WEST PHARMACEUTICAL SERVICES, INC.

EDGAR

Annual consolidated revenue for 2025: about USD 3.074B, using the latest reported figures. The previous period, 2024, was about USD 2.893B.

Watchlist

Latest quarter

Revenue

875 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating margin

30.58%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 267400000 USD Source
  • Revenue: 874500000 USD Source

Operating cash flow

190 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 403400000 USD Source
  • Operating Cash Flow: 213900000 USD Source

Free cash flow

150 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 403400000 USD Source
  • Operating Cash Flow: 213900000 USD Source
  • Capital Expenditure: 125000000 USD Source
  • Capital Expenditure: 85900000 USD Source
Cash and cash equivalents
464 million USD Source
Exact value

464100000 USD

Long-term debt including current maturities
203 million USD Source
Exact value

202900000 USD

Shares outstanding
69.8 million shares Source
Exact value

69800000 shares

Reported share-count change

-2.92% · -2.1 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 71900000 shares · 2025-09-30· Source
  • 69800000 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

3.4 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 3074100000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 2269100000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 844900000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 872300000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 874500000 USD · 2026-07-01 – 2026-09-30 Source

Net income

639 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 493700000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 361600000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 138800000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 154000000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 214000000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

655 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 754800000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 503700000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 89900000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 213900000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 89900000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 403400000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 213900000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

201 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 285900000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 209800000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 42700000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 85900000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 42700000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 125000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 85900000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

453 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 754800000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 503700000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 89900000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 213900000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 89900000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 403400000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 213900000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 285900000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 209800000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 42700000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 85900000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 42700000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 125000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 85900000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 8 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +6.3%

    Prior period

    USD 2.89 billion

    –

    Current period

    USD 3.07 billion

    –

    Exact inputs and evidence

    3074100000 − 2893200000 = 180900000 USD

    2893200000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    3074100000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +0.2%

    Prior period

    USD 492.7 million

    –

    Current period

    USD 493.7 million

    –

    Exact inputs and evidence

    493700000 − 492700000 = 1000000 USD

    492700000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    493700000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +15.5%

    Prior period

    USD 653.4 million

    –

    Current period

    USD 754.8 million

    –

    Exact inputs and evidence

    754800000 − 653400000 = 101400000 USD

    653400000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    754800000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -24.2%

    Prior period

    USD 377 million

    –

    Current period

    USD 285.9 million

    –

    Exact inputs and evidence

    285900000 − 377000000 = -91100000 USD

    377000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    285900000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 3.07 billion 100% of revenue
  • Cost of revenue USD 1.97 billion 64% of revenue
  • Operating expenses USD 467.9 million 15% of revenue
  • Other operating costs Derived USD 51.2 million 1.7% of revenue
  • Operating income USD 584.9 million 19% of revenue
  • Tax, interest and other Derived USD 91.2 million 3% of revenue
  • Net income USD 493.7 million 16% of revenue

Cash

  • Operating cash flow USD 754.8 million 25% of revenue
  • Capital expenditure USD 285.9 million 9.3% of revenue
  • Free cash flow Derived USD 468.9 million 15% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 12%86%
  • 2019 13%84%
  • 2020 16%81%
  • 2021 23%73%
  • 2022 20%75%
  • 2023 20%77%
  • 2024 17%80%
  • 2025 16%81%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-311509100000 1313900000 Derived 195200000 UnavailableUnavailable49200000 Derived
Source
2017 2017-01-01 – 2017-12-311599100000 1373300000 Derived 225800000 UnavailableUnavailable132500000 Derived
Source
2018 2018-01-01 – 2018-12-311717400000 1477100000 Derived 240300000 33400000 Derived 206900000 183900000 Derived
Source
2019 2019-01-01 – 2019-12-311839900000 1543300000 Derived 296600000 54900000 Derived 241700000 240800000 Derived
Source
2020 2020-01-01 – 2020-12-312146900000 1740000000 Derived 406900000 60700000 Derived 346200000 298100000 Derived
Source
2021 2021-01-01 – 2021-12-312831600000 2079300000 Derived 752300000 90500000 Derived 661800000 330600000 Derived
Source
2022 2022-01-01 – 2022-12-312886900000 2152900000 Derived 734000000 148100000 Derived 585900000 439400000 Derived
Source
2023 2023-01-01 – 2023-12-312949800000 2273800000 Derived 676000000 82600000 Derived 593400000 414500000 Derived
Source
2024 2024-01-01 – 2024-12-312893200000 2323300000 Derived 569900000 77200000 Derived 492700000 276400000 Derived
Source
2025 2025-01-01 – 2025-12-313074100000 2489200000 Derived 584900000 91200000 Derived 493700000 468900000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 3.1B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.3B2.5B1.7B830.0M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue1509100000
2017Revenue1599100000
2018Revenue1717400000
2019Revenue1839900000
2020Revenue2146900000
2021Revenue2831600000
2022Revenue2886900000
2023Revenue2949800000
2024Revenue2893200000
2025Revenue3074100000

Revenue growth

Change in revenue from the same financial period one year earlier.

