West Pharmaceutical Services (WST) Operating Margin (2009 - 2026)
West Pharmaceutical Services' Operating Margin was 20.53% in Q2 2026, up 0.48 percentage points from 20.05% a year earlier but down 0.43 percentage points from the prior quarter.
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Analysis
West Pharmaceutical Services (WST) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, West Pharmaceutical Services' Operating Margin was 20.45% through Jun 30, 2026, up 0.80 percentage points year-over-year; for FY2025, it came in at 19.03%, down 0.67 percentage points from FY2024.
- Operating Margin has now declined for four consecutive years, though with a five-year change of +0.07 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 19.70% in FY2024 (-3.22 pp), 22.92% in FY2023 (-2.51 pp), 25.43% in FY2022 (-1.14 pp) and 26.57% in FY2021 (+7.62 pp).
- Quarterly Operating Margin has moved between 15.33% (Q1 2025) and 29.61% (Q2 2022) over five years.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.05 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q3 2021 (a gain of 7.57 percentage points); the worst was Q4 2022 (a drop of 6.88 percentage points).
- Per Business Quant data, WST's Operating Margin in the three quarters before Q2 2026 was 20.96% (Q1 2026), 19.45% (Q4 2025) and 20.83% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 21.65% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 29.48% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 13.31% |
| 10 | West Pharmaceutical Services | 26.52 Bn | 24.14 Bn | 329.20 Mn | 20.53% |
Historic Data
Download Data
Historic 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% |
API Access
West Pharmaceutical Services Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=WST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "WST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=WST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();