TechTarget Inc (TTGT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 154,426 | 219,000 | 192,219 | 111,032 | 102,099 |
| Revenue | US$ in thousands | 246,651 | 298,349 | 240,152 | 148,059 | 133,266 |
| Gross profit margin | 62.61% | 73.40% | 80.04% | 74.99% | 76.61% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $154,426K ÷ $246,651K
= 62.61%
Techtarget Inc.'s gross profit margin has experienced a declining trend over the last five years, from 76.22% in 2019 to 68.35% in 2023. This indicates that the company's profitability on sales has decreased over this period, with a significant drop of nearly 6% from 2022 to 2023. The declining gross profit margin may signify challenges in managing production costs, pricing strategies, or competition pressures impacting the company's ability to generate profits from its core operations. Further analysis and investigation into the factors driving this downward trend in gross profit margins would be necessary to understand the company's financial health and performance in more detail.
Peer comparison
Dec 31, 2023