6.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.34.6%24.8%15.0%5.2%-4.6%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year7.8%
2017Year over year6%
2018Year over year7.4%
2019Year over year7.1%
2020Year over year16.7%
2021Year over year31.9%
2022Year over year2%
2023Year over year2.2%
2024Year over year-1.9%
2025Year over year6.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 19% 2025
Net margin 16.1% 2025
Free cash flow margin 15.3% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.28.7%21.5%14.3%7.2%0.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin12.9%
2017Operating margin14.1%
2018Operating margin14%
2019Operating margin16.1%
2020Operating margin19%
2021Operating margin26.6%
2022Operating margin25.4%
2023Operating margin22.9%
2024Operating margin19.7%
2025Operating margin19%
2016-12-31Net marginNot reported
2017-12-31Net marginNot reported
2018Net margin12%
2019Net margin13.1%
2020Net margin16.1%
2021Net margin23.4%
2022Net margin20.3%
2023Net margin20.1%
2024Net margin17%
2025Net margin16.1%
2016Free cash flow margin3.3%
2017Free cash flow margin8.3%
2018Free cash flow margin10.7%
2019Free cash flow margin13.1%
2020Free cash flow margin13.9%
2021Free cash flow margin11.7%
2022Free cash flow margin15.2%
2023Free cash flow margin14.1%
2024Free cash flow margin9.6%
2025Free cash flow margin15.3%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 754.8M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.838.6M629.0M419.3M209.7M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow219400000
2017Operating cash flow263300000
2018Operating cash flow288600000
2019Operating cash flow367200000
2020Operating cash flow472500000
2021Operating cash flow584000000
2022Operating cash flow724000000
2023Operating cash flow776500000
2024Operating cash flow653400000
2025Operating cash flow754800000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 468.9M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.506.4M379.8M253.2M126.6M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow49200000
2017Free cash flow132500000
2018Free cash flow183900000
2019Free cash flow240800000
2020Free cash flow298100000
2021Free cash flow330600000
2022Free cash flow439400000
2023Free cash flow414500000
2024Free cash flow276400000
2025Free cash flow468900000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

25.6% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.37.7%28.3%18.8%9.4%0.0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets34.9%
2017Liabilities / assets31.3%
2018Liabilities / assets29.4%
2019Liabilities / assets32.8%
2020Liabilities / assets33.6%
2021Liabilities / assets29.5%
2022Liabilities / assets25.8%
2023Liabilities / assets24.8%
2024Liabilities / assets26.4%
2025Liabilities / assets25.6%

Current assets to current liabilities

Current assets divided by current liabilities.

3.02× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.99×3.00×2.00×1.00×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities2.66×
2017Current assets / current liabilities2.66×
2018Current assets / current liabilities3.15×
2019Current assets / current liabilities3.1×
2020Current assets / current liabilities2.73×
2021Current assets / current liabilities2.93×
2022Current assets / current liabilities3.7×
2023Current assets / current liabilities2.88×
2024Current assets / current liabilities2.79×
2025Current assets / current liabilities3.02×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
Unavailable Not reported for this period.
USD 219.4 million
Exact value

Exact value: 219400000 USD

2016-01-01 – 2016-12-31: 219400000 USD Inspect Operating Cash Flow Open source
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USD 170.2 million
Exact value

Exact value: 170200000 USD

2016-01-01 – 2016-12-31: 170200000 USD Inspect Capital Expenditure Open source
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USD 49.2 million
Calculation and evidence

219400000 − 170200000 USD

Exact free cash flow: 49200000 USD

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2017 2017-01-01 – 2017-12-31
Unavailable Not reported for this period.
USD 263.3 million
Exact value

Exact value: 263300000 USD

2017-01-01 – 2017-12-31: 263300000 USD Inspect Operating Cash Flow Open source
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USD 130.8 million
Exact value

Exact value: 130800000 USD

2017-01-01 – 2017-12-31: 130800000 USD Inspect Capital Expenditure Open source
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USD 132.5 million
Calculation and evidence

263300000 − 130800000 USD

Exact free cash flow: 132500000 USD

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2018 2018-01-01 – 2018-12-31
USD 206.9 million
Exact value

Exact value: 206900000 USD

2018-01-01 – 2018-12-31: 206900000 USD Inspect Net Income Open source
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USD 288.6 million
Exact value

Exact value: 288600000 USD

2018-01-01 – 2018-12-31: 288600000 USD Inspect Operating Cash Flow Open source
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USD 104.7 million
Exact value

Exact value: 104700000 USD

2018-01-01 – 2018-12-31: 104700000 USD Inspect Capital Expenditure Open source
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USD 183.9 million
Calculation and evidence

