AptarGroup Inc (ATR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,518,574 | 3,486,040 | 3,468,589 | 3,454,888 | 3,392,327 | 3,373,162 | 3,321,265 | 3,271,399 | 3,267,470 | 3,252,761 | 3,232,200 | 3,192,913 | 3,122,723 | 2,588,196 | 2,020,114 | 1,440,796 | 906,006 | 868,575 | 849,809 | 868,054 |
| Revenue (ttm) | US$ in thousands | 3,582,890 | 3,573,282 | 3,556,988 | 3,542,831 | 3,487,450 | 3,444,884 | 3,388,747 | 3,337,384 | 3,322,249 | 3,340,328 | 3,328,910 | 3,295,399 | 3,227,221 | 3,162,557 | 3,096,268 | 2,984,541 | 2,929,340 | 2,851,344 | 2,793,469 | 2,836,825 |
| Gross profit margin | 98.20% | 97.56% | 97.51% | 97.52% | 97.27% | 97.92% | 98.01% | 98.02% | 98.35% | 97.38% | 97.09% | 96.89% | 96.76% | 81.84% | 65.24% | 48.28% | 30.93% | 30.46% | 30.42% | 30.60% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,518,574K ÷ $3,582,890K
= 98.20%
AptarGroup Inc's gross profit margin has shown a consistently increasing trend over the past few quarters, indicating an improvement in the company's profitability. The margin increased from 30.60% as of March 31, 2020, to 98.20% as of December 31, 2024. This upward trend suggests that the company has been able to effectively control its production costs and improve its pricing strategies.
The most significant increases in the gross profit margin occurred in the latter half of 2021 and continued to strengthen throughout 2022 and 2023. The margins during these periods ranged from 65.24% to 98.35%, indicating strong performance in generating profits from sales after accounting for the cost of goods sold.
Although there was a slight decrease in the gross profit margin from 98.35% as of December 31, 2022, to 97.27% as of March 31, 2023, the margin remained above 97% for most of 2023 and 2024.
Overall, the consistently high gross profit margin of AptarGroup Inc reflects the company's ability to efficiently manage its production costs and maintain healthy margins on its products. An increasing trend in the gross profit margin is generally viewed positively by investors as it indicates improving profitability and operational efficiency.
Peer comparison
Dec 31, 2024