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Side-by-side financial comparison of Digital Realty (DLR) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $846.8M, roughly 1.9× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 6.0%, a 16.0% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 14.3%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs 9.8%).
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
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.
DLR vs TTD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $846.8M |
| Net Profit | $98.6M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | 6.9% | 30.3% |
| Net Margin | 6.0% | 22.1% |
| Revenue YoY | 16.1% | 14.3% |
| Net Profit YoY | -10.3% | 2.6% |
| EPS (diluted) | $0.22 | $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.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $846.8M | ||
| Q3 25 | $1.6B | $739.4M | ||
| Q2 25 | $1.5B | $694.0M | ||
| Q1 25 | $1.4B | $616.0M | ||
| Q4 24 | $1.4B | $741.0M | ||
| Q3 24 | $1.4B | $628.0M | ||
| Q2 24 | $1.4B | $584.5M |
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $186.9M | ||
| Q3 25 | $67.8M | $115.5M | ||
| Q2 25 | $1.0B | $90.1M | ||
| Q1 25 | $110.0M | $50.7M | ||
| Q4 24 | $189.6M | $182.2M | ||
| Q3 24 | $51.2M | $94.2M | ||
| Q2 24 | $80.2M | $85.0M |
| Q1 26 | — | — | ||
| 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 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 30.3% | ||
| Q3 25 | 8.8% | 21.8% | ||
| Q2 25 | 14.2% | 16.8% | ||
| Q1 25 | 13.9% | 8.8% | ||
| Q4 24 | 10.1% | 26.4% | ||
| Q3 24 | 11.8% | 17.3% | ||
| Q2 24 | 0.7% | 16.2% |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 22.1% | ||
| Q3 25 | 4.3% | 15.6% | ||
| Q2 25 | 69.1% | 13.0% | ||
| Q1 25 | 7.8% | 8.2% | ||
| Q4 24 | 13.2% | 24.6% | ||
| Q3 24 | 3.6% | 15.0% | ||
| Q2 24 | 5.9% | 14.5% |
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $0.39 | ||
| Q3 25 | $0.15 | $0.23 | ||
| Q2 25 | $2.94 | $0.18 | ||
| Q1 25 | $0.27 | $0.10 | ||
| Q4 24 | $0.50 | $0.36 | ||
| Q3 24 | $0.09 | $0.19 | ||
| Q2 24 | $0.20 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $22.9B | $2.5B |
| Total Assets | $49.4B | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $1.3B | ||
| Q3 25 | $3.3B | $1.4B | ||
| Q2 25 | $3.6B | $1.7B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $3.9B | $1.9B | ||
| Q3 24 | $2.2B | $1.7B | ||
| Q2 24 | $2.3B | $1.5B |
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $2.5B | ||
| Q3 25 | $23.0B | $2.6B | ||
| Q2 25 | $22.9B | $2.7B | ||
| Q1 25 | $21.3B | $2.7B | ||
| Q4 24 | $21.3B | $2.9B | ||
| Q3 24 | $21.2B | $2.6B | ||
| Q2 24 | $20.5B | $2.4B |
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $6.2B | ||
| Q3 25 | $48.7B | $5.9B | ||
| Q2 25 | $48.7B | $6.0B | ||
| Q1 25 | $45.1B | $5.7B | ||
| Q4 24 | $45.3B | $6.1B | ||
| Q3 24 | $45.3B | $5.5B | ||
| Q2 24 | $43.6B | $5.2B |
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 | — | $311.6M |
| Free Cash FlowOCF − Capex | — | $285.3M |
| FCF MarginFCF / Revenue | — | 33.7% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $311.6M | ||
| Q3 25 | $652.9M | $224.7M | ||
| Q2 25 | $641.2M | $165.0M | ||
| Q1 25 | $399.1M | $291.4M | ||
| Q4 24 | $769.5M | $199.4M | ||
| Q3 24 | $566.5M | $273.3M | ||
| Q2 24 | $573.2M | $81.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 7.29× | 1.67× | ||
| Q3 25 | 9.63× | 1.94× | ||
| Q2 25 | 0.62× | 1.83× | ||
| Q1 25 | 3.63× | 5.75× | ||
| Q4 24 | 4.06× | 1.09× | ||
| Q3 24 | 11.07× | 2.90× | ||
| Q2 24 | 7.15× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLR
Segment breakdown not available.
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
