STERIS plc (STE)

Net profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	378,239	107,030	243,888	397,400	407,659
Revenue	US$ in thousands	5,138,700	4,536,270	4,585,060	3,107,520	3,030,900
Net profit margin		7.36%	2.36%	5.32%	12.79%	13.45%

March 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $378,239K ÷ $5,138,700K
= 7.36%

The net profit margin of STERIS plc has exhibited fluctuations over the past five years. In the financial year ending March 31, 2024, the company achieved a net profit margin of 7.36%, representing a notable increase from the previous year's margin of 2.36%. However, when compared to two years ago, STERIS plc's net profit margin was lower, standing at 5.32% for the financial year ending March 31, 2022.

The most substantial deviation in net profit margin occurred in the financial year ending March 31, 2021, where STERIS plc reported a margin of 12.79%. This was significantly higher than both the current year and the immediate preceding year. The margin in the financial year ending March 31, 2020, was relatively similar to the one in 2021, standing at 13.45%.

Overall, the trend in STERIS plc's net profit margin suggests variability in the company's profitability performance over the past five years, with significant fluctuations observed. Further analysis and contextual information would be necessary to understand the underlying factors driving these changes and their implications for the company's financial health.