West Pharmaceutical Services WST
NYSE WST
$333.54 -3.40 (-1.01%)
As of: Sep 10, 2026 · 11:57 AM EDT

West Pharmaceutical Services (WST) Operating Margin (2009 - 2026)

West Pharmaceutical Services' (WST) quarterly Operating Margin came in at 20.53% in Q2 2026, up 48.0% year-over-year from 13.87% in Q2 2025, and down 2.05% quarter-over-quarter from 20.96% in Q1 2026.

Analysis

West Pharmaceutical Services (WST) Operating Margin (2009 - 2026) Analysis & Trends

West Pharmaceutical Services has disclosed Operating Margin across 18 years of filings, most recently posting 20.53% for Q2 2026.

  • In Q2 2026, Operating Margin rose 48.0% year-over-year to 20.53%; the TTM figure through Jun 2026 stood at 20.45% (up 80.0% YoY), while the FY2025 annual figure was 19.03%, down 67.0% from the prior year.
  • Operating Margin came in at 20.53% for Q2 2026 at West Pharmaceutical Services, down from 20.96% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 29.61% in Q2 2022 to a low of 15.33% in Q1 2025.
  • Average Operating Margin over 5 years is 21.59%, with a median of 21.14% recorded in 2024.
  • Year-over-year, Operating Margin plunged 688 bps in 2022 and soared 563 bps in 2026.
  • Over 5 years, Operating Margin stood at 18.3% in 2022, then gained by 20 bps to 21.98% in 2023, then retreated by 3 bps to 21.31% in 2024, then dropped by 9 bps to 19.45% in 2025, then rose by 6 bps to 20.53% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 20.53% in Q2 2026, 20.96% in Q1 2026, and 19.45% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Becton Dickinson 48.75 Bn 47.89 Bn 2.32 Bn 13.31%
2 Medline 28.16 Bn 25.48 Bn 2.22 Bn 5.14%
3 West Pharmaceutical Services 23.60 Bn 23.17 Bn 329.20 Mn 20.53%
4 Baxter International 12.50 Bn 10.35 Bn 1.03 Bn 7.33%
5 Stevanato Group S.p.A 5.56 Bn 5.45 Bn 100.91 Mn 12.93%
6 Acme United 233.52 Mn 228.48 Mn 26.69 Mn 10.89%
7 Rockwell Medical 29.73 Mn 4.93 Mn 3.24 Mn -5.97%
8 Retractable Technologies 20.96 Mn -18.91 Mn 190,852.00 -71.46%
9 United Health Products 8.85 Mn 8.82 Mn - -
10 Cuprina Holdings (Cayman) 7.68 Mn 4.56 Mn - -
Historic Data

Historic Data

Download Data
DateValue
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%