288600000 − 104700000 USD

Exact free cash flow: 183900000 USD

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2019 2019-01-01 – 2019-12-31
USD 241.7 million
Exact value

Exact value: 241700000 USD

2019-01-01 – 2019-12-31: 241700000 USD Inspect Net Income Open source
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USD 367.2 million
Exact value

Exact value: 367200000 USD

2019-01-01 – 2019-12-31: 367200000 USD Inspect Operating Cash Flow Open source
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USD 126.4 million
Exact value

Exact value: 126400000 USD

2019-01-01 – 2019-12-31: 126400000 USD Inspect Capital Expenditure Open source
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USD 240.8 million
Calculation and evidence

367200000 − 126400000 USD

Exact free cash flow: 240800000 USD

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2020 2020-01-01 – 2020-12-31
USD 346.2 million
Exact value

Exact value: 346200000 USD

2020-01-01 – 2020-12-31: 346200000 USD Inspect Net Income Open source
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USD 472.5 million
Exact value

Exact value: 472500000 USD

2020-01-01 – 2020-12-31: 472500000 USD Inspect Operating Cash Flow Open source
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USD 174.4 million
Exact value

Exact value: 174400000 USD

2020-01-01 – 2020-12-31: 174400000 USD Inspect Capital Expenditure Open source
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USD 298.1 million
Calculation and evidence

472500000 − 174400000 USD

Exact free cash flow: 298100000 USD

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2021 2021-01-01 – 2021-12-31
USD 661.8 million
Exact value

Exact value: 661800000 USD

2021-01-01 – 2021-12-31: 661800000 USD Inspect Net Income Open source
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USD 584 million
Exact value

Exact value: 584000000 USD

2021-01-01 – 2021-12-31: 584000000 USD Inspect Operating Cash Flow Open source
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USD 253.4 million
Exact value

Exact value: 253400000 USD

2021-01-01 – 2021-12-31: 253400000 USD Inspect Capital Expenditure Open source
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USD 330.6 million
Calculation and evidence

584000000 − 253400000 USD

Exact free cash flow: 330600000 USD

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2022 2022-01-01 – 2022-12-31
USD 585.9 million
Exact value

Exact value: 585900000 USD

2022-01-01 – 2022-12-31: 585900000 USD Inspect Net Income Open source
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USD 724 million
Exact value

Exact value: 724000000 USD

2022-01-01 – 2022-12-31: 724000000 USD Inspect Operating Cash Flow Open source
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USD 284.6 million
Exact value

Exact value: 284600000 USD

2022-01-01 – 2022-12-31: 284600000 USD Inspect Capital Expenditure Open source
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USD 439.4 million
Calculation and evidence

724000000 − 284600000 USD

Exact free cash flow: 439400000 USD

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2023 2023-01-01 – 2023-12-31
USD 593.4 million
Exact value

Exact value: 593400000 USD

2023-01-01 – 2023-12-31: 593400000 USD Inspect Net Income Open source
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USD 776.5 million
Exact value

Exact value: 776500000 USD

2023-01-01 – 2023-12-31: 776500000 USD Inspect Operating Cash Flow Open source
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USD 362 million
Exact value

Exact value: 362000000 USD

2023-01-01 – 2023-12-31: 362000000 USD Inspect Capital Expenditure Open source
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USD 414.5 million
Calculation and evidence

776500000 − 362000000 USD

Exact free cash flow: 414500000 USD

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2024 2024-01-01 – 2024-12-31
USD 492.7 million
Exact value

Exact value: 492700000 USD

2024-01-01 – 2024-12-31: 492700000 USD Inspect Net Income Open source
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USD 653.4 million
Exact value

Exact value: 653400000 USD

2024-01-01 – 2024-12-31: 653400000 USD Inspect Operating Cash Flow Open source
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USD 377 million
Exact value

Exact value: 377000000 USD

2024-01-01 – 2024-12-31: 377000000 USD Inspect Capital Expenditure Open source
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USD 276.4 million
Calculation and evidence

653400000 − 377000000 USD

Exact free cash flow: 276400000 USD

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2025 2025-01-01 – 2025-12-31
USD 493.7 million
Exact value

Exact value: 493700000 USD

2025-01-01 – 2025-12-31: 493700000 USD Inspect Net Income Open source
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USD 754.8 million
Exact value

Exact value: 754800000 USD

2025-01-01 – 2025-12-31: 754800000 USD Inspect Operating Cash Flow Open source
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USD 285.9 million
Exact value

Exact value: 285900000 USD

2025-01-01 – 2025-12-31: 285900000 USD Inspect Capital Expenditure Open source
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USD 468.9 million
Calculation and evidence

754800000 − 285900000 USD

Exact free cash flow: 468900000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

170 filings · 8,370 latest values · 8,370 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000105770, 105770, WST, edgar:105770

Also known as WEST CO INC, WEST PHARMACEUTICAL SERVICES INC, WEST PHARMACEUTICAL SERVICES, INC.