AptarGroup Inc (ATR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,518,570 | 3,392,330 | 3,267,290 | 3,122,720 | 906,006 |
| Revenue | US$ in thousands | 3,582,890 | 3,487,450 | 3,322,250 | 3,227,220 | 2,929,340 |
| Gross profit margin | 98.20% | 97.27% | 98.35% | 96.76% | 30.93% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,518,570K ÷ $3,582,890K
= 98.20%
The gross profit margin of AptarGroup Inc has shown a significant improvement over the years, reflecting strong profitability in its core operations. From 30.93% in December 31, 2020, the gross profit margin has steadily increased to 98.20% by December 31, 2024. This upward trend indicates that the company has been effectively controlling its production costs and increasing the efficiency of its manufacturing processes.
The substantial rise in the gross profit margin demonstrates AptarGroup's ability to generate more profit from each dollar of sales, which can be attributed to factors such as economies of scale, pricing strategies, and operational efficiencies. A high gross profit margin suggests that the company is effectively managing its cost of goods sold while maintaining competitive pricing in the market.
Overall, AptarGroup Inc's improving gross profit margin reflects positively on its financial performance and operational effectiveness, indicating a strong foundation for sustainable profitability and long-term growth.
Peer comparison
Dec 31, 2024