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STERIS
STE · NYSEHealthcare — Medical Devices & Services
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Inputs &supplyAPIs, bioprocess, compone…Discovery &trialsR&D, partners, regulatorsManufacturingDrug substance, fill-fini…ProductsMedicines, therapies, dev…Payers &distributionWholesalers, PBMs, health…Providers &patientsHospitals, surgeons, pati…CoCobalt-60 & input suppliersACCAccelerator vendorsFDAFDA / EMA / notified bodiesASTApplied Sterilization (AST)STESTERISHCHealthcare capital & consumablesLSLife SciencesMDMedical-device makersPHPharma & biotech makersHOSPHospitals & surgery centersPTPatients
Company details
Market cap
~$22B
P/E ratio
~28×
Div yield
~0.9%
EPS (FY26, GAAP)
$7.93
Adj. EPS (FY26)
$10.17
Rev. growth
+9%
Revenue (FY26)
$5.9B
Free cash flow
$983M
In plain English
STERIS is the plumbing of infection prevention: it makes the sterilizers, surgical tables, washers and endoscope-reprocessing kit that hospitals run between every operation — and, through its contract-sterilization network, it gamma- and e-beam-sterilizes a huge share of the world's syringes, implants and surgical kits before they ever reach a patient. Built into a giant by acquisition (Synergy Health, Cantel), it sells capital equipment, the consumables that feed it, and the service contracts that keep it running.
In simple terms
What STERIS really sells
STERIS is the plumbing of infection prevention: it makes the sterilizers, surgical tables, washers and endoscope-reprocessing kit that hospitals run between every operation — and, through its contract-sterilization network, it gamma- and e-beam-sterilizes a huge share of the world's syringes, implants and surgical kits before they ever reach a patient. Built into a giant by acquisition (Synergy Health, Cantel), it sells capital equipment, the consumables that feed it, and the service contracts that keep it running.
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Risk read
Low-moderate
SteadierMore speculative
Why this rating?