TTM
20.7%
YoY change
−0.47pp
Trough year (1991)
-0.4%
Peak year (2021)
26.8%
Latest annual
20.1%
Operating Margin history chart for West Pharmaceutical Services (WST) from 1985 to 2025
Latest: 20.1%
Operating Margin change chart for West Pharmaceutical Services (WST) from 1985 to 2025
Latest: −0.47pp
Operating Margin history table for West Pharmaceutical Services (WST) from 1985 to 2025
| 2025 | 20.1% | -0.47pp | ||
| 2024 | 20.6% | -3.53pp | ||
| 2023 | 24.1% | -2.37pp | ||
| 2022 | 26.5% | -0.34pp | ||
| 2021 | 26.8% | +7.28pp | ||
| 2020 | 19.5% | +3.40pp | ||
| 2019 | 16.1% | +1.29pp | ||
| 2018 | 14.8% | +0.48pp | ||
| 2017 | 14.4% | +0.07pp | ||
| 2016 | 14.3% | +5.29pp | ||
| 2015 | 9.0% | -3.80pp | ||
| 2014 | 12.8% | +1.34pp | ||
| 2013 | 11.5% | +0.67pp | ||
| 2012 | 10.8% | +1.06pp | ||
| 2011 | 9.7% | +0.12pp | ||
| 2010 | 9.6% | -0.45pp | ||
| 2009 | 10.0% | -1.81pp | ||
| 2008 | 11.9% | +0.78pp | ||
| 2007 | 11.1% | -0.50pp | ||
| 2006 | 11.6% | +1.11pp | ||
| 2005 | 10.5% | -1.34pp | ||
| 2004 | 11.8% | +0.69pp | ||
| 2003 | 11.1% | +4.74pp | ||
| 2002 | 6.4% | -4.04pp | ||
| 2001 | 10.4% | +2.11pp | ||
| 2000 | 8.3% | -5.85pp | ||
| 1999 | 14.2% | -0.23pp | ||
| 1998 | 14.4% | +0.71pp | ||
| 1997 | 13.7% | +2.06pp | ||
| 1996 | 11.6% | -0.08pp | ||
| 1995 | 11.7% | -1.20pp | ||
| 1994 | 12.9% | +1.11pp | ||
| 1993 | 11.8% | +0.05pp | ||
| 1992 | 11.7% | +12.13pp | ||
| 1991 | -0.4% | -6.95pp | ||
| 1990 | 6.6% | -5.13pp | ||
| 1989 | 11.7% | +1.15pp | ||
| 1988 | 10.5% | -1.26pp | ||
| 1987 | 11.8% | -1.27pp | ||
| 1986 | 13.1% | +0.71pp | ||
| 1985 | 12.4% | — |
- 202520.1%-0.47pp
- 202420.6%-3.53pp
- 202324.1%-2.37pp
- 202226.5%-0.34pp
- 202126.8%+7.28pp
- 202019.5%+3.40pp
- 201916.1%+1.29pp
- 201814.8%+0.48pp
- 201714.4%+0.07pp
- 201614.3%+5.29pp
- 20159.0%-3.80pp
- 201412.8%+1.34pp
- 201311.5%+0.67pp
- 201210.8%+1.06pp
- 20119.7%+0.12pp
- 20109.6%-0.45pp
- 200910.0%-1.81pp
- 200811.9%+0.78pp
- 200711.1%-0.50pp
- 200611.6%+1.11pp
- 200510.5%-1.34pp
- 200411.8%+0.69pp
- 200311.1%+4.74pp
- 20026.4%-4.04pp
- 200110.4%+2.11pp
- 20008.3%-5.85pp
- 199914.2%-0.23pp
- 199814.4%+0.71pp
- 199713.7%+2.06pp
- 199611.6%-0.08pp
- 199511.7%-1.20pp
- 199412.9%+1.11pp
- 199311.8%+0.05pp
- 199211.7%+12.13pp
- 1991-0.4%-6.95pp
- 19906.6%-5.13pp
- 198911.7%+1.15pp
- 198810.5%-1.26pp
- 198711.8%-1.27pp
- 198613.1%+0.71pp
- 198512.4%—
Operating 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 Operating Margin at West Pharmaceutical Services (WST)
According to West Pharmaceutical Services's latest reported financial statements, the company's latest reported operating margin is 20.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of West Pharmaceutical Services (WST) operating margin is 20.09% – contracted 0.5 percentage points year-over-year.
2021 marks the peak operating margin at 26.80%, with the historical low of -0.39% recorded in 1991.
West Pharmaceutical Services Operating Margin by Year
West Pharmaceutical Services Operating Margin 2025: 20.1%
In 2025, West Pharmaceutical Services reported operating margin of 20.09%, contracted 0.5 percentage points from 2024.
West Pharmaceutical Services Operating Margin 2024: 20.6%
West Pharmaceutical Services operating margin in 2024 was 20.56%, contracted 3.5 percentage points from 2023.
West Pharmaceutical Services Operating Margin 2023: 24.1%
2023's operating margin for West Pharmaceutical Services came in at 24.09%, contracted 2.4 percentage points from 2022.
West Pharmaceutical Services Operating Margin 2022: 26.5%
West Pharmaceutical Services posted operating margin of 26.46% in 2022, contracted 0.3 percentage points from 2021.
West Pharmaceutical Services Operating Margin 2021: 26.8%
West Pharmaceutical Services operating margin in 2021 was 26.80%.
See more financial history for West Pharmaceutical Services (WST).
Sector peers by Operating Margin
Healthcare peers of West Pharmaceutical Services (WST), ranked by their latest operating margin
| 45.9% | |
| 45.3% | |
| 31.6% | |
| 27.6% | |
| 27.6% | |
| 26.4% | |
| 23.7% | |
| 4.2% |
- 45.9%
- 45.3%
- 31.6%
- 27.6%
- 27.6%
- 23.7%
Frequently asked questions
West Pharmaceutical Services (WST) Key Financials
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