Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 32%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%

Low stock price volatility
Vol 12M is 39%

Megatrend and thematic drivers
Megatrends include Global Healthcare Product Safety & Compliance. Themes include Medical Device Sterilization, Biopharmaceutical Testing & Safety, and Advanced Diagnostics Support.

Weak multi-year price returns
3Y Excs Rtn is -53%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 42x

Key risks
SHC key risks include [1] significant financial liabilities from extensive litigation and regulatory scrutiny over its ethylene oxide emissions and [2] a high debt load that limits financial flexibility.

0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 32%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%
2 Low stock price volatility
Vol 12M is 39%
3 Megatrend and thematic drivers
Megatrends include Global Healthcare Product Safety & Compliance. Themes include Medical Device Sterilization, Biopharmaceutical Testing & Safety, and Advanced Diagnostics Support.
4 Weak multi-year price returns
3Y Excs Rtn is -53%
5 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 42x
6 Key risks
SHC key risks include [1] significant financial liabilities from extensive litigation and regulatory scrutiny over its ethylene oxide emissions and [2] a high debt load that limits financial flexibility.

SHC in ETFs

Weight = SHC's share of each fund

VTI0.01%
ITOT0.01%
IWB0.01%
IJH0.10%
VB0.05%
MDYG0.22%
IJK0.20%
NUSC0.13%
+19 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/24/2026

Sotera Health (SHC) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Sotera Health exceeded financial expectations in fiscal Q1 2026 and reaffirmed its strong full-year outlook.

The company reported its fiscal Q1 2026 results on May 5, 2026, with adjusted earnings per share (EPS) of $0.18, surpassing the Zacks Consensus Estimate of $0.17 by 5.88%. Revenues reached $280.05 million, exceeding analyst expectations of $270.78 million by 3.42%. Furthermore, net revenues increased by 10.0% (6.5% on a constant currency basis) compared to fiscal Q1 2025, and Adjusted EBITDA grew by 10.5% (6.9% on a constant currency basis). Sotera Health also reaffirmed its full-year 2026 guidance, projecting net revenues growth of 5.0% to 6.5% and Adjusted EBITDA growth of 5.5% to 7.0%, both on a constant currency basis.

2. Favorable developments in ethylene oxide (EO) litigation reduced a significant legal overhang.

In May 2026, S&P Global Ratings noted that recent favorable court decisions related to ethylene oxide (EtO) emissions increased the likelihood of manageable future litigation-related payments. This included the dismissal of all eight bellwether cases in Georgia litigation, subject to appeal, which was highlighted as a key development. This progress in resolving ongoing legal challenges likely instilled greater investor confidence by mitigating a major source of uncertainty.

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Updated on 6/24/2026

Sotera Health (SHC) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Sotera Health exceeded financial expectations in fiscal Q1 2026 and reaffirmed its strong full-year outlook.

The company reported its fiscal Q1 2026 results on May 5, 2026, with adjusted earnings per share (EPS) of $0.18, surpassing the Zacks Consensus Estimate of $0.17 by 5.88%. Revenues reached $280.05 million, exceeding analyst expectations of $270.78 million by 3.42%. Furthermore, net revenues increased by 10.0% (6.5% on a constant currency basis) compared to fiscal Q1 2025, and Adjusted EBITDA grew by 10.5% (6.9% on a constant currency basis). Sotera Health also reaffirmed its full-year 2026 guidance, projecting net revenues growth of 5.0% to 6.5% and Adjusted EBITDA growth of 5.5% to 7.0%, both on a constant currency basis.

2. Favorable developments in ethylene oxide (EO) litigation reduced a significant legal overhang.

In May 2026, S&P Global Ratings noted that recent favorable court decisions related to ethylene oxide (EtO) emissions increased the likelihood of manageable future litigation-related payments. This included the dismissal of all eight bellwether cases in Georgia litigation, subject to appeal, which was highlighted as a key development. This progress in resolving ongoing legal challenges likely instilled greater investor confidence by mitigating a major source of uncertainty.

