Trade Desk (TTD) EV to FCF (2016 - 2026)
Trade Desk's EV to FCF was 8.12 in Q2 2026, down 81.7% from 44.42 a year earlier and down 26.3% from the prior quarter.
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Analysis
Trade Desk (TTD) EV to FCF (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Trade Desk's EV to FCF was 3.30 through Jun 30, 2026, down 91.1% year-over-year; for FY2025, it was 21.07, down 76.0% from FY2024.
- In earlier years, EV to FCF was 87.93 in FY2024 (+43.5%), 61.29 in FY2023 (+38.6%), 44.21 in FY2022 (-63.6%) and 121.37 in FY2021 (+20.7%).
- The Q2 2026 figure marks the lowest quarterly EV to FCF in data going back to Q3 2016.
- Compared with a year earlier, EV to FCF has declined for six straight quarters, with an average decline of 36.4% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q2 2023 (growth of 87.6%); the worst was Q2 2026 (a decline of 81.7%).
- Per Business Quant data, TTD's EV to FCF in the three quarters before Q2 2026 was 11.02 (Q1 2026), 21.07 (Q4 2025) and 32.35 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - |
| 10 | Trade Desk | 7.04 Bn | 1.40 Bn | 530.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.12 |
| Mar 31, 2026 | 11.02 |
| Dec 31, 2025 | 21.07 |
| Sep 30, 2025 | 32.35 |
| Jun 30, 2025 | 44.42 |
| Mar 31, 2025 | 36.16 |
| Dec 31, 2024 | 87.93 |
| Sep 30, 2024 | 99.21 |
| Jun 30, 2024 | 94.95 |
| Mar 31, 2024 | 74.91 |
| Dec 31, 2023 | 61.29 |
| Sep 30, 2023 | 60.18 |
| Jun 30, 2023 | 67.64 |
| Mar 31, 2023 | 56.23 |
| Dec 31, 2022 | 44.21 |
| Sep 30, 2022 | 51.45 |
| Jun 30, 2022 | 36.06 |
| Mar 31, 2022 | 73.81 |
| Dec 31, 2021 | 121.37 |
| Sep 30, 2021 | 92.60 |
API Access
Trade Desk EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=TTD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "TTD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=TTD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();