STE vs. SPH

Last updated Apr 1, 2026

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

Performance

STE vs. SPH - Performance Comparison

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

STE vs. SPH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STE STERIS plc	-12.55%	24.57%	-5.60%	20.19%	-23.43%	29.47%	25.50%	44.09%	23.66%	31.73%
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%

Fundamentals

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

Returns By Period

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

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%

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%

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

Return for Risk

STE vs. SPH — Risk / Return Rank

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

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

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

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.

STE vs. SPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STERIS plc (STE) and Suburban Propane Partners, L.P. (SPH). 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.

	STE	SPH	Difference
Sharpe ratio Return per unit of total volatility	-0.06	0.01	-0.07
Sortino ratio Return per unit of downside risk	0.11	0.16	-0.06
Omega ratio Gain probability vs. loss probability	1.01	1.02	-0.01
Calmar ratio Return relative to maximum drawdown	0.01	-0.05	+0.06
Martin ratio Return relative to average drawdown	0.02	-0.10	+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.

STE vs. SPH - Sharpe Ratio Comparison

The current STE Sharpe Ratio is -0.06, which is lower than the SPH Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of STE and SPH, 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

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

Correlation

The correlation between STE and SPH 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

STE vs. SPH - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

STE vs. SPH - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

STE vs. SPH - Volatility Comparison

STERIS plc (STE) has a higher volatility of 7.48% compared to Suburban Propane Partners, L.P. (SPH) at 5.28%. This indicates that STE's price experiences larger fluctuations and is considered to be riskier than SPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Financials

STE vs. SPH - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.