WST

West Pharmaceutical Services
D

WST

Arincen83/100B

If you had invested in West Pharmaceutical Services ago, it would be worth $5,494 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

83/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

West Pharmaceutical Services key facts

Style
Growth stock · 5.8/10Growth 5.8 · Value 2.1 · Dividend 2.0
Day range
409.26 – 414.02
52-week range
223.83 – 438.27
Market capitalization
28.71B USD
P/E
45.95
PEG ratio
2.83
EPS
8.97
Div Yield
0.25%
EPS growth forecast (FY2026)
+30.2%
Volume
2,108
Beta
1.14
ESG score
80.1/100Environment 86 · Social 77 · Governance 77
Sector
Healthcare
Industry
Medical - Instruments & Supplies
CEO
Michel Lagarde
Employees
11K
IPO date
17 Mar 1980

West Pharmaceutical Services earnings

Next earnings · Q4 FY2026
EPS estimate
2.27 USD
Revenue estimate
825.22M USD
Last quarter · Q3 FY2026
EPS2.66Beat +20.9%Revenue874.50MBeat +5.7%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20272.36——+10.59%859.36M——+1.71%
Q4 FY20262.27——+11.27%825.22M——+2.51%
Q3 FY20262.202.66+20.91%+35.71%827.12M874.50M+5.73%+8.73%
Q2 FY20262.082.37+13.94%+28.80%839.98M872.30M+3.85%+13.85%
Q1 FY20261.682.13+26.79%+46.90%780.31M844.90M+8.28%+21.05%
Q4 FY20251.832.04+11.48%+12.09%794.89M805.00M+1.27%+7.51%
Q3 FY20251.681.96+16.67%+5.95%785.71M804.30M+2.37%+7.69%
Q2 FY20251.511.84+21.85%+21.05%726.09M766.20M+5.52%+9.15%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

West Pharmaceutical Services analyst forecast

12-month price target
427.43 USD
+3.70%

Analysts' 1-year price targets range from 390.00 to 475.00, with an average of 427.43.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
8 ratings
Buy
8
Hold
0
Sell
0

12-month price target

Highest target475.00
Average target427.43
Lowest target390.00
Current price412.19

West Pharmaceutical Services valuation

Price to earnings ratio (TTM)
45.95
Forward P/E (FY2026)
43.43
Price to sales (TTM)
8.45
Price to book
9.67
EV / EBITDA (TTM)
29.53

Capital structure

Market capitalization
28.71B USD
+
Total debt
305.00M USD
−
Cash and short-term investments
464.10M USD
=
Enterprise value
28.55B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)34.68————
FY2027 (est.)39.7834.68———
FY2026 (est.)43.4339.78———
Now (TTM)45.9540.238.459.6729.53
FY202540.2829.016.476.2625.33
FY202448.5346.198.278.9131.91
FY202344.0753.098.879.0830.35
FY202229.8729.356.076.5220.95
FY202152.7057.3812.3314.9439.17

West Pharmaceutical Services against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: ResMed, Medline, Solventum, Baxter International, Becton, Dickinson and, and The Cooper Companies, the US Medical - Instruments & Supplies companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median46.0
    24.759.2
  • Gross marginBelow its median35.9%
    34.6%41.5%
    Against its peers: 5 of 7Peers' median 50.4%
  • Operating marginLowest in 5 years20.1%
    20.1%26.8%
    Against its peers: 3 of 7Peers' median 14.1%
  • Net marginLowest in 5 years16.1%
    16.1%23.4%
    Against its peers: 3 of 7Peers' median 7.5%
  • Return on equityLowest in 5 years15.5%
    15.5%28.3%
    Against its peers: 3 of 7Peers' median 7.7%
  • Free cash flow marginHighest in 5 years15.3%
    9.6%15.3%
    Against its peers: 2 of 7Peers' median 7.6%
  • Revenue growthAbove its median6.3%
    -2.0%31.9%
    Against its peers: 3 of 7Peers' median 5.4%
  • EPS growthAt its median1.6%
    -15.1%89.7%
    Against its peers: 3 of 6Peers' median -4.6%
  • Debt to EBITDAHighest in 5 years0.42×
    0.37×0.42×
    Against its peers: 2 of 7Peers' median 2.88×
  • Current ratioAbove its median3.02
    2.793.70
    Against its peers: 4 of 7Peers' median 2.71

