The Trade Desk, Inc. TTD NDXSPX
Communication Services · Advertising Agencies · United States
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company creates, manages, and optimizes digital advertising campaigns across ad formats, channels and devices, including CTV and other video, display, audio, and native, on a multitude of devices, such televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. It provides data and other value-added services. It serves advertising agencies, advertisers, and other service providers for agencies or advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.
READ MORE ›$21.56
-71.34% 1Y
Market & Price
Market Cap
$10.14B
Current Price
$21.56
High / Low (52W)
$89.76 / $20.09
Beta
1.10
Valuation
Stock P/E
24.50
Industry PE
23.46
Forward P/E
10.03
PEG Ratio
1.03
Book Value
$5.21
Price to Book
4.14
P/S
3.41
EV/EBITDA
12.90
Dividend Yield
-
Profitability & Returns
ROCE
20.41%
ROE
16.74%
ROA
6.57%
Profit Margin
14.57%
Op Margin
9.68%
EPS (Latest Qtr)
$0.08
EPS (TTM)
$0.88
Balance Sheet & Liquidity
Debt/Equity
0.17
Quick Ratio
1.64
Current Ratio
1.68
Debt
$423.58M
Total Assets
$6.15B
Current Assets
$5.26B
Working Capital
$2.00B
Ownership
Promoter Holding
2.19%
Chg in Prom Hold
-
FII / Inst Holding
89.61%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$9.15B
Total Revenue (TTM)
$2.97B
EBITDA
$709.75M
Free Cash Flow
$569.11M
Operating Cash Flow
$1.09B
Shares Outstanding
427.00M
Gross Margin
77.83%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
22.44%
Profit 5Y
102.50%
Revenue (YoY)
11.80%
Earnings (YoY)
-20.00%
PROS
- Healthy ROCE of 20.4%.
- Compounding revenue at 22.4% over 5 years.
- Profit CAGR of 102.5% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 76.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TTD The Trade Desk, Inc. NDXSPX | 21.56 | 24.50 | $10.14B | - | 20.41% | 16.74% | 22.44% | 102.50% |
| 2 | GOOGL Alphabet Inc. NDXSPXAI | 380.34 | 28.99 | $4.61T | 0.23% | 32.40% | 38.88% | 12.51% | 30.14% |
| 3 | META Meta Platforms, Inc. NDXSPXAI | 632.51 | 22.99 | $1.61T | 0.33% | 26.87% | 32.93% | 19.89% | 37.61% |
| 4 | NFLX Netflix, Inc. NDXSPXAI | 86.02 | 27.75 | $362.21B | - | 30.26% | 48.49% | 12.64% | 34.71% |
| 5 | APP AppLovin Corporation NDXSPXAI | 613.09 | 53.17 | $205.96B | - | 70.20% | - | 24.84% | 609.87% |
| 6 | TMUS T-Mobile US, Inc. NDXSPX | 187.53 | 19.93 | $202.95B | 2.18% | 9.27% | 18.02% | 3.53% | 61.90% |
| 7 | VZ Verizon Communications Inc. SPX | 47.81 | 11.66 | $199.63B | 5.92% | 8.59% | 17.20% | 0.33% | -6.86% |
| 8 | DIS The Walt Disney Company SPX | 101.83 | 16.29 | $176.83B | 1.47% | 8.46% | 11.01% | 4.51% | 58.00% |
| 9 | T AT&T Inc. SPX | 24.80 | 8.16 | $172.32B | 4.48% | 9.23% | 18.37% | 1.34% | 119.18% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 72.80M | 79.41M | 85.67M | 112.33M | 118.83M | 120.99M | 159.92M | 164.20M | 160.66M | 139.35M | 216.11M | 219.81M | 279.97M | 301.09M | 315.32M | 376.96M | 394.77M | 382.80M | 464.25M | 493.27M | 491.25M | 584.55M | 628.02M | 616.02M | 694.04M | 739.43M | 846.79M | 688.86M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 142.84M | 150.98M | 162.15M | 163.09M | 181.97M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 473.18M | 543.06M | 577.28M | 683.70M | 506.89M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 418.73M | 426.28M | 416.06M | 426.82M | 440.24M |
