What is West Pharmaceutical Services's deferred revenue?

West Pharmaceutical Services (WST) reported deferred revenue of $3.6M in Q2 2026.

How has West Pharmaceutical Services's deferred revenue changed year-over-year?

West Pharmaceutical Services's deferred revenue increased by 28.6% year-over-year, from $2.8M to $3.6M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

West Pharmaceutical Services WST Deferred Revenue

Deferred Revenue at other companies

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$79.8M-0.3%

DowDOW

$197M+0.5%

TrimasTRS

$10.58M+43.8%

UFP TechnologiesUFPT

$4.63M-3.5%

Lifecore Biomedical, Inc.LFCR

$5.86M—

Halozyme TherapeuticsHALO

——

Other financials

Income statement

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Revenue$872.3M+13.8%

Gross profit$329.2M+20.2%

Operating income$179.1M+16.5%

Net income$154.0M+16.8%

EPS (diluted)$2.15+18.1%

Balance sheet

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Cash & equivalents$435.8M-14.5%

Total debt$316.5M+2.7%

Total equity$3.0B+2.1%

Total assets$4.1B+3.1%

Cash flow

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Operating cash flow$124.0M-30.0%

CapEx$43.2M-42.6%

Free cash flow$80.8M-20.7%

Valuation

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Market cap$23.75B+32.5%

Enterprise value$23.63B+33.4%

P/E42×+5.3×

P/S7.1×+1.1×

Profitability

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Gross margin36.8%+1.5pp

Operating margin20.5%+0.8pp

Net margin17%+0.5pp

FCF margin13.1%+1.5pp

Returns & leverage

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Return on equity19.1%+1.4pp

Debt / equity0.1×0.0×

Current ratio2.8×0.0×

Where this comes from

Reported directly by West Pharmaceutical Services in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The official record: West Pharmaceutical Services’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is West Pharmaceutical Services's deferred revenue?: West Pharmaceutical Services (WST) reported deferred revenue of $3.6M in Q2 2026.
How has West Pharmaceutical Services's deferred revenue changed year-over-year?: West Pharmaceutical Services's deferred revenue increased by 28.6% year-over-year, from $2.8M to $3.6M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.