STERIS plc stock research
FY2026 Q4
STERIS (STE) Gross Margin & Quarterly History
Explore STERIS plc (STE) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q4
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin improved slightly from the prior quarter and more notably from a year ago, indicating that gross profit grew faster than cost of revenue.
- The strongest observable margin driver is the relationship between gross profit and cost of revenue: gross profit increased more than cost of revenue relative to both comparison periods, supporting margin expansion.
- Compared to the immediately preceding quarter, gross margin was slightly higher; compared to the same quarter one year earlier, gross margin was higher. Revenue and gross profit were higher in both comparisons, while cost of revenue was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
43.9%
Gross profit
$697.1M
Revenue
$1.6B
Cost of revenue
$891.2M
Quarter-over-quarter change
+0.1 pts
Year-over-year change
+0.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $1.4B | $628.0M | $763.1M | 45.1% |
| Sep 30, 2025 | $1.5B | $645.9M | $814.4M | 44.2% |
| Dec 31, 2025 | $1.5B | $655.5M | $840.7M | 43.8% |
| Mar 31, 2026 | $1.6B | $697.1M | $891.2M | 43.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.1 pts
Year-over-year change
Mar 31, 2025
+0.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between gross profit and cost of revenue: gross profit increased more than cost of revenue relative to both comparison periods, supporting margin expansion.
Compared to the immediately preceding quarter, gross margin was slightly higher; compared to the same quarter one year earlier, gross margin was higher. Revenue and gross profit were higher in both comparisons, while cost of revenue was also higher.
Monitor whether cost of revenue growth continues to lag behind gross profit growth, as this dynamic has supported margin improvement.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| STERIS plc (STE) | 43.9% |