Altair Engineering Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Altair Engineering Inc (ALTR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Altair Engineering Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 665M vs 419,780M combined for tracked competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+16.2% annualized vs trailing 12 months), vs accelerating (+9.2%) for its tracked peer group.
- Growth: Altair Engineering Inc generated 12.6% revenue growth year over year in Q4 2024, vs 118.0% for its tracked competitors combined.
- Profitability: Its 0.5% net margin compares with 13.4% for the peer group.
- Peer revenue share: Altair Engineering Inc accounted for 0.2% of combined revenue among its tracked peer group, down from 0.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.14M compares with $2.09M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ALTR Sales vs. its Competitors, Q4 2024
Altair Engineering Inc reported revenue growth of 12.62 % year on year in Q4 2024, below its competitors' combined revenue growth of 118.03 %.
With a net margin of 0.52 %, Altair Engineering Inc reported lower profitability than its competitors (13.42 %).
Altair Engineering Inc generated 0.17 % of the combined sales of its peer group, down from 0.33 % a year earlier.
Altair Engineering Inc vs. its Competitors, Q4 2024
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Altair Engineering Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Altair Engineering Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Altair Engineering Inc's competitor groups requires a Commercial License.
For context: the Software & Programming industry grew revenue 16.4% year over year, combined, vs 12.6% for Altair Engineering Inc. Altair Engineering Inc's share of combined industry revenue moved from 0.06% to 0.06%, a gain of 0.00 percentage points.
Altair Engineering Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Altair Engineering Inc | Yes | Yes | No | No |
| Competitors combined (16) | ||||
| High-Confidence Competitors (4) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) | 33.30 % (2 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ALTR Stock Performance relative to its Competitors
ALTR Stock Performance relative to High-Confidence Competitors
ALTR Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ase Technology Holding Co Ltd | 282.9% | Outperformed |
| 2 | Skywater Technology Inc | 282.9% | Outperformed |
| 3 | Tower Semiconductor Ltd | 282.9% | Outperformed |
| 4 | Kulicke And Soffa Industries Inc | 282.9% | Outperformed |
| 5 | Amkor Technology Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Altair Engineering Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Altair Engineering Inc's Comment on Competition and Industry Peers
We believe the breadth and depth of Altair’s software offering is unique in the PLM industry. We also believe no single competitor addresses our entire solution set. Our integrated suite of software optimizes design performance across multiple disciplines encompassing structures (including crashworthiness and safety), motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, while also providing data analytics and true-to-life visualization and rendering. The HyperWorks Units model further extends this advantage with a growing APA marketplace of third party software.
Our simulation solutions including modeling, visualization and solvers are noted in the market for their ability to handle large and complex models. Our software applications deliver high performance and high scalability, including massive parallelization, which is extremely important in the CAE market. Altair is a leader in integrating optimization technology across all our products including multi-disciplinary applications.
To ensure customer success and deepen our relationships with them, we engage with our customers to provide consulting, implementation services, training, and support, especially when applying optimization. We believe these services, combined with our ability to leverage HPC as the industry transitions to cloud computing, positions us for future success.
We compete on a variety of factors including the breadth, depth, performance, and quality of our technical solutions. We believe our patented units-based subscription licensing model provides us with a competitive advantage by lowering barriers to adoption, creating broad engagement, and encouraging users to work within our ecosystem.
Publicly Traded Peers of Altair Engineering Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Altair Engineering Inc | 9,905.21 | 664.99 |
| Taiwan Semiconductor Manufacturing Company Limited | 2,366,919.24 | 121,423.20 |
| Kla Corporation | 260,647.31 | 13,579.48 |
| Ase Technology Holding Co Ltd | 98,214.26 | 20,573.41 |
| Adobe Inc | 96,774.90 | 25,970.00 |
| Cadence Design Systems Inc | 94,610.31 | 5,528.61 |
| SUBTOTAL | 3,043,133.98 | 420,444.61 |
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Sources: Altair Engineering Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Altair Engineering Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Altair Engineering Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Dassault Systèmes | Named by the company | 85% |
| Alteryx | Named by the company | 85% |
| Siemens | Named by the company | 85% |
| IBM | Named by the company | 85% |
| Ansys | Named by the company | 85% |
| MSC Software (a Hexagon company) | Named by the company | 85% |
| Cadence Design Systems Inc | Named by the company | 85% |
| Aspen Technology inc | Named by the company | 85% |
| Bentley Systems Incorporated | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Altair Engineering Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Altair Engineering Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Kla Corporation | Semiconductor Process Control 90.30 % |
| Adobe Inc | Reportable 100.00 % |
| Cadence Design Systems Inc | Reportable 100.00 % |
| Ansys Inc | Reportable 100.00 % |
| Esco Technologies inc | Aerospace and Defense 49.61 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Altair Engineering Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Altair Engineering Inc | 9,905 | 139,644 | 2,977 |
| Taiwan Semiconductor Manufacturing Company Limited | 2,366,919 | 1,713,299 | 762,463 |
| Kla Corporation | 260,647 | 798,793 | 284,163 |
| Ase Technology Holding Co Ltd | 98,214 | 1,442,938 | 92,106 |
| Adobe Inc | 96,775 | 828,125 | 232,270 |
| Cadence Design Systems Inc | 94,610 | 400,624 | 84,853 |
| PEERS TOTAL | 3,033,229 | 2,085,913 | 343,560 |
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Altair Engineering Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Kla Corporation | Taiwan 25.45 % |
| Adobe Inc | Americas 58.69 % |
| Cadence Design Systems Inc | United States 46.36 % |
| Ansys Inc | United States 43.59 % |
| Aspen Technology inc | Americas 55.75 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Altair Engineering Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 235 companies in Altair Engineering Inc's industry classification, broader than the peer set above. Market cap in millions of $.Altair Engineering Inc ranks #0 of 235 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,635, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Microsoft Corporation | 3,822,644 | 50.05 % |
| 2 | Palantir Technologies Inc | 480,474 | 6.29 % |
| 3 | Oracle Corporation | 400,092 | 5.24 % |
| 4 | Crowdstrike Holdings Inc | 276,523 | 3.62 % |
| 5 | Sap Se | 1,234 | 5.2% |
| 6 | Shopify Inc | 1,234 | 5.2% |
| 7 | Salesforce Inc | 1,234 | 5.2% |
| 8 | Full Truck Alliance Co Ltd | 1,234 | 5.2% |
| 9 | Servicenow Inc | 1,234 | 5.2% |
| 10 | Cloudflare Inc | 1,234 | 5.2% |
| 0 | Altair Engineering Inc | 9,909 | 0.00 % |
Market cap and industry share for the rest of Altair Engineering Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-03-25.
