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AptarGroup, Inc. (ATR) 10-Year Financial Performance & Capital Metrics

ATR • • Industrial / General
HealthcareMedical InstrumentsMedical Consumables & DisposablesMedical Packaging & Containers
AboutAptarGroup, Inc. provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage. The Pharma segment provides pumps for nasal allergy treatments; and metered dose inhaler valves for respiratory ailments, such as asthma and chronic obstructive pulmonary diseases in pharmaceutical market; elastomer for injectable primary packaging components; and active material science solutions. The Beauty + Home segment primarily sells pumps, closures, aerosol valves, accessories, and sealing solutions to the personal care and home care markets; and pumps and decorative components to the beauty market. The Food + Beverage segment offers dispensing and non-dispensing closures, elastomeric flow control components, spray pumps, and aerosol valves to the food and beverage markets. It sells its products through own sales force, as well as independent representatives and distributors in Asia, Europe, Latin America, and North America. The company has a strategic partnership with PureCycle Technologies LLC to develop ultra-pure recycled polypropylene into dispensing applications; and a collaboration with Sonmol for developing a digital therapies and services platform targeting respiratory and other diseases. AptarGroup, Inc. was incorporated in 1992 and is headquartered in Crystal Lake, Illinois.Show more
  • Revenue $3.58B +2.7%
  • EBITDA $760M +16.5%
  • Net Income $375M +31.7%
  • EPS (Diluted) 5.53 +30.1%
  • Gross Margin 37.83% +4.4%
  • EBITDA Margin 21.22% +13.4%
  • Operating Margin 13.86% +19.6%
  • Net Margin 10.45% +28.1%
  • ROE 15.58% +20.2%
  • ROIC 11.25% +19.4%
  • Debt/Equity 0.43 -15.2%
  • Interest Coverage 11.31 +13.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Dividend Aristocrat: 32 years of consecutive increases
  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.27%
5Y4.61%
3Y3.55%
TTM2.5%

Profit (Net Income) CAGR

10Y6.93%
5Y9.11%
3Y15.34%
TTM24.79%

EPS CAGR

10Y6.85%
5Y8.6%
3Y15.38%
TTM25.5%

ROCE

10Y Avg13.13%
5Y Avg12.28%
3Y Avg13.12%
Latest15.13%

Peer Comparison

Medical Packaging & Containers
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
STVNStevanato Group S.p.A.1.04B21.0048.841.72%12.01%9.78%0.31
WSTWest Pharmaceutical Services, Inc.20.1B279.4141.77-1.98%16.3%16.11%1.38%0.11
ATRAptarGroup, Inc.8.21B125.1122.622.74%11.45%14.91%4.25%0.43
MHUAMeihua International Medical Technologies Co., Ltd.181.69M3.250.08-0.19%10.09%11.25%7.98%0.05

