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How Steris (STE) makes money

Steris (STE) made $1.6B of revenue in the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier. Healthcare brought in $1.1B (71%); AST brought in $296M (19%); Life Sciences: brought in $171M (11%). Of every dollar of revenue, 45¢ was left as gross profit, 19¢ was left as operating profit, 13¢ was left as net earnings.

Drawing the Sankey…

Steris revenue by segment, Q2 FY27Steris revenue by segment, Q2 FY27Healthcare$1.1BAST$296MLife Sciences:$171M
Steris revenue by quarterSteris revenue by quarter$1.5BQ4 FY25$1.4BQ1 FY26$1.5BQ2 FY26$1.5BQ3 FY26$1.6BQ4 FY26$1.5BQ1 FY27$1.6BQ2 FY27
Steris: where each dollar of revenue goesSteris: where each dollar of revenue goesCost of revenue55¢Gross profit45¢Operating expenses26¢Operating profit19¢Income tax5¢Net earnings13¢Operating cash flow18¢Free cash flow13¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Healthcare$1.1B70.7%+7%+9%
AST$296M18.6%-0.7%+5%
Life Sciences:$171M10.7%+16%+18%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$1.6B100.0%
Cost of revenue$878M55.3%
Gross profit$711M44.7%
Operating expenses$416M26.2%
Operating profit$294M18.5%
Income tax$73.9M4.7%
Net earnings$214M13.5%
Operating cash flow$289M18.2%
Free cash flow$213M13.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$1.6B+9%
Q1 FY27$1.5B+7%
Q4 FY26$1.6B+7%
Q3 FY26$1.5B+9%
Q2 FY26$1.5B+10%
Q1 FY26$1.4B+9%
Q4 FY25$1.5B+4%

From Steris' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Steris make money?

Steris (STE) made $1.6B of revenue in the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier. Healthcare brought in $1.1B (71%); AST brought in $296M (19%); Life Sciences: brought in $171M (11%). Of every dollar of revenue, 45¢ was left as gross profit, 19¢ was left as operating profit, 13¢ was left as net earnings.

What is Steris' biggest business?

Healthcare: $1.1B in the second quarter fiscal 2027, 71% of revenue, +9% from a year earlier.

What is Steris' profit margin?

Net earnings were $214M, 13.5% of revenue, in the second quarter fiscal 2027; the operating margin was 18.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.