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Side-by-side financial comparison of ESAB Corp (ESAB) 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 $727.8M, roughly 1.2× ESAB Corp). Trade Desk (The) runs the higher net margin — 22.1% vs 7.5%, a 14.5% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 8.5%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $70.3M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
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.
ESAB vs TTD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $846.8M |
| Net Profit | $54.8M | $186.9M |
| Gross Margin | 37.0% | 80.7% |
| Operating Margin | 14.6% | 30.3% |
| Net Margin | 7.5% | 22.1% |
| Revenue YoY | 8.5% | 14.3% |
| Net Profit YoY | 2.1% | 2.6% |
| EPS (diluted) | $0.90 | $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 | $727.8M | $846.8M | ||
| Q3 25 | $715.6M | $739.4M | ||
| Q2 25 | $678.1M | $694.0M | ||
| Q1 25 | — | $616.0M | ||
| Q4 24 | $670.8M | $741.0M | ||
| Q3 24 | $673.3M | $628.0M | ||
| Q2 24 | $707.1M | $584.5M | ||
| Q1 24 | $689.7M | $491.3M |
| Q4 25 | $54.8M | $186.9M | ||
| Q3 25 | $66.9M | $115.5M | ||
| Q2 25 | $67.4M | $90.1M | ||
| Q1 25 | — | $50.7M | ||
| Q4 24 | $53.7M | $182.2M | ||
| Q3 24 | $68.2M | $94.2M | ||
| Q2 24 | $82.9M | $85.0M | ||
| Q1 24 | $60.0M | $31.7M |
| Q4 25 | 37.0% | 80.7% | ||
| Q3 25 | 37.2% | 78.1% | ||
| Q2 25 | 37.6% | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | 38.5% | 81.7% | ||
| Q3 24 | 37.7% | 80.5% | ||
| Q2 24 | 38.2% | 81.1% | ||
| Q1 24 | 37.0% | 78.9% |
| Q4 25 | 14.6% | 30.3% | ||
| Q3 25 | 15.2% | 21.8% | ||
| Q2 25 | 16.2% | 16.8% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | 16.6% | 26.4% | ||
| Q3 24 | 15.7% | 17.3% | ||
| Q2 24 | 16.9% | 16.2% | ||
| Q1 24 | 16.0% | 5.8% |
| Q4 25 | 7.5% | 22.1% | ||
| Q3 25 | 9.3% | 15.6% | ||
| Q2 25 | 9.9% | 13.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | 8.0% | 24.6% | ||
| Q3 24 | 10.1% | 15.0% | ||
| Q2 24 | 11.7% | 14.5% | ||
| Q1 24 | 8.7% | 6.4% |
| Q4 25 | $0.90 | $0.39 | ||
| Q3 25 | $1.09 | $0.23 | ||
| Q2 25 | $1.10 | $0.18 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | $0.87 | $0.36 | ||
| Q3 24 | $1.11 | $0.19 | ||
| Q2 24 | $1.35 | $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 | $218.2M | $1.3B |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $2.5B |
| Total Assets | $4.9B | $6.2B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $1.3B | ||
| Q3 25 | $258.2M | $1.4B | ||
| Q2 25 | $291.3M | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $249.4M | $1.9B | ||
| Q3 24 | $253.7M | $1.7B | ||
| Q2 24 | $228.5M | $1.5B | ||
| Q1 24 | $76.5M | $1.4B |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.1B | $2.6B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.8B | $2.9B | ||
| Q3 24 | $1.8B | $2.6B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.6B | $2.2B |
| Q4 25 | $4.9B | $6.2B | ||
| Q3 25 | $4.4B | $5.9B | ||
| Q2 25 | $4.2B | $6.0B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $4.0B | $6.1B | ||
| Q3 24 | $4.1B | $5.5B | ||
| Q2 24 | $4.0B | $5.2B | ||
| Q1 24 | $3.8B | $4.7B |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.61× | — |
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 | $81.5M | $311.6M |
| Free Cash FlowOCF − Capex | $70.3M | $285.3M |
| FCF MarginFCF / Revenue | 9.7% | 33.7% |
| Capex IntensityCapex / Revenue | 1.5% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.49× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $311.6M | ||
| Q3 25 | $46.6M | $224.7M | ||
| Q2 25 | $35.4M | $165.0M | ||
| Q1 25 | — | $291.4M | ||
| Q4 24 | $126.9M | $199.4M | ||
| Q3 24 | $101.0M | $273.3M | ||
| Q2 24 | $83.0M | $81.3M | ||
| Q1 24 | $44.5M | $185.5M |
| Q4 25 | $70.3M | $285.3M | ||
| Q3 25 | $37.4M | $158.3M | ||
| Q2 25 | $28.1M | $119.8M | ||
| Q1 25 | — | $232.3M | ||
| Q4 24 | $102.2M | $179.2M | ||
| Q3 24 | $90.4M | $224.6M | ||
| Q2 24 | $74.0M | $59.1M | ||
| Q1 24 | $37.1M | $178.2M |
| Q4 25 | 9.7% | 33.7% | ||
| Q3 25 | 5.2% | 21.4% | ||
| Q2 25 | 4.1% | 17.3% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | 15.2% | 24.2% | ||
| Q3 24 | 13.4% | 35.8% | ||
| Q2 24 | 10.5% | 10.1% | ||
| Q1 24 | 5.4% | 36.3% |
| Q4 25 | 1.5% | 3.1% | ||
| Q3 25 | 1.3% | 9.0% | ||
| Q2 25 | 1.1% | 6.5% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | 3.7% | 2.7% | ||
| Q3 24 | 1.6% | 7.8% | ||
| Q2 24 | 1.3% | 3.8% | ||
| Q1 24 | 1.1% | 1.5% |
| Q4 25 | 1.49× | 1.67× | ||
| Q3 25 | 0.70× | 1.94× | ||
| Q2 25 | 0.53× | 1.83× | ||
| Q1 25 | — | 5.75× | ||
| Q4 24 | 2.36× | 1.09× | ||
| Q3 24 | 1.48× | 2.90× | ||
| Q2 24 | 1.00× | 0.96× | ||
| Q1 24 | 0.74× | 5.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
