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.