Company / Gross Margin
Steris Gross Margin History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
44.0%
FY2024
5-year range
43.2% / 44.6%
FY2020-FY2024
Trend
+1.9%
vs FY2023
Sector context
#67 of 91
Health Care
What the data says
At 44.0%, Steris's gross margin ranks #67 of 91 in the Health Care sector. Gross Margin returned to growth in FY2024 after 2 years of decline, reaching 44.0%.
Based on SEC 10-K filings.
44.0% in FY2024 with a 5-year CAGR of +0.5%.
Remained stable around 44.0% over the past 2 years.
Health Care sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -0.6pp
- 5-Year Change
- +0.5pp
- 10-Year Change
- -
Sector benchmark
#67 of 91 in Health CareTop 74% of 91This company 44.0% Sector average 53.8%
▼
-18.2% below sector average
Key checks
Key Insights
- In FY2024, gross margin increased 1.9% year-over-year.
- Currently 9.8pp below the Health Care sector average.
- Peak gross margin was recorded in FY2021.
- Lowest gross margin in the period was in FY2016.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 1.06 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | 44.0% | +1.9% |
| FY2023 | 43.2% | -1.1% |
| FY2022 | 43.7% | -2.1% |
| FY2021 | 44.6% | +3.2% |
| FY2020 | 43.2% | -0.8% |
| FY2019 | 43.5% | +3.1% |
| FY2018 | 42.2% | +0.5% |
| FY2017 | 42.0% | +7.0% |
| FY2016 | 39.3% | - |
As of FY2024 · SEC 10-K · Updated Mar 13, 2026