Altair Engineering Inc (ALTR)

Operating 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
Operating income (ttm)	US$ in thousands	15,992	243	-17,731	-31,463	-22,462	-6,937	-6,906	16,164	14,841	12,339	15,015	13,518	17,817	11,713	8,539	1,455	2,545	8,207	501	12,888
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
Operating profit margin		2.61%	0.04%	-2.95%	-5.38%	-3.93%	-1.23%	-1.29%	2.99%	2.80%	2.38%	2.94%	2.72%	3.75%	2.56%	1.87%	0.32%	0.55%	1.79%	0.11%	2.91%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $15,992K ÷ $612,557K
= 2.61%

Altair Engineering Inc's operating profit margin has shown fluctuations over the past few quarters. In the most recent quarter ending on March 31, 2024, the operating profit margin improved significantly to 2.61%, indicating that the company generated $0.0261 in operating profit for every dollar of sales.

In the preceding quarters, the operating profit margins were lower, with minimal profitability in December 2023 at 0.04% and negative margins in September 2023 (-2.95%), June 2023 (-5.38%), and March 2023 (-3.93%). These negative margins suggest that the company's operating expenses exceeded its operating income during these periods.

The trend improved in the second quarter of 2023 with a positive operating profit margin of 2.99%, followed by 2.80% in the first quarter of 2022 and 2.38% in the fourth quarter of 2021. These quarters indicate that Altair Engineering Inc's profitability was relatively stable and improving after the challenging periods seen in mid-2023.

Overall, Altair Engineering Inc's operating profit margin has shown variability, with periods of low profitability and losses interspersed with quarters of moderate to healthy margins. Investors and analysts may need to closely monitor the company's performance and expenses to understand the drivers behind these fluctuations in profitability.