TechTarget, Inc. (TTGT) 10-Year Financial Performance & Capital Metrics

TTGT • • Industrial / General

Communication ServicesInternet ServicesDigital Advertising & Marketing TechnologyAdvertising Technology Platforms

AboutTechTarget, Inc., together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation. The company offers online services, including IT Deal Alert, including priority engine, qualified sales opportunities, deal data services; demand solutions, such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships; brand solutions comprise on-network, off-network, and microsites and related formats branding; custom content creation services; and BrightTALK platform that allows customers to create, host and promote webinars, virtual events, and video content. It also operates an integrated content platform that consists of a network of approximately 150 websites, and 1,080 webinars and virtual event channels that focus on a specific IT sector, such as storage, security, or networking. In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through its virtual event and webinar channels, and website networks. TechTarget, Inc. was incorporated in 1999 and is headquartered in Newton, Massachusetts.Show more

Revenue $285M +13.0%
EBITDA -$69M -2935.9%
Net Income -$117M -102.3%
EPS (Diluted) -4.05 -2631.3%
Gross Margin 62.35% +2.6%
EBITDA Margin -24.18% -2586.5%
Operating Margin -41.81% -132.3%
Net Margin -41.02% -79.0%
ROE -13.02% +50.4%
ROIC -8.27% +5.1%
Debt/Equity 0.28 -85.7%
Interest Coverage -6.71 -264.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 16.3%
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y10.37%

5Y16.29%

3Y2.65%

TTM38.55%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1572.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM-4101.83%

ROCE

10Y Avg3.72%

5Y Avg-0.93%

3Y Avg-6.04%

Latest-9.95%

Peer Comparison

Advertising Technology Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PERIPerion Network Ltd.	392.21M	9.59	38.36	-32.95%	-2.53%	-1.6%	0.02%	0.03
CMCMCheetah Mobile Inc.	72.02M	6.95	-0.01	20.52%	-40.21%	-19.85%		0.03
TTGTTechTarget, Inc.	378.83M	5.25	-1.30	13.01%	-320.54%	-176.32%		0.28
ONFOOnfolio Holdings, Inc.	3.76M	0.73	-1.79	50.04%	-17.18%	-51.71%		0.60
THRYThryv Holdings, Inc.	233.57M	5.36	-2.68	-10.12%	3.78%	13.34%	24.08%	1.50
IZEAIZEA Worldwide, Inc.	71.59M	4.18	-3.80	-0.92%	-9.44%	-6.84%		0.00
TBLATaboola.com Ltd.	1.08B	4.20	-385.32	-53.83%	1.34%	2.77%	13.76%	0.17

