West Pharmaceutical Services, Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, West Pharmaceutical Services, Inc. reported net income of $493.70M on revenue of $3.07B. Operating cash flow was $754.80M and capital expenditures were $285.90M, leaving $468.90M of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.51B | $1.60B | $1.72B | $1.84B | $2.15B | $2.83B | $2.89B | $2.95B | $2.89B | $3.07B |
| Gross profit | $501.40M | $512.90M | $545.40M | $605.70M | $767.80M | $1.18B | $1.14B | $1.13B | $998.50M | $1.10B |
| Operating income | $195.20M | $225.80M | $240.30M | $296.60M | $406.90M | $752.30M | $734.00M | $676.00M | $569.90M | $584.90M |
| Net income | $143.60M | $150.70M | $206.90M | $241.70M | $346.20M | $661.80M | $585.90M | $593.40M | $492.70M | $493.70M |
| Diluted EPS | $1.91 | $1.99 | $2.74 | $3.21 | $4.57 | $8.67 | $7.73 | $7.88 | $6.69 | $6.79 |
| Operating cash flow | $219.40M | $263.30M | $288.60M | $367.20M | $472.50M | $584.00M | $724.00M | $776.50M | $653.40M | $754.80M |
| Capital expenditures | $170.20M | $130.80M | $104.70M | $126.40M | $174.40M | $253.40M | $284.60M | $362.00M | $377.00M | $285.90M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | 35.9% | 19.0% | 16.1% |
| Dec 2024 | 34.5% | 19.7% | 17.0% |
| Dec 2023 | 38.3% | 22.9% | 20.1% |
| Dec 2022 | 39.4% | 25.4% | 20.3% |
| Dec 2021 | 41.5% | 26.6% | 23.4% |
Source: SEC EDGAR XBRL company facts for CIK 105770 (raw data). Most recent filing in this dataset: 10-Q filed Oct 29, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.