3. Analyst ratings and price targets for Sotera Health were raised, signaling increased confidence.

Several analyst firms revised their outlook on Sotera Health's stock during the period. On June 24, 2026, Barclays raised its price target to $19 from $18 while maintaining an "Overweight" rating. Goldman Sachs initiated coverage with a "Buy" rating and a $20 price target on June 5, 2026. Additionally, Piper Sandler reiterated a "Buy" rating on May 6, 2026, with a price target adjusted to $22. The consensus rating from analysts is "Buy," with an average price target ranging from $19.85 to $20.29.

4. The company's credit outlook was upgraded due to strengthening financial metrics and deleveraging progress.

On May 19, 2026, S&P Global Ratings revised Sotera Health's outlook to "Positive" from "Stable," affirming its 'BB-' rating. This upgrade was attributed to the company's strong performance in 2025 and fiscal Q1 2026, and expectations for continued solid performance. The rating agency anticipates that S&P Global Ratings-adjusted leverage will decline to approximately 3.3x in 2026, an improvement from 4.2x in 2025. Sotera Health concluded fiscal Q1 2026 with a net leverage ratio of 3.2 times, moving closer to its long-term target range of 2 to 3 times.

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Stock Movement Drivers

Fundamental Drivers

The 7.0% change in SHC stock from 2/28/2026 to 6/26/2026 was primarily driven by a 47.9% change in the company's Net Income Margin (%).
(LTM values as of)22820266262026Change
Stock Price ($)16.2517.387.0%
Change Contribution By: 
Total Revenues ($ Mil)1,1641,1892.2%
Net Income Margin (%)6.7%9.9%47.9%
P/E Multiple59.342.0-29.1%
Shares Outstanding (Mil)284285-0.2%
Cumulative Contribution7.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/26/2026
ReturnCorrelation
SHC7.0% 
Market (SPY)6.6%54.4%
Sector (XLV)0.5%54.5%

Fundamental Drivers

The -0.6% change in SHC stock from 11/30/2025 to 6/26/2026 was primarily driven by a -53.1% change in the company's P/E Multiple.
(LTM values as of)113020256262026Change
Stock Price ($)17.4817.38-0.6%
Change Contribution By: 
Total Revenues ($ Mil)1,1501,1893.4%
Net Income Margin (%)4.8%9.9%105.6%
P/E Multiple89.642.0-53.1%
Shares Outstanding (Mil)284285-0.3%
Cumulative Contribution-0.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/26/2026
ReturnCorrelation
SHC-0.6% 
Market (SPY)7.3%49.9%
Sector (XLV)2.6%48.4%

Fundamental Drivers

The 42.0% change in SHC stock from 5/31/2025 to 6/26/2026 was primarily driven by a 341.8% change in the company's Net Income Margin (%).
(LTM values as of)53120256262026Change
Stock Price ($)12.2417.3842.0%
Change Contribution By: 
Total Revenues ($ Mil)1,1071,1897.4%
Net Income Margin (%)2.2%9.9%341.8%
P/E Multiple139.942.0-69.9%
Shares Outstanding (Mil)284285-0.5%
Cumulative Contribution42.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/26/2026
ReturnCorrelation
SHC42.0% 
Market (SPY)25.1%39.1%
Sector (XLV)23.0%41.0%

Fundamental Drivers

The 23.3% change in SHC stock from 5/31/2023 to 6/26/2026 was primarily driven by a 20.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120236262026Change
Stock Price ($)14.0917.3823.3%
Change Contribution By: 
Total Revenues ($ Mil)9881,18920.4%
P/S Multiple4.04.24.0%
Shares Outstanding (Mil)281285-1.5%
Cumulative Contribution23.3%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/26/2026
ReturnCorrelation
SHC23.3% 
Market (SPY)81.3%39.3%
Sector (XLV)31.9%37.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SHC Return-14%-65%102%-19%29%-3%-38%
Peers Return46%-25%4%-4%16%3%31%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
SHC Win Rate50%33%50%50%58%67% 
Peers Win Rate73%40%44%46%55%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SHC Max Drawdown-28%-75%-35%-38%-30%-32% 
Peers Max Drawdown-16%-38%-25%-20%-22%-22% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: STE, SOLV, CRL, LH, DGX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)

