Aptar’s stock changed little after the latest filing — it closed at $133.74 on July 30, down 1.9% — while the filing highlights a contrast between steady business performance and a valuation that implies a wide range of outcomes.
The numbers are plain. Revenue rose to $3.8B in 2025, up 5.4% year over year. Operating margin sits at 13.3% and net margin at 10.4%. Share count fell 1.4% last year.
"Core sales of our products to the F&F market increased 2% during the first six months of 2026 due to strong demand for our color cosmetics and prestige fragrance technologies." (AptarGroup / 10-Q / 2026-07-31)
Management points to demand in the fragrance and color-cosmetics channels as a growth driver, citing color cosmetics and prestige fragrance technologies.
"The revolving credit facility was set to mature in June 2026, but on July 2, 2024, we entered into a new amended and restated agreement (the “amended revolving credit facility”) that extended the maturity date to July 2029, subject to a maximum of two one-year extensions in certain circumstances." (AptarGroup / 10-Q / 2026-07-31)
The credit-facility note is factual: the company extended the maturity to July 2029 and preserved potential one-year extensions, which may reduce near-term refinancing risk by moving the next required refinancing later.
Here’s the valuation picture. Aptar trades at a P/E of 22.7x and an EV/sales of 2.3x, with an $8.9B market cap and $8.5B enterprise value. Earnings yield is 4.4% and cash-flow yield 6.4%. On EV/sales the company sits substantially below peer medians; on P/E it is also below.
The firm’s own scenario drivers make the arithmetic explicit (these are mechanical, not forecasts): its bull/base/bear revenue CAGRs are 5.2% / 4.4% / 1.7% and the exit P/Es used in those scenarios are 29.9x / 22.7x / 15.9x. The model shows a moderate bull-to-bear spread (roughly 97 points) driven mostly by differences in the exit multiple rather than by the growth-rate assumptions.
The filing highlights recurring demand in select end markets and a margin profile that converts sales into cash, alongside a valuation that makes outcomes sensitive to the exit multiple. The company's cash generation, margin profile, and modest share-count change are factual; their translation into returns will depend on the multiple assigned at exit.
Figures and quotes from AptarGroup filings (10-Q) and the company’s reported 2025 results.