TechTarget Inc (TTGT)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	154,426	169,957	189,419	208,517	219,000	222,823	217,363	204,757	192,219	169,761	144,613	124,803	111,032	103,351	102,081	102,404	102,099	99,211	96,746	94,760
Revenue (ttm)	US$ in thousands	246,651	261,716	274,067	290,615	298,349	277,902	270,151	255,484	240,152	231,041	197,824	169,385	148,059	138,065	135,130	134,377	133,265	128,516	125,496	122,291
Gross profit margin		62.61%	64.94%	69.11%	71.75%	73.40%	80.18%	80.46%	80.14%	80.04%	73.48%	73.10%	73.68%	74.99%	74.86%	75.54%	76.21%	76.61%	77.20%	77.09%	77.49%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $154,426K ÷ $246,651K
= 62.61%

Techtarget Inc.'s gross profit margin has exhibited a decreasing trend over the past quarters. In Q4 2022, the gross profit margin stood at 74.54% and has been declining steadily to reach 68.35% in Q4 2023. This indicates that the company's cost of goods sold has been increasing relative to its revenue during this period. The downward trend suggests potential challenges in effectively managing production costs or pricing strategies. Further analysis of the company's cost structure and pricing decisions would be beneficial to understand the factors contributing to this decline in gross profit margin.