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The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on devices like computers, smartphones, and connected TVs. It uses data in an iterative manner to optimize the performance of ad impressions purchased. The firm’s platform is referred to as a demand-side platform in the digital ad industry, and it generates revenue from fees based on a percentage of what its clients spend on advertising.
2009
3.5K+
LTM Revenue $2.6B
LTM EBITDA $1.1B
$35.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
theTradeDesk has a last 12-month revenue (LTM) of $2.6B and a last 12-month EBITDA of $1.1B.
In the most recent fiscal year, theTradeDesk achieved revenue of $2.4B and an EBITDA of $515M.
theTradeDesk expects next 12-month revenue of XXX and NTM EBITDA of XXX
See theTradeDesk valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.6B | XXX | $2.4B | XXX | XXX | XXX |
| Gross Profit | $2.1B | XXX | $2.0B | XXX | XXX | XXX |
| Gross Margin | 81% | XXX | 81% | XXX | XXX | XXX |
| EBITDA | $1.1B | XXX | $515M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 21% | XXX | XXX | XXX |
| EBIT | $452M | XXX | $427M | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $403M | XXX | $393M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 16% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, theTradeDesk's stock price is $75.
theTradeDesk has current market cap of $37.0B, and EV of $35.6B.
See theTradeDesk trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $35.6B | $37.0B | XXX | XXX | XXX | XXX | $1.71 |
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Start Free TrialAs of May 30, 2025, theTradeDesk has market cap of $37.0B and EV of $35.6B.
theTradeDesk's trades at 14.5x EV/Revenue multiple, and 69.1x EV/EBITDA.
Equity research analysts estimate theTradeDesk's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
theTradeDesk has a P/E ratio of 91.8x.
See valuation multiples for theTradeDesk and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $37.0B | XXX | $37.0B | XXX | XXX | XXX |
| EV (current) | $35.6B | XXX | $35.6B | XXX | XXX | XXX |
| EV/Revenue | 13.6x | XXX | 14.5x | XXX | XXX | XXX |
| EV/EBITDA | 33.7x | XXX | 69.1x | XXX | XXX | XXX |
| EV/EBIT | 78.7x | XXX | 83.2x | XXX | XXX | XXX |
| EV/Gross Profit | 16.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 91.8x | XXX | 94.0x | XXX | XXX | XXX |
| EV/FCF | 49.1x | XXX | 56.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialtheTradeDesk's last 12 month revenue growth is 17%
theTradeDesk's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.4M for the same period.
theTradeDesk's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
theTradeDesk's rule of X is 84% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for theTradeDesk and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 99% | XXX | XXX | XXX |
| Rule of 40 | 32% | XXX | 39% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 84% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 19% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 63% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Azerion Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Adveritas | XXX | XXX | XXX | XXX | XXX | XXX |
| Brightcom Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Affle 3i | XXX | XXX | XXX | XXX | XXX | XXX |
| Investor.bg | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
theTradeDesk acquired XXX companies to date.
Last acquisition by theTradeDesk was XXXXXXXX, XXXXX XXXXX XXXXXX . theTradeDesk acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was theTradeDesk founded? | theTradeDesk was founded in 2009. |
| Where is theTradeDesk headquartered? | theTradeDesk is headquartered in United States of America. |
| How many employees does theTradeDesk have? | As of today, theTradeDesk has 3.5K+ employees. |
| Who is the CEO of theTradeDesk? | theTradeDesk's CEO is Mr. Jeffrey Terry Green. |
| Is theTradeDesk publicy listed? | Yes, theTradeDesk is a public company listed on NAS. |
| What is the stock symbol of theTradeDesk? | theTradeDesk trades under TTD ticker. |
| When did theTradeDesk go public? | theTradeDesk went public in 2016. |
| Who are competitors of theTradeDesk? | Similar companies to theTradeDesk include e.g. Azerion Group, Adveritas, Brightcom Group, Affle 3i. |
| What is the current market cap of theTradeDesk? | theTradeDesk's current market cap is $37.0B |
| What is the current revenue of theTradeDesk? | theTradeDesk's last 12 months revenue is $2.6B. |
| What is the current revenue growth of theTradeDesk? | theTradeDesk revenue growth (NTM/LTM) is 17%. |
| What is the current EV/Revenue multiple of theTradeDesk? | Current revenue multiple of theTradeDesk is 13.6x. |
| Is theTradeDesk profitable? | Yes, theTradeDesk is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of theTradeDesk? | theTradeDesk's last 12 months EBITDA is $1.1B. |
| What is theTradeDesk's EBITDA margin? | theTradeDesk's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of theTradeDesk? | Current EBITDA multiple of theTradeDesk is 33.7x. |
| What is the current FCF of theTradeDesk? | theTradeDesk's last 12 months FCF is $725M. |
| What is theTradeDesk's FCF margin? | theTradeDesk's last 12 months FCF margin is 28%. |
| What is the current EV/FCF multiple of theTradeDesk? | Current FCF multiple of theTradeDesk is 49.1x. |
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