TechTarget, Inc. Common Stock (TTGT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 58.10% | 57.58% | 58.10% | 59.22% | 62.17% | 65.52% | 69.17% | 71.21% | 72.80% | 73.62% | 73.92% | 73.99% | 73.49% | 72.97% | 73.06% | 72.73% | 73.44% | 74.83% | 74.70% | 75.11% |
| Operating profit margin | -160.46% | -12.20% | -5.53% | -4.54% | -3.13% | -0.99% | 7.66% | 13.81% | 19.27% | 22.04% | 19.98% | 16.68% | 15.01% | 13.04% | 12.13% | 13.84% | 13.22% | 15.38% | 16.12% | 16.73% |
| Pretax margin | -304.91% | -184.08% | -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% |
| Net profit margin | -322.05% | -195.63% | -5.34% | -3.84% | -3.24% | 1.94% | 5.39% | 9.91% | 12.60% | 13.99% | 6.12% | 4.63% | 2.26% | 0.36% | 8.70% | 8.56% | 9.81% | 11.50% | 12.90% | 12.08% |
The profitability ratios of TechTarget, Inc. reflect a trend of declining margins over the examined period from June 2020 through September 2025, with notable fluctuations and deteriorations in profitability levels.
Gross Profit Margin: The gross profit margin remained relatively stable in the early part of the period, predominantly fluctuating within approximately 72% to 75%. Specifically, it started at 75.11% as of June 2020 and gradually declined over time, reaching 65.52% by December 2023. The downward trend continued into 2024 and 2025, with the margin deteriorating to 59.22% as of June 2024 and further down to 58.10% in June 2025. The sustained decline indicates increasing cost pressures relative to revenue or possible changes in product mix and pricing, leading to reduced gross profitability.
Operating Profit Margin: The operating profit margin exhibits more volatility, starting at 16.73% in June 2020 and experiencing slight declines through 2021, with figures hovering around 12% to 13%. Notably, from March 2022 onward, the operating margin demonstrates a sharp decline, turning negative during 2023 and continuing into 2024 and 2025. As of June 2025, the operating margin is deeply negative at approximately -160.46%, signaling severe operational challenges, expense escalations, or strategic shifts resulting in operational losses.
Pre-Tax Margin: The pre-tax margin experienced a similar downward trend, beginning at 16.15% in June 2020 and gradually decreasing, with some fluctuations, into negative territory by 2024 and 2025. The negative pre-tax margins in recent periods (e.g., -184.08% in March 2025 and -304.91% in June 2025) reflect significant deterioration in pre-tax profitability, likely driven by extraordinary expenses, impairments, or non-recurring charges.
Net Profit Margin: The net profit margin followed a comparable decline, starting at 12.08% in June 2020 and peaking at 13.99% in December 2022. Beyond this point, it declines sharply, culminating in a negative net margin of approximately -195.63% in March 2025 and approximately -322.05% in June 2025. These figures indicate cumulative losses far exceeding revenue, suggestive of substantial operational losses, exceptional charges, or write-downs.
Summary: Overall, TechTarget’s profitability ratios depict a concerning trend of shrinking gross margins and increasingly negative operating, pre-tax, and net profit margins over the analyzed period. The transition into negative profitability ratios during 2023 through 2025 signifies material operational and financial distress. The declining gross profit margin suggests challenges in maintaining revenue profitability, while the substantial negative operating margins indicate deteriorating operational efficiency and possible strategic or market difficulties. These trends necessitate careful scrutiny of underlying factors such as cost controls, revenue quality, and strategic initiatives aimed at reversing profitability declines.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -69.53% | -23.56% | -1.65% | -1.20% | -1.03% | 0.64% | 1.93% | 3.61% | 4.83% | 5.44% | 2,369.06% | 1.70% | 0.79% | 0.12% | 3.97% | 3.53% | 3.59% | 3.74% | 7.72% | 7.35% |
| Return on total capital | 0.15% | -0.40% | -4.03% | -4.38% | -4.69% | -1.02% | 6.88% | 15.96% | 24.17% | 28.11% | 26,193.04% | 20.55% | 17.34% | 15.42% | 13.51% | 14.20% | 12.33% | 11.27% | 13.74% | 14.81% |
| Return on equity (ROE) | -99.13% | -33.97% | -4.85% | -3.65% | -3.25% | 2.00% | 6.34% | 13.03% | 17.18% | 19.13% | 8,023.91% | 5.70% | 2.61% | 0.43% | 9.70% | 8.78% | 9.15% | 8.43% | 11.00% | 10.69% |
The profitability ratios of TechTarget, Inc. common stock exhibit significant fluctuations over the analyzed period, reflecting variable operational performance and possible anomalies or data irregularities.
Operating Return on Assets (Operating ROA):
Initially, the Operating ROA showed a declining trend from 10.18% on June 30, 2020, to 5.71% by June 30, 2021, indicating diminishing efficiency in generating operating income from assets. Thereafter, the ratios generally increased, reaching exceptionally high levels of 7,733.50% on September 30, 2022, and 8.57% on December 31, 2022, suggesting extraordinary or possibly anomalous data points. Subsequently, the Operating ROA declined to negative territory, reaching -1.42% on June 30, 2024, and indicating a decline in operational efficiency or profitability.
Return on Assets (ROA):
The ROA followed a similar pattern, starting at 7.35% on June 30, 2020, then fluctuating with a brief dip to 3.74% by December 2020, and generally remaining modest through 2021 and early 2022. A notable outlier occurred on September 30, 2022, with an astronomically high 2,369.06%, which likely signifies data inconsistencies. After this spike, the ROA stabilized at lower levels, approaching zero, and eventually turning negative, with -1.20% on June 30, 2024.
Return on Total Capital:
This ratio experienced a peak of over 26,193.04% on September 30, 2022, which, like previous ratios, likely reflects data irregularities. In the subsequent periods, the ratio displayed a downward trend, crossing into negative territory by early 2024, indicating diminished profitability relative to total capital employed.
Return on Equity (ROE):
ROE displayed considerable volatility, with initial values around 10-11% in 2020 and 2021. An extraordinary spike occurred on September 30, 2022, reaching over 8,023%, again suggesting potential anomalies. After this period, ROE declined sharply, turning negative during 2023 and into 2024, with extreme negative values such as -33.97% on March 31, 2025, and -99.13% on June 30, 2025, indicating severe profitability deterioration for shareholders.
Overall Analysis:
While traditional profitability ratios such as ROA and ROE generally suggest modest to moderate returns in the earlier years, the anomalously high values recorded in late 2022 indicate possible data errors or extraordinary accounting adjustments. The subsequent negative ratios reflect a deterioration in profitability, possibly due to operational challenges, increased costs, or other adverse factors affecting the company's financial performance. The extreme fluctuations underscore the need for careful scrutiny of the underlying data before drawing definitive conclusions about TechTarget’s profitability trajectory, especially regarding the periods with abnormal ratio values.