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.32B2.33B2.47B2.76B2.86B2.93B3.23B3.32B3.49B3.58B
Revenue Growth %-0.11%0.01%0.06%0.12%0.03%0.02%0.1%0.03%0.05%0.03%
Cost of Goods Sold+1.5B1.5B1.6B1.81B1.82B1.84B2.07B2.16B2.22B2.23B
COGS % of Revenue0.65%0.64%0.65%0.66%0.64%0.63%0.64%0.65%0.64%0.62%
Gross Profit+814.5M832.86M865.1M951.8M1.04B1.09B1.16B1.16B1.26B1.36B
Gross Margin %0.35%0.36%0.35%0.34%0.36%0.37%0.36%0.35%0.36%0.38%
Gross Profit Growth %-0.03%0.02%0.04%0.1%0.09%0.04%0.06%0.01%0.09%0.07%
Operating Expenses+490.35M522.36M541.38M601.7M649.17M747.02M809.34M784.57M859.38M859.01M
OpEx % of Revenue0.21%0.22%0.22%0.22%0.23%0.26%0.25%0.24%0.25%0.24%
Selling, General & Admin351.46M367.56M388.28M429.95M454.62M500.23M551.24M544.26M565.78M582.23M
SG&A % of Revenue0.15%0.16%0.16%0.16%0.16%0.17%0.17%0.16%0.16%0.16%
Research & Development67.1M66.2M68.2M75.3M82.8M92.5M99.8M000
R&D % of Revenue0.03%0.03%0.03%0.03%0.03%0.03%0.03%---
Other Operating Expenses163K2.78M8.66M5.55M111.75M154.29M158.29M240.3M293.6M276.79M
Operating Income+324.14M310.5M321.52M286.27M371.69M339.5M347.35M379.27M404.02M496.5M
Operating Margin %0.14%0.13%0.13%0.1%0.13%0.12%0.11%0.11%0.12%0.14%
Operating Income Growth %0.06%-0.04%0.04%-0.11%0.3%-0.09%0.02%0.09%0.07%0.23%
EBITDA+463.04M465.3M474.61M458.02M566.25M559.8M582.2M612.98M652.61M760.28M
EBITDA Margin %0.2%0.2%0.19%0.17%0.2%0.19%0.18%0.18%0.19%0.21%
EBITDA Growth %0.01%0%0.02%-0.03%0.24%-0.01%0.04%0.05%0.06%0.16%
D&A (Non-Cash Add-back)138.89M154.8M153.09M171.75M194.55M220.3M234.85M233.71M248.59M263.78M
EBIT329.19M315.73M335.42M298.65M377.56M334.4M351.94M375.53M415.24M513.66M
Net Interest Income+-29.02M-32.59M-35.13M-25.57M-31.32M-32.29M-26.62M-38.13M-36.05M-31.8M
Interest Income5.6M2.64M5.47M7.06M4.17M958K3.67M2.7M4.37M12.1M
Interest Expense34.62M35.24M40.6M32.63M35.49M33.24M30.28M40.83M40.42M43.9M
Other Income/Expense-29.57M-35.6M-28.66M-20.25M-29.62M-38.34M-25.69M-44.57M-29.19M-26.73M
Pretax Income+294.57M280.5M294.82M266.02M342.07M301.15M321.65M334.7M374.82M469.76M
Pretax Margin %0.13%0.12%0.12%0.1%0.12%0.1%0.1%0.1%0.11%0.13%
Income Tax+95.28M74.89M74.8M71.25M99.84M87.06M78.02M95.15M90.65M95.59M
Effective Tax Rate %0.68%0.73%0.75%0.73%0.71%0.71%0.76%0.71%0.76%0.8%
Net Income+199.35M205.59M220.03M194.75M242.2M214.04M244.1M239.29M284.49M374.54M
Net Margin %0.09%0.09%0.09%0.07%0.08%0.07%0.08%0.07%0.08%0.1%
Net Income Growth %0.04%0.03%0.07%-0.11%0.24%-0.12%0.14%-0.02%0.19%0.32%
Net Income (Continuing)199.29M205.6M220.03M194.77M242.23M214.09M243.64M239.56M284.18M374.18M
Discontinued Operations0000000000
Minority Interest295K292K310K315K336K396K15.19M14.27M14.47M14.04M
EPS (Diluted)+3.093.173.413.003.663.213.603.594.255.53
EPS Growth %0.08%0.03%0.08%-0.12%0.22%-0.12%0.12%-0%0.18%0.3%
EPS (Basic)3.193.273.523.123.813.323.723.664.345.65
Diluted Shares Outstanding64.49M64.85M64.6M64.96M66.15M66.66M67.68M66.72M66.91M67.69M
Basic Shares Outstanding62.59M62.8M62.44M62.44M63.57M64.42M65.66M65.4M65.62M66.33M
Dividend Payout Ratio0.36%0.37%0.36%0.42%0.37%0.43%0.4%0.42%0.36%0.3%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.29B1.27B1.67B1.33B1.29B1.37B1.36B1.43B1.55B1.48B
