Altair Engineering Inc.(ALTR) Stock Research - Grey Stern Research

Altair Engineering Inc. (ALTR) Stock Analysis

$87.67 (0.57%)

ALTR Financial Performance


Use the table below to view Altair Engineering Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $87.17 -
52 Week Low $57.59 -
52 Week High $101.39 -
Market Cap $7.2 Billion 2/17
Gross Margin 82% 1/17
Profit Margin 10% 5/17
EBITDA margin 21% 6/17
Q1 - 2024 Revenue $172.9 Million 7/17
Q1 - 2024 Earnings $16.5 Million 4/17
Q1 - 2024 Free Cash Flow $70.7 Million 2/17
Trailing 4 Quarters Revenue $619.6 Million 8/17
Trailing 4 Quarters Earnings $9.6 Million 9/17
Quarterly Earnings Growth 945% 2/17
Annual Earnings Growth -72% 15/17
Quarterly Revenue Growth 4% 13/17
Annual Revenue Growth -4% 13/17
Cash On Hand $557.6 Million 1/17
Short Term Debt $89.9 Million 2/17
Long Term Debt $248.7 Million 10/17

Altair Engineering Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Altair Engineering Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 755.52 2/17
PS 11.68 2/17
PB 9.49 3/17
PC 12.98 7/17
Liabilities to Equity 0.81 9/17
ROA 0.01 8/17
ROE 0.01 8/17
Current Ratio 2.24 6/17
Quick Ratio 0.90 5/17
Long Term Debt to Equity 0.33 8/17
Debt to Equity 0.44 8/17
Burn Rate 35.09 3/17
Cash to Cap 0.08 10/17
CCR 4.27 2/17
EV to EBITDA 193.49 5/17
EV to Revenue 11.33 2/17

Company Details

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also offers software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company's customers include universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.

CEO: Mr. James R. Scapa

Website: https://www.altair.com

Address: 1820 E Big Beaver Rd Troy, MICHIGAN

Exchange: NASDAQ Global Select

Industry: Software—Infrastructure

Altair Engineering Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Altair Engineering Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
NetScout Systems, Inc. NTCT $1.4 Billion
A10 Networks, Inc. ATEN $1.1 Billion
CSG Systems International, Inc. CSGS $1.4 Billion
Appian Corporation APPN $2.7 Billion
Five9, Inc. FIVN $3.5 Billion
EVERTEC, Inc. EVTC $2.2 Billion
SPS Commerce, Inc. SPSC $7.7 Billion
i3 Verticals, Inc. IIIV $585.3 Million
DigitalOcean Holdings, Inc. DOCN $2.9 Billion
Global Blue Group Holding AG GB $919.4 Million
EverCommerce Inc. EVCM $2.2 Billion
ForgeRock, Inc. FORG $2.0 Billion
EngageSmart, Inc. ESMT $3.9 Billion
CCC Intelligent Solutions Holdings Inc. CCCS $6.9 Billion
AvidXchange Holdings, Inc. AVDX $2.6 Billion
Consensus Cloud Solutions, Inc. CCSI $433.6 Million
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Income Statement
Balance Sheet
Cash Flow Statement
ALTR Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 172.9 Million $16.5 Million
Q4 2023 $ 171.5 Million $19.7 Million
Q3 2023 $ 134.0 Million -$4.4 Million
Q2 2023 $ 141.2 Million -$22.3 Million
Q1 2023 $ 166.0 Million -$2.0 Million
Q4 2022 $ 160.4 Million $12.1 Million
Q3 2022 $ 119.4 Million -$33.2 Million
Q2 2022 $ 132.7 Million -$33.8 Million

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ALTR Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $557.6 Million $1.4 Billion $338.7 Million $762.9 Million
Q4 2023 $467.5 Million $1.4 Billion $338.8 Million $711.3 Million
Q3 2023 $431.2 Million $1.3 Billion $339.5 Million $634.1 Million
Q2 2023 $418.3 Million $1.3 Billion $337.4 Million $620.2 Million
Q1 2023 $378.4 Million $1.2 Billion $340.0 Million $606.9 Million
Q4 2022 $316.1 Million $1.2 Billion $340.1 Million $569.7 Million
Q3 2022 $311.9 Million $1.1 Billion $338.6 Million $535.5 Million
Q2 2022 $416.1 Million $1.1 Billion $330.4 Million $558.2 Million

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ALTR Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 $70.7 Million -$2.8 Million $90.1 Million
Q4 2023 $19.3 Million -$2.3 Million $36.2 Million
Q3 2023 $19.4 Million $0 $19.4 Million
Q2 2023 $25.6 Million -$4.5 Million $39.9 Million
Q1 2023 $57.5 Million -$1.7 Million $61.9 Million
Q4 2022 $10.1 Million -$2.9 Million $4.6 Million
Q3 2022 $5.2 Million -$3.3 Million -$103.9 Million
Q2 2022 $11.0 Million -$1.3 Million $10.5 Million

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