The Tip Desk

WEST PHARMACEUTICAL SERVICES INC

Company Stats

Market Cap
$26.1B
as of Sep 30, 2026
Enterprise Value
$25.5B
Shares Outstanding
69.7M
Free Float
92.7%

Income Statement

Revenue
$3.1B
Operating Income
$584.9M
Net Income
$493.7M
EBITDA
$756.3M
Non-cash Impairment
$11.7M
Revenue Growth, 3Y
2.1%
FCF Margin, 3Y Avg
13.0%
FCF Margin, Worst Year
9.6%

Cash Flow

Free Cash Flow
$468.9M
FCF Yield
1.8%
Owner FCF Yield
1.7%

Balance Sheet

Cash & Equivalents
$791.3M
Total Debt
$203.0M
Net Cash
$588.3M
EV / EBITDA
33.72x

Returns & Capital

Dividends Paid
$61.2M
Dividend Yield
0.2%
Dividend Payout, 3Y Avg
11.3%
Share Repurchases
$134.0M
Buyback Yield, 3Y Avg
1.4%
SBC, 3Y Avg
$21.9M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$3.1B$468.9M15.3%
FY2024$2.9B$276.4M9.6%
FY2023$2.9B$414.5M14.1%
FY2022$2.9B$439.4M15.2%
FY2021$2.8B$330.6M11.7%

Annual filing data through FY ended December 31, 2025; shares and float as of November 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage