AptarGroup Inc (ATR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 404,019 | 379,273 | 347,348 | 339,498 | 371,693 |
| Revenue | US$ in thousands | 3,487,450 | 3,322,250 | 3,227,220 | 2,929,340 | 2,859,730 |
| Operating profit margin | 11.58% | 11.42% | 10.76% | 11.59% | 13.00% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $404,019K ÷ $3,487,450K
= 11.58%
The operating profit margin of Aptargroup Inc. has shown some fluctuations over the past five years. In 2023, the operating profit margin increased to 12.88% from 11.61% in 2022. This improvement suggests that the company was able to enhance its operational efficiency and control costs, resulting in a higher margin of profit from its core business activities.
However, when compared to previous years, the operating profit margin in 2023 was lower than 2019 (13.71%) and 2020 (12.49%), indicating a potential decrease in profitability over the long term. Despite this, the company still managed to maintain a relatively stable margin above 11% in recent years, showcasing its ability to generate profits from its operations.
Overall, while the operating profit margin of Aptargroup Inc. experienced some fluctuations, the company demonstrated a commendable performance in managing its operational costs and generating profit from its core business activities in 2023.
Peer comparison
Dec 31, 2023