West Pharmaceutical Services (WST) Net Margin (2009 - 2026)
West Pharmaceutical Services' (WST) quarterly Net Margin came in at 16.03% in Q1 2026, up 365.0% year-on-year from 3.45% in Q1 2025, and up 0.63% quarter-over-quarter from 15.93% in Q4 2025.
West Pharmaceutical Services (WST) Net Margin (2009 - 2026) Analysis & Trends
West Pharmaceutical Services has disclosed Net Margin across 18 years of filings, most recently posting 16.03% for Q1 2026.
- Net Margin for Q1 2026 came in at 16.03%, up 365.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.4% (up 74.0% YoY), and the FY2025 annual result was 15.59%, down 93.0% from the prior year.
- Net Margin came in at 16.03% for Q1 2026 at West Pharmaceutical Services, up from 15.93% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 23.73% in Q2 2022 to a low of 12.38% in Q1 2025.
- The 5-year median for Net Margin is 17.11% (2024), against an average of 17.63%.
- Across the five-year window, Net Margin plunged 708 bps in 2022 and surged 423 bps in 2023, its largest moves.
- West Pharmaceutical Services' Net Margin stood at 14.08% in 2022, then grew by 30 bps to 18.27% in 2023, then retreated by 6 bps to 17.11% in 2024, then decreased by 7 bps to 15.93% in 2025, then rose by 1 bps to 16.03% in 2026.
- The last three Net Margin figures came in at 16.03% (Q1 2026), 15.93% (Q4 2025), and 17.14% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 29.81% |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | -5.81% |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 3.25% |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 27.86% |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 16.03% |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 0.65% |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | -7.20% |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 10.84% |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 0.07% |
| 10 | Aptargroup | 7.72 Bn | 7.52 Bn | 351.91 Mn | 7.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.03% |
| Dec 31, 2025 | 15.93% |
| Sep 30, 2025 | 17.14% |
| Jun 30, 2025 | 16.54% |
| Mar 31, 2025 | 12.38% |
| Dec 31, 2024 | 17.11% |
| Sep 30, 2024 | 17.69% |
| Jun 30, 2024 | 15.21% |
| Mar 31, 2024 | 15.96% |
| Dec 31, 2023 | 18.27% |
| Sep 30, 2023 | 21.09% |
| Jun 30, 2023 | 19.91% |
| Mar 31, 2023 | 18.74% |
| Dec 31, 2022 | 14.08% |
| Sep 30, 2022 | 16.86% |
| Jun 30, 2022 | 23.73% |
| Mar 31, 2022 | 23.14% |
| Dec 31, 2021 | 20.21% |
| Sep 30, 2021 | 23.93% |
| Jun 30, 2021 | 24.70% |