Altair Engineering Inc. - Understand $altr stock

$ALTR Market Cap: $9.013 Billion

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Financial Snapshot

Revenue

$644.7M

TTM

Gross Margin

81.2%

TTM

Net Earnings

$32.85M

TTM

Current Assets

$687.0M

Q3 2024

Current Liabilities

$210.1M

Q3 2024

Current Ratio

326.97%

Q3 2024

Total Assets

$1.378B

Q3 2024

Total Liabilities

$541.0M

Q3 2024

Book Value

$836.9M

Q3 2024

Cash

$513.4M

Q3 2024

P/E

274.3

Nov 29, 2024 EST

Free Cash Flow

$126.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$612.7M	$572.2M	$532.2M	$469.9M	$458.9M	$396.4M	$333.3M	$313.2M	$294.1M
YoY Change	7.07%	7.52%	13.25%	2.4%	15.78%	18.91%	6.41%	6.5%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$612.7M	$572.2M	$532.2M	$469.9M	$458.9M	$396.4M	$333.3M	$313.2M	$294.1M
Cost Of Revenue	$121.8M	$122.9M	$128.6M	$121.3M	$132.6M	$116.0M	$106.6M	$102.6M	$99.21M
Gross Profit	$490.9M	$449.3M	$403.5M	$348.6M	$326.3M	$280.4M	$226.7M	$210.6M	$194.9M
Gross Profit Margin	80.12%	78.52%	75.83%	74.19%	71.11%	70.74%	68.02%	67.25%	66.27%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$247.0M	$252.9M	$221.9M	$197.9M	$188.2M	$160.0M	$167.9M	$123.3M	$117.1M
YoY Change	-2.3%	13.93%	12.16%	5.12%	17.62%	-4.71%	36.22%	5.24%
% of Gross Profit	50.32%	56.27%	55.0%	56.76%	57.68%	57.07%	74.07%	58.53%	60.1%
Research & Development	$212.6M	$185.9M	$149.3M	$126.1M	$117.5M	$97.59M	$93.20M	$71.33M	$62.78M
YoY Change	14.41%	24.47%	18.44%	7.29%	20.41%	4.71%	30.67%	13.62%
% of Gross Profit	43.32%	41.36%	37.0%	36.17%	36.01%	34.8%	41.1%	33.86%	32.21%
Depreciation & Amortization	$39.12M	$35.50M	$25.64M	$23.81M	$21.52M	$14.73M	$11.75M	$9.980M	$8.378M
YoY Change	10.2%	38.45%	7.72%	10.61%	46.07%	25.43%	17.71%	19.12%
% of Gross Profit	7.97%	7.9%	6.35%	6.83%	6.6%	5.25%	5.18%	4.74%	4.3%
Operating Expenses	$490.7M	$456.3M	$386.1M	$336.9M	$318.1M	$255.8M	$260.0M	$195.2M	$180.0M
YoY Change	7.54%	18.16%	14.62%	5.91%	24.38%	-1.63%	33.2%	8.46%
Operating Profit	$243.0K	-$6.937M	$17.39M	$11.71M	$8.207M	$24.64M	-$33.26M	$15.45M	$14.95M
YoY Change	-103.5%	-139.89%	48.48%	42.72%	-66.7%	-174.1%	-315.3%	3.35%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$6.116M	$4.377M	$12.07M	$11.60M	$6.371M	$200.0K	$2.160M	$2.265M	$2.416M
YoY Change	39.73%	-63.72%	4.03%	82.04%	3085.5%	-90.74%	-4.64%	-6.25%
% of Operating Profit	2516.87%		69.37%	99.02%	77.63%	0.81%		14.66%	16.16%
Other Income/Expense, Net	$18.49M	-$16.90M	-$562.0K	$1.917M	$1.552M	$2.580M	-$994.0K	$520.0K	-$782.0K
YoY Change	-209.43%	2906.94%	-129.32%	23.52%	-39.84%	-359.56%	-291.15%	-166.5%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$12.62M	-$28.21M	-$288.0K	$2.032M	$3.388M	$27.02M	-$36.41M	$13.70M	$11.75M
YoY Change	-144.73%	9696.18%	-114.17%	-40.02%	-87.46%	-174.22%	-365.73%	16.62%
Income Tax	$21.55M	$15.22M	$8.506M	$12.53M	$10.93M	$11.49M	$65.53M	$3.539M	$818.0K
% Of Pretax Income	170.73%			616.73%	322.61%	42.51%		25.83%	6.96%
Net Earnings	-$8.926M	-$43.43M	-$8.794M	-$10.50M	-$7.542M	$15.54M	-$101.9M	$10.16M	$10.93M
YoY Change	-79.45%	393.85%	-16.25%	39.22%	-148.55%	-115.24%	-1103.06%	-7.03%
Net Earnings / Revenue	-1.46%	-7.59%	-1.65%	-2.23%	-1.64%	3.92%	-30.58%	3.24%	3.72%
Basic Earnings Per Share	-$0.11	-$0.55	-$0.12	-$0.14	-$0.11	$0.23	-$1.94	$0.21	$0.23
Diluted Earnings Per Share	-$0.11	-$0.55	-$115.4K	-$0.14	-$0.11	$0.21	-$1.94	$0.18	$0.19

