(TTD) Trade Desk - Ratings and Ratios

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

Platform, Data, Analytics, Optimization, Measurement

Stock: Application Software
Age 9.3y
MCap 17,714m
Avg Vol 10.5M (399M USD)
Beta 1.485
Volatility 55.57%

EPS (Earnings per Share)

EPS (Earnings per Share) of TTD over the last years for every Quarter: "2020-12": 0.37, "2021-03": 0.14, "2021-06": 0.18, "2021-09": 0.18, "2021-12": 0.42, "2022-03": 0.21, "2022-06": 0.2, "2022-09": 0.26, "2022-12": 0.38, "2023-03": 0.23, "2023-06": 0.28, "2023-09": 0.33, "2023-12": 0.41, "2024-03": 0.26, "2024-06": 0.39, "2024-09": 0.41, "2024-12": 0.59, "2025-03": 0.33, "2025-06": 0.41, "2025-09": 0.45, "2025-12": 0,
EPS CAGR: -41.28%
EPS Trend: 22.3%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of TTD over the last years for every Quarter: 2020-12: 319.905, 2021-03: 219.811, 2021-06: 279.967, 2021-09: 301.091, 2021-12: 395.598, 2022-03: 315.323, 2022-06: 376.962, 2022-09: 394.773, 2022-12: 490.737, 2023-03: 382.803, 2023-06: 464.254, 2023-09: 493.266, 2023-12: 605.797, 2024-03: 491.253, 2024-06: 584.55, 2024-09: 628.016, 2024-12: 741.012, 2025-03: 616.021, 2025-06: 694.039, 2025-09: 739.433, 2025-12: null,
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 55.6%
Value at Risk 5%th 78.7%
Relative Tail Risk -13.90%
Reward TTM
Sharpe Ratio -1.28
Alpha -95.18
CAGR/Max DD -0.12
Character TTM
Hurst Exponent 0.635
Beta 1.485
Beta Downside 2.059
Drawdowns 3y
Max DD 74.57%
Mean DD 24.66%
Median DD 14.24%

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) 7.0

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 1534 (EBITDA TTM 654.0m / Interest Expense TTM 356.0k) >= 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
(C) 0.10 = EBIT TTM 546.1m / Avg Total Assets 5.72b
(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) 76.68

1. Piotroski 7.0pt
2. FCF Yield 4.13%
3. FCF Margin 24.64%
4. Debt/Equity 0.14
5. Debt/Ebitda -0.42
6. ROIC - WACC (= 1.67)%
7. RoE 16.00%
8. Rev. Trend 92.37%
9. EPS Trend 22.33%

What is the price of TTD shares?

As of January 17, 2026, the stock is trading at USD 35.48 with a total of 12,509,848 shares traded.
Over the past week, the price has changed by -4.85%, over one month by -3.17%, over three months by -28.90% and over the past year by -70.64%.

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 59.5 67.7%
Analysts Target Price 59.5 67.7%
ValueRay Target Price 33.1 -6.7%

TTD Fundamental Data Overview January 17, 2026

P/E Trailing = 41.1705
P/E Forward = 28.3286
P/S = 6.3481
P/B = 6.7367
P/EG = 1.1326
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 = 16.64b USD (17.71b + Debt 376.0m - CCE 1.45b)
Interest Coverage Ratio = 1534 (Ebit TTM 546.1m / Interest Expense TTM 356.0k)
EV/FCF = 24.21x (Enterprise Value 16.64b / FCF TTM 687.5m)
FCF Yield = 4.13% (FCF TTM 687.5m / Enterprise Value 16.64b)
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 = 2.80 (Enterprise Value 16.64b / Total Assets 5.94b)
Interest Expense / Debt = 0.09% (Interest Expense 356.0k / 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 = 7.66% (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 = 11.15% (E(17.71b)/V(18.09b) * Re(11.39%) + D(376.0m)/V(18.09b) * Rd(0.09%) * (1-Tc(0.36)))
Discount Rate = 11.39% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.67%
[DCF Debug] Terminal Value 71.22% ; FCFF base≈620.2m ; Y1≈745.3m ; Y5≈1.20b
Fair Price DCF = 28.63 (EV 12.33b - Net Debt -277.2m = Equity 12.61b / Shares 440.3m; r=11.15% [WACC]; 5y FCF grow 21.55% → 2.90% )
EPS Correlation: 22.33 | EPS CAGR: -41.28% | SUE: -4.0 | # 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=2.09 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+17.6% | Growth Revenue=+16.1%

Additional Sources for TTD Stock

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