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	111.83M	106.63M	108.56M	121.33M	133.96M	148.38M	263.43M	197.09M	252.1M	284.9M
Revenue Growth %	0.05%	-0.05%	0.02%	0.12%	0.1%	0.11%	0.78%	-0.25%	0.28%	0.13%
Cost of Goods Sold+	29.9M	30.22M	28.34M	28.96M	31.86M	37.34M	71.21M	72.31M	98.83M	107.26M
COGS % of Revenue	0.27%	0.28%	0.26%	0.24%	0.24%	0.25%	0.27%	0.37%	0.39%	0.38%
Gross Profit+	81.92M	76.41M	80.22M	92.37M	102.1M	111.03M	192.22M	124.79M	153.28M	177.64M
Gross Margin %	0.73%	0.72%	0.74%	0.76%	0.76%	0.75%	0.73%	0.63%	0.61%	0.62%
Gross Profit Growth %	0.05%	-0.07%	0.05%	0.15%	0.11%	0.09%	0.73%	-0.35%	0.23%	0.16%
Operating Expenses+	69.75M	69.62M	69.81M	75.75M	79.36M	88.21M	157.87M	135.89M	198.64M	296.75M
OpEx % of Revenue	0.62%	0.65%	0.64%	0.62%	0.59%	0.59%	0.6%	0.69%	0.79%	1.04%
Selling, General & Admin	56.71M	56.69M	56.96M	62.34M	66.55M	74.44M	130.73M	87.81M	122.19M	141.62M
SG&A % of Revenue	0.51%	0.53%	0.52%	0.51%	0.5%	0.5%	0.5%	0.45%	0.48%	0.5%
Research & Development	7.68M	8.04M	8.21M	8.87M	8.11M	7.83M	11.64M	7.94M	11.06M	11.42M
R&D % of Revenue	0.07%	0.08%	0.08%	0.07%	0.06%	0.05%	0.04%	0.04%	0.04%	0.04%
Other Operating Expenses	5.36M	4.89M	4.64M	4.55M	4.7M	5.95M	15.49M	40.13M	65.39M	143.71M
Operating Income+	12.17M	6.79M	10.41M	16.62M	22.74M	22.82M	34.35M	-11.1M	-45.37M	-119.11M
Operating Margin %	0.11%	0.06%	0.1%	0.14%	0.17%	0.15%	0.13%	-0.06%	-0.18%	-0.42%
Operating Income Growth %	0.63%	-0.44%	0.53%	0.6%	0.37%	0%	0.51%	-1.32%	-3.09%	-1.63%
EBITDA+	17.53M	11.68M	15.05M	21.17M	27.74M	29.76M	54.8M	11.06M	-2.27M	-68.89M
EBITDA Margin %	0.16%	0.11%	0.14%	0.17%	0.21%	0.2%	0.21%	0.06%	-0.01%	-0.24%
EBITDA Growth %	0.32%	-0.33%	0.29%	0.41%	0.31%	0.07%	0.84%	-0.8%	-1.21%	-29.36%
D&A (Non-Cash Add-back)	5.36M	4.89M	4.64M	4.55M	5M	6.94M	20.45M	22.16M	43.1M	50.22M
EBIT	12.17M	6.79M	10.41M	16.62M	22.74M	22.82M	34.35M	-10.38M	-42.76M	-111.66M
Net Interest Income+	-249K	-1.77M	-693K	-1.78M	-691K	-317K	-23.27M	861K	-21.16M	-13.6M
Interest Income	0	0	0	0	0	0	0	861K	3.49M	4.14M
Interest Expense	249K	1.77M	693K	1.78M	691K	317K	23.27M	0	24.65M	17.74M
Other Income/Expense	-249K	-1.77M	-693K	-1.78M	-691K	-317K	-23.27M	-10.04M	-22.04M	-10.29M
Pretax Income+	11.92M	5.02M	9.72M	14.84M	22.05M	22.5M	11.08M	-21.14M	-67.4M	-129.4M
Pretax Margin %	0.11%	0.05%	0.09%	0.12%	0.16%	0.15%	0.04%	-0.11%	-0.27%	-0.45%
Income Tax+	4.74M	2.6M	2.91M	1.89M	5.17M	5.44M	10.13M	-16.86M	-9.63M	-12.54M
Effective Tax Rate %	0.6%	0.48%	0.7%	0.87%	0.77%	0.76%	0.09%	0.2%	0.86%	0.9%
Net Income+	7.19M	2.42M	6.8M	12.96M	16.88M	17.07M	949K	-4.29M	-57.78M	-116.86M
Net Margin %	0.06%	0.02%	0.06%	0.11%	0.13%	0.12%	0%	-0.02%	-0.23%	-0.41%
Net Income Growth %	0.76%	-0.66%	1.81%	0.9%	0.3%	0.01%	-0.94%	-5.52%	-12.48%	-1.02%
Net Income (Continuing)	7.19M	2.42M	6.8M	12.96M	16.88M	17.07M	949K	-4.29M	-57.78M	-116.86M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.21	0.08	0.24	0.45	0.60	0.61	0.03	1.30	0.16	-4.05
EPS Growth %	0.75%	-0.62%	2%	0.88%	0.33%	0.02%	-0.95%	39.37%	-0.88%	-26.31%
EPS (Basic)	0.22	0.08	0.25	0.47	0.61	0.61	0.03	1.41	0.06	-4.05
Diluted Shares Outstanding	34.48M	30.77M	28.27M	28.65M	28.31M	28.67M	29.47M	34.07M	28.49M	28.87M
Basic Shares Outstanding	32.96M	29.95M	27.55M	27.74M	27.87M	27.86M	28.43M	29.59M	28.49M	28.87M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	61.79M	57.94M	67.61M	70.12M	87.43M	127.76M	438.11M	430.84M	371.47M	455.62M
Cash & Short-Term Investments	25.43M	29.47M	33.62M	35.17M	57.5M	82.7M	381.7M	364.73M	326.27M	353.69M
Cash Only	14.78M	18.48M	25.97M	34.67M	52.49M	82.62M	361.62M	344.52M	226.67M	275.98M
Short-Term Investments	10.65M	10.99M	7.65M	500K	5.01M	84K	20.08M	20.21M	99.6M	77.7M
Accounts Receivable	26.55M	22.55M	29.6M	30.04M	27.1M	40.18M	51.09M	60.36M	39.24M	81.94M
Days Sales Outstanding	86.66	77.2	99.53	90.37	73.85	98.85	70.8	111.78	56.81	104.98
Inventory	0	0	0	1K	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	0.01	-	-	-	-	-	-
Other Current Assets	4.51M	5.91M	4.39M	3.07M	1.81M	4.08M	5.27M	5.75M	4.33M	13.55M
Total Non-Current Assets+	116.07M	112.14M	105.56M	106.34M	134.18M	328.81M	350.89M	333.88M	328.42M	1.81B
Property, Plant & Equipment	8.92M	9.23M	9.79M	10.9M	38.76M	39.69M	42.06M	42.55M	42.08M	20.53M
Fixed Asset Turnover	12.53x	11.55x	11.09x	11.13x	3.46x	3.74x	6.26x	4.63x	5.99x	13.88x
Goodwill	93.7M	93.47M	93.79M	93.69M	93.64M	179.12M	197.07M	192.23M	194.07M	973.4M
Intangible Assets	1.45M	601K	506K	849K	710K	108.87M	110.39M	95.52M	89.16M	808.73M
Long-Term Investments	9.26M	7.8M	496K	0	0	0	0	0	282.95M	0
Other Non-Current Assets	840K	898K	882K	853K	936K	907K	893K	645K	-282.3M	3.12M
Total Assets+	177.86M	170.08M	173.17M	176.46M	221.61M	456.57M	789M	764.72M	699.89M	2.27B
Asset Turnover	0.63x	0.63x	0.63x	0.69x	0.60x	0.32x	0.33x	0.26x	0.36x	0.13x
Asset Growth %	0%	-0.04%	0.02%	0.02%	0.26%	1.06%	0.73%	-0.03%	-0.08%	2.24%
Total Current Liabilities+	15.03M	17.95M	23.99M	14.55M	16.4M	46.42M	70M	57.89M	36.99M	535.26M
