TechTarget Inc (TTGT)

Operating 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
Operating income (ttm)	US$ in thousands	-2,269	9,950	27,861	46,326	56,693	60,244	48,996	41,815	34,354	28,176	27,516	22,457	22,820	22,297	22,736	21,949	22,740	21,624	18,097	18,402
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
Operating profit margin		-0.92%	3.80%	10.17%	15.94%	19.00%	21.68%	18.14%	16.37%	14.31%	12.20%	13.91%	13.26%	15.41%	16.15%	16.83%	16.33%	17.06%	16.83%	14.42%	15.05%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-2,269K ÷ $246,651K
= -0.92%

Techtarget Inc.'s operating profit margin has shown some variability over the past eight quarters. In Q4 2023, the company's operating profit margin was negative at -0.99%, which indicates that operating expenses exceeded gross profit during that period. However, the margin improved in the preceding quarters, reaching 5.85% in Q3 2023, 12.14% in Q2 2023, and 17.72% in Q1 2023.

Comparing the latest quarter with the same quarter the previous year, there was a notable decline in the operating profit margin from 20.55% in Q4 2022 to -0.99% in Q4 2023. Despite this decline, the company did show strong performance earlier in the year, with margins ranging from 12.14% to 17.72%.

Looking at a year-over-year trend, Techtarget Inc.'s operating profit margin has been somewhat volatile, with fluctuations between 15.01% and 20.55% in the first three quarters of 2022. However, there has been a general downward trend from Q1 2022 to Q4 2023.

Overall, Techtarget Inc.'s operating profit margin has shown both positive and negative trends over the past year, with some quarters outperforming others. It will be important for the company to closely monitor and manage its operating expenses to improve profitability in the upcoming quarters.