analyzeportfolio
NYSE · Healthcare

WEST PHARMACEUTICAL SERVICES INC (WST)

As-reported financials and SEC filings for WEST PHARMACEUTICAL SERVICES INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About WEST PHARMACEUTICAL SERVICES INC

West Pharmaceutical Services Inc manufactures advanced containment and delivery systems for injectable drugs and healthcare products. Its main offerings include proprietary packaging components, drug delivery devices, and contract manufacturing services for pharmaceutical, biologic, generic, diagnostic, and medical device companies worldwide. The company operates through two segments: Proprietary Products, which provides packaging and delivery solutions, and Contract-Manufactured Products, which focuses on custom manufacturing and assembly of complex devices.

Snapshot

Revenue
$3.07B
Revenue growth (YoY)
6.3%
Net income
$493.7M
Diluted EPS
$6.79
Gross margin
35.9%
Operating margin
19.0%
Net margin
16.1%
FCF margin
15.3%
ROE
15.5%
net income / fiscal-year-end equity
P/E
43.4×
trailing when available, otherwise FY EPS
Market cap
$23.83B
Long-term debt / equity
0.06×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at West Pharmaceutical Services

  • Revenue grew 6.3% to $3.1B in FY2025, after a 1.9% decline the year before.
  • Operating margin is 19.0% in FY2025, -7.5 pp against 26.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $872M, up 13.8% from Q2 FY2025.
  • Free cash flow was $469M in FY2025, 15.3% of revenue.
  • Net income rose 0.2% to $494M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where West Pharmaceutical Services’s fundamentals sit among the 88 medical device companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin35.9%
11th percentile of 77
Operating margin19.0%
90th percentile of 80
Net margin16.1%
89th percentile of 81
FCF margin15.3%
82nd percentile of 74
Revenue growth (YoY)+6.3%
30th percentile of 87
ROE15.5%
85th percentile of 79
P/E43.4×
74th percentile of 32
Long-term debt / equity0.06×
11th percentile of 54
Short interest4.11d
62nd percentile of 88

West Pharmaceutical Services’s operating margin of 19.0% ranks in the 90th percentile of the 80 medical device companies reporting it. West Pharmaceutical Services’s gross margin of 35.9% ranks in the 11th percentile of the 77 medical device companies reporting it. West Pharmaceutical Services’s net margin of 16.1% ranks in the 89th percentile of the 81 medical device companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
6
5 trimmed, 1 exited
Combined position
$446.3M
reported long value
InvestorAs ofPosition valueSharesChange
Gates Foundation TrustQ2 2026$159.6M444.5KHeld
Citadel AdvisorsquantQ2 2026$126.6M352.8KAdded
Point72 Asset ManagementquantQ2 2026$101.7M283.4KAdded
AQR Capital ManagementquantQ2 2026$20.3M57.6KReduced
Renaissance TechnologiesquantQ2 2026$11.1M30.9KReduced
Millennium ManagementquantQ2 2026$7.6M21.3KAdded
Two Sigma InvestmentsquantQ2 2026$6.5M18.2KReduced
D. E. ShawquantQ2 2026$4.6M12.9KReduced
Gotham Asset ManagementQ2 2026$4.3M12.1KAdded
Bridgewater AssociatesQ2 2026$3.7M10.4KReduced

No longer held by: Viking Global Investors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-04-27
filed 2026-04-29
Favorite Annette FSr. VP & Chief HR OfficerSell2.8K$305.20$860K
2026-04-27
filed 2026-04-29
Winters ChadVP, Chief Accounting OfficerSell896$300.67$269K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.1M
settled 2026-08-14
Change vs prior
-15.4%
vs previous settlement
Days to cover
4.11
at avg daily volume
Avg daily volume
516.3K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.1M-15.4%4.11
2026-07-312.5M+6.4%2.54
2026-07-152.4M+1.9%3.58
2026-06-302.3M+1.3%2.33
2026-06-152.3M-1.6%3.52
2026-05-292.3M+1.9%3.37
2026-05-152.3M-5.9%2.63
2026-04-302.4M-8.9%2.06

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.07B$2.89B$2.95B$2.89B$2.83B
Gross profit$1.10B$998.5M$1.13B$1.14B$1.18B
Operating income$584.9M$569.9M$676.0M$734.0M$752.3M
Net income$493.7M$492.7M$593.4M$585.9M$661.8M
Diluted EPS$6.79$6.69$7.88$7.73$8.67

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$754.8M$653.4M$776.5M$724.0M$584.0M
Capital expenditure$285.9M$377.0M$362.0M$284.6M$253.4M
Free cash flow$468.9M$276.4M$414.5M$439.4M$330.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$872.3M13.8%$154.0M$2.15
Q1 FY2026$844.9M21.0%$138.8M$1.92
Q4 FY2025$805.0M7.5%$132.1M$1.82
Q3 FY2025$804.6M7.7%$140.0M$1.92
Q2 FY2025$766.5M9.2%$131.8M$1.82
Q1 FY2025$698.0M0.4%$89.8M$1.23
Q4 FY2024$748.8M2.3%$130.1M$1.77
Q3 FY2024$746.9M-0.1%$136.0M$1.85

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK105770

Selected SEC filings

10-K2026-02-17
View on EDGAR →
10-K2025-02-18
View on EDGAR →
10-Q2026-07-23
View on EDGAR →
10-Q2026-04-23
View on EDGAR →
10-Q2025-10-23
View on EDGAR →
10-Q2025-07-24
View on EDGAR →
8-K2026-07-23
View on EDGAR →
8-K2026-07-14
View on EDGAR →

Largest medical device peers

All medical device stocksAll Healthcare companies →

WST head to head

Monitor WST

Get an alert when West Pharmaceutical Services files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor WST free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.