West Pharmaceutical Services, Inc.

NYSE:WST Stock Report

Market Cap: US$22.4b

West Pharmaceutical Services Management

Management criteria checks 4/4

West Pharmaceutical Services' CEO is Eric Green, appointed in Apr 2015, has a tenure of 11.08 years. total yearly compensation is $7.19M, comprised of 16.4% salary and 83.6% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth $56.79M. The average tenure of the management team and the board of directors is 2.3 years and 10.3 years respectively.

Key information

Eric Green

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage16.37%
CEO tenure11.1yrs
CEO ownership0.3%
Management average tenure2.3yrs
Board average tenure10.3yrs

Recent management updates

Recent updates

Seeking Alpha Apr 30

West Pharmaceutical: Multiple Growth Drivers Are A Tailwind

Summary West Pharmaceutical Services maintains dominant market share in injectable drug delivery, underpinned by a wide moat and robust regulatory positioning. WST reported strong Q1 2026 results, with revenue up 21% and adjusted EPS up 46.9%, prompting a guidance raise and share price rebound. Key growth drivers include biologics market expansion, GLP-1 drug demand, and Annex 1 regulatory upgrades, supporting recurring revenue and margin strength. I rate WST a long-term 'hold' due to exemplary dividend safety and a fortress balance sheet, but the current valuation is only slightly below fair value. Read the full article on Seeking Alpha
Narrative Update Apr 27

WST: Higher Margin Mix And Contract Services Expansion Will Support Earnings Power

Analysts have lifted the implied fair value estimate for West Pharmaceutical Services by about $11 to roughly $350, as a series of recent price target changes reflect updated assumptions around growth, margins and P/E multiples. Analyst Commentary Recent Street research on West Pharmaceutical Services shows a mix of upbeat and cautious messages as analysts recalibrate their models and price targets around updated assumptions for growth, margins and P/E multiples.
Narrative Update Feb 07

WST: Margin Resilience And Drug Delivery Portfolio Shift Will Support Earnings Power

Analysts have trimmed their price target on West Pharmaceutical Services by about US$7. This reflects updated assumptions around slightly softer revenue growth, a modestly higher discount rate, a small adjustment to future P/E expectations, and a marginally stronger profit margin outlook.
Narrative Update Jan 24

WST: 2026 Drug Delivery Focus And New Syringe Platform Will Support Earnings Power

Analysts have kept their fair value estimate for West Pharmaceutical Services steady at about $345.71 per share, with only slight tweaks to assumptions like the discount rate, long term revenue growth, profit margin, and future P/E, which together feed into their updated price target narrative. What's in the News West Pharmaceutical Services agreed to sell all manufacturing and supply rights for its SmartDose 3.5 mL On Body Delivery System, along with associated facilities, to AbbVie for total consideration of US$112.5 million at close, subject to working capital and other adjustments (Key Developments).
Narrative Update Jan 07

WST: Normalizing Markets And 2026 Visibility Will Support Earnings Power

Narrative update The updated analyst price target for West Pharmaceutical Services reflects a largely steady fair value near US$346. Analysts point to recent target hikes, higher EPS estimates and a constructive view on growth drivers into 2026 as key supports for the current valuation framework.
Narrative Update Dec 19

WST: Normalizing End Markets Will Support Stronger Earnings Base Into 2026

Analysts have modestly raised their price target on West Pharmaceutical Services to approximately $370, up from about $310. This reflects increased earnings estimates, a stronger setup into 2026, and improving, more stable end markets.
Narrative Update Dec 05

WST: Normalizing End Markets Will Support Strong Earnings Base Into 2026

Analysts have nudged their price target for West Pharmaceutical Services slightly higher to approximately $370, reflecting increased confidence in the company’s earnings power and growth drivers as market conditions normalize and set up favorably into 2026. Analyst Commentary Analyst views on West Pharmaceutical Services remain broadly constructive, with recent target hikes reflecting growing conviction that the company can sustain its earnings recovery as end markets normalize into 2026.
Narrative Update Nov 21

WST: Strong 2025 Outlook and Management Confidence Will Sustain Positive Momentum

