West Pharmaceutical Services (WST) Return on Invested Capital [ROIC] (2010 - 2026)
West Pharmaceutical Services (WST) reported Return on Invested Capital [ROIC] of 16.88% for Q2 2026, up 1.55 percentage points from 15.33% a year earlier and up 1.17 percentage points from the prior quarter.
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Analysis
West Pharmaceutical Services (WST) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, West Pharmaceutical Services posted Return on Invested Capital [ROIC] of 14.90%, down 0.68 percentage points from FY2024.
- Return on Invested Capital [ROIC] has declined for four consecutive years, with a five-year change of -2.01 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 15.58% in FY2024 (-3.06 pp), 18.64% in FY2023 (-3.44 pp), 22.08% in FY2022 (-5.09 pp) and 27.17% in FY2021 (+10.27 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q2 2024.
- Year over year, Return on Invested Capital [ROIC] gained in two of the last eight quarters, with an average year-over-year change of -1.19 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2021 (a gain of 9.31 percentage points); the low point was Q2 2023 (a drop of 7.42 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.71% (Q1 2026), 14.07% (Q4 2025) and 14.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 7.89% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 6.20% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 5.71% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 10.46% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 10.53% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 8.99% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 5.27% |
| 10 | West Pharmaceutical Services | 25.69 Bn | 23.31 Bn | 329.20 Mn | 16.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.88% |
| Mar 31, 2026 | 15.71% |
| Dec 31, 2025 | 14.07% |
| Sep 30, 2025 | 14.60% |
| Jun 30, 2025 | 15.33% |
| Mar 31, 2025 | 15.31% |
| Dec 31, 2024 | 15.93% |
| Sep 30, 2024 | 16.35% |
| Jun 30, 2024 | 17.25% |
| Mar 31, 2024 | 17.83% |
| Dec 31, 2023 | 18.09% |
| Sep 30, 2023 | 17.58% |
| Jun 30, 2023 | 18.10% |
| Mar 31, 2023 | 19.51% |
| Dec 31, 2022 | 21.89% |
| Sep 30, 2022 | 24.60% |
| Jun 30, 2022 | 25.52% |
| Mar 31, 2022 | 25.55% |
| Dec 31, 2021 | 25.33% |
| Sep 30, 2021 | 24.91% |
API Access
West Pharmaceutical Services Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=WST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=WST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();