Accounts Payable	1.81M	2.1M	1.54M	1.87M	2.04M	4.3M	3.78M	3.3M	5.31M	10.64M
Days Payables Outstanding	22.06	25.37	19.86	23.58	23.33	42.06	19.39	16.65	19.62	36.21
Short-Term Debt	0	6.16M	9.89M	1.24M	1.24M	0	0	0	0	415.69M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.44M	2.79M	3.34M	3.26M	3.68M	5.79M	14.54M	4.64M	9.04M	18.09M
Current Ratio	4.11x	3.23x	2.82x	4.82x	5.33x	2.75x	6.26x	7.44x	10.04x	0.85x
Quick Ratio	4.11x	3.23x	2.82x	4.82x	5.33x	2.75x	6.26x	7.44x	10.04x	0.85x
Cash Conversion Cycle	-	-	-	66.8	-	-	-	-	-	-
Total Non-Current Liabilities+	2.83M	34.57M	28.44M	29.32M	52.25M	207.64M	496.24M	489.36M	439.97M	159.38M
Long-Term Debt	0	32.29M	22.34M	23.71M	22.47M	153.88M	453.19M	455.69M	410.5M	0
Capital Lease Obligations	0	0	0	0	28.17M	26.94M	24.02M	20.37M	16.61M	15.11M
Deferred Tax Liabilities	582K	200K	838K	662K	1.61M	23.85M	16.25M	13.29M	12.86M	139.36M
Other Non-Current Liabilities	2.25M	2.08M	5.26M	4.95M	0	2.97M	2.78M	0	0	4.91M
Total Liabilities	17.86M	52.51M	52.42M	43.88M	68.66M	254.06M	566.24M	547.24M	476.96M	694.63M
Total Debt+	0	38.44M	32.23M	24.95M	54.45M	184.44M	481.29M	480.16M	431.16M	435.98M
Net Debt	-14.78M	19.96M	6.26M	-9.72M	1.97M	101.82M	119.67M	135.64M	204.5M	160M
Debt / Equity	-	0.33x	0.27x	0.19x	0.36x	0.91x	2.16x	2.21x	1.93x	0.28x
Debt / EBITDA	-	3.29x	2.14x	1.18x	1.96x	6.20x	8.78x	43.39x	-	-
Net Debt / EBITDA	-0.84x	1.71x	0.42x	-0.46x	0.07x	3.42x	2.18x	12.26x	-	-
Interest Coverage	48.88x	3.83x	15.02x	9.35x	32.91x	71.99x	1.48x	-	-1.84x	-6.71x
Total Equity+	160M	117.56M	120.75M	132.59M	152.95M	202.51M	222.76M	217.47M	222.93M	1.57B
Equity Growth %	0.03%	-0.27%	0.03%	0.1%	0.15%	0.32%	0.1%	-0.02%	0.03%	6.05%
Book Value per Share	4.64	3.82	4.27	4.63	5.40	7.06	7.56	6.38	7.82	54.45
Total Shareholders' Equity	160M	117.56M	120.75M	132.59M	152.95M	202.51M	222.76M	217.47M	222.93M	1.57B
Common Stock	51K	52K	53K	54K	55K	56K	57K	58K	59K	71K
Retained Earnings	-18.78M	-16.36M	-9.32M	3.64M	20.51M	37.58M	38.76M	80.37M	84.83M	-75.94M
Treasury Stock	-113.95M	-162.73M	-170.82M	-177.91M	-184.97M	-199.8M	-199.8M	-278.88M	-329.12M	0
Accumulated OCI	-322K	-248K	65K	-215K	-319K	1.61M	298K	-9.54M	-4.54M	20.93M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	11.26M	18.16M	18.65M	23.88M	39.45M	52.45M	35.21M	28.06M	72.49M	-64.85M
Operating CF Margin %	0.1%	0.17%	0.17%	0.2%	0.29%	0.35%	0.13%	0.14%	0.29%	-0.23%
Operating CF Growth %	-0.38%	0.61%	0.03%	0.28%	0.65%	0.33%	-0.33%	-0.2%	1.58%	-1.89%
Net Income	7.19M	2.42M	6.8M	12.96M	16.88M	17.07M	17.94M	-4.29M	4.46M	-116.86M
Depreciation & Amortization	5.36M	4.89M	4.64M	4.55M	5M	6.94M	8.7M	22.16M	21.13M	50.22M
Stock-Based Compensation	6.62M	6.85M	6.91M	9.11M	14.22M	16.81M	542K	914K	47.65M	2.4M
Deferred Taxes	1.75M	1.13M	895K	-137K	-1.1M	-203K	-2.67M	-21.11M	-711K	-16.31M
Other Non-Cash Items	-2.16M	1.08M	1.18M	1.36M	348K	265K	1.16M	9.11M	-612K	44.65M
Working Capital Changes	-7.5M	1.79M	-1.77M	-3.96M	4.11M	11.58M	9.54M	21.27M	570K	-28.95M
Change in Receivables	-4.18M	3.11M	-7.86M	-1.55M	2.6M	97K	11.7M	61K	19.21M	-2.48M
Change in Inventory	-2.08M	-136K	4.7M	-1.05M	2.48M	0	0	0	0	0
Change in Payables	-921K	299K	-810K	332K	164K	1.22M	1.48M	2.65M	2M	-2.65M
Cash from Investing+	-4.93M	-3.62M	6.26M	1.69M	-10.85M	-175.75M	-57.46M	-354.7M	-93.02M	-79.36M
Capital Expenditures	-3.7M	-4.41M	-4.14M	-5.54M	-6.33M	-6.66M	-302K	-413K	-14.63M	-420K
CapEx % of Revenue	0.03%	0.04%	0.04%	0.05%	0.05%	0.04%	0%	0%	0.06%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.7M	-4.41M	-4.14M	1.69M	-10.85M	0	-361K	-2.95M	-78.39M	-6.34M
Cash from Financing+	-10.8M	-10.93M	-17.39M	-16.78M	-10.72M	153.37M	23.21M	330.31M	-98.14M	409.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.51M	-898K	-3.05M	-2.15M	-2.4M	-3M	-33.48M	123.41M	-5.58M	58.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	7.56M	13.75M	14.51M	18.34M	33.11M	45.79M	34.55M	24.7M	57.85M	-71.61M
FCF Margin %	0.07%	0.13%	0.13%	0.15%	0.25%	0.31%	0.13%	0.13%	0.23%	-0.25%
FCF Growth %	-0.47%	0.82%	0.06%	0.26%	0.81%	0.38%	-0.25%	-0.29%	1.34%	-2.24%
FCF per Share	0.22	0.45	0.51	0.64	1.17	1.60	1.17	0.72	2.03	-2.48
FCF Conversion (FCF/Net Income)	1.57x	7.51x	2.74x	1.84x	2.34x	3.07x	37.10x	-6.55x	-1.25x	0.55x
Interest Paid	0	892K	0	0	0	0	201K	80K	25.19M	19.01M
Taxes Paid	5.37M	711K	0	2.63M	3.58M	4.91M	4.25M	4.29M	3.17M	1.63M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.55%	1.74%	5.71%	10.23%	11.82%	9.6%	0.45%	-1.95%	-26.24%	-13.02%
Return on Invested Capital (ROIC)	6.48%	3.6%	5.9%	9.98%	12.28%	7.45%	7.97%	-2.39%	-8.72%	-8.27%
Gross Margin	73.26%	71.66%	73.9%	76.13%	76.22%	74.83%	72.97%	63.31%	60.8%	62.35%
Net Margin	6.43%	2.27%	6.27%	10.68%	12.6%	11.5%	0.36%	-2.17%	-22.92%	-41.02%
Debt / Equity	-	0.33x	0.27x	0.19x	0.36x	0.91x	2.16x	2.21x	1.93x	0.28x
Interest Coverage	48.88x	3.83x	15.02x	9.35x	32.91x	71.99x	1.48x	-	-1.84x	-6.71x
FCF Conversion	1.57x	7.51x	2.74x	1.84x	2.34x	3.07x	37.10x	-6.55x	-1.25x	0.55x
Revenue Growth	5.29%	-4.65%	1.81%	11.77%	10.4%	10.76%	77.54%	-25.18%	27.91%	13.01%

