The Trade Desk, Inc. Financial Ratios — TT8 Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	22.95	24.78	27.54	21.51	29.81	10.85	2.93	8.36	15.37	16.32
Return on Assets (%)	- -	10.2	5.48	7.61	9.21	7.61	10.81	4.35	1.34	3.86	7.15	7.23
Return on Capital (%)	- -	27.56	16.03	22.57	26.81	18.11	- -	- -	2.55	7.49	13.89	14.34
Return on Invested Capital (%)	- -	33.77	19.66	23.93	26.82	17.54	- -	- -	2.28	5.63	11.74	12.88
Gross Margin (%)	71.81	79.82	80.35	78.51	76.09	76.37	78.61	81.48	82.18	81.21	80.69	78.63
EBITDA Margin (%)	3.24	34.97	30.22	24.84	24.96	20.25	20.67	13.96	10.65	14.43	21.05	24.35
Operating Margin (%)	1.72	33.36	28.34	22.5	22.49	16.97	17.25	10.43	7.2	10.3	17.47	20.35
Incremental Operating Margin (%)	- -	53.71	21.93	11.24	22.46	2.65	18.3	- -	- -	23.57	45.45	35.92
Pretax Margin (%)	-2.12	26.23	21.6	20.64	22.15	17.58	17.21	10.2	8.07	13.77	20.75	22.74
Profit Margin (%)	0.01	13.99	10.09	16.48	18.47	16.39	28.98	11.51	3.38	9.19	16.08	15.31
Net Income to Common Margin (%)	- -	4.37	10.09	16.48	18.47	16.39	28.98	11.51	3.38	9.19	16.08	15.31
Effective Tax Rate (%)	- -	46.65	53.27	20.16	16.64	6.8	- -	- -	58.09	33.23	22.52	32.71
Dvd Payout Ratio (%)	- -	-220.44	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	22.95	24.78	27.54	21.51	29.81	10.85	2.93	8.36	15.37	16.32

Credit (USD)

Credit Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	15	45	26	27	- -	189	292	285	261	236	312	436
ST Debt	- -	- -	- -	- -	- -	15	38	46	52	56	64	76
LT Debt	15	45	26	27	- -	175	255	238	209	180	248	360
Total Debt/EBITDA	10.34	1.13	0.42	0.35	- -	1.42	1.69	1.7	1.55	0.84	0.61	0.62
Net Debt/EBITDA	-1.65	1.03	-1.75	-1.68	-1.74	-0.98	-2.53	-4.51	-6.13	-3.19	-2.66	-0.93
Total Debt/EBIT	19.54	1.18	0.45	0.39	- -	1.69	2.03	2.28	2.3	1.18	0.73	0.74
Net Debt/EBIT	-3.12	1.08	-1.87	-1.86	-1.93	-1.17	-3.03	-6.04	-9.07	-4.46	-3.21	-1.12
EBITDA to Interest Expense	1.71	34.89	19.94	42.75	76.87	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	0.73	30.39	17.7	37.1	64.1	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	0.91	33.29	18.71	38.72	69.24	- -	- -	- -	- -	- -	- -	- -
Interest Expense	1	1	3	2	2	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-6	6.73	30.58	30.81	35.3	35.43	36.79	42.69	48.29	44.27	48.25	40.38
Long-Term Debt/Equity (%)	68.27	117.06	15.72	10.99	- -	28.55	25.13	15.61	9.86	8.33	8.4	14.49
Long-Term Debt/Capital (%)	40.57	53.93	13.59	9.91	- -	21.81	19.5	13.16	8.78	7.52	7.6	12.32
Long-Term Debt/Total Assets (%)	14.6	21.35	4.81	3.39	- -	10.12	9.24	6.67	4.76	3.69	4.05	5.85
Total Debt/Equity (%)	68.27	117.06	15.72	10.99	- -	30.93	28.86	18.63	12.34	10.9	10.59	17.56
Total Debt/Capital (%)	40.57	53.93	13.59	9.91	- -	23.62	22.4	15.71	10.98	9.83	9.57	14.94
Total Debt/Total Assets (%)	14.6	21.35	4.81	3.39	- -	10.96	10.62	7.96	5.96	4.83	5.11	7.09
Net Debt to Equity	-10.91	106.51	-65.43	-52.51	-52.52	-21.37	-43.17	-49.38	-48.72	-41.36	-46.44	-26.49
Net Debt/Capital (%)	-12.25	51.58	-189.26	-110.56	-110.62	-19.5	-50.37	-71.3	-76.57	-59.48	-72.39	-29.09
EBITDA	1	40	61	77	119	134	173	167	168	281	515	705
EBITDA-CapEx	1	35	54	66	99	98	99	112	84	234	416	508
Operating Income (Loss)	1	38	58	69	107	112	144	125	114	200	427	589

