West Pharmaceutical Services (WST) Gross Margin (2009 - 2026)
West Pharmaceutical Services recorded quarterly Gross Margin of 35.08% in Q1 2026, down 7.07% quarter-over-quarter from 37.75% in Q4 2025, and up 186.0% year-over-year from 12.27% in Q1 2025.
West Pharmaceutical Services' Gross Margin history runs 18 years deep, the most recent figure standing at 35.08% for Q1 2026.
- In Q1 2026, Gross Margin rose 186.0% year-over-year to 35.08%; the TTM figure through Mar 2026 stood at 36.28% (up 174.0% YoY), while the FY2025 annual figure was 35.91%, up 140.0% from the prior year.
- Gross Margin came in at 35.08% for Q1 2026 at West Pharmaceutical Services, down from 37.75% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 41.68% in Q2 2022 to a low of 32.76% in Q2 2024.
- A 5-year average of 36.85% and a median of 36.98% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 590 bps in 2024 and surged 297 bps in 2025, its largest moves.
- West Pharmaceutical Services' Gross Margin stood at 36.98% in 2022, then increased by 3 bps to 38.01% in 2023, then fell by 4 bps to 36.54% in 2024, then climbed by 3 bps to 37.75% in 2025, then decreased by 7 bps to 35.08% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 35.08%, 37.75%, and 36.58% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 66.06% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 45.69% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 62.25% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 35.08% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 54.66% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 67.88% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 70.82% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 32.99% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 35.80% |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 55.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 43.55% |
| Mar 31, 2021 | 40.54% |
| Dec 31, 2020 | 36.38% |
| Sep 30, 2020 | 35.51% |
| Jun 30, 2020 | 37.01% |
| Mar 31, 2020 | 33.98% |
| Dec 31, 2019 | 32.55% |
| Sep 30, 2019 | 32.41% |
| Jun 30, 2019 | 33.62% |
| Mar 31, 2019 | 33.10% |
| Dec 31, 2018 | 31.53% |
| Sep 30, 2018 | 31.41% |
| Jun 30, 2018 | 31.78% |
| Mar 31, 2018 | 32.33% |
| Dec 31, 2017 | 30.94% |
| Sep 30, 2017 | 31.42% |
| Jun 30, 2017 | 31.44% |
| Mar 31, 2017 | 34.61% |
| Dec 31, 2016 | 32.36% |
| Sep 30, 2016 | 32.15% |
| Jun 30, 2016 | 34.36% |
| Mar 31, 2016 | 34.05% |
| Dec 31, 2015 | 33.25% |
| Sep 30, 2015 | 31.44% |
| Jun 30, 2015 | 32.86% |
| Mar 31, 2015 | 32.66% |
| Dec 31, 2014 | 31.36% |
| Sep 30, 2014 | 30.88% |
| Jun 30, 2014 | 33.02% |
| Mar 31, 2014 | 30.68% |
| Dec 31, 2013 | 31.11% |
| Sep 30, 2013 | 30.87% |
| Jun 30, 2013 | 32.19% |
| Mar 31, 2013 | 32.91% |
| Dec 31, 2012 | 30.33% |
| Sep 30, 2012 | 29.76% |
| Jun 30, 2012 | 30.39% |
| Mar 31, 2012 | 31.96% |
| Dec 31, 2011 | 28.88% |
| Sep 30, 2011 | 27.72% |
| Jun 30, 2011 | 27.48% |
| Mar 31, 2011 | 29.79% |
| Dec 31, 2010 | 28.18% |
| Sep 30, 2010 | 27.52% |
| Jun 30, 2010 | 29.52% |
| Mar 31, 2010 | 29.92% |
| Dec 31, 2009 | 28.60% |
| Sep 30, 2009 | 27.69% |
| Jun 30, 2009 | 30.15% |