MDT vs. STE: Medtronic vs. STERIS Stock Comparison

November 11, 2026

How do Medtronic (MDT) 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

Medtronic (MDT) 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.

Company profile comparison for Medtronic (MDT) and STERIS (STE)
Profile Item	MDT	STE
Name	Medtronic plc	STERIS plc
Country/Region	Ireland	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	130.22 billion USD	24.50 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 2, 1973	June 1, 1992
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MDT

STE

GSPC

Medtronic (MDT) 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 Medtronic (MDT) and STERIS (STE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Medtronic (MDT) and STERIS (STE)
Metric	MDT	STE
Total Return (1Y)	15.72%	-1.85%
Total Return (3Y, Annualized)	17.58%	9.57%
Total Return (5Y, Annualized)	-0.18%	3.26%

Risk Profile

Drawdown History

MDT

STE

GSPC

Medtronic (MDT) 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 Medtronic (MDT) and STERIS (STE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Medtronic (MDT) is heavily traded at around 16.48M shares per day, whereas STERIS (STE) sees a more moderate 694.02K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Medtronic (MDT) and STERIS (STE)
Metric	MDT	STE
Volatility (1Y, Annualized)	25.84%	26.39%
Beta (5Y)	0.53	0.81
Max Drawdown (5Y)	-39.67%	-36.18%
Avg. Volume (3M)	16.48M	694.02K

Risk-Adjusted Performance

Risk-Return Positioning

MDT 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 Medtronic (MDT) and STERIS (STE)
Metric	MDT	STE
Sharpe Ratio (1Y)	0.44	-0.23
Sortino Ratio (1Y)	0.71	-0.34

Profitability

ROE (TTM)

Both Medtronic (MDT) at 10.65% and STERIS (STE) at 11.61% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

MDT

Health Care Equipment & Services industry group

10.65%

Max: 47.61%
Q3: 14.36%
MDT: 10.65%
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%

Medtronic (MDT) 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 Medtronic (MDT) at 13.93% and STERIS (STE) at 13.41% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

MDT

Health Care Equipment & Services industry group

13.93%

Max: 29.35%
MDT: 13.93%
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%

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

Operating Margin (TTM)

Both Medtronic (MDT) at 19.33% 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.

MDT

Health Care Equipment & Services industry group

19.33%

Max: 35.43%
MDT: 19.33%
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%

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

Profitability Metrics

Profitability metrics for Medtronic (MDT) and STERIS (STE)
Metric	MDT	STE
ROE (TTM)	10.65%	11.61%
ROA (TTM)	5.12%	7.00%
Net Margin (TTM)	13.93%	13.41%
Operating Margin (TTM)	19.33%	19.18%
Gross Margin (TTM)	65.27%	44.30%

Growth

Revenue Growth

Both Medtronic (MDT) at 8.43% 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.

Medtronic (MDT) 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 Medtronic (MDT) at 3.32% is closer to the peer norm — faster per-share earnings growth for STE.

Medtronic (MDT) vs. STERIS (STE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Medtronic (MDT) and STERIS (STE)
Metric	MDT	STE
Revenue Growth (YoY)	8.43%	8.73%
Revenue Growth (3Y CAGR)	5.21%	9.38%
EPS Growth (YoY)	3.32%	27.90%
EPS Growth (3Y CAGR)	9.77%	94.97%

Financial Strength

Current Ratio (MRQ)

Both Medtronic (MDT) at 2.07 and STERIS (STE) at 2.05 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

MDT

Health Care Equipment & Services industry group

2.07

Max: 7.59
Q3: 4.00
MDT: 2.07
Median: 1.98
Q1: 1.37
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

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

Debt / Equity (MRQ)

Both Medtronic (MDT) at 0.55 and STERIS (STE) at 0.28 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

MDT

Health Care Equipment & Services industry group

0.55

Max: 1.88
Q3: 0.91
Median: 0.58
MDT: 0.55
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

Medtronic (MDT) 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 Medtronic (MDT) and STERIS (STE)
Metric	MDT	STE
Current Ratio (MRQ)	2.07	2.05
Debt / Equity (MRQ)	0.55	0.28
Net Debt / EBITDA	1.86	0.91

Dividends

Dividend Yield (TTM)

Both Medtronic (MDT) at 2.72% and STERIS (STE) at 1.02% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

MDT

Health Care Equipment & Services industry group

2.72%

MDT: 2.72%
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%

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

Dividend Payout Ratio (TTM)

Both Medtronic (MDT) at 70.02% 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.

MDT

Health Care Equipment & Services industry group

70.02%

MDT: 70.02%
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%

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

Dividend Metrics

Dividend metrics for Medtronic (MDT) and STERIS (STE)
Metric	MDT	STE
Dividend Yield (TTM)	2.72%	1.02%
Dividend Payout Ratio (TTM)	70.02%	30.61%

Valuation

P/E Ratio (TTM)

Both Medtronic (MDT) at 25.01 and STERIS (STE) at 29.93 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MDT

Health Care Equipment & Services industry group

25.01

Max: 80.41
Q3: 47.62
Median: 29.93
MDT: 25.01
Q1: 21.19
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

Medtronic (MDT) 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 Medtronic (MDT) at 3.47 and STERIS (STE) at 3.97 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

MDT

Health Care Equipment & Services industry group

3.47

Max: 8.80
Q3: 4.32
MDT: 3.47
Median: 2.13
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

Medtronic (MDT) 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 Medtronic (MDT) at 2.59 and STERIS (STE) at 3.38 are valued close to their industries’ norm against book — neither stands out from peers.

MDT

Health Care Equipment & Services industry group

2.59

Max: 11.68
Q3: 6.12
Median: 3.00
MDT: 2.59
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

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

Valuation Metrics

Valuation metrics for Medtronic (MDT) and STERIS (STE)
Metric	MDT	STE
P/E Ratio (TTM)	25.01	29.93
P/S Ratio (TTM)	3.47	3.97
P/B Ratio (MRQ)	2.59	3.38
Free Cash Flow Yield (TTM)	4.16%	3.36%