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Side-by-side financial comparison of Lineage, Inc. (LINE) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $846.8M, roughly 1.6× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs -7.3%, a 29.3% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 3.1%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $35.0M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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.
LINE vs TTD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $846.8M |
| Net Profit | $-100.0M | $186.9M |
| Gross Margin | 32.3% | 80.7% |
| Operating Margin | 2.5% | 30.3% |
| Net Margin | -7.3% | 22.1% |
| Revenue YoY | 3.1% | 14.3% |
| Net Profit YoY | 79.4% | 2.6% |
| EPS (diluted) | $-0.44 | $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 | $1.4B | $739.4M | ||
| Q2 25 | $1.4B | $694.0M | ||
| Q1 25 | $1.3B | $616.0M | ||
| Q4 24 | $1.3B | $741.0M | ||
| Q3 24 | $1.3B | $628.0M | ||
| Q2 24 | $1.3B | $584.5M | ||
| Q1 24 | $1.3B | $491.3M |
| Q4 25 | — | $186.9M | ||
| Q3 25 | $-100.0M | $115.5M | ||
| Q2 25 | $-6.0M | $90.1M | ||
| Q1 25 | $0 | $50.7M | ||
| Q4 24 | $-71.0M | $182.2M | ||
| Q3 24 | $-485.0M | $94.2M | ||
| Q2 24 | $-68.0M | $85.0M | ||
| Q1 24 | $-40.0M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | 32.3% | 78.1% | ||
| Q2 25 | 31.9% | 78.2% | ||
| Q1 25 | 32.2% | 76.8% | ||
| Q4 24 | 32.3% | 81.7% | ||
| Q3 24 | 32.8% | 80.5% | ||
| Q2 24 | 33.4% | 81.1% | ||
| Q1 24 | 33.4% | 78.9% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | 2.5% | 21.8% | ||
| Q2 25 | 1.7% | 16.8% | ||
| Q1 25 | 4.3% | 8.8% | ||
| Q4 24 | -1.6% | 26.4% | ||
| Q3 24 | -38.6% | 17.3% | ||
| Q2 24 | 5.5% | 16.2% | ||
| Q1 24 | 7.6% | 5.8% |
| Q4 25 | — | 22.1% | ||
| Q3 25 | -7.3% | 15.6% | ||
| Q2 25 | -0.4% | 13.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | -5.3% | 24.6% | ||
| Q3 24 | -36.3% | 15.0% | ||
| Q2 24 | -5.1% | 14.5% | ||
| Q1 24 | -3.0% | 6.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $-0.44 | $0.23 | ||
| Q2 25 | $-0.03 | $0.18 | ||
| Q1 25 | $0.01 | $0.10 | ||
| Q4 24 | $-0.52 | $0.36 | ||
| Q3 24 | $-2.44 | $0.19 | ||
| Q2 24 | $-0.46 | $0.17 | ||
| Q1 24 | $-0.28 | $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 | — | — |
| Stockholders' EquityBook value | $8.4B | $2.5B |
| Total Assets | $19.2B | $6.2B |
| Debt / EquityLower = less leverage | — | — |
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 | $173.0M | $1.9B | ||
| Q3 24 | $409.0M | $1.7B | ||
| Q2 24 | $73.0M | $1.5B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | — | $2.5B | ||
| Q3 25 | $8.4B | $2.6B | ||
| Q2 25 | $8.6B | $2.7B | ||
| Q1 25 | $8.6B | $2.7B | ||
| Q4 24 | $8.6B | $2.9B | ||
| Q3 24 | $9.0B | $2.6B | ||
| Q2 24 | $4.9B | $2.4B | ||
| Q1 24 | $5.6B | $2.2B |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $19.2B | $5.9B | ||
| Q2 25 | $19.4B | $6.0B | ||
| Q1 25 | $18.8B | $5.7B | ||
| Q4 24 | $18.7B | $6.1B | ||
| Q3 24 | $19.3B | $5.5B | ||
| Q2 24 | $18.8B | $5.2B | ||
| Q1 24 | — | $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 | $230.0M | $311.6M |
| Free Cash FlowOCF − Capex | $35.0M | $285.3M |
| FCF MarginFCF / Revenue | 2.5% | 33.7% |
| Capex IntensityCapex / Revenue | 14.2% | 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 | — | $311.6M | ||
| Q3 25 | $230.0M | $224.7M | ||
| Q2 25 | $258.0M | $165.0M | ||
| Q1 25 | $139.0M | $291.4M | ||
| Q4 24 | — | $199.4M | ||
| Q3 24 | $186.0M | $273.3M | ||
| Q2 24 | $155.0M | $81.3M | ||
| Q1 24 | $105.0M | $185.5M |
| Q4 25 | — | $285.3M | ||
| Q3 25 | $35.0M | $158.3M | ||
| Q2 25 | $95.0M | $119.8M | ||
| Q1 25 | $-12.0M | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | $33.0M | $224.6M | ||
| Q2 24 | $-31.0M | $59.1M | ||
| Q1 24 | $-42.0M | $178.2M |
| Q4 25 | — | 33.7% | ||
| Q3 25 | 2.5% | 21.4% | ||
| Q2 25 | 7.0% | 17.3% | ||
| Q1 25 | -0.9% | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | 2.5% | 35.8% | ||
| Q2 24 | -2.3% | 10.1% | ||
| Q1 24 | -3.2% | 36.3% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | 14.2% | 9.0% | ||
| Q2 25 | 12.1% | 6.5% | ||
| Q1 25 | 11.7% | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 11.5% | 7.8% | ||
| Q2 24 | 13.9% | 3.8% | ||
| Q1 24 | 11.1% | 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.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
