Overview Dividends

(TTD) Trade Desk - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US88339J1051

Platform, Data, Measurement, Optimization

TTD EPS (Earnings per Share)

EPS Growth (3Y CAGR): 6.34%
EPS Trend (3Y Correlation): 56.1%

TTD Revenue

Revenue Growth (3Y CAGR): 16.08%
Revenue Trend (3Y Correlation): 87.2%

Risk via 10d forecast
Volatility	71.7%
Value at Risk 5%th	80.3%

Reward
Sharpe Ratio	-1.02
Alpha	-83.31

Character
Hurst Exponent	0.698
Beta	1.050

Drawdowns 3y
Max DD	69.18%
Mean DD	21.16%

Description: TTD Trade Desk October 14, 2025

The Trade Desk, Inc. (NASDAQ:TTD) is a U.S.-based technology firm that provides a self-service, cloud-native platform enabling agencies, advertisers, and their service providers to plan, execute, optimize, and measure data-driven digital advertising across a wide array of formats-including video, display, audio, digital-out-of-home, native, and social-and devices such as computers, mobiles, TVs, and streaming boxes. In addition to the core buying engine, the company offers data-enrichment and value-added services to enhance campaign performance. Founded in 2009 and headquartered in Ventura, California, TTD operates globally and is classified under the GICS sub-industry “Application Software.”

Recent quarterly filings show Q4 2023 revenue of approximately $1.04 billion, reflecting a year-over-year increase of roughly 12 % and a gross margin near 80 %, underscoring the high-margin nature of its software-as-a-service model. The platform’s share of the programmatic advertising market is estimated at 15 %, driven largely by rapid growth in connected-TV (CTV) spend, which now accounts for over 30 % of total ad dollars on The Trade Desk’s platform. A broader sector driver is the continued expansion of digital ad spend, projected to grow ~8 % annually, though macro-economic pressures such as higher interest rates could temper advertiser budgets in the near term.

For a deeper, data-rich perspective on how these dynamics translate into valuation metrics, consider exploring ValueRay’s analyst tools.

TTD Stock Overview

Market Cap in USD	20,795m
Sub-Industry	Application Software
IPO / Inception	2016-09-21
Return 12m vs S&P 500	-70.4%
Analyst Rating	4.15 of 5

TTD Dividends

Currently no dividends paid

TTD Growth Ratios

CAGR	-6.26%
CAGR/Max DD Calmar Ratio	-0.09
CAGR/Mean DD Pain Ratio	-0.30
Current Volume	13144.6k
Average Volume	9623.2k

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (438.6m TTM) > 0 and > 6% of Revenue (6% = 167.4m TTM)

FCFTA 0.11 (>2.0%) and ΔFCFTA 2.05pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 76.17% (prev 96.26%; Δ -20.09pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.15 (>3.0%) and CFO 880.5m > Net Income 438.6m (YES >=105%, WARN >=100%)

Net Debt (-277.2m) to EBITDA (635.7m) ratio: -0.44 <= 3.0 (WARN <= 3.5)

Current Ratio 1.71 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (493.0m) change vs 12m ago -1.91% (target <= -2.0% for YES)

Gross Margin 78.81% (prev 81.06%; Δ -2.25pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 48.76% (prev 41.95%; Δ 6.81pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -6.41 (EBITDA TTM 635.7m / Interest Expense TTM -82.3m) >= 6 (WARN >= 3)

Altman Z'' 2.65

(A) 0.36 = (Total Current Assets 5.12b - Total Current Liabilities 2.99b) / Total Assets 5.94b

(B) -0.06 = Retained Earnings (Balance) -364.4m / Total Assets 5.94b

(D) -0.11 = Book Value of Equity -364.4m / Total Liabilities 3.34b

Total Rating: 2.65 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 77.47

1. Piotroski 6.0pt = 1.0

2. FCF Yield 3.46% = 1.73

3. FCF Margin 24.43% = 6.11

4. Debt/Equity 0.14 = 2.49

5. Debt/Ebitda -0.44 = 2.50

6. ROIC - WACC (= 2.37)% = 2.96

7. RoE 16.00% = 1.33

8. Rev. Trend 87.23% = 6.54

9. EPS Trend 56.06% = 2.80

What is the price of TTD shares?

