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.
Peer comparison
Dec 31, 2023