TechTarget Inc (TTGT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -2,269 | 56,693 | 34,354 | 22,821 | 22,739 |
| Revenue | US$ in thousands | 246,651 | 298,349 | 240,152 | 148,059 | 133,266 |
| Operating profit margin | -0.92% | 19.00% | 14.31% | 15.41% | 17.06% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-2,269K ÷ $246,651K
= -0.92%
Techtarget Inc.'s operating profit margin has fluctuated over the past five years. In 2023, the company reported a negative operating profit margin of -0.99%, which indicates that its operating expenses exceeded its operating income. This is a significant decline from the previous year when the operating profit margin was 20.55%. In 2021 and 2020, the operating profit margin was 13.04% and 15.38% respectively, showing a somewhat consistent performance in generating operating income compared to revenue.
However, in 2019, the company achieved the highest operating profit margin of 16.97% in the past five years. This suggests that Techtarget Inc. has experienced some challenges in controlling operating costs in more recent years. Overall, the trend in the operating profit margin indicates variability in the company's ability to generate profits from its core operations over the analyzed period.
Peer comparison
Dec 31, 2023