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West Pharmaceutical Services Balance Sheet Statement

Assets, liabilities, and shareholders' equity

West Pharmaceutical Services holds $4.1B in total assets. Shareholders' equity is $3.0B against $321.0M in total debt. Cash and equivalents total $521.4M. The current ratio is 2.71 and debt-to-equity is 0.107. Based on the Q1 2026 filing.

Total Assets$4.1BTotal Stockholders Equity$3.0BLong Term Debt$202.8MCash And Equivalents$521.4MTotal Current Assets$1.8BTotal Current Liabilities$674.0M
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$21.5B
P/E Ratio39.63
ROE19.13%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$239.3M$228.4M$239.0M$255.8M$253.7M$252.3M
Accrued expenses————$39.2M$46.6M
Other Commercial Liabilities————$39.2M$46.6M
Contract liabilities$53.2M$47.8M$46.2M$47.3M$53.7M$62.2M
Accrued Income Taxes, Current$31.5M$22.3M$28.5M$33.3M$28.1M$78.9M
Accrued Liabilities, Current————$39.2M$46.6M
Accrued salaries, wages and benefits$73.5M$67.8M$93.4M$111.8M$135.9M$72.6M
Other accrued liabilities$188.2M$186.4M$222.8M$213.1M$175.3M$202.2M
Current portion of long-term debt$0.0$0.0$0.0$0.0$0.0$0.0
Deferred revenue—$3.1M$2.8M$4.3M—$3.8M
Finance Lease Liability, Current$900.0K———$1.5M—
Finance Lease Liability Payment Due—$4.4M$5.4M$5.9M—$5.2M
Finance Lease Liability - Undiscounted Excess Amount—$200.0K$500.0K$500.0K—$400.0K
Income taxes payable$31.5M$22.3M$28.5M$33.3M$28.1M$78.9M
Lease Liability Payments - 2020 (Remaining Three Months)—$18.7M$13.3M$6.5M—$21.0M
Lease Liability Payments - 2021—$1.2M$1.3M$1.5M—$1.5M
Operating Lease Liability Payments - 2024 (Lessee)—$17.5M$18.2M$18.4M—$20.2M
Operating Lease Liability Payments - 2025 (Lessee)—$12.3M$12.8M$12.7M—$10.4M
Lease Liability Payments - Due Year Two—$1.1M$1.3M$1.5M—$1.1M
Lease Liability Payments - Due Year Three—$16.0M$16.7M$16.6M—$15.0M
Lease Liability Payments - Due Year Four—$12.3M$12.8M$12.7M—$10.4M
Lease Liability Payments - Remainder of Fiscal Year—$900.0K$700.0K$400.0K—$1.1M
Note payable to DIRECTV$188.2M$186.4M$222.8M$213.1M$175.3M$202.2M
Operating lease liabilities, current$17.9M$21.8M$20.9M$21.4M$22.7M$21.4M
Operating Lease Liability Payments Due—$113.7M$113.5M$106.9M—$140.3M
Operating Lease Liability - Undiscounted Excess Amount—$13.1M$12.8M$12.0M—$26.9M
Total current liabilities$550.4M$526.7M$604.6M$635.4M$654.9M$674.0M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$552.5M$543.6M$582.4M$625.0M$574.4M$685.6M
Cash and cash equivalents$484.6M$404.2M$509.7M$628.5M$791.3M$521.4M
Finished goods$144.9M$142.9M$156.3M$157.4M$177.5M$171.4M
Other current assets$124.0M$121.0M$167.7M$131.8M$168.6M$167.2M
Derivative Assets - Not Designated as Hedging Instruments$18.3M$13.2M$47.0M$27.0M$7.6M$4.8M
Finished goods$144.9M$142.9M$156.3M$157.4M$177.5M$171.4M
Raw materials$166.9M$162.9M$173.7M$183.0M$163.2M$172.5M
Work in process$65.2M$82.9M$91.1M$97.6M$103.2M$108.7M
Inventories$377.0M$388.7M$421.1M$438.0M$443.9M$452.6M
Prepaid expenses and other current assets$124.0M$121.0M$167.7M$131.8M$168.6M$167.2M
