Altair Engineering (ALTR) Financials

$111.85 0.00 (0.00%)

As of 03/26/2025

Annual Income Statements for Altair Engineering

This table shows Altair Engineering's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	11	10	-102	16	-7.54	-11	-8.79	-43	-8.93	14
Consolidated Net Income / (Loss)	11	10	-102	16	-7.54	-11	-8.79	-43	-8.93	14
Net Income / (Loss) Continuing Operations	11	10	-102	16	-7.54	-11	-8.79	-43	-8.93	14
Total Pre-Tax Income	12	14	-36	27	3.39	2.03	-0.29	-28	13	33
Total Operating Income	15	15	-33	25	8.21	12	12	-6.94	0.24	18
Total Gross Profit	195	211	227	280	326	349	403	449	491	541
Total Revenue	294	313	333	396	459	470	532	572	613	666
Operating Revenue	288	313	333	396	459	470	532	572	613	666
Total Cost of Revenue	99	103	107	116	133	121	130	123	122	125
Operating Cost of Revenue	99	103	107	116	133	121	130	123	122	125
Total Operating Expenses	180	195	260	256	318	337	390	456	491	523
Selling, General & Admin Expense	54	57	88	80	82	86	66	72	71	90
Marketing Expense	63	66	80	80	106	111	141	164	176	184
Research & Development Expense	63	71	93	98	118	126	167	203	213	221
Amortization Expense	2.62	3.32	5.45	7.74	14	16	18	28	31	33
Other Operating Expenses / (Income)	-2.58	-2.74	-6.62	-9.60	-2.07	-3.43	-3.48	-9.96	0.15	-5.31
Total Other Income / (Expense), net	-3.20	-1.75	-3.15	2.38	-4.82	-9.68	-13	-21	12	15
Interest Expense	2.42	2.27	2.16	0.20	6.37	12	12	4.38	6.12	5.84
Other Income / (Expense), net	-0.78	0.52	-0.99	2.58	1.55	1.92	-0.56	-17	18	21
Income Tax Expense	0.82	3.54	66	11	11	13	8.51	15	22	18
Basic Earnings per Share	$0.23	$0.21	($1.94)	$0.23	($0.11)	($0.14)	($0.12)	($0.55)	($0.11)	$0.17
Weighted Average Basic Shares Outstanding	46.61M	48.85M	52.47M	67.47M	71.54M	73.24M	76.18M	79.47M	80.60M	84.09M
Diluted Earnings per Share	$0.19	$0.18	($1.94)	$0.21	($0.11)	($0.14)	($0.12)	($0.55)	($0.11)	$0.16
Weighted Average Diluted Shares Outstanding	58.71M	57.86M	52.47M	74.88M	71.54M	73.24M	76.18M	79.47M	80.60M	88.56M
Weighted Average Basic & Diluted Shares Outstanding	-	48.40M	52.60M	85.70M	71.54M	73.24M	76.18M	80.07M	82.49M	85.79M
Cash Dividends to Common per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

This table shows Altair Engineering's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-33	12	-1.96	-22	-4.36	20	17	-5.15	1.78	1.00
Consolidated Net Income / (Loss)	-33	12	-1.96	-22	-4.36	20	17	-5.15	1.78	1.00
Net Income / (Loss) Continuing Operations	-33	12	-1.96	-22	-4.36	20	17	-5.15	1.78	1.00
Total Pre-Tax Income	-29	12	7.27	-14	-11	30	23	-5.76	5.13	9.94
Total Operating Income	-25	4.62	5.19	-16	-11	23	21	-9.90	-4.31	11
Total Gross Profit	91	127	133	110	105	142	142	118	121	159
Total Revenue	119	160	166	141	134	172	173	149	151	193
Operating Revenue	119	160	166	141	134	172	173	149	151	193
Total Cost of Revenue	28	34	33	31	29	29	31	31	30	33
Operating Cost of Revenue	28	34	33	31	29	29	31	31	30	33
Total Operating Expenses	116	122	128	127	116	120	121	128	126	148
Selling, General & Admin Expense	18	18	18	19	17	17	18	19	18	36
Marketing Expense	41	44	43	45	44	44	44	46	46	48
Research & Development Expense	53	52	53	55	52	53	52	56	56	57
Amortization Expense	6.57	8.83	7.81	7.63	7.70	7.71	7.44	7.63	9.25	8.71
Other Operating Expenses / (Income)	-2.84	-0.57	5.61	0.13	-4.41	-1.18	-0.88	-0.79	-2.67	-0.98
Total Other Income / (Expense), net	-3.67	7.66	2.09	2.67	0.36	7.26	2.38	4.15	9.44	-1.02
Interest Expense	1.57	1.53	1.53	1.53	1.53	1.53	1.58	1.60	1.32	1.34
Other Income / (Expense), net	-2.11	9.18	3.61	4.20	1.89	8.79	3.96	5.75	11	0.32
Income Tax Expense	4.58	0.21	9.23	8.68	-6.54	10	6.77	-0.61	3.35	8.95
Basic Earnings per Share	($0.42)	$0.15	($0.02)	($0.28)	($0.05)	$0.24	$0.20	($0.06)	$0.02	$0.01
Weighted Average Basic Shares Outstanding	79.21M	79.47M	80.19M	79.99M	80.43M	80.60M	82.59M	83.61M	84.84M	84.09M
Weighted Average Diluted Shares Outstanding	79.21M	79.47M	80.19M	79.99M	80.43M	80.60M	89.81M	83.61M	88.43M	88.56M
Weighted Average Basic & Diluted Shares Outstanding	80.14M	80.07M	80.71M	81.24M	81.66M	82.49M	83.03M	84.89M	85.08M	85.79M

