Altair Gross Profit from 2010 to 2024

ALTR Stock

USD 105.20 0.85 0.81%

Altair Engineering Gross Profit yearly trend continues to be relatively stable with very little volatility. Gross Profit is likely to drop to about 358.2 M. Gross Profit is the profit Altair Engineering makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2015-12-31

Previous Quarter

110.7 M

Current Value

121.4 M

Quarterly Volatility

38.2 M

Yuan Drop

Covid

Check Altair Engineering financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altair Engineering's main balance sheet or income statement drivers, such as Tax Provision of 18.3 M, Interest Income of 17.7 M or Depreciation And Amortization of 23.5 M, as well as many indicators such as Price To Sales Ratio of 11.62, Dividend Yield of 0.0 or PTB Ratio of 10.01. Altair financial statements analysis is a perfect complement when working with Altair Engineering Valuation or Volatility modules.

Check out the analysis of Altair Engineering Correlation against competitors.

To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.

Latest Altair Engineering's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Altair Engineering over the last few years. Gross profit is a required income statement account that reflects total revenue of Altair Engineering minus its cost of goods sold. It is profit before Altair Engineering operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Altair Engineering's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Altair Engineering's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 449.33 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Altair Gross Profit Regression Statistics

	Arithmetic Mean	284,210,701
	Geometric Mean	268,098,807
	Coefficient Of Variation	36.65
	Mean Deviation	89,410,974
	Median	226,742,000
	Standard Deviation	104,177,075
	Sample Variance	10852.9T
	Range	296M
	R-Value	0.89
	Mean Square Error	2399.1T
	R-Squared	0.79
	Slope	20,766,670
	Total Sum of Squares	151940.1T

