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.