Revenue by Segment

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2024
Advisory Services	-	-	-	-	-	-	-	-	-	34.64M
Advisory Services Growth	-	-	-	-	-	-	-	-	-	-
Technology Service	-	-	-	-	-	-	121.33M	-	-	-
Technology Service Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2024
North America	-	-	83.21M	-	-	-	82.66M	-	-	200.85M
North America Growth	-	-	-	-	-	-	-	-	-	-
Rest Of World	-	-	-	-	-	-	-	-	-	67.44M
Rest Of World Growth	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	-	-	85.28M	79.53M	77.98M	-	99.67M	103.8M	-
UNITED STATES Growth	-	-	-	-	-6.74%	-1.95%	-	-	4.14%	-
Non Us	-	-	-	-	-	-	-	20.18M	26.17M	-
Non Us Growth	-	-	-	-	-	-	-	-	29.68%	-
International Excluding North America	-	-	-	-	-	-	38.67M	-	-	-
International Excluding North America Growth	-	-	-	-	-	-	-	-	-	-
U S	-	65.39M	-	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-	-	-
International	14.59M	-	-	-	-	-	-	-	-	-
International Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

TechTarget, Inc. (TTGT) reported $328.9M in revenue for fiscal year 2024. This represents a 212% increase from $105.5M in 2011.

TechTarget, Inc. (TTGT) grew revenue by 13.0% over the past year. This is steady growth.

TechTarget, Inc. (TTGT) reported a net loss of $1.05B for fiscal year 2024.