Total current assets$1.5B$1.5B$1.7B$1.8B$2.0B$1.8B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$22.1M$1.8M$0.0$0.0$0.0$0.0
Accumulated other comprehensive income (loss)-$258.1M-$205.5M-$88.7M-$102.3M-$105.5M-$125.2M
Common stock18.8M200M200M200M200M200M
Common Stock Par Value Per Share$0.25$0.25$0.25$0.25$0.25$0.25
Common Stock Shares Issued75.3M75.3M75.3M75.3M75.3M75.3M
Convertible Preferred Stock Authorized Shares3M3M3M3M3M3M
Convertible Preferred Stock Issued Shares000000
Convertible Preferred Stock Outstanding Shares000000
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$18.8M$18.8M$18.8M$18.8M$18.8M$18.8M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Preferred stock$0.0$0.0$0.0$0.0$0.0$0.0
Retained earnings$4.0B$4.0B$4.1B$4.3B$4.4B$4.5B
Share Repurchase Authorization Limit550K————1B
Shares Reserved for Future Issuance Under Stock Plans—1.1M3.1M3M—2.8M
Total liabilities and stockholders' equity$3.6B$3.6B$4.0B$4.1B$4.3B$4.1B
Total stockholders' equity$2.7B$2.7B$2.9B$3.1B$3.2B$3.0B
Treasury stock$1.1B$1.2B$1.1B$1.1B$1.1B$1.4B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contingent Consideration Liability (Non-Current)$3.0M$2.4M$2.3M$2.8M$2.2M$3.0M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$400.0K$400.0K$400.0K$300.0K$200.0K$200.0K
Deferred Compensation Liability (Non-Current)$15.4M$11.4M$12.5M$13.5M$13.5M$11.8M
Finance lease liabilities$2.1M$3.1M$3.6M$3.9M$3.6M$3.3M
Finance Lease Liabilities (Total)$3.0M$4.2M$4.9M$5.4M$5.1M$4.8M
Operating Lease Liability Payments - 2027 (Lessee)—$16.0M$16.7M$16.6M—$15.0M
Operating Lease Liability Payments - 2028 (Lessee)—$12.3M$12.8M$12.7M—$10.4M
Long-term debt$202.6M$202.6M$202.6M$202.7M$202.8M$202.8M
Long-Term Debt - Fair Value$200.5M$201.2M$201.9M$202.1M$202.4M$202.2M
Retirement and nonpension postretirement benefit obligations$28.2M$28.6M$30.8M$31.1M$29.0M$28.5M
Operating lease liabilities, non-current$81.8M$78.8M$79.8M$73.5M$95.6M$92.0M
Operating Lease Liabilities (Total)$99.7M$100.6M$100.7M$94.9M$118.3M$113.4M
Other non-current liabilities$62.2M$65.7M$70.4M$75.3M$75.2M$87.6M
Total Carrying Value of Debt$203.0M$203.0M$203.0M$203.0M$203.0M$203.0M
Total liabilities$32.5M$24.2M$58.9M$39.9M$19.9M$16.6M
Unrecognized Tax Benefits————$56.1M$64.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$3.0B$3.0B$3.2B$3.2B$3.2B$3.2B
Business Combination, Contingent Consideration, Liability$3.0M$2.4M$2.3M$2.8M$2.2M$3.0M
Common stock, par value (in dollars per share)$0.3$0.3$0.3$0.3$0.3$0.3
Common stock, shares authorized (in shares)$200.0M$200.0M$200.0M$200.0M$200.0M$200.0M
Common stock, shares issued (in shares)$75.3M$75.3M$75.3M$75.3M$75.3M$75.3M
Common Stock, Shares, Outstanding$72.3M$71.8M$71.9M$71.9M$72.0M$70.9M
Contract with Customer, Asset, after Allowance for Credit Loss$23.3M$25.8M$27.9M$27.5M$11.9M$15.4M
Contract with Customer, Liability$53.2M$47.8M$46.2M$47.3M$53.7M$62.2M
Long-term debt, gross$203.0M$203.0M$203.0M$203.0M$203.0M$203.0M
Debt Instrument, Fair Value Disclosure$200.5M$201.2M$201.9M$202.1M$202.4M$202.2M
