TechTarget, Inc. Common Stock (TTGT)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,546 | -6,352 | -10,055 | -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 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,056,420 | 1,571,850 | 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 |
| 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% |
June 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,546K ÷ ($—K + $1,056,420K)
= 0.15%
The return on total capital for TechTarget, Inc. demonstrates significant fluctuations over the analyzed period from June 30, 2020, to June 30, 2025. Initially, the figure stood at 14.81% in June 2020, declining progressively through the subsequent quarters to reach a low of 11.27% at the end of December 2020. The return experienced a modest recovery in the first quarter of 2021, rising to 12.33%, before increasing again to 14.20% in June 2021 and slightly declining to 13.51% in September 2021.
A more notable upward trend is observed in late 2021, with the return improving to 15.42% in December 2021, and escalating further to 17.34% by March 2022. The momentum continued into late 2022, culminating in a peak of 26,193.04% in September 2022. This extraordinary spike appears to be an anomaly or data misreporting, as such an extremely high percentage is not typical in financial analysis and likely results from a data error or a coding issue.
Subsequently, the return appears to stabilize post-September 2022, moving to 28.11% at year-end 2022, followed by a decline to 24.17% in March 2023, and further down to 15.96% in June 2023. The downward trend intensifies in the latter half of 2023, reaching 6.88% in September 2023 and turning negative to -1.02% by December 2023. This negative return continues into early 2024, with figures at -4.69% in March 2024, slightly improving to -4.38% in June 2024, and further to -4.03% in September 2024.
The most recent data for March, June, and September 2025 indicates a gradual move toward zero, with return values of -0.40%, 0.15%, respectively. Overall, the data reflects a period of initial growth and profitability, followed by a dramatic and likely erroneous peak, and subsequently a sustained decline into negative territory, suggesting diminished profitability or potential operational or financial difficulties in the more recent periods.
Peer comparison
Jun 30, 2025