stockrowWest 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.
- Revenue
- +8.69%
- EPS
- +56.7%
- Free cash flow
- +12.3%
- Total debt
- +0.10%
Quarter to September 2026, against a year earlier
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West Pharmaceutical Services, Inc. (WST) Gross margin
West Pharmaceutical Services, Inc.'s gross margin over the twelve months to 30 September 2026 was 37.6%, up 1.7 percentage points from fiscal 2025 (35.9%). Over the past ten years it has ranged from 31.8% (fiscal 2018) to 41.5% (fiscal 2021); the current reading is higher than 73% of that period. That is below the Medical Instruments & Supplies industry median of 53.6% and below the Healthcare sector median of 53.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 35.9% | 1.40 |
| FY2024 | 34.5% | (3.77) |
| FY2023 | 38.3% | (1.08) |
| FY2022 | 39.4% | (2.16) |
| FY2021 | 41.5% | 5.76 |
| FY2020 | 35.8% | 2.84 |
| FY2019 | 32.9% | 1.16 |
| FY2018 | 31.8% | (0.31) |
| FY2017 | 32.1% | (1.16) |
| FY2016 | 33.2% | 0.67 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 39.7% | 1.99 |
| Jun 2026 | 37.7% | 2.66 |
| Mar 2026 | 35.1% | (2.67) |
| Dec 2025 | 37.8% | 1.17 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ALGN Align Technology, Inc. compare | 69.1% |
| COO The Cooper Companies, Inc. compare | 65.9% |
| RMD ResMed Inc. compare | 61.1% |
| ALC Alcon compare | 56.9% |
| BDX Becton, Dickinson and Company compare | 50.3% |
| MDLN Medline Inc. compare | 44.9% |
| WST West Pharmaceutical Services, Inc. | 37.6% |
| BAX Baxter International Inc. compare | 30.1% |
| SOLV Solventum Corporation compare | 0.00% |
| Medical Instruments & Supplies industry median | 53.6% |
| Healthcare sector median | 53.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on WST
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement