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Side-by-side financial comparison of COMERICA INC (CMA) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $838.0M, roughly 1.0× COMERICA INC). Trade Desk (The) runs the higher net margin — 22.1% vs 21.0%, a 1.1% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 31.3%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
CMA vs TTD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $846.8M |
| Net Profit | $176.0M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | — | 30.3% |
| Net Margin | 21.0% | 22.1% |
| Revenue YoY | 3.3% | 14.3% |
| Net Profit YoY | -4.3% | 2.6% |
| EPS (diluted) | $1.35 | $0.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $846.8M | ||
| Q3 25 | $838.0M | $739.4M | ||
| Q2 25 | $849.0M | $694.0M | ||
| Q1 25 | $829.0M | $616.0M | ||
| Q4 24 | $825.0M | $741.0M | ||
| Q3 24 | $811.0M | $628.0M | ||
| Q2 24 | $824.0M | $584.5M | ||
| Q1 24 | $784.0M | $491.3M |
| Q4 25 | — | $186.9M | ||
| Q3 25 | $176.0M | $115.5M | ||
| Q2 25 | $199.0M | $90.1M | ||
| Q1 25 | $172.0M | $50.7M | ||
| Q4 24 | $170.0M | $182.2M | ||
| Q3 24 | $184.0M | $94.2M | ||
| Q2 24 | $206.0M | $85.0M | ||
| Q1 24 | $138.0M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 78.9% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | — | 22.1% | ||
| Q3 25 | 21.0% | 15.6% | ||
| Q2 25 | 23.4% | 13.0% | ||
| Q1 25 | 20.7% | 8.2% | ||
| Q4 24 | 20.6% | 24.6% | ||
| Q3 24 | 22.7% | 15.0% | ||
| Q2 24 | 25.0% | 14.5% | ||
| Q1 24 | 17.6% | 6.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $1.35 | $0.23 | ||
| Q2 25 | $1.42 | $0.18 | ||
| Q1 25 | $1.25 | $0.10 | ||
| Q4 24 | $1.22 | $0.36 | ||
| Q3 24 | $1.33 | $0.19 | ||
| Q2 24 | $1.49 | $0.17 | ||
| Q1 24 | $0.98 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3B |
| Total DebtLower is stronger | $5.4B | — |
| Stockholders' EquityBook value | $7.4B | $2.5B |
| Total Assets | $77.4B | $6.2B |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
| Q4 25 | — | $2.5B | ||
| Q3 25 | $7.4B | $2.6B | ||
| Q2 25 | $6.9B | $2.7B | ||
| Q1 25 | $7.1B | $2.7B | ||
| Q4 24 | $6.5B | $2.9B | ||
| Q3 24 | $7.4B | $2.6B | ||
| Q2 24 | $6.2B | $2.4B | ||
| Q1 24 | $6.0B | $2.2B |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $77.4B | $5.9B | ||
| Q2 25 | $78.0B | $6.0B | ||
| Q1 25 | $77.6B | $5.7B | ||
| Q4 24 | $79.3B | $6.1B | ||
| Q3 24 | $79.7B | $5.5B | ||
| Q2 24 | $79.6B | $5.2B | ||
| Q1 24 | $79.4B | $4.7B |
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-270.0M | $311.6M |
| Free Cash FlowOCF − Capex | — | $285.3M |
| FCF MarginFCF / Revenue | — | 33.7% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | -1.53× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $311.6M | ||
| Q3 25 | $-270.0M | $224.7M | ||
| Q2 25 | $476.0M | $165.0M | ||
| Q1 25 | $273.0M | $291.4M | ||
| Q4 24 | $601.0M | $199.4M | ||
| Q3 24 | $1.0B | $273.3M | ||
| Q2 24 | $111.0M | $81.3M | ||
| Q1 24 | $-205.0M | $185.5M |
| Q4 25 | — | $285.3M | ||
| Q3 25 | — | $158.3M | ||
| Q2 25 | — | $119.8M | ||
| Q1 25 | — | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | — | $224.6M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | — | $178.2M |
| Q4 25 | — | 33.7% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 36.3% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | -1.53× | 1.94× | ||
| Q2 25 | 2.39× | 1.83× | ||
| Q1 25 | 1.59× | 5.75× | ||
| Q4 24 | 3.54× | 1.09× | ||
| Q3 24 | 5.70× | 2.90× | ||
| Q2 24 | 0.54× | 0.96× | ||
| Q1 24 | -1.49× | 5.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
Segment breakdown not available.
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
