STE
STERIS plc$212.73
+0.51%Live · FMPMay 29, 2026
Market cap
$20.88B
52w range
195.14 – 269.44
P / E
—
EPS
—
Volume
484.76K
Revenue · FY
$5.46B
+6.24% YoY
Ratios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +43.22% | +44.59% | +43.66% | +43.17% | +44.01% | +43.87% | +43.59% | +42.99% |
| Operating margin | +17.65% | +11.31% | +17.44% | +16.27% | +15.87% | +16.35% | +16.16% | +16.20% |
| EBITDA margin | +24.91% | +23.90% | +29.63% | +27.49% | +24.89% | +27.81% | +27.85% | +27.29% |
| EBIT margin | +17.85% | +10.80% | +17.44% | +16.49% | +16.16% | +17.19% | +16.51% | +16.70% |
| Pre-tax margin | +16.65% | +8.69% | +15.00% | +13.68% | +14.58% | +14.59% | +14.38% | +14.81% |
| Net margin | +12.79% | +5.77% | +2.36% | +7.36% | +11.26% | +6.80% | +7.00% | +7.12% |
| Cost structure | ||||||||
| Cost of revenue / sales | +56.78% | +55.41% | +56.34% | +56.83% | +55.99% | +55.51% | +55.84% | +55.94% |
| R&D intensity | +2.13% | +2.05% | +2.17% | +2.02% | +1.97% | +2.02% | +2.00% | +2.06% |
| SG&A intensity | +23.53% | +31.22% | +24.04% | +24.37% | +24.44% | +23.81% | +23.88% | +23.96% |
| Effective tax rate | +23.32% | +22.45% | +18.24% | +21.28% | +23.19% | +21.26% | +21.09% | +20.69% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +10.21% | +3.73% | +1.76% | +5.99% | +9.29% | +5.37% | +5.48% | +5.70% |
| Return on assets (ROA) | +6.04% | +2.13% | +0.99% | +3.42% | +6.06% | +3.10% | +3.20% | +3.30% |
| Return on capital (ROC) | +9.63% | +4.86% | +8.47% | +8.62% | +9.83% | +8.74% | +8.72% | +8.82% |
| Return on invested capital (ROIC) | +6.98% | +2.48% | +1.15% | +3.90% | +6.97% | +3.63% | +3.78% | +3.87% |
| Asset turnover | +47.27% | +36.97% | +41.92% | +46.45% | +53.81% | +45.61% | +45.77% | +46.37% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +12.79% | +5.77% | +2.36% | +7.36% | +11.26% | +6.80% | +7.00% | +7.12% |
| Asset turnover (× revenue / assets) | +47.27% | +36.97% | +41.92% | +46.45% | +53.81% | +45.61% | +45.77% | +46.37% |
| Equity multiplier (× assets / equity) | +168.95% | +174.55% | +177.78% | +175.19% | +153.37% | +173.08% | +171.12% | +172.65% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.47 | 0.37 | 0.42 | 0.46 | 0.54 | 0.46 | 0.46 | 0.46 |
| Fixed-asset turnover | 2.24 | 2.43 | 2.52 | 2.65 | 2.58 | — | — | — |
| Inventory turnover | 5.60 | 4.07 | 4.23 | 4.33 | 5.26 | — | — | — |
| Receivables turnover | 5.10 | 5.29 | 5.24 | 5.10 | 5.23 | — | — | — |
| Payables turnover | 11.24 | 10.37 | 9.67 | 11.60 | 10.89 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 71.58 | 69.06 | 69.60 | 71.62 | 69.79 | — | — | — |
| Days inventory outstanding (DIO) | 65.18 | 89.67 | 86.33 | 84.30 | 69.42 | — | — | — |
| Days payables outstanding (DPO) | 32.47 | 35.21 | 37.73 | 31.46 | 33.53 | — | — | — |
| Cash conversion cycle | 104.29 | 123.53 | 118.20 | 124.46 | 105.68 | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.74 | 2.81 | 7.07 | 2.57 | 1.87 | 2.75 | 2.76 | 2.58 |
| FCF / Net income | 1.13 | 1.63 | 3.69 | 1.62 | 1.27 | 1.66 | 1.68 | 1.65 |
| FCF margin | +14.49% | +9.41% | +8.71% | +11.93% | +14.25% | +11.29% | +11.74% | +11.74% |
| OCF margin | +22.19% | +16.21% | +16.69% | +18.94% | +21.03% | +18.68% | +19.29% | +18.34% |
| CapEx / Revenue | +7.70% | +6.81% | +7.98% | +7.01% | +6.78% | +7.36% | +7.42% | +7.21% |
