HIGHOutside partySupplier
single-source resins and rubber components
“10-K Item 1A: 'we have historically sourced certain materials, especially some resins and rubber components for our Pharma segment, from a single source.'”
ATR · Concentration risk · 10-K extracted
AptarGroup (ATR) concentration risks
Updated
The most significant concentration AptarGroup discloses is single-source resins and rubber components, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: AptarGroup’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
49%
Europe
“10-K Item 1: 'Europe is our largest region in terms of sales ... were approximately 49% and 49% of our consolidated sales, respectively.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a supply-side dependency and a geographic tilt that operate on different risk channels. On the supplier side, certain materials — particularly some resins and rubber components for the Pharma segment — have historically been sourced from a single source. This is a high-share dependency by disclosed size, and its character reflects reliance on a specific vendor for inputs that are difficult to substitute quickly; a disruption at that source could affect production and margin in the Pharma segment more directly than a broadly diversified supply chain would allow. The geographic dimension is a moderate counterweight rather than an amplifier: Europe is the largest region by sales, representing approximately 49% of consolidated sales. By disclosed size this is a medium-share exposure, and its character is structural — it reflects where the company's customer base and manufacturing assets are positioned globally, not a reliance on any single European buyer or contract. Currency translation and regional economic cycles are the primary transmission mechanisms here, both of which tend to move gradually. Taken together, the more actionable of the two exposures is the single-source supplier risk in the Pharma segment, which is idiosyncratic and could affect results more abruptly. The European geographic exposure is diffuse and well-disclosed. Neither exposure points to a customer concentration risk layering on top.
For the engine’s reasoning on ATR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Medical Instruments & Supplies
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BLCO | Bausch + Lomb Corporation | 2 | 0 | 0 | 2 |
| BAX | Baxter International Inc. | 1 | 2 | 0 | 3 |
| ATR● | AptarGroup, Inc. | 1 | 1 | 0 | 2 |
| BDX | Becton, Dickinson and Company | 1 | 1 | 0 | 2 |
| ALGN | Align Technology, Inc. | 1 | 0 | 0 | 1 |
| AVTR | Avantor, Inc. | 1 | 0 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.