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.
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 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
| 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% |
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_KEY
import 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();