Altair Engineering Inc (ALTR)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Operating income (ttm)	US$ in thousands	16,899	28,524	21,572	15,992	243	-8,548	-22,280	-12,824	2,701	-6,451	16,619	14,841	12,339	15,015	13,518	17,817	11,713	8,539	1,455	2,545
Revenue (ttm)	US$ in thousands	665,788	644,660	627,213	619,579	612,701	601,631	586,979	578,474	572,221	552,585	554,541	541,797	532,179	524,823	509,972	488,621	469,921	460,357	454,307	462,519
Operating profit margin		2.54%	4.42%	3.44%	2.58%	0.04%	-1.42%	-3.80%	-2.22%	0.47%	-1.17%	3.00%	2.74%	2.32%	2.86%	2.65%	3.65%	2.49%	1.85%	0.32%	0.55%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $16,899K ÷ $665,788K
= 2.54%

Altair Engineering Inc's operating profit margin has shown fluctuations over the past few years. The margin started at a relatively low 0.55% in March 2020, decreased to 0.32% in June 2020, and then experienced a significant increase to 1.85% by September 2020. The margin continued to improve, reaching a peak of 4.42% by September 2024.

However, there were periods where the operating profit margin declined, notably in the first half of 2023, where it reached negative percentages (-2.22% in March 2023 and -3.80% in June 2023). The margin recovered slightly by the end of 2023 to 0.04%.

Overall, Altair Engineering Inc's operating profit margin has shown volatility, with both upward and downward trends. It is important for the company to closely monitor and manage its operating expenses and revenue generation strategies to sustain and improve its profitability in the future.