West Pharmaceutical Services (WST) financial statements
- FY2025 revenue
- $3.1B▲ +6.3%
- FY2025 net income
- $494M▲ +0.2%
- FY2025 diluted EPS
- $6.79▲ +1.5%
- FY2025 free cash flow
- $469M▲ +69.6%
West Pharmaceutical Services income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 3,074 | 2,893 | 2,950 |
| Gross profit | 1,104 | 999 | 1,129 |
| Operating income | 585 | 570 | 676 |
| Pretax income | 601 | 586 | 698 |
| Net income | 494 | 493 | 593 |
| Diluted earnings per share | 6.79 | 6.69 | 7.88 |
West Pharmaceutical Services balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 791 | 485 | 854 |
| Total assets | 4,270 | 3,643 | 3,830 |
| Total liabilities | 1,094 | 961 | 949 |
| Total equity | 3,176 | 2,682 | 2,881 |
| Long-term debt | 203 | 203 | 73 |
West Pharmaceutical Services cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 755 | 653 | 777 |
| Capital expenditure | -286 | -377 | -362 |
| Free cash flow (derived) | 469 | 276 | 415 |
| Dividends paid | -61 | -59 | -57 |
| Share repurchases | -134 | -561 | -438 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue (derived) | 875 | 872 | 845 | 805 |
| Operating income (derived) | 267 | 179 | 177 | 157 |
| Net income (derived) | 214 | 154 | 139 | 132 |
| Diluted earnings per share | 3.02 | 2.15 | 1.92 | n/a |
| Operating cash flow (derived) | 190 | 124 | 90 | 251 |
| Total assets | 4,061 | 4,076 | 4,110 | 4,270 |
West Pharmaceutical Services major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Abigail P. Johnson | 8.5% | 5,962,738 | 5 November 2026 |
| FMR LLC | 8.5% | 5,962,738 | 5 November 2026 |
| BlackRock, Inc. | 8.4% | 6,066,852 | 24 April 2025 |
| Vanguard Capital Management | 7.5% | 5,397,791 | 30 April 2026 |
| Vanguard Portfolio Management | 5.7% | 4,102,674 | 29 April 2026 |
West Pharmaceutical Services 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 29 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 29 October 2026 | 8-K | Current report | Current report |
| 26 October 2026 | 8-K | Current report | Current report |
| 23 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 23 July 2026 | 8-K | Current report | Current report |
| 14 July 2026 | 8-K | Current report | Current report |
| 1 June 2026 | 8-K | Current report | Current report |
| 11 May 2026 | 8-K | Current report | Current report |
Common questions
What was West Pharmaceutical Services' revenue in fiscal 2025?
West Pharmaceutical Services reported $3.1 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 6.3% from fiscal 2024.
What was West Pharmaceutical Services' net income in fiscal 2025?
West Pharmaceutical Services reported net income of $494 million for fiscal 2025, the year ended 31 December 2025, up 0.2% from fiscal 2024. Diluted earnings per share were $6.79.
What was West Pharmaceutical Services' free cash flow in fiscal 2025?
West Pharmaceutical Services had $469 million in free cash flow in fiscal 2025. Operating cash flow was $755 million and capital expenditure was $286 million.
What were West Pharmaceutical Services' total assets at the end of fiscal 2025?
West Pharmaceutical Services reported total assets of $4.3 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much West Pharmaceutical Services history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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