STERIS plc (STE)

Gross profit margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Gross profit	US$ in thousands	2,402,760	2,236,480	1,980,730	2,016,360	1,343,100
Revenue	US$ in thousands	5,459,520	5,138,700	4,536,270	4,585,060	3,107,520
Gross profit margin		44.01%	43.52%	43.66%	43.98%	43.22%

March 31, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,402,760K ÷ $5,459,520K
= 44.01%

Based on the data provided, the gross profit margin of STERIS plc has shown a relatively stable performance over the five-year period from March 31, 2021, to March 31, 2025. The gross profit margin has exhibited minor fluctuations within a narrow range, starting at 43.22% in 2021 and reaching its peak at 44.01% in 2025.

This consistency in the gross profit margin suggests that STERIS plc has been effectively managing its production costs and maintaining a healthy level of profitability in its core operations. A rising gross profit margin indicates that the company is achieving a higher percentage of profit from its revenue after deducting direct costs of goods sold.

Overall, the stable and slightly improving trend in STERIS plc's gross profit margin reflects positively on the company's ability to generate profits from its primary business activities while potentially indicating effective cost control measures and pricing strategies.