TTD Stock Analysis: Trade Desk | NASDAQ
Advertising Agencies | NASDAQ, USA | Market Cap: 7.893m USD | 12M Return: -77.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 246M
EPS Trend: 81.1%
Qual. Beats: 2
Rev. Trend: 99.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Trade Desk, Inc. (NASDAQ: TTD) is a U.S.-based technology company that operates domestically and internationally, providing a software platform for creating, managing, and optimizing digital advertising campaigns. Its platform supports a wide range of ad formats-including connected TV (CTV), video, display, audio, and native advertising-across televisions, streaming devices, mobile devices, computers, and digital-out-of-home screens. The company also offers data and value-added services to its clients, which primarily include advertising agencies, advertisers, and other service providers serving those groups. Founded in 2009 and headquartered in Ventura, California, Trade Desk went public in 2016 and is classified within the Application Software sub-industry of the Information Technology sector, reflecting its position as a software-driven participant in the programmatic advertising ecosystem. CTV advertising has become an increasingly significant segment of the digital ad market, as advertisers shift spending from traditional television to streaming platforms-an area where Trade Desks cross-channel capabilities are well positioned.
- CTV ad spend shift from linear TV accelerates programmatic growth
- Cookieless transition favors independent platforms over walled gardens
- Retail media network deals diversify revenue beyond connected TV
| Net Income: 432.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 2.57 > 1.0 |
| NWC/Revenue: 66.39% < 20% (prev 84.62%; Δ -18.22% < -1%) |
| CFO/TA 0.19 > 3% & CFO 1.09b > Net Income 432.6m |
| Net Debt (-982.3m) to EBITDA (785.5m): -1.25 < 3 |
| Current Ratio: 1.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (476.9m) vs 12m ago -5.18% < -2% |
| Gross Margin: 77.83% > 18% (prev 80.11%; Δ -2.27% > 0.5%) |
| Asset Turnover: 51.91% > 50% (prev 45.04%; Δ 6.87% > 0%) |
| Interest Coverage Ratio: 1.78k > 6 (EBIT TTM 662.3m / Interest Expense TTM 373k) |
| A: 0.34 (Total Current Assets 4.86b - Total Current Liabilities 2.89b) / Total Assets 5.73b |
| B: -0.13 (Retained Earnings -725.0m / Total Assets 5.73b) |
| C: 0.12 (EBIT TTM 662.3m / Avg Total Assets 5.72b) |
| D: 0.75 (Book Value of Equity 2.45b / Total Liabilities 3.28b) |
| Altman-Z'' = 3.41 = A |
| DSRI: 0.94 (Receivables 3.32b/3.05b, Revenue 2.97b/2.57b) |
| GMI: 1.03 (GM 80.11% / 77.83%) |
| AQI: 0.49 (AQ_t 0.03 / AQ_t-1 0.06) |
| SGI: 1.16 (Revenue 2.97b / 2.57b) |
| TATA: -0.12 (NI 432.6m - CFO 1.09b) / TA 5.73b) |
| Beneish M = -3.25 (Cap -4..+1) = AA |
As of July 30, 2026, the stock is trading at USD 19.09 with a total of 14,507,287 shares traded. Over the past week, the price has changed by +8.59%, over one month by +2.36%, over three months by -21.67% and over the past year by -77.42%.
Current recommended Stop Loss: 17.80 (which is 6.8% or 1.3 ATR below the current price).
Trade Desk has received a consensus analysts rating of 4.15. Therefore, it is recommended to buy TTD.
- StrongBuy: 23
- Buy: 5
- Hold: 11
- Sell: 0
- StrongSell: 2
| Analysts Target Price | 24.3 | 27.4% |
P/E Trailing = 19.9881
P/E Forward = 15.8479
P/S = 2.6584
P/B = 3.3685
P/EG = 0.8371
Revenue TTM = 2.97b USD
EBIT TTM = 662.3m USD
EBITDA TTM = 785.5m USD
Long Term Debt = 346.1m USD (estimated: total debt 423.6m - short term 77.5m)
Short Term Debt = 77.5m USD (from shortTermDebt, last quarter)
Debt = 423.6m USD (from shortLongTermDebtTotal, last quarter) (leases 423.6m already included)
Net Debt = -982.3m USD (calculated: Debt 423.6m - CCE 1.41b)
Enterprise Value = 6.91b USD (7.89b + Debt 423.6m - CCE 1.41b)
Interest Coverage Ratio = 1.78k (Ebit TTM 662.3m / Interest Expense TTM 373k)
EV/FCF = 8.26x (Enterprise Value 6.91b / FCF TTM 836.7m)
FCF Yield = 12.11% (FCF TTM 836.7m / Enterprise Value 6.91b)
FCF Margin = 28.18% (FCF TTM 836.7m / Revenue TTM 2.97b)
Net Margin = 14.57% (Net Income TTM 432.6m / Revenue TTM 2.97b)
Gross Margin = 77.83% ((Revenue TTM 2.97b - Cost of Revenue TTM 658.2m) / Revenue TTM)
Gross Margin QoQ = 73.58% (prev 80.74%)
Tobins Q-Ratio = 1.21 (Enterprise Value 6.91b / Total Assets 5.73b)
Interest Expense / Debt = 0.09% (Interest Expense 373k / Debt 423.6m)
Taxrate = 34.64% (229.3m / 661.9m)
NOPAT = 432.9m (EBIT 662.3m * (1 - 34.64%))
Current Ratio = 1.68 (Total Current Assets 4.86b / Total Current Liabilities 2.89b)
Debt / Equity = 0.17 (Debt 423.6m / totalStockholderEquity, last quarter 2.45b)
Debt / EBITDA = -1.25 (Net Debt -982.3m / EBITDA 785.5m)
Debt / FCF = -1.17 (Net Debt -982.3m / FCF TTM 836.7m)
Total Stockholder Equity = 2.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.56% (Net Income 432.6m / Total Assets 5.73b)
RoE = 16.91% (Net Income TTM 432.6m / Total Stockholder Equity 2.56b)
RoCE = 22.80% (EBIT 662.3m / Capital Employed (Equity 2.56b + L.T.Debt 346.1m))
RoIC = 15.61% (NOPAT 432.9m / Invested Capital 2.77b)
WACC = 10.68% (E(7.89b)/V(8.32b) * Re(11.25%) + D(423.6m)/V(8.32b) * Rd(0.09%) * (1-Tc(0.35)))
Discount Rate = 11.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -72.86 | Cagr: -2.05%
[DCF] Terminal Value 70.82% ; FCFF base≈776.3m ; Y1≈889.9m ; Y5≈1.31b
[DCF] Fair Price = 34.98 (EV 14.0b - Net Debt -982.3m = Equity 14.9b / Shares 427.0m; r=10.68% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 81.05 | EPS CAGR: 12.10% | SUE: 1.83 | # QB: 2
Revenue Correlation: 99.54 | Revenue CAGR: 22.41% | SUE: 0.62 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.40 | Chg30d=+0.25% | Revisions=-86% | Analysts=20
EPS next Quarter (2026-09-30): EPS=0.50 | Chg30d=+0.20% | Revisions=-75% | Analysts=19
EPS current Year (2026-12-31): EPS=1.85 | Chg30d=+0.10% | Revisions=-71% | GrowthEPS=+4.6% | GrowthRev=+9.7%
EPS next Year (2027-12-31): EPS=2.15 | Chg30d=-0.07% | Revisions=-79% | GrowthEPS=+16.0% | GrowthRev=+9.6%
[Analyst] Revisions Ratio: -86% (up=4, down=73)