West Pharmaceutical Services, Inc. WST
- Market cap
- $26.3B
- P/E
- 47.1×
Follow WST
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 53.88 | 77.97 | 82.74 | 93.08 | 124.53 | 253.86 | 206.19 | 225.66 | 265.00 | 187.43 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 86.50 | 103.36 | 125.09 | 152.12 | 305.00 | 475.35 | 468.05 | 415.73 | 413.70 | 348.90 |
High Price
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| 7,100 | 7,500 | 7,700 | 8,200 | 9,200 | 10,065 | 13,550 | 10,600 | 10,600 | 10,800 |
Employees
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 1,509 | 1,599 | 1,717 | 1,840 | 2,147 | 2,832 | 2,887 | 2,950 | 2,893 | 3,074 |
Revenue
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| 33.23% | 32.07% | 31.76% | 32.92% | 35.76% | 41.52% | 39.36% | 38.28% | 34.51% | 35.91% |
Gross Margin
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| 190 | 222 | 241 | 292 | 401 | 749 | 680 | 698 | 586 | 601 |
EBT
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| 12.58% | 13.91% | 14.02% | 15.86% | 18.69% | 26.45% | 23.55% | 23.66% | 20.24% | 19.55% |
EBT Margin
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| 144 | 151 | 207 | 242 | 346 | 662 | 586 | 593 | 493 | 494 |
Net Income
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| 91 | 97 | 104 | 103 | 109 | 122 | 121 | 137 | 155 | 171 |
Depreciation
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| 20.59 | 21.64 | 23.24 | 24.86 | 29.05 | 38.06 | 38.80 | 39.70 | 39.63 | 42.52 |
Revenue/Sh
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| 1.96 | 2.04 | 2.80 | 3.27 | 4.68 | 8.89 | 7.87 | 7.98 | 6.75 | 6.83 |
Earnings/Sh
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| 2.99 | 3.56 | 3.91 | 4.96 | 6.39 | 7.85 | 9.73 | 10.45 | 8.95 | 10.44 |
Cash Flow/Sh
|
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| (2.32) | (1.77) | (1.42) | (1.71) | (2.36) | (3.41) | (3.83) | (4.87) | (5.16) | (3.95) |
Capex/Sh
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| 0.67 | 1.79 | 2.49 | 3.25 | 4.03 | 4.44 | 5.91 | 5.58 | 3.79 | 6.49 |
Free CF/Sh
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| 15.25 | 17.32 | 18.89 | 21.26 | 25.09 | 31.39 | 36.09 | 38.78 | 36.74 | 43.93 |
Book Value/Sh
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| 73 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 73 | 72 |
Shares
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| 42.89 | 48.54 | 35.01 | 45.97 | 60.41 | 52.58 | 29.79 | 43.70 | 48.53 | 40.28 |
PE Ratio
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| 4.08 | 4.60 | 4.22 | 6.05 | 9.75 | 12.32 | 6.04 | 8.78 | 8.26 | 6.47 |
PS Ratio
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| 5.51 | 5.75 | 5.19 | 7.07 | 11.29 | 14.94 | 6.50 | 8.99 | 8.91 | 6.26 |
PB Ratio
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| 4.10 | 4.57 | 4.14 | 5.95 | 9.58 | 12.13 | 5.80 | 8.52 | 8.17 | 6.28 |
EV/Sales
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| 131.89 | 56.18 | 39.11 | 45.60 | 69.91 | 105.08 | 38.46 | 61.18 | 86.68 | 41.51 |
EV/FCF
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| 219 | 263 | 289 | 367 | 473 | 584 | 724 | 777 | 653 | 755 |
Op' Cash Flow
|
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| (170) | (131) | (105) | (126) | (174) | (253) | (285) | (362) | (377) | (286) |
Capex
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| 49 | 133 | 184 | 241 | 298 | 331 | 439 | 415 | 276 | 469 |
FCF
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| 401 | 464 | 611 | 717 | 870 | 1,148 | 1,401 | 1,265 | 988 | 1,323 |
Working Cap'
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| 226 | 197 | 196 | 255 | 253 | 209 | 207 | 73 | 203 | 203 |
Total Debt
|
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| 23 | (39) | (141) | (184) | (363) | (554) | (688) | (781) | (282) | (588) |
Net Debt
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| 1,118 | 1,280 | 1,396 | 1,573 | 1,855 | 2,335 | 2,685 | 2,881 | 2,682 | 3,176 |
Sh' Equity
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| 8.42% | 8.42% | 10.77% | 11.19% | 13.48% | 21.67% | 16.91% | 15.94% | 13.19% | 12.48% |
ROA
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| 10.70% | 11.37% | 11.97% | 13.34% | 17.05% | 26.39% | 22.97% | 20.12% | 14.84% | 14.13% |
ROIC
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| 13.41% | 12.57% | 15.46% | 16.28% | 20.20% | 31.59% | 23.34% | 21.32% | 17.71% | 16.85% |
ROE
|
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West Pharmaceutical Services, Inc. peers in Medical Instruments & Supplies
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| ALC Alcon | $30.9B | 49.2× | Compare |
| RMD ResMed Inc. | $31.9B | 21.3× | Compare |
| MDLN Medline Inc. | $45.5B | — | Compare |
| SOLV Solventum Corporation | $15.1B | 10.9× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BDX Becton, Dickinson and Company | $48.8B | 55.4× | Compare |
| BAX Baxter International Inc. | $12.2B | 0.0× | Compare |
| RGEN Repligen Corporation | $10.8B | 253× | Compare |
| COO The Cooper Companies, Inc. | $10.5B | 18.9× | Compare |
WST metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
West Pharmaceutical Services, Inc. (WST) key facts
- West Pharmaceutical Services, Inc. (WST) is a Medical Instruments & Supplies company in the Healthcare sector, listed on the New York Stock Exchange.
