Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
TTD · Nasdaq · Technology
Fundamental quality
85
out of 100
Trade Desk, Inc. grows profitably: it increases revenue at double digits (27.3% a year) without giving up profitability (net margin 14.6%). On fundamental quality it scores 85 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
The Trade Desk is the leading independent platform for buying digital advertising programmatically: agencies and advertisers use it to bid in real time for ads on the open web, connected TV and audio. It is the alternative to buying inside Google's or Meta's walled gardens.
EPS growth: 11.8% · Revenue growth: 27.3%
Net margin: 14.6% · ROE: 17.6% · ROIC: 25%
Net debt/EBITDA: -1.21x · FCF: 28.4%
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength, and here its pillars hold up evenly.
Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 836 | 242 | 331 | -437 |
| 2021 | 1,196 | 138 | 324 | -754 |
| 2022 | 1,578 | 53 | 465 | -1,031 |
| 2023 | 1,946 | 179 | 552 | -895 |
| 2024 | 2,445 | 393 | 641 | -1,369 |
| 2025 | 2,896 | 443 | 796 | -658 |
Between 2020 and 2025, revenue went from $836M to $2,896M (+246%) and net income went from $242M to $443M (+83%). Meanwhile, its margins have narrowed (from 29% to 15%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
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Is Trade Desk, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Trade Desk, Inc. a good company to invest in?
In terms of business quality, Trade Desk, Inc. scores 85 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Trade Desk, Inc. a profitable company?
Yes. Trade Desk, Inc. shows a net margin of 14.6% and an ROE of 17.6%, a sign of a profitable business.
Does Trade Desk, Inc. have a lot of debt?
No. Trade Desk, Inc. has a net cash position: more cash than debt.
Is Trade Desk, Inc. growing?
Its revenue has grown 27.3% annualized in recent years and its earnings per share 11.8%, and without interruption since 2020.
Does Trade Desk, Inc. generate cash?
Yes. It converts about 28.4% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Trade Desk, Inc.'s filings on EDGAR
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