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) Return on invested capital

Alert me on Return on invested capital

The Trade Desk's return on invested capital over the twelve months to 30 June 2026 was 33.7%, up 2.5 percentage points from fiscal 2025 (31.2%). Over the past ten years it has ranged from 10.6% (fiscal 2022) to 63.3% (fiscal 2016); the current reading is higher than 64% of that period. That is above the Advertising Agencies industry median of 0.00% and above the Communication Services sector median of 0.00%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 31.2% 5.20
FY2024 26.0% 10.00
FY2023 16.0% 5.36
FY2022 10.6% (3.10)
FY2021 13.7% (9.44)
FY2020 23.2% 3.55
FY2019 19.6% (16.20)
FY2018 35.8% (1.36)
FY2017 37.2% (26.09)
FY2016 63.3% 20.09

Against its own ten years

Low 10.6% High 63.3%
Ten-year median 26.0%
Current reading's percentile 64

Return on invested capital against peers

Company Return on invested capital
TTD The Trade Desk 33.7%
MGNI Magnite, Inc. compare 9.66%
QNST QuinStreet, Inc. compare 8.36%
DV DoubleVerify Holdings, Inc. compare 7.30%
OMC Omnicom Group Inc. compare 5.98%
ZD Ziff Davis, Inc. compare 4.71%
STGW Stagwell Inc. compare 3.95%
WPP WPP PLC compare 0.00%
LFTO Liftoff Mobile, Inc compare 0.00%
Advertising Agencies industry median 0.00%
Communication Services sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on TTD