Cash & Short-Term Investments519.72M466.29M712.64M261.82M241.97M300.38M123.67M141.73M223.64M226.18M
Cash Only489.9M466.29M712.64M261.82M241.97M300.14M122.92M141.73M223.64M223.84M
Short-Term Investments29.82M0000243K740K002.34M
Accounts Receivable391.57M433.13M510.43M569.63M558.43M566.62M671.35M676.99M677.82M658.06M
Days Sales Outstanding61.6867.8275.4575.271.2770.675.9374.3870.9467.04
Inventory294.91M296.91M337.22M381.11M375.8M379.38M441.46M486.81M513.05M461.81M
Days Inventory Outstanding71.6472.3476.7376.7375.4375.1477.8282.3284.275.68
Other Current Assets0000000124.77M134.76M13.64M
Total Non-Current Assets+1.14B1.34B1.47B2.05B2.27B2.62B2.78B2.77B2.9B2.95B
Property, Plant & Equipment765.38M784.32M867.91M991.61M1.16B1.27B1.34B1.4B1.54B1.51B
Fixed Asset Turnover3.03x2.97x2.85x2.79x2.47x2.31x2.41x2.37x2.27x2.37x
Goodwill310.24M407.52M443.89M712.1M763.46M898.52M974.16M945.63M963.42M936.26M
Intangible Assets31.53M94.49M95.46M254.9M291.08M344.31M362.34M315.74M283.21M254.77M
Long-Term Investments4.59M4.24M9.44M25.45M8.4M50.09M59.48M52.31M49.2M146.27M
Other Non-Current Assets30.31M46.04M51.05M62.87M47.88M59.55M48.84M57.14M69.64M105.24M
Total Assets+2.44B2.61B3.14B3.38B3.56B3.99B4.14B4.2B4.45B4.43B
Asset Turnover0.95x0.89x0.79x0.82x0.80x0.73x0.78x0.79x0.78x0.81x
Asset Growth %-0%0.07%0.2%0.08%0.05%0.12%0.04%0.01%0.06%-0%
Total Current Liabilities+411.89M542.96M527.75M689.17M683.27M780.33M982.49M917.18M1.25B1.07B
Accounts Payable115.06M115.51M153.86M164.53M192.74M243.74M285.26M320.28M328.57M295.97M
Days Payables Outstanding27.9528.1435.0133.1238.6948.2850.2954.1653.9248.5
Short-Term Debt56.97M173.82M66.17M163.97M110.25M113.61M285.88M122.79M458.22M338.29M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities125.2M118.96M143.57M168.35M163.84M177.14M195.31M206.33M222.01M211.44M
Current Ratio3.14x2.34x3.16x1.93x1.89x1.75x1.38x1.56x1.24x1.38x
Quick Ratio2.43x1.79x2.53x1.38x1.34x1.27x0.93x1.03x0.83x0.95x
Cash Conversion Cycle105.37112.02117.17118.81108.0297.47103.47102.54101.2294.21
Total Non-Current Liabilities+875.44M889.59M1.3B1.27B1.31B1.36B1.17B1.22B879.28M878.07M
Long-Term Debt760.85M772.74M1.19B1.13B1.09B1.05B907.02M1.05B681.19M688.07M
Capital Lease Obligations1.11M739K135K055.28M52.21M48.01M42.95M45.27M49.72M
Deferred Tax Liabilities20.49M16.8M21M53.92M41.39M37.24M27.55M20.56M19.02M14.26M
Other Non-Current Liabilities93M99.31M85.75M85.78M124.47M192.9M169.79M76.61M96.06M126.03M
Total Liabilities1.29B1.43B1.83B1.95B1.99B2.14B2.16B2.14B2.13B1.95B
Total Debt+819.44M948.1M1.26B1.29B1.25B1.23B1.24B1.22B1.18B1.08B
Net Debt329.54M481.81M545.42M1.03B1.01B924.94M1.12B1.08B961.03M852.22M
Debt / Equity0.71x0.81x0.96x0.91x0.80x0.66x0.63x0.59x0.51x0.43x
Debt / EBITDA1.77x2.04x2.65x2.82x2.21x2.19x2.14x1.99x1.82x1.42x
Net Debt / EBITDA0.71x1.04x1.15x2.24x1.78x1.65x1.93x1.76x1.47x1.12x
Interest Coverage9.36x8.81x7.92x8.77x10.47x10.21x11.47x9.29x10.00x11.31x
Total Equity+1.15B1.17B1.31B1.42B1.57B1.85B1.98B2.07B2.32B2.49B
Equity Growth %0.04%0.02%0.12%0.08%0.1%0.18%0.07%0.04%0.12%0.07%
Book Value per Share17.8318.1120.3121.9023.7727.7729.3231.0034.7036.72
Total Shareholders' Equity1.15B1.17B1.31B1.42B1.57B1.85B1.97B2.05B2.31B2.47B
Common Stock667K660K667K673K686K695K704K709K717K725K
