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) Operating margin
West Pharmaceutical Services, Inc.'s operating margin over the twelve months to 30 June 2026 was 20.5%, up 1.4 percentage points from fiscal 2025 (19.0%). Over the past ten years it has ranged from 9.19% (fiscal 2015) to 26.6% (fiscal 2021); the current reading is higher than 64% of that period. That is above the Medical Instruments & Supplies industry median of 1.07% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 19.0% | (0.67) |
| FY2024 | 19.7% | (3.22) |
| FY2023 | 22.9% | (2.51) |
| FY2022 | 25.4% | (1.14) |
| FY2021 | 26.6% | 7.62 |
| FY2020 | 19.0% | 2.83 |
| FY2019 | 16.1% | 2.13 |
| FY2018 | 14.0% | (0.13) |
| FY2017 | 14.1% | 1.19 |
| FY2016 | 12.9% | 3.74 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 20.5% | (0.43) |
| Mar 2026 | 21.0% | 1.51 |
| Dec 2025 | 19.5% | (1.38) |
| Sep 2025 | 20.8% | 0.78 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| RMD ResMed Inc. compare | 33.4% |
| MDLN Medline Inc. compare | 31.1% |
| SOLV Solventum Corporation compare | 25.0% |
| WST West Pharmaceutical Services, Inc. | 20.5% |
| COO The Cooper Companies, Inc. compare | 12.8% |
| BDX Becton, Dickinson and Company compare | 10.3% |
| ALC Alcon compare | 8.73% |
| RGEN Repligen Corporation compare | 8.23% |
| BAX Baxter International Inc. compare | −2.39% |
| Medical Instruments & Supplies industry median | 1.07% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on WST
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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