This table details how cash moves in and out of Altair Engineering's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-3.53	3.13	22	-3.89	188	18	172	-97	151	94
Net Cash From Operating Activities	11	21	16	36	31	33	62	40	127	154
Net Cash From Continuing Operating Activities	11	21	16	36	31	33	62	40	127	154
Net Income / (Loss) Continuing Operations	11	10	-102	16	-7.54	-11	-8.79	-43	-8.93	14
Consolidated Net Income / (Loss)	11	10	-102	16	-7.54	-11	-8.79	-43	-8.93	14
Depreciation Expense	8.38	9.98	12	15	22	24	26	36	39	42
Non-Cash Adjustments To Reconcile Net Income	1.87	5.69	48	-0.37	9.21	23	46	96	93	70
Changes in Operating Assets and Liabilities, net	-10	-4.45	58	6.31	2.55	-14	-12	-49	3.88	28
Net Cash From Investing Activities	-8.03	-16	-25	-206	-36	-49	-62	-155	-16	-46
Net Cash From Continuing Investing Activities	-8.03	-16	-25	-206	-36	-49	-62	-155	-16	-46
Purchase of Property, Plant & Equipment	-5.23	-9.44	-7.52	-6.66	-9.66	-6.09	-7.85	-9.65	-10	-14
Acquisitions	-2.76	-6.65	-18	-206	-26	-41	-54	-135	-3.24	-27
Other Investing Activities, net	-0.04	0.03	-0.07	0.00	0.01	-1.97	-0.65	-10	-2.42	-4.97
Net Cash From Financing Activities	-4.70	-1.86	30	168	192	31	176	23	38	-7.04
Net Cash From Continuing Financing Activities	-4.70	-1.86	30	168	192	31	176	23	38	-7.04
Repayment of Debt	-108	-153	-214	-7.16	-130	-0.46	-31	-194	-0.10	-82
Repurchase of Common Equity	-1.74	-3.05	-5.69	-	-	0.00	0.00	-20	-6.26	0.00
Issuance of Debt	104	154	128	37	320	30	0.00	224	0.00	0.00
Issuance of Common Equity	0.29	0.46	121	136	0.00	0.00	200	8.98	7.98	9.16
Other Financing Activities, net	-	-	-	2.08	1.51	1.71	6.48	3.58	36	66
Effect of Exchange Rate Changes	-1.64	-0.36	1.64	-1.44	0.34	3.01	-2.62	-5.09	1.40	-6.45
Cash Interest Paid	2.26	2.19	2.09	0.22	0.66	0.73	0.63	2.43	4.24	4.34
Cash Income Taxes Paid	5.63	5.91	5.89	6.74	7.69	13	9.17	8.94	11	9.31

This table details how cash moves in and out of Altair Engineering's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-104	4.58	62	40	13	36	90	-51	6.37	49
Net Cash From Operating Activities	8.49	13	59	30	16	22	73	29	15	38
Net Cash From Continuing Operating Activities	8.49	13	59	30	16	22	73	29	15	38
Net Income / (Loss) Continuing Operations	-33	12	-1.96	-22	-4.36	20	17	-5.15	1.78	1.00
Consolidated Net Income / (Loss)	-33	12	-1.96	-22	-4.36	20	17	-5.15	1.78	1.00
Depreciation Expense	8.27	11	9.75	9.74	9.78	9.85	9.62	9.94	12	11
Non-Cash Adjustments To Reconcile Net Income	21	24	30	25	17	21	17	18	18	18
Changes in Operating Assets and Liabilities, net	12	-34	22	17	-6.08	-29	31	5.78	-17	7.74
Net Cash From Investing Activities	-110	-3.34	-3.13	-5.23	-5.21	-2.28	-2.76	-16	-21	-5.78
Net Cash From Continuing Investing Activities	-110	-3.34	-3.13	-5.23	-5.21	-2.28	-2.76	-16	-21	-5.78
Purchase of Property, Plant & Equipment	-3.26	-2.93	-1.73	-4.46	-1.70	-2.31	-2.77	-2.24	-4.74	-4.35
Acquisitions	-96	-0.41	0.00	-0.72	-2.51	-0.00	0.00	-14	-12	-1.50
Other Investing Activities, net	-10	-	-1.41	-0.05	-1.00	0.03	0.00	-0.40	-4.64	0.06
Net Cash From Financing Activities	3.23	-12	5.46	16	3.97	13	22	-62	9.24	24
Net Cash From Continuing Financing Activities	3.23	-12	5.46	16	3.97	13	22	-62	9.24	24
Issuance of Common Equity	-	-	-	-	1.98	2.21	-	-	2.75	2.05
Other Financing Activities, net	3.27	-5.81	12	12	2.02	11	22	15	6.49	22
Effect of Exchange Rate Changes	-5.92	7.05	0.38	-0.42	-2.56	4.00	-2.59	-0.70	3.85	-7.01
Cash Interest Paid	0.01	2.13	0.00	2.12	0.00	2.12	0.05	2.26	0.00	2.04
Cash Income Taxes Paid	1.93	2.12	4.75	4.15	0.12	2.27	2.95	0.70	4.37	1.29

This table presents Altair Engineering's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	251	288	487	743	830	1,155	1,205	1,363	1,446
Total Current Assets	105	144	154	352	387	588	527	701	785
Cash & Equivalents	17	39	35	223	241	414	316	467	562
Accounts Receivable	70	87	97	105	118	138	170	190	174
Prepaid Expenses	7.44	10	17	17	21	28	29	26	28
Current Deferred & Refundable Income Taxes	9.07	6.05	4.43	7.26	6.74	9.39	11	17	22
Plant, Property, & Equipment, net	30	31	30	36	36	40	38	40	41
Total Noncurrent Assets	116	113	303	354	407	526	640	623	620
Goodwill	37	63	211	234	264	370	449	458	462
Intangible Assets	11	24	70	67	76	99	108	84	73
Noncurrent Deferred & Refundable Income Taxes	63	8.35	5.35	5.79	7.13	-	9.73	9.96	8.77
Other Noncurrent Operating Assets	5.28	17	17	48	59	57	74	71	75
Total Liabilities & Shareholders' Equity	251	288	487	743	830	1,163	1,205	1,363	1,446
Total Liabilities	285	225	191	386	451	549	635	652	588
Total Current Liabilities	158	197	127	153	201	474	233	324	488
Short-Term Debt	10	0.23	0.33	0.43	30	200	0.00	81	227
Accounts Payable	5.01	4.88	8.36	8.59	8.59	6.65	10	9.00	7.32
Current Deferred Revenue	101	130	60	75	86	93	113	131	139
Current Employee Benefit Liabilities	23	27	32	31	35	42	42	45	50
Other Current Liabilities	19	36	27	38	42	132	67	57	64
Total Noncurrent Liabilities	127	27	64	233	250	75	402	328	101
Long-Term Debt	75	0.18	31	178	188	0.00	306	226	0.00
Capital Lease Obligations	-	-	0.00	20	24	-	24	23	24
Noncurrent Deferred Revenue	13	9.64	6.75	8.14	9.39	13	31	32	29
Other Noncurrent Operating Liabilities	17	18	26	27	28	62	41	47	48
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	2.35	2.35	2.35	0.78	0.78	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-35	61	294	355	379	613	570	711	857
Total Preferred & Common Equity	-35	61	294	355	379	613	570	711	857
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-35	61	294	355	379	613	570	711	857
Common Stock	40	232	380	447	475	724	721	864	1,011
Retained Earnings	-67	-166	-75	-82	-93	-102	-122	-131	-116
Accumulated Other Comprehensive Income / (Loss)	-7.26	-5.07	-11	-9.53	-2.80	-8.95	-30	-22	-37

