What are The Trade Desk's profit margins?

The Trade Desk (TTD) runs a 77.8% gross margin and a 20.3% operating margin, with a 14.6% net margin.

Where do The Trade Desk's ratios come from?

Every ratio is computed from The Trade Desk's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

The Trade Desk TTD Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	78.6%-2.1pp	80.7%-0.5pp	81.2%-1.0pp	82.2%+0.7pp
Operating margin	20.3%+2.9pp	17.5%+7.2pp	10.3%+3.1pp	7.2%—
Net margin	15.3%-0.8pp	16.1%+6.9pp	9.2%+5.8pp	3.4%-8.1pp
EBITDA margin	24.3%+3.3pp	21.1%+6.6pp	14.4%+3.8pp	10.7%—
Free cash flow margin	27.5%+1.2pp	26.2%-2.1pp	28.3%-1.1pp	29.4%+2.4pp
Returns
Return on equity	16.3%+0.9pp	15.4%+7.0pp	8.4%+5.4pp	2.9%-7.9pp
Return on assets	7.2%+0.1pp	7.1%+3.3pp	3.9%+2.5pp	1.3%-3.0pp
Return on invested capital	19.1%-0.4pp	19.5%+10.1pp	9.4%+4.7pp	4.7%—
Efficiency
Asset turnover	0.5×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	1.6×-0.2×	1.9×+0.1×	1.7×-0.2×	1.9×+0.2×
Quick ratio	1.6×-0.2×	1.9×+0.1×	1.7×-0.2×	1.9×+0.2×
Cash ratio	0.2×-0.3×	0.5×+0.1×	0.4×-0.2×	0.5×+0.1×
Leverage
Debt-to-equity	0.2×+0.1×	0.1×0.0×	0.1×0.0×	0.1×-0.1×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0×0.0×	0.1×0.0×
Net debt / EBITDA	-0.3×+1.7×	-2.1×+0.3×	-2.3×+2.2×	-4.6×—
Per Share
Book value per share	$5.03-14.3%	$5.88+35.8%	$4.33+2.3%	$4.23+38.1%
Valuation
Market capitalization	$18.36B-68.4%	$58.01B+64.7%	$35.22B+60.5%	$21.94B-50.2%
Enterprise value	$18.14B-68.2%	$56.95B+64.8%	$34.56B+63.2%	$21.18B-51.4%
Price / earnings	41.4×-106×	147.6×-49.3×	196.8×-214×	411.1×+91.3×
Price / sales	6.3×-17.4×	23.7×+5.6×	18.1×+4.2×	13.9×-22.9×
Price / book	7.4×-12.3×	19.7×+3.4×	16.3×+5.9×	10.4×-18.5×
EV / EBITDA	25.7×-84.9×	110.7×-12.4×	123×-2.9×	126×—
EV / sales	6.3×-17.0×	23.3×+5.5×	17.8×+4.3×	13.4×-23.0×
Free cash flow yield	4.3%+3.2pp	1.1%-0.5pp	1.6%-0.6pp	2.1%+1.4pp
Earnings yield	2.4%+1.7pp	0.7%+0.2pp	0.5%+0.3pp	0.2%-0.1pp
PEG ratio	3.2×+2.0×	1.2×+0.4×	0.8×—	——

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Questions, answered.

What are The Trade Desk's profit margins?: The Trade Desk (TTD) runs a 77.8% gross margin and a 20.3% operating margin, with a 14.6% net margin.
Where do The Trade Desk's ratios come from?: Every ratio is computed from The Trade Desk's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.