The Trade Desk

TTD Communication Services Advertising Agencies

The Trade Desk’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 18.5% from fiscal 2024.

Revenue
+3.03%
EPS
−22.2%
Free cash flow
+29.8%

Quarter to June 2026, against a year earlier

12.81 0.42 −3.17%
Market cap
$6.1B
P/E
15.1×
Fwd P/E
32.6×
Dividend yield
—
F-score
7/9
Altman Z
4.07
Beneish M
−2.80
Dividend safety
n/a

The Trade Desk (TTD) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, The Trade Desk (TTD) trades at a price to free cash flow of 6.9×. Over the past ten years it has ranged from 0.0× (September 2016) to 717× (February 2020); the current reading is higher than 1% of that period. That is below the Advertising Agencies industry median of 8.4× and below the Communication Services sector median of 10.2×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 23.7× (74.05%)
FY2024 91.2× 43.51%
FY2023 63.6× 35.49%
FY2022 46.9× (65.80%)
FY2021 137× 20.24%
FY2020 114× (80.67%)
FY2019 590× 635.64%
FY2018 80.2× (22.00%)
FY2017 103× 1,276.77%
FY2016 7.5× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 9.8× (24.54%)
Mar 2026 13.0× (45.14%)
Dec 2025 23.7× (32.81%)
Sep 2025 35.2× (25.61%)
39 more quarters

Against its own ten years

Low 0.0× High 717×
Ten-year median 82.0×
Current reading's percentile 1

Price to free cash flow against peers

Company Price to free cash flow
LFTO Liftoff Mobile, Inc compare n/m
WPP WPP PLC compare n/m
ZD Ziff Davis, Inc. compare 6.2×
TTD The Trade Desk 6.9×
OMC Omnicom Group Inc. compare 8.4×
STGW Stagwell Inc. compare 9.8×
QNST QuinStreet, Inc. compare 9.9×
DV DoubleVerify Holdings, Inc. compare 12.6×
MGNI Magnite, Inc. compare 17.8×
Advertising Agencies industry median 8.4×
Communication Services sector median 10.2×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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