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: 35.1%
EBITDA Margin: 26.3%
Op. Margin: 21.0%
Net Margin: 16.4%

Op. margin of 21.0% is up 5.6% YoY — cost efficiency is improving. Net margin at 16.4% and gross margin of 35.1% — earnings take a bigger bite when COGS stays lean..

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