TechTarget Inc (TTGT)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	14,419	25,960	35,938	50,504	57,554	36,697	25,359	18,676	11,079	26,866	26,496	21,913	22,503	22,016	21,955	20,925	22,048	20,253	16,773	16,687
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
Pretax margin		5.85%	9.92%	13.11%	17.38%	19.29%	13.21%	9.39%	7.31%	4.61%	11.63%	13.39%	12.94%	15.20%	15.95%	16.25%	15.57%	16.54%	15.76%	13.37%	13.65%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $14,419K ÷ $246,651K
= 5.85%

Techtarget Inc.'s pretax margin has shown fluctuations over the past eight quarters. It decreased from 19.35% in Q4 2022 to 6.27% in Q4 2023, which marks a significant drop. However, the pretax margin gradually increased in the subsequent quarters, reaching its peak at 17.63% in Q1 2023. The company experienced a downward trend in Q2 and Q3 2023 with pretax margins of 13.51% and 10.57% respectively. Overall, the average pretax margin for the period is 11.74%, indicating varying levels of profitability before tax expenses. The fluctuations in the pretax margin may suggest changes in revenue and expenses that impact the company's financial performance.