vs
Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) 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 $697.0K, roughly 1214.9× ZW Data Action Technologies Inc.). Trade Desk (The) runs the higher net margin — 22.1% vs -70.9%, a 93.0% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs -69.0%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs -55.6%).
ZW Data Action Technologies Inc., trading under the symbol CNET, is a China-based technology enterprise focused on delivering integrated digital marketing solutions, big data analysis services, and intelligent operation tools for enterprise clients across sectors including e-commerce, consumer goods, and internet services. Its offerings help clients optimize user acquisition efficiency, boost operational performance, and advance digital transformation, primarily serving the Chinese domestic market and select Asia-Pacific clients.
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.
CNET vs TTD — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $697.0K | $846.8M |
| Net Profit | $-494.0K | $186.9M |
| Gross Margin | 6.9% | 80.7% |
| Operating Margin | -77.3% | 30.3% |
| Net Margin | -70.9% | 22.1% |
| Revenue YoY | -69.0% | 14.3% |
| Net Profit YoY | 36.7% | 2.6% |
| EPS (diluted) | — | $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 | $697.0K | $846.8M | ||
| Q3 25 | $1.7M | $739.4M | ||
| Q2 25 | $548.0K | $694.0M | ||
| Q1 25 | $1.7M | $616.0M | ||
| Q4 24 | $2.2M | $741.0M | ||
| Q3 24 | $3.2M | $628.0M | ||
| Q2 24 | $6.4M | $584.5M | ||
| Q1 24 | $3.5M | $491.3M |
| Q4 25 | $-494.0K | $186.9M | ||
| Q3 25 | $-108.0K | $115.5M | ||
| Q2 25 | $-637.0K | $90.1M | ||
| Q1 25 | $-531.0K | $50.7M | ||
| Q4 24 | $-781.0K | $182.2M | ||
| Q3 24 | $-1.9M | $94.2M | ||
| Q2 24 | $-216.0K | $85.0M | ||
| Q1 24 | $-850.0K | $31.7M |
| Q4 25 | 6.9% | 80.7% | ||
| Q3 25 | 5.7% | 78.1% | ||
| Q2 25 | 8.6% | 78.2% | ||
| Q1 25 | 9.7% | 76.8% | ||
| Q4 24 | -0.4% | 81.7% | ||
| Q3 24 | 1.7% | 80.5% | ||
| Q2 24 | 5.1% | 81.1% | ||
| Q1 24 | 2.0% | 78.9% |
| Q4 25 | -77.3% | 30.3% | ||
| Q3 25 | -8.9% | 21.8% | ||
| Q2 25 | -124.5% | 16.8% | ||
| Q1 25 | -35.0% | 8.8% | ||
| Q4 24 | -24.1% | 26.4% | ||
| Q3 24 | -61.5% | 17.3% | ||
| Q2 24 | -4.7% | 16.2% | ||
| Q1 24 | -26.1% | 5.8% |
| Q4 25 | -70.9% | 22.1% | ||
| Q3 25 | -6.3% | 15.6% | ||
| Q2 25 | -116.2% | 13.0% | ||
| Q1 25 | -32.1% | 8.2% | ||
| Q4 24 | -34.7% | 24.6% | ||
| Q3 24 | -59.1% | 15.0% | ||
| Q2 24 | -3.4% | 14.5% | ||
| Q1 24 | -24.1% | 6.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $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 | $970.0K | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3M | $2.5B |
| Total Assets | $9.7M | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $970.0K | $1.3B | ||
| Q3 25 | $1.8M | $1.4B | ||
| Q2 25 | $1.7M | $1.7B | ||
| Q1 25 | $807.0K | $1.7B | ||
| Q4 24 | $812.0K | $1.9B | ||
| Q3 24 | $1.1M | $1.7B | ||
| Q2 24 | $510.0K | $1.5B | ||
| Q1 24 | $467.0K | $1.4B |
| Q4 25 | $4.3M | $2.5B | ||
| Q3 25 | $3.3M | $2.6B | ||
| Q2 25 | $3.5M | $2.7B | ||
| Q1 25 | $3.1M | $2.7B | ||
| Q4 24 | $3.7M | $2.9B | ||
| Q3 24 | $4.8M | $2.6B | ||
| Q2 24 | $5.2M | $2.4B | ||
| Q1 24 | $5.4M | $2.2B |
| Q4 25 | $9.7M | $6.2B | ||
| Q3 25 | $9.7M | $5.9B | ||
| Q2 25 | $9.2M | $6.0B | ||
| Q1 25 | $9.5M | $5.7B | ||
| Q4 24 | $9.7M | $6.1B | ||
| Q3 24 | $11.0M | $5.5B | ||
| Q2 24 | $10.8M | $5.2B | ||
| Q1 24 | $11.4M | $4.7B |
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 | $-148.0K | $311.6M |
| Free Cash FlowOCF − Capex | — | $285.3M |
| FCF MarginFCF / Revenue | — | 33.7% |
| Capex IntensityCapex / Revenue | 0.0% | 3.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-148.0K | $311.6M | ||
| Q3 25 | $-482.0K | $224.7M | ||
| Q2 25 | $685.0K | $165.0M | ||
| Q1 25 | $-984.0K | $291.4M | ||
| Q4 24 | $-830.0K | $199.4M | ||
| Q3 24 | $-198.0K | $273.3M | ||
| Q2 24 | $-677.0K | $81.3M | ||
| Q1 24 | $-353.0K | $185.5M |
| Q4 25 | — | $285.3M | ||
| Q3 25 | — | $158.3M | ||
| Q2 25 | $657.0K | $119.8M | ||
| Q1 25 | $-1.0M | $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 | 119.9% | 17.3% | ||
| Q1 25 | -61.8% | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 36.3% |
| Q4 25 | 0.0% | 3.1% | ||
| Q3 25 | 0.0% | 9.0% | ||
| Q2 25 | 5.1% | 6.5% | ||
| Q1 25 | 2.2% | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 0.0% | 7.8% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | 5.75× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 5.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
