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Side-by-side financial comparison of Brighthouse Financial, Inc. (BHF) and Steris (STE). Click either name above to swap in a different company.

Brighthouse Financial, Inc. is the larger business by last-quarter revenue ($1.7B vs $1.5B, roughly 1.1× Steris). Steris runs the higher net margin — 12.9% vs 8.1%, a 4.8% gap on every dollar of revenue. On growth, Brighthouse Financial, Inc. posted the faster year-over-year revenue change (40.2% vs 9.2%). Over the past eight quarters, Steris's revenue compounded faster (15.8% CAGR vs 9.8%).

Brighthouse Financial, Inc. is an American insurance company, headquartered in Charlotte, North Carolina, that sells annuity and life insurance. As of March 2018, Brighthouse was one of the largest providers of annuities and life insurance in the United States, with $219 billion in total assets and around 2.6 million insurance policies and annuity contracts in-force . During the same year Brighthouse Financial along with 90 additional Fortune 500 companies "paid an effective federal tax rate ...

Steris plc is an American-Irish-based medical equipment company specializing in sterilization and surgical products for the US healthcare system. Steris is operationally headquartered in Mentor, Ohio, and has been legally registered in Dublin, Ireland, for tax purposes since 2018. Previously the company was registered in the United Kingdom from 2014 to 2018.

BHF vs STE — Head-to-Head

Bigger by revenue
BHF
BHF
1.1× larger
BHF
$1.7B
$1.5B
STE
Growing faster (revenue YoY)
BHF
BHF
+31.0% gap
BHF
40.2%
9.2%
STE
Higher net margin
STE
STE
4.8% more per $
STE
12.9%
8.1%
BHF
Faster 2-yr revenue CAGR
STE
STE
Annualised
STE
15.8%
9.8%
BHF

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BHF
BHF
STE
STE
Revenue
$1.7B
$1.5B
Net Profit
$137.0M
$192.9M
Gross Margin
43.8%
Operating Margin
8.9%
18.3%
Net Margin
8.1%
12.9%
Revenue YoY
40.2%
9.2%
Net Profit YoY
-79.6%
11.2%
EPS (diluted)
$1.84
$1.96

