Altair Engineering Inc (ALTR)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 17,685 | 243 | -23,836 | 12,339 | 11,713 |
| Revenue | US$ in thousands | 665,788 | 612,701 | 572,221 | 532,179 | 469,921 |
| Operating profit margin | 2.66% | 0.04% | -4.17% | 2.32% | 2.49% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $17,685K ÷ $665,788K
= 2.66%
Altair Engineering Inc's operating profit margin has shown variability over the past five years, as indicated by the data.
- As of December 31, 2020, the operating profit margin was 2.49%, reflecting a moderate level of profitability relative to the company's operating income.
- By December 31, 2021, the margin had slightly decreased to 2.32%, which may suggest some challenges in maintaining profitability.
- A significant decline was observed by December 31, 2022, with an operating profit margin of -4.17%, indicating that the company experienced operating losses during that period.
- However, the company showed signs of recovery by December 31, 2023, with a marginal operating profit margin of 0.04%, potentially indicating a return to breakeven or a very slight profit.
- By December 31, 2024, Altair Engineering Inc's operating profit margin improved to 2.66%, suggesting a rebound in profitability.
Overall, Altair Engineering Inc's operating profit margin has displayed fluctuations, with the company facing challenges in maintaining consistent profitability. It is essential for the company to analyze the factors contributing to these fluctuations and implement strategies to sustain and improve its operating profit margin in the future.
Peer comparison
Dec 31, 2024