West Pharmaceutical Services WST
NYSE WST
$344.46 +7.52 (+2.23%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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