West Pharmaceutical Services (WST) Research & Development (2009 - 2026)
West Pharmaceutical Services recorded quarterly Research & Development of $15.8 million in Q1 2026, down 27.52% quarter-over-quarter from $21.8 million in Q4 2025, and down 3.07% year-over-year from $16.3 million in Q1 2025.
West Pharmaceutical Services' Research & Development history runs 18 years deep, the most recent figure standing at $15.8 million for Q1 2026.
- In Q1 2026, Research & Development fell 3.07% year-over-year to $15.8 million; the TTM figure through Mar 2026 stood at $73.8 million (up 8.85% YoY), while the FY2025 annual figure was $74.3 million, up 7.53% from the prior year.
- Research & Development came in at $15.8 million for Q1 2026 at West Pharmaceutical Services, down 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 climbed 20.59% in 2023 and slipped 7.39% in 2025, its largest moves.
- West Pharmaceutical Services' Research & Development stood at $15.9 million in 2022, then increased by 15.72% to $18.4 million in 2023, then grew by 0.54% to $18.5 million in 2024, then climbed by 17.84% to $21.8 million in 2025, then declined by 27.52% to $15.8 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $15.8 million, $21.8 million, and $17.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 361.90 Mn |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 249.00 Mn |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 94.27 Mn |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 15.80 Mn |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 189.00 Mn |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 44.30 Mn |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 98.66 Mn |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 139.00 Mn |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | - |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 14.46 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 |
| Mar 31, 2021 | 12.20 Mn |
| Dec 31, 2020 | 12.90 Mn |
| Sep 30, 2020 | 12.50 Mn |
| Jun 30, 2020 | 10.80 Mn |
| Mar 31, 2020 | 10.70 Mn |
| Dec 31, 2019 | 10.20 Mn |
| Sep 30, 2019 | 9.30 Mn |
| Jun 30, 2019 | 9.60 Mn |
| Mar 31, 2019 | 9.80 Mn |
| Dec 31, 2018 | 9.80 Mn |
| Sep 30, 2018 | 10.10 Mn |
| Jun 30, 2018 | 10.80 Mn |
| Mar 31, 2018 | 9.60 Mn |
| Dec 31, 2017 | 9.70 Mn |
| Sep 30, 2017 | 9.10 Mn |
| Jun 30, 2017 | 10.00 Mn |
| Mar 31, 2017 | 10.30 Mn |
| Dec 31, 2016 | 9.60 Mn |
| Sep 30, 2016 | 9.00 Mn |
| Jun 30, 2016 | 8.80 Mn |
| Mar 31, 2016 | 9.40 Mn |
| Dec 31, 2015 | 10.00 Mn |
| Sep 30, 2015 | 8.50 Mn |
| Jun 30, 2015 | 8.10 Mn |
| Mar 31, 2015 | 7.50 Mn |
| Dec 31, 2014 | 7.80 Mn |
| Sep 30, 2014 | 9.60 Mn |
| Jun 30, 2014 | 9.90 Mn |
| Mar 31, 2014 | 10.00 Mn |
| Dec 31, 2013 | 9.70 Mn |
| Sep 30, 2013 | 9.60 Mn |
| Jun 30, 2013 | 9.50 Mn |
| Mar 31, 2013 | 9.10 Mn |
| Dec 31, 2012 | 8.60 Mn |
| Sep 30, 2012 | 8.20 Mn |
| Jun 30, 2012 | 8.20 Mn |
| Mar 31, 2012 | 8.30 Mn |
| Dec 31, 2011 | 7.20 Mn |
| Sep 30, 2011 | 7.70 Mn |
| Jun 30, 2011 | 7.30 Mn |
| Mar 31, 2011 | 6.90 Mn |
| Dec 31, 2010 | 6.90 Mn |
| Sep 30, 2010 | 5.90 Mn |
| Jun 30, 2010 | 5.70 Mn |
| Mar 31, 2010 | 5.40 Mn |
| Dec 31, 2009 | 5.80 Mn |
| Sep 30, 2009 | 5.10 Mn |
| Jun 30, 2009 | 4.70 Mn |