West Pharmaceutical Services, I (WST) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 37.7%
EBITDA Margin: 25.8%
Op. Margin: 20.5%
Net Margin: 17.7%

Op. margin of 20.5% is up 0.5% YoY — cost efficiency is improving. Net margin at 17.7% and gross margin of 37.7% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit