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West Pharmaceutical Services

WSTNYSEStock Fundamentals

West Pharmaceutical Services is a global leader in the design and manufacture of high-quality containment and delivery systems for injectable medicines. The company provides integrated solutions that ensure the safe and efficient administration of drugs, ranging from primary packaging components to sophisticated drug delivery devices and contract manufacturing services.

Market Cap$21.5B
Revenue TTM$3.2B
Net Income TTM$542.7M
P/E Ratio39.63
Net Margin16.85%
EPS TTM$7.48
Free Cash Flow TTM$458.0M
Employees10.6K
CEOEric Green
CountryUnited States of America
Healthcare
Medical - Instruments & Supplies
SegmentsMedical Instruments & Supplies, Life Sciences Tools & Services, Packaging
Business ModelsB2B Manufacturing, Contract Manufacturing (CMO), Intellectual Property Licensing
Most Recent EarningsApr 23, 2026 · 27 days agoQ1 2026
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Next EarningsJul 23, 2026 · in 2 monthsBefore Market Open · Q2 2026

Financials

Based on Q1 2026 filing

Gross Margin36.28%
Op. Margin20.34%
ROE19.13%
D/E10.73%
Current Ratio2.71
Total Debt$321.0M
Cash$521.4M
CapEx TTM$257.3M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Proprietary Products

primary

This segment focuses on the design, manufacture, and sale of proprietary packaging and delivery systems. It provides high-value components and systems that are often integrated into customers' drug products to ensure stability and delivery performance.

Products

NovaPure, Westar, FluroTec, Daikyo Crystal Zenith, SmartDose, SelfDose

Customers

Biologic companies, Pharmaceutical companies, Generic drug manufacturers

Contract-Manufactured Products

major

This segment serves as a fully integrated solution provider for medical device, diagnostic, and consumer product companies. It offers design, engineering, and manufacturing services for complex plastic components and assembled devices.

Products

Injection-molded components, Multi-component medical devices, Diagnostic kit components

Customers

Diagnostic companies, Medical device manufacturers, Consumer healthcare companies

Segment Financials

Proprietary Products — Net Sales

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Proprietary Products — R&D

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Standard Packaging — Concentration risk, percentage

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Contract-Manufactured Products — Foreign currency translation

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Business Overview

Competitive Position

A dominant global player in the injectable drug containment market, characterized by high switching costs and rigorous regulatory quality standards.

Geographies

North America, Europe, Asia-Pacific, South America

Customer Segments

Biopharmaceutical companies, Generic drug manufacturers, Medical device OEMs

Upstream Dependencies

Elastomeric raw material suppliers, Specialty polymer producers, Aluminum and plastic resin suppliers

Downstream Customers

Biotechnology firms, Global pharmaceutical corporations, Contract Development and Manufacturing Organizations (CDMOs)

Competitors & Partners

West Pharmaceutical Services logo

West Pharmaceutical Services FAQ

Common questions about West Pharmaceutical Services

West Pharmaceutical Services is a global leader in the design and manufacture of high-quality containment and delivery systems for injectable medicines. The company provides integrated solutions that ensure the safe and efficient administration of drugs, ranging from primary packaging components to sophisticated drug delivery devices and contract manufacturing services.

West Pharmaceutical Services (WST) has a market capitalization of $21.5B and trades on NYSE.

West Pharmaceutical Services generated $3.2B in trailing twelve-month revenue with net income of $542.7M, representing a net margin of 16.9%. Gross margin stands at 36.3%, with free cash flow of $458.0M. These figures are based on the Q1 2026 filing.

West Pharmaceutical Services's key competitors include Becton, Dickinson and Company, AptarGroup, Inc., Stevanato Group, and others. These companies compete in similar markets and product categories.

West Pharmaceutical Services has approximately 10,600 employees.