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The Trade Desk TTD Net debt / EBITDA

Net debt / EBITDA at other companies

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AmazonAMZN
0.9×+0.2×
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Meta Platforms, Inc.META
0.5×+0.3×
Applovin Corporation logo
Applovin CorporationAPP
0.2×-1.0×
Adobe logo
AdobeADBE
0.2×0.0×
TransUnion logo
TransUnionTRU
3.4×-0.1×
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
FCF margin28.4%+1.3pp

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 the most recent quarter.

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 net debt / EBITDA?
The Trade Desk (TTD) reported net debt / EBITDA of -0.6× in Q1 2026.
How has The Trade Desk's net debt / EBITDA changed year-over-year?
The Trade Desk's net debt / EBITDA increased by 56.5% year-over-year, from -1.4× to -0.6×.
What is the long-term trend for The Trade Desk's net debt / EBITDA?
Over 4 years (2020 to 2025), The Trade Desk's net debt / EBITDA has grown at a -21.7% compound annual growth rate (CAGR), from -0.8× to -0.3×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.