How Low Can It Go

EventSHCS&P 500
2025 US Tariff Shock
  % Loss-28.1%-18.8%
  % Gain to Breakeven39.1%23.1%
  Time to Breakeven122 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-33.0%-9.5%
  % Gain to Breakeven49.3%10.5%
  Time to Breakeven802 days24 days
2023 SVB Regional Banking Crisis
  % Loss-17.0%-6.7%
  % Gain to Breakeven20.5%7.1%
  Time to Breakeven23 days31 days

Compare to STE, SOLV, CRL, LH, DGX

In The Past

Sotera Health's stock fell -28.1% during the 2025 US Tariff Shock. Such a loss loss requires a 39.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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EventSHCS&P 500
2025 US Tariff Shock
  % Loss-28.1%-18.8%
  % Gain to Breakeven39.1%23.1%
  Time to Breakeven122 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-33.0%-9.5%
  % Gain to Breakeven49.3%10.5%
  Time to Breakeven802 days24 days

Compare to STE, SOLV, CRL, LH, DGX

In The Past

Sotera Health's stock fell -28.1% during the 2025 US Tariff Shock. Such a loss loss requires a 39.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Sotera Health (SHC)

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Sotera Health Company (SHC) is a global provider of essential health and safety solutions, primarily focused on protecting and ensuring the integrity of healthcare products and other sensitive materials. The company operates through three main service lines: sterilization services, lab testing, and advisory services, all designed to help industries meet stringent safety standards and regulatory requirements worldwide.

A key aspect of Sotera Health's offering is its sterilization services, which utilize advanced technologies such as gamma and electron beam irradiation, alongside ethylene oxide (EO) processing. These methods are crucial for sterilizing medical devices, pharmaceuticals, and various other products to ensure they are safe for use. Complementing this, its Nelson Labs division delivers comprehensive microbiological and analytical chemistry testing, which is vital for validating product safety, quality, and efficacy before they reach consumers.

Beyond sterilization and testing, Sotera Health also provides specialized advisory services tailored for the medical device and biopharmaceutical industries, assisting clients with regulatory compliance, product development, and market entry strategies. The company serves a broad and critical customer base that includes the medical device, pharmaceutical, food and agricultural product, and various advanced and specialty application industries, positioning itself as a crucial partner in maintaining public health and product quality across diverse sectors.

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AI Analysis | Feedback

Analogies for Sotera Health (SHC):
  1. Sotera Health is like Charles River Laboratories for specialized sterilization and product safety testing of medical devices and pharmaceuticals.
  2. Sotera Health is similar to Eurofins Scientific, but focused on sterilization and analytical chemistry testing for the medical device and biopharmaceutical industries.

AI Analysis | Feedback

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  • Sterilization Services: Sotera Health offers sterilization through various methods, including gamma and electron beam irradiation, and ethylene oxide (EO) processing.
  • Lab Testing Services (Nelson Labs): Through its Nelson Labs segment, the company provides comprehensive microbiological and analytical chemistry testing for various industries.
  • Advisory Services: Sotera Health delivers expert guidance and consulting specifically for the medical device and biopharmaceutical industries.
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AI Analysis | Feedback

Sotera Health (SHC) operates on a business-to-business (B2B) model, providing sterilization, lab testing, and advisory services primarily to other companies.

Due to the diversified nature of its client base, Sotera Health does not publicly disclose individual "major customers," as no single customer accounts for a significant portion of its consolidated revenues (typically 10% or more, which would necessitate disclosure in financial filings). Therefore, specific named customer companies are not publicly identified.

Instead, Sotera Health serves a broad range of companies across the following major industries, which constitute its customer base:

  • Companies in the medical devices industry.
  • Companies in the pharmaceuticals industry.
  • Companies involved in food and agricultural products.
  • Companies in commercial, advanced, and specialty application industries.

