West Pharmaceutical Services (WST) Research & Development (2009 - 2026)
West Pharmaceutical Services (WST) reported Research & Development of $15.8 million for Q1 2026, down 3.07% on a YoY basis from $16.3 million in Q1 2025, and down 27.52% sequentially from $21.8 million in Q4 2025.
West Pharmaceutical Services (WST) Research & Development (2009 - 2026) Analysis & Trends
West Pharmaceutical Services (WST) has 18 years of Research & Development data on file, last reported at $15.8 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 3.07% year-over-year to $15.8 million; the trailing twelve-month figure through Mar 2026 stood at $73.8 million (up 8.85% YoY), and the FY2025 full-year result was $74.3 million, up 7.53% from the prior year.
- Research & Development fell to $15.8 million in Q1 2026, from $21.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $21.8 million in Q4 2025 to a low of $13.6 million in Q3 2022.
- A 5-year average of $16.8 million and a median of $16.5 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development advanced 20.59% in 2023 and decreased 7.39% in 2025, its largest moves.
- Tracing WST's Research & Development over 5 years: stood at $15.9 million in 2022, then climbed by 15.72% to $18.4 million in 2023, then advanced by 0.54% to $18.5 million in 2024, then gained by 17.84% to $21.8 million in 2025, then slipped by 27.52% to $15.8 million in 2026.
- Business Quant data shows WST's Research & Development at $15.8 million in Q1 2026, $21.8 million in Q4 2025, and $17.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 33,163,703.85 Bn | 33,163,702.19 Bn | 1.53 Bn | -245.00 Mn |
| 2 | Intuitive Surgical | 119.67 Bn | 114.45 Bn | 1.96 Bn | 370.60 Mn |
| 3 | Becton Dickinson | 43.92 Bn | 43.11 Bn | 2.15 Bn | 249.00 Mn |
| 4 | Medline | 31.71 Bn | 29.47 Bn | 1.84 Bn | - |
| 5 | Resmed | 28.46 Bn | 26.80 Bn | 890.98 Mn | 94.27 Mn |
| 6 | West Pharmaceutical Services | 23.80 Bn | 23.28 Bn | 296.40 Mn | 15.80 Mn |
| 7 | Cooper Companies | 13.77 Bn | 13.63 Bn | 735.40 Mn | 42.50 Mn |
| 8 | Solventum | 13.63 Bn | 13.06 Bn | 1.10 Bn | 189.00 Mn |
| 9 | Align Technology | 11.94 Bn | 10.88 Bn | 736.59 Mn | 98.66 Mn |
| 10 | Baxter International | 11.56 Bn | 9.54 Bn | 891.00 Mn | 139.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.80 Mn |
| Dec 31, 2025 | 21.80 Mn |
| Sep 30, 2025 | 17.10 Mn |
| Jun 30, 2025 | 19.10 Mn |
| Mar 31, 2025 | 16.30 Mn |
| Dec 31, 2024 | 18.50 Mn |
| Sep 30, 2024 | 15.50 Mn |
| Jun 30, 2024 | 17.50 Mn |
| Mar 31, 2024 | 17.60 Mn |
| Dec 31, 2023 | 18.40 Mn |
| Sep 30, 2023 | 16.40 Mn |
| Jun 30, 2023 | 16.50 Mn |
| Mar 31, 2023 | 17.10 Mn |
| Dec 31, 2022 | 15.90 Mn |
| Sep 30, 2022 | 13.60 Mn |
| Jun 30, 2022 | 14.40 Mn |
| Mar 31, 2022 | 14.60 Mn |
| Dec 31, 2021 | 13.70 Mn |
| Sep 30, 2021 | 13.10 Mn |
| Jun 30, 2021 | 13.80 Mn |