Altair Engineering Inc (ALTR)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	243	-6,937	12,339	11,713	8,207
Revenue	US$ in thousands	608,222	563,439	519,011	458,323	458,915
Operating profit margin		0.04%	-1.23%	2.38%	2.56%	1.79%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $243K ÷ $608,222K
= 0.04%

Altair Engineering Inc's operating profit margin has exhibited fluctuating trends over the past five years, ranging from -1.23% in 2022 to a peak of 2.56% in 2020. The company's operating profit margin for 2023 stood at a modest 0.04%, indicating that Altair's ability to generate profits from its core operations was relatively low compared to previous years. The negative operating profit margin in 2022 suggests that the company's operating expenses exceeded its operating income during that period, leading to a loss.

Overall, Altair Engineering Inc's operating profit margin has demonstrated volatility, which may indicate varying levels of operational efficiency and profitability in recent years. Further analysis of the company's cost structure and revenue generation strategies could provide insights into the factors driving these fluctuations in operating profit margins.