STERIS plc (STE)

Net profit margin

		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	Mar 31, 2020	Dec 31, 2019
Net income (ttm)	US$ in thousands	378,239	566,841	549,926	119,322	107,030	-27,934	-8,139	376,957	243,888	279,070	249,948	285,995	397,400	432,546	422,975	411,886	407,659	393,815
Revenue (ttm)	US$ in thousands	5,138,700	5,000,560	4,815,270	4,777,590	4,750,690	4,680,130	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	3,030,895	2,976,117
Net profit margin		7.36%	11.34%	11.42%	2.50%	2.25%	-0.60%	-0.17%	7.90%	5.32%	6.57%	6.50%	8.39%	12.79%	14.15%	14.00%	13.72%	13.45%	13.23%

March 31, 2024 calculation

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

The net profit margin of STERIS plc has experienced fluctuations over the past few quarters. In the most recent period ending March 31, 2024, the net profit margin stood at 7.36%, showing a decrease from the previous quarter's figure of 11.34% in December 31, 2023. This decline in net profit margin may indicate challenges in controlling costs or generating sufficient revenue.

Comparing the current net profit margin to historical data, it is evident that the company has had varying levels of profitability in recent quarters. The trend shows that the net profit margin has been somewhat volatile, with fluctuations observed quarter by quarter.

It is essential for STERIS plc to closely monitor and manage its expenses and revenue generation to sustain and improve its net profit margin in the future. Analyzing the factors contributing to these fluctuations in profitability will be crucial for the company's financial health and long-term success.