West Pharmaceutical Services has seen its average analyst price target raised, with significant increases attributed to strong quarterly results, growing end market confidence, and a positive management outlook for 2026, according to analysts. Analyst Commentary Analysts have responded to West Pharmaceutical Services' recent performance and outlook with a range of observations tying directly to the company's valuation, execution, and growth prospects.
Narrative Update Nov 07

WST: Sustained Earnings Momentum Will Drive Confidence Into 2026

West Pharmaceutical Services has seen its average analyst price target rise from approximately $321 to $351. Analysts cite continued growth drivers and improved market conditions following a strong quarterly performance.
Narrative Update Oct 23

Analysts Raise Target for West Pharmaceutical Services Amid Strong Outlook and Upgraded Guidance

Analysts have increased their price target for West Pharmaceutical Services by $5 to $321. They cited the company's encouraging earnings call, management's confidence in future estimates, and stable end markets with improving investment sentiment.
Analysis Article Jul 25

West Pharmaceutical Services, Inc.'s (NYSE:WST) Shares Climb 25% But Its Business Is Yet to Catch Up

West Pharmaceutical Services, Inc. ( NYSE:WST ) shareholders have had their patience rewarded with a 25% share price...
Analysis Article Jul 13

Here's Why West Pharmaceutical Services (NYSE:WST) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Seeking Alpha Mar 11

West Pharmaceutical: Remains A Strong Long-Term Prospect

Summary West Pharmaceutical Services has faced a challenging year, underperforming against the index, with declining volumes, margins, and returns, but remains a strong long-term investment. The company's high-value products segment, driven by GLP-1 medications and biologics, is expected to boost margins and returns significantly. Despite poor timing in share buybacks and management concerns, West's valuation suggests a potential 12.8% annual return, making it a buy. Key risks include management's strategic decisions and valuation, but the worst seems behind, with attractive prices for long-term growth. Read the full article on Seeking Alpha
Seeking Alpha Feb 17

West Pharmaceuticals Takes A Plunge, But May Still Offer Opportunities

Summary The price of West Pharmaceutical Services plunged over 38% after it released its Q4 and FY 2024 earnings results on February 13. Shareholders, mostly institutional investors apparently, did not like the bottom-line results nor the uninspiring guidance for 2025. Still, West should not be overlooked, and there may be opportunities if the share price continues to rebound after a market overreaction. Read the full article on Seeking Alpha
Seeking Alpha Jan 08

West Pharmaceuticals: Cannot Wrap My Head Around Valuations (Rating Downgrade)

Summary West Pharmaceutical Services stock is down 16% on deteriorating fundamentals. WST's business is contracting, with lower sales growth, compressed margins, and declining ROIC, making current valuations unjustifiable. Industry advantages exist, but high multiples and low incremental returns suggest limited compounding ability. I revise WST to hold with a $300-$330/share valuation, emphasizing the need for it to produce 4%+ sales growth and improved ROIC FY'26 to justify current prices. Read the full article on Seeking Alpha
Seeking Alpha Oct 11

West Pharma's Destocking Dilemma: Why Staying On The Sidelines Makes Sense

Summary West Pharmaceutical Services' stock has been sluggish, trading near its 52-week low, with analysts downgrading estimates and technical indicators pointing to further downside. The company has a strong market position in injectable drug delivery systems, but post-COVID demand normalization and destocking have impacted recent performance. Despite robust seasonal trends, the stock is vulnerable to tax-loss selling, with Morgan Stanley naming it among the most at-risk stocks. Given these factors, a cautious hold on West Pharma is recommended, awaiting potential recovery in Q4 and beyond. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Eric Green's remuneration changed compared to West Pharmaceutical Services's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$543m

