Reading the tape
NYSE: STE
STERIS plc
Healthcare · Medical - Devices
Market Cap
$20.36B
52w High
$269.44
52w Low
$195.14
P/E
28.81
Volume
629.56K
Outstanding Shares
98.15M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -8.15%Revenue (TTM): 14.38%FCF (TTM): 22.05%P/FCF: 3rd pct
What changed
The stock fell 8.15% over the last year. Revenue grew 14.38% over the trailing twelve months. Operating margin moved from 17.58% to 17.18%. Free cash flow grew 22.05% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 17.18%. A decisive move in revenue — currently up 14.38% — would be the clearest signal to resolve the ambiguity.
Company profile
STERIS plc provides infection prevention and other procedural products and services worldwide.
CEODaniel A. Carestio
SectorHealthcare
IndustryMedical - Devices
Employees18,000
IPO dateJun 1, 1992
Valuation
Forward P/E—
EV/EBITDA17.94
Enterprise value$24.37B
Stock splits
Aug 25, 1998↑ Forward
Every 1 shares became 2
Aug 25, 1995↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth9.16%
Gross margin44.11%▲1.96%vs FY2024
Operating margin17.18%▼2.44%vs FY2024
ROE9.31%▲55.09%vs FY2024
Analyst consensus
RatingBuy
Target price$256.67▲23.73%
11
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 11, 2026
Q2 FY26 · EPS est $2.86 · Revenue est $1.59B
View
Dividends
$2.52/shareQuarterlyDividend Achiever · 15yrEx-div Jun 8, 2026 · in 28dSafeSTE pays a dividend with a 1.21% declared yield, 15 consecutive years of growth, growing at 9.51% annually, covered 3.5× by free cash flow.
Declared Yield
1.21%
Annual Div / Share
$2.52
TTM $2.46
5yr CAGR
+9.51%
Doubles every ~7.6yr
Payout Ratio
33.34%
Safe
Dividend Growth Rate
3yr CAGR
+10.26%
5yr CAGR
+9.51%
10yr CAGR
+9.68%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.52+10.5%
2025$2.28+9.6%
2024$2.08+10.6%
2023$1.88+9.3%
2022$1.72+7.5%
2021$1.60+8.1%
2020$1.48+8.8%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$12/yr
$1/mo
In 5 yrs
$19/yr+57%
$2/mo
In 10 yrs
$30/yr+148%
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$12/yr $1/mo | $19/yr+57% $2/mo | $30/yr+148% $3/mo |
Yield-on-cost grows from 1.21% → 3.01% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
STE has raised its dividend for 15 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 3.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 9.51% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in STE
STOCK Act disclosures from senators and representatives.
April Delaney
MDhouseDemocratPurchase2026-04-30$1,001 - $15,000+7d to discloseApril Delaney
MDhouseDemocratPurchase2026-03-16$1,001 - $15,000+23d to disclose