West Pharmaceutical Services annual gross margin
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West Pharmaceutical Services Gross Margin Growth & History (WST)
West Pharmaceutical Services's gross margin was 35.91% for fiscal 2025.
View full West Pharmaceutical Services company overviewWest Pharmaceutical Services annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 35.91% | +1.40 pp |
| 2024 | 2024-12-31 | 34.51% | −3.77 pp |
| 2023 | 2023-12-31 | 38.28% | −1.08 pp |
| 2022 | 2022-12-31 | 39.36% | −2.17 pp |
| 2021 | 2021-12-31 | 41.52% | +5.76 pp |
| 2020 | 2020-12-31 | 35.76% | +2.84 pp |
| 2019 | 2019-12-31 | 32.92% | +1.16 pp |
| 2018 | 2018-12-31 | 31.76% | −0.32 pp |
| 2017 | 2017-12-31 | 32.07% | −1.15 pp |
| 2016 | 2016-12-31 | 33.23% | +0.66 pp |
| 2015 | 2015-12-31 | 32.56% | +1.06 pp |
| 2014 | 2014-12-31 | 31.50% | −0.26 pp |
| 2013 | 2013-12-31 | 31.77% | +1.15 pp |
| 2012 | 2012-12-31 | 30.61% | +2.16 pp |
| 2011 | 2011-12-31 | 28.46% | −0.34 pp |
| 2010 | 2010-12-31 | 28.80% | +0.04 pp |
| 2009 | 2009-12-31 | 28.76% | −0.03 pp |
| 2008 | 2008-12-31 | 28.79% | — |
West Pharmaceutical Services quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 37.74% | +2.01 pp |
| Q1 2026 | 2026-03-31 | 35.08% | +1.86 pp |
| Q4 2025 | 2025-12-31 | 37.75% | +1.21 pp |
| Q3 2025 | 2025-09-30 | 36.58% | +1.14 pp |
| Q2 2025 | 2025-06-30 | 35.73% | +2.97 pp |
| Q1 2025 | 2025-03-31 | 33.22% | +0.12 pp |
| Q4 2024 | 2024-12-31 | 36.54% | −1.47 pp |
| Q3 2024 | 2024-09-30 | 35.44% | −3.13 pp |
| Q2 2024 | 2024-06-30 | 32.76% | −5.90 pp |
| Q1 2024 | 2024-03-31 | 33.10% | −4.76 pp |
| Q4 2023 | 2023-12-31 | 38.01% | +1.02 pp |
| Q3 2023 | 2023-09-30 | 38.57% | −0.44 pp |
| Q2 2023 | 2023-06-30 | 38.66% | −3.03 pp |
| Q1 2023 | 2023-03-31 | 37.86% | −1.67 pp |
| Q4 2022 | 2022-12-31 | 36.98% | −4.15 pp |
| Q3 2022 | 2022-09-30 | 39.02% | −1.78 pp |
| Q2 2022 | 2022-06-30 | 41.68% | −1.86 pp |
| Q1 2022 | 2022-03-31 | 39.53% | −1.01 pp |
| Q4 2021 | 2021-12-31 | 41.13% | +4.75 pp |
| Q3 2021 | 2021-09-30 | 40.79% | +5.28 pp |
| Q2 2021 | 2021-06-30 | 43.55% | +6.54 pp |
| Q1 2021 | 2021-03-31 | 40.54% | +6.56 pp |
| Q4 2020 | 2020-12-31 | 36.38% | +3.83 pp |
| Q3 2020 | 2020-09-30 | 35.51% | +3.11 pp |
| Q2 2020 | 2020-06-30 | 37.01% | +3.39 pp |
| Q1 2020 | 2020-03-31 | 33.98% | +0.88 pp |
| Q4 2019 | 2019-12-31 | 32.55% | +1.03 pp |
| Q3 2019 | 2019-09-30 | 32.41% | +0.99 pp |
| Q2 2019 | 2019-06-30 | 33.62% | +1.84 pp |
| Q1 2019 | 2019-03-31 | 33.10% | +0.77 pp |
| Q4 2018 | 2018-12-31 | 31.53% | +0.58 pp |
| Q3 2018 | 2018-09-30 | 31.41% | −0.01 pp |
| Q2 2018 | 2018-06-30 | 31.78% | +0.34 pp |
| Q1 2018 | 2018-03-31 | 32.33% | −2.28 pp |
| Q4 2017 | 2017-12-31 | 30.94% | −1.41 pp |
| Q3 2017 | 2017-09-30 | 31.42% | −0.73 pp |
| Q2 2017 | 2017-06-30 | 31.44% | −2.92 pp |
| Q1 2017 | 2017-03-31 | 34.61% | +0.56 pp |
| Q4 2016 | 2016-12-31 | 32.36% | −0.89 pp |
| Q3 2016 | 2016-09-30 | 32.15% | +0.71 pp |
| Q2 2016 | 2016-06-30 | 34.36% | +1.49 pp |
| Q1 2016 | 2016-03-31 | 34.05% | +1.39 pp |
| Q4 2015 | 2015-12-31 | 33.25% | +1.89 pp |
| Q3 2015 | 2015-09-30 | 31.44% | +0.56 pp |
| Q2 2015 | 2015-06-30 | 32.86% | −0.16 pp |
| Q1 2015 | 2015-03-31 | 32.66% | +1.98 pp |
| Q4 2014 | 2014-12-31 | 31.36% | +0.25 pp |
| Q3 2014 | 2014-09-30 | 30.88% | +0.01 pp |
| Q2 2014 | 2014-06-30 | 33.02% | +0.83 pp |
| Q1 2014 | 2014-03-31 | 30.68% | −2.23 pp |
| Q4 2013 | 2013-12-31 | 31.11% | +0.78 pp |
| Q3 2013 | 2013-09-30 | 30.87% | +1.11 pp |
| Q2 2013 | 2013-06-30 | 32.19% | +1.80 pp |
| Q1 2013 | 2013-03-31 | 32.91% | +0.95 pp |
| Q4 2012 | 2012-12-31 | 30.33% | +1.45 pp |
| Q3 2012 | 2012-09-30 | 29.76% | +2.03 pp |
| Q2 2012 | 2012-06-30 | 30.39% | +2.91 pp |
| Q1 2012 | 2012-03-31 | 31.96% | +2.17 pp |
| Q4 2011 | 2011-12-31 | 28.88% | +0.70 pp |
| Q3 2011 | 2011-09-30 | 27.72% | +0.20 pp |
| Q2 2011 | 2011-06-30 | 27.48% | −2.05 pp |
| Q1 2011 | 2011-03-31 | 29.79% | −0.13 pp |
| Q4 2010 | 2010-12-31 | 28.18% | +0.49 pp |
| Q3 2010 | 2010-09-30 | 27.52% | −2.63 pp |
| Q2 2010 | 2010-06-30 | 29.52% | — |
| Q1 2010 | 2010-03-31 | 29.92% | — |
| Q3 2009 | 2009-09-30 | 27.69% | — |
| Q2 2009 | 2009-06-30 | 30.15% | — |
West Pharmaceutical Services gross margin trends
Over the last five reported fiscal years, West Pharmaceutical Services's gross margin increased from 35.76% to 35.91%, a change of +0.15 percentage points. The latest reported quarter, Q2 2026, shows 37.74%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review West Pharmaceutical Services filings at SEC.gov ↗