STERIS plc (STE)

Pretax margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	796,207	702,810	680,266	314,503	517,533
Revenue	US$ in thousands	5,459,520	5,138,700	4,536,270	4,585,060	3,107,520
Pretax margin		14.58%	13.68%	15.00%	6.86%	16.65%

March 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $796,207K ÷ $5,459,520K
= 14.58%

The pretax margin of STERIS plc has exhibited variability over the past five years. The margin stood at 16.65% as of March 31, 2021, indicating a robust profitability level. However, there was a significant decrease in the margin to 6.86% by March 31, 2022, potentially signaling challenges or changes impacting the company's operational efficiency.

Subsequently, there was a notable recovery in the pretax margin, reaching 15.00% by March 31, 2023, reflecting an improvement in profitability. However, there was a slight decline to 13.68% by March 31, 2024, although the margin remained relatively healthy.

As of March 31, 2025, the pretax margin of STERIS plc stood at 14.58%, showing a slight uptick from the previous year. Overall, while the company experienced fluctuations in its pretax margin, it has generally maintained profitability levels above the industry average during the period under review.