TTD Stock Analysis: Trade Desk | NASDAQ
Advertising Agencies | NASDAQ, USA | Market Cap: 6.222m USD | 12M Return: -76.3% | US88339J1051 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 190M
EPS Trend: 66.0%
Qual. Beats: -1
Rev. Trend: 98.9%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10 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 (NASDAQ: TTD) is a U.S.-headquartered technology company that operates a demand-side platform (DSP) for programmatic digital advertising. Founded in 2009 and based in Ventura, California, the company went public in September 2016 and is classified within the GICS Communication Services sector, under the Advertising sub-industry.
Its platform enables advertising agencies, advertisers, and other service providers to create, manage, and optimize digital ad campaigns across multiple formats-including connected TV (CTV), video, display, audio, and native-delivered across televisions, streaming devices, mobile, computers, and digital-out-of-out-of-home screens. The Trade Desk complements its core buying platform with data and value-added services that support audience targeting and campaign measurement, and it operates both in the United States and internationally as a mid-cap stock.
- CTV and retail media expansion drives top-line growth
- Google cookie deprecation accelerates shift to independent ad platforms
- Competition from Amazon and Google pressures market share and margins
| Net Income: 406.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 2.41 > 1.0 |
| NWC/Revenue: 67.63% < 20% (prev 78.56%; Δ -10.93% < -1%) |
| CFO/TA 0.19 > 3% & CFO 1.08b > Net Income 406.9m |
| Net Debt (-1.05b) to EBITDA (769.6m): -1.37 < 3 |
| Current Ratio: 1.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (469.9m) vs 12m ago -5.21% < -2% |
| Gross Margin: 76.87% > 18% (prev 79.41%; Δ -2.53% > 0.5%) |
| Asset Turnover: 51.02% > 50% (prev 44.97%; Δ 6.05% > 0%) |
| Interest Coverage Ratio: 582.9 > 6 (EBIT TTM 642.9m / Interest Expense TTM 1.10m) |
| A: 0.35 (Total Current Assets 4.82b - Total Current Liabilities 2.79b) / Total Assets 5.76b |
| B: -0.12 (Retained Earnings -719.5m / Total Assets 5.76b) |
| C: 0.11 (EBIT TTM 642.9m / Avg Total Assets 5.86b) |
| D: 0.81 (Book Value of Equity 2.57b / Total Liabilities 3.19b) |
| Altman-Z'' = 3.48 = A |
| DSRI: 0.88 (Receivables 3.20b/3.25b, Revenue 2.99b/2.68b) |
| GMI: 1.03 (GM 79.41% / 76.87%) |
| AQI: 0.50 (AQ_t 0.03 / AQ_t-1 0.05) |
| SGI: 1.12 (Revenue 2.99b / 2.68b) |
| TATA: -0.12 (NI 406.9m - CFO 1.08b) / TA 5.76b) |
| Beneish M = -3.32 (Cap -4..+1) = AA |
As of October 28, 2026, the stock is trading at USD 12.70 with a total of 8,913,838 shares traded. Over the past week, the price has changed by +0.40%, over one month by +2.92%, over three months by -28.97% and over the past year by -76.31%.
Current recommended Stop Loss: 12.00 (which is 5.5% or 1.3 ATR below the current price).
Trade Desk has received a consensus analysts rating of 2.89. Therefore, it is recommended to hold TTD.
- StrongBuy: 4
- Buy: 1
- Hold: 23
- Sell: 3
- StrongSell: 5
| Analysts Target Price | 13.5 | 6.5% |
P/E Trailing = 15.8554
P/E Forward = 13.9276
P/S = 2.0808
P/B = 2.3288
P/EG = 0.9107
Revenue TTM = 2.99b USD
EBIT TTM = 642.9m USD
EBITDA TTM = 769.6m USD
Long Term Debt = 353.2m USD (estimated: total debt 434.1m - short term 80.9m)
Short Term Debt = 80.9m USD (from shortTermDebt, last quarter)
Debt = 434.1m USD (from shortLongTermDebtTotal, last quarter) (leases 434.1m already included)
Net Debt = -1.05b USD (calculated: Debt 434.1m - CCE 1.49b)
Enterprise Value = 5.17b USD (6.22b + Debt 434.1m - CCE 1.49b)
Interest Coverage Ratio = 582.9 (Ebit TTM 642.9m / Interest Expense TTM 1.10m)
EV/FCF = 6.01x (Enterprise Value 5.17b / FCF TTM 860.4m)
FCF Yield = 16.64% (FCF TTM 860.4m / Enterprise Value 5.17b)
FCF Margin = 28.77% (FCF TTM 860.4m / Revenue TTM 2.99b)
Net Margin = 13.61% (Net Income TTM 406.9m / Revenue TTM 2.99b)
Gross Margin = 76.87% ((Revenue TTM 2.99b - Cost of Revenue TTM 691.6m) / Revenue TTM)
Gross Margin QoQ = 74.22% (prev 73.58%)
Tobins Q-Ratio = 0.90 (Enterprise Value 5.17b / Total Assets 5.76b)
Interest Expense / Debt = 0.25% (Interest Expense 1.10m / Debt 434.1m)
Taxrate = 36.61% (234.9m / 641.8m)
NOPAT = 407.6m (EBIT 642.9m * (1 - 36.61%))
Current Ratio = 1.72 (Total Current Assets 4.82b / Total Current Liabilities 2.79b)
Debt / Equity = 0.17 (Debt 434.1m / totalStockholderEquity, last quarter 2.57b)
Debt / EBITDA = -1.37 (Net Debt -1.05b / EBITDA 769.6m)
Debt / FCF = -1.22 (Net Debt -1.05b / FCF TTM 860.4m)
Total Stockholder Equity = 2.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.94% (Net Income 406.9m / Total Assets 5.76b)
RoE = 16.09% (Net Income TTM 406.9m / Total Stockholder Equity 2.53b)
RoCE = 22.31% (EBIT 642.9m / Capital Employed (Equity 2.53b + L.T.Debt 353.2m))
RoIC = 14.04% (NOPAT 407.6m / Invested Capital 2.90b)
WACC = 8.83% (E(6.22b)/V(6.66b) * Re(9.43%) + D(434.1m)/V(6.66b) * Rd(0.25%) * (1-Tc(0.37)))
Discount Rate = 9.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -84.14 | Cagr: -2.56%
[DCF] Terminal Value 76.44% ; FCFF base≈814.5m ; Y1≈933.7m ; Y5≈1.37b
[DCF] Fair Price = 46.86 (EV 19.1b - Net Debt -1.05b = Equity 20.1b / Shares 429.7m; r=8.83% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 66.01 | EPS CAGR: 8.18% | SUE: -0.85 | # QB: -1
Revenue Correlation: 98.91 | Revenue CAGR: 20.51% | SUE: -2.22 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.25 | Chg30d=+0.47% | Revisions=-85% | Analysts=17
EPS current Year (2026-12-31): EPS=1.16 | Chg30d=+0.22% | Revisions=-25% | GrowthEPS=-34.5% | GrowthRev=-5.0%
EPS next Year (2027-12-31): EPS=1.00 | Chg30d=+0.95% | Revisions=+17% | GrowthEPS=-13.3% | GrowthRev=-5.4%
[Analyst] Revisions Ratio: -71% (up=2, down=19)