This table presents Altair Engineering's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,125	1,226	1,256	1,252	1,380	1,336	1,378
Total Current Assets	466	549	587	592	730	680	687
Cash & Equivalents	312	378	418	431	558	507	513
Accounts Receivable	120	131	124	122	128	127	121
Prepaid Expenses	23	28	30	27	26	29	31
Current Deferred & Refundable Income Taxes	10	11	15	12	19	18	21
Plant, Property, & Equipment, net	39	38	39	38	39	38	41
Total Noncurrent Assets	620	639	630	622	611	618	650
Goodwill	455	451	453	453	455	459	476
Intangible Assets	86	102	95	86	75	78	85
Noncurrent Deferred & Refundable Income Taxes	7.61	9.68	8.18	8.05	9.70	9.12	9.66
Other Noncurrent Operating Assets	71	77	74	74	71	72	79
Total Liabilities & Shareholders' Equity	1,125	1,226	1,256	1,252	1,380	1,336	1,378
Total Liabilities	589	619	636	618	617	545	541
Total Current Liabilities	198	300	319	297	297	217	210
Short-Term Debt	0.00	81	81	81	82	0.00	0.00
Accounts Payable	6.24	6.01	4.68	5.16	6.52	4.00	3.61
Current Deferred Revenue	95	114	122	111	121	123	115
Current Employee Benefit Liabilities	37	30	36	39	36	40	43
Other Current Liabilities	61	69	76	60	52	50	48
Total Noncurrent Liabilities	391	319	316	321	320	328	331
Long-Term Debt	305	225	225	226	226	227	227
Capital Lease Obligations	23	-	-	-	23	25	24
Noncurrent Deferred Revenue	22	28	27	28	24	29	26
Other Noncurrent Operating Liabilities	40	66	64	67	47	48	53
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	536	607	620	634	763	791	837
Total Preferred & Common Equity	536	607	620	634	763	791	837
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	536	607	620	634	763	791	837
Common Stock	716	753	790	817	904	940	972
Retained Earnings	-134	-124	-146	-150	-114	-119	-117
Accumulated Other Comprehensive Income / (Loss)	-47	-23	-24	-32	-27	-29	-18

