not available for STE yet: no footnote text blocks on file for this filer in the ingested DERA files.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

Educational content only. Not financial advice. TrendNalysis provides educational and informational financial analysis built from public SEC filings and economic data (FRED, BLS). It is not financial, investment, tax, or legal advice and is not a recommendation to buy or sell any security. Market pricing is not currently included. Past performance does not guarantee future results. Always do your own research and consult a licensed financial professional before investing.