Retained Earnings1.19B1.2B1.3B1.37B1.52B1.64B1.79B1.93B2.11B2.37B
Treasury Stock-270.05M-250.92M-346.25M-318.21M-381.24M-361.58M-421.2M-503.27M-539.4M-595.78M
Accumulated OCI-262.35M-319.71M-253.3M-310.5M-341.95M-281.71M-316.04M-341.37M-308.73M-429.48M
Minority Interest295K292K310K315K336K396K15.19M14.27M14.47M14.04M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+323.76M325.3M324.73M313.63M514.46M570.15M363.44M478.62M575.24M643.41M
Operating CF Margin %0.14%0.14%0.13%0.11%0.18%0.19%0.11%0.14%0.16%0.18%
Operating CF Growth %0.02%0%-0%-0.03%0.64%0.11%-0.36%0.32%0.2%0.12%
Net Income199.29M205.6M220.03M194.77M242.23M214.09M243.64M239.56M284.18M374.18M
Depreciation & Amortization138.89M154.8M153.09M171.75M194.55M220.3M234.85M233.71M248.59M263.78M
Stock-Based Compensation20.61M19.82M18.92M19.56M23.89M34.15M38.87M40.94M41.29M47.65M
Deferred Taxes-7.14M-11.11M2.24M-23.35M8.75M-8.2M-14.36M-12.11M-19.88M-21.41M
Other Non-Cash Items20.59M15.18M22.76M13.38M16.33M33.47M30.13M21.52M15.31M11.47M
Working Capital Changes-48.49M-59M-92.32M-62.48M28.71M76.34M-169.69M-45M5.75M-32.26M
Change in Receivables-27.76M-41.72M-44.66M-66.97M8.81M13.46M-123.25M-27.94M15.43M-18.08M
Change in Inventory-18.93M-834K-12.99M-25.18M605K13.72M-79.96M-60.35M-10.64M21.9M
Change in Payables39.33M-12.47M58.24M60.58M10M65.59M52.3M55.1M14.6M-23.7M
Cash from Investing+-176.23M-300.5M-224.8M-735.46M-336.27M-451.98M-457.24M-295.64M-324.46M-396.72M
Capital Expenditures-149.32M-131.48M-156.62M-211.86M-247.08M-252.05M-307.94M-315.62M-318.4M-294.19M
CapEx % of Revenue0.06%0.06%0.06%0.08%0.09%0.09%0.1%0.1%0.09%0.08%
Acquisitions----------
Investments----------
Other Investing5.86M3.27M2.98M14.32M4.18M4.12M4.05M21.73M4.91M-1.23M
Cash from Financing+-32.31M-29.71M114.79M-14.87M-197.13M-73.72M-81.52M-162.1M-171.55M-225.34M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-71.25M-76.66M-79.94M-82.35M-90.21M-92.66M-98.51M-99.46M-103.68M-114.06M
Share Repurchases----------
Other Financing71.93M64.52M65.65M88.16M90.83M-2.77M58.19M24.5M31.23M54.81M
Net Change in Cash----------
Free Cash Flow+174.44M193.82M168.1M101.77M267.38M318.11M55.51M163M256.84M349.22M
FCF Margin %0.08%0.08%0.07%0.04%0.09%0.11%0.02%0.05%0.07%0.1%
FCF Growth %0.13%0.11%-0.13%-0.39%1.63%0.19%-0.83%1.94%0.58%0.36%
FCF per Share2.702.992.601.574.044.770.822.443.845.16
FCF Conversion (FCF/Net Income)1.62x1.58x1.48x1.61x2.12x2.66x1.49x2.00x2.02x1.72x
Interest Paid31.66M36.27M38.84M32.01M34.42M33.32M29.07M35.51M39.6M43.52M
Taxes Paid79.5M82.2M77.35M96.05M86.1M93.58M94.97M87.53M111.99M89.37M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)17.69%17.69%17.7%14.24%16.17%12.51%12.73%11.81%12.96%15.58%
Return on Invested Capital (ROIC)16.06%14.85%13.73%9.97%11.08%9.51%8.86%9.1%9.42%11.25%
Gross Margin35.15%35.73%35.03%34.43%36.41%37.09%35.84%35.03%36.23%37.83%
Net Margin8.6%8.82%8.91%7.04%8.47%7.31%7.56%7.2%8.16%10.45%
Debt / Equity0.71x0.81x0.96x0.91x0.80x0.66x0.63x0.59x0.51x0.43x
Interest Coverage9.36x8.81x7.92x8.77x10.47x10.21x11.47x9.29x10.00x11.31x
FCF Conversion1.62x1.58x1.48x1.61x2.12x2.66x1.49x2.00x2.02x1.72x
Revenue Growth-10.8%0.59%5.94%11.97%3.44%2.43%10.17%2.94%4.97%2.74%

