STE vs. SYK

Last updated Apr 2, 2026

Compare and contrast key facts about STERIS plc (STE) and Stryker Corporation (SYK).

Performance

STE vs. SYK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STERIS plc (STE) and Stryker Corporation (SYK). The values are adjusted to include any dividend payments, if applicable.

STE vs. SYK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STE STERIS plc	-13.02%	24.57%	-5.60%	20.19%	-23.43%	29.47%	25.50%	44.09%	23.66%	31.73%
SYK Stryker Corporation	-6.03%	-1.48%	21.34%	23.80%	-7.42%	10.22%	18.17%	35.33%	2.43%	30.84%

Fundamentals

Market Cap STE : $21.73B SYK : $127.31B
EPS STE : $7.16 SYK : $8.40
PE Ratio STE : 30.70 SYK : 39.22
PEG Ratio STE : 0.57 SYK : 2.24
PS Ratio STE : 3.73 SYK : 5.07
PB Ratio STE : 3.03 SYK : 2.66
Total Revenue (TTM) STE : $5.83B SYK : $25.12B
Gross Profit (TTM) STE : $2.57B SYK : $15.91B
EBITDA (TTM) STE : $1.36B SYK : $5.67B

Returns By Period

In the year-to-date period, STE achieves a -13.02% return, which is significantly lower than SYK's -6.03% return. Both investments have delivered pretty close results over the past 10 years, with STE having a 12.98% annualized return and SYK not far ahead at 12.99%.

STE

• 1D: -0.54%
• 1M: -11.23%
• YTD: -13.02%
• 6M: -8.40%
• 1Y: -1.59%
• 3Y*: 5.79%
• 5Y*: 3.56%
• 10Y*: 12.98%

SYK

• 1D: 0.25%
• 1M: -14.66%
• YTD: -6.03%
• 6M: -9.07%
• 1Y: -10.91%
• 3Y*: 5.91%
• 5Y*: 7.38%
• 10Y*: 12.99%

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

Return for Risk

STE vs. SYK — Risk / Return Rank

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

STE

STE Risk / Return Rank: 35
STE Sharpe Ratio Rank: 37
STE Sortino Ratio Rank: 31
STE Omega Ratio Rank: 31
STE Calmar Ratio Rank: 38
STE Martin Ratio Rank: 36

SYK

SYK Risk / Return Rank: 18
SYK Sharpe Ratio Rank: 19
SYK Sortino Ratio Rank: 18
SYK Omega Ratio Rank: 18
SYK Calmar Ratio Rank: 22
SYK Martin Ratio Rank: 14

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. SYK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STERIS plc (STE) and Stryker Corporation (SYK). 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	SYK	Difference
Sharpe ratio Return per unit of total volatility	-0.06	-0.48	+0.42
Sortino ratio Return per unit of downside risk	0.10	-0.57	+0.66
Omega ratio Gain probability vs. loss probability	1.01	0.93	+0.08
Calmar ratio Return relative to maximum drawdown	-0.10	-0.57	+0.47
Martin ratio Return relative to average drawdown	-0.29	-1.30	+1.01
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. SYK - Sharpe Ratio Comparison

The current STE Sharpe Ratio is -0.06, which is higher than the SYK Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of STE and SYK, 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	SYK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.06	-0.48	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.31	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.50	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.57	-0.15

Correlation

The correlation between STE and SYK is 0.38, 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. SYK - Dividend Comparison

STE's dividend yield for the trailing twelve months is around 1.12%, more than SYK's 1.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STE STERIS plc	1.12%	0.95%	1.06%	0.90%	0.97%	0.68%	0.81%	0.93%	1.22%	1.35%	1.57%	1.27%
SYK Stryker Corporation	1.04%	0.97%	0.90%	1.02%	1.16%	0.97%	0.96%	1.02%	1.23%	1.13%	1.31%	1.52%

Drawdowns

STE vs. SYK - Drawdown Comparison

The maximum STE drawdown since its inception was -77.22%, which is greater than SYK's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for STE and SYK.

Drawdown Indicators

	STE	SYK	Difference
Max Drawdown Largest peak-to-trough decline	-77.22%	-58.63%	-18.59%
Max Drawdown (1Y) Largest decline over 1 year	-20.76%	-18.80%	-1.96%
Max Drawdown (5Y) Largest decline over 5 years	-36.18%	-31.68%	-4.50%
Max Drawdown (10Y) Largest decline over 10 years	-36.18%	-43.80%	+7.62%
Current Drawdown Current decline from peak	-17.92%	-17.76%	-0.16%
Average Drawdown Average peak-to-trough decline	-18.32%	-13.07%	-5.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.89%	8.18%	-1.29%

Volatility

STE vs. SYK - Volatility Comparison

STERIS plc (STE) and Stryker Corporation (SYK) have volatilities of 7.36% and 7.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STE	SYK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	7.46%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	17.81%	15.63%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	25.55%	22.58%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.62%	23.74%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.97%	26.06%	-1.09%

Financials

STE vs. SYK - Profitability Comparison

The chart below illustrates the profitability comparison between STERIS plc and Stryker Corporation 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%.

SYK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Stryker Corporation reported a gross profit of 4.63B and revenue of 7.17B. Therefore, the gross margin over that period was 64.5%.

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%.

SYK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Stryker Corporation reported an operating income of 1.80B and revenue of 7.17B, resulting in an operating margin of 25.2%.

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%.

SYK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Stryker Corporation reported a net income of 849.00M and revenue of 7.17B, resulting in a net margin of 11.8%.