AptarGroup Inc (ATR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 375,136 | 334,437 | 322,114 | 301,105 | 342,044 |
| Revenue | US$ in thousands | 3,487,450 | 3,322,250 | 3,227,220 | 2,929,340 | 2,859,730 |
| Pretax margin | 10.76% | 10.07% | 9.98% | 10.28% | 11.96% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $375,136K ÷ $3,487,450K
= 10.76%
The pretax margin of Aptargroup Inc. has been relatively stable over the past five years, ranging from 9.97% to 11.96%. The company's pretax margin peaked in 2019 at 11.96% but has since experienced a slight decline. In 2023, Aptargroup Inc. reported a pretax margin of 10.75%, showing a modest improvement compared to the previous year's margin of 10.07%. This suggests that the company was able to effectively manage its operating expenses and generate higher profits before taxes in 2023. Overall, Aptargroup Inc.'s pretax margin performance demonstrates consistency and sound financial management over the years.
Peer comparison
Dec 31, 2023