AptarGroup Inc (ATR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,392,330 | 3,267,290 | 3,122,720 | 906,006 | 874,390 |
| Revenue | US$ in thousands | 3,487,450 | 3,322,250 | 3,227,220 | 2,929,340 | 2,859,730 |
| Gross profit margin | 97.27% | 98.35% | 96.76% | 30.93% | 30.58% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,392,330K ÷ $3,487,450K
= 97.27%
The gross profit margin of Aptargroup Inc. has fluctuated over the past five years. It stood at 36.23% as of December 31, 2023, slightly higher compared to the previous year's margin of 35.03%. In 2021, the margin was 35.84%, showing a slight improvement from 2020's 37.09%. However, in 2019, the gross profit margin was 36.41%, higher than both 2022 and 2023.
These fluctuations indicate that Aptargroup Inc. has experienced some variability in its ability to generate profits from its core business operations over the years. It would be essential for the company to assess the factors contributing to these changes in the gross profit margin and consider strategies to maintain or improve its profitability levels in the future.
Peer comparison
Dec 31, 2023