TechTarget, Inc. Common Stock (TTGT)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -12,093 | -8,635 | -7,272 | 4,461 | 13,251 | 26,350 | 36,090 | 41,609 | 18,455 | 13,598 | 6,303 | 949 | 20,220 | 17,018 | 16,671 | 17,068 | 17,845 | 16,414 | 15,792 | 16,875 |
| Total stockholders’ equity | US$ in thousands | 249,476 | 236,810 | 223,494 | 222,927 | 209,008 | 202,297 | 210,022 | 217,474 | 230 | 238,402 | 241,196 | 222,757 | 208,521 | 193,832 | 182,138 | 202,506 | 162,256 | 153,546 | 145,375 | 152,951 |
| ROE | -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% | 10.86% | 11.03% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-12,093K ÷ $249,476K
= -4.85%
Based on the provided data, TechTarget, Inc.'s return on equity (ROE) has demonstrated fluctuations over the periods under review.
The company's ROE was relatively stable in 2019 and 2020, ranging between 10.69% and 11.03%. However, there was a noticeable decline in ROE towards the end of 2020, dropping to 8.43%. The trend continued into 2021, with ROE hovering at lower levels between 8.78% and 9.70%.
A significant anomaly occurred in the third quarter of 2022, where the ROE spiked to an astonishing 8,023.91%. This aberrant figure may result from exceptional circumstances or anomalies in the financial data.
Following this outlier, the ROE gradually decreased throughout the subsequent quarters, registering values of 19.13%, 17.18%, and 13.03% by the end of June 2023.
However, the return on equity experienced a significant decline in the last quarters of 2023 and into 2024, turning negative with figures of 2.00%, -3.25%, -3.65%, and -4.85% for the respective periods.
Overall, TechTarget, Inc.'s ROE showcases various fluctuations, with periods of stability followed by significant anomalies and a subsequent decline in performance, reflecting the company's changing profitability and efficiency in generating returns for its shareholders.
Peer comparison
Sep 30, 2024