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BHF
BHF
STE
STE
Q4 25
$1.7B
$1.5B
Q3 25
$1.8B
$1.5B
Q2 25
$871.0M
$1.4B
Q1 25
$2.4B
$1.5B
Q4 24
$1.2B
$1.4B
Q3 24
$2.0B
$1.3B
Q2 24
$1.4B
$1.3B
Q1 24
$1.1B
Net Profit
BHF
BHF
STE
STE
Q4 25
$137.0M
$192.9M
Q3 25
$479.0M
$191.9M
Q2 25
$85.0M
$177.4M
Q1 25
$-268.0M
$145.7M
Q4 24
$671.0M
$173.5M
Q3 24
$176.0M
$150.0M
Q2 24
$34.0M
$145.4M
Q1 24
$-1.4M
Gross Margin
BHF
BHF
STE
STE
Q4 25
43.8%
Q3 25
44.2%
Q2 25
45.1%
Q1 25
43.3%
Q4 24
44.5%
Q3 24
43.6%
Q2 24
44.7%
Q1 24
40.2%
Operating Margin
BHF
BHF
STE
STE
Q4 25
8.9%
18.3%
Q3 25
32.2%
18.2%
Q2 25
10.7%
17.7%
Q1 25
-14.8%
14.6%
Q4 24
69.2%
17.9%
Q3 24
9.3%
16.5%
Q2 24
1.0%
14.5%
Q1 24
22.0%
Net Margin
BHF
BHF
STE
STE
Q4 25
8.1%
12.9%
Q3 25
26.4%
13.1%
Q2 25
9.8%
12.8%
Q1 25
-11.2%
9.8%
Q4 24
55.7%
12.7%
Q3 24
8.7%
11.3%
Q2 24
2.4%
11.4%
Q1 24
-0.1%
EPS (diluted)
BHF
BHF
STE
STE
Q4 25
$1.84
$1.96
Q3 25
$7.89
$1.94
Q2 25
$1.02
$1.79
Q1 25
$-5.04
$1.48
Q4 24
$10.27
$1.75
Q3 24
$2.47
$1.51
Q2 24
$0.12
$1.46
Q1 24
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHF
BHF
STE
STE
Cash + ST InvestmentsLiquidity on hand
$423.7M
Total DebtLower is stronger
$3.2B
$1.9B
Stockholders' EquityBook value
$6.8B
$7.2B
Total Assets
$241.8B
$10.6B
Debt / EquityLower = less leverage
0.47×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHF
BHF
STE
STE
Q4 25
$423.7M
Q3 25
$319.2M
Q2 25
$279.7M
Q1 25
$171.7M
Q4 24
$1.9B
$155.2M
Q3 24
$1.8B
$172.2M
Q2 24
$1.4B
$198.3M
Q1 24
$207.0M
Total Debt
BHF
BHF
STE
STE
Q4 25
$3.2B
$1.9B
Q3 25
$3.2B
$1.9B
Q2 25
$3.2B
$1.9B
Q1 25
$3.2B
$1.9B
Q4 24
$3.2B
$2.0B
Q3 24
$3.2B
$2.2B
Q2 24
$3.2B
$2.2B
Q1 24
$3.1B
Stockholders' Equity
BHF
BHF
STE
STE
Q4 25
$6.8B
$7.2B
Q3 25
$6.4B
$7.0B
Q2 25
$5.7B
$7.0B
Q1 25
$5.2B
$6.6B
Q4 24
$5.0B
$6.4B
Q3 24
$5.5B
$6.6B
Q2 24
$4.1B
$6.4B
Q1 24
$6.3B
Total Assets
BHF
BHF
STE
STE
Q4 25
$241.8B
$10.6B
Q3 25
$244.7B
$10.4B
Q2 25
$242.6B
$10.4B
Q1 25
$234.7B
$10.1B
Q4 24
$238.5B
$10.0B
Q3 24
$245.2B
$10.2B
Q2 24
$237.4B
$10.1B
Q1 24
$11.1B
Debt / Equity
BHF
BHF
STE
STE
Q4 25
0.47×
0.27×
Q3 25
0.50×
0.27×
Q2 25
0.56×
0.27×
Q1 25
0.60×
0.29×
Q4 24
0.64×
0.32×
Q3 24
0.57×
0.33×
Q2 24
0.76×
0.35×
Q1 24
0.50×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHF
BHF
STE
STE
Operating Cash FlowLast quarter
$-3.0M
$298.2M
Free Cash FlowOCF − Capex
$199.5M
FCF MarginFCF / Revenue
13.3%
Capex IntensityCapex / Revenue
6.6%
Cash ConversionOCF / Net Profit
-0.02×
1.55×
TTM Free Cash FlowTrailing 4 quarters
$917.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHF
BHF
STE
STE
Q4 25
$-3.0M
$298.2M
Q3 25
$117.0M
$287.8M
Q2 25
$-1.0M
$420.0M
Q1 25
$146.0M
$260.8M
Q4 24
$-118.0M
$332.8M
Q3 24
$24.0M
$250.7M
Q2 24
$334.0M
$303.7M
Q1 24
$254.8M
Free Cash Flow
BHF
BHF
STE
STE
Q4 25
$199.5M
Q3 25
$201.3M
Q2 25
$326.4M
Q1 25
$189.9M
Q4 24
$243.6M
Q3 24
$148.8M
Q2 24
$195.7M
Q1 24
$163.3M
FCF Margin
BHF
BHF
STE
STE
Q4 25
13.3%
Q3 25
13.8%
Q2 25
23.5%
Q1 25
12.8%
Q4 24
17.8%
Q3 24
11.2%
Q2 24
15.3%
Q1 24
14.6%
Capex Intensity
BHF
BHF
STE
STE
Q4 25
6.6%
Q3 25
5.9%
Q2 25
6.7%
Q1 25
4.8%
Q4 24
6.5%
Q3 24
7.7%
Q2 24
8.4%
Q1 24
8.2%
Cash Conversion
BHF
BHF
STE
STE
Q4 25
-0.02×
1.55×
Q3 25
0.24×
1.50×
Q2 25
-0.01×
2.37×
Q1 25
1.79×
Q4 24
-0.18×
1.92×
Q3 24
0.14×
1.67×
Q2 24
9.82×
2.09×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHF
BHF

Annuities$926.0M55%
Runoff$319.0M19%
Life$298.0M18%
Other$78.0M5%
Distribution Service$66.0M4%
Accident And Health Insurance Segment$2.0M0%

STE
STE

Servicerevenues$404.7M27%
Consumablerevenues$387.1M26%
Applied Sterilization Technologies$286.6M19%
Capitalequipmentrevenues$272.1M18%
Life Science$145.8M10%

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