Deferred Compensation Liability, Classified, Noncurrent$15.4M$11.4M$12.5M$13.5M$13.5M$11.8M
Deferred compensation plan assets$11.1M$8.5M$9.5M$10.0M$10.0M$8.7M
Deferred income taxes$20.5M$21.3M$23.0M$22.8M$23.0M$22.7M
Current maturities of long-term debt$900.0K$1.1M$1.3M$1.5M$1.5M$1.5M
Finance Lease Liability Payments Due—$4.4M$5.4M$5.9M—$5.2M
2027—$1.2M$1.3M$1.5M—$1.5M
Finance Lease Liability Payments Due Year Four—$300.0K$400.0K$500.0K—$400.0K
Finance Lease Liability Payments Due Year Three—$700.0K$900.0K$1.1M—$600.0K
Finance Lease Liability Payments Due Year Two—$1.1M$1.3M$1.5M—$1.1M
Thereafter—$200.0K$800.0K$900.0K—$500.0K
Finance Lease Liability Undiscounted Excess Amount—$200.0K$500.0K$500.0K—$400.0K
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$29.7M$32.0M$35.0M$35.2M$34.7M$34.0M
Lessee Operating Lease Liability Payments Due—$113.7M$113.5M$106.9M—$140.3M
Thereafter—$26.9M$27.4M$27.3M—$52.6M
Lessee Operating Lease Liability Undiscounted Excess Amount—$13.1M$12.8M$12.0M—$26.9M
Operating Lease Weighted Average Discount Rate Percent$0.0$0.0$0.0$0.0$0.0$0.0
Deferred compensation liabilities$11.2M$8.6M$9.6M$10.1M$10.1M$8.8M
Preferred Stock, Shares Authorized$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M
Preferred Stock, Shares Issued$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$3.1M$2.8M$4.3M—$3.8M
Incentive stock program, shares reserved for future grants (in shares)—$1.1M$3.1M$3.0M—$2.8M
Treasury stock, shares (in shares)$3.0M$3.5M$3.4M$3.4M$3.3M$4.4M
Unamortized Debt Issuance Expense$400.0K$400.0K$400.0K$300.0K$200.0K$200.0K
Unrecognized tax benefits————$56.1M$64.7M
Remainder of Fiscal Year 2024—$18.7M$13.3M$6.5M—$21.0M
Weighted-Average Discount Rate4.8%4.5%4.3%4.2%4.2%4.1%
Weighted-Average Discount Rate - Finance Leases$0.0$0.0$0.0$0.0$0.0$0.0

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$20.5M$21.3M$23.0M$22.8M$23.0M$22.7M
Deferred Tax Assets and Other Non-Current Assets$74.3M$70.2M$70.5M$75.8M$80.1M$81.3M
Equity method investments$202.1M$211.9M$224.7M$220.9M$212.3M$209.2M
Goodwill$106.0M$107.5M$110.9M$110.6M$109.9M$109.2M
Intangible assets, net$10.8M$10.0M$9.7M$8.9M$7.7M$7.0M
Net Investment in Lease$104.5M$103.4M$104.4M$97.8M$117.0M$110.2M
Deferred tax assets$26.0M$26.0M$29.7M$27.9M$38.4M$63.9M
Other intangible assets—net$10.8M$10.0M$9.7M$8.9M$7.7M$7.0M
Investments$202.1M$211.9M$224.7M$220.9M$212.3M$209.2M
Operating lease right-of-use assets$104.5M$103.4M$104.4M$97.8M$117.0M$110.2M
Other non-current assets$74.3M$70.2M$70.5M$75.8M$80.1M$81.3M
Property, plant and equipment at cost$3.0B$3.0B$3.2B$3.2B$3.2B$3.2B
Operating lease right-of-use assets10450000000.0%4.0%4.0%4.0%4.7%4.7%
Operating Lease Right-of-Use Assets in Other Assets$104.5M$103.4M$104.4M$97.8M$117.0M$110.2M
Other non-current assets$74.3M$70.2M$70.5M$75.8M$80.1M$81.3M
Accumulated depreciation$1.4B$1.4B$1.5B$1.5B$1.5B$1.5B
Property and equipment, net$1.6B$1.6B$1.7B$1.7B$1.7B$1.7B
Software and Technology Licenses, Net$74.3M$70.2M$70.5M$75.8M$80.1M$81.3M
Total assets$3.6B$3.6B$4.0B$4.1B$4.3B$4.1B