TechTarget, Inc. Common Stock (TTGT)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 131,493 | 133,220 | 139,552 | 150,676 | 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 |
| Revenue (ttm) | US$ in thousands | 226,314 | 224,970 | 224,485 | 229,963 | 245,706 | 265,990 | 286,437 | 297,488 | 301,449 | 293,788 | 278,623 | 263,427 | 232,352 | 198,845 | 169,930 | 148,377 | 138,346 | 135,911 | 135,401 | 133,957 |
| Gross profit margin | 58.10% | 59.22% | 62.17% | 65.52% | 69.17% | 71.21% | 72.80% | 73.62% | 73.92% | 73.99% | 73.49% | 72.97% | 73.06% | 72.73% | 73.44% | 74.83% | 74.70% | 75.11% | 75.63% | 76.22% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $131,493K ÷ $226,314K
= 58.10%
TechTarget, Inc. Common Stock's gross profit margin has shown a gradual decline over the past few years, starting at a robust 76.22% as of December 31, 2019. The margin remained relatively high in the following quarters, hovering above 75% until March 31, 2021. However, from that point onwards, there was a more noticeable downward trend, with the margin decreasing to 59.22% as of June 30, 2024.
This decline in gross profit margin could be indicative of several factors such as an increase in the cost of goods sold, pricing pressures, or inefficiencies in production and operations. It is essential for the company to closely monitor and address these issues to improve its profitability and ensure sustainable growth in the future.
Peer comparison
Sep 30, 2024