West Pharmaceutical Services (WST) Gross Margin (2009 - 2026)
West Pharmaceutical Services (WST) posted Gross Margin of 37.74% for Q2 2026, up 7.58% sequentially from 35.08% in Q1 2026, and up 201.0% YoY from 12.54% in Q2 2025.
West Pharmaceutical Services (WST) Gross Margin (2009 - 2026) Analysis & Trends
West Pharmaceutical Services has reported Gross Margin for 18 years, with the latest figure at 37.74% in Q2 2026.
- Quarterly Gross Margin rose 201.0% year-over-year to 37.74% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 36.79% (up 151.0% YoY) and the FY2025 annual result came in at 35.91%, up 140.0% from the prior year.
- Gross Margin grew to 37.74% in Q2 2026 per WST's latest filing, from 35.08% in the prior quarter.
- Over five years, Gross Margin peaked at 41.68% in Q2 2022 and troughed at 32.76% in Q2 2024.
- A 5-year average of 36.9% and a median of 37.36% in 2026 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin sank 590 bps in 2024, then soared 297 bps in 2025.
- Over 5 years, Gross Margin stood at 36.98% in 2022, then rose by 3 bps to 38.01% in 2023, then retreated by 4 bps to 36.54% in 2024, then grew by 3 bps to 37.75% in 2025, then slipped by 0 bps to 37.74% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 37.74%, 35.08%, and 37.75% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 134.95 Bn | 129.73 Bn | 1.96 Bn | 67.78% |
| 2 | Becton Dickinson | 52.56 Bn | 51.70 Bn | 2.32 Bn | 46.46% |
| 3 | Alcon | 35.76 Bn | 34.41 Bn | 1.68 Bn | 59.33% |
| 4 | Resmed | 34.04 Bn | 32.57 Bn | 861.22 Mn | 58.84% |
| 5 | Medline | 29.10 Bn | 26.42 Bn | 2.22 Bn | 28.82% |
| 6 | West Pharmaceutical Services | 24.84 Bn | 24.40 Bn | 329.20 Mn | 37.74% |
| 7 | Solventum | 15.29 Bn | 14.89 Bn | 1.29 Bn | 58.22% |
| 8 | Cooper Companies | 14.84 Bn | 14.70 Bn | 735.40 Mn | 68.00% |
| 9 | Baxter International | 13.66 Bn | 11.51 Bn | 1.03 Bn | 34.86% |
| 10 | Align Technology | 11.39 Bn | 10.29 Bn | 757.43 Mn | 71.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.74% |
| Mar 31, 2026 | 35.08% |
| Dec 31, 2025 | 37.75% |
| Sep 30, 2025 | 36.58% |
| Jun 30, 2025 | 35.73% |
| Mar 31, 2025 | 33.22% |
| Dec 31, 2024 | 36.54% |
| Sep 30, 2024 | 35.44% |
| Jun 30, 2024 | 32.76% |
| Mar 31, 2024 | 33.10% |
| Dec 31, 2023 | 38.01% |
| Sep 30, 2023 | 38.57% |
| Jun 30, 2023 | 38.66% |
| Mar 31, 2023 | 37.86% |
| Dec 31, 2022 | 36.98% |
| Sep 30, 2022 | 39.02% |
| Jun 30, 2022 | 41.68% |
| Mar 31, 2022 | 39.53% |
| Dec 31, 2021 | 41.13% |
| Sep 30, 2021 | 40.79% |