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Side-by-side financial comparison of ACUITY INC. (DE) (AYI) and West Pharmaceutical Services (WST). Click either name above to swap in a different company.

ACUITY INC. (DE) is the larger business by last-quarter revenue ($1.1B vs $805.0M, roughly 1.3× West Pharmaceutical Services). West Pharmaceutical Services runs the higher net margin — 16.4% vs 9.2%, a 7.2% gap on every dollar of revenue. On growth, West Pharmaceutical Services posted the faster year-over-year revenue change (7.5% vs 4.9%). Over the past eight quarters, West Pharmaceutical Services's revenue compounded faster (7.6% CAGR vs 4.4%).

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West Pharmaceutical Services, Inc. is a designer and manufacturer of injectable pharmaceutical packaging and delivery systems. Founded in 1923 by Herman O. West and J.R. Wike of Philadelphia, the company is headquartered in Exton, Pennsylvania. In its early years of development, West produced rubber components for packaging injectable drugs, providing a sterile environment for the producers of penicillin and insulin.

AYI vs WST — Head-to-Head

Bigger by revenue
AYI
AYI
1.3× larger
AYI
$1.1B
$805.0M
WST
Growing faster (revenue YoY)
WST
WST
+2.6% gap
WST
7.5%
4.9%
AYI
Higher net margin
WST
WST
7.2% more per $
WST
16.4%
9.2%
AYI
Faster 2-yr revenue CAGR
WST
WST
Annualised
WST
7.6%
4.4%
AYI

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AYI
AYI
WST
WST
Revenue
$1.1B
$805.0M
Net Profit
$96.8M
$132.1M
Gross Margin
49.3%
37.8%
Operating Margin
12.6%
19.5%
Net Margin
9.2%
16.4%
Revenue YoY
4.9%
7.5%
Net Profit YoY
24.9%
1.5%
EPS (diluted)
$3.09
$1.82

