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The Trade Desk TTD Return on invested capital

Return on invested capital at other companies

Amazon logo
AmazonAMZN
14%-3.8pp
Meta Platforms, Inc. logo
Meta Platforms, Inc.META
27.8%-8.5pp
Applovin Corporation logo
Applovin CorporationAPP
118.2%+55.3pp
Adobe logo
AdobeADBE
53.9%+2.4pp
TransUnion logo
TransUnionTRU
9.1%+2.9pp
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 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 return on invested capital?
The Trade Desk (TTD) reported return on invested capital of 20% in Q1 2026.
How has The Trade Desk's return on invested capital changed year-over-year?
The Trade Desk's return on invested capital decreased by 1.6% year-over-year, from 20.3% to 20%.
What is the long-term trend for The Trade Desk's return on invested capital?
Over 4 years (2020 to 2025), The Trade Desk's return on invested capital has grown at a 0.5% compound annual growth rate (CAGR), from 18.7% to 19.1%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.