TechTarget, Inc. Common Stock (TTGT)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 188,902 | 157,142 | 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 |
| Revenue (ttm) | US$ in thousands | 325,160 | 272,909 | 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 |
| Gross profit margin | 58.10% | 57.58% | 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% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $188,902K ÷ $325,160K
= 58.10%
The gross profit margin for TechTarget, Inc. Common Stock demonstrates evident fluctuations over the analyzed period from June 2020 through June 2025. Initially, the gross profit margin was relatively high, maintaining approximately 75.11% in June 2020, and remaining above 74% through December 2020. Throughout 2021, the margin showed slight declines, ending the year at 72.97%. In 2022, the margin fluctuated marginally, reaching nearly 74% in March and June, before declining slightly to approximately 73.62% by the end of the year.
Beginning in 2023, a consistent downward trend emerged, with the gross profit margin decreasing from 72.80% in March to 69.17% in September, and further declining sharply to 65.52% by the end of December 2023. This decline persisted into 2024, with the margin falling to 62.17% in March, 59.22% in June, and 58.10% in September. The margin continued to decrease through 2025, reaching 57.58% in March before exhibiting a slight recovery to 58.10% by June 2025.
Overall, the data indicates a gradual erosion of gross profit margin over the analyzed timeframe, with a pronounced decline starting around late 2023. This trend may reflect factors such as increased costs of goods sold, pricing pressures, shifts in product mix, or increased competition impacting profitability ratios. The consistent downward trajectory warrants further analysis into underlying operational or market factors influencing gross margins.
Peer comparison
Jun 30, 2025