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.28	0.03	0.39	0.3	0.29	0.27	0.42	0.53	0.71	0.55	0.67	0.4
Current Ratio	1.55	1.68	1.5	1.48	1.48	1.56	1.57	1.71	1.9	1.72	1.86	1.61
Quick Ratio	1.52	1.65	1.48	1.46	1.46	1.53	1.5	1.65	1.87	1.69	1.83	1.55
CFO/Avg Current Liab	- -	-0.4	0.32	0.07	0.14	0.07	0.34	0.23	0.29	0.26	0.27	0.32
Common Equity/Total Assets	-6	6.73	30.58	30.81	35.3	35.43	36.79	42.69	48.29	44.27	48.25	40.38
Long-Term Debt/Equity (%)	68.27	117.06	15.72	10.99	- -	28.55	25.13	15.61	9.86	8.33	8.4	14.49
Long-Term Debt/Capital (%)	40.57	53.93	13.59	9.91	- -	21.81	19.5	13.16	8.78	7.52	7.6	12.32
Long-Term Debt/Total Assets (%)	14.6	21.35	4.81	3.39	- -	10.12	9.24	6.67	4.76	3.69	4.05	5.85
Total Debt/Equity (%)	68.27	117.06	15.72	10.99	- -	30.93	28.86	18.63	12.34	10.9	10.59	17.56
Total Debt/Capital (%)	40.57	53.93	13.59	9.91	- -	23.62	22.4	15.71	10.98	9.83	9.57	14.94
Total Debt/Total Assets (%)	14.6	21.35	4.81	3.39	- -	10.96	10.62	7.96	5.96	4.83	5.11	7.09
CFO/Total Liabilities	-18.47	-21.27	20.1	5.66	11.97	5.39	23.27	18.46	24.22	21.96	23.38	27.06
CFO/CapEx	-17.84	-7.13	10.9	3.09	4.37	1.69	5.47	6.91	6.52	12.79	7.53	5.04
Altman's Z-Score	- -	- -	2.85	3.25	5.49	7.91	14.65	14.28	7.01	8.97	12.45	4.03

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	0.84	0.71	0.63	0.67	0.66	0.61	0.66	0.72	0.75	0.79	0.82
Days Sales Outstanding	- -	433.35	511.89	578.38	548.44	552.46	600.41	549.85	505.23	489.28	462.86	447.42
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	1,102	1,961	5,085	12,567	39,343	44,959	22,092	36,009	59,299	18,266
- Cash & Cash Equivalents	17	4	133	156	207	131	437	754	1,031	895	1,369	658
+ Preferred Equity and Hybrid Capital	28	24	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	15	45	26	27	- -	189	292	285	261	236	312	436
Enterprise Value	- -	- -	995	1,832	4,878	12,502	39,012	44,285	20,906	34,865	57,689	17,399
Total Capital	37	83	190	273	395	802	1,306	1,812	2,376	2,400	3,261	2,921
Total Debt/Capital (%)	40.57	53.93	13.59	9.91	- -	23.62	22.4	15.71	10.98	9.83	9.57	14.94
Total Debt / EV	- -	- -	0.03	0.01	- -	0.02	0.01	0.01	0.01	0.01	0.01	0.03
EV/Sales	- -	- -	4.9	5.94	10.22	18.91	46.66	37.01	13.25	17.91	23.6	6.01
EV/EBITDA	- -	- -	16.22	23.92	40.94	93.4	225.71	265.12	124.38	124.12	112.09	24.68
EV/EBIT	- -	- -	17.29	26.41	45.45	111.43	270.52	354.8	183.95	173.91	135.05	29.52
EV/Cash Flow to Firm	- -	- -	13.01	56.1	55.5	207.66	- -	- -	38.1	58.27	78.02	17.53
EV/Free Cash Flow to Firm	- -	- -	14.29	81.25	71.63	510.03	- -	- -	45	63.21	89.97	21.87
Diluted Market Cap	- -	- -	515	2,074	5,309	13,211	40,713	46,364	22,518	36,839	59,995	18,942
Diluted Enterprise Value	- -	- -	407	1,945	5,102	13,146	40,381	45,689	21,332	35,694	58,385	18,076
EV per Share	- -	- -	2.54	4.4	11.12	27.49	82.41	91.6	42.62	71.31	116.29	36.56
TTM Sales	45	114	203	308	477	661	836	1,196	1,578	1,946	2,445	2,896
TTM EBITDA	1	40	61	77	119	134	173	167	168	281	515	705
TTM Operating Income	1	38	58	69	107	112	144	125	114	200	427	589
TTM Cash Flow to Firm	- -	-36	76	33	88	60	- -	- -	549	598	739	993
TTM Free Cash Flow to Firm	- -	-41	70	23	68	25	- -	- -	465	552	641	796

