STERIS plc (STE)

Operating 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
Operating income (ttm)	US$ in thousands	866,638	896,867	867,730	833,921	837,272	816,297	790,944	298,672	268,185	134,641	146,771	569,689	425,618	478,018	422,115	446,875	546,552	560,059	555,416	540,886
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
Operating profit margin		15.87%	16.61%	16.00%	15.34%	15.39%	15.10%	15.13%	5.87%	5.41%	2.81%	3.07%	11.94%	9.28%	11.25%	10.97%	13.12%	17.59%	18.32%	18.38%	18.01%

March 31, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $866,638K ÷ $5,459,510K
= 15.87%

From June 30, 2020, to March 31, 2025, STERIS plc's operating profit margin has shown fluctuations. The margin started at 18.01% in June 2020, and steadily increased to 18.38% by September 2020. It remained relatively stable around the 18% range until March 2021, where it dipped to 17.59%.

However, in the subsequent quarters, the operating profit margin experienced a decline, dropping to as low as 3.07% by September 2022. This significant decrease could indicate operational challenges or increasing costs during this period.

Subsequently, there was a partial recovery in the operating profit margin, reaching 15.13% by September 2023, followed by further improvements in the following quarters. By December 31, 2024, the operating profit margin had increased to 16.61%, showing signs of recovery and better operational efficiency.

As of March 31, 2025, the operating profit margin stood at 15.87%. Overall, the trend in the operating profit margin for STERIS plc from 2020 to 2025 reflects fluctuations with periods of decline and subsequent recovery, highlighting the company's ability to manage costs and improve profitability over time.