West Pharmaceutical Services (WST) Gross Margin (2009 - 2026)
West Pharmaceutical Services (WST) posted Gross Margin of 37.74% for Q2 2026, up 2.01 percentage points from 35.73% a year earlier and up 2.66 percentage points from the prior quarter.
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Analysis
West Pharmaceutical Services (WST) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at West Pharmaceutical Services was 36.79%, up 1.51 percentage points year-over-year; for FY2025, it came in at 35.91%, up 1.40 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +0.15 percentage points (FY2020 to FY2025).
- In prior years, West Pharmaceutical Services' Gross Margin was 34.51% in FY2024 (-3.77 pp), 38.28% in FY2023 (-1.08 pp), 39.36% in FY2022 (-2.17 pp) and 41.52% in FY2021 (+5.76 pp).
- Quarterly Gross Margin has run from a low of 32.76% in Q2 2024 to a high of 41.68% in Q2 2022 over five years.
- On a year-over-year basis, Gross Margin has increased in each of the last six quarters, with an average year-over-year change of +0.59 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q3 2021, with a gain of 5.28 percentage points; the weakest was Q2 2024, with a drop of 5.90 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 35.08% (Q1 2026), 37.75% (Q4 2025) and 36.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 46.46% |
| 10 | West Pharmaceutical Services | 26.08 Bn | 23.71 Bn | 329.20 Mn | 37.74% |
Historic Data
Download Data
Historic 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% |
API Access
West Pharmaceutical Services Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();