Altair Engineering Inc (ALTR)

Gross profit margin

Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Gross profit (ttm) US$ in thousands 499,630 490,910 475,159 461,684 454,453 449,332 430,753 429,117 413,950 402,513 395,263 382,877 368,391 348,616 334,793 326,038 328,308 326,316 312,129 303,011
Revenue (ttm) US$ in thousands 612,557 608,222 600,592 585,021 571,392 563,439 536,037 540,111 530,033 519,011 510,152 496,321 475,198 458,323 456,770 449,723 461,129 459,602 446,656 443,361
Gross profit margin 81.56% 80.71% 79.12% 78.92% 79.53% 79.75% 80.36% 79.45% 78.10% 77.55% 77.48% 77.14% 77.52% 76.06% 73.30% 72.50% 71.20% 71.00% 69.88% 68.34%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $499,630K ÷ $612,557K
= 81.56%

Altair Engineering Inc's gross profit margin has shown fluctuation over the past several quarters, ranging from a low of 68.34% to a high of 81.56%. Overall, the trend appears to be generally positive, with the margin steadily increasing from 68.34% in Dec 2019 to 81.56% in Mar 2024. This indicates that Altair Engineering has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. It is worth noting that the margin dipped in the most recent quarter (Dec 2023) compared to the quarter prior (Sep 2023), but overall, the company's ability to generate gross profit has been improving.