AI Analysis | Feedback

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AI Analysis | Feedback

Michael B. Petras, Jr. Chairman and Chief Executive Officer

Michael B. Petras, Jr. has served as Chief Executive Officer of Sotera Health since June 2016 and as Chairman of its board since October 2020. Prior to joining Sotera Health, Mr. Petras was the chief executive officer of Post-Acute Solutions at Cardinal Health, Inc. from 2015 to 2016, and chief executive officer of Cardinal Health at-Home from 2013 to 2015. From 2011 to 2013, he served as the chief executive officer for AssuraMed Holdings, Inc., a medical products supplier backed by Clayton, Dubilier & Rice and Goldman Sachs private equity firms, which was subsequently sold to Cardinal Health, Inc. in 2013 for approximately $2 billion. Before that, he was president and chief executive officer at GE Lighting, a General Electric Company business unit, from 2008 to 2011, having spent over two decades in various management roles at GE.

Jonathan M. Lyons Senior Vice President and Chief Financial Officer

Jonathan M. Lyons has served as Senior Vice President and Chief Financial Officer of Sotera Health since June 2023. Before his tenure at Sotera Health, Mr. Lyons was the Vice President, Corporate FP&A for Owens Corning, where he was also responsible for Mergers & Acquisitions. His prior roles at Owens Corning included segment CFO for the Insulation business and the Composites business, where he oversaw Supply Chain and Sourcing. He also served as the company's Treasurer, acting as a liaison to the Finance Committee of the Board and leading return to shareholders activities.

Riaz Bandali President, Nordion

Riaz Bandali has served as President of Nordion since February 2022.

Michael P. Rutz President, Sterigenics

Michael P. Rutz has served as President of Sterigenics since October 2020. He was previously the Chief Operating Officer of Sterigenics from May 2020 to October 2020. Before joining Sotera Health, he was Senior Vice President and General Manager of the Semiconductor Business Unit at Littlefuse, Inc.

Joseph A. Shrawder President, Nelson Labs

Joseph A. Shrawder holds the position of President, Nelson Labs.

AI Analysis | Feedback

The key risks to Sotera Health (SHC) primarily revolve around its sterilization services, particularly those involving ethylene oxide (EO), and its financial leverage.

  1. Ethylene Oxide (EO) Litigation and Regulatory Pressures: Sotera Health faces substantial and ongoing legal and regulatory challenges related to its use of ethylene oxide (EO) for sterilization. The company's Sterigenics subsidiary has been subjected to hundreds of personal injury claims and tort lawsuits alleging health issues from long-term environmental exposure to EO emissions. Sotera Health has paid significant settlements, including $408.0 million to resolve over 870 lawsuits, with hundreds of additional claims still pending. Furthermore, increased regulatory scrutiny from the U.S. Environmental Protection Agency (EPA) through new NESHAP and FIFRA requirements necessitates material capital investments for environmental enhancements, such as approximately $51 million planned for 2026. There are also ongoing investigations into potential breaches of fiduciary duty by company officers concerning alleged false and misleading statements about emissions control systems.

  2. Concentrated Supply Chain Risk: The company faces significant supply chain vulnerabilities due to its reliance on a limited number of suppliers for critical sterilization materials. A substantial portion of its Cobalt-60 (Co-60) is sourced under long-term contracts with a small group of Canadian and Russian reactors. Additionally, Sotera Health relies on a single EO supplier for its U.S. sterilization operations. This concentration exposes the company to potential disruptions stemming from geopolitical events or other supply-related issues.

  3. High Debt Leverage and Financial Stability Concerns: Sotera Health carries a considerable amount of debt. While the company has been working to reduce its net leverage ratio, its Altman Z-Score of 1.59 indicates a potential risk of financial instability. The company's interest coverage is weak, and its liabilities significantly outweigh its cash and near-term receivables. Adverse legal outcomes from the ongoing EO litigation, if substantial enforceable judgments exceed specified thresholds, could potentially trigger events of default under its senior secured credit facilities and other indentures, directly linking legal and financial risks.

AI Analysis | Feedback

The intensifying regulatory scrutiny, litigation, and public pressure surrounding Ethylene Oxide (EO) sterilization, coupled with the active development and potential widespread adoption of alternative sterilization technologies, pose a significant emerging threat to Sotera Health's core sterilization services.

