• AptarGroup average gross margin for 2023 was 35.47%, a 0.45% increase from 2022.
• AptarGroup average gross margin for 2022 was 35.31%, a 2.99% increase from 2021.
• AptarGroup average gross margin for 2021 was 36.4%, a 0.79% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.