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The Trade Desk TTD Free cash flow margin

Free cash flow margin at other companies

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AmazonAMZN
1.4%-1.8pp
Meta Platforms, Inc. logo
Meta Platforms, Inc.META
22.4%-8.3pp
Applovin Corporation logo
Applovin CorporationAPP
58.1%
Adobe logo
AdobeADBE
40.8%-1.0pp
TransUnion logo
TransUnionTRU
14.7%+2.8pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$688.9M+11.8%
Gross profit$506.9M+7.1%
Operating income$66.6M+22.4%
Net income$40.0M-21.1%
EPS (diluted)$0.08-20.0%

Balance sheet

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Cash & equivalents$878.4M-21.5%
Total debt$423.6M+26.5%
Total equity$2.5B-9.7%
Total assets$5.7B+0.5%

Cash flow

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Operating cash flow$391.8M+34.4%
CapEx$112.7M+90.7%
Free cash flow$279.1M+20.1%

Valuation

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Market cap$8.7B-60.2%
Enterprise value$8.25B-60.8%
P/E20.1×-33.0×
P/S2.9×-5.6×

Profitability

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Gross margin77.8%-2.3pp
Operating margin20.3%+2.6pp
Net margin14.6%-1.5pp

Returns & leverage

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Return on equity16.7%-0.1pp
Debt / equity0.2×0.0×
Current ratio1.7×-0.1×

Where this comes from

Calculated from The Trade Desk’s reported figures.

Based on trailing twelve months.

The official record: The Trade Desk’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Trade Desk's free cash flow margin?
The Trade Desk (TTD) reported free cash flow margin of 28.4% in Q1 2026.
How has The Trade Desk's free cash flow margin changed year-over-year?
The Trade Desk's free cash flow margin increased by 4.9% year-over-year, from 27.1% to 28.4%.
What is the long-term trend for The Trade Desk's free cash flow margin?
Over 5 years (2020 to 2025), The Trade Desk's free cash flow margin has grown at a -7.0% compound annual growth rate (CAGR), from 39.6% to 27.5%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.