AI Analysis | Feedback

Sotera Health operates in several addressable markets for its main products and services:

  • The company's overall serviceable addressable market (SAM) is estimated to be approximately $18 billion globally, which includes outsourced service segments and the in-house sterilization market.
  • For its Sterigenics segment, the addressable market for sterilization services is $4.5 billion.
  • The global sterilization services market was valued at approximately $3.75 billion in 2025 and is projected to reach $5.49 billion by 2030, growing at a CAGR of 7.9%. Another source estimates the global sterilization services market to reach $7.42 billion by 2031 from $5.74 billion in 2026, at a CAGR of 5.29%. North America held the largest share of this market in 2025, at 39.10%.
  • For its Nelson Labs segment, the global healthcare analytical testing services market was valued at approximately $16.1 billion in 2025 and is projected to reach around $41.0 billion by 2035, with a CAGR of 9.8% from 2026 to 2035. North America accounted for over 41.5% of this market in 2025.
  • Within healthcare analytical testing, pharmaceutical analytical testing services represented 62.3% of the market in 2025. The global pharmaceutical analytical testing outsourcing market was valued at $8.3 billion in 2023.

AI Analysis | Feedback

Expected drivers of future revenue growth for Sotera Health (SHC) over the next 2-3 years include:

  1. Strategic Pricing Initiatives: Sotera Health has demonstrated pricing power across its business segments, with favorable pricing contributing to revenue growth in Sterigenics and Nordion in 2025. The company has also outlined plans for continued price increases in 2026 for Sterigenics (4%), Nordion (3%), and Nelson Labs (3%), which are expected to support top-line expansion.
  2. Increased Volume and Demand for Sterilization Services: The Sterigenics segment has experienced strong volume and mix benefits, including a recovery from inventory destocking by hospitals and distributors that contributed to 10% revenue growth in 2025. This momentum in volume is anticipated to continue, driving overall revenue.
  3. Capacity Expansion and Capital Investments: Sotera Health is committed to continuous investment in its facilities and technology to increase capacity, particularly within the growing medical device and pharmaceutical sectors. This ongoing capital deployment is aimed at strengthening existing businesses and meeting the increasing demand for its mission-critical services.
  4. Growth in Core Lab Testing Services: While the Nelson Labs segment has faced some challenges in expert advisory services, the company anticipates growth in its core lab testing services. This area is expected to contribute to overall revenue growth as operational efficiencies, lab optimization, and favorable pricing in this segment continue.

AI Analysis | Feedback

Share Repurchases

  • In November 2020, as part of its Initial Public Offering (IPO), Sotera Health used a portion of the proceeds to repurchase approximately 1.7 million shares from executive officers.

Share Issuance

  • Sotera Health completed its Initial Public Offering (IPO) in November 2020, listing its shares on the Nasdaq Global Select Market.
  • The number of shares outstanding increased from 0.253 billion at the end of 2020 to 0.286 billion by the end of 2025.
  • The company's CEO and SVP received common shares in March 2026 from the conversion of performance-based Restricted Stock Units (RSUs) and Share Appreciation Units (SAUs) granted in prior years (e.g., 2024, 2025).

Outbound Investments

  • In November 2021, Sotera Health acquired Wisconsin-based Regulatory Compliance Associates (RCA) for a purchase price of a little over $30 million, expanding its US-based quality, regulatory, and technical consulting capabilities.
  • In August 2020, Sotera Health acquired Canadian-based Iotron Industries, which expanded its electron beam (EBeam) footprint and added expertise to its Sterigenics business.

Capital Expenditures

  • Sotera Health's capital expenditures were $77 million for the first half of 2025, primarily focused on Sterigenics capacity expansions, US Ethylene Oxide (EO) facility enhancements, and Nordion's Cobalt development programs.
  • The company projected its full-year 2024 capital expenditures to be between $175 million and $185 million.
  • Capital expenditures are anticipated to decrease in 2025 and 2026, which is expected to accelerate free cash flow generation.