Altair Gross Profit History

	2024	358.2 M
	2023	490.9 M
	2022	449.3 M
	2021	402.5 M
	2020	348.6 M
	2019	326.3 M
	2018	280.4 M

Other Fundumenentals of Altair Engineering

Gross Profit Margin

Altair Engineering Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Long Term Debt Total	Capital Surpluse	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.94	0.81	0.29	-0.76	-0.49	0.77	0.91	0.97	0.99	0.9	0.98	0.95	0.76	0.99	0.63	0.94	0.05	0.71	0.99	0.88	-0.89
Total Stockholder Equity	0.94		0.82	0.24	-0.85	-0.57	0.76	0.79	0.92	0.94	0.92	0.93	0.85	0.74	0.92	0.58	0.92	0.11	0.72	0.96	0.94	-0.9
Net Tangible Assets	0.81	0.82		-0.08	-0.82	-0.39	0.55	0.74	0.7	0.81	0.66	0.86	0.65	0.71	0.8	0.72	0.89	0.45	0.9	0.81	0.63	-0.59
Current Deferred Revenue	0.29	0.24	-0.08		-0.31	-0.71	-0.05	0.18	0.42	0.23	0.35	0.25	0.43	0.28	0.36	0.14	0.05	-0.32	-0.04	0.25	0.31	-0.46
Net Debt	-0.76	-0.85	-0.82	-0.31		0.64	-0.34	-0.58	-0.72	-0.73	-0.74	-0.79	-0.64	-0.8	-0.79	-0.78	-0.72	-0.25	-0.78	-0.76	-0.68	0.68
Retained Earnings	-0.49	-0.57	-0.39	-0.71	0.64		-0.24	-0.24	-0.59	-0.49	-0.44	-0.55	-0.44	-0.37	-0.5	-0.2	-0.45	-0.26	-0.28	-0.48	-0.54	0.57
Accounts Payable	0.77	0.76	0.55	-0.05	-0.34	-0.24		0.68	0.79	0.83	0.69	0.76	0.71	0.32	0.71	0.12	0.82	0.08	0.4	0.81	0.83	-0.71
Long Term Debt	0.91	0.79	0.74	0.18	-0.58	-0.24	0.68		0.82	0.87	0.87	0.84	0.94	0.8	0.9	0.67	0.84	-0.15	0.72	0.89	0.74	-0.8
Net Receivables	0.97	0.92	0.7	0.42	-0.72	-0.59	0.79	0.82		0.97	0.87	0.96	0.93	0.66	0.96	0.49	0.9	0.03	0.58	0.97	0.9	-0.9
Good Will	0.99	0.94	0.81	0.23	-0.73	-0.49	0.83	0.87	0.97		0.86	0.99	0.92	0.71	0.96	0.56	0.97	0.11	0.67	0.99	0.88	-0.87
Long Term Debt Total	0.9	0.92	0.66	0.35	-0.74	-0.44	0.69	0.87	0.87	0.86		0.82	0.93	0.81	0.9	0.62	0.79	-0.23	0.66	0.92	0.92	-0.94
Capital Surpluse	0.98	0.93	0.86	0.25	-0.79	-0.55	0.76	0.84	0.96	0.99	0.82		0.89	0.71	0.97	0.6	0.96	0.21	0.72	0.97	0.84	-0.83
Total Liab	0.95	0.85	0.65	0.43	-0.64	-0.44	0.71	0.94	0.93	0.92	0.93	0.89		0.76	0.96	0.6	0.82	-0.21	0.62	0.94	0.85	-0.91
Short Long Term Debt	0.76	0.74	0.71	0.28	-0.8	-0.37	0.32	0.8	0.66	0.71	0.81	0.71	0.76		0.78	0.91	0.67	-0.21	0.67	0.74	0.57	-0.75
Total Current Assets	0.99	0.92	0.8	0.36	-0.79	-0.5	0.71	0.9	0.96	0.96	0.9	0.97	0.96	0.78		0.68	0.9	0.02	0.73	0.98	0.86	-0.88
Short Term Debt	0.63	0.58	0.72	0.14	-0.78	-0.2	0.12	0.67	0.49	0.56	0.62	0.6	0.6	0.91	0.68		0.54	-0.09	0.69	0.6	0.36	-0.53
Intangible Assets	0.94	0.92	0.89	0.05	-0.72	-0.45	0.82	0.84	0.9	0.97	0.79	0.96	0.82	0.67	0.9	0.54		0.27	0.72	0.94	0.82	-0.8
Common Stock	0.05	0.11	0.45	-0.32	-0.25	-0.26	0.08	-0.15	0.03	0.11	-0.23	0.21	-0.21	-0.21	0.02	-0.09	0.27		0.37	0.04	-0.01	0.25
Property Plant Equipment	0.71	0.72	0.9	-0.04	-0.78	-0.28	0.4	0.72	0.58	0.67	0.66	0.72	0.62	0.67	0.73	0.69	0.72	0.37		0.71	0.59	-0.46
Net Invested Capital	0.99	0.96	0.81	0.25	-0.76	-0.48	0.81	0.89	0.97	0.99	0.92	0.97	0.94	0.74	0.98	0.6	0.94	0.04	0.71		0.92	-0.9
Net Working Capital	0.88	0.94	0.63	0.31	-0.68	-0.54	0.83	0.74	0.9	0.88	0.92	0.84	0.85	0.57	0.86	0.36	0.82	-0.01	0.59	0.92		-0.9
Capital Stock	-0.89	-0.9	-0.59	-0.46	0.68	0.57	-0.71	-0.8	-0.9	-0.87	-0.94	-0.83	-0.91	-0.75	-0.88	-0.53	-0.8	0.25	-0.46	-0.9	-0.9

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About Altair Engineering Financial Statements

Altair Engineering shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Altair Engineering investors may analyze each financial statement separately, they are all interrelated. The changes in Altair Engineering's assets and liabilities, for example, are also reflected in the revenues and expenses on on Altair Engineering's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	490.9 M	358.2 M
Gross Profit Margin	0.80	0.58

Pair Trading with Altair Engineering

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altair Engineering position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altair Engineering will appreciate offsetting losses from the drop in the long position's value.

Moving together with Altair Stock

0.83

SentinelOne

Pair Corr

Moving against Altair Stock

0.73	VRAR	Glimpse Group	Pair Corr
0.7	VHAI	VHAI	Pair Corr
0.65	VRNT	Verint Systems	Pair Corr
0.45	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.34	MQ	Marqeta	Pair Corr

The ability to find closely correlated positions to Altair Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altair Engineering when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altair Engineering - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altair Engineering to buy it.

The correlation of Altair Engineering is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altair Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altair Engineering moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Altair Engineering can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Altair Stock Analysis

When running Altair Engineering's price analysis, check to measure Altair Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altair Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.

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