10x Insights
Loading account…
Companies / Health Care / West Pharmaceutical Services
WST

West Pharmaceutical Services

Health CareSurgical & Medical InstrumentsS&P 500
Ticker WSTEXTON, PAFiscal year ends DecemberBook value per share $41.59Diluted shares 71.9M

West Pharmaceutical Services, Inc. (NYSE: WST) operates as a leading global manufacturer of technologically advanced, high-quality integrated containment and delivery systems for injectable drugs and healthcare products. The company maintains its website at www.westpharma.com and serves biologic, generic,… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.07BFY2025
+6.3% year over year
Last 12 mo $3.33B
19.03%FY2025
−0.7 percentage points
Last 12 mo 20.45%
$493.70MFY2025
+0.2% year over year
Last 12 mo $564.90M
15.54%FY2025
−2.8 percentage points
Last 12 mo 18.89%
Cash & financing
$754.80MFY2025
+15.5% year over year
Last 12 mo $662.20M
$468.90MFY2025
+69.6% year over year
Last 12 mo $436.90M
0.06FY2025
Was 0.08× a year earlier
Last 12 mo 0.07
72.7MFY2025
−1.4% year over year
Last 12 mo 71.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What West Pharmaceutical Services does

In the company’s own words

West Pharmaceutical Services, Inc. (NYSE: WST) operates as a leading global manufacturer of technologically advanced, high-quality integrated containment and delivery systems for injectable drugs and healthcare products. The company maintains its website at www.westpharma.com and serves biologic, generic, pharmaceutical, diagnostic, and medical device companies worldwide.

The company operates through two primary business segments. The Proprietary Products segment, representing approximately 73 percent of the workforce, offers elastomers and primary containment solutions, drug delivery devices, integrated systems, and analytical laboratory services. This segment manufactures stoppers and seals for injectable packaging systems, syringe and cartridges components, vials, plungers, and self-injection devices. The company also provides films, coatings, washing, vision inspection, and sterilization processes. The Contract-Manufactured Products segment focuses on the design, manufacture, and automated assembly of complex devices for pharmaceutical, diagnostic, and medical device customers, utilizing technologies including multi-component molding, ultrasonic welding, and clean room molding.

West employs approximately 10,800 people globally, distributed across North America (43 percent), Europe (42 percent), Asia Pacific (12 percent), and South America (3 percent). The company maintains manufacturing facilities across North and South America, Europe, and Asia, with affiliated companies in Japan and Mexico. International operations generated 56.7 percent of consolidated net sales in 2025, reflecting the company's substantial global presence.

The company's product portfolio includes the proprietary Crystal Zenith brand, a registered trademark licensed from Daikyo Seiko, Ltd., which represents a significant innovation in drug containment solutions. West differentiates itself through integrated solutions combining primary packaging components, containment solutions, and drug delivery devices with pre-approval support, engineering development, regulatory expertise, and technical support. The company's top ten customers accounted for 47.6 percent of consolidated net sales in 2025, with one customer representing 15.8 percent of net sales across both reportable segments.

West maintains robust intellectual property protections through owned and licensed patents, trademarks, and proprietary technologies. The company competes with firms including Datwyler and Aptar in proprietary products and Phillips Medisize and other contract manufacturers in device assembly, differentiating through quality, regulatory compliance, scientific expertise, and global manufacturing capabilities.

Company details
Sector
Health Care
Industry (SIC)
Surgical & Medical Instruments
Headquarters
EXTON, PA
Fiscal year end
December
CIK
105770
SIC
3841

Financial performance, year by year

Fiscal 2013–2025 · USD
$-332.68M$665.36M$1.66B$2.66B$3.66B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns West Pharmaceutical Services — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

678
funds hold it
1 of 35
superinvestors hold it
$9.66B
held by funds, at market
39.8%
of shares held by funds

Superinvestors in West Pharmaceutical Services · what they did last quarter

Mark HillmanDECREASED -20.2%
Hillman Capital Management
1.8%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · West Pharmaceutical Services’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.25%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.04%of fund net assets
0.19%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do West Pharmaceutical Services and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of West Pharmaceutical Services's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in West Pharmaceutical Services's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.