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AYI
AYI
WST
WST
Q1 26
$1.1B
Q4 25
$1.1B
$805.0M
Q3 25
$1.2B
$804.6M
Q2 25
$1.2B
$766.5M
Q1 25
$1.0B
$698.0M
Q4 24
$951.6M
$748.8M
Q3 24
$1.0B
$746.9M
Q2 24
$968.1M
$702.1M
Net Profit
AYI
AYI
WST
WST
Q1 26
$96.8M
Q4 25
$120.5M
$132.1M
Q3 25
$114.0M
$140.0M
Q2 25
$98.4M
$131.8M
Q1 25
$77.5M
$89.8M
Q4 24
$106.7M
$130.1M
Q3 24
$118.9M
$136.0M
Q2 24
$113.9M
$111.3M
Gross Margin
AYI
AYI
WST
WST
Q1 26
49.3%
Q4 25
48.4%
37.8%
Q3 25
48.9%
36.6%
Q2 25
48.4%
35.7%
Q1 25
46.5%
33.2%
Q4 24
47.2%
36.5%
Q3 24
47.3%
35.4%
Q2 24
46.7%
32.8%
Operating Margin
AYI
AYI
WST
WST
Q1 26
12.6%
Q4 25
14.0%
19.5%
Q3 25
14.9%
20.8%
Q2 25
11.9%
20.1%
Q1 25
11.0%
15.3%
Q4 24
14.0%
21.3%
Q3 24
15.2%
21.6%
Q2 24
15.0%
18.0%
Net Margin
AYI
AYI
WST
WST
Q1 26
9.2%
Q4 25
10.5%
16.4%
Q3 25
9.4%
17.4%
Q2 25
8.3%
17.2%
Q1 25
7.7%
12.9%
Q4 24
11.2%
17.4%
Q3 24
11.5%
18.2%
Q2 24
11.8%
15.9%
EPS (diluted)
AYI
AYI
WST
WST
Q1 26
$3.09
Q4 25
$3.82
$1.82
Q3 25
$3.61
$1.92
Q2 25
$3.12
$1.82
Q1 25
$2.45
$1.23
Q4 24
$3.35
$1.78
Q3 24
$3.77
$1.85
Q2 24
$3.62
$1.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AYI
AYI
WST
WST
Cash + ST InvestmentsLiquidity on hand
$272.5M
$791.3M
Total DebtLower is stronger
$697.1M
$202.8M
Stockholders' EquityBook value
$2.8B
$3.2B
Total Assets
$4.6B
$4.3B
Debt / EquityLower = less leverage
0.25×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYI
AYI
WST
WST
Q1 26
$272.5M
Q4 25
$376.1M
$791.3M
Q3 25
$422.5M
$628.5M
Q2 25
$371.8M
$509.7M
Q1 25
$397.9M
$404.2M
Q4 24
$935.6M
$484.6M
Q3 24
$845.8M
$490.9M
Q2 24
$699.0M
$446.2M
Total Debt
AYI
AYI
WST
WST
Q1 26
$697.1M
Q4 25
$202.8M
Q3 25
$202.7M
Q2 25
$202.6M
Q1 25
$202.6M
Q4 24
$202.6M
Q3 24
$202.6M
Q2 24
$205.8M
Stockholders' Equity
AYI
AYI
WST
WST
Q1 26
$2.8B
Q4 25
$2.8B
$3.2B
Q3 25
$2.7B
$3.1B
Q2 25
$2.6B
$2.9B
Q1 25
$2.5B
$2.7B
Q4 24
$2.5B
$2.7B
Q3 24
$2.4B
$2.8B
Q2 24
$2.3B
$2.6B
Total Assets
AYI
AYI
WST
WST
Q1 26
$4.6B
Q4 25
$4.7B
$4.3B
Q3 25
$4.8B
$4.1B
Q2 25
$4.6B
$4.0B
Q1 25
$4.6B
$3.6B
Q4 24
$3.9B
$3.6B
Q3 24
$3.8B
$3.7B
Q2 24
$3.6B
$3.5B
Debt / Equity
AYI
AYI
WST
WST
Q1 26
0.25×
Q4 25
0.06×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.08×
Q4 24
0.08×
Q3 24
0.07×
Q2 24
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AYI
AYI
WST
WST
Operating Cash FlowLast quarter
$229.9M
$251.1M
Free Cash FlowOCF − Capex
$175.0M
FCF MarginFCF / Revenue
21.7%
Capex IntensityCapex / Revenue
9.5%
Cash ConversionOCF / Net Profit
2.38×
1.90×
TTM Free Cash FlowTrailing 4 quarters
$468.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYI
AYI
WST
WST
Q1 26
$229.9M
Q4 25
$140.8M
$251.1M
Q3 25
$202.5M
$197.2M
Q2 25
$207.3M
$177.1M
Q1 25
$59.4M
$129.4M
Q4 24
$132.2M
$190.1M
Q3 24
$174.1M
$180.1M
Q2 24
$152.5M
$165.0M
Free Cash Flow
AYI
AYI
WST
WST
Q1 26
Q4 25
$114.8M
$175.0M
Q3 25
$177.7M
$133.9M
Q2 25
$192.3M
$101.9M
Q1 25
$49.7M
$58.1M
Q4 24
$113.3M
$85.2M
Q3 24
$151.1M
$98.8M
Q2 24
$140.5M
$64.8M
FCF Margin
AYI
AYI
WST
WST
Q1 26
Q4 25
10.0%
21.7%
Q3 25
14.7%
16.6%
Q2 25
16.3%
13.3%
Q1 25
4.9%
8.3%
Q4 24
11.9%
11.4%
Q3 24
14.6%
13.2%
Q2 24
14.5%
9.2%
Capex Intensity
AYI
AYI
WST
WST
Q1 26
Q4 25
2.3%
9.5%
Q3 25
2.1%
7.9%
Q2 25
1.3%
9.8%
Q1 25
1.0%
10.2%
Q4 24
2.0%
14.0%
Q3 24
2.2%
10.9%
Q2 24
1.2%
14.3%
Cash Conversion
AYI
AYI
WST
WST
Q1 26
2.38×
Q4 25
1.17×
1.90×
Q3 25
1.78×
1.41×
Q2 25
2.11×
1.34×
Q1 25
0.77×
1.44×
Q4 24
1.24×
1.46×
Q3 24
1.46×
1.32×
Q2 24
1.34×
1.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AYI
AYI

Segment breakdown not available.

WST
WST

Proprietary Products$661.8M82%
Contract Manufactured Products$143.2M18%
Affiliated Entity$3.3M0%

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