Steris (STE) Gross Margin (2018 - 2026)
Steris' (STE) quarterly Gross Margin came in at 43.89% in Q1 2026, up 58.0% year-on-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.
- On a quarterly basis, Gross Margin rose 58.0% year-over-year to 43.89% in Q1 2026; TTM through Mar 2026 was 44.25%, a 24.0% increase from a year earlier, with the FY2026 full-year figure at 44.25%, up 24.0% from the prior year.
- Gross Margin steadied at 43.89% in Q1 2026 per STE's latest filing, from 43.81% in the prior quarter.
- Across five years, Gross Margin topped out at 47.21% in Q1 2022 and bottomed at 41.07% in Q1 2024.
- The 5-year median for Gross Margin is 44.11% (2023), against an average of 44.02%.
- Across the five-year window, Gross Margin jumped 408 bps in 2022 and slumped 457 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 42.99% in 2022, then gained by 0 bps to 43.15% in 2023, then advanced by 3 bps to 44.53% in 2024, then decreased by 2 bps to 43.81% in 2025, then grew by 0 bps to 43.89% in 2026.
- Per Business Quant, the three latest STE Gross Margin figures stand at 43.89% (Q1 2026), 43.81% (Q4 2025), and 44.23% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 78.01% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 62.95% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 45.22% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 38.53% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 43.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 44.02% |