West Pharmaceutical Services (WST) Net Margin (2009 - 2026)
West Pharmaceutical Services' (WST) quarterly Net Margin came in at 16.96% in Q2 2026, up 41.0% year-over-year from 12.02% in Q2 2025, and up 5.8% quarter-over-quarter from 16.03% in Q1 2026.
Analysis
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 16.96% for Q2 2026.
- In Q2 2026, Net Margin rose 41.0% year-over-year to 16.96%; the TTM figure through Jun 2026 stood at 16.51% (up 52.0% YoY), while the FY2025 annual figure was 15.59%, down 93.0% from the prior year.
- Net Margin came in at 16.96% for Q2 2026 at West Pharmaceutical Services, up from 16.03% 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.
- Average Net Margin over 5 years is 17.6%, with a median of 17.03% recorded in 2024.
- Year-over-year, Net Margin tumbled 708 bps in 2022 and soared 423 bps in 2023.
- Over 5 years, Net Margin stood at 14.08% in 2022, then increased by 30 bps to 18.27% in 2023, then dropped by 6 bps to 17.11% in 2024, then decreased by 7 bps to 15.93% in 2025, then grew by 6 bps to 16.96% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 16.96% in Q2 2026, 16.03% in Q1 2026, and 15.93% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Becton Dickinson | 49.48 Bn | 48.62 Bn | 2.32 Bn | 7.59% |
| 2 | Medline | 29.24 Bn | 26.56 Bn | 2.22 Bn | 1.81% |
| 3 | West Pharmaceutical Services | 23.94 Bn | 23.51 Bn | 329.20 Mn | 16.96% |
| 4 | Baxter International | 12.66 Bn | 10.51 Bn | 1.03 Bn | 4.26% |
| 5 | Stevanato Group S.p.A | 5.51 Bn | 5.40 Bn | 100.91 Mn | 7.60% |
| 6 | Acme United | 233.67 Mn | 228.63 Mn | 26.69 Mn | 8.05% |
| 7 | Rockwell Medical | 31.87 Mn | 7.07 Mn | 3.24 Mn | -7.32% |
| 8 | Retractable Technologies | 21.39 Mn | -18.48 Mn | 190,852.00 | 38.51% |
| 9 | United Health Products | 9.09 Mn | 9.06 Mn | - | - |
| 10 | Cuprina Holdings (Cayman) | 7.45 Mn | 4.33 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.96% |
| 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% |