Growth Metrics

West Pharmaceutical Services (WST) Gross Margin (2016 - 2025)

West Pharmaceutical Services' Gross Margin history spans 17 years, with the latest figure at 37.75% for Q4 2025.

  • For Q4 2025, Gross Margin rose 121.0% year-over-year to 37.75%; the TTM value through Dec 2025 reached 35.91%, up 140.0%, while the annual FY2025 figure was 35.91%, 140.0% up from the prior year.
  • Gross Margin for Q4 2025 was 37.75% at West Pharmaceutical Services, up from 36.58% in the prior quarter.
  • Across five years, Gross Margin topped out at 43.55% in Q2 2021 and bottomed at 32.76% in Q2 2024.
  • The 5-year median for Gross Margin is 37.93% (2023), against an average of 37.87%.
  • The largest annual shift saw Gross Margin soared 656bps in 2021 before it tumbled -590bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 41.13% in 2021, then fell by -10bps to 36.98% in 2022, then increased by 3bps to 38.01% in 2023, then fell by -4bps to 36.54% in 2024, then rose by 3bps to 37.75% in 2025.
  • Per Business Quant, the three most recent readings for WST's Gross Margin are 37.75% (Q4 2025), 36.58% (Q3 2025), and 35.73% (Q2 2025).