TechTarget, Inc. Common Stock (TTGT)
Financial leverage ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,506,120 | 2,266,490 | 732,970 | 717,148 | 706,157 | 699,888 | 687,600 | 730,617 | 746,802 | 764,717 | 779 | 799,711 | 799,164 | 789,000 | 509,354 | 482,218 | 464,372 | 456,568 | 231,207 | 223,260 |
| 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 |
| Financial leverage ratio | 1.43 | 1.44 | 2.94 | 3.03 | 3.16 | 3.14 | 3.29 | 3.61 | 3.56 | 3.52 | 3.39 | 3.35 | 3.31 | 3.54 | 2.44 | 2.49 | 2.55 | 2.25 | 1.42 | 1.45 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,506,120K ÷ $1,056,420K
= 1.43
The financial leverage ratio of TechTarget, Inc. Common Stock exhibited notable fluctuations over the analyzed period, reflecting varying levels of financial leverage employed by the company. Initially, at June 30, 2020, the ratio was 1.45, indicating a relatively modest leverage position. This ratio slightly decreased to 1.42 by September 30, 2020, suggesting a marginal reduction in leverage.
Subsequently, the ratio increased significantly, reaching 2.25 by December 31, 2020, and continuing upward to 2.55 by March 31, 2021. This upward trend persisted through 2021, with the ratio ascending to 2.49 at June 30, 2021, and maintaining a level of approximately 2.44 by September 30, 2021. The most substantial increase occurred in the year-end period, with the ratio rising to 3.54 at December 31, 2021.
Throughout 2022, the leverage ratio stabilized around the mid-3 range, recorded at 3.31 at March 31, 2022, and slightly increasing to 3.35 at June 30, 2022, then marginally to 3.39 by September 30, 2022, and reaching 3.52 at December 31, 2022. These figures indicate a relatively steady leverage level during this period.
In the subsequent period, the leverage ratio remained elevated, measuring 3.56 at March 31, 2023, and slightly rising to 3.61 by June 30, 2023. A slight decrease was observed in the following quarter, with the ratio at 3.29 on September 30, 2023, decreasing further to 3.14 by December 31, 2023. During the first half of 2024, the ratio declined to 3.16 in March and further to 3.03 in June. A downward trend continued into the third quarter of 2024, with the ratio reaching 2.94.
By March 2025, the leverage ratio dramatically decreased to 1.44, and it remained nearly constant at 1.43 at June 30, 2025, indicating a significant reduction in leverage compared to prior periods.
Overall, the pattern reflects an initial period of low leverage, followed by a marked increase and stabilization at elevated levels through 2022 and 2023. Starting in late 2023, the ratio began a steady decline, culminating in a strong reduction by the first half of 2025, approaching levels comparable to those observed at the beginning of the period. This trend suggests a strategic shift towards deleveraging in recent periods.
Peer comparison
Jun 30, 2025