West Pharmaceutical Services (WST) Net Margin (2009 - 2026)
West Pharmaceutical Services (WST) posted Net Margin of 16.96% for Q2 2026, up 5.8% sequentially from 16.03% in Q1 2026, and up 41.0% YoY from 12.02% in Q2 2025.
West Pharmaceutical Services (WST) Net Margin (2009 - 2026) Analysis & Trends
West Pharmaceutical Services has reported Net Margin for 18 years, with the latest figure at 16.96% in Q2 2026.
- Quarterly Net Margin rose 41.0% year-over-year to 16.96% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 16.51% (up 52.0% YoY) and the FY2025 annual result came in at 15.59%, down 93.0% from the prior year.
- Net Margin improved to 16.96% in Q2 2026 per WST's latest filing, from 16.03% in the prior quarter.
- Over five years, Net Margin peaked at 23.73% in Q2 2022 and troughed at 12.38% in Q1 2025.
- A 5-year average of 17.6% and a median of 17.03% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2023: Net Margin plunged 708 bps in 2022, then jumped 423 bps in 2023.
- Over 5 years, Net Margin stood at 14.08% in 2022, then gained by 30 bps to 18.27% in 2023, then fell by 6 bps to 17.11% in 2024, then dropped by 7 bps to 15.93% in 2025, then rose by 6 bps to 16.96% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 16.96%, 16.03%, and 15.93% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 28.46% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 7.59% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | - |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 26.20% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 1.81% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 16.96% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 4.21% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | -7.20% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 4.26% |
| 10 | Align Technology | 11.37 Bn | 10.27 Bn | 757.43 Mn | 10.25% |
Historic Data
Download 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% |