Altair Engineering Inc (ALTR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 28,662 | 12,619 | -4,959 | -22,725 | -38,998 | -28,213 | -37,801 | -14,219 | 3,369 | -288 | 1,407 | 919 | 5,751 | 2,032 | -135 | -7,205 | -3,037 | 3,388 | -1,956 | 13,508 |
| 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 |
| Pretax margin | 4.68% | 2.07% | -0.83% | -3.88% | -6.83% | -5.01% | -7.05% | -2.63% | 0.64% | -0.06% | 0.28% | 0.19% | 1.21% | 0.44% | -0.03% | -1.60% | -0.66% | 0.74% | -0.44% | 3.05% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $28,662K ÷ $612,557K
= 4.68%
The pretax margin of Altair Engineering Inc has fluctuated over the periods available for analysis. The pretax margin is a measure of a company's efficiency in generating profits before accounting for taxes, and it indicates the percentage of each dollar of revenue that translates into pre-tax profit.
Altair's pretax margin was negative in some quarters, such as in September 2023, June 2023, March 2023, and December 2022. This indicates that during these periods, the company's pre-tax expenses exceeded its pre-tax earnings.
However, there was an improvement in the pretax margin in the most recent periods, with March 2024 showing a pretax margin of 4.68%, which is higher than the previous quarters. This improvement suggests that Altair has been able to better control its expenses relative to its revenue, resulting in a higher pre-tax margin.
Overall, the trend in Altair Engineering Inc's pretax margin shows variability, with periods of both positive and negative margins. It would be important for the company to continue monitoring and managing its expenses to sustain and improve its profitability in the future.
Peer comparison
Mar 31, 2024