SPH vs. STE

Last updated Apr 1, 2026

Compare and contrast key facts about Suburban Propane Partners, L.P. (SPH) and STERIS plc (STE).

Performance

SPH vs. STE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Suburban Propane Partners, L.P. (SPH) and STERIS plc (STE). The values are adjusted to include any dividend payments, if applicable.

SPH vs. STE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPH Suburban Propane Partners, L.P.	7.94%	15.20%	3.84%	26.96%	12.28%	6.85%	-24.02%	25.55%	-11.75%	-9.09%
STE STERIS plc	-12.55%	24.57%	-5.60%	20.19%	-23.43%	29.47%	25.50%	44.09%	23.66%	31.73%

Fundamentals

Market Cap SPH : $1.31B STE : $21.85B
EPS SPH : $2.02 STE : $7.16
PE Ratio SPH : 9.76 STE : 30.87
PEG Ratio SPH : 16.10 STE : 0.57
PS Ratio SPH : 0.91 STE : 3.75
PB Ratio SPH : 2.09 STE : 3.05
Total Revenue (TTM) SPH : $1.43B STE : $5.83B
Gross Profit (TTM) SPH : $604.61M STE : $2.57B
EBITDA (TTM) SPH : $283.12M STE : $1.36B

Returns By Period

In the year-to-date period, SPH achieves a 7.94% return, which is significantly higher than STE's -12.55% return. Over the past 10 years, SPH has underperformed STE with an annualized return of 5.38%, while STE has yielded a comparatively higher 13.04% annualized return.

SPH

• 1D: -2.57%
• 1M: -3.00%
• YTD: 7.94%
• 6M: 9.25%
• 1Y: 0.27%
• 3Y*: 16.75%
• 5Y*: 13.77%
• 10Y*: 5.38%

STE

• 1D: 0.80%
• 1M: -12.37%
• YTD: -12.55%
• 6M: -10.19%
• 1Y: -1.46%
• 3Y*: 5.98%
• 5Y*: 3.67%
• 10Y*: 13.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SPH vs. STE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPH

SPH Risk / Return Rank: 38
SPH Sharpe Ratio Rank: 41
SPH Sortino Ratio Rank: 34
SPH Omega Ratio Rank: 34
SPH Calmar Ratio Rank: 40
SPH Martin Ratio Rank: 40

STE

STE Risk / Return Rank: 38
STE Sharpe Ratio Rank: 39
STE Sortino Ratio Rank: 33
STE Omega Ratio Rank: 32
STE Calmar Ratio Rank: 42
STE Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPH vs. STE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Suburban Propane Partners, L.P. (SPH) and STERIS plc (STE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SPH	STE	Difference
Sharpe ratio Return per unit of total volatility	0.01	-0.06	+0.07
Sortino ratio Return per unit of downside risk	0.16	0.11	+0.06
Omega ratio Gain probability vs. loss probability	1.02	1.01	+0.01
Calmar ratio Return relative to maximum drawdown	-0.05	0.01	-0.06
Martin ratio Return relative to average drawdown	-0.10	0.02	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPH vs. STE - Sharpe Ratio Comparison

The current SPH Sharpe Ratio is 0.01, which is higher than the STE Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of SPH and STE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPH	STE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	-0.06	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.14	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.52	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.42	-0.07

Correlation

The correlation between SPH and STE is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPH vs. STE - Dividend Comparison

SPH's dividend yield for the trailing twelve months is around 6.60%, more than STE's 1.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPH Suburban Propane Partners, L.P.	6.60%	7.01%	7.56%	7.32%	8.56%	8.53%	12.11%	10.98%	12.45%	13.47%	11.81%	14.55%
STE STERIS plc	1.11%	0.95%	1.06%	0.90%	0.97%	0.68%	0.81%	0.93%	1.22%	1.35%	1.57%	1.27%

Drawdowns

SPH vs. STE - Drawdown Comparison

The maximum SPH drawdown since its inception was -60.60%, smaller than the maximum STE drawdown of -77.22%. Use the drawdown chart below to compare losses from any high point for SPH and STE.

Drawdown Indicators

	SPH	STE	Difference
Max Drawdown Largest peak-to-trough decline	-60.60%	-77.22%	+16.62%
Max Drawdown (1Y) Largest decline over 1 year	-16.57%	-20.76%	+4.19%
Max Drawdown (5Y) Largest decline over 5 years	-20.01%	-36.18%	+16.17%
Max Drawdown (10Y) Largest decline over 10 years	-56.96%	-36.18%	-20.78%
Current Drawdown Current decline from peak	-5.11%	-17.48%	+12.37%
Average Drawdown Average peak-to-trough decline	-12.65%	-18.32%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.51%	6.80%	+2.71%

Volatility

SPH vs. STE - Volatility Comparison

The current volatility for Suburban Propane Partners, L.P. (SPH) is 5.28%, while STERIS plc (STE) has a volatility of 7.48%. This indicates that SPH experiences smaller price fluctuations and is considered to be less risky than STE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPH	STE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	7.48%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	12.87%	17.83%	-4.96%
Volatility (1Y) Calculated over the trailing 1-year period	22.36%	25.59%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.52%	25.62%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.16%	24.97%	+4.19%

Financials

SPH vs. STE - Profitability Comparison

The chart below illustrates the profitability comparison between Suburban Propane Partners, L.P. and STERIS plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SPH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Suburban Propane Partners, L.P. reported a gross profit of 94.59M and revenue of 370.39M. Therefore, the gross margin over that period was 25.5%.

STE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, STERIS plc reported a gross profit of 655.50M and revenue of 1.50B. Therefore, the gross margin over that period was 43.8%.

SPH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Suburban Propane Partners, L.P. reported an operating income of 66.72M and revenue of 370.39M, resulting in an operating margin of 18.0%.

STE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, STERIS plc reported an operating income of 271.00M and revenue of 1.50B, resulting in an operating margin of 18.1%.

SPH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Suburban Propane Partners, L.P. reported a net income of 45.78M and revenue of 370.39M, resulting in a net margin of 12.4%.

STE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, STERIS plc reported a net income of 192.80M and revenue of 1.50B, resulting in a net margin of 12.9%.