TechTarget, Inc. Common Stock (TTGT)
Return on total capital
| 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 interest and tax (EBIT) (ttm) | US$ in thousands | -9,091 | -10,383 | -10,482 | -2,269 | 14,385 | 32,296 | 50,761 | 61,128 | 60,244 | 48,996 | 41,815 | 34,354 | 28,176 | 27,516 | 22,457 | 22,820 | 22,297 | 22,736 | 21,949 | 22,740 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | -3.64% | -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% | 15.10% | 14.87% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-9,091K ÷ ($—K + $249,476K)
= -3.64%
TechTarget, Inc. Common Stock's return on total capital has exhibited fluctuations over the period from December 31, 2019, to September 30, 2024. The return on total capital started at 14.87% at the end of 2019, increased to 15.10% by March 31, 2020, and reached a peak of 28.11% by the end of December 2022. However, the return declined thereafter, dropping to -4.69% by March 31, 2024, and remaining negative at -3.64% by September 30, 2024. These dynamics indicate a mix of strong performance followed by a notable downturn in the company's ability to generate returns on its total capital.
Peer comparison
Sep 30, 2024