AptarGroup (AptarGroup) Gross Margin %

: 37.24% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. AptarGroup's Gross Profit for the three months ended in Dec. 2023 was $312 Mil. AptarGroup's Revenue for the three months ended in Dec. 2023 was $838 Mil. Therefore, AptarGroup's Gross Margin % for the quarter that ended in Dec. 2023 was 37.24%.

The historical rank and industry rank for AptarGroup's Gross Margin % or its related term are showing as below:

ATR' s Gross Margin % Range Over the Past 10 Years
Min: 32.43 Med: 35.48 Max: 37.09
Current: 36.23

During the past 13 years, the highest Gross Margin % of AptarGroup was 37.09%. The lowest was 32.43%. And the median was 35.48%.

ATR's Gross Margin % is ranked worse than
72.22% of 799 companies
in the Medical Devices & Instruments industry
Industry Median: 53.61 vs ATR: 36.23

AptarGroup had a gross margin of 37.24% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for AptarGroup was 0.30% per year.

AptarGroup Gross Margin % Historical Data

The historical data trend for AptarGroup's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AptarGroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

36.41

37.09

35.84

35.03

36.23

AptarGroup Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																34.63	35.19	35.96	36.54	37.24

Competitive Comparison

For the Medical Instruments & Supplies subindustry, AptarGroup's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AptarGroup Gross Margin % Distribution

For the Medical Devices & Instruments industry and Healthcare sector, AptarGroup's Gross Margin % distribution charts can be found below:

* The bar in red indicates where AptarGroup's Gross Margin % falls into.

AptarGroup Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

AptarGroup's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1263.4	/	3487.45
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3487.45 - 2224.051)	/	3487.45
	=	36.23 %

AptarGroup's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	312.3	/	838.48
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(838.48 - 526.227)	/	838.48
	=	37.24 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

AptarGroup (NYSE:ATR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

AptarGroup had a gross margin of 37.24% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

AptarGroup Gross Margin % Related Terms

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AptarGroup (AptarGroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » AptarGroup Inc (NYSE:ATR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

AGT:Germany AGT:Germany

Address

265 Exchange Drive, Suite 301, Crystal Lake, IL, USA, 60014

Website

https://www.aptar.com

Headquartered in Crystal Lake, Illinois, AptarGroup is a leading global supplier of dispensing systems such as aerosol valves, pumps, and closures to the consumer goods and pharmaceutical markets. With the bulk of its annual net sales coming from Europe (50% of sales) and the United States (33%), Aptar aims to increase its presence in Asia (10%) and Latin America (7%). Aptar's pharmaceutical division generates roughly one third of group sales but over two thirds of group profits.

Executives

Marc Prieur	officer: Segment President	265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Monnas Giovanna Kampouri	director	C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Sarah Js Glickman	director	60 BINNEY STREET, C/O BLUEBIRD BIO, INC., CAMBRIDGE MA 02142
George L Fotiades	director	281 SUMMIT AVENUE, SUMMIT NJ 07901
Hedi Tlili	officer: Segment President	265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Kimberly Chainey	officer: EVP and General Counsel	265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Xiangwei Gong	officer: President, Asia	265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60010
Shiela Vinczeller	officer: Chief Human Resource Officer	265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Julie Xing	director	265 EXCHANGE DRIVE, SUITE 301, CRYSTAL LAKE IL 60014
Maritza Gomez Montiel	director	C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Robert Kuhn	officer: EVP & CFO	C/O APTARGROUP 475 W. TERRA COTTA AVENUE, SUITE E, CRYSTAL LAKE IL 60014
Matthew L. Trerotola	director	2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Gael Touya	officer: Segment President	475 W. TERRA COTTA AVE., SUITE E, CRYSTAL LAKE IL 60014
Candace S. Matthews	director	C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Isabel Marey-semper	director	C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014