Altair Engineering Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Software & Programming industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (347 companies). See the full Software & Programming industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 81.35 % | 63.85 % (avg) | +17.5 pp |
| Operating Margin | 2.66 % | industry median | +8.7 pp |
| EBITDA Margin | 11.72 % | 2.76 % (avg) | +9.0 pp |
| Capital Intensity (Capex / Revenue) | 2.12 % | 4.77 % (avg) | -2.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Altair Engineering Inc's Valuation vs Competitive Position
Valuation multiples vs the Software & Programming industry average (347 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Software & Programming industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 649.5x | 39.4x | +610.1x |
| EV / EBITDA | 121.7x | 21.7x | +100.0x |
| P/B | 12.0x | 5.4x | +6.7x |
| Return on Equity | 1.75 % | industry aggregate | -17.81 % |
| Return on Invested Capital | 0.92 % | -0.30 % (avg) | 1.22 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Altair Engineering Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -82.52 % | 18.91 % | 15.78 % | 2.40 % | 13.25 % | 7.52 % | 6.94 % | 8.67 % |
| Operating Margin | -9.98 % | 6.22 % | 1.79 % | 2.49 % | 2.32 % | -1.21 % | 0.04 % | 2.66 % |
| Return on Invested Capital | -0.77 % | 5.89 % | 0.94 % | 1.20 % | 1.14 % | -0.47 % | 0.01 % | 0.92 % |
| P/E | - | 165.2x | - | - | - | - | - | 649.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Altair Engineering Inc's Strategic Group Map
Every company in Altair Engineering Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Altair Engineering Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Altair Engineering Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 2,635 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.12 % vs industry average 4.77 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Altair Engineering Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Altair Engineering Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Altair Engineering Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Altair Engineering Inc falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Altair Engineering Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 8.7 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+16.2% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 17.8 points below the industry aggregate.
Opportunities
- Industry revenue growing at a healthy 11.6% median pace.
Threats
- Industry dominated by Microsoft Corporation, holding 50.05 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Altair Engineering Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Altair Engineering Inc | 1.77 | 2.38 | 0.30 |
| Taiwan Semiconductor Manufacturing Company Limited | 1.82 | 2.51 | 0.02 |
| Kla Corporation | 0.46 | 2.80 | 1.08 |
| Ase Technology Holding Co Ltd | 0.37 | 1.26 | 0.11 |
| Adobe Inc | 0.46 | 0.85 | 0.55 |
| Cadence Design Systems Inc | 1.49 | 2.44 | 0.47 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Altair Engineering Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Altair Engineering Inc | Q4 2024 | +12.6 % | -94.9 % |
| Taiwan Semiconductor Manufacturing Company Limited | Q4 2025 | +37.6 % | +53.1 % |
| Kla Corporation | Q2 2026 | +15.2 % | +13.3 % |
| Ase Technology Holding Co Ltd | Q4 2025 | +13.3 % | +27.3 % |
| Adobe Inc | Q3 2026 | +12.9 % | +3.1 % |
| Cadence Design Systems Inc | Q1 2026 | +18.7 % | +22.7 % |
| PEERS TOTAL | +22.8 % | +49.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Altair Engineering Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Altair Engineering Inc | Q4 2024 | +16.2 % | +88.1 % |
| Taiwan Semiconductor Manufacturing Company Limited | Q4 2025 | +25.7 % | +39.1 % |
| Kla Corporation | Q2 2026 | +17.0 % | -11.1 % |
| Ase Technology Holding Co Ltd | Q4 2025 | +11.4 % | +129.4 % |
| Adobe Inc | Q3 2026 | +18.8 % | +18.1 % |
| Cadence Design Systems Inc | Q1 2026 | +31.4 % | +111.7 % |
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Altair Engineering Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Altair Engineering Inc | 1.02% | 1.28% | 1.75% |
| Taiwan Semiconductor Manufacturing Company Limited | 21.37% | 26.29% | 31.41% |
| Kla Corporation | 28.75% | 37.03% | 88.40% |
| Ase Technology Holding Co Ltd | 4.63% | 6.38% | 11.18% |
| Adobe Inc | 24.46% | 39.34% | 62.88% |
| Cadence Design Systems Inc | 11.32% | 14.30% | 21.06% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Altair Engineering Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Altair Engineering Inc | 658.25 | 14.90 |
| Taiwan Semiconductor Manufacturing Company Limited | 85.31 | 19.49 |
| Kla Corporation | 7.23 | 19.19 |
| Ase Technology Holding Co Ltd | 76.99 | 4.77 |
| Adobe Inc | 13.73 | 3.73 |
| Cadence Design Systems Inc | 80.51 | 17.11 |
| PEERS AVERAGE | 44.01 | 7.24 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.