- West Pharmaceutical Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 6.25% from fiscal 2024.
- Net income was $493.7 million, or $6.83 per share (basic), a net margin of 16.1%.
- As of September 25, 2026, WST traded at $370.44, a market capitalization of $26.3 billion.
- At that price the stock trades at 47.1× trailing-twelve-month earnings and 7.9× sales.
- West Pharmaceutical Services, Inc. pays an annual dividend of $0.76 per share, a yield of 0.14%, with a payout ratio of 10.9%.
- Return on equity was 16.9% and debt-to-equity 0.07.
West Pharmaceutical Services, Inc. (WST) Latest News
22 Sep
Morgan Stanley says West Pharmaceutical Services could deliver at least 10% higher EPS than current 2027 consensus estimates, signaling upside to the company’s earnings outlook and potentially lifting its stock valuation. A 10% potential EPS upside to 2027 estimates could moderately lift sentiment and valuation without implying a fundamental redefinition of the business.
West Pharmaceutical Services (WST) is singled out as a stock to sell in StockStory's analysis, citing slower five-year revenue growth (about 5.7% annually), rising expenses as a share of revenue, and a 5.3 percentage-point decline in adjusted operating margin, with diminishing returns on capital. At roughly $361.78 per share, it trades around 39x forward earnings and is described as not meeting StockStory's investment bar. The piece contrasts WST with Citigroup and designates Intuitive Surgical as the sole buy, noting ISRG's stronger growth, improving free cash flow margin, and more favorable valuation. WST is labeled a stock to sell due to slower growth, higher expenses, and shrinking margins.
20 Sep
West Pharmaceutical Services is cutting staff and facing cyber disruptions that could affect operations and costs. In addition, regulatory upgrades to Annex 1 may require facility investments and stricter compliance, adding capital expenditure pressure. The mix of layoffs, cybersecurity risk, and regulatory changes creates near- to mid-term uncertainty around margins, production reliability, and growth prospects. Investors will weigh whether cost reductions offset disruption and the expense of meeting Annex 1 requirements, and how execution risk might shape customer contracts and cash flow. If cyber remediation and restructuring improve efficiency, the long-term outlook could benefit; however, upfront investments and potential delays may mute near-term performance and shift sentiment on WST. Near-term disruptions and regulatory costs could alter financial performance, with a modest overall balance between risk and long-term improvements.
18 Sep
West Pharmaceutical Services, Inc. (WST) stock is recommended for addition to investment portfolios. Stock recommendation for West Pharmaceutical Services may boost short-term investor sentiment and market interest.
4 Sep
West Pharmaceutical Services (WST) has a fair value gap driven by GLP-1 developments affecting its market valuation. GLP-1 exposure may shift WST financial performance and market sentiment without transforming core operations.
14 Aug
WST shares climbed 38.1% since March-end on drivers supporting the ongoing rally. Notable stock advance signals positive momentum that may moderately support near-term performance without guaranteeing structural change.
West Pharmaceutical (WST) receives a Buy rating upgrade. Buy rating upgrade may lift short-term investor sentiment toward WST.
13 Aug
West Pharmaceutical Services beat Q2 estimates and raised its 2026 outlook, reinforcing the high-value product growth story. Q2 beat and raised 2026 guidance signal stronger HVP momentum with direct effects on valuation and trajectory.
