Steris (STE) Gross Margin (2018 - 2026)
Steris (STE) posted Gross Margin of 45.84% for Q2 2026, up 4.44% on a QoQ basis from 43.89% in Q1 2026, and up 69.0% year-over-year from 27.12% in Q2 2025.
Analysis
Steris (STE) Gross Margin (2018 - 2026) Analysis & Trends
Steris has reported Gross Margin for 9 years, with the latest figure at 45.84% in Q2 2026.
- On a quarterly basis, Gross Margin rose 69.0% year-over-year to 45.84% in Q2 2026; TTM through Jun 2026 was 44.43%, a 31.0% increase from a year earlier, with the FY2026 full-year figure at 44.25%, up 24.0% from the prior year.
- Gross Margin was 45.84% for Q2 2026 at Steris, up from 43.89% in the prior quarter.
- The five-year high for Gross Margin was 47.21% in Q1 2022, with the low at 41.07% in Q1 2024.
- Average Gross Margin over 5 years is 44.12%, with a median of 44.16% recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Gross Margin soared 408 bps in 2022, then sank 457 bps in 2023.
- Over 5 years, Gross Margin stood at 42.99% in 2022, then advanced by 0 bps to 43.15% in 2023, then climbed by 3 bps to 44.53% in 2024, then slipped by 2 bps to 43.81% in 2025, then advanced by 5 bps to 45.84% in 2026.
- The last three Gross Margin figures came in at 45.84% (Q2 2026), 43.89% (Q1 2026), and 43.81% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 57.71% |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 67.78% |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 64.99% |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 68.27% |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 70.71% |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 77.46% |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | 60.21% |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 63.44% |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 45.84% |
| 10 | Zimmer Biomet Holdings | 18.20 Bn | 17.79 Bn | 1.54 Bn | 70.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.84% |
| Mar 31, 2026 | 43.89% |
| Dec 31, 2025 | 43.81% |
| Sep 30, 2025 | 44.23% |
| Jun 30, 2025 | 45.14% |
| Mar 31, 2025 | 43.31% |
| Dec 31, 2024 | 44.53% |
| Sep 30, 2024 | 43.55% |
| Jun 30, 2024 | 44.74% |
| Mar 31, 2024 | 41.07% |
| Dec 31, 2023 | 43.15% |
| Sep 30, 2023 | 44.11% |
| Jun 30, 2023 | 44.70% |
| Mar 31, 2023 | 42.65% |
| Dec 31, 2022 | 42.99% |
| Sep 30, 2022 | 44.21% |
| Jun 30, 2022 | 45.06% |
| Mar 31, 2022 | 47.21% |
| Dec 31, 2021 | 44.51% |
| Sep 30, 2021 | 40.13% |