This table displays calculated financial ratios and metrics derived from Altair Engineering's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-84.78%	6.50%	6.41%	18.91%	15.78%	2.40%	13.25%	7.52%	7.07%	8.66%
EBITDA Growth	-96.30%	15.10%	-186.16%	287.78%	-12.00%	30.64%	1.21%	-76.11%	395.88%	39.36%
EBIT Growth	-97.36%	12.72%	-314.51%	179.48%	-64.15%	39.67%	-13.60%	-302.39%	178.60%	105.32%
NOPAT Growth	-97.13%	-17.61%	-303.19%	160.85%	-228.96%	-231.29%	114.27%	-156.22%	96.46%	4,569.64%
Net Income Growth	-97.69%	-7.03%	-1,103.06%	115.24%	-148.55%	-39.22%	16.25%	-393.85%	79.45%	258.81%
EPS Growth	-87.50%	-5.26%	-1,177.78%	110.82%	-152.38%	-27.27%	14.29%	-358.33%	80.00%	245.45%
Operating Cash Flow Growth	-98.37%	97.32%	-24.76%	125.16%	-13.35%	4.74%	87.41%	-35.79%	221.73%	21.03%
Free Cash Flow Firm Growth	-64.08%	-111.81%	38.42%	-1,754.20%	76.94%	-85.07%	98.09%	-9,370.16%	104.68%	280.46%
Invested Capital Growth	0.00%	0.00%	-28.40%	1,111.44%	13.80%	14.41%	2.81%	49.00%	-1.61%	-4.76%
Revenue Q/Q Growth	-82.99%	0.00%	0.00%	3.43%	4.76%	2.08%	1.40%	3.55%	1.84%	3.28%
EBITDA Q/Q Growth	-95.19%	0.00%	0.00%	0.78%	51.03%	8.39%	-4.09%	325.37%	38.31%	-19.00%
EBIT Q/Q Growth	-96.36%	0.00%	0.00%	1.17%	461.51%	21.26%	-12.20%	25.24%	1,529.13%	-34.32%
NOPAT Q/Q Growth	-95.91%	0.00%	0.00%	139.06%	-5,309.45%	-1,112.58%	115.57%	-0.45%	98.62%	-58.08%
Net Income Q/Q Growth	-96.76%	0.00%	0.00%	140.52%	49.86%	26.06%	-69.15%	23.66%	46.02%	-56.85%
EPS Q/Q Growth	-82.73%	0.00%	0.00%	125.00%	47.62%	30.00%	-71.43%	24.66%	38.89%	-60.00%
Operating Cash Flow Q/Q Growth	-98.01%	105.93%	-7.94%	-7.24%	21.62%	14.30%	0.86%	21.52%	7.26%	11.49%
Free Cash Flow Firm Q/Q Growth	-49.89%	0.00%	0.00%	0.00%	78.90%	-93.64%	96.83%	-2.68%	-69.32%	175.14%
Invested Capital Q/Q Growth	-100.00%	0.00%	0.00%	1,792.09%	13.33%	7.05%	7.07%	5.61%	12.55%	-4.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	66.27%	67.25%	68.02%	70.74%	71.11%	74.19%	75.63%	78.52%	80.12%	81.25%
EBITDA Margin	7.66%	8.28%	-6.71%	10.59%	8.05%	10.27%	9.18%	2.04%	9.44%	12.11%
Operating Margin	5.08%	4.93%	-9.98%	6.22%	1.79%	2.49%	2.32%	-1.21%	0.04%	2.66%
EBIT Margin	4.82%	5.10%	-10.28%	6.87%	2.13%	2.90%	2.21%	-4.17%	3.06%	5.78%
Profit (Net Income) Margin	3.72%	3.24%	-30.58%	3.92%	-1.64%	-2.23%	-1.65%	-7.59%	-1.46%	2.13%
Tax Burden Percent	93.04%	74.17%	279.97%	57.49%	-222.61%	-516.73%	3,053.47%	153.93%	-70.73%	43.44%
Interest Burden Percent	82.94%	85.81%	106.31%	99.27%	34.72%	14.91%	-2.45%	118.36%	67.36%	84.83%
Effective Tax Rate	6.96%	25.83%	0.00%	42.51%	322.61%	616.73%	0.00%	0.00%	170.73%	56.56%
Return on Invested Capital (ROIC)	0.00%	67.97%	-80.48%	8.95%	-5.84%	-16.97%	2.24%	-1.00%	-0.03%	1.37%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	64.18%	-612.62%	2.50%	-82.82%	-453.65%	18.00%	35.91%	14.10%	-1.53%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-126.62%	-640.21%	-0.29%	3.53%	14.11%	-4.01%	-6.34%	-1.36%	0.44%
Return on Equity (ROE)	0.00%	-58.66%	-720.69%	8.66%	-2.31%	-2.85%	-1.77%	-7.34%	-1.39%	1.81%
Cash Return on Invested Capital (CROIC)	0.00%	-132.03%	-47.38%	-160.55%	-18.75%	-30.41%	-0.54%	-40.35%	1.59%	6.25%
Operating Return on Assets (OROA)	0.00%	6.37%	-12.72%	7.02%	1.59%	1.73%	1.19%	-2.02%	1.46%	2.74%
Return on Assets (ROA)	0.00%	4.05%	-37.85%	4.01%	-1.23%	-1.34%	-0.89%	-3.68%	-0.70%	1.01%
Return on Common Equity (ROCE)	0.00%	-58.67%	-660.51%	8.54%	-2.29%	-2.84%	-1.77%	-7.33%	-1.39%	1.81%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-29.32%	-168.24%	5.29%	-2.13%	-2.77%	-1.43%	-7.62%	-1.25%	1.65%
Net Operating Profit after Tax (NOPAT)	14	11	-23	14	-18	-61	8.64	-4.86	-0.17	7.68
NOPAT Margin	4.73%	3.66%	-6.98%	3.57%	-3.98%	-12.88%	1.62%	-0.85%	-0.03%	1.15%
Net Nonoperating Expense Percent (NNEP)	0.00%	3.79%	532.14%	6.45%	76.98%	436.69%	-15.76%	-36.91%	-14.13%	2.90%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-0.54%	-0.02%	0.69%
Cost of Revenue to Revenue	33.73%	32.75%	31.98%	29.26%	28.89%	25.81%	24.37%	21.48%	19.88%	18.75%
SG&A Expenses to Revenue	18.38%	18.26%	26.39%	20.12%	17.91%	18.39%	12.49%	12.63%	11.57%	13.54%
R&D to Revenue	21.34%	22.77%	27.97%	24.62%	25.61%	26.83%	31.44%	35.40%	34.71%	33.22%
Operating Expenses to Revenue	61.19%	62.31%	78.00%	64.52%	69.32%	71.69%	73.32%	79.74%	80.08%	78.60%
Earnings before Interest and Taxes (EBIT)	14	16	-34	27	9.76	14	12	-24	19	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	26	-22	42	37	48	49	12	58	81
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	24.83	6.60	7.27	11.32	9.94	6.40	9.66	10.83
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	145.64	47.77	112.80	42.35	278.62	40.50	28.85
Price to Revenue (P/Rev)	32.62	30.63	4.51	4.89	5.62	9.12	11.46	6.37	11.22	13.94
Price to Earnings (P/E)	877.60	943.91	0.00	124.86	0.00	0.00	0.00	0.00	0.00	654.90
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.11%	0.11%	0.00%	0.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%
Enterprise Value to Invested Capital (EV/IC)	0.00	286.57	60.82	6.63	7.68	11.26	15.03	6.27	11.73	16.42
Enterprise Value to Revenue (EV/Rev)	0.00	30.84	4.40	4.89	5.57	9.12	11.05	6.39	10.99	13.48
Enterprise Value to EBITDA (EV/EBITDA)	0.00	372.35	0.00	46.17	69.17	88.83	120.44	313.47	116.39	111.28
Enterprise Value to EBIT (EV/EBIT)	0.00	605.08	0.00	71.20	261.86	314.57	499.55	0.00	359.45	233.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	843.25	0.00	136.83	0.00	0.00	681.13	0.00	0.00	1,167.90
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	451.78	91.24	53.50	81.40	130.39	95.47	92.43	52.90	58.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	731.51	256.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	-2.46	0.01	0.11	0.56	0.64	0.33	0.58	0.46	0.29
Long-Term Debt to Equity	0.00	-2.16	0.00	0.11	0.56	0.56	0.00	0.58	0.35	0.03
Financial Leverage	0.00	-1.97	1.05	-0.12	-0.04	-0.03	-0.22	-0.18	-0.10	-0.29
