The Trade Desk (TTD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

The Trade Desk

NasdaqGM•Communication Services•Advertising Agencies

$14.29-0.20(-0.01%)Market open

Market Cap

$6.79B

P/E

16.7x

P/S

2.3x

P/B

2.6x

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.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability19/25

Growth17/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality23/25

Strengths

Strong marginsHigh ROEInterest easily coveredCash-backed earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.7x5y range 16.7x – 624.5x

Currently below its 19-quarter median.

P/S · 2.3x5y range 2.3x – 37.9x

Currently below its 20-quarter median.

P/B · 2.6x5y range 2.6x – 29.7x

Price & Volume

Market Cap $6.79B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.99B
Q. Revenue: $715.06M
TTM EBITDA: $712.98M
TTM Op. Income: $586.32M
Q. Op. Income: $101.58M
TTM Net Income: $406.89M
Q. Net Income: $64.39M
EPS: $0.14
Shares Out.: $468.36M

$2.99B in TTM revenue grew 11.6% YoY, reaching $715.06M last quarter. TTM EBITDA of $712.98M and TTM operating income of $586.32M show growth is flowing through to the bottom line. TTM net income of $406.89M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 74.2%
EBITDA Margin: 18.4%
Op. Margin: 14.2%
Net Margin: 9.0%

Op. margin of 14.2% is down 2.6% YoY — costs are rising relative to revenue. Net margin at 9.0% and gross margin of 74.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 16% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.7x
P/S Ratio: 2.3x
P/B Ratio: 2.6x

At 16.7x P/E, the stock trades within typical market levels. P/S of 2.3x and P/B of 2.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.76B
Cash: $1.12B
Long-Term Debt: N/A
Book Value: $2.57B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $153.59M
TTM Free Cash Flow: $863.05M
FCF Margin: 28.9%
FCF / Net Income: 2.1

TTM FCF of $863.05M on $153.59M in operating cash flow. The FCF / Net Income ratio of 2.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.