| CapEx / D&A | 1.09 | 0.52 | 0.65 | 0.64 | 0.78 | — | — | — |
| Stock-based comp / Revenue | +0.84% | +1.37% | +0.86% | +1.10% | +1.05% | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 4.63 | 2.48 | 1.07 | 3.81 | 6.20 | 11.15 | 12.20 | 13.20 |
| EPS · basic | 4.66 | 2.50 | 1.07 | 3.83 | 6.24 | 11.30 | 12.35 | 13.13 |
| Book value / share | 45.30 | 66.56 | 60.72 | 63.56 | 66.78 | 81.29 | 87.19 | 90.68 |
| Tangible BV / share | -0.38 | -12.08 | 1.31 | 1.26 | 6.72 | 81.29 | 87.19 | 90.68 |
| Sales / share | 36.18 | 42.95 | 45.25 | 51.72 | 55.11 | 64.16 | 68.29 | 72.59 |
| Operating CF / share | 8.03 | 6.96 | 7.55 | 9.80 | 11.59 | 11.98 | 13.17 | 13.31 |
| Free cash flow / share | 5.24 | 4.04 | 3.94 | 6.17 | 7.85 | 7.25 | 8.02 | 8.52 |
| Dividends / share | 1.56 | 1.66 | 1.83 | 2.02 | 2.22 | 2.54 | 2.80 | 2.95 |
| Payout ratio | +33.68% | +66.90% | +171.45% | +53.03% | +35.77% | +58.08% | +58.53% | +57.10% |
| Retention ratio | +66.32% | +33.10% | -71.45% | +46.97% | +64.23% | +41.92% | +41.47% | +42.90% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | +35.91% | +7.41% | +13.28% | +6.24% | +16.55% | +6.31% | +6.20% | +12.72% |
| Gross profit · YoY | — | +40.20% | +5.19% | +11.99% | +8.32% | +16.18% | +5.63% | +4.75% | +12.63% |
| Profit | |||||||||
| Operating income · YoY | — | -12.87% | +65.57% | +5.69% | +3.65% | +20.08% | +5.01% | +6.51% | +11.35% |
| EBITDA · YoY | — | +30.42% | +33.15% | +5.09% | -3.80% | +30.22% | +6.47% | +4.10% | +14.20% |
| Net income · YoY | — | -38.63% | -56.12% | +253.40% | +62.50% | -29.56% | +9.36% | +8.00% | +3.67% |
| Operating | |||||||||
| EBIT · YoY | — | -17.74% | +73.38% | +7.09% | +4.17% | +23.92% | +2.13% | +7.40% | +11.65% |
| R&D · YoY | — | +30.66% | +13.63% | +5.28% | +3.83% | +19.11% | +5.33% | +9.58% | +12.15% |
| Per-share | |||||||||
| EPS · diluted · YoY | — | -46.44% | -56.85% | +256.07% | +62.73% | +79.82% | +9.39% | +8.24% | +16.14% |
| EPS · basic · YoY | — | -46.35% | -57.20% | +257.94% | +62.92% | +81.10% | +9.27% | +6.33% | +15.95% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $1.8B | $3.28B | $3.25B | $3.38B | $2.2B | $3.85B | $3.9B | $4.23B |
| Net debt | $1.58B | $2.93B | $3.04B | $3.18B | $2.03B | $3.6B | $3.64B | $3.94B |
| Net debt / EBITDA | 2.04 | 2.90 | 2.26 | 2.25 | 1.49 | 2.04 | 1.93 | 2.01 |
| Debt / equity | 0.46 | 0.50 | 0.53 | 0.54 | 0.33 | 0.48 | 0.45 | 0.47 |
| Debt / assets | +27.42% | +28.71% | +30.02% | +30.58% | +21.71% | +27.61% | +26.40% | +27.30% |
| Equity / assets | +59.19% | +57.29% | +56.25% | +57.08% | +65.20% | +57.78% | +58.44% | +57.92% |
| Coverage | ||||||||
| EBITDA / interest expense | 20.82 | 11.28 | 12.13 | 9.78 | 15.75 | 12.39 | 11.88 | 11.68 |
| Operating income / interest | 14.75 | 5.34 | 7.14 | 5.79 | 10.05 | 7.29 | 6.89 | 6.93 |
| Interest expense | $37.18M | $89.49M | $110.84M | $144.35M | $86.26M | $142.82M | $158.62M | $167.89M |
| Liquidity | ||||||||
| Current ratio | 2.10 | 2.04 | 2.33 | 3.08 | 1.96 | — | — | — |
| Quick ratio | 1.44 | 1.24 | 1.25 | 1.31 | 1.19 | — | — | — |
| Cash ratio | 0.38 | 0.38 | 0.24 | 0.22 | 0.17 | — | — | — |
| Working capital | $633.83M | $956.78M | $1.15B | $1.94B | $978.59M | — | — | — |
| Working capital / revenue | +20.40% | +22.65% | +25.34% | +37.71% | +17.92% | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).