Better Bets vs. Sotera Health (SHC)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SHCSTESOLVCRLLHDGXMedian
NameSotera H.Steris SolventumCharles .Labcorp Quest Di. 
Mkt Price17.38215.6779.53215.75271.47209.88212.77
Mkt Cap5.021.113.910.622.323.117.5
Rev LTM1,1895,9368,2614,02714,14411,2787,098
Op Inc LTM3811,1065584461,5711,614832
FCF LTM97972-2033911,3841,326682
FCF 3Y Avg-587885684561,0681,110678
CFO LTM2611,3411516071,8141,850974
CFO 3Y Avg1201,1549246961,5411,5591,039

Growth & Margins

SHCSTESOLVCRLLHDGXMedian
NameSotera H.Steris SolventumCharles .Labcorp Quest Di. 
Rev Chg LTM7.4%8.7%-0.6%0.1%7.3%11.0%7.4%
Rev Chg 3Y Avg6.4%9.4%--0.5%6.4%5.7%6.4%
Rev Chg Q10.0%7.3%-3.1%1.2%5.8%9.2%6.5%
QoQ Delta Rev Chg LTM2.2%1.8%-0.8%0.3%1.4%2.2%1.6%
Op Inc Chg LTM26.3%15.1%-30.9%14.1%37.6%15.5%15.3%
Op Inc Chg 3Y Avg19.3%11.8%--10.7%5.1%9.9%9.9%
Op Mgn LTM32.0%18.6%6.8%11.1%11.1%14.3%12.7%
Op Mgn 3Y Avg28.9%17.7%12.2%11.6%9.6%13.9%13.0%
QoQ Delta Op Mgn LTM0.9%0.3%-0.8%1.1%0.2%0.2%0.3%
CFO/Rev LTM22.0%22.6%1.8%15.1%12.8%16.4%15.7%
CFO/Rev 3Y Avg10.1%20.9%11.2%17.2%11.6%15.2%13.4%
FCF/Rev LTM8.1%16.4%-2.5%9.7%9.8%11.8%9.8%
FCF/Rev 3Y Avg-5.8%14.2%6.9%11.3%8.0%10.8%9.4%

Valuation

SHCSTESOLVCRLLHDGXMedian
NameSotera H.Steris SolventumCharles .Labcorp Quest Di. 
Mkt Cap5.021.113.910.622.323.117.5
P/S4.23.61.72.61.62.02.3
P/Op Inc13.019.124.823.714.214.316.7
P/EBIT14.019.16.9-177.416.214.014.0
P/E42.027.09.7-57.223.722.523.1
P/CFO19.015.791.717.412.312.516.6
Total Yield2.4%4.9%10.3%-1.7%5.3%6.0%5.1%
Dividend Yield0.0%1.1%0.0%0.0%1.1%1.5%0.5%
FCF Yield 3Y Avg-1.9%3.6%-5.0%5.3%6.1%5.0%
D/E0.50.10.40.30.30.30.3
Net D/E0.40.10.30.30.30.30.3

Returns

SHCSTESOLVCRLLHDGXMedian
NameSotera H.Steris SolventumCharles .Labcorp Quest Di. 
1M Rtn11.8%1.6%4.8%31.2%5.4%8.2%6.8%
3M Rtn32.4%-1.4%26.7%35.6%3.0%7.8%17.3%
6M Rtn-1.8%-15.1%-1.2%5.9%7.5%20.4%2.4%
12M Rtn53.0%-8.6%6.6%42.3%6.8%20.7%13.7%
3Y Rtn-7.5%2.5%15.1%5.6%17.0%56.3%10.3%
1M Excs Rtn14.1%3.8%7.0%33.4%7.6%10.4%9.0%
3M Excs Rtn14.8%-16.7%9.4%17.1%-12.1%-7.2%1.1%
6M Excs Rtn-6.6%-21.5%-7.7%-0.1%1.4%14.5%-3.3%
12M Excs Rtn35.3%-30.0%-14.6%22.9%-14.7%-1.1%-7.9%
3Y Excs Rtn-52.6%-63.7%-53.4%-63.9%-48.9%-7.8%-53.0%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Sterigenics756698667627572
Nelson Labs220229222223219
Nordion188173160154141
Total1,1641,1001,0491,004931


Price Behavior

Price Behavior
Market Price$17.38 
Market Cap ($ Bil)5.0 
First Trading Date11/20/2020 
Distance from 52W High-10.2% 
   50 Days200 Days
DMA Price$15.78$16.26
DMA Trendupup
Distance from DMA10.1%6.9%
 3M1YR
Volatility33.3%38.8%
Downside Capture19.4694.99
Upside Capture108.35125.45
Correlation (SPY)53.1%40.3%
SHC Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.371.631.671.371.371.04
Up Beta2.842.032.572.261.961.41
Down Beta0.721.260.941.021.100.78
Up Capture64%96%111%81%128%59%
Bmk +ve Days13283667141432
Stock +ve Days9212857118364
Down Capture164%219%181%137%119%101%
Bmk -ve Days7132757109318
Stock -ve Days11203564127375

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SHC
SHC59.6%38.8%1.28-
Sector ETF (XLV)21.4%15.4%1.0641.4%
Equity (SPY)21.2%12.4%1.2639.7%
Gold (GLD)21.8%27.7%0.7013.1%
Commodities (DBC)21.8%18.6%0.92-14.1%
Real Estate (VNQ)16.1%13.6%0.8528.1%
Bitcoin (BTCUSD)-44.7%42.5%-1.2713.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SHC
SHC-5.4%64.8%0.12-
Sector ETF (XLV)7.0%14.8%0.2928.0%
Equity (SPY)13.4%17.1%0.6131.0%
Gold (GLD)17.8%18.3%0.795.8%
Commodities (DBC)7.4%19.5%0.284.1%
Real Estate (VNQ)3.4%18.9%0.0827.1%
Bitcoin (BTCUSD)10.7%54.0%0.3912.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SHC
SHC-3.4%62.8%0.11-
Sector ETF (XLV)10.4%16.6%0.5127.3%
Equity (SPY)15.2%18.0%0.7231.2%
Gold (GLD)11.8%16.1%0.605.9%
Commodities (DBC)5.9%18.0%0.264.7%
Real Estate (VNQ)5.6%20.7%0.2327.1%
Bitcoin (BTCUSD)54.6%66.4%0.9511.3%

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Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity17.6 Mil
Short Interest: % Change Since 5312026-6.4%
Average Daily Volume2.5 Mil
Days-to-Cover Short Interest7.1 days
Basic Shares Quantity284.9 Mil
Short % of Basic Shares6.2%

Earnings Returns History

Updated 6/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-0.4%0.3%-0.8%
2/24/2026-4.4%-9.0%-20.9%
11/4/2025-1.1%-5.2%-0.3%
8/8/202524.5%40.5%41.8%
5/1/20255.2%14.3%6.4%
2/27/2025-10.0%-13.3%-13.5%
11/5/2024-2.4%0.8%-15.9%
8/5/20247.6%10.1%16.2%
...
SUMMARY STATS   
# Positive131114
# Negative131512
Median Positive3.9%7.6%5.4%
Median Negative-4.4%-8.3%-12.7%
Max Positive99.7%101.7%106.6%
Max Negative-10.8%-14.5%-32.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-0.4%0.3%-0.8%
2/24/2026-4.4%-9.0%-20.9%
11/4/2025-1.1%-5.2%-0.3%
8/8/202524.5%40.5%41.8%
5/1/20255.2%14.3%6.4%
2/27/2025-10.0%-13.3%-13.5%
11/5/2024-2.4%0.8%-15.9%
8/5/20247.6%10.1%16.2%
5/2/2024-3.2%-0.5%-0.8%
2/27/20241.6%-14.5%-32.4%
1/9/20244.1%-3.5%-3.5%
11/1/20231.7%7.3%7.8%
8/3/2023-4.9%-7.7%-12.7%
5/3/2023-5.1%-9.6%-12.8%
2/28/2023-2.8%2.4%0.3%
1/9/202399.7%101.7%106.6%
11/2/2022-8.7%-10.3%27.4%
8/4/20221.3%7.6%-5.8%
5/5/20220.3%-8.3%3.7%
3/1/2022-2.3%-13.2%1.1%
1/11/20223.9%-3.5%4.3%
11/10/2021-10.8%-12.4%-18.3%
8/12/20210.1%-8.0%1.0%
5/13/2021-9.2%-3.2%3.5%
3/9/20216.7%11.8%1.8%
1/11/20212.2%1.9%11.8%
SUMMARY STATS   
# Positive131114
# Negative131512
Median Positive3.9%7.6%5.4%
Median Negative-4.4%-8.3%-12.7%
Max Positive99.7%101.7%106.6%
Max Negative-10.8%-14.5%-32.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202502/24/202610-K
09/30/202511/04/202510-Q
06/30/202508/08/202510-Q
03/31/202505/01/202510-Q
12/31/202402/27/202510-K
09/30/202411/05/202410-Q
06/30/202408/05/202410-Q
03/31/202405/02/202410-Q
12/31/202302/27/202410-K
09/30/202311/01/202310-Q
06/30/202308/03/202310-Q
03/31/202305/03/202310-Q
12/31/202202/28/202310-K
09/30/202211/02/202210-Q
06/30/202208/04/202210-Q
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Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202502/24/202610-K
09/30/202511/04/202510-Q
06/30/202508/08/202510-Q
03/31/202505/01/202510-Q
12/31/202402/27/202510-K
09/30/202411/05/202410-Q
06/30/202408/05/202410-Q
03/31/202405/02/202410-Q
12/31/202302/27/202410-K
09/30/202311/01/202310-Q
06/30/202308/03/202310-Q
03/31/202305/03/202310-Q
12/31/202202/28/202310-K
09/30/202211/02/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202103/01/202210-K
09/30/202111/10/202110-Q
06/30/202108/12/202110-Q
03/31/202105/13/202110-Q
12/31/202003/09/202110-K
09/30/202011/23/2020424B4
06/30/202010/23/2020S-1

Insider Activity

Updated 5/27/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Warburg, Pincus & COSee FootnoteSell515202615.1719,102,952  Form
2Warburg, Pincus & COSee FootnoteSell515202615.1719,102,952  Form
3Gtcr, Investment XI Llc See FootnoteSell515202615.1712,735,301  Form
4Warburg, Pincus & COSee FootnoteSell310202615.2715,000,000229,050,000291,702,077Form
5Warburg, Pincus & COSee FootnoteSell310202615.2715,000,000229,050,000291,702,077Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Warburg, Pincus & COSee FootnoteSell515202615.1719,102,952  Form
2Warburg, Pincus & COSee FootnoteSell515202615.1719,102,952  Form
3Gtcr, Investment XI Llc See FootnoteSell515202615.1712,735,301  Form
4Warburg, Pincus & COSee FootnoteSell310202615.2715,000,000229,050,000291,702,077Form
5Warburg, Pincus & COSee FootnoteSell310202615.2715,000,000229,050,000291,702,077Form
6Gtcr, Investment XI Llc See FootnoteSell310202615.2710,000,000152,700,000194,468,046Form
7Petras, Michael B JRChairman & CEODirectSell1210202516.45315,8965,196,4899,093,396Form
8Petras, Michael B JRChairman & CEOGrantor TrustSell1210202516.45394,8616,495,46379,279,015Form
9Petras, Michael B JRChairman & CEOFamily TrustSell1210202516.4539,243  Form
10Warburg, Pincus & CO See FootnoteSell1205202516.339,720,000158,727,600556,901,206Form
11Warburg, Pincus & CO See FootnoteSell1205202516.339,720,000158,727,600556,901,206Form
12Gtcr, Investment XI Llc See FootnoteSell1205202516.336,480,000105,818,400371,267,465Form
13Gtcr, Investment XI Llc See FootnoteSell1112202515.6512,000,000187,812,000457,248,676Form
14Warburg, Pincus & COSee FootnoteSell1112202515.6518,000,000281,718,000685,873,022Form
15Warburg, Pincus & COSee FootnoteSell1112202515.6518,000,000281,718,000685,873,022Form
16Warburg, Pincus & COSee FootnoteSell909202515.1112,000,000181,332,000934,206,628Form
17Warburg, Pincus & COSee FootnoteSell909202515.1112,000,000181,332,000934,206,628Form
18Gtcr, Investment XI Llc See FootnoteSell909202515.118,000,000120,888,000622,804,413Form
19Rutz, Michael PPresident of SterigenicsDirectSell826202516.38126,6112,074,3067,375,827Form
Core Cache Last Updated: 6/26/2026