GEHC vs. STE: GE HealthCare vs. STERIS Stock Comparison

November 11, 2026

How do GE HealthCare (GEHC) and STERIS (STE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

GE HealthCare (GEHC) and STERIS (STE) are both classified in the Health Care Equipment sub-industry within the broader Health Care Equipment & Supplies industry, placing them in the closest GICS peer bucket.

STERIS (STE) has more than two decades of public-market history since June 1, 1992, whereas GE HealthCare (GEHC) listed on December 15, 2022 and has a much shorter record to draw on.

Company profile comparison for GE HealthCare (GEHC) and STERIS (STE)
Profile Item	GEHC	STE
Name	GE HealthCare Technologies Inc.	STERIS plc
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Equipment	Health Care Equipment
Market Capitalization	37.25 billion USD	24.50 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	December 15, 2022	June 1, 1992
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GEHC

STE

GSPC

GE HealthCare (GEHC) vs. STERIS (STE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for GE HealthCare (GEHC) and STERIS (STE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for GE HealthCare (GEHC) and STERIS (STE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for GE HealthCare (GEHC) and STERIS (STE)
Metric	GEHC	STE
Total Return (1Y)	14.21%	-1.85%
Total Return (3Y, Annualized)	7.01%	9.57%
Total Return (5Y, Annualized)	--	3.26%

Risk Profile

Drawdown History

GEHC

STE

GSPC

GE HealthCare (GEHC) vs. STERIS (STE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for GE HealthCare (GEHC) and STERIS (STE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for GE HealthCare (GEHC) and STERIS (STE)
Metric	GEHC	STE
Volatility (1Y, Annualized)	35.93%	26.39%
Beta (5Y)	0.69	0.81
Max Drawdown (5Y)	-37.35%	-36.18%
Avg. Volume (3M)	3.56M	694.02K

Risk-Adjusted Performance

Risk-Return Positioning

GEHC and STE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for GE HealthCare (GEHC) and STERIS (STE)
Metric	GEHC	STE
Sharpe Ratio (1Y)	0.28	-0.23
Sortino Ratio (1Y)	0.41	-0.34

Profitability

ROE (TTM)

GE HealthCare (GEHC) at 20.01% sits in the top ROE quartile, while STERIS (STE) at 11.61% is closer to the peer norm — stronger capital efficiency for GEHC.

GEHC

Health Care Equipment & Services industry group

20.01%

Max: 47.61%
GEHC: 20.01%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

STE

Health Care Equipment & Services industry group

11.61%

Max: 47.61%
Q3: 14.36%
STE: 11.61%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both GE HealthCare (GEHC) at 9.95% and STERIS (STE) at 13.41% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

GEHC

Health Care Equipment & Services industry group

9.95%

Max: 29.35%
GEHC: 9.95%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

STE

Health Care Equipment & Services industry group

13.41%

Max: 29.35%
STE: 13.41%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both GE HealthCare (GEHC) at 15.33% and STERIS (STE) at 19.18% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

GEHC

Health Care Equipment & Services industry group

15.33%

Max: 35.43%
GEHC: 15.33%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

STE

Health Care Equipment & Services industry group

19.18%

Max: 35.43%
STE: 19.18%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for GE HealthCare (GEHC) and STERIS (STE)
Metric	GEHC	STE
ROE (TTM)	20.01%	11.61%
ROA (TTM)	4.99%	7.00%
Net Margin (TTM)	9.95%	13.41%
Operating Margin (TTM)	15.33%	19.18%
Gross Margin (TTM)	39.29%	44.30%

Growth

Revenue Growth

Both GE HealthCare (GEHC) at 4.84% and STERIS (STE) at 8.73% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their Revenue Growth across different time periods.

EPS Growth

STERIS (STE) at 27.90% sits in the top EPS growth quartile, while GE HealthCare (GEHC) at 4.84% is closer to the peer norm — faster per-share earnings growth for STE.

