TechTarget, Inc. Common Stock (TTGT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -12,523 | -10,206 | -7,028 | -2,269 | 18,820 | 36,731 | 55,196 | 65,563 | 60,244 | 48,996 | 41,815 | 34,354 | 28,176 | 27,516 | 22,457 | 22,820 | 22,296 | 22,735 | 21,948 | 22,739 |
| 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 |
| Operating profit margin | -5.53% | -4.54% | -3.13% | -0.99% | 7.66% | 13.81% | 19.27% | 22.04% | 19.98% | 16.68% | 15.01% | 13.04% | 12.13% | 13.84% | 13.22% | 15.38% | 16.12% | 16.73% | 16.21% | 16.97% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-12,523K ÷ $226,314K
= -5.53%
TechTarget, Inc. Common Stock's operating profit margin has displayed fluctuations over the past few years. It started at a healthy level of 16.97% as of December 31, 2019, showing stable performance in the initial quarters of 2020 and 2021. However, there was a gradual decline in the operating profit margin, dropping to 12.13% by September 30, 2021.
Subsequently, there was a recovery in the operating profit margin, reaching a peak of 22.04% by December 31, 2022. This improvement was followed by a sharp decline, with the operating profit margin plummeting to negative figures, indicating operational challenges. The trend continued in 2024, with the operating profit margin continuing to decline, standing at -5.53% on September 30, 2024.
Overall, the analysis suggests that TechTarget, Inc. Common Stock faced challenges in maintaining profitability, with notable fluctuations in the operating profit margin over the period under review. It is important for stakeholders to closely monitor the company's operations and financial performance to assess its ability to generate profits in the future.
Peer comparison
Sep 30, 2024