West Pharmaceutical Services (WST) FY2025 10-K Annual Report

Filed: Feb 17, 2026
Health Care
Surgical & Medical Instruments & ApparatusSEC EDGAR

West Pharmaceutical Services (WST) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

West Pharmaceutical Services FY2025 10-K Analysis

Business Overview

  • Core business: Manufacturer of integrated containment and delivery systems for injectable drugs, including proprietary packaging and contract manufacturing
  • Emphasis on patient-centric self-injection devices combined with connected health technologies for improved treatment adherence
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Risk Factors

  • Regulatory risk: U.S. tariffs and retaliatory tariffs in operational jurisdictions; impact on supply chain currently not material but dynamic and monitored closely
  • Macroeconomic risk: $572.2 million cash held outside the U.S., exposing liquidity to foreign exchange volatility and global economic conditions
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West Pharmaceutical Services FY2025 Key Financial Metrics
XBRL

Revenue

$3.1B

+6.3% YoY

Net Income

$494M

+0.2% YoY

Gross Margin

35.9%

+140bp YoY

Operating Margin

19.0%

-67bp YoY

Net Margin

16.1%

-97bp YoY

ROE

15.5%

-282bp YoY

Total Assets

$4.3B

+17.2% YoY

EPS (Diluted)

$6.79

+1.5% YoY

Operating Cash Flow

$755M

+15.5% YoY

Source: XBRL data from West Pharmaceutical Services FY2025 10-K filing on SEC EDGAR. All figures in USD.

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