• Altair Engineering average return on tangible equity for 2023 was -82.58, a 105.68% decline from 2022.
• Altair Engineering average return on tangible equity for 2022 was -40.15, a 409.52% increase from 2021.
• Altair Engineering average return on tangible equity for 2021 was -7.88, a 70.49% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.