Leverage Ratio	0.00	-7.24	19.04	2.16	1.88	2.14	2.00	1.99	2.00	1.79
Compound Leverage Factor	0.00	-6.21	20.24	2.14	0.65	0.32	-0.05	2.36	1.35	1.52
Debt to Total Capital	0.00%	168.50%	0.65%	9.69%	35.77%	39.00%	24.54%	36.65%	31.69%	22.67%
Short-Term Debt to Total Capital	0.00%	20.63%	0.37%	0.10%	0.08%	4.82%	24.54%	0.00%	7.82%	20.49%
Long-Term Debt to Total Capital	0.00%	147.87%	0.28%	9.58%	35.69%	34.19%	0.00%	36.65%	23.87%	2.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.02%	3.71%	0.72%	0.42%	0.13%	0.10%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-68.52%	95.64%	89.60%	63.81%	60.87%	75.36%	63.35%	68.31%	77.33%
Debt to EBITDA	0.00	3.29	-0.02	0.76	5.38	5.03	4.09	28.25	5.70	3.12
Net Debt to EBITDA	0.00	2.63	1.74	-0.09	-0.66	0.03	-4.38	1.16	-2.38	-3.85
Long-Term Debt to EBITDA	0.00	2.88	-0.01	0.75	5.37	4.41	0.00	28.25	4.30	0.30
Debt to NOPAT	0.00	7.44	-0.02	2.24	-10.88	-4.01	23.12	-67.89	-1,919.94	32.70
Net Debt to NOPAT	0.00	5.97	1.67	-0.25	1.33	-0.02	-24.78	-2.78	799.66	-40.44
Long-Term Debt to NOPAT	0.00	6.53	-0.01	2.22	-10.86	-3.51	0.00	-67.89	-1,446.05	3.14
Altman Z-Score	0.00	21.00	3.75	6.94	4.83	6.44	7.15	4.00	7.01	10.15
Noncontrolling Interest Sharing Ratio	0.00%	-0.03%	8.35%	1.31%	0.72%	0.43%	0.16%	0.07%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.67	0.73	1.21	2.31	1.93	1.24	2.26	2.16	1.61
Quick Ratio	0.00	0.55	0.64	1.04	2.15	1.79	1.16	2.09	2.03	1.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	188	-22	-14	-254	-59	-108	-2.08	-197	9.21	35
Operating Cash Flow to CapEx	207.11%	227.26%	227.40%	80,511.11%	324.98%	539.67%	785.11%	410.14%	1,248.97%	1,093.88%
Free Cash Flow to Firm to Interest Expense	78.01	-9.83	-6.35	-1,270.67	-9.20	-9.35	-0.17	-44.93	1.51	6.00
Operating Cash Flow to Interest Expense	4.49	9.44	7.45	181.15	4.93	2.84	5.11	9.04	20.82	26.40
Operating Cash Flow Less CapEx to Interest Expense	2.32	5.29	4.17	180.93	3.41	2.31	4.46	6.84	19.15	23.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.25	1.24	1.02	0.75	0.60	0.54	0.49	0.48	0.47
Accounts Receivable Turnover	0.00	4.44	4.24	4.32	4.55	4.22	4.17	3.72	3.40	3.66
Inventory Turnover	0.00	83.62	66.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	10.54	10.90	12.87	13.81	12.94	13.86	14.67	15.85	16.48
Accounts Payable Turnover	0.00	20.48	21.56	17.52	15.65	14.12	17.02	14.39	12.54	15.30
Days Sales Outstanding (DSO)	0.00	82.15	86.03	84.46	80.25	86.55	87.60	98.18	107.45	99.77
Days Inventory Outstanding (DIO)	0.00	4.37	5.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	17.82	16.93	20.83	23.32	25.85	21.45	25.37	29.11	23.85
Cash Conversion Cycle (CCC)	0.00	68.69	74.59	63.63	56.93	60.71	66.15	72.81	78.34	75.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	34	24	292	333	381	391	583	574	547
Invested Capital Turnover	0.00	18.58	11.52	2.50	1.47	1.32	1.38	1.17	1.06	1.19
Increase / (Decrease) in Invested Capital	-175	34	-9.57	268	40	48	11	192	-9.38	-27
Enterprise Value (EV)	0.00	9,661	1,468	1,938	2,555	4,288	5,883	3,658	6,734	8,973
Market Capitalization	9,593	9,593	1,505	1,940	2,577	4,285	6,096	3,644	6,872	9,283
Book Value per Share	$0.00	($0.11)	$0.96	$4.18	$4.94	$5.14	$7.78	$7.11	$8.71	$10.08
Tangible Book Value per Share	$0.00	($0.27)	($0.42)	$0.19	$0.75	$0.52	$1.83	$0.16	$2.08	$3.78
Total Capital	0.00	51	63	328	556	622	814	899	1,041	1,108
Total Debt	0.00	85	0.41	32	199	243	200	330	330	251
Total Long-Term Debt	0.00	75	0.18	31	198	213	0.00	330	249	24
Net Debt	0.00	68	-39	-3.60	-24	1.36	-214	14	-137	-311
Capital Expenditures (CapEx)	5.23	9.41	7.08	0.05	9.66	6.09	7.85	9.65	10	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-59	-93	-8.21	-23	-25	-100	-22	-9.49	-38
Debt-free Net Working Capital (DFNWC)	0.00	-42	-53	27	200	216	314	294	458	524
Net Working Capital (NWC)	0.00	-53	-54	27	200	186	114	294	377	297
Net Nonoperating Expense (NNE)	2.98	1.29	79	-1.37	-11	-50	17	39	8.75	-6.49
Net Nonoperating Obligations (NNO)	0.00	68	-39	-3.60	-24	1.36	-223	14	-137	-311
Total Depreciation and Amortization (D&A)	8.38	9.98	12	15	27	35	37	36	39	42
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-18.94%	-27.77%	-2.07%	-5.03%	-5.34%	-18.75%	-3.85%	-1.55%	-5.64%
Debt-free Net Working Capital to Revenue	0.00%	-13.56%	-16.00%	6.85%	43.59%	46.00%	58.99%	51.39%	74.75%	78.75%
Net Working Capital to Revenue	0.00%	-16.89%	-16.07%	6.76%	43.49%	39.62%	21.47%	51.39%	61.45%	44.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.89)	$0.20	($0.11)	($0.14)	($0.12)	($0.55)	($0.11)	$0.17
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	52.47M	67.47M	71.54M	73.24M	79.32M	79.47M	80.60M	84.09M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.89)	$0.18	($0.11)	($0.14)	($0.12)	($0.55)	($0.11)	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	52.47M	74.88M	71.54M	73.24M	79.32M	79.47M	80.60M	88.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.12)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	63.23M	70.68M	72.54M	74.60M	76.18M	80.07M	82.49M	85.79M
Normalized Net Operating Profit after Tax (NOPAT)	14	11	-23	14	5.74	8.20	8.64	-4.86	0.17	12
Normalized NOPAT Margin	4.73%	3.66%	-6.98%	3.57%	1.25%	1.74%	1.62%	-0.85%	0.03%	1.86%
Pre Tax Income Margin	3.99%	4.37%	-10.92%	6.82%	0.74%	0.43%	-0.05%	-4.93%	2.06%	4.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.86	7.05	-15.86	136.12	1.53	1.18	0.98	-5.45	3.06	6.59
NOPAT to Interest Expense	5.76	5.06	-10.78	70.83	-2.87	-5.22	0.72	-1.11	-0.03	1.32
EBIT Less CapEx to Interest Expense	3.70	2.89	-19.13	135.90	0.02	0.65	0.33	-7.65	1.40	4.18
NOPAT Less CapEx to Interest Expense	3.59	0.90	-14.05	70.61	-4.38	-5.74	0.07	-3.31	-1.69	-1.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	7.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	15.95%	37.13%	-5.58%	0.00%	0.00%	0.00%	0.00%	-45.27%	-70.08%	0.00%

