Forensic Analysis · Durable Goods, Textiles & Apparel · as of Aug 8, 2026
Aptargroup, Inc. (ATR)
A forensic read on Aptargroup, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
6.7
Distress distance
Clean
Earnings quality
4
Forensic signals
23.9
P / E (ttm)
14.7%
ROE
$8.6B
Market cap
1.41%
Dividend yield
5.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Aptargroup, Inc. earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 6.7, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+14.2%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +14.2% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by inventory up +16% on the year and PP&E up +16% against revenue +5%. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 5% of net operating assets, diverging from the balance-sheet accrual read.
10.3%
FY2025
Return on invested capital.Return on invested capital is 10.3% in the latest fiscal year and rising from 9% — around its ~9% cost of capital, so growth is roughly value-neutral.
+0.0%/yr
FY2022–FY2025
Share count.Diluted share count changed +0% over the last 3 years to FY2025 (+0.0%/yr). Roughly flat — buybacks ($365M) are about offsetting stock comp ($44M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
162% of FCF
FY2025
Shareholder returns.Returned $486M to shareholders (buybacks + dividends) in FY2025 — 162% of free cash flow, but 85% of operating cash flow. Returns run ahead of free cash flow, with the gap funded by debt or cash reserves rather than the cash the business itself throws off; the payout itself is still covered by operating cash. Counting the $44M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 177%.
Key fundamentals
Latest Revenue$3.78B
Revenue Growth YoY+5.4%
Revenue CAGR (3yr)+4.4%
Net Margin10.4%
Free Cash Flow$299.6M
Return on Equity14.7%
Debt / Equity0.49x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Aptargroup, Inc.'s actual 10-K/10-Q/8-K filings?