STERIS plc (STE)

Gross profit margin

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Gross profit (ttm)	US$ in thousands	2,473,914	2,412,456	2,404,717	2,419,455	2,420,245	2,357,645	2,276,549	2,215,355	2,159,692	2,143,252	2,159,869	2,107,878	2,016,362	1,824,558	1,632,305	1,481,998	1,341,284	1,325,526	1,311,018	1,299,648
Revenue (ttm)	US$ in thousands	5,459,510	5,398,370	5,423,440	5,436,890	5,441,930	5,407,380	5,227,730	5,085,890	4,957,840	4,783,690	4,776,670	4,773,130	4,585,062	4,247,903	3,847,857	3,407,009	3,107,519	3,056,979	3,022,316	3,003,024
Gross profit margin		45.31%	44.69%	44.34%	44.50%	44.47%	43.60%	43.55%	43.56%	43.56%	44.80%	45.22%	44.16%	43.98%	42.95%	42.42%	43.50%	43.16%	43.36%	43.38%	43.28%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,473,914K ÷ $5,459,510K
= 45.31%

The gross profit margin of STERIS plc has shown a fluctuating trend over the analyzed periods. Starting at 43.28% in June 2020, the margin slightly increased to 43.38% in September 2020, before stabilizing around 43% until March 2021. From June 2021 to December 2021, there was some volatility in the margin, ranging from 42.42% to 42.95%.

In the subsequent periods, the trend started to improve, with the margin increasing to 45.22% by September 2022. This positive momentum continued until reaching a peak of 45.31% in March 2025. Overall, the company has demonstrated an ability to maintain and improve its gross profit margin over the analyzed period, indicating effective cost management, pricing strategies, and potentially improved operational efficiencies. However, stakeholders should continue monitoring this metric to ensure sustained profitability in the future.