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West Pharmaceutical Services vs Globus Medical: WST and GMED compared
West Pharmaceutical Services is the larger company: $874M of revenue in its latest quarter (Q3 2026) against $764M for Globus Medical (Q3 2026). West Pharmaceutical Services is growing faster (+9% against -0.7% a year earlier). West Pharmaceutical Services is more profitable, with an operating margin of 30.6% against 23.2%.
Where the money goes: WST and GMED
West Pharmaceutical Services (WST) · Q3 2026
West Pharmaceutical Services, Q3 2026: revenue $874M (+9% year over year), operating margin 30.6%, net earnings $214M, operating cash flow $190M. The chart follows the revenue to costs, profit and cash.
Globus Medical (GMED) · Q3 2026
Globus Medical, Q3 2026: revenue $764M (-0.7% year over year), operating margin 23.2%, net earnings $141M, operating cash flow $265M. The chart follows the revenue to costs, profit and cash.
| West Pharmaceutical Services (WST) | Globus Medical (GMED) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $874M | $764M |
| Revenue growth, Y/Y | +9% | -0.7% |
| Gross margin | 39.7% | — |
| Operating margin | 30.6% | 23.2% |
| Net earnings | $214M | $141M |
| Net margin | 24.5% | 18.5% |
| Operating cash flow | $190M | $265M |
| Free cash flow | $150M | $225M |
| Market value | $28.3B | $9.7B |
| P/E | 44.9× | 17.3× |
| Analysts’ mean target | $471.00 | $96.54 |
Where the revenue comes from
West Pharmaceutical Services
- Proprietary Products: $729M (83%)
- West Vantage: $146M (17%)
Globus Medical
- Musculoskeletal Solutions: $729M (95%)
- Enabling Technologies: $34.9M (5%)
Questions
Which is bigger, West Pharmaceutical Services or Globus Medical?
West Pharmaceutical Services is the larger company: $874M of revenue in its latest quarter (Q3 2026) against $764M for Globus Medical (Q3 2026).
Is West Pharmaceutical Services or Globus Medical growing faster?
West Pharmaceutical Services is growing faster (+9% against -0.7% a year earlier).
Which is more profitable, West Pharmaceutical Services or Globus Medical?
West Pharmaceutical Services is more profitable, with an operating margin of 30.6% against 23.2%.
More: West Pharmaceutical Services earnings · how West Pharmaceutical Services makes money · Globus Medical earnings · how Globus Medical makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.