West Pharmaceutical Services (WST) Net Margin (2009 - 2026)
West Pharmaceutical Services (WST) reported Net Margin of 17.65% for Q2 2026, up 0.46 percentage points from 17.20% a year earlier and up 1.23 percentage points from the prior quarter.
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Analysis
West Pharmaceutical Services (WST) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, West Pharmaceutical Services' Net Margin came in at 16.98%, up 0.51 percentage points year-over-year; for FY2025, it was 16.06%, down 0.97 percentage points from FY2024.
- Net Margin has declined for four consecutive years, with a five-year change of -0.07 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 17.03% in FY2024 (-3.09 pp), 20.12% in FY2023 (-0.18 pp), 20.30% in FY2022 (-3.08 pp) and 23.37% in FY2021 (+7.25 pp).
- The Q2 2026 figure ranks as the highest quarterly Net Margin since Q3 2024.
- Year over year, Net Margin gained in three of the last eight quarters, with an average year-over-year change of -0.60 percentage points.
- The high point for year-over-year Net Margin in five years was Q3 2021 (a gain of 9.84 percentage points); the low point was Q3 2022 (a drop of 7.30 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 16.43% (Q1 2026), 16.41% (Q4 2025) and 17.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 16.67% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 13.89% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 7.57% |
| 10 | West Pharmaceutical Services | 26.52 Bn | 24.14 Bn | 329.20 Mn | 17.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.65% |
| Mar 31, 2026 | 16.43% |
| Dec 31, 2025 | 16.41% |
| Sep 30, 2025 | 17.40% |
| Jun 30, 2025 | 17.20% |
| Mar 31, 2025 | 12.87% |
| Dec 31, 2024 | 17.37% |
| Sep 30, 2024 | 18.21% |
| Jun 30, 2024 | 15.85% |
| Mar 31, 2024 | 16.58% |
| Dec 31, 2023 | 18.72% |
| Sep 30, 2023 | 21.58% |
| Jun 30, 2023 | 20.58% |
| Mar 31, 2023 | 19.54% |
| Dec 31, 2022 | 14.53% |
| Sep 30, 2022 | 17.56% |
| Jun 30, 2022 | 24.44% |
| Mar 31, 2022 | 24.14% |
| Dec 31, 2021 | 20.21% |
| Sep 30, 2021 | 24.85% |
API Access
West Pharmaceutical Services Net 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=net-margin&ticker=WST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=WST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();