Dividend & Returns

TechTarget, Inc. (TTGT) has a return on equity (ROE) of -13.0%. Negative ROE indicates the company is unprofitable.

TechTarget, Inc. (TTGT) had negative free cash flow of $34.9M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

...

TechTarget, Inc. (TTGT) 10-Year Financial Performance & Capital Metrics

TTGT • • Industrial / General

Communication ServicesInternet ServicesDigital Advertising & Marketing TechnologyAdvertising Technology Platforms

Revenue $285M +13.0%
EBITDA -$69M -2935.9%
Net Income -$117M -102.3%
EPS (Diluted) -4.05 -2631.3%
Gross Margin 62.35% +2.6%
EBITDA Margin -24.18% -2586.5%
Operating Margin -41.81% -132.3%
Net Margin -41.02% -79.0%
ROE -13.02% +50.4%
ROIC -8.27% +5.1%
Debt/Equity 0.28 -85.7%
Interest Coverage -6.71 -264.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 16.3%
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y10.37%

5Y16.29%

3Y2.65%

TTM38.55%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1572.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM-4101.83%

ROCE

10Y Avg3.72%

5Y Avg-0.93%

3Y Avg-6.04%

Latest-9.95%

Peer Comparison

Advertising Technology Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PERIPerion Network Ltd.	392.21M	9.59	38.36	-32.95%	-2.53%	-1.6%	0.02%	0.03
CMCMCheetah Mobile Inc.	72.02M	6.95	-0.01	20.52%	-40.21%	-19.85%		0.03
TTGTTechTarget, Inc.	378.83M	5.25	-1.30	13.01%	-320.54%	-176.32%		0.28
ONFOOnfolio Holdings, Inc.	3.76M	0.73	-1.79	50.04%	-17.18%	-51.71%		0.60
THRYThryv Holdings, Inc.	233.57M	5.36	-2.68	-10.12%	3.78%	13.34%	24.08%	1.50
IZEAIZEA Worldwide, Inc.	71.59M	4.18	-3.80	-0.92%	-9.44%	-6.84%		0.00
TBLATaboola.com Ltd.	1.08B	4.20	-385.32	-53.83%	1.34%	2.77%	13.76%	0.17

