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
BERY
4.81%
Myers Industries Inc
MYE
6.01%
Newell Brands Inc
NWL
-4.96%