The Trade Desk, Inc.
$9.06B- Market cap
- $6.80B
- Debt
- +$3.56B
- Cash
- −$1.30B
Capital structure 66% equity / 34% debt · EV / Revenue 3.13x · EV / EBITDA 13.42x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · Mkt cap
Decision snapshot: TTD stock price vs DT: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at DT's multiple
Needs DT P/E.
Implied fair value · at TTD's multiple
Needs TTD P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: TTD FY 2025 (ended Dec 31, 2025) · DT FY 2026 (ended Mar 31, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 66% equity / 34% debt · EV / Revenue 3.13x · EV / EBITDA 13.42x
Capital structure 97% equity / 3% debt · EV / Revenue 7.10x · EV / EBITDA 43.73x
DT carries the larger enterprise value at $14.32B against $9.06B; TTD trades on the lower EV / Revenue multiple (3.13x vs 7.10x); TTD on the lower EV / EBITDA (13.42x vs 43.73x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
The Trade Desk, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Dynatrace, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.43x
0.16x
Net debt / EBITDA
Leverage against operating earnings
3.34x
-2.07x
Cash and equivalents
Liquid reserves on the balance sheet
$1.30B
$1.10B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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