TechTarget, Inc. Common Stock (TTGT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -5,899 | 633 | 3,449 | 14,419 | 25,960 | 35,938 | 50,504 | 57,554 | 36,697 | 25,359 | 18,676 | 11,079 | 26,865 | 26,495 | 21,912 | 22,502 | 22,016 | 21,955 | 20,925 | 22,048 |
| 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 |
| Pretax margin | -2.61% | 0.28% | 1.54% | 6.27% | 10.57% | 13.51% | 17.63% | 19.35% | 12.17% | 8.63% | 6.70% | 4.21% | 11.56% | 13.32% | 12.89% | 15.17% | 15.91% | 16.15% | 15.45% | 16.46% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-5,899K ÷ $226,314K
= -2.61%
The pretax margin of TechTarget, Inc. Common Stock has shown fluctuations over the period from December 31, 2019, to September 30, 2024.
The pretax margin started the period at 16.46% at the end of December 2019 and remained relatively stable around the mid-teen percentages until March 31, 2021. After that, the margin began to decline, reaching a low of 0.28% by June 30, 2024, before entering negative territory at -2.61% by September 30, 2024.
The decreasing trend in the pretax margin indicates that the company's profitability before taxes has been reducing over time, which may raise concerns regarding its cost management, revenue generation, or overall operational efficiency. Further analysis would be needed to understand the specific factors driving these changes in the pretax margin and their implications for the company's financial performance and sustainability.
Peer comparison
Sep 30, 2024