10 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 13.8% per year over the past 5 years.
Net income has grown faster than revenue (14.5% vs 13.8% per year).
Operating margin has been roughly flat, at 18.6% in the latest year.
Free cash flow has grown 16.6% per year over the past 5 years.
Financial health
Total debt ($1.9B) exceeds cash ($440M); net debt is $1.5B.
Total debt has grown slower than revenue (3.2% vs 13.8% per year).
Operating income covered interest expense 18× in the latest year.
Total debt is 1.2× EBITDA.
Shareholder returns
Dividends have been paid for 10 consecutive years, consuming 30.9% of earnings and 24.9% of free cash flow.
The dividend has grown 12.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$5.9B
$782M
44.2%
18.6%
10.9%
7.3%
$972M
$1.9B
$440M
2025
$5.5B
$615M
44.0%
15.9%
9.3%
6.1%
$778M
$2.0B
$172M
2024
$5.1B
$378M
43.2%
16.3%
6.0%
3.4%
$613M
$3.2B
$207M
2023
$4.5B
$107M
43.7%
17.4%
1.8%
1.0%
$395M
$3.1B
$208M
2022
$4.2B
$244M
44.6%
11.3%
3.7%
2.1%
$397M
$3.1B
$348M
2021
$3.1B
$397M
43.2%
17.6%
10.2%
6.0%
$450M
$1.7B
$221M
2020
$3.0B
$408M
43.6%
17.7%
12.0%
7.5%
$376M
$1.2B
$320M
2019
$2.8B
$304M
42.2%
14.8%
9.6%
6.0%
$350M
$1.2B
$221M
2018
$2.6B
$291M
41.7%
15.3%
9.1%
5.6%
$292M
$1.3B
$202M
2017
$2.6B
$110M
39.3%
8.7%
—
—
$251M
—
$283M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$1.5B
$200M
45.8%
19.1%
2.8%
1.9%
$280M
$1.9B
$482M
Mar '26
$1.6B
$220M
43.9%
19.9%
3.1%
2.1%
$245M
$1.9B
$440M
Dec '25
$1.5B
$193M
43.8%
18.3%
2.7%
1.8%
$200M
$1.9B
$424M
Sep '25
$1.5B
$192M
44.2%
18.2%
2.7%
1.8%
$201M
$1.9B
$319M
Jun '25
$1.4B
$177M
45.1%
17.7%
2.5%
1.7%
$326M
$1.9B
$280M
Mar '25
$1.5B
$146M
43.3%
14.6%
2.2%
1.4%
$190M
$2.0B
$172M
Dec '24
$1.4B
$174M
44.5%
17.9%
2.7%
1.7%
$244M
$2.2B
$155M
Sep '24
$1.3B
$150M
43.6%
16.5%
2.3%
1.5%
$149M
$2.2B
$172M
Jun '24
$1.3B
$145M
44.7%
14.5%
2.3%
1.4%
$196M
$2.3B
$198M
Mar '24
$1.4B
-$1M
41.1%
15.5%
-0.0%
-0.0%
$163M
$3.2B
$207M
Dec '23
$1.3B
$141M
43.2%
17.5%
2.2%
1.2%
$172M
$3.3B
$196M
Sep '23
$1.2B
$115M
44.1%
15.5%
1.9%
1.0%
$63M
$3.4B
$214M
Jun '23
$1.2B
$124M
44.7%
16.7%
2.0%
1.1%
$215M
$2.9B
$209M
Mar '23
$1.3B
$187M
42.6%
58.4%
3.1%
1.7%
$144M
$3.1B
$208M
Dec '22
$1.1B
$124M
43.0%
17.2%
2.1%
1.1%
$114M
$3.1B
$259M
Sep '22
$1.1B
-$315M
44.2%
-28.1%
-5.4%
-3.0%
$21M
$3.0B
$258M
Jun '22
$1.2B
$111M
44.8%
13.7%
1.7%
1.0%
$116M
$3.0B
$316M
Mar '22
$1.2B
$52M
47.2%
7.6%
0.8%
0.5%
$99M
$3.1B
$348M
Dec '21
$1.2B
$144M
44.5%
16.8%
2.2%
1.2%
$163M
$3.3B
$359M
Sep '21
$1.2B
$70M
40.1%
9.7%
1.1%
0.6%
$94M
$3.4B
$383M
Valuation over time
How the market has priced STE against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 174.3× (Mar '23) to 29.1× (Nov '26).
The price-to-sales ratio has fallen from 4.1× (Mar '23) to 3.8× (Nov '26).
The dividend yield has risen from 1.0% (Mar '23) to 1.1% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is STE growing its revenue and profit?
Over the past 5 years, Steris's revenue has grown 13.8% per year, and net income grown 14.5% per year. These are computed facts, not advice.
How much debt does STE have?
As of FY2026, Steris reported $1.9B of total debt against $440M of cash; operating income covered interest expense 18×.
What is STE's profit margin?
In FY2026, gross margin was 44.2%, operating margin 18.6%, and net margin 13.2%.
What is STE's P/E ratio?
Steris's P/E (TTM) is 28.25 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the STE stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 29.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.