West Pharmaceutical Services, Inc.
WST Healthcare Medical Instruments & Supplies
West Pharmaceutical Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 6.25% from fiscal 2024. In the quarter to June 2026, revenue grew 13.8%, EPS grew 19.2%, free cash flow fell 20.7% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.
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West Pharmaceutical Services, Inc. (WST) Debt to equity
West Pharmaceutical Services, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.1×, up 0.0× from fiscal 2025 (0.1×). Over the past ten years it has ranged from 0.0× (fiscal 2023) to 0.2× (fiscal 2015); the current reading is higher than 18% of that period. That is below the Medical Instruments & Supplies industry median of 0.1× and above the Healthcare sector median of 0.0×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 0.1× | (15.36%) |
| FY2024 | 0.1× | 198.42% |
| FY2023 | 0.0× | (67.14%) |
| FY2022 | 0.1× | (13.87%) |
| FY2021 | 0.1× | (34.46%) |
| FY2020 | 0.1× | (15.85%) |
| FY2019 | 0.2× | 15.46% |
| FY2018 | 0.1× | (8.77%) |
| FY2017 | 0.2× | (23.96%) |
| FY2016 | 0.2× | (9.48%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 0.1× | 0.15% |
| Mar 2026 | 0.1× | 6.10% |
| Dec 2025 | 0.1× | (3.77%) |
| Sep 2025 | 0.1× | (4.05%) |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| RMD ResMed Inc. compare | 0.1× |
| WST West Pharmaceutical Services, Inc. | 0.1× |
| ALC Alcon compare | 0.2× |
| RGEN Repligen Corporation compare | 0.3× |
| COO The Cooper Companies, Inc. compare | 0.3× |
| BDX Becton, Dickinson and Company compare | 0.6× |
| MDLN Medline Inc. compare | 0.7× |
| SOLV Solventum Corporation compare | 1.1× |
| BAX Baxter International Inc. compare | 1.5× |
| Medical Instruments & Supplies industry median | 0.1× |
| Healthcare sector median | 0.0× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
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