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Saturday 17 October 2026 Export WST’s income statement to Excel — free account

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.

382.92 0.10 −0.03%
Market cap
$27.0B
P/E
48.7×
Fwd P/E
37.3×
Dividend yield
0.23%
F-score
8/9
Altman Z
13.89
Beneish M
−2.79
Dividend safety
100/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

West Pharmaceutical Services, Inc. (WST) Gross margin

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West Pharmaceutical Services, Inc.'s gross margin over the twelve months to 30 June 2026 was 36.8%, up 0.9 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 54.3% and below the Healthcare sector median of 53.5%.

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)
Jun 2026 37.7% 2.66
Mar 2026 35.1% (2.67)
Dec 2025 37.8% 1.17
Sep 2025 36.6% 0.85
42 more quarters

Against its own ten years

Low 31.8% High 41.5%
Ten-year median 34.5%
Current reading's percentile 69

Gross margin against peers

Company Gross margin
COO The Cooper Companies, Inc. compare 65.9%
RMD ResMed Inc. compare 61.1%
ALC Alcon compare 56.9%
SOLV Solventum Corporation compare 54.7%
RGEN Repligen Corporation compare 53.5%
BDX Becton, Dickinson and Company compare 46.7%
MDLN Medline Inc. compare 46.3%
WST West Pharmaceutical Services, Inc. 36.8%
BAX Baxter International Inc. compare 30.1%
Medical Instruments & Supplies industry median 54.3%
Healthcare sector median 53.5%
Market median 46.2%

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

The full definition of Gross margin →

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