Trade Desk Inc (TTD) - Net Assets
Based on the latest financial reports, Trade Desk Inc (TTD) has net assets worth $2.48 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.15 Billion) and total liabilities ($3.67 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TTD cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.48 Billion |
| % of Total Assets | 40.38% |
| Annual Growth Rate | 53.76% |
| 5-Year Change | 62.66% |
| 10-Year Change | 1411.37% |
| Growth Volatility | 86.38 |
Trade Desk Inc - Net Assets Trend (2014–2025)
This chart illustrates how Trade Desk Inc's net assets have evolved over time, based on quarterly financial data. Also explore TTD total assets for the complete picture of this company's asset base.
Annual Net Assets for Trade Desk Inc (2014–2025)
The table below shows the annual net assets of Trade Desk Inc from 2014 to 2025. For live valuation and market cap data, see TTD market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.48 Billion | -15.76% |
| 2024-12-31 | $2.95 Billion | +36.27% |
| 2023-12-31 | $2.16 Billion | +2.31% |
| 2022-12-31 | $2.12 Billion | +38.50% |
| 2021-12-31 | $1.53 Billion | +50.75% |
| 2020-12-31 | $1.01 Billion | +65.41% |
| 2019-12-31 | $612.52 Million | +55.24% |
| 2018-12-31 | $394.57 Million | +60.67% |
| 2017-12-31 | $245.58 Million | +49.40% |
| 2016-12-31 | $164.38 Million | +328.68% |
| 2015-12-31 | $38.35 Million | +75.37% |
| 2014-12-31 | $21.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trade Desk Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 58429300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $3.08 Billion | 123.78% |
| Total Equity | $2.48 Billion | 100.00% |
Trade Desk Inc Competitors by Market Cap
The table below lists competitors of Trade Desk Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ipsen SA
PA:IPN
|
$10.50 Billion |
|
Aramark Holdings
NYSE:ARMK
|
$10.51 Billion |
|
Skanska AB (publ)
ST:SKA-B
|
$10.51 Billion |
|
RAKUTEN GROUP SPONS.ADR 1
F:RAKA
|
$10.53 Billion |
|
Yangzijiang Shipbuilding (Holdings) Ltd
F:B8O
|
$10.48 Billion |
|
Texas Roadhouse Inc
NASDAQ:TXRH
|
$10.47 Billion |
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$10.46 Billion |
|
Max Healthcare Institute Limited
NSE:MAXHEALTH
|
$10.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trade Desk Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,949,145,000 to 2,484,391,000, a change of -464,754,000 (-15.8%).
- Net income of 443,304,000 contributed positively to equity growth.
- Share repurchases of 1,380,422,000 reduced equity.
- Other factors increased equity by 472,364,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $443.30 Million | +17.84% |
| Share Repurchases | $1.38 Billion | -55.56% |
| Other Changes | $472.36 Million | +19.01% |
| Total Change | $- | -15.76% |
Book Value vs Market Value Analysis
This analysis compares Trade Desk Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 145.09x to 4.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.17 | $24.24 | x |
| 2015-12-31 | $0.08 | $24.24 | x |
| 2016-12-31 | $0.90 | $24.24 | x |
| 2017-12-31 | $0.56 | $24.24 | x |
| 2018-12-31 | $0.86 | $24.24 | x |
| 2019-12-31 | $1.28 | $24.24 | x |
| 2020-12-31 | $2.07 | $24.24 | x |
| 2021-12-31 | $3.06 | $24.24 | x |
| 2022-12-31 | $4.23 | $24.24 | x |
| 2023-12-31 | $4.33 | $24.24 | x |
| 2024-12-31 | $5.88 | $24.24 | x |
| 2025-12-31 | $5.15 | $24.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trade Desk Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.31%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.48x
- Recent ROE (17.84%) is above the historical average (15.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.02% | 0.01% | 0.44x | 4.68x | $-2.18 Million |
| 2015 | 41.54% | 13.99% | 0.54x | 5.48x | $12.09 Million |
| 2016 | 12.46% | 10.09% | 0.38x | 3.27x | $4.04 Million |
| 2017 | 20.68% | 16.48% | 0.39x | 3.25x | $26.24 Million |
| 2018 | 22.34% | 18.47% | 0.43x | 2.83x | $48.68 Million |
| 2019 | 17.68% | 16.39% | 0.38x | 2.82x | $47.07 Million |
| 2020 | 23.92% | 28.98% | 0.30x | 2.72x | $141.00 Million |
| 2021 | 9.02% | 11.51% | 0.33x | 2.34x | $-14.97 Million |
| 2022 | 2.52% | 3.38% | 0.36x | 2.07x | $-158.15 Million |
| 2023 | 8.27% | 9.19% | 0.40x | 2.26x | $-37.48 Million |
| 2024 | 13.33% | 16.08% | 0.40x | 2.07x | $98.16 Million |
| 2025 | 17.84% | 15.31% | 0.47x | 2.48x | $194.86 Million |
Industry Comparison
This section compares Trade Desk Inc's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $150,062,749
- Average return on equity (ROE) among peers: -10.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trade Desk Inc (TTD) | $2.48 Billion | 0.02% | 1.48x | $10.49 Billion |
| ACCESS Newswire Inc. (ACCS) | $35.42 Million | 2.16% | 0.84x | $31.53 Million |
| Advantage Solutions Inc (ADV) | $1.10 Billion | -5.74% | 2.42x | $202.97 Million |
| Advantage Solutions Inc (ADVWW) | $1.74 Billion | 1.85% | 2.42x | $46.11 |
| Airnet Technology Inc (ANTE) | $123.68 Million | -72.85% | 0.82x | $385.29 Million |
| Applovin Corp (APP) | $1.26 Billion | 28.39% | 3.27x | $128.13 Billion |
| Baosheng Media Group Holdings Ltd (BAOS) | $74.06 Million | -9.11% | 0.27x | $4.04 Million |
| Clear Channel Outdoor Holdings Inc (CCO) | $-3.26 Billion | 0.00% | 0.00x | $1.18 Billion |
| Cardlytics Inc (CDLX) | $143.27 Million | -11.97% | 0.57x | $47.92 Million |
| Cheer Holding Inc. (CHR) | $252.39 Million | 5.11% | 0.00x | $5.39 Million |
| ZW Data Action Technologies Inc (CNET) | $35.91 Million | -38.26% | 0.32x | $2.37 Million |
About Trade Desk Inc
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company creates, manages, and optimizes digital advertising campaigns across ad formats, channels and devices, including CTV and other video, display, audio, and native, on a multitude of devices, such televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. It pro… Read more