TechTarget, Inc. Common Stock (TTGT)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -521,756 | -33,296 | -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 |
| Total assets | US$ in thousands | 1,506,120 | 2,266,490 | 732,970 | 717,148 | 706,157 | 699,888 | 687,600 | 730,617 | 746,802 | 764,717 | 779 | 799,711 | 799,164 | 789,000 | 509,354 | 482,218 | 464,372 | 456,568 | 231,207 | 223,260 |
| Operating ROA | -34.64% | -1.47% | -1.71% | -1.42% | -1.00% | -0.32% | 2.74% | 5.03% | 7.39% | 8.57% | 7,733.50% | 6.13% | 5.23% | 4.35% | 5.53% | 5.71% | 4.84% | 5.00% | 9.64% | 10.18% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-521,756K ÷ $1,506,120K
= -34.64%
The operating return on assets (ROA) for TechTarget, Inc. exhibits significant fluctuations over the analyzed period, indicating variability in the company's efficiency in generating operating income relative to its assets. Initially, the operating ROA was 10.18% as of June 30, 2020, reflecting a relatively strong ability to produce operating income from its assets. However, this figure declined progressively over subsequent quarters, reaching a low of 4.84% by March 31, 2021, which indicates a deterioration in operating efficiency.
From mid-2021 onward, the operating ROA experienced some periods of recovery, peaking at approximately 8.57% at the end of 2022, suggesting renewed operational effectiveness. Nevertheless, starting in early 2023, the measure declined sharply, with the figure turning negative by the end of December 2023 at -0.32%, and continuing to deteriorate into negative territory, reaching -1.42% by June 30, 2024, and further declining to -34.64% by June 30, 2025.
The dramatic and sustained decline into negative territory, particularly the extreme value noted in June 2025, indicates that the company has faced substantial challenges in generating positive operating income relative to its assets in recent periods. The anomalously high figure of 7,733.50% on September 30, 2022, appears to be an outlier or data anomaly rather than a reflection of actual operational performance. Overall, this trend suggests declining operational efficiency, potential operational difficulties, or atypical circumstances impacting the company's ability to convert assets into operating earnings in recent periods.
Peer comparison
Jun 30, 2025