| Operating Income | 9.19M | 3.40M | 15.03M | 15.05M | 1.94M | 19.69M | 18.41M | 9.93M | 26.16M | 22.26M | 5.67M | 31.95M | 21.93M | 10.77M | -15.77M | 42.78M | 7.78M | 61.95M | 80.45M | -17.05M | 1.74M | 28.80M | -23.31M | 41.67M | 37.68M | 28.66M | 94.72M | 108.48M | 54.45M | 116.78M | 161.22M | 256.87M | 66.65M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100.13M | 143.48M | 194.35M | 288.83M | 110.76M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 376.00K | - | - | - | 373.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 75.77M | 133.20M | 179.52M | 270.27M | 78.96M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.09M | 43.07M | 63.97M | 83.32M | 38.96M |
| Net Income | 4.61M | -1.04M | 7.60M | 3.64M | 4.91M | 18.85M | 10.23M | 9.07M | 19.34M | 20.29M | 10.15M | 27.80M | 19.42M | 24.06M | 25.11M | 41.25M | 22.64M | 47.70M | 59.38M | -14.60M | -19.07M | 15.87M | 9.33M | 32.94M | 39.35M | 31.66M | 85.03M | 94.16M | 50.68M | 90.13M | 115.55M | 186.95M | 40.00M |
| Diluted EPS | 0.10 | -4.45 | 0.15 | 0.06 | 0.11 | 0.43 | 0.23 | 0.20 | 0.43 | 0.44 | 0.21 | 0.58 | 0.40 | 0.50 | 0.05 | 0.08 | 0.05 | 0.10 | 0.12 | -0.03 | -0.04 | 0.03 | 0.02 | 0.07 | 0.08 | 0.06 | 0.17 | 0.19 | 0.10 | 0.18 | 0.23 | 0.39 | 0.08 |
| R&D Expense | 3.41M | 4.64M | 5.76M | 7.29M | 10.46M | 12.13M | 13.18M | 17.70M | 19.48M | 22.62M | 25.31M | 29.45M | 29.18M | 36.79M | 40.06M | 41.08M | 53.92M | 53.54M | 55.85M | 72.00M | 83.48M | 79.92M | 93.71M | 98.31M | 117.77M | 107.69M | 110.03M | 117.70M | 132.40M | 134.25M | 127.89M | - | 142.72M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | 202.93M | 308.22M | 477.29M | 661.06M | 836.03M | - | 1.58B | 1.95B | 2.44B | 2.90B |
| Cost of Revenue | - | - | - | - | - | - | - | - | 281.12M | 365.60M | 472.01M | 619.07M |
| Gross Profit | - | - | - | - | - | - | - | - | 1.30B | 1.58B | 1.97B | 2.28B |
| Operating Expenses | - | - | - | - | - | - | - | - | 1.18B | 1.38B | 1.55B | 1.69B |
| Operating Income | 764.00K | 37.98M | 57.52M | 69.36M | 107.32M | 112.20M | 144.21M | - | 113.65M | 200.48M | 427.17M | 589.32M |
| EBITDA | - | - | - | - | - | - | - | - | 168.08M | 280.90M | 514.66M | 705.11M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | 127.37M | 268.00M | 507.30M | 658.75M |
| Tax Provision | - | - | - | - | - | - | - | - | 73.98M | 89.06M | 114.23M | 215.45M |
| Net Income | 5.00K | 15.93M | 20.48M | 50.80M | 88.14M | 108.32M | 242.32M | - | 53.38M | 178.94M | 393.08M | 443.30M |
| Diluted EPS | - | 0.39 | -1.46 | 1.15 | 1.92 | 0.23 | 0.49 | - | 0.11 | 0.36 | 0.78 | 0.90 |
| R&D Expense | 7.25M | 12.82M | 27.31M | 52.81M | 83.89M | 116.75M | 166.65M | 226.14M | 319.88M | 411.79M | 463.32M | 525.14M |
Compounded Sales Growth
| 5 Years: | 22.44% |
| 1 Year: | 11.80% |
Compounded Profit Growth
| 5 Years: | 102.50% |
| 1 Year: | -20.00% |
Stock Price Performance
| 1 Year: | -71.34% |
| 6 Months: | -44.85% |
| 3 Months: | -9.49% |
| 1 Month: | -11.53% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 210.23M | 537.60M | 797.16M | 1.12B | 1.73B | 2.75B | - | 4.38B | 4.89B | 6.11B | 6.15B |
| Current Assets | - | - | - | - | - | - | - | - | - | 3.85B | 4.31B | 5.34B | 5.26B |
| Cash & Equivalents | 6.37M | 17.32M | 4.05M | 133.40M | 155.95M | 207.23M | 130.88M | 437.35M | - | 1.03B | 895.13M | 1.37B | 658.17M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | 2.35B | 2.87B | 3.33B | 3.77B |
| Total Liabilities | - | - | 171.88M | 373.22M | 551.58M | 723.30M | 1.12B | 1.74B | - | 2.27B | 2.72B | 3.16B | 3.67B |
| Current Liabilities | - | - | 118.90M | 344.14M | 518.53M | 713.99M | 930.37M | 1.47B | - | 2.03B | 2.51B | 2.87B | 3.27B |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | 260.96M | 235.89M | 312.21M | 436.33M |
| Total Equity | -5.69M | -6.13M | 14.14M | 164.38M | 245.58M | 394.57M | 612.52M | 1.01B | - | 2.12B | 2.16B | 2.95B | 2.48B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | 490.47M | 488.92M | 496.10M | 475.92M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | 75.03M | 31.22M | 86.60M | 60.20M | 405.07M | - | 548.73M | 598.32M | 739.46M | 992.72M |
| Investing Cash Flow | - | - | -9.22M | -16.06M | -25.19M | -163.84M | -143.27M | - | -304.37M | -107.59M | -157.51M | -292.63M |
| Financing Cash Flow | - | - | 63.54M | 7.39M | -10.13M | 27.28M | 44.68M | - | 31.99M | -626.11M | -107.61M | -1.41B |
| Capital Expenditure | -832.00K | -5.13M | -6.88M | -10.11M | -19.80M | -35.69M | -74.06M | - | -91.89M | -55.02M | -107.06M | -209.76M |
| Free Cash Flow | - | - | 68.15M | 21.11M | 66.81M | 24.51M | 331.01M | - | 456.85M | 543.30M | 632.39M | 782.96M |
| Net Change in Cash | - | - | - | - | - | - | - | - | 276.35M | -135.38M | 474.33M | -711.29M |
| Share Buybacks | - | - | - | - | - | - | - | 0 | 0 | 646.60M | 234.78M | 1.38B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 82.2% | 81.2% | 80.7% | 78.6% |
| Operating Margin % | - | - | 28.3% | 22.5% | 22.5% | 17.0% | 17.2% | - | 7.2% | 10.3% | 17.5% | 20.3% |
| Net Margin % | - | - | 10.1% | 16.5% | 18.5% | 16.4% | 29.0% | - | 3.4% | 9.2% | 16.1% | 15.3% |
| ROE % | -0.1% | 112.6% | 12.5% | 20.7% | 22.3% | 17.7% | 23.9% | - | 2.5% | 8.3% | 13.3% | 17.8% |
| ROCE % | - | 41.6% | 29.7% | 24.9% | 26.6% | 14.1% | 11.3% | - | 4.8% | 8.4% | 13.2% | 20.4% |
Shareholding Pattern
Insiders
2.19%
Institutions
89.61%
Public Float
91.61%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | State Street Corporation | 10.52% | 44.93M | $968.76M |
| 2 | Blackrock Inc. | 8.79% | 37.52M | $808.97M |
| 3 | Vanguard Capital Management LLC | 6.71% | 28.65M | $617.59M |
| 4 | Vanguard Portfolio Management LLC | 5.26% | 22.44M | $483.87M |
| 5 | Two Sigma Investments, LP | 3.32% | 14.16M | $305.32M |
| 6 | Geode Capital Management, LLC | 3.28% | 13.99M | $301.60M |
| 7 | Morgan Stanley | 2.05% | 8.77M | $189.03M |
| 8 | Goldman Sachs Group Inc | 2.04% | 8.73M | $188.18M |
| 9 | Invesco Ltd. | 1.96% | 8.38M | $180.66M |
| 10 | Federated Hermes, Inc. | 1.79% | 7.63M | $164.47M |
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