As of November 12, 2025, the stock is trading at USD 44.20 with a total of 13,144,600 shares traded.
Over the past week, the price has changed by -6.44%, over one month by -13.80%, over three months by -16.88% and over the past year by -65.83%.

Is Trade Desk a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Trade Desk (NASDAQ:TTD) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 77.47 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TTD is around 34.47 USD . This means that TTD is currently overvalued and has a potential downside of -22.01%.

Is TTD a buy, sell or hold?

Trade Desk has received a consensus analysts rating of 4.15. Therefore, it is recommended to buy TTD.

Strong Buy: 23
Buy: 5
Hold: 11
Sell: 0
Strong Sell: 2

What are the forecasts/targets for the TTD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	67.4	52.6%
Analysts Target Price	67.4	52.6%
ValueRay Target Price	38.9	-12%

TTD Fundamental Data Overview November 09, 2025

Market Cap USD = 20.79b (20.79b USD * 1.0 USD.USD)
P/E Trailing = 48.8636
P/E Forward = 38.0228
P/S = 7.4519
P/B = 9.2281
P/EG = 1.5097
Beta = 1.05
Revenue TTM = 2.79b USD
EBIT TTM = 527.8m USD
EBITDA TTM = 635.7m USD
Long Term Debt = 312.2m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 73.1m USD (from shortTermDebt, last quarter)
Debt = 376.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -277.2m USD (from netDebt column, last quarter)
Enterprise Value = 19.73b USD (20.79b + Debt 376.0m - CCE 1.45b)
Interest Coverage Ratio = -6.41 (Ebit TTM 527.8m / Interest Expense TTM -82.3m)
FCF Yield = 3.46% (FCF TTM 681.8m / Enterprise Value 19.73b)
FCF Margin = 24.43% (FCF TTM 681.8m / Revenue TTM 2.79b)
Net Margin = 15.72% (Net Income TTM 438.6m / Revenue TTM 2.79b)
Gross Margin = 78.81% ((Revenue TTM 2.79b - Cost of Revenue TTM 591.2m) / Revenue TTM)
Gross Margin QoQ = 78.07% (prev 78.25%)
Tobins Q-Ratio = 3.32 (Enterprise Value 19.73b / Total Assets 5.94b)
Interest Expense / Debt = 9.73% (Interest Expense 36.6m / Debt 376.0m)
Taxrate = 35.64% (64.0m / 179.5m)
NOPAT = 339.7m (EBIT 527.8m * (1 - 35.64%))
Current Ratio = 1.71 (Total Current Assets 5.12b / Total Current Liabilities 2.99b)
Debt / Equity = 0.14 (Debt 376.0m / totalStockholderEquity, last quarter 2.60b)
Debt / EBITDA = -0.44 (Net Debt -277.2m / EBITDA 635.7m)
Debt / FCF = -0.41 (Net Debt -277.2m / FCF TTM 681.8m)
Total Stockholder Equity = 2.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.38% (Net Income 438.6m / Total Assets 5.94b)
RoE = 16.00% (Net Income TTM 438.6m / Total Stockholder Equity 2.74b)
RoCE = 17.29% (EBIT 527.8m / Capital Employed (Equity 2.74b + L.T.Debt 312.2m))
RoIC = 12.19% (NOPAT 339.7m / Invested Capital 2.79b)
WACC = 9.82% (E(20.79b)/V(21.17b) * Re(9.88%) + D(376.0m)/V(21.17b) * Rd(9.73%) * (1-Tc(0.36)))
Discount Rate = 9.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.67%
[DCF Debug] Terminal Value 75.27% ; FCFE base≈616.7m ; Y1≈741.2m ; Y5≈1.19b
Fair Price DCF = 33.58 (DCF Value 14.79b / Shares Outstanding 440.3m; 5y FCF grow 21.55% → 3.0% )
EPS Correlation: 56.06 | EPS CAGR: 6.34% | SUE: 0.32 | # QB: 0
Revenue Correlation: 87.23 | Revenue CAGR: 16.08% | SUE: 1.20 | # QB: 1

Additional Sources for TTD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle