Sotera Health's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Sotera Health (SHC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Sotera Health vs Its Competitors
- TTM: Trailing 12-month revenue of 1,230M vs 17,433M combined for its competitors (6.6% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+5.6% annualized vs trailing 12 months), vs accelerating (+3.8%) for its tracked peer group.
- Growth: Sotera Health generated 4.6% revenue growth year over year in Q3 2026, vs 7.2% for its competitors combined.
- Profitability: Its 18.0% net margin compares with 8.8% for the peer group.
- Scale: Sotera Health ranks #14 of 51 companies by market capitalization in the Healthcare Facilities industry, holding 1.7% of industry market cap.
- Peer revenue share: Sotera Health accounted for 6.7% of combined revenue among its tracked peer group, down from 6.9% a year earlier.
- Peer differentiation: Revenue per employee of $0.41M compares with $0.24M for the peer group (1.7x).
- Structure: Sotera Health operates in the following segments: Sterigenics, Nelson Labs, Nordion.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SHC Sales vs. its Competitors, Q3 2026
Sotera Health reported revenue growth of 4.61 % year on year in Q3 2026, below its competitors' combined revenue growth of 7.16 %.
With a net margin of 17.97 %, Sotera Health achieved higher profitability than its competitors (8.84 %).
Sotera Health generated 6.70 % of the combined sales of its peer group, down from 6.85 % a year earlier.
API endpoints for this dataset
Sotera Health vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Sotera Health reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Sotera Health and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Sotera Health Company | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Sotera Health's competitor groups requires a Commercial License.
For context: the Healthcare Facilities industry grew revenue 14.7% year over year, combined, vs 4.6% for Sotera Health. Sotera Health's share of combined industry revenue moved from 0.30% to 0.27%, a loss of 0.03 percentage points.
Sotera Health's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Sotera Health Company | Yes | Yes | Yes | No |
| Competitors combined (4) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SHC Stock Performance relative to its Competitors
SHC Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Charles River Laboratories International inc | 282.9% | Outperformed |
| 2 | Labcorp Holdings Inc | 282.9% | Outperformed |
| 3 | Medpace Holdings Inc | 282.9% | Outperformed |
| 4 | Steris Plc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Sotera Health's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Sotera Health's Comment on Competition and Industry Peers
Publicly Traded Peers of Sotera Health Company
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Sotera Health Company |
4,630.36 | 1,230.25 |
 Labcorp Holdings Inc |
29,912.11 | 14,594.50 |
 Steris Plc |
24,902.01 | 5,935.90 |
 Medpace Holdings Inc |
18,530.04 | 2,838.39 |
 Charles River Laboratories International inc |
16,208.05 | 3,998.99 |
| SUBTOTAL | 94,182.57 | 28,598.02 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Sotera Health Company versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Sotera Health's Competitors Named by the Company
Competitive relationships identified from Sotera Health reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Nordion | Company report | 85% |
| Steris Plc | Company report | 85% |
| Steris Plc | Company report | 85% |
| Medpace Holdings Inc | Company report | 85% |
| Charles River Laboratories International inc | Company report | 85% |
| Labcorp Holdings Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Sotera Health's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Sotera Health's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Sotera Health Company | Sterigenics 64.42 % |
| Labcorp Holdings Inc | Diagnostics 77.40 % |
| Medpace Holdings Inc | Reportable 100.00 % |
| Charles River Laboratories International inc | Discovery and Safety Assessment 60.68 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Sotera Health's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Sotera Health Company | 4,630 | 410,083 | 57,823 |
| Labcorp Holdings Inc | 29,912 | 208,493 | 14,354 |
| Steris Plc | 24,902 | 326,525 | 43,187 |
| Medpace Holdings Inc | 18,530 | 457,804 | 83,520 |
| Charles River Laboratories International inc | 16,208 | 202,994 | -11,995 |
| PEERS TOTAL | 89,552 | 239,902 | 18,158 |
Sotera Health's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Charles River Laboratories International inc | United States 55.12 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Sotera Health's Position in Industry Market Structure
Market-capitalization share and concentration across all 48 companies in Sotera Health's industry classification, broader than the peer set above. Market cap in millions of $.Sotera Health ranks #14 of 48 companies by market capitalization in its industry, holding 1.68 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,841, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Hca Healthcare Inc | 110,275 | 40.15 % |
| 2 | Tenet Healthcare Corp | 23,758 | 8.65 % |
| 3 | Brightspring Health Services Inc | 14,798 | 5.39 % |
| 4 | Encompass Health Corporation | 13,822 | 5.03 % |
| 5 | Davita Inc | 1,234 | 5.2% |
| 6 | Universal Health Services Inc | 1,234 | 5.2% |
| 7 | Ensign Group Inc | 1,234 | 5.2% |
| 8 | Pacs Group Inc | 1,234 | 5.2% |
| 9 | Chemed Corporation | 1,234 | 5.2% |
| 10 | Fresenius Medical Care Ag | 1,234 | 5.2% |
| 14 | Sotera Health Company | 4,605 | 1.68 % |
Market cap and industry share for the rest of Sotera Health's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Sotera Health's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 9 | Chemed Corporation | 6,953 | 20.00 % |
| 10 | Fresenius Medical Care Ag | 6,760 | -4.27 % |
| 11 | Hims and Hers Health Inc | 5,852 | -42.26 % |
| 12 | Concentra Group Holdings Parent Inc | 5,301 | 116.72 % |
| 13 | Option Care Health Inc | 1,234 | 12.3% |
| 14 | Sotera Health Company | 4,605 | 1.08 % |
| 15 | National Healthcare Corp | 1,234 | 12.3% |
| 16 | Acadia Healthcare Company Inc | 1,234 | 12.3% |
| 17 | Aveanna Healthcare Holdings Inc | 1,234 | 12.3% |
| 18 | Surgery Partners Inc | 1,234 | 12.3% |
| 19 | Progyny Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Sotera Health's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Sotera Health's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Healthcare Facilities industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (113 companies). See the full Healthcare Facilities industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 54.60 % | 34.25 % (avg) | +20.4 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 39.04 % | 2.94 % (avg) | +36.1 pp |
| Capital Intensity (Capex / Revenue) | 15.94 % | 3.80 % (avg) | +12.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Sotera Health's Valuation vs Competitive Position
Valuation multiples vs the Healthcare Facilities industry average (113 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Healthcare Facilities industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 30.7x | 21.2x | +9.5x |
| EV / EBITDA | 14.8x | 13.9x | +0.9x |
| P/B | 8.1x | 3.1x | +5.0x |
| Return on Equity | 26.41 % | industry aggregate | -174.17 % |
| Return on Invested Capital | - | 1.98 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Sotera Health's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Growth | - | 7.75 % | 4.53 % | 4.87 % | 5.75 % |
| Operating Margin | 27.56 % | 24.74 % | 26.37 % | 27.05 % | 31.12 % |
| Return on Invested Capital | 7.92 % | 7.68 % | 8.29 % | 8.61 % | 10.08 % |
| P/E | 53.9x | - | 78.7x | 95.1x | 61.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Sotera Health's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Sotera Health falls in the Dog quadrant: relative market share of 0.04x vs its largest competitor, in an industry growing revenue 5.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Hca Healthcare Inc alone holds 40% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Sotera Health's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,841 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 15.94 % vs industry average 3.80 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Sotera Health's dedicated Suppliers and Customers pages, not here.
Sotera Health's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Sotera Health falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Sotera Health's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+5.6% annualized vs trailing 12 months).
Weaknesses
- Return on equity 174.2 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.04x).
Opportunities
No rule matched.
Threats
- Industry dominated by Hca Healthcare Inc , holding 40.15 % of industry market cap.
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Sotera Health's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Sotera Health Company | 1.57 | 2.79 | 3.27 |
| Labcorp Holdings Inc | 0.18 | 1.57 | 0.68 |
| Steris Plc | 0.15 | 2.15 | 0.27 |
| Medpace Holdings Inc | 0.42 | 0.79 | - |
| Charles River Laboratories International inc | 0.18 | 1.34 | 0.78 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Sotera Health's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Sotera Health Company | Q3 2026 | +4.6 % | +20.6 % |
| Labcorp Holdings Inc | Q3 2026 | +6.9 % | +0.5 % |
| Steris Plc | Q1 2026 | +7.3 % | +50.8 % |
| Medpace Holdings Inc | Q3 2026 | +8.5 % | +23.7 % |
| Charles River Laboratories International inc | Q2 2026 | -2.7 % | - |
| PEERS TOTAL | +5.6 % | +9.4 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Sotera Health's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Sotera Health Company | Q3 2026 | +8.3 % | +46.1 % |
| Labcorp Holdings Inc | Q3 2026 | +6.4 % | +56.1 % |
| Steris Plc | Q1 2026 | +6.2 % | - |
| Medpace Holdings Inc | Q3 2026 | +6.3 % | +88.2 % |
| Charles River Laboratories International inc | Q2 2026 | - | -11.9 % |
Sotera Health's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Sotera Health Company | 5.26% | 5.43% | 26.41% |
| Labcorp Holdings Inc | 5.36% | 6.07% | 11.55% |
| Steris Plc | 7.53% | 7.97% | 11.29% |
| Medpace Holdings Inc | 24.47% | 41.14% | 99.76% |
| Charles River Laboratories International inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Sotera Health's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Sotera Health Company | 26.69 | 3.76 |
| Labcorp Holdings Inc | 30.10 | 2.05 |
| Steris Plc | 31.86 | 4.20 |
| Medpace Holdings Inc | 36.38 | 6.53 |
| Charles River Laboratories International inc | - | 4.05 |
| PEERS AVERAGE | 41.95 | 3.29 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.