TechTarget Inc (TTGT)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 14,419 | 57,554 | 11,079 | 22,504 | 22,048 |
| Revenue | US$ in thousands | 246,651 | 298,349 | 240,152 | 148,059 | 133,266 |
| Pretax margin | 5.85% | 19.29% | 4.61% | 15.20% | 16.54% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $14,419K ÷ $246,651K
= 5.85%
The pretax margin of Techtarget Inc. has experienced fluctuations over the past five years.
In 2019, the pretax margin was relatively high at 16.46%, indicating that the company was effective in controlling operating expenses and generating profits before accounting for taxes. However, in 2020, there was a slight decrease in the pretax margin to 15.17%, but it still remained at a relatively healthy level.
In 2021, the pretax margin dropped significantly to 4.21%, reflecting a decrease in profitability and potential challenges or increased costs faced by the company during that period. However, the pretax margin rebounded in 2022 to 19.35%, reaching a level even higher than the initial year of analysis in 2019.
By the end of 2023, the pretax margin decreased further to 6.27%, signaling a decline in profitability compared to the previous year. This decrease may raise concerns about the company's ability to effectively manage costs and generate profits before taxes.
Overall, the company's pretax margin has shown variability over the years, with a mix of high and low margins. Further analysis into the factors influencing these fluctuations, such as revenue growth, operating expenses, and economic conditions, would be beneficial in understanding the underlying trends in Techtarget Inc.'s profitability.
Peer comparison
Dec 31, 2023