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	111.83M	106.63M	108.56M	121.33M	133.96M	148.38M	263.43M	197.09M	252.1M	284.9M
Revenue Growth %	0.05%	-0.05%	0.02%	0.12%	0.1%	0.11%	0.78%	-0.25%	0.28%	0.13%
Cost of Goods Sold+	29.9M	30.22M	28.34M	28.96M	31.86M	37.34M	71.21M	72.31M	98.83M	107.26M
COGS % of Revenue	0.27%	0.28%	0.26%	0.24%	0.24%	0.25%	0.27%	0.37%	0.39%	0.38%
Gross Profit+	81.92M	76.41M	80.22M	92.37M	102.1M	111.03M	192.22M	124.79M	153.28M	177.64M
Gross Margin %	0.73%	0.72%	0.74%	0.76%	0.76%	0.75%	0.73%	0.63%	0.61%	0.62%
Gross Profit Growth %	0.05%	-0.07%	0.05%	0.15%	0.11%	0.09%	0.73%	-0.35%	0.23%	0.16%
Operating Expenses+	69.75M	69.62M	69.81M	75.75M	79.36M	88.21M	157.87M	135.89M	198.64M	296.75M
OpEx % of Revenue	0.62%	0.65%	0.64%	0.62%	0.59%	0.59%	0.6%	0.69%	0.79%	1.04%
Selling, General & Admin	56.71M	56.69M	56.96M	62.34M	66.55M	74.44M	130.73M	87.81M	122.19M	141.62M
SG&A % of Revenue	0.51%	0.53%	0.52%	0.51%	0.5%	0.5%	0.5%	0.45%	0.48%	0.5%
Research & Development	7.68M	8.04M	8.21M	8.87M	8.11M	7.83M	11.64M	7.94M	11.06M	11.42M
R&D % of Revenue	0.07%	0.08%	0.08%	0.07%	0.06%	0.05%	0.04%	0.04%	0.04%	0.04%
Other Operating Expenses	5.36M	4.89M	4.64M	4.55M	4.7M	5.95M	15.49M	40.13M	65.39M	143.71M
Operating Income+	12.17M	6.79M	10.41M	16.62M	22.74M	22.82M	34.35M	-11.1M	-45.37M	-119.11M
Operating Margin %	0.11%	0.06%	0.1%	0.14%	0.17%	0.15%	0.13%	-0.06%	-0.18%	-0.42%
Operating Income Growth %	0.63%	-0.44%	0.53%	0.6%	0.37%	0%	0.51%	-1.32%	-3.09%	-1.63%
EBITDA+	17.53M	11.68M	15.05M	21.17M	27.74M	29.76M	54.8M	11.06M	-2.27M	-68.89M
EBITDA Margin %	0.16%	0.11%	0.14%	0.17%	0.21%	0.2%	0.21%	0.06%	-0.01%	-0.24%
EBITDA Growth %	0.32%	-0.33%	0.29%	0.41%	0.31%	0.07%	0.84%	-0.8%	-1.21%	-29.36%
D&A (Non-Cash Add-back)	5.36M	4.89M	4.64M	4.55M	5M	6.94M	20.45M	22.16M	43.1M	50.22M
EBIT	12.17M	6.79M	10.41M	16.62M	22.74M	22.82M	34.35M	-10.38M	-42.76M	-111.66M
Net Interest Income+	-249K	-1.77M	-693K	-1.78M	-691K	-317K	-23.27M	861K	-21.16M	-13.6M
Interest Income	0	0	0	0	0	0	0	861K	3.49M	4.14M
Interest Expense	249K	1.77M	693K	1.78M	691K	317K	23.27M	0	24.65M	17.74M
Other Income/Expense	-249K	-1.77M	-693K	-1.78M	-691K	-317K	-23.27M	-10.04M	-22.04M	-10.29M
Pretax Income+	11.92M	5.02M	9.72M	14.84M	22.05M	22.5M	11.08M	-21.14M	-67.4M	-129.4M
Pretax Margin %	0.11%	0.05%	0.09%	0.12%	0.16%	0.15%	0.04%	-0.11%	-0.27%	-0.45%
Income Tax+	4.74M	2.6M	2.91M	1.89M	5.17M	5.44M	10.13M	-16.86M	-9.63M	-12.54M
Effective Tax Rate %	0.6%	0.48%	0.7%	0.87%	0.77%	0.76%	0.09%	0.2%	0.86%	0.9%
Net Income+	7.19M	2.42M	6.8M	12.96M	16.88M	17.07M	949K	-4.29M	-57.78M	-116.86M
Net Margin %	0.06%	0.02%	0.06%	0.11%	0.13%	0.12%	0%	-0.02%	-0.23%	-0.41%
Net Income Growth %	0.76%	-0.66%	1.81%	0.9%	0.3%	0.01%	-0.94%	-5.52%	-12.48%	-1.02%
Net Income (Continuing)	7.19M	2.42M	6.8M	12.96M	16.88M	17.07M	949K	-4.29M	-57.78M	-116.86M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.21	0.08	0.24	0.45	0.60	0.61	0.03	1.30	0.16	-4.05
EPS Growth %	0.75%	-0.62%	2%	0.88%	0.33%	0.02%	-0.95%	39.37%	-0.88%	-26.31%
EPS (Basic)	0.22	0.08	0.25	0.47	0.61	0.61	0.03	1.41	0.06	-4.05
Diluted Shares Outstanding	34.48M	30.77M	28.27M	28.65M	28.31M	28.67M	29.47M	34.07M	28.49M	28.87M
Basic Shares Outstanding	32.96M	29.95M	27.55M	27.74M	27.87M	27.86M	28.43M	29.59M	28.49M	28.87M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	61.79M	57.94M	67.61M	70.12M	87.43M	127.76M	438.11M	430.84M	371.47M	455.62M
Cash & Short-Term Investments	25.43M	29.47M	33.62M	35.17M	57.5M	82.7M	381.7M	364.73M	326.27M	353.69M
Cash Only	14.78M	18.48M	25.97M	34.67M	52.49M	82.62M	361.62M	344.52M	226.67M	275.98M
Short-Term Investments	10.65M	10.99M	7.65M	500K	5.01M	84K	20.08M	20.21M	99.6M	77.7M
Accounts Receivable	26.55M	22.55M	29.6M	30.04M	27.1M	40.18M	51.09M	60.36M	39.24M	81.94M
Days Sales Outstanding	86.66	77.2	99.53	90.37	73.85	98.85	70.8	111.78	56.81	104.98
Inventory	0	0	0	1K	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	0.01	-	-	-	-	-	-
Other Current Assets	4.51M	5.91M	4.39M	3.07M	1.81M	4.08M	5.27M	5.75M	4.33M	13.55M
Total Non-Current Assets+	116.07M	112.14M	105.56M	106.34M	134.18M	328.81M	350.89M	333.88M	328.42M	1.81B
Property, Plant & Equipment	8.92M	9.23M	9.79M	10.9M	38.76M	39.69M	42.06M	42.55M	42.08M	20.53M
Fixed Asset Turnover	12.53x	11.55x	11.09x	11.13x	3.46x	3.74x	6.26x	4.63x	5.99x	13.88x
Goodwill	93.7M	93.47M	93.79M	93.69M	93.64M	179.12M	197.07M	192.23M	194.07M	973.4M
Intangible Assets	1.45M	601K	506K	849K	710K	108.87M	110.39M	95.52M	89.16M	808.73M
Long-Term Investments	9.26M	7.8M	496K	0	0	0	0	0	282.95M	0
Other Non-Current Assets	840K	898K	882K	853K	936K	907K	893K	645K	-282.3M	3.12M
Total Assets+	177.86M	170.08M	173.17M	176.46M	221.61M	456.57M	789M	764.72M	699.89M	2.27B
Asset Turnover	0.63x	0.63x	0.63x	0.69x	0.60x	0.32x	0.33x	0.26x	0.36x	0.13x
Asset Growth %	0%	-0.04%	0.02%	0.02%	0.26%	1.06%	0.73%	-0.03%	-0.08%	2.24%
Total Current Liabilities+	15.03M	17.95M	23.99M	14.55M	16.4M	46.42M	70M	57.89M	36.99M	535.26M
Accounts Payable	1.81M	2.1M	1.54M	1.87M	2.04M	4.3M	3.78M	3.3M	5.31M	10.64M
Days Payables Outstanding	22.06	25.37	19.86	23.58	23.33	42.06	19.39	16.65	19.62	36.21
Short-Term Debt	0	6.16M	9.89M	1.24M	1.24M	0	0	0	0	415.69M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.44M	2.79M	3.34M	3.26M	3.68M	5.79M	14.54M	4.64M	9.04M	18.09M
Current Ratio	4.11x	3.23x	2.82x	4.82x	5.33x	2.75x	6.26x	7.44x	10.04x	0.85x
Quick Ratio	4.11x	3.23x	2.82x	4.82x	5.33x	2.75x	6.26x	7.44x	10.04x	0.85x
Cash Conversion Cycle	-	-	-	66.8	-	-	-	-	-	-
Total Non-Current Liabilities+	2.83M	34.57M	28.44M	29.32M	52.25M	207.64M	496.24M	489.36M	439.97M	159.38M
Long-Term Debt	0	32.29M	22.34M	23.71M	22.47M	153.88M	453.19M	455.69M	410.5M	0
Capital Lease Obligations	0	0	0	0	28.17M	26.94M	24.02M	20.37M	16.61M	15.11M
Deferred Tax Liabilities	582K	200K	838K	662K	1.61M	23.85M	16.25M	13.29M	12.86M	139.36M
Other Non-Current Liabilities	2.25M	2.08M	5.26M	4.95M	0	2.97M	2.78M	0	0	4.91M
Total Liabilities	17.86M	52.51M	52.42M	43.88M	68.66M	254.06M	566.24M	547.24M	476.96M	694.63M
Total Debt+	0	38.44M	32.23M	24.95M	54.45M	184.44M	481.29M	480.16M	431.16M	435.98M
Net Debt	-14.78M	19.96M	6.26M	-9.72M	1.97M	101.82M	119.67M	135.64M	204.5M	160M
Debt / Equity	-	0.33x	0.27x	0.19x	0.36x	0.91x	2.16x	2.21x	1.93x	0.28x
Debt / EBITDA	-	3.29x	2.14x	1.18x	1.96x	6.20x	8.78x	43.39x	-	-
Net Debt / EBITDA	-0.84x	1.71x	0.42x	-0.46x	0.07x	3.42x	2.18x	12.26x	-	-
Interest Coverage	48.88x	3.83x	15.02x	9.35x	32.91x	71.99x	1.48x	-	-1.84x	-6.71x
Total Equity+	160M	117.56M	120.75M	132.59M	152.95M	202.51M	222.76M	217.47M	222.93M	1.57B
Equity Growth %	0.03%	-0.27%	0.03%	0.1%	0.15%	0.32%	0.1%	-0.02%	0.03%	6.05%
Book Value per Share	4.64	3.82	4.27	4.63	5.40	7.06	7.56	6.38	7.82	54.45
Total Shareholders' Equity	160M	117.56M	120.75M	132.59M	152.95M	202.51M	222.76M	217.47M	222.93M	1.57B
Common Stock	51K	52K	53K	54K	55K	56K	57K	58K	59K	71K
Retained Earnings	-18.78M	-16.36M	-9.32M	3.64M	20.51M	37.58M	38.76M	80.37M	84.83M	-75.94M
Treasury Stock	-113.95M	-162.73M	-170.82M	-177.91M	-184.97M	-199.8M	-199.8M	-278.88M	-329.12M	0
Accumulated OCI	-322K	-248K	65K	-215K	-319K	1.61M	298K	-9.54M	-4.54M	20.93M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	11.26M	18.16M	18.65M	23.88M	39.45M	52.45M	35.21M	28.06M	72.49M	-64.85M
Operating CF Margin %	0.1%	0.17%	0.17%	0.2%	0.29%	0.35%	0.13%	0.14%	0.29%	-0.23%
Operating CF Growth %	-0.38%	0.61%	0.03%	0.28%	0.65%	0.33%	-0.33%	-0.2%	1.58%	-1.89%
Net Income	7.19M	2.42M	6.8M	12.96M	16.88M	17.07M	17.94M	-4.29M	4.46M	-116.86M
Depreciation & Amortization	5.36M	4.89M	4.64M	4.55M	5M	6.94M	8.7M	22.16M	21.13M	50.22M
Stock-Based Compensation	6.62M	6.85M	6.91M	9.11M	14.22M	16.81M	542K	914K	47.65M	2.4M
Deferred Taxes	1.75M	1.13M	895K	-137K	-1.1M	-203K	-2.67M	-21.11M	-711K	-16.31M
Other Non-Cash Items	-2.16M	1.08M	1.18M	1.36M	348K	265K	1.16M	9.11M	-612K	44.65M
Working Capital Changes	-7.5M	1.79M	-1.77M	-3.96M	4.11M	11.58M	9.54M	21.27M	570K	-28.95M
Change in Receivables	-4.18M	3.11M	-7.86M	-1.55M	2.6M	97K	11.7M	61K	19.21M	-2.48M
Change in Inventory	-2.08M	-136K	4.7M	-1.05M	2.48M	0	0	0	0	0
Change in Payables	-921K	299K	-810K	332K	164K	1.22M	1.48M	2.65M	2M	-2.65M
Cash from Investing+	-4.93M	-3.62M	6.26M	1.69M	-10.85M	-175.75M	-57.46M	-354.7M	-93.02M	-79.36M
Capital Expenditures	-3.7M	-4.41M	-4.14M	-5.54M	-6.33M	-6.66M	-302K	-413K	-14.63M	-420K
CapEx % of Revenue	0.03%	0.04%	0.04%	0.05%	0.05%	0.04%	0%	0%	0.06%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.7M	-4.41M	-4.14M	1.69M	-10.85M	0	-361K	-2.95M	-78.39M	-6.34M
Cash from Financing+	-10.8M	-10.93M	-17.39M	-16.78M	-10.72M	153.37M	23.21M	330.31M	-98.14M	409.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.51M	-898K	-3.05M	-2.15M	-2.4M	-3M	-33.48M	123.41M	-5.58M	58.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	7.56M	13.75M	14.51M	18.34M	33.11M	45.79M	34.55M	24.7M	57.85M	-71.61M
FCF Margin %	0.07%	0.13%	0.13%	0.15%	0.25%	0.31%	0.13%	0.13%	0.23%	-0.25%
FCF Growth %	-0.47%	0.82%	0.06%	0.26%	0.81%	0.38%	-0.25%	-0.29%	1.34%	-2.24%
FCF per Share	0.22	0.45	0.51	0.64	1.17	1.60	1.17	0.72	2.03	-2.48
FCF Conversion (FCF/Net Income)	1.57x	7.51x	2.74x	1.84x	2.34x	3.07x	37.10x	-6.55x	-1.25x	0.55x
Interest Paid	0	892K	0	0	0	0	201K	80K	25.19M	19.01M
Taxes Paid	5.37M	711K	0	2.63M	3.58M	4.91M	4.25M	4.29M	3.17M	1.63M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.55%	1.74%	5.71%	10.23%	11.82%	9.6%	0.45%	-1.95%	-26.24%	-13.02%
Return on Invested Capital (ROIC)	6.48%	3.6%	5.9%	9.98%	12.28%	7.45%	7.97%	-2.39%	-8.72%	-8.27%
Gross Margin	73.26%	71.66%	73.9%	76.13%	76.22%	74.83%	72.97%	63.31%	60.8%	62.35%
Net Margin	6.43%	2.27%	6.27%	10.68%	12.6%	11.5%	0.36%	-2.17%	-22.92%	-41.02%
Debt / Equity	-	0.33x	0.27x	0.19x	0.36x	0.91x	2.16x	2.21x	1.93x	0.28x
Interest Coverage	48.88x	3.83x	15.02x	9.35x	32.91x	71.99x	1.48x	-	-1.84x	-6.71x
FCF Conversion	1.57x	7.51x	2.74x	1.84x	2.34x	3.07x	37.10x	-6.55x	-1.25x	0.55x
Revenue Growth	5.29%	-4.65%	1.81%	11.77%	10.4%	10.76%	77.54%	-25.18%	27.91%	13.01%

Revenue by Segment

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2024
Advisory Services	-	-	-	-	-	-	-	-	-	34.64M
Advisory Services Growth	-	-	-	-	-	-	-	-	-	-
Technology Service	-	-	-	-	-	-	121.33M	-	-	-
Technology Service Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2024
North America	-	-	83.21M	-	-	-	82.66M	-	-	200.85M
North America Growth	-	-	-	-	-	-	-	-	-	-
Rest Of World	-	-	-	-	-	-	-	-	-	67.44M
Rest Of World Growth	-	-	-	-	-	-	-	-	-	-
UNITED STATES	-	-	-	85.28M	79.53M	77.98M	-	99.67M	103.8M	-
UNITED STATES Growth	-	-	-	-	-6.74%	-1.95%	-	-	4.14%	-
Non Us	-	-	-	-	-	-	-	20.18M	26.17M	-
Non Us Growth	-	-	-	-	-	-	-	-	29.68%	-
International Excluding North America	-	-	-	-	-	-	38.67M	-	-	-
International Excluding North America Growth	-	-	-	-	-	-	-	-	-	-
U S	-	65.39M	-	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-	-	-
International	14.59M	-	-	-	-	-	-	-	-	-
International Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

TechTarget, Inc. (TTGT) reported $328.9M in revenue for fiscal year 2024. This represents a 212% increase from $105.5M in 2011.

TechTarget, Inc. (TTGT) grew revenue by 13.0% over the past year. This is steady growth.

TechTarget, Inc. (TTGT) reported a net loss of $1.05B for fiscal year 2024.

Dividend & Returns

TechTarget, Inc. (TTGT) has a return on equity (ROE) of -13.0%. Negative ROE indicates the company is unprofitable.

TechTarget, Inc. (TTGT) had negative free cash flow of $34.9M in fiscal year 2024, likely due to heavy capital investments.