The Trade Desk
TTD
12.09
+0.17
+1.43%
The Trade Desk
US · TTD
#1993 by market cap
Listed 2016
12.09
+0.17
+1.43%
Live - 5344 symbols - heartbeat 473s ago
· 2026-10-08 06:43
Pre-market
12.00
-0.74%
After-hours
12.09
0.00%
Overnight
12.01
-0.66%
- Market cap
- 5.72B
- P/E (TTM)i
- 14.39
- P/Bi
- 2.22
- EPSi
- 0.90
- Div yieldi
- 0.00%
- 52W posi
- 1%
Reader sentiment
Are you bullish or bearish on TTD?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 1.98, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +18.47% YoY
Margins
- Gross margin
- 78.63%
- Operating margin
- 20.35%
- Net margin
- 15.31%
Key ratios & quality
- PEG ratioi
- 0.14
- Altman Z-Scorei
- 1.98
PEG uses trailing P/E against the 3-year net income growth rate (102.50%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 477.29M | 661.06M | 836.03M | 1.20B | 1.58B | 1.95B | 2.44B | 2.90B |
| Gross profit | 363.20M | 504.88M | 657.22M | 974.91M | 1.30B | 1.58B | 1.97B | 2.28B |
| Selling & admin expenses | 171.98M | 275.93M | 346.36M | 623.96M | 863.14M | 968.25M | 1.08B | 1.16B |
| Research & development | 83.89M | 116.75M | 166.65M | 226.14M | 319.88M | 411.79M | 463.32M | 525.14M |
| Operating profit | 107.32M | 112.20M | 144.21M | 124.82M | 113.65M | 200.48M | 427.17M | 589.32M |
| Pretax profit | 105.74M | 116.22M | 143.90M | 122.04M | 127.37M | 268.00M | 507.30M | 658.76M |
| Tax | 17.60M | 7.90M | -98.41M | -15.73M | 73.99M | 89.06M | 114.23M | 215.45M |
| Net profit | 88.14M | 108.32M | 242.32M | 137.76M | 53.39M | 178.94M | 393.08M | 443.30M |
| Basic EPS | 21 | 24 | 52 | 29 | 11 | 37 | 80 | 91 |
| Diluted EPS | 19.20 | 23.00 | 49.00 | 28.00 | 11.00 | 36.00 | 78.00 | 90.00 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 616.02M | 694.04M | 739.43M | 846.79M | 688.86M | 715.06M |
| Gross profit | 473.18M | 543.06M | 577.28M | 683.70M | 506.89M | 530.72M |
| Selling & admin expenses | 286.33M | 292.03M | 288.17M | 296.23M | 297.52M | 288.41M |
| Research & development | 132.40M | 134.25M | 127.89M | 130.60M | 142.72M | 140.74M |
| Operating profit | 54.45M | 116.78M | 161.22M | 256.87M | 66.65M | 101.58M |
| Pretax profit | 75.77M | 133.20M | 179.52M | 270.27M | 78.96M | 113.09M |
| Tax | 25.09M | 43.07M | 63.97M | 83.32M | 38.96M | 48.70M |
| Net profit | 50.68M | 90.13M | 115.55M | 186.95M | 40.00M | 64.39M |
| Basic EPS | 10 | 18 | 24 | 39 | 8 | 14 |
| Diluted EPS | 10.00 | 18.00 | 23.00 | 39.00 | 8.00 | 14.00 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.06B | 1.45B | 2.31B | 3.09B | 3.85B | 4.31B | 5.34B | 5.26B |
| Cash & ST investments | 207.23M | 254.99M | 624.04M | 958.78M | 1.45B | 1.38B | 1.92B | 1.30B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 1.12B | 1.73B | 2.75B | 3.58B | 4.38B | 4.89B | 6.11B | 6.15B |
| Total current liabilities | 713.99M | 930.37M | 1.47B | 1.80B | 2.03B | 2.51B | 2.87B | 3.27B |
| Short-term debt | -- | 14.58M | 37.87M | 46.15M | 52.43M | 55.52M | 64.49M | 76.36M |
| Long-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Total liabilities | 723,305,000.00 | 1,116,244,000.00 | 1,740,500,000.00 | 2,050,034,000.00 | 2,265,340,000.00 | 2,724,468,000.00 | 3,162,806,000.00 | 3,668,829,000.00 |
| Total equity | 394.57M | 612.52M | 1.01B | 1.53B | 2.12B | 2.16B | 2.95B | 2.48B |
| Retained earnings | 124.12M | 232.44M | 474.37M | 612.13M | 665.51M | 196.95M | 354.25M | -590.91M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 4.86B | 5.05B | 5.12B | 5.26B | 4.86B | 4.82B |
| Cash & ST investments | 1.74B | 1.69B | 1.45B | 1.30B | 1.41B | 1.49B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 5.71B | 5.96B | 5.94B | 6.15B | 5.73B | 5.76B |
| Total current liabilities | 2.68B | 2.95B | 2.99B | 3.27B | 2.89B | 2.79B |
| Short-term debt | 72.30M | 72.41M | 73.13M | 76.36M | 77.51M | 80.92M |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 2,988,757,000.00 | 3,261,976,000.00 | 3,339,615,000.00 | 3,668,829,000.00 | 3,280,898,000.00 | 3,190,094,000.00 |
| Total equity | 2.72B | 2.70B | 2.60B | 2.48B | 2.45B | 2.57B |
| Retained earnings | 4.52M | -162.36M | -364.45M | -590.91M | -724.95M | -719.49M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 86.60M | 60.21M | 405.07M | 378.51M | 548.73M | 598.32M | 739.46M | 992.72M |
| Depreciation & amortization | 11.82M | 21.66M | 28.63M | 42.22M | 54.43M | 80.42M | 87.49M | 115.78M |
| Free cash flow | 61.41M | 19.60M | 324.96M | 318.54M | 456.85M | 543.30M | 632.39M | 782.96M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | 0 | -646.60M | -234.78M | -1.38B |
| Ending cash balance | 207.23M | 130.88M | 437.35M | 754.15M | 1.03B | 895.13M | 1.37B | 658.18M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 291.43M | 165.01M | 224.69M | 311.59M | 391.81M | 153.59M |
| Depreciation & amortization | 23.99M | 26.70M | 33.14M | 31.96M | 31.43M | 30.14M |
| Free cash flow | 229.66M | 116.70M | 155.00M | 281.61M | 276.04M | 136.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -386.25M | -260.84M | -310.45M | -422.88M | -163.51M | -77.82M |
| Ending cash balance | 1.12B | 896.39M | 653.13M | 658.18M | 878.38M | 1.12B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 27.54 | 21.51 | 29.81 | 10.85 | 2.93 | 8.36 | 15.37 | 16.32 |
| ROA %i | 9.21 | 7.61 | 10.81 | 4.35 | 1.34 | 3.86 | 7.15 | 7.23 |
| ROIC %i | 27.45 | 15.63 | 22.95 | 8.84 | 2.55 | 7.49 | 11.73 | 12.85 |
| 5-year avg ROE %i | -- | 52.54 | 14.74 | 22.90 | 18.53 | 14.69 | 13.47 | 10.77 |
| EBIT margin %i | 22.48 | 16.97 | 17.25 | 10.43 | 7.20 | 10.30 | 17.47 | 20.35 |
| FCF / sales %i | 12.87 | 2.97 | 38.87 | 26.62 | 28.95 | 27.92 | 25.87 | 27.03 |
| Current ratioi | 1.48 | 1.56 | 1.57 | 1.71 | 1.90 | 1.72 | 1.86 | 1.61 |
| Quick ratioi | 1.46 | 1.53 | 1.50 | 1.65 | 1.87 | 1.69 | 1.83 | 1.55 |
| Debt / assetsi | 0.00 | 10.96 | 10.62 | 7.96 | 5.96 | 4.83 | 5.11 | 7.09 |
| LT debt / equityi | -- | 28.55 | 25.13 | 15.61 | 9.86 | 8.33 | 8.40 | 14.49 |
| Interest coveragei | 69.22 | -- | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | 61.25 | 48.24 | 39.46 | 35.84 | 33.64 | 32.53 | 26.90 | 22.44 |
| Net income CAGR (3Y) %i | 76.87 | 74.22 | 68.34 | 16.05 | -21.01 | -9.61 | 41.83 | 102.50 |
| FCF CAGR (3Y) %i | -- | -33.22 | 161.56 | 73.10 | 185.65 | 18.69 | 25.68 | 19.67 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 16.88 | 16.36 | 16.78 | 16.32 | 16.74 | 15.44 |
| ROA %i | 7.95 | 7.51 | 7.66 | 7.23 | 7.56 | 6.94 |
| ROIC %i | 15.11 | 12.45 | 12.94 | 12.85 | 13.23 | 12.29 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 17.63 | 17.73 | 18.91 | 20.35 | 19.96 | 19.61 |
| FCF / sales %i | 26.69 | 27.84 | 24.31 | 27.03 | 27.93 | 28.38 |
| Current ratioi | 1.81 | 1.71 | 1.71 | 1.61 | 1.68 | 1.72 |
| Quick ratioi | 1.79 | 1.68 | 1.64 | 1.55 | 1.64 | 1.68 |
| Debt / assetsi | 5.87 | 5.77 | 6.33 | 7.09 | 7.39 | 7.53 |
| LT debt / equityi | 9.67 | 10.06 | 11.64 | 14.49 | 14.11 | 13.72 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Advertising technology platform100.00%
Quote time 2026-10-08 06:43:22 · For reference only, not investment advice and not tailored to your situation.