AptarGroup Inc (ATR)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	404,019	405,028	380,891	365,505	379,273	381,494	369,232	352,464	347,348	341,440	357,554	343,629	339,498	332,465	323,673	363,059	371,693	353,465	324,333	295,407
Revenue (ttm)	US$ in thousands	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	2,859,732	2,873,427	2,837,924	2,805,871
Operating profit margin		11.58%	11.76%	11.24%	10.95%	11.42%	11.42%	11.09%	10.70%	10.76%	10.80%	11.55%	11.51%	11.59%	11.66%	11.59%	12.80%	13.00%	12.30%	11.43%	10.53%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $404,019K ÷ $3,487,450K
= 11.58%

Aptargroup Inc.'s operating profit margin has shown relatively stable performance over the past eight quarters. The operating profit margin ranged from 11.30% in Q1 2022 to 12.88% in Q4 2023, with slight fluctuations quarter to quarter. This indicates that the company has been able to maintain a consistent level of profitability relative to its revenue during this period. However, it is worth noting that the margins have generally been above 11%, reflecting the company's ability to effectively control its operating expenses and generate profits from its core business activities. Overall, based on the trend in operating profit margins, Aptargroup Inc. appears to have maintained a healthy level of operational efficiency and profitability.