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for GE HealthCare (GEHC) and STERIS (STE)
Metric	GEHC	STE
Revenue Growth (YoY)	4.84%	8.73%
Revenue Growth (3Y CAGR)	3.99%	9.38%
EPS Growth (YoY)	4.84%	27.90%
EPS Growth (3Y CAGR)	-0.58%	94.97%

Financial Strength

Current Ratio (MRQ)

STERIS (STE) at 2.05 keeps current ratio within its industry’s typical mid-range, while GE HealthCare (GEHC) at 1.30 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for GEHC.

GEHC

Health Care Equipment & Services industry group

1.30

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
GEHC: 1.30
Min: 0.30

STE

Health Care Equipment & Services industry group

2.05

Max: 7.59
Q3: 4.00
STE: 2.05
Median: 1.98
Q1: 1.37
Min: 0.30

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both GE HealthCare (GEHC) at 0.88 and STERIS (STE) at 0.28 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

GEHC

Health Care Equipment & Services industry group

0.88

Max: 1.88
Q3: 0.91
GEHC: 0.88
Median: 0.58
Q1: 0.16
Min: 0.00

STE

Health Care Equipment & Services industry group

0.28

Max: 1.88
Q3: 0.91
Median: 0.58
STE: 0.28
Q1: 0.16
Min: 0.00

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for GE HealthCare (GEHC) and STERIS (STE)
Metric	GEHC	STE
Current Ratio (MRQ)	1.30	2.05
Debt / Equity (MRQ)	0.88	0.28
Net Debt / EBITDA	2.11	0.91

Dividends

Dividend Yield (TTM)

Both GE HealthCare (GEHC) at 0.17% and STERIS (STE) at 1.02% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

GEHC

Health Care Equipment & Services industry group

0.17%

GEHC: 0.17%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

STE

Health Care Equipment & Services industry group

1.02%

STE: 1.02%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both GE HealthCare (GEHC) at 2.96% and STERIS (STE) at 30.61% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

GEHC

Health Care Equipment & Services industry group

2.96%

GEHC: 2.96%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

STE

Health Care Equipment & Services industry group

30.61%

STE: 30.61%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for GE HealthCare (GEHC) and STERIS (STE)
Metric	GEHC	STE
Dividend Yield (TTM)	0.17%	1.02%
Dividend Payout Ratio (TTM)	2.96%	30.61%

Valuation

P/E Ratio (TTM)

GE HealthCare (GEHC) at 17.42 sits in the cheaper P/E ratio quartile, while STERIS (STE) at 29.93 is closer to its industry’s usual earnings multiple — a discount for GEHC, though growth and earnings durability still matter.

GEHC

Health Care Equipment & Services industry group

17.42

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
GEHC: 17.42
Min: 4.21

STE

Health Care Equipment & Services industry group

29.93

Max: 80.41
Q3: 47.62
STE: 29.93
Median: 29.93
Q1: 21.19
Min: 4.21

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both GE HealthCare (GEHC) at 1.72 and STERIS (STE) at 3.97 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

GEHC

Health Care Equipment & Services industry group

1.72

Max: 8.80
Q3: 4.32
Median: 2.13
GEHC: 1.72
Q1: 1.10
Min: 0.03

STE

Health Care Equipment & Services industry group

3.97

Max: 8.80
Q3: 4.32
STE: 3.97
Median: 2.13
Q1: 1.10
Min: 0.03

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both GE HealthCare (GEHC) at 3.21 and STERIS (STE) at 3.38 are valued close to their industries’ norm against book — neither stands out from peers.

GEHC

Health Care Equipment & Services industry group

3.21

Max: 11.68
Q3: 6.12
GEHC: 3.21
Median: 3.00
Q1: 1.73
Min: -1.31

STE

Health Care Equipment & Services industry group

3.38

Max: 11.68
Q3: 6.12
STE: 3.38
Median: 3.00
Q1: 1.73
Min: -1.31

GE HealthCare (GEHC) vs. STERIS (STE): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for GE HealthCare (GEHC) and STERIS (STE)
Metric	GEHC	STE
P/E Ratio (TTM)	17.42	29.93
P/S Ratio (TTM)	1.72	3.97
P/B Ratio (MRQ)	3.21	3.38
Free Cash Flow Yield (TTM)	4.92%	3.36%