Overview Dividends

(TTD) Trade Desk - Ratings and Ratios

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

Platform, Data, Analytics, Optimization, Measurement

Application Software
Market Cap in USD: 18,101m

IPO / Inception: 2016-09-21
Return 12m vs S&P 500: -75.5%

EPS (Earnings per Share)

EPS CAGR: 1.86%
EPS Trend: 59.0%

Last SUE: 0.32
Qual. Beats: 0

Revenue

Rev. CAGR: 18.15%
Rev. Trend: 92.4%

Last SUE: 1.20
Qual. Beats: 1

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	56.7%
Value at Risk 5%th	80.1%
Relative Tail Risk	-14.08%

Reward TTM
Sharpe Ratio	-1.34
Alpha	-88.44
CAGR/Max DD	-0.10

Character TTM
Hurst Exponent	0.601
Beta	1.488
Beta Downside	2.127

Drawdowns 3y
Max DD	74.06%
Mean DD	22.82%
Median DD	12.98%

Description: TTD Trade Desk December 17, 2025

The Trade Desk (NASDAQ:TTD) is a U.S.–based technology firm that provides a self-service, cloud-native platform for buying and managing digital advertising across formats-including video, display, audio, DOOH, native, and social-and devices such as computers, mobiles, TVs, and streaming boxes. Its suite of data and value-added services enables agencies, advertisers, and their service providers to plan, optimize, and measure campaigns in real time.

In FY 2023 the company generated $1.55 billion in revenue, up 19 % YoY, with an operating margin of roughly 30 % and a cash balance exceeding $2.5 billion. Active advertisers surpassed 13,000, and CTV (connected-TV) now accounts for over 40 % of total spend on the platform-a trend driven by the broader shift toward video-first consumption and the industry-wide migration to programmatic ad buying, which is forecast to grow at a 15 % CAGR through 2027.

For a deeper dive into how these dynamics translate into valuation metrics, you might explore ValueRay’s analyst toolkit for additional context.

Piotroski VR‑10 (Strict, 0-10) 6.0

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

FCFTA 0.12 (>2.0%) and ΔFCFTA 2.15pp (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 (654.0m) ratio: -0.42 <= 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 -8.53 (EBITDA TTM 654.0m / Interest Expense TTM -64.0m) >= 6 (WARN >= 3)

Altman Z'' 2.67

(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: 2.67 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 77.17

1. Piotroski 6.0pt

2. FCF Yield 4.04%

3. FCF Margin 24.64%

4. Debt/Equity 0.14

5. Debt/Ebitda -0.42

6. ROIC - WACC (= 1.43)%

7. RoE 16.00%

8. Rev. Trend 92.37%

9. EPS Trend 58.96%

What is the price of TTD shares?

As of December 18, 2025, the stock is trading at USD 37.17 with a total of 14,198,156 shares traded.
Over the past week, the price has changed by -5.23%, over one month by -7.56%, over three months by -18.07% and over the past year by -72.47%.

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	62	66.9%
Analysts Target Price	62	66.9%
ValueRay Target Price	33	-11.3%

TTD Fundamental Data Overview December 13, 2025

Market Cap USD = 18.10b (18.10b USD * 1.0 USD.USD)
P/E Trailing = 42.0682
P/E Forward = 30.6748
P/S = 6.4865
P/B = 7.2926
P/EG = 1.2261
Beta = 1.069
Revenue TTM = 2.79b USD
EBIT TTM = 546.1m USD
EBITDA TTM = 654.0m USD
Long Term Debt = 376.0m USD (from capitalLeaseObligations, last quarter)
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 = 17.03b USD (18.10b + Debt 376.0m - CCE 1.45b)
Interest Coverage Ratio = -8.53 (Ebit TTM 546.1m / Interest Expense TTM -64.0m)
FCF Yield = 4.04% (FCF TTM 687.5m / Enterprise Value 17.03b)
FCF Margin = 24.64% (FCF TTM 687.5m / 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 = 2.87 (Enterprise Value 17.03b / Total Assets 5.94b)
Interest Expense / Debt = 9.73% (Interest Expense 36.6m / Debt 376.0m)
Taxrate = 35.64% (64.0m / 179.5m)
NOPAT = 351.5m (EBIT 546.1m * (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 = -0.42 (Net Debt -277.2m / EBITDA 654.0m)
Debt / FCF = -0.40 (Net Debt -277.2m / FCF TTM 687.5m)
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 = 17.52% (EBIT 546.1m / Capital Employed (Equity 2.74b + L.T.Debt 376.0m))
RoIC = 12.82% (NOPAT 351.5m / Invested Capital 2.74b)
WACC = 11.39% (E(18.10b)/V(18.48b) * Re(11.50%) + D(376.0m)/V(18.48b) * Rd(9.73%) * (1-Tc(0.36)))
Discount Rate = 11.50% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.67%
[DCF Debug] Terminal Value 70.53% ; FCFE base≈620.2m ; Y1≈745.4m ; Y5≈1.20b
Fair Price DCF = 27.11 (DCF Value 11.94b / Shares Outstanding 440.3m; 5y FCF grow 21.55% → 3.0% )
EPS Correlation: 58.96 | EPS CAGR: 1.86% | SUE: 0.32 | # QB: 0
Revenue Correlation: 92.37 | Revenue CAGR: 18.15% | SUE: 1.20 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.35 | Chg30d=+0.000 | Revisions Net=-7 | Analysts=16
EPS next Year (2026-12-31): EPS=2.08 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+17.4% | Growth Revenue=+16.1%

Additional Sources for TTD Stock

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