AptarGroup Inc (ATR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	284,487	239,288	244,097	214,040	242,202
Revenue	US$ in thousands	3,487,450	3,322,250	3,227,220	2,929,340	2,859,730
Net profit margin		8.16%	7.20%	7.56%	7.31%	8.47%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $284,487K ÷ $3,487,450K
= 8.16%

The net profit margin of Aptargroup Inc. has shown some fluctuations over the past five years. In 2023, the net profit margin increased to 8.16% from 7.20% in 2022, indicating improved profitability. However, this margin was slightly lower compared to 2019 when it stood at 8.47%. Despite some variability, the company has generally maintained a healthy level of profitability over the period under review. It is essential for Aptargroup to continue monitoring and managing its costs efficiently to sustain and potentially enhance its profitability levels in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Net profit margin

AptarGroup Inc

ATR

8.16%

Armstrong World Industries Inc

AWI

17.94%

Berry Global Group Inc