Revenue by Segment

2015201620172018201920202021202220232024
Beauty And Home---1.45B1.38B1.32B1.46B1.46B--
Beauty And Home Growth-----4.85%-4.00%10.24%0.39%--
Pharma---955.07M1.1B1.23B1.3B1.37B--
Pharma Growth----15.22%12.14%5.18%5.74%--
Food + Beverage-----407.44M511.11M523.64M--
Food + Beverage Growth------25.45%2.45%--
Food And Beverage---386.69M418.02M-----
Food And Beverage Growth----8.10%-----
Pumps991.58M1.03B1.12B-------
Pumps Growth-3.75%9.18%-------
Closures Product558.21M525.42M547.2M-------
Closures Product Growth--5.87%4.15%-------
Valves306.37M288.56M326.82M-------
Valves Growth--5.81%13.26%-------
Other Product330.48M337.44M322.69M-------
Other Product Growth-2.11%-4.37%-------
Injectables130.5M150.78M149.39M-------
Injectables Growth-15.54%-0.92%-------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES-----965.99M1.08B1.1B1B1.04B
UNITED STATES Growth------11.99%1.69%-9.01%3.68%
Other Europe122.55M120.23M132.99M146.7M149.08M152.38M170.52M167.23M187.34M748.3M
Other Europe Growth--1.89%10.62%10.31%1.62%2.21%11.91%-1.93%12.03%299.43%
Other Foreign Countries396.32M381.72M400.95M410.95M384.5M359.3M420.22M292.12M331.98M619.55M
Other Foreign Countries Growth--3.68%5.04%2.49%-6.44%-6.55%16.95%-30.48%13.64%86.63%
FRANCE-----854.64M906.06M938.64M1.08B499.8M
FRANCE Growth------6.02%3.60%14.81%-53.62%
ITALY-----148.64M161.68M154.82M172.22M180.1M
ITALY Growth------8.77%-4.24%11.23%4.58%
SPAIN---------171.78M
SPAIN Growth----------
GERMANY-----448.4M486.93M512.71M564.53M169.89M
GERMANY Growth------8.59%5.29%10.11%-69.91%
CHINA-------156.58M152.61M155.5M
CHINA Growth---------2.53%1.90%
U633.52M619.81M642.16M726.34M836.77M-----
U Growth--2.16%3.61%13.11%15.20%-----
D326.78M386.55M416.8M474.37M452.41M-----
D Growth-18.29%7.83%13.81%-4.63%-----
I125.51M126.89M131.52M144.04M141.87M-----
I Growth-1.10%3.65%9.52%-1.51%-----
Europe1.29B1.33B1.43B-------
Europe Growth-3.27%7.28%-------

Frequently Asked Questions

Valuation & Price

AptarGroup, Inc. (ATR) has a price-to-earnings (P/E) ratio of 22.6x. This is roughly in line with market averages.

Growth & Financials

AptarGroup, Inc. (ATR) reported $3.66B in revenue for fiscal year 2024. This represents a 57% increase from $2.34B in 2011.

AptarGroup, Inc. (ATR) grew revenue by 2.7% over the past year. Growth has been modest.

Yes, AptarGroup, Inc. (ATR) is profitable, generating $419.2M in net income for fiscal year 2024 (10.5% net margin).

Dividend & Returns

Yes, AptarGroup, Inc. (ATR) pays a dividend with a yield of 1.35%. This makes it attractive for income-focused investors.

AptarGroup, Inc. (ATR) has a return on equity (ROE) of 15.6%. This is reasonable for most industries.

AptarGroup, Inc. (ATR) generated $306.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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