Multiples (USD)

Valuation Multiples API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	7.56	98.25	79.46	538.97	123	143.23	48.47	66.79	93.56	23.81
EV/EBIT	- -	- -	17.29	26.41	45.45	111.43	270.52	354.8	183.95	173.91	135.05	29.52
Enterprise Value	- -	- -	995	1,832	4,878	12,502	39,012	44,285	20,906	34,865	57,689	17,399
Low Price	- -	- -	2.09	2.65	4.13	10.85	13.79	46.59	39.76	41.67	61.9	35.63
EV/Sales	- -	- -	4.9	5.94	10.22	18.91	46.66	37.01	13.25	17.91	23.6	6.01
EV/EBITDA	- -	- -	16.22	23.92	40.94	93.4	225.71	265.12	124.38	124.12	112.09	24.68
Price/Earnings	- -	- -	25.14	37.32	55.82	113.62	158.75	321.91	410.84	201.38	149.27	42.27
Price/Earnings Average	- -	- -	24.06	37.12	43.91	86.16	84.64	265	532.92	188.44	121.71	72.57
Price/Earnings High	- -	- -	33.13	53.44	76.32	119.6	188.15	392.66	843.46	251.49	176.29	140.43
Price/Earnings Low	- -	- -	18.66	21.02	19.88	44.59	26.33	161.27	362.62	113.95	77.3	39.25
Price/Book Value	- -	- -	6.71	7.98	12.89	20.52	38.83	29.44	10.44	16.64	20.11	7.35
Price/Book Value Average	- -	- -	6.42	7.94	10.14	15.56	20.7	24.23	13.55	15.57	16.4	12.62
Price/Book Value High	- -	- -	8.84	11.43	17.62	21.6	46.03	35.91	21.44	20.78	23.75	24.42
Price/Book Value Low	- -	- -	4.98	4.5	4.59	8.05	6.44	14.75	9.22	9.41	10.41	6.83
Price/Tangible Book Value	- -	- -	6.82	8.13	13.16	20.83	39.28	29.72	10.54	16.77	20.21	7.41
Price/Tangible Book Value Average	- -	- -	6.53	8.09	10.35	15.79	20.94	24.46	13.67	15.69	16.48	12.72
Price/Tangible Book Value High	- -	- -	8.99	11.64	17.99	21.92	46.55	36.25	21.63	20.94	23.87	24.62
Price/Tangible Book Value Low	- -	- -	5.06	4.58	4.69	8.17	6.52	14.89	9.3	9.49	10.47	6.88
Price/Sales	- -	- -	2.54	6.15	10.31	18.62	46.01	37.06	13.9	18.52	24	6.47
Price/Sales Average	- -	- -	2.43	6.12	8.11	14.12	24.53	30.51	18.03	17.33	19.57	11.11
Price/Sales High	- -	- -	3.34	8.81	14.09	19.6	54.53	45.21	28.54	23.12	28.34	21.49
Price/Sales Low	- -	- -	1.88	3.46	3.67	7.31	7.63	18.57	12.27	10.48	12.43	6.01
Price/Cash Flow	- -	- -	6.86	60.72	56.82	204.42	94.97	117.16	39.97	60.23	79.35	18.88
Price/Cash Flow Average	- -	- -	6.57	60.39	44.69	155.01	50.63	96.45	51.85	56.36	64.7	32.41
Price/Cash Flow High	- -	- -	9.04	86.94	77.67	215.17	112.56	142.91	82.06	75.21	93.71	62.71
Price/Cash Flow Low	- -	- -	5.09	34.2	20.23	80.23	15.75	58.7	35.28	34.08	41.09	17.53
Price/Free Cash Flow Average	- -	- -	7.23	97.72	62.51	408.72	65.58	117.91	62.87	62.5	76.29	40.87
Price/Free Cash Flow High	- -	- -	9.96	140.69	108.63	567.33	145.78	174.7	99.51	83.42	110.5	79.08
Price/Free Cash Flow Low	- -	- -	5.61	55.35	28.3	211.53	20.4	71.75	42.78	37.79	48.46	22.1
EV/Sales Average	- -	- -	4.67	5.91	7.95	14.32	24.69	30.37	17.41	16.73	19.12	10.53
EV/Sales High	- -	- -	6.63	8.69	14.13	19.91	55.38	45.27	27.99	22.52	27.99	20.65
EV/Sales Low	- -	- -	3.5	3.17	3.36	7.36	7.41	18.26	11.61	9.88	11.9	5.56
EV/EBITDA Average	- -	- -	15.45	23.79	31.84	70.71	119.44	217.54	163.44	115.88	90.82	43.24
EV/EBITDA High	- -	- -	21.94	34.99	56.61	98.34	267.87	324.28	262.79	156.02	132.95	84.82
EV/EBITDA Low	- -	- -	11.59	12.74	13.46	36.36	35.84	130.81	108.96	68.46	56.54	22.82
EV/EBIT Average	- -	- -	16.47	26.26	35.34	84.36	143.16	291.13	241.7	162.36	109.42	51.74
EV/EBIT High	- -	- -	23.38	38.62	62.84	117.32	321.05	433.97	388.63	218.61	160.18	101.49
EV/EBIT Low	- -	- -	12.36	14.07	14.94	43.38	42.95	175.06	161.13	95.92	68.12	27.31
Last Price	- -	- -	2.82	4.71	11.59	27.64	83.11	93	45.04	73.65	119.53	38.38
High Price	- -	- -	3.71	6.74	15.85	29.09	98.5	113.44	92.47	91.98	141.17	127.49
Enterprise Value Average	- -	- -	948	1,821	3,793	9,465	20,645	36,337	27,471	32,551	46,743	30,490
Enterprise Value High	- -	- -	1,345	2,679	6,745	13,163	46,299	54,167	44,169	43,826	68,425	59,810
Enterprise Value Low	- -	- -	711	976	1,604	4,867	6,194	21,850	18,313	19,231	29,101	16,092

