West Pharmaceutical Services, Inc. WST

Revenue Intelligence Report • 66 quarters of SEC filing data • Updated 2026-03-06

West Pharmaceutical Services, Inc. demonstrates a strong revenue model driven primarily by its effective SG&A spending, which generates $12.70 in long-run revenue for every dollar invested, contrasting sharply with the negative return from R&D spending. The company reported a quarterly revenue of $805 million, with a forecasted FY revenue of $3.363 billion, reflecting a healthy 9.4% year-over-year growth. With a model accuracy of 2.5% MAPE and a recent holdout test showing only a 1.0% prediction error, investors can be confident in the reliability of the company's financial outlook. Overall, West Pharmaceutical's strategic focus on optimizing SG&A investments positions it well for sustained growth and profitability.

Next FY Revenue
$3363.15M
+9.4% YoY
R&D Multiplier
$-25.51 per $1
SG&A Multiplier
$12.70 per $1
Model Accuracy
2.5% MAPE
Holdout validation: The model predicted $797M vs the actual $805M — an error of 1.0%.
⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.

Revenue Forecast

WST Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $797M $805M $765M – $829M +6.4% ✓ In range
Q2 2026 $797M $752M – $842M +14.1%
Q3 2026 $821M $766M – $877M +7.2%
Q4 2026 $862M $798M – $926M +7.1%
Q1 2027 $883M $812M – $954M +9.7%

How Spending Drives Revenue

WST Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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