This table displays calculated financial ratios and metrics derived from Altair Engineering's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.61%	13.95%	3.91%	6.41%	12.28%	6.90%	4.14%	5.41%	13.02%	12.32%
EBITDA Growth	-361.58%	68.57%	-29.55%	88.90%	102.23%	63.57%	86.05%	347.65%	4,303.18%	-45.86%
EBIT Growth	-1,222.10%	139.90%	-52.80%	58.62%	65.41%	127.44%	182.90%	65.60%	168.76%	-64.05%
NOPAT Growth	-1,197.82%	287.68%	-110.57%	-123.84%	54.94%	228.12%	1,163.62%	39.13%	81.03%	-92.62%
Net Income Growth	-310.01%	963.64%	-116.99%	34.03%	86.88%	63.08%	944.67%	76.90%	140.78%	-94.94%
EPS Growth	-281.82%	1,800.00%	-115.38%	34.88%	88.10%	41.18%	1,100.00%	78.57%	140.00%	0.00%
Operating Cash Flow Growth	873.97%	116.22%	923.14%	145.04%	93.42%	66.09%	24.07%	-4.91%	-11.44%	73.34%
Free Cash Flow Firm Growth	-1,707.56%	-1,326.10%	-6.00%	48.64%	116.91%	112.96%	117.80%	40.10%	-292.40%	17.20%
Invested Capital Growth	51.07%	49.00%	16.55%	9.78%	-7.68%	-1.61%	0.21%	5.32%	12.74%	-4.76%
Revenue Q/Q Growth	-10.03%	34.42%	3.49%	-14.98%	-5.07%	27.98%	0.82%	-13.95%	1.78%	27.19%
EBITDA Q/Q Growth	12.89%	237.55%	-27.75%	-112.59%	117.51%	9,982.40%	-17.25%	-83.24%	211.31%	23.97%
EBIT Q/Q Growth	7.10%	150.91%	-36.23%	-237.22%	22.36%	434.80%	-20.69%	-116.68%	255.21%	75.01%
NOPAT Q/Q Growth	-243.92%	125.93%	-130.78%	-715.28%	30.76%	288.83%	-0.21%	-146.66%	78.42%	173.45%
Net Income Q/Q Growth	1.56%	136.29%	-116.24%	-1,037.32%	80.42%	551.05%	-15.90%	-131.11%	134.56%	-44.01%
EPS Q/Q Growth	2.33%	140.48%	-111.76%	-1,300.00%	82.14%	580.00%	-16.67%	-130.00%	133.33%	0.00%
Operating Cash Flow Q/Q Growth	-30.70%	53.49%	354.12%	-49.27%	-45.30%	31.80%	239.25%	-61.12%	-49.06%	157.99%
Free Cash Flow Firm Q/Q Growth	-84.97%	8.29%	58.72%	26.66%	160.91%	-29.72%	-43.31%	-346.84%	-95.64%	142.81%
Invested Capital Q/Q Growth	19.27%	5.61%	-8.35%	-4.90%	0.30%	12.55%	-6.66%	-0.05%	7.37%	-4.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.62%	78.90%	80.28%	78.18%	78.29%	82.99%	82.13%	79.49%	80.18%	82.67%
EBITDA Margin	-15.36%	15.71%	11.17%	-1.65%	0.31%	24.04%	19.96%	3.89%	11.89%	11.59%
Operating Margin	-20.94%	2.88%	3.12%	-11.53%	-8.41%	13.17%	12.11%	-6.66%	-2.85%	5.69%
EBIT Margin	-22.71%	8.60%	5.30%	-8.55%	-7.00%	18.30%	14.40%	-2.79%	4.26%	5.86%
Profit (Net Income) Margin	-27.86%	7.52%	-1.18%	-15.78%	-3.26%	11.47%	9.57%	-3.46%	1.17%	0.52%
Tax Burden Percent	115.97%	98.31%	-26.94%	163.80%	40.01%	65.91%	70.97%	89.40%	34.69%	10.02%
Interest Burden Percent	105.78%	88.94%	82.66%	112.66%	116.31%	95.12%	93.67%	138.62%	79.57%	88.13%
Effective Tax Rate	0.00%	1.69%	126.94%	0.00%	0.00%	34.09%	29.03%	0.00%	65.31%	89.98%
Return on Invested Capital (ROIC)	-17.65%	3.32%	-0.98%	-9.75%	-6.67%	9.19%	9.95%	-5.60%	-1.17%	0.68%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.38%	-3.88%	-0.50%	0.77%	-13.22%	1.47%	8.82%	-6.57%	-2.87%	0.72%
Return on Net Nonoperating Assets (RNNOA)	0.65%	0.69%	0.09%	-0.14%	1.21%	-0.14%	-1.93%	1.71%	0.75%	-0.21%
Return on Equity (ROE)	-17.00%	4.01%	-0.89%	-9.89%	-5.45%	9.05%	8.02%	-3.89%	-0.42%	0.47%
Cash Return on Invested Capital (CROIC)	-41.73%	-40.35%	-18.45%	-13.86%	5.65%	1.59%	0.79%	-2.04%	-8.59%	6.25%
Operating Return on Assets (OROA)	-11.73%	4.17%	2.60%	-4.21%	-3.54%	8.73%	6.85%	-1.35%	2.09%	2.78%
Return on Assets (ROA)	-14.39%	3.65%	-0.58%	-7.77%	-1.65%	5.47%	4.55%	-1.67%	0.58%	0.25%
Return on Common Equity (ROCE)	-16.99%	4.00%	-0.89%	-9.89%	-5.45%	9.05%	8.02%	-3.89%	-0.42%	0.47%
Return on Equity Simple (ROE_SIMPLE)	-10.62%	0.00%	-9.38%	-7.32%	-2.61%	0.00%	1.26%	3.38%	3.93%	0.00%
Net Operating Profit after Tax (NOPAT)	-17	4.54	-1.40	-11	-7.88	15	15	-6.93	-1.50	1.10
NOPAT Margin	-14.66%	2.83%	-0.84%	-8.07%	-5.88%	8.68%	8.59%	-4.66%	-0.99%	0.57%
Net Nonoperating Expense Percent (NNEP)	-14.27%	7.20%	-0.48%	-10.52%	6.56%	7.72%	1.13%	0.97%	1.70%	-0.05%
Return On Investment Capital (ROIC_SIMPLE)	-	0.50%	-	-	-	1.43%	-	-	-	0.10%
Cost of Revenue to Revenue	23.38%	21.10%	19.72%	21.82%	21.71%	17.01%	17.87%	20.51%	19.82%	17.33%
SG&A Expenses to Revenue	15.30%	11.37%	10.81%	13.19%	12.85%	9.97%	10.27%	12.97%	11.56%	18.48%
R&D to Revenue	44.48%	32.37%	32.07%	39.16%	38.51%	30.62%	30.27%	37.35%	37.05%	29.67%
Operating Expenses to Revenue	97.56%	76.02%	77.16%	89.71%	86.70%	69.82%	70.03%	86.15%	83.03%	76.98%
Earnings before Interest and Taxes (EBIT)	-27	14	8.80	-12	-9.37	31	25	-4.15	6.45	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-18	25	19	-2.34	0.41	41	35	5.79	18	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.60	6.40	9.51	9.87	8.01	9.66	9.22	10.29	9.69	10.83
Price to Tangible Book Value (P/TBV)	0.00	278.62	106.63	84.45	53.61	40.50	30.24	31.97	29.40	28.85
Price to Revenue (P/Rev)	6.40	6.37	9.98	10.43	8.45	11.22	11.35	12.98	12.58	13.94
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	734.36	304.87	246.77	654.90
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.33%	0.41%	0.15%
Enterprise Value to Invested Capital (EV/IC)	6.43	6.27	10.67	11.82	9.72	11.73	12.71	14.73	13.65	16.42
Enterprise Value to Revenue (EV/Rev)	6.43	6.39	9.86	10.24	8.24	10.99	10.99	12.58	12.17	13.48
Enterprise Value to EBITDA (EV/EBITDA)	1,294.93	313.47	1,466.41	265.96	118.52	116.39	89.94	96.26	78.82	111.28
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	4,311.28	359.45	195.47	184.52	133.95	233.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	1,273.65	482.15	428.05	1,167.90
Enterprise Value to Operating Cash Flow (EV/OCF)	109.08	92.43	61.32	54.25	41.77	52.90	48.09	56.31	56.77	58.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	165.24	731.51	1,603.68	0.00	0.00	256.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.58	0.50	0.49	0.48	0.46	0.43	0.32	0.30	0.29
Long-Term Debt to Equity	0.61	0.58	0.37	0.36	0.36	0.35	0.33	0.32	0.30	0.03
