What does proprietary products — goodwill mean?

This represents the intangible asset value recorded when the company acquires other businesses within the proprietary products segment for a price exceeding the fair value of their net assets. It reflects the premium paid for brand equity, customer relationships, and intellectual property.

West Pharmaceutical Services WST Proprietary Products — Goodwill

Other segment segments

Contract-Manufactured Products

$29.9M+2.4%

Similar metrics at other companies

TGE

TGENProducts — Goodwill

$0-100%

VHI

VHIComponent Products — Goodwill

$27.1M0.0%

TDCProduct Sales — Goodwill

$392M+1.3%

CDREProducts — Goodwill

$228.61M+56.6%

PRMSpecialty Products — Goodwill

$501.88M+174%

CLMTSpecialty Products And Solutions — Goodwill

$49.3M0.0%

Other financials

Income statement

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Revenue$844.9M+21.0%

Gross profit$296.4M+27.8%

Operating income$177.1M+65.5%

Net income$138.8M+54.6%

EPS (diluted)$1.92+56.1%

Balance sheet

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Cash & equivalents$521.4M+29.0%

Total debt$321.0M+4.4%

Total equity$3.0B+11.5%

Total assets$4.1B+13.6%

Cash flow

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Operating cash flow$89.9M-30.5%

CapEx$42.7M-40.1%

Free cash flow$47.2M-18.8%

Valuation

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Market cap$25.36B+64.2%

Enterprise value$25.16B+65.1%

P/E46.7×+15.1×

P/S7.9×+2.7×

Profitability

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Gross margin36.3%+1.7pp

Operating margin20.3%+1.2pp

Net margin16.8%+0.7pp

FCF margin14.2%+3.6pp

Returns & leverage

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Return on equity19.1%+1.7pp

Debt / equity0.1×0.0×

Current ratio2.7×-0.1×

Where this comes from

Reported directly by West Pharmaceutical Services in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: West Pharmaceutical Services’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is West Pharmaceutical Services's proprietary products — goodwill?: West Pharmaceutical Services (WST) reported proprietary products — goodwill of $80M in Q4 2025.
How has West Pharmaceutical Services's proprietary products — goodwill changed year-over-year?: West Pharmaceutical Services's proprietary products — goodwill increased by 4.2% year-over-year, from $76.8M to $80M.
What does proprietary products — goodwill mean?: This represents the intangible asset value recorded when the company acquires other businesses within the proprietary products segment for a price exceeding the fair value of their net assets. It reflects the premium paid for brand equity, customer relationships, and intellectual property.