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	382	385	391	416	439	455	473	483	490	489	496	476
Diluted Weighted Avg Shares	498	498	183	441	458	478	490	499	500	500	502	494
Basic Weighted Avg Shares	473	473	183	403	424	445	463	477	487	489	491	488
Revenue per Share	0.09	0.24	1.11	0.77	1.12	1.48	1.81	2.51	3.24	3.98	4.98	5.93
EBITDA per Share	- -	0.08	0.34	0.19	0.28	0.3	0.37	0.35	0.35	0.57	1.05	1.44
Operating Income per Share	- -	0.08	0.31	0.17	0.25	0.25	0.31	0.26	0.23	0.41	0.87	1.21
Basic EPS, GAAP	- -	0.01	0.11	0.13	0.21	0.24	0.52	0.29	0.11	0.37	0.8	0.91
Basic EPS from Cont Ops	- -	0.03	0.11	0.13	0.21	0.24	0.52	0.29	0.11	0.37	0.8	0.91
Diluted EPS, GAAP	- -	0.01	0.11	0.12	0.19	0.23	0.49	0.28	0.11	0.36	0.78	0.9
Diluted EPS from Cont Ops	- -	0.03	0.11	0.12	0.19	0.23	0.49	0.28	0.11	0.36	0.78	0.9
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.03	-0.08	0.41	0.08	0.2	0.14	0.88	0.79	1.13	1.22	1.51	2.03
Free Cash Flow per Basic Share	-0.03	-0.09	0.37	0.05	0.16	0.06	0.72	0.68	0.95	1.13	1.31	1.63
Cash & Equivalents per Share	0.05	0.01	0.34	0.37	0.47	0.56	1.32	1.98	2.95	2.82	3.87	2.74
Book Value per Share	-0.02	0.04	0.42	0.59	0.9	1.35	2.14	3.16	4.31	4.43	5.94	5.22
Tangible Book Value per Share	-0.02	0.03	0.41	0.58	0.88	1.33	2.12	3.13	4.28	4.39	5.92	5.18