Financial Leverage	-0.19	-0.18	-0.19	-0.18	-0.09	-0.10	-0.22	-0.26	-0.26	-0.29
Leverage Ratio	1.88	1.99	1.92	2.02	2.03	2.00	1.90	1.84	1.79	1.79
Compound Leverage Factor	1.99	1.77	1.59	2.28	2.36	1.91	1.78	2.55	1.42	1.58
Debt to Total Capital	38.03%	36.65%	33.52%	33.07%	32.62%	31.69%	30.22%	24.09%	23.09%	22.67%
Short-Term Debt to Total Capital	0.00%	0.00%	8.87%	8.76%	8.64%	7.82%	7.47%	0.00%	0.00%	20.49%
Long-Term Debt to Total Capital	38.03%	36.65%	24.65%	24.31%	23.98%	23.87%	22.75%	24.09%	23.09%	2.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.97%	63.35%	66.48%	66.93%	67.38%	68.31%	69.78%	75.91%	76.91%	77.33%
Debt to EBITDA	119.80	28.25	78.71	13.56	7.34	5.70	4.36	3.06	2.52	3.12
Net Debt to EBITDA	6.11	1.16	-18.60	-4.95	-2.97	-2.38	-3.00	-3.12	-2.63	-3.85
Long-Term Debt to EBITDA	119.80	28.25	57.88	9.97	5.39	4.30	3.29	3.06	2.52	0.30
Debt to NOPAT	-67.98	-67.89	-19.46	-13.92	-24.73	-1,919.94	61.80	15.35	13.71	32.70
Net Debt to NOPAT	-3.47	-2.78	4.60	5.08	10.01	799.66	-42.52	-15.64	-14.30	-40.44
Long-Term Debt to NOPAT	-67.98	-67.89	-14.31	-10.23	-18.18	-1,446.05	46.53	15.35	13.71	3.14
Altman Z-Score	4.13	4.11	6.19	6.31	5.51	7.04	7.61	9.72	9.77	10.09
Noncontrolling Interest Sharing Ratio	0.07%	0.07%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.35	2.26	1.83	1.84	1.99	2.16	2.46	3.14	3.27	1.61
Quick Ratio	2.18	2.09	1.69	1.70	1.86	2.03	2.31	2.92	3.02	1.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-204	-187	-77	-57	35	24	14	-34	-66	28
Operating Cash Flow to CapEx	260.20%	445.37%	3,427.85%	673.77%	967.43%	936.87%	2,655.46%	1,276.01%	307.22%	863.35%
Free Cash Flow to Firm to Interest Expense	-130.40	-122.72	-50.66	-37.10	22.58	15.83	8.73	-21.17	-50.45	21.24
Operating Cash Flow to Interest Expense	5.42	8.54	38.79	19.65	10.74	14.12	46.61	17.80	11.05	28.03
Operating Cash Flow Less CapEx to Interest Expense	3.34	6.62	37.66	16.74	9.63	12.62	44.85	16.41	7.45	24.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.49	0.49	0.49	0.51	0.48	0.48	0.48	0.49	0.47
Accounts Receivable Turnover	5.30	3.72	4.76	5.15	4.98	3.40	4.79	5.00	5.30	3.66
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.23	14.67	14.75	14.96	15.61	15.85	16.07	16.17	16.31	16.48
Accounts Payable Turnover	21.88	14.39	20.54	25.98	22.20	12.54	19.14	27.56	27.51	15.30
Days Sales Outstanding (DSO)	68.90	98.18	76.69	70.81	73.34	107.45	76.14	72.98	68.85	99.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	16.68	25.37	17.77	14.05	16.44	29.11	19.07	13.24	13.27	23.85
Cash Conversion Cycle (CCC)	52.22	72.81	58.92	56.76	56.90	78.34	57.07	59.74	55.58	75.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	552	583	535	508	510	574	536	535	575	547
Invested Capital Turnover	1.20	1.17	1.16	1.21	1.13	1.06	1.16	1.20	1.19	1.19
Increase / (Decrease) in Invested Capital	187	192	76	45	-42	-9.38	1.10	27	65	-27
Enterprise Value (EV)	3,552	3,658	5,701	6,009	4,958	6,734	6,808	7,888	7,845	8,973
Market Capitalization	3,535	3,644	5,774	6,121	5,082	6,872	7,035	8,144	8,107	9,283
Book Value per Share	$6.70	$7.11	$7.58	$7.68	$7.81	$8.71	$9.24	$9.53	$9.86	$10.08
Tangible Book Value per Share	($0.07)	$0.16	$0.68	$0.90	$1.17	$2.08	$2.82	$3.07	$3.25	$3.78
Total Capital	864	899	913	927	941	1,041	1,093	1,042	1,088	1,108
Total Debt	329	330	306	306	307	330	330	251	251	251
Total Long-Term Debt	329	330	225	225	226	249	249	251	251	24
Net Debt	17	14	-72	-112	-124	-137	-227	-256	-262	-311
Capital Expenditures (CapEx)	3.26	2.93	1.73	4.46	1.70	2.31	2.77	2.24	4.74	4.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-45	-22	-49	-70	-55	-9.49	-42	-44	-36	-38
Debt-free Net Working Capital (DFNWC)	267	294	329	349	376	458	515	463	477	524
Net Working Capital (NWC)	267	294	248	268	295	377	434	463	477	297
Net Nonoperating Expense (NNE)	16	-7.53	0.56	11	-3.52	-4.79	-1.69	-1.79	-3.27	0.10
Net Nonoperating Obligations (NNO)	17	14	-72	-112	-124	-137	-227	-256	-262	-311
Total Depreciation and Amortization (D&A)	8.77	11	9.75	9.74	9.78	9.85	9.62	9.94	12	11
Debt-free, Cash-free Net Working Capital to Revenue	-8.07%	-3.85%	-8.50%	-11.86%	-9.10%	-1.55%	-6.83%	-7.02%	-5.66%	-5.64%
Debt-free Net Working Capital to Revenue	48.36%	51.39%	56.91%	59.40%	62.56%	74.75%	83.16%	73.82%	73.98%	78.75%
Net Working Capital to Revenue	48.36%	51.39%	42.91%	45.58%	49.05%	61.45%	69.99%	73.82%	73.98%	44.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.42)	$0.15	($0.02)	($0.28)	($0.05)	$0.24	$0.20	($0.06)	$0.02	$0.01
Adjusted Weighted Average Basic Shares Outstanding	79.21M	79.47M	80.19M	79.99M	80.43M	80.60M	82.59M	83.61M	84.84M	84.09M
Adjusted Diluted Earnings per Share	($0.42)	$0.17	($0.02)	($0.28)	($0.05)	$0.24	$0.20	($0.06)	$0.02	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	79.21M	79.47M	80.19M	79.99M	80.43M	80.60M	89.81M	83.61M	88.43M	88.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	80.14M	80.07M	80.71M	81.24M	81.66M	82.49M	83.03M	84.89M	85.08M	85.79M
Normalized Net Operating Profit after Tax (NOPAT)	-17	4.54	3.63	-11	-7.88	15	15	-6.93	-3.02	7.68
Normalized NOPAT Margin	-14.66%	2.83%	2.19%	-8.07%	-5.88%	8.68%	8.59%	-4.66%	-1.99%	3.98%
Pre Tax Income Margin	-24.02%	7.65%	4.38%	-9.64%	-8.14%	17.41%	13.48%	-3.87%	3.39%	5.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-17.31	9.04	5.77	-7.90	-6.13	20.47	15.79	-2.59	4.89	8.42
NOPAT to Interest Expense	-11.17	2.97	-0.92	-7.45	-5.16	9.71	9.43	-4.32	-1.14	0.82
EBIT Less CapEx to Interest Expense	-19.39	7.12	4.63	-10.82	-7.24	18.96	14.04	-3.98	1.30	5.18
NOPAT Less CapEx to Interest Expense	-13.26	1.06	-2.05	-10.37	-6.27	8.21	7.67	-5.72	-4.73	-2.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-7.71%	-45.27%	-45.53%	-47.39%	-130.18%	-70.08%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Altair Engineering's Financials

