West Pharmaceutical Services (WST) Operating Margin (2009 - 2026)
West Pharmaceutical Services (WST) posted quarterly Operating Margin of 20.53% for Q2 2026, up 48.0% year-on-year from 13.87% in Q2 2025, and down 2.05% on a QoQ basis from 20.96% in Q1 2026.
West Pharmaceutical Services (WST) Operating Margin (2009 - 2026) Analysis & Trends
West Pharmaceutical Services (WST) has reported Operating Margin for 18 consecutive years, with 20.53% the latest figure, recorded in Q2 2026.
- Quarterly Operating Margin rose 48.0% year-over-year to 20.53% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.45% (up 80.0% YoY) and the FY2025 annual result came in at 19.03%, down 67.0% from the prior year.
- Operating Margin declined to 20.53% in Q2 2026 per WST's latest filing, from 20.96% in the prior quarter.
- Over the last five years, Operating Margin for WST reached as high as 29.61% in Q2 2022 and fell as low as 15.33% in Q1 2025.
- A 5-year average of 21.59% and a median of 21.14% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin sank 688 bps — and 2026, when it soared 563 bps.
- Year by year, Operating Margin stood at 18.3% in 2022, then rose by 20 bps to 21.98% in 2023, then fell by 3 bps to 21.31% in 2024, then slipped by 9 bps to 19.45% in 2025, then increased by 6 bps to 20.53% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 20.53%, 20.96%, and 19.45% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 98.77% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 33.60% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 1.97% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 5.74% |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 34.92% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 20.53% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | -2.87% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 4.04% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 13.65% |
| 10 | Baxter International | 11.17 Bn | 9.12 Bn | 891.00 Mn | 2.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.53% |
| Mar 31, 2026 | 20.96% |
| Dec 31, 2025 | 19.45% |
| Sep 30, 2025 | 20.83% |
| Jun 30, 2025 | 20.05% |
| Mar 31, 2025 | 15.33% |
| Dec 31, 2024 | 21.31% |
| Sep 30, 2024 | 21.60% |
| Jun 30, 2024 | 17.97% |
| Mar 31, 2024 | 17.66% |
| Dec 31, 2023 | 21.98% |
| Sep 30, 2023 | 23.72% |
| Jun 30, 2023 | 24.21% |
| Mar 31, 2023 | 21.67% |
| Dec 31, 2022 | 18.30% |
| Sep 30, 2022 | 27.11% |
| Jun 30, 2022 | 29.61% |
| Mar 31, 2022 | 26.35% |
| Dec 31, 2021 | 25.18% |
| Sep 30, 2021 | 25.68% |