West Pharmaceutical Services (WST) Research & Development (2009 - 2026)
West Pharmaceutical Services' (WST) quarterly Research & Development came in at $15.8 million in Q1 2026, down 3.07% year-on-year from $16.3 million in Q1 2025, and down 27.52% quarter-over-quarter from $21.8 million in Q4 2025.
West Pharmaceutical Services (WST) Research & Development (2009 - 2026) Analysis & Trends
West Pharmaceutical Services has disclosed Research & Development across 18 years of filings, most recently posting $15.8 million for Q1 2026.
- Research & Development for Q1 2026 came in at $15.8 million, down 3.07% year-over-year; the trailing twelve-month figure through Mar 2026 was $73.8 million (up 8.85% YoY), and the FY2025 annual result 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.
- The 5-year median for Research & Development is $16.5 million (2023), against an average of $16.8 million.
- Across the five-year window, Research & Development advanced 20.59% in 2023 and decreased 7.39% in 2025, its largest moves.
- West Pharmaceutical Services' Research & Development stood at $15.9 million in 2022, then grew by 15.72% to $18.4 million in 2023, then climbed by 0.54% to $18.5 million in 2024, then advanced by 17.84% to $21.8 million in 2025, then dropped by 27.52% to $15.8 million in 2026.
- The last three Research & Development figures came in at $15.8 million (Q1 2026), $21.8 million (Q4 2025), and $17.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 361.90 Mn |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 249.00 Mn |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | - |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 94.27 Mn |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 15.80 Mn |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 189.00 Mn |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 42.50 Mn |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 98.66 Mn |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 139.00 Mn |
| 10 | Aptargroup | 7.72 Bn | 7.52 Bn | 351.91 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 |