Stocktoria

Trade Desk, Inc. TTD

Nasdaq · stock · Services-Computer Programming, Data Processing, Etc. · website · IPO 2016-09-21

Trade Desk, Inc. statistics & valuation

P / E19.5×
P / S3.0×
P / B3.5×
P / FCF10.9×
Net margin15.3%
FCF margin27.5%
Return on capital20.4%
Graham number -25.2%$10.10

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($10.10); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.10% 16.50% 18.50% 16.40% 29.00% 11.50% 3.40% 9.20% 16.10% 15.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
28.30% 22.50% 22.50% 17.00% 17.20% 10.40% 7.20% 10.30% 17.50% 20.30% 2016201720182019202020212022202320242025
Return on equity (%)
12.50% 20.70% 22.30% 17.70% 23.90% 9.00% 2.50% 8.30% 13.30% 17.80% 2016201720182019202020212022202320242025
Shares outstanding
182.8M 440.6M 457.9M 478.1M 489.9M 498.5M 499.9M 500.2M 501.9M 493.6M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.80% 6.40% 7.90% 6.30% 8.80% 3.90% 1.20% 3.70% 6.40% 7.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
33.60% 6.90% 14.00% 3.70% 39.60% 27.10% 29.40% 28.30% 26.20% 27.50% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.15 $0.11 $0.19 $0.23 $0.49 $0.28 $0.11 $0.36 $0.78 $0.90 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Trade Desk, Inc. trades at about 15× earnings — below its 10-year norm (10-year range 33.7×–460.9×, median 152.2×).

15× 460.9×

Shaded band = 10-year range (33.7×–460.9×); dot = today's 15×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin20.3%17.5%10.3%7.2%10.4%17.2%17.0%22.5%22.5%28.3%
Net margin15.3%16.1%9.2%3.4%11.5%29.0%16.4%18.5%16.5%10.1%
FCF margin27.5%26.2%28.3%29.4%27.1%39.6%3.7%14.0%6.9%33.6%
Return on assets7.2%6.4%3.7%1.2%3.9%8.8%6.3%7.9%6.4%3.8%
Return on equity17.8%13.3%8.3%2.5%9.0%23.9%17.7%22.3%20.7%12.5%
Current ratio1.611.861.721.901.711.571.561.481.481.50

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.