When does Altair Engineering's financial year end?

According to the most recent income statement we have on file, Altair Engineering's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Altair Engineering's net income changed over the last 9 years?

Altair Engineering's net income appears to be on a downward trend, with a most recent value of $14.18 million in 2024, rising from $10.93 million in 2015. The previous period was -$8.93 million in 2023. View Altair Engineering's forecast to see where analysts expect Altair Engineering to go next.

What is Altair Engineering's operating income?

Altair Engineering's total operating income in 2024 was $17.69 million, based on the following breakdown:

Total Gross Profit: $540.99 million
Total Operating Expenses: $523.30 million

How has Altair Engineering revenue changed over the last 9 years?

Over the last 9 years, Altair Engineering's total revenue changed from $294.13 million in 2015 to $665.79 million in 2024, a change of 126.4%.

How much debt does Altair Engineering have?

Altair Engineering's total liabilities were at $588.46 million at the end of 2024, a 9.8% decrease from 2023, and a 106.2% increase since 2016.

How much cash does Altair Engineering have?

In the past 8 years, Altair Engineering's cash and equivalents has ranged from $16.87 million in 2016 to $561.90 million in 2024, and is currently $561.90 million as of their latest financial filing in 2024.

How has Altair Engineering's book value per share changed over the last 9 years?

Over the last 9 years, Altair Engineering's book value per share changed from 0.00 in 2015 to 10.08 in 2024, a change of 1,007.5%.

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This page (NASDAQ:ALTR) was last updated on 5/5/2025 by MarketBeat.com Staff

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Altair Engineering (ALTR) Financials

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Altair Engineering (ALTR) Financials

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