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

West Pharmaceutical Services growth and profitability

Revenue (TTM)
3.40B USD
Net income (TTM)
638.90M USD
Gross margin
37.59%
Operating margin
22.97%
Net margin
18.81%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20253.07B+6.26%493.70M+0.20%35.89%20.09%16.06%770.60M+3.60%
FY20242.89B-1.98%492.70M-16.97%34.65%20.56%17.03%743.80M-11.88%
FY20232.95B+2.27%593.40M+1.28%38.38%24.09%20.11%844.10M+4.45%
FY20222.89B+1.94%585.90M-11.47%39.47%26.46%20.30%808.10M-8.14%
FY20212.83B+31.86%661.80M+91.16%41.45%26.80%23.38%879.70M+69.53%

West Pharmaceutical Services revenue breakdown

By product

FY2025
Proprietary Products: 81.1%Contract Manufactured Products: 18.9%81.1%Proprietary Products18.9%Contract Manufactured Products
SegmentRevenueShare of revenueChange on the year
Proprietary Products2.49B81.1%+6.8%
Contract Manufactured Products582.00M18.9%+4.2%

By region

FY2025
United States: 43.3%Other Europe Countries: 14.7%Germany: 12.4%Other Countries: 11.5%Ireland: 10.8%France: 7.4%43.3%United States14.7%Other Europe Countries12.4%Germany11.5%Other Countries10.8%Ireland7.4%France
RegionRevenueShare of revenueChange on the year
United States1.33B43.3%+8.0%
Other Europe Countries451.00M14.7%+17.0%
Germany380.30M12.4%+2.1%
Other Countries353.30M11.5%+4.2%
Ireland333.30M10.8%+3.1%
France226.60M7.4%-6.4%

How West Pharmaceutical Services makes its money

Proprietary Products2.49B 81.1%
Contract Manufactured Products582.00M 18.9%
Revenue3.07B 100.0%
Cost of revenue1.97B 64.1%
Gross profit1.10B 35.9%
Research and development74.30M 2.4%
Selling and administration393.10M 12.8%
Other operating expenses18.50M 0.6%
Operating income617.40M 20.1%
Tax121.60M 4.0%
Other expense2.10M 0.1%
Net income493.70M 16.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

West Pharmaceutical Services dividends

Annual dividend
1.04 USD
Dividend yield (indicated)
0.25%
Payout ratio
10.26%
Years of dividend growth
34
Frequency
Quarterly
Next payment
0.26 USD
Last ex-dividend date
10 Nov 2026
Next payment date
18 Nov 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share0.850.810.770.730.690.650.610.570.530.49

West Pharmaceutical Services financial health

Cash and short-term investments
464.10M USD
Total debt
305.00M USD
Net cash
159.10M USD
Free cash flow (TTM)
453.40M USD
Current ratio
2.82
Debt to equity
0.10
Piotroski score
7 / 9
Altman Z-score
18.78

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025791.30M321.10M468.90M
FY2024484.60M305.30M276.40M
FY2023853.90M309.00M414.50M
FY2022894.30M317.90M439.40M
FY2021762.60M325.30M330.60M

West Pharmaceutical Services ownership

Institutions
98.70%
Institutional holders
856 (+85)
Free float
99.25%

Who owns the shares

Institutions 98.7% Others 1.3%
As of 30 Jun 2026

Shares free to trade

Free float 69.14M shares ·99.2% Closely held 523.89K shares ·0.8%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026000.000.00
Q3 20260472.15K35.94K
Q2 20260212.44K8.41K
Q1 20260058.73K9.92K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY202572.30M72.70M-1.36%
FY202473.00M73.70M-2.12%
FY202374.30M75.30M-0.66%
FY202274.40M75.80M-0.66%
FY202174.40M76.30M+0.66%

Source: Financial Modeling Prep

Related Instruments

Title: West Pharmaceutical Services

Sector: Healthcare
Industry: Medical - Instruments & Supplies
West Pharmaceutical Services is based in Pennsylvania and is a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West sells elastomer-based packaging components (including stoppers, seals, and plungers), nonglass containment solutions, and auto-injectors for injectable drugs, which include large-molecule biologics, peptides such as GLP-1 receptor agonists, and small-molecule drugs. The company reports in two segments: proprietary products (about 80% of total revenue) and contract-manufactured products (about 20% of total revenue). It generates approximately 55% of its revenue from international markets and 45% from the United States.

Common questions about West Pharmaceutical Services stock