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$467.5M	$316.1M	$413.7M	$241.2M	$223.1M	$35.30M	$39.20M	$16.90M	$13.80M
YoY Change	47.86%	-23.59%	71.54%	8.11%	532.01%	-9.95%	131.95%	22.46%
Cash & Equivalents	$467.5M	$316.1M	$413.7M	$241.2M	$223.1M	$35.30M	$39.20M	$16.90M	$13.80M
Short-Term Investments
Other Short-Term Assets	$20.85M	$22.84M	$25.23M	$21.10M	$17.10M	$17.50M	$10.00M	$7.400M	$7.100M
YoY Change	-8.71%	-9.46%	19.57%	23.39%	-2.29%	75.0%	35.14%	4.23%
Inventory							$2.000M	$1.200M	$2.100M
Prepaid Expenses
Receivables	$195.7M	$176.6M	$139.9M	$117.9M	$105.0M	$96.80M	$86.60M	$70.50M	$66.80M
Other Receivables	$16.65M	$11.26M	$9.388M	$6.700M	$7.200M	$4.400M	$6.100M	$9.100M	$6.100M
Total Short-Term Assets	$700.6M	$526.8M	$588.2M	$386.9M	$352.5M	$154.0M	$143.9M	$105.1M	$95.80M
YoY Change	32.99%	-10.44%	52.03%	9.76%	128.9%	7.02%	36.92%	9.71%
Property, Plant & Equipment	$70.56M	$71.12M	$68.97M	$69.90M	$64.40M	$30.20M	$31.40M	$29.70M	$25.40M
YoY Change	-0.78%	3.11%	-1.33%	8.54%	113.25%	-3.82%	5.72%	16.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$50.63M	$50.14M	$36.85M	$32.50M	$25.50M	$22.60M	$25.40M	$68.20M	$62.00M
YoY Change	0.99%	36.07%	13.38%	27.45%	12.83%	-11.02%	-62.76%	10.0%
Total Long-Term Assets	$662.9M	$677.9M	$575.1M	$443.0M	$390.6M	$333.2M	$144.0M	$145.7M	$126.1M
YoY Change	-2.22%	17.89%	29.81%	13.42%	17.23%	131.39%	-1.17%	15.54%
Total Assets	$1.363B	$1.205B	$1.163B	$829.9M	$743.1M	$487.2M	$287.9M	$250.8M	$221.9M
YoY Change
Accounts Payable	$8.995M	$10.43M	$6.647M	$8.600M	$8.600M	$8.400M	$4.900M	$5.000M	$6.200M
YoY Change	-13.79%	56.97%	-22.71%	0.0%	2.38%	71.43%	-2.0%	-19.35%
Accrued Expenses	$78.15M	$75.31M	$71.73M	$58.50M	$51.60M	$43.40M	$37.60M	$33.80M	$29.00M
YoY Change	3.77%	5.0%	22.61%	13.37%	18.89%	15.43%	11.24%	16.55%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$81.46M	$77.00K	$199.9M	$30.40M	$400.0K	$300.0K	$200.0K	$10.40M	$13.80M
YoY Change	105685.71%	-99.96%	557.57%	7500.0%	33.33%	50.0%	-98.08%	-24.64%
Total Short-Term Liabilities	$324.1M	$232.7M	$474.0M	$200.8M	$152.9M	$127.2M	$197.5M	$158.0M	$150.9M
YoY Change	39.26%	-50.9%	136.04%	31.33%	20.2%	-35.59%	25.0%	4.71%
Long-Term Debt	$225.9M	$305.6M	$146.0K	$188.7M	$178.2M	$31.40M	$200.0K	$74.80M	$69.40M
YoY Change	-26.07%	209228.08%	-99.92%	5.89%	467.52%	15600.0%	-99.73%	7.78%
Other Long-Term Liabilities	$89.25M	$79.87M	$59.78M	$53.10M	$48.70M	$27.20M	$25.70M	$51.20M	$42.50M
YoY Change	11.75%	33.6%	12.58%	9.03%	79.04%	5.84%	-49.8%	20.47%
Total Long-Term Liabilities	$315.2M	$385.5M	$59.93M	$241.8M	$226.9M	$58.60M	$25.90M	$126.0M	$111.9M
YoY Change	-18.24%	543.26%	-75.22%	6.57%	287.2%	126.25%	-79.44%	12.6%
Total Liabilities	$652.2M	$635.0M	$549.3M	$450.5M	$386.1M	$191.2M	$224.9M	$285.4M	$263.9M
YoY Change	2.7%	15.6%	21.93%	16.68%	101.94%	-14.98%	-21.2%	8.15%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding	80.60M	79.47M	76.18M	73.24M	71.54M	67.47M	52.47M	48.85M	46.61M shares
Diluted Shares Outstanding	80.60M	79.47M	76.18M	73.24M	71.54M	74.88M	52.47M	57.86M	58.71M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $9.0133 Billion

About Altair Engineering Inc.

Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. The company is headquartered in Troy, Michigan and currently employs 3,200 full-time employees. The company went IPO on 2017-11-01. The company provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and artificial intelligence (AI). The company operates through two segments: Software and Client Engineering Services. Software segment includes software, software services, and software-related services. The software component of this segment includes its portfolio of software products, including its solvers and optimization technology products, HPC software applications and hardware products, modeling and visualization tools, data analytics and analysis products. Client Engineering Services segment provides client engineering services to support its customers with long-term, ongoing expertise. Its solution, FlightStream, provides computational fluid dynamics (CFD) software with a footprint in the aerospace and defense sectors. The company also offers strategic consulting and training in AI and data analytics.

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