STERIS (STE)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $20.8B, STERIS's free cash flow of $972M (fiscal 2026) would need to grow about 6% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from STERIS's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from STE's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from STERIS's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.5B | $5.1B | $5.5B | $5.9B |
| Net income | $244M | $107M | $378M | $615M | $782M |
| Free cash flow | $397M | $395M | $613M | $778M | $972M |
| EPS (diluted) | $2.48 | $1.07 | $3.81 | $6.20 | $7.93 |
| Operating margin | 11.3% | 17.4% | 16.3% | 15.9% | 18.6% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own STE
From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $286M | 0.10% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $62M | 0.14% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $45M | 0.04% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Held | $18M | 0.16% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Added | $20,005 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by STERIS's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 16, 2026 | April Mcclain Delaney |
0 | $219.18 | — |
| Mar 16, 2026 | April Mcclain Delaney |
0 | $219.18 | — |
| Feb 10, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $244.74 | — |
| Feb 10, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $244.74 | — |
| Feb 6, 2026 | April Mcclain Delaney |
0 | $252.25 | — |
| Feb 6, 2026 | April Mcclain Delaney |
0 | $252.25 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $261.86 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $261.86 | — |
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In the full deep dive
Questions
What growth does STERIS's stock price imply?
At a market value of $20.8B, STERIS would need its free cash flow to grow about 6% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 16% a year.
Are STERIS insiders buying the stock?
8 open-market insider purchases of STE in the last 12 months, from SEC Form 4 filings.
Which superinvestors own STERIS?
5 of the superinvestors Investingly tracks hold STE in their latest 13F, including Cliff Asness, Joel Greenblatt, Hersh Cohen.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.