West Pharmaceutical Services profit margin WST
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 17.0%
- Operating margin, 12 months
- 20.5%
- Net margin on a year earlier
- +0.5 pts
- Peer median
- 13.5%
Over the twelve months to Jun 30, 2026, West Pharmaceutical Services kept 17.0% of its revenue as net profit, with an operating margin of 20.5% and a gross margin of 36.8%.
Five years earlier its net margin was 20.6%.
The median for 10 medical instruments and supplies stocks of a similar size is 13.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 16.1% | 19.0% | 35.9% |
| FY2024 | 17.0% | 19.7% | 34.5% |
| FY2023 | 20.1% | 22.9% | 38.3% |
| FY2022 | 20.3% | 25.4% | 39.4% |
| FY2021 | 23.4% | 26.6% | 41.5% |
| FY2020 | 16.1% | 19.0% | 35.8% |
| FY2019 | 13.1% | 16.1% | 32.9% |
| FY2018 | 12.0% | 14.0% | 31.8% |
| FY2017 | 9.4% | 14.1% | 32.1% |
| FY2016 | 9.5% | 13.0% | 33.2% |
| FY2015 | 6.8% | 9.2% | 32.6% |
| FY2014 | 8.9% | 12.8% | 31.5% |
| FY2013 | 8.2% | 11.9% | 31.8% |
| FY2012 | 6.4% | 10.7% | 30.6% |
| FY2011 | 6.3% | 9.2% | 28.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 17.0% | +0.5 pts | 20.5% | |
| Q1 FY26 | 16.8% | +0.7 pts | 20.3% | |
| Q4 FY25 | 16.1% | −1.0 pts | 19.0% | |
| Q3 FY25 | 16.3% | −1.1 pts | 19.5% | |
| Q2 FY25 | 16.5% | −1.8 pts | 19.6% | |
| Q1 FY25 | 16.1% | −3.3 pts | 19.1% | |
| Q4 FY24 | 17.0% | −3.1 pts | 19.7% | |
| Q3 FY24 | 17.4% | −1.7 pts | 19.9% | |
| Q2 FY24 | 18.2% | +0.1 pts | 20.4% | |
| Q1 FY24 | 19.4% | +0.3 pts | 22.0% | |
| Q4 FY23 | 20.1% | −0.2 pts | 22.9% | |
| Q3 FY23 | 19.1% | −2.6 pts | 22.0% |
Against its peers
Companies in Medical - Instruments & Supplies nearest West Pharmaceutical Services' size, closest first, today.
| Company | Profit margin |
|---|---|
| WSTWest Pharmaceutical Services | 17.0% |
| RMDResMed | 26.9% |
| MDLNMedline | n/m |
| SOLVSolventum | 17.3% |
| BDXBecton, Dickinson and | 4.5% |
| PENPenumbra | 10.7% |
| COOCooper Companies | 13.5% |
| ALGNAlign Technology | 10.0% |
| GMEDGlobus Medical | 17.0% |
| PODDInsulet | 12.3% |
| MSAMSA Safety | 16.1% |
| Peer median | 13.5% |
Where West Pharmaceutical Services ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on West Pharmaceutical Services
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.