Steris (STE) Gross Margin (2018 - 2026)
Steris (STE) posted quarterly Gross Margin of 43.89% for Q1 2026, up 58.0% year-over-year from 27.78% in Q1 2025, and little changed quarter-over-quarter from 43.81% in Q4 2025.
Steris (STE) Gross Margin (2018 - 2026) Analysis & Trends
Steris' Gross Margin history runs 9 years deep, the most recent figure standing at 43.89% for Q1 2026.
- In Q1 2026, Gross Margin rose 58.0% year-over-year to 43.89%; the TTM figure through Mar 2026 stood at 44.25% (up 24.0% YoY), while the FY2026 annual figure was 44.25%, up 24.0% from the prior year.
- Gross Margin for Q1 2026 stood at 43.89%, roughly flat from 43.81% 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.
- The 5-year median for Gross Margin is 44.11% (2023), against an average of 44.02%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 408 bps in 2022, then sank 457 bps in 2023.
- Steris' Gross Margin stood at 42.99% in 2022, then rose by 0 bps to 43.15% in 2023, then gained by 3 bps to 44.53% in 2024, then retreated by 2 bps to 43.81% in 2025, then climbed by 0 bps to 43.89% in 2026.
- Business Quant data shows STE's Gross Margin at 43.89% in Q1 2026, 43.81% in Q4 2025, and 44.23% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.12 Bn | 193.52 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 128.79 Bn | 125.32 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 119.30 Bn | 110.08 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 73.50 Bn | 72.96 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 52.11 Bn | 47.86 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 34.62 Bn | 32.67 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 34.05 Bn | 31.94 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.42 Bn | 23.10 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.15 Bn | 22.67 Bn | 684.20 Mn | 45.84% |
| 10 | Zimmer Biomet Holdings | 19.32 Bn | 18.91 Bn | 1.54 Bn | 70.81% |
Historic Data
Download 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% |