Dec 31 2025US$7mUS$1m

US$494m

Sep 30 2025n/an/a

US$492m

Jun 30 2025n/an/a

US$488m

Mar 31 2025n/an/a

US$467m

Dec 31 2024US$8mUS$1m

US$493m

Sep 30 2024n/an/a

US$500m

Jun 30 2024n/an/a

US$525m

Mar 31 2024n/an/a

US$569m

Dec 31 2023US$9mUS$1m

US$593m

Sep 30 2023n/an/a

US$559m

Jun 30 2023n/an/a

US$519m

Mar 31 2023n/an/a

US$552m

Dec 31 2022US$8mUS$1m

US$586m

Sep 30 2022n/an/a

US$631m

Jun 30 2022n/an/a

US$686m

Mar 31 2022n/an/a

US$684m

Dec 31 2021US$9mUS$1m

US$662m

Sep 30 2021n/an/a

US$613m

Jun 30 2021n/an/a

US$519m

Mar 31 2021n/an/a

US$423m

Dec 31 2020US$8mUS$989k

US$346m

Sep 30 2020n/an/a

US$312m

Jun 30 2020n/an/a

US$286m

Mar 31 2020n/an/a

US$261m

Dec 31 2019US$7mUS$936k

US$242m

Compensation vs Market: Eric's total compensation ($USD7.19M) is below average for companies of similar size in the US market ($USD14.79M).

Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.


CEO

Eric Green (55 yo)

11.1yrs
Tenure
US$7,190,876
Compensation

Mr. Eric M. Green serves as Independent Director at Ecolab Inc. since December 08, 2022. He has been the Chief Executive Officer of West Pharmaceutical Services, Inc. since April 24, 2015 and its President...


Leadership Team

NamePositionTenureCompensationOwnership
Eric Green
Non-Independent Chair of the Board11.1yrsUS$7.19m0.25%
$ 56.8m
Robert McMahon
Senior VP & CFOless than a yearUS$11.80m0.0042%
$ 943.4k
Annette Favorite
Chief HR Officer & Senior VP10.6yrsUS$1.39m0.024%
$ 5.3m
Shane Campbell
SVP & Chief Proprietary Segment Officer1yrUS$2.40m0.00087%
$ 194.5k
Chad Winters
VP of Finance & Chief Accounting Officer6yrsno data0.0022%
$ 482.9k
Devesh Mathur
Senior VP & CTOless than a yearno datano data
John Sweeney
Vice President of Investor Relationsno datano datano data
Norman Finch
Senior VPless than a yearno datano data
Michele Polinsky
Vice President of Global Communicationsno datano datano data
Rudy Poussot
Senior Vice President of Strategy & Corporate Development2.5yrsno data0.00079%
$ 176.6k
Kathy DePadua
Senior VP and Chief Quality & Regulatory Officer4yrsno datano data
Aileen Ruff-Patry
President of Contract Manufacturing2.1yrsno datano data
2.3yrs
Average Tenure
55yo
Average Age

Experienced Management: WST's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eric Green
Non-Independent Chair of the Board11yrsUS$7.19m0.25%
$ 56.8m
Myla Lai-Goldman
Independent Director12.3yrsUS$344.94k0.025%
$ 5.5m
Robert Friel
Lead Independent Director6.3yrsUS$353.84k0.0067%
$ 1.5m
Thomas Hofmann
Independent Director18.6yrsUS$355.94k0.062%
$ 13.8m
Janet Haugen
Independent Director1.4yrsUS$330.94k0.0022%
$ 500.7k
Mark Buthman
Independent Director15.3yrsUS$344.94k0.062%
$ 13.8m
Douglas Michels
Independent Director15.3yrsUS$329.94k0.065%
$ 14.5m
Paolo Pucci
Independent Director9.7yrsUS$332.14k0.016%
$ 3.5m
Stephen Lockhart
Independent Director3.8yrsUS$329.94k0.0039%
$ 865.1k
William Feehery
Independent Director14.3yrsUS$329.94k0.045%
$ 10.0m
Deborah L. Keller
Independent Director8.9yrsUS$334.94kno data
Molly Joseph
Independent Director4.8yrsUS$343.84k0.0051%
$ 1.1m
10.3yrs
Average Tenure
65yo
Average Age

Experienced Board: WST's board of directors are seasoned and experienced ( 10.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 14:19
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

West Pharmaceutical Services, Inc. is covered by 25 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Luke SergottBarclays
Lawrence MarshBarclays
Michael RyskinBofA Global Research