The Trade Desk, Inc. (TTD)
NASDAQ: TTD · Real-Time Price · USD
39.65
+1.30 (3.39%)
At close: Nov 21, 2025, 4:00 PM EST
39.77
+0.12 (0.29%)
After-hours: Nov 21, 2025, 7:59 PM EST

The Trade Desk Statistics

Total Valuation

The Trade Desk has a market cap or net worth of $19.17 billion. The enterprise value is $18.11 billion.

Market Cap19.17B
Enterprise Value 18.11B

Important Dates

The last earnings date was Thursday, November 6, 2025, after market close.

Earnings Date Nov 6, 2025
Ex-Dividend Date n/a

Share Statistics

The Trade Desk has 483.59 million shares outstanding. The number of shares has decreased by -0.10% in one year.

Current Share Class 440.32M
Shares Outstanding 483.59M
Shares Change (YoY) -0.10%
Shares Change (QoQ) -0.56%
Owned by Insiders (%) 9.44%
Owned by Institutions (%) 77.70%
Float 437.51M

Valuation Ratios

The trailing PE ratio is 45.03 and the forward PE ratio is 20.14. The Trade Desk's PEG ratio is 1.01.

PE Ratio 45.03
Forward PE 20.14
PS Ratio 6.99
Forward PS 5.94
PB Ratio 7.39
P/TBV Ratio 7.37
P/FCF Ratio 27.80
P/OCF Ratio 21.78
PEG Ratio 1.01
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 29.22, with an EV/FCF ratio of 26.25.

EV / Earnings 41.28
EV / Sales 6.49
EV / EBITDA 29.22
EV / EBIT 34.31
EV / FCF 26.25

Financial Position

The company has a current ratio of 1.71, with a Debt / Equity ratio of 0.14.

Current Ratio 1.71
Quick Ratio 1.64
Debt / Equity 0.14
Debt / EBITDA 0.53
Debt / FCF 0.55
Interest Coverage 345.39

Financial Efficiency

Return on equity (ROE) is 16.78% and return on invested capital (ROIC) is 11.19%.

Return on Equity (ROE) 16.78%
Return on Assets (ROA) 5.76%
Return on Invested Capital (ROIC) 11.19%
Return on Capital Employed (ROCE) 17.92%
Revenue Per Employee $785,615
Profits Per Employee $123,475
Employee Count3,552
Asset Turnover 0.49
Inventory Turnover n/a

Taxes

In the past 12 months, The Trade Desk has paid $171.51 million in taxes.

Income Tax 171.51M
Effective Tax Rate 28.11%

Stock Price Statistics

The stock price has decreased by -68.00% in the last 52 weeks. The beta is 1.05, so The Trade Desk's price volatility has been similar to the market average.

Beta (5Y) 1.05
52-Week Price Change -68.00%
50-Day Moving Average 47.95
200-Day Moving Average 62.08
Relative Strength Index (RSI) 30.59
Average Volume (20 Days) 13,400,533

Short Selling Information

The latest short interest is 44.82 million, so 9.27% of the outstanding shares have been sold short.

Short Interest 44.82M
Short Previous Month 38.65M
Short % of Shares Out 9.27%
Short % of Float 10.24%
Short Ratio (days to cover) 4.02

Income Statement

In the last 12 months, The Trade Desk had revenue of $2.79 billion and earned $438.58 million in profits. Earnings per share was $0.88.

Revenue2.79B
Gross Profit 2.20B
Operating Income 527.76M
Pretax Income 610.09M
Net Income 438.58M
EBITDA 619.69M
EBIT 527.76M
Earnings Per Share (EPS) $0.88
Full Income Statement

Balance Sheet

The company has $1.45 billion in cash and $375.98 million in debt, giving a net cash position of $1.07 billion or $2.21 per share.

Cash & Cash Equivalents 1.45B
Total Debt 375.98M
Net Cash 1.07B
Net Cash Per Share $2.21
Equity (Book Value) 2.60B
Book Value Per Share 5.37
Working Capital 2.13B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $880.53 million and capital expenditures -$190.88 million, giving a free cash flow of $689.66 million.

Operating Cash Flow 880.53M
Capital Expenditures -190.88M
Free Cash Flow 689.66M
FCF Per Share $1.43
Full Cash Flow Statement

Margins

Gross margin is 78.81%, with operating and profit margins of 18.91% and 15.72%.

Gross Margin 78.81%
Operating Margin 18.91%
Pretax Margin 21.86%
Profit Margin 15.72%
EBITDA Margin 22.21%
EBIT Margin 18.91%
FCF Margin 24.71%

Dividends & Yields

The Trade Desk does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield 0.10%
Shareholder Yield 0.10%
Earnings Yield 2.29%
FCF Yield 3.60%
Dividend Details

Analyst Forecast

The average price target for The Trade Desk is $82.39, which is 107.79% higher than the current price. The consensus rating is "Buy".

Price Target $82.39
Price Target Difference 107.79%
Analyst Consensus Buy
Analyst Count 34
Revenue Growth Forecast (5Y) 17.14%
EPS Growth Forecast (5Y) 39.43%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on June 17, 2021. It was a forward split with a ratio of 10:1.

Last Split Date Jun 17, 2021
Split Type Forward
Split Ratio 10:1

Scores

The Trade Desk has an Altman Z-Score of 8.67 and a Piotroski F-Score of 5.

Altman Z-Score 8.67
Piotroski F-Score 5