WST
West Pharmaceutical Services Inc
NYSE: WST · HEALTHCARE · MEDICAL INSTRUMENTS & SUPPLIES
$295.36
+1.11% today
Updated 2026-04-29
Market cap
$20.64B
P/E ratio
39.05
P/S ratio
6.41x
EPS (TTM)
$7.48
Dividend yield
0.28%
52W range
$202 – $322
Volume
0.9M
West Pharmaceutical Services Inc (WST) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $913.30M | $1.02B | $1.05B | $1.06B | $1.10B | $1.19B | $1.27B | $1.37B | $1.42B | $1.40B | $1.51B | $1.60B | $1.72B | $1.84B | $2.15B | $2.83B | $2.89B | $2.95B | $2.89B | $3.07B |
| Revenue growth (YoY) | — | +11.7% | +3.0% | +0.4% | +4.6% | +8.0% | +6.2% | +8.1% | +3.9% | -1.5% | +7.8% | +6.0% | +7.4% | +7.3% | +16.4% | +31.9% | +1.9% | +2.3% | -2.0% | +6.3% |
| Cost of revenue | $651.50M | $728.30M | $748.50M | $752.10M | $787.10M | $853.60M | $878.60M | $933.70M | $973.60M | $944.00M | $1.01B | $1.09B | $1.17B | $1.23B | $1.38B | $1.66B | $1.75B | $1.82B | $1.89B | $1.97B |
| Gross profit | $261.80M | $291.80M | $302.60M | $303.60M | $317.60M | $339.00M | $387.80M | $434.70M | $447.80M | $455.80M | $501.10M | $512.60M | $546.30M | $608.80M | $767.90M | $1.17B | $1.14B | $1.13B | $1.00B | $1.10B |
| Gross margin | 28.7% | 28.6% | 28.8% | 28.8% | 28.7% | 28.4% | 30.6% | 31.8% | 31.5% | 32.6% | 33.2% | 32.1% | 31.8% | 33.0% | 35.8% | 41.5% | 39.5% | 38.4% | 34.6% | 35.9% |
| R&D | $11.10M | $16.10M | $18.70M | $19.90M | $23.90M | $29.10M | $33.20M | $37.90M | $37.30M | $34.10M | $36.80M | $39.10M | $40.30M | $38.90M | $46.90M | $52.80M | $58.50M | $68.40M | $69.10M | $74.30M |
| SG&A | $155.90M | $152.50M | $159.30M | $177.70M | $187.70M | $191.10M | $218.10M | $234.90M | $228.70M | $233.00M | $239.80M | $242.60M | $262.90M | $272.70M | $302.00M | $362.80M | $343.70M | $353.40M | $338.50M | $388.70M |
| Operating income | $105.70M | $113.00M | $124.60M | $106.00M | $106.00M | $115.90M | $136.50M | $162.40M | $182.00M | $128.60M | $196.80M | $228.90M | $254.80M | $297.20M | $419.00M | $758.70M | $763.50M | $710.90M | $594.60M | $617.40M |
| Operating margin | 11.6% | 11.1% | 11.9% | 10.0% | 9.6% | 9.7% | 10.8% | 11.9% | 12.8% | 9.2% | 13.0% | 14.3% | 14.8% | 16.1% | 19.5% | 26.8% | 26.5% | 24.1% | 20.6% | 20.1% |
| EBITDA | $149.90M | $157.50M | $186.10M | $166.40M | $161.30M | $183.40M | $200.00M | $247.60M | $272.00M | $218.50M | $287.50M | $325.60M | $353.20M | $403.20M | $518.90M | $879.70M | $808.10M | $844.10M | $743.80M | $723.60M |
| EBITDA margin | 16.4% | 15.4% | 17.7% | 15.8% | 14.6% | 15.4% | 15.8% | 18.1% | 19.1% | 15.6% | 19.1% | 20.4% | 20.6% | 21.9% | 24.2% | 31.1% | 28.0% | 28.6% | 25.7% | 23.5% |
| EBIT | $97.20M | $100.90M | $125.50M | $98.30M | $88.10M | $107.70M | $123.10M | $162.40M | $182.00M | $128.60M | $196.80M | $228.90M | $248.80M | $299.80M | $409.80M | $757.40M | $687.50M | $706.80M | $588.40M | $599.20M |
| Interest expense | $12.70M | $14.50M | $16.00M | $15.20M | $13.60M | $15.00M | $14.50M | $15.10M | $13.00M | $12.50M | $7.00M | $6.50M | $8.10M | $8.00M | $8.50M | $8.50M | $7.60M | $8.80M | $2.90M | $600000.00 |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $67.10M | $70.70M | $86.00M | $72.60M | $65.30M | $75.50M | $80.70M | $112.30M | $127.10M | $95.60M | $143.60M | $150.70M | $206.90M | $241.70M | $346.20M | $661.80M | $585.90M | $593.40M | $492.70M | $493.70M |
| Net income growth (YoY) | — | +5.4% | +21.6% | -15.6% | -10.1% | +15.6% | +6.9% | +39.2% | +13.2% | -24.8% | +50.2% | +4.9% | +37.3% | +16.8% | +43.2% | +91.2% | -11.5% | +1.3% | -17.0% | +0.2% |
| Profit margin | 7.3% | 6.9% | 8.2% | 6.9% | 5.9% | 6.3% | 6.4% | 8.2% | 8.9% | 6.8% | 9.5% | 9.4% | 12.0% | 13.1% | 16.1% | 23.4% | 20.3% | 20.1% | 17.0% | 16.1% |