WST stock rose 15.3% over three months as HVP growth strengthens the company's outlook. HVP growth supports improved WST outlook and recent stock performance.
7 Aug
West Pharmaceutical Services missed Q1 earnings on higher AI costs but beat revenue estimates and raised its FY27 outlook. Mixed quarterly results with an earnings miss offset by revenue strength and improved long-term guidance point to moderate effects on performance.
6 Aug
West Pharmaceuticals (WST) posted stronger Q2 results driven by broad-based growth across its segments. Positive Q2 growth report can lift near-term sentiment and financial outlook but does not signal major strategic shifts.
5 Aug
WST Q2 earnings matched estimates with sales exceeding targets. Company raised 2026 outlook and shares rose. Beat and raised guidance typically lift near-term sentiment without altering long-term trajectory.
West Pharmaceutical Services stock rose after Q3 earnings beat expectations on segment growth with raised EPS guidance. Q3 earnings beat and raised EPS outlook point to better near-term financial performance without indicating major strategic shifts.
3 Aug
West Pharmaceutical Services reported stronger Q2 results, raised its outlook and announced buybacks, prompting questions on whether these factors alter the investment case. Stronger Q2 results, raised outlook and buybacks indicate major positive shifts in financial performance and capital allocation likely to influence future trajectory.
West Pharmaceutical Services raised its guidance, raising questions whether the upside is already priced into the stock. Guidance increase directly signals stronger future financial results and shifts investor expectations.
1 Aug
West Pharmaceutical Services Q2 earnings call drew analyst questions on growth strategies, operational challenges, market dynamics and financial outlook for the company. Earnings call questions offer moderate insight into strategy and sentiment without signaling transformative changes.
31 Jul
WST posted Q2 earnings and revenues above estimates while raising 2026 guidance. Earnings beat combined with raised guidance signals stronger financial trajectory and positive investor reaction.
26 Jul
West Pharmaceutical (WST) signs decade-long Daikyo distribution deal extending beyond Japan. Decade-long Daikyo distribution deal expands WST market reach beyond Japan.
24 Jul
West Pharmaceutical Services upgraded its outlook on Q2 results fueled by biologics demand and high-value components growth. Biologics and high-value components strength produced upgraded outlook that signals major positive shift in trajectory.
23 Jul
West Pharmaceutical Services Inc (WST) reported strong organic growth in its Q2 2026 earnings call, with highlights on operational performance and market positioning. Strong organic growth reported in Q2 2026 earnings signals major positive shifts in financial trajectory and investor outlook.
West Pharmaceutical Services reported higher Q2 adjusted earnings and net sales while raising its 2026 outlook. Q2 earnings beat combined with lifted 2026 guidance signals stronger growth trajectory and positive investor reaction for West Pharmaceutical Services.
West Pharmaceutical Services, Inc. reported its second-quarter 2026 financial results. Quarterly earnings results directly shape financial outlook and investor sentiment for the company.
West Pharmaceutical Services Q2 earnings call highlighted revenue growth, margin trends, operational updates and forward guidance on demand and capacity. Quarterly earnings and guidance updates influence near-term sentiment and estimates but rarely shift long-term competitive position.
West Pharmaceutical Services, Inc. held its Q2 2026 earnings call, covering financial results and operational updates. Quarterly earnings call supplies performance data and guidance that can shift near-term investor sentiment.
West Pharmaceutical Services beat Q2 earnings and sales estimates, causing its stock to jump and prompting an increase in full-year EPS guidance due to HVP growth. Quarterly earnings beat and raised EPS outlook point to noticeable but limited effects on near-term financial performance.
West Pharmaceutical Services reported Q2 earnings with key financial metrics compared against analyst estimates. Q2 earnings metrics versus estimates typically influence near-term stock price and investor views on operations.
West Pharmaceutical Services exceeded earnings expectations in Q2 CY2026, driving a sharp rise in its stock price. Quarterly earnings beat supports short-term stock gains and sentiment but does not alter core long-term trajectory.
West Pharmaceutical Services (WST) posted Q2 earnings and revenues above estimates. Q2 beats signal stronger financial results than expected and may lift near-term sentiment.
22 Jul
West Pharmaceutical Services (WST) prepares to report Q2 earnings with attention on revenue, EPS, segment performance, and updated guidance. Earnings preview sets near-term expectations but does not alter company fundamentals or strategy.
21 Jul
West Pharmaceutical Services is projected to beat Q2 earnings estimates, with guidance offered on positioning in the stock ahead of the report. Expected earnings beat may lift near-term financial results and sentiment without reshaping long-term company trajectory.