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
DateValue
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%