What is STERIS's operating margin?

Latest reported operating margin for STERIS (STE) is 18.56% as of the trailing twelve months (TTM) ending March 31, 2026.

How has STERIS operating margin changed year-over-year?

STERIS (STE) operating margin changed +2.7 percentage points year-over-year on the latest annual filing.

When did STERIS operating margin hit its highest annual value?

STERIS operating margin reached its highest annual value of 18.56% in 2026.

What was STERIS operating margin in 2025?

STERIS (STE) operating margin in 2025 was 15.87%.

What was STERIS operating margin in 2026?

STERIS (STE) operating margin in 2026 was 18.56%.

STERIS (STE) Operating Margin — Annual & Quarterly

TTM

18.6%

YoY change

+2.69pp

Trough year (1992)

0.0%

Peak year (2026)

18.6%

Operating Margin history chart for STERIS (STE) from 1991 to 2026

Latest: 18.6%

Operating Margin change chart for STERIS (STE) from 1991 to 2026

Latest: +2.69pp

Operating Margin history table for STERIS (STE) from 1991 to 2026


2026	18.6%	+2.69pp	Mar 31, 2026	May 29, 2026
2025	15.9%	-0.40pp	Mar 31, 2025	May 29, 2025
2024	16.3%	-1.17pp	Mar 31, 2024	May 29, 2024
2023	17.4%	+6.13pp	Mar 31, 2023	May 26, 2023
2022	11.3%	-6.33pp	Mar 31, 2022	May 31, 2022
2021	17.6%	-0.07pp	Mar 31, 2021	May 28, 2021
2020	17.7%	+2.95pp	Mar 31, 2020	May 29, 2020
2019	14.8%	-0.49pp	Mar 31, 2019	May 30, 2019
2018	15.3%	+6.60pp	Mar 31, 2018	Mar 31, 2018
2017	8.7%	-0.85pp	Mar 31, 2017	Mar 31, 2017
2016	9.5%	-2.77pp	Mar 31, 2016	Mar 31, 2016
2015	12.3%	-0.47pp	Mar 31, 2015	Mar 31, 2015
2014	12.7%	-3.42pp	Mar 31, 2014	Mar 31, 2014
2013	16.2%	+0.37pp	Mar 31, 2013	Mar 31, 2013
2012	15.8%	+8.75pp	Mar 31, 2012	Mar 31, 2012
2011	7.1%	-9.14pp	Mar 31, 2011	Mar 31, 2011
2010	16.2%	+2.69pp	Mar 31, 2010	Mar 31, 2010
2009	13.5%	+3.75pp	Mar 31, 2009	Mar 31, 2009
2008	9.8%	-1.73pp	Mar 31, 2008	Mar 31, 2008
2007	11.5%	+2.05pp	Mar 31, 2007	Mar 31, 2007
2006	9.5%	-3.61pp	Mar 31, 2006	Mar 31, 2006
2005	13.1%	+0.59pp	Mar 31, 2005	Mar 31, 2005
2004	12.5%	-0.46pp	Mar 31, 2004	Mar 31, 2004
2003	12.9%	+3.64pp	Mar 31, 2003	Mar 31, 2003
2002	9.3%	+6.28pp	Mar 31, 2002	Mar 31, 2002
2001	3.0%	-0.88pp	Mar 31, 2001	Mar 31, 2001
2000	3.9%	-13.20pp	Mar 31, 2000	Mar 31, 2000
1999	17.1%	+1.44pp	Mar 31, 1999	Mar 31, 1999
1998	15.7%	+1.30pp	Mar 31, 1998	Mar 31, 1998
1997	14.4%	+1.30pp	Mar 31, 1997	Mar 31, 1997
1996	13.1%	+1.00pp	Mar 31, 1996	Mar 31, 1996
1995	12.1%	-5.41pp	Mar 31, 1995	Mar 31, 1995
1994	17.5%	+8.85pp	Mar 31, 1994	Mar 31, 1994
1993	8.6%	+8.61pp	Mar 31, 1993	Mar 31, 1993
1992	0.0%	-2.27pp	Mar 31, 1992	Mar 31, 1992
1991	2.3%	—	Mar 31, 1991	Mar 31, 1991

202618.6%+2.69pp
202515.9%-0.40pp
202416.3%-1.17pp
202317.4%+6.13pp
202211.3%-6.33pp
202117.6%-0.07pp
202017.7%+2.95pp
201914.8%-0.49pp
201815.3%+6.60pp
20178.7%-0.85pp
20169.5%-2.77pp
201512.3%-0.47pp
201412.7%-3.42pp
201316.2%+0.37pp
201215.8%+8.75pp
20117.1%-9.14pp
201016.2%+2.69pp
200913.5%+3.75pp
20089.8%-1.73pp
200711.5%+2.05pp
20069.5%-3.61pp
200513.1%+0.59pp
200412.5%-0.46pp
200312.9%+3.64pp
20029.3%+6.28pp
20013.0%-0.88pp
20003.9%-13.20pp
199917.1%+1.44pp
199815.7%+1.30pp
199714.4%+1.30pp
199613.1%+1.00pp
199512.1%-5.41pp
199417.5%+8.85pp
19938.6%+8.61pp
19920.0%-2.27pp
19912.3%—

Operating Margin values are taken from STERIS's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at STERIS (STE)

According to STERIS's latest reported financial statements, the company's latest reported operating margin is 18.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending March 31, 2026 (reported May 29, 2026). Chart and table below cover the full reported history back to 1991.

As of the 2026 fiscal year, STERIS (STE) reported operating margin of 18.56% – expanded 2.7 percentage points year-over-year.

The highest annual operating margin of 18.56% was reported in 2026. The lowest in the available history was 0.00% in 1992.

STERIS Operating Margin by Year

STERIS Operating Margin 2026: 18.6%

STERIS operating margin in 2026 was 18.56%, expanded 2.7 percentage points from 2025. This figure represents the highest annual value in the available history.

STERIS Operating Margin 2025: 15.9%

2025's operating margin for STERIS came in at 15.87%, contracted 0.4 percentage points from 2024.

STERIS Operating Margin 2024: 16.3%

STERIS posted operating margin of 16.27% in 2024, contracted 1.2 percentage points from 2023.

STERIS Operating Margin 2023: 17.4%

In 2023, STERIS reported operating margin of 17.44%, expanded 6.1 percentage points from 2022.

STERIS Operating Margin 2022: 11.3%

STERIS operating margin in 2022 was 11.31%.

See more financial history for STERIS (STE).

Sector peers by Operating Margin

Healthcare peers of STERIS (STE), ranked by their latest operating margin


Eli Lilly (LLY)	45.9%
Novo Nordisk (NVO)	45.3%
Amgen (AMGN)	31.6%
AbbVie (ABBV)	27.6%
Merck & Co. (MRK)	27.6%
Johnson & Johnson (JNJ)	26.4%
AstraZeneca (AZN)	23.7%
UnitedHealth Group (UNH)	4.2%

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