TTM
36.2%
YoY change
+1.25pp
Trough year (2005)
27.7%
Peak year (2021)
41.5%
Latest annual
35.9%
Gross Margin history chart for West Pharmaceutical Services (WST) from 1985 to 2025
Latest: 35.9%
Gross Margin change chart for West Pharmaceutical Services (WST) from 1985 to 2025
Latest: +1.25pp
Gross Margin history table for West Pharmaceutical Services (WST) from 1985 to 2025
| 2025 | 35.9% | +1.25pp | ||
| 2024 | 34.6% | -3.74pp | ||
| 2023 | 38.4% | -1.09pp | ||
| 2022 | 39.5% | -1.98pp | ||
| 2021 | 41.5% | +5.68pp | ||
| 2020 | 35.8% | +2.75pp | ||
| 2019 | 33.0% | +1.22pp | ||
| 2018 | 31.8% | -0.37pp | ||
| 2017 | 32.2% | -1.03pp | ||
| 2016 | 33.2% | +0.72pp | ||
| 2015 | 32.5% | +0.98pp | ||
| 2014 | 31.5% | +0.11pp | ||
| 2013 | 31.4% | +0.77pp | ||
| 2012 | 30.6% | +2.20pp | ||
| 2011 | 28.4% | -0.32pp | ||
| 2010 | 28.7% | -0.01pp | ||
| 2009 | 28.8% | -0.03pp | ||
| 2008 | 28.8% | +0.18pp | ||
| 2007 | 28.6% | -0.06pp | ||
| 2006 | 28.7% | +0.97pp | ||
| 2005 | 27.7% | -3.23pp | ||
| 2004 | 30.9% | -0.82pp | ||
| 2003 | 31.8% | +3.73pp | ||
| 2002 | 28.0% | -1.23pp | ||
| 2001 | 29.3% | -3.39pp | ||
| 2000 | 32.6% | -5.73pp | ||
| 1999 | 38.4% | +1.12pp | ||
| 1998 | 37.2% | +1.00pp | ||
| 1997 | 36.2% | +2.07pp | ||
| 1996 | 34.2% | -1.62pp | ||
| 1995 | 35.8% | -2.33pp | ||
| 1994 | 38.1% | +1.82pp | ||
| 1993 | 36.3% | +0.71pp | ||
| 1992 | 35.6% | +2.77pp | ||
| 1991 | 32.8% | +1.36pp | ||
| 1990 | 31.5% | -1.58pp | ||
| 1989 | 33.0% | +1.54pp | ||
| 1988 | 31.5% | +0.36pp | ||
| 1987 | 31.1% | -0.85pp | ||
| 1986 | 32.0% | -0.66pp | ||
| 1985 | 32.7% | — |
- 202535.9%+1.25pp
- 202434.6%-3.74pp
- 202338.4%-1.09pp
- 202239.5%-1.98pp
- 202141.5%+5.68pp
- 202035.8%+2.75pp
- 201933.0%+1.22pp
- 201831.8%-0.37pp
- 201732.2%-1.03pp
- 201633.2%+0.72pp
- 201532.5%+0.98pp
- 201431.5%+0.11pp
- 201331.4%+0.77pp
- 201230.6%+2.20pp
- 201128.4%-0.32pp
- 201028.7%-0.01pp
- 200928.8%-0.03pp
- 200828.8%+0.18pp
- 200728.6%-0.06pp
- 200628.7%+0.97pp
- 200527.7%-3.23pp
- 200430.9%-0.82pp
- 200331.8%+3.73pp
- 200228.0%-1.23pp
- 200129.3%-3.39pp
- 200032.6%-5.73pp
- 199938.4%+1.12pp
- 199837.2%+1.00pp
- 199736.2%+2.07pp
- 199634.2%-1.62pp
- 199535.8%-2.33pp
- 199438.1%+1.82pp
- 199336.3%+0.71pp
- 199235.6%+2.77pp
- 199132.8%+1.36pp
- 199031.5%-1.58pp
- 198933.0%+1.54pp
- 198831.5%+0.36pp
- 198731.1%-0.85pp
- 198632.0%-0.66pp
- 198532.7%—
Gross Margin values are taken from West Pharmaceutical Services's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at West Pharmaceutical Services (WST)
According to West Pharmaceutical Services's latest reported financial statements, the company's latest reported gross margin is 36.2%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
West Pharmaceutical Services (WST) most recent annual gross margin stands at 35.89% (2025) – expanded 1.2 percentage points year-over-year.
Across the available history, gross margin reached its high of 41.45% in 2021 and its low of 27.70% in 2005.
West Pharmaceutical Services Gross Margin by Year
West Pharmaceutical Services Gross Margin 2025: 35.9%
West Pharmaceutical Services posted gross margin of 35.89% in 2025, expanded 1.2 percentage points from 2024.
West Pharmaceutical Services Gross Margin 2024: 34.6%
In 2024, West Pharmaceutical Services reported gross margin of 34.65%, contracted 3.7 percentage points from 2023.
West Pharmaceutical Services Gross Margin 2023: 38.4%
West Pharmaceutical Services gross margin in 2023 was 38.38%, contracted 1.1 percentage points from 2022.
West Pharmaceutical Services Gross Margin 2022: 39.5%
2022's gross margin for West Pharmaceutical Services came in at 39.47%, contracted 2.0 percentage points from 2021.
West Pharmaceutical Services Gross Margin 2021: 41.5%
West Pharmaceutical Services gross margin in 2021 was 41.45%.
See more financial history for West Pharmaceutical Services (WST).
Sector peers by Gross Margin
Healthcare peers of West Pharmaceutical Services (WST), ranked by their latest gross margin
| 83.5% | |
| 81.8% | |
| 81.7% | |
| 75.9% | |
| 71.5% | |
| 70.7% | |
| 70.0% | |
| 18.8% |
- 83.5%
- 81.8%
- 81.7%
- 75.9%
- 71.5%
- 70.7%
Frequently asked questions
West Pharmaceutical Services (WST) Key Financials
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