AptarGroup Inc (ATR)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	375,136	367,691	342,626	321,206	334,437	341,460	323,078	307,891	322,114	315,096	337,616	323,967	301,105	295,502	288,636	330,084	342,049	333,316	301,978	274,775
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
Pretax margin		10.76%	10.67%	10.11%	9.62%	10.07%	10.22%	9.71%	9.34%	9.98%	9.96%	10.90%	10.85%	10.28%	10.36%	10.33%	11.64%	11.96%	11.60%	10.64%	9.79%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $375,136K ÷ $3,487,450K
= 10.76%

Aptargroup Inc.'s pretax margin, which measures the company's efficiency in generating profits before taxes, has shown a relatively stable trend over the past eight quarters. The pretax margin ranged from 9.33% to 10.75% during this period.

The pretax margin reached its peak in Q4 2023 at 10.75% and was slightly higher than the previous quarter's margin of 10.68%. This indicates that the company was able to effectively manage its expenses and generate higher profits before taxes in Q4 2023.

Overall, Aptargroup Inc.'s pretax margin has shown resilience and consistency, staying above 9% in each of the quarters analyzed. This suggests that the company has been successful in controlling costs and maintaining profitability levels over the given period. Further analysis of the company's financial performance and cost management strategies could provide insights into the factors contributing to the stability of its pretax margin.