West Pharmaceutical Services (WST) Research & Development (2009 - 2026)
West Pharmaceutical Services (WST) reported Research & Development of $19.7 million for Q2 2026, up 3.1% from $19.1 million a year earlier and up 24.7% from the prior quarter.
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Analysis
West Pharmaceutical Services (WST) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, West Pharmaceutical Services' Research & Development came in at $74.4 million, up 7.2% year-over-year; for FY2025, it came in at $74.3 million, up 7.5% from FY2024.
- Research & Development has increased for six consecutive years, with a five-year compound annual growth rate of 9.6% (FY2020 to FY2025).
- By year, Research & Development came in at $69.1 million in FY2024 (+1.0%), $68.4 million in FY2023 (+16.9%), $58.5 million in FY2022 (+10.8%) and $52.8 million in FY2021 (+12.6%).
- Five-year quarterly Research & Development spans a low of $13.1 million in Q3 2021 and a high of $21.8 million in Q4 2025.
- Year over year, Research & Development gained in five of the last eight quarters, with growth averaging 3.1%.
- The high point for year-over-year Research & Development in five years was Q3 2023 (growth of 20.6%); the low point was Q1 2025 (a decline of 7.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $15.8 million (Q1 2026), $21.8 million (Q4 2025) and $17.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 254.87 Bn | 233.89 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 178.85 Bn | 149.28 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 158.49 Bn | 142.30 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 154.99 Bn | 134.41 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 121.02 Bn | 86.28 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 116.94 Bn | 103.05 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 66.98 Bn | 61.75 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 53.23 Bn | 50.38 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 50.83 Bn | 34.83 Bn | 1.35 Bn | 278.90 Mn |
| 10 | West Pharmaceutical Services | 27.53 Bn | 25.15 Bn | 329.20 Mn | 19.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.70 Mn |
| 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 |
API Access
West Pharmaceutical Services Research & Development 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=research-and-development&ticker=WST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=WST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();