West Pharmaceutical Services (WST) Research & Development (2009 - 2026)
West Pharmaceutical Services' (WST) quarterly Research & Development came in at $19.7 million in Q2 2026, up 3.14% year-over-year from $19.1 million in Q2 2025, and up 24.68% quarter-over-quarter from $15.8 million in Q1 2026.
Analysis
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 $19.7 million for Q2 2026.
- In Q2 2026, Research & Development rose 3.14% year-over-year to $19.7 million; the TTM figure through Jun 2026 stood at $74.4 million (up 7.2% YoY), while the FY2025 annual figure was $74.3 million, up 7.53% from the prior year.
- Research & Development came in at $19.7 million for Q2 2026 at West Pharmaceutical Services, up from $15.8 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.
- Average Research & Development over 5 years is $17.0 million, with a median of $16.8 million recorded in 2023.
- Year-over-year, Research & Development climbed 20.59% in 2023 and slipped 7.39% in 2025.
- Over 5 years, 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 decreased by 9.63% to $19.7 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $19.7 million in Q2 2026, $15.8 million in Q1 2026, and $21.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Becton Dickinson | 48.41 Bn | 47.55 Bn | 2.32 Bn | 258.00 Mn |
| 2 | Medline | 27.78 Bn | 25.10 Bn | 2.22 Bn | - |
| 3 | West Pharmaceutical Services | 24.42 Bn | 23.98 Bn | 329.20 Mn | 19.70 Mn |
| 4 | Baxter International | 12.49 Bn | 10.34 Bn | 1.03 Bn | 129.00 Mn |
| 5 | Stevanato Group S.p.A | 5.70 Bn | 5.59 Bn | 100.91 Mn | 7.22 Mn |
| 6 | Acme United | 235.29 Mn | 230.25 Mn | 26.69 Mn | - |
| 7 | Rockwell Medical | 31.39 Mn | 6.60 Mn | 3.24 Mn | 577,000.00 |
| 8 | Retractable Technologies | 21.15 Mn | -18.72 Mn | 190,852.00 | 1.53 Mn |
| 9 | United Health Products | 8.85 Mn | 8.82 Mn | - | 3,852.00 |
| 10 | Cuprina Holdings (Cayman) | 7.88 Mn | 4.76 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 |