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Side-by-side financial comparison of RH (RH) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $846.8M, roughly 1.0× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 4.1%, a 18.0% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 8.9%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $83.0M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs 9.4%).
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
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.
RH vs TTD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $883.8M | $846.8M |
| Net Profit | $36.3M | $186.9M |
| Gross Margin | 44.1% | 80.7% |
| Operating Margin | 12.0% | 30.3% |
| Net Margin | 4.1% | 22.1% |
| Revenue YoY | 8.9% | 14.3% |
| Net Profit YoY | 9.3% | 2.6% |
| EPS (diluted) | $1.83 | $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 | $883.8M | $846.8M | ||
| Q3 25 | $899.2M | $739.4M | ||
| Q2 25 | $814.0M | $694.0M | ||
| Q1 25 | $812.4M | $616.0M | ||
| Q4 24 | $811.7M | $741.0M | ||
| Q3 24 | $829.7M | $628.0M | ||
| Q2 24 | $727.0M | $584.5M | ||
| Q1 24 | $738.3M | $491.3M |
| Q4 25 | $36.3M | $186.9M | ||
| Q3 25 | $51.7M | $115.5M | ||
| Q2 25 | $8.0M | $90.1M | ||
| Q1 25 | $13.9M | $50.7M | ||
| Q4 24 | $33.2M | $182.2M | ||
| Q3 24 | $29.0M | $94.2M | ||
| Q2 24 | $-3.6M | $85.0M | ||
| Q1 24 | $11.4M | $31.7M |
| Q4 25 | 44.1% | 80.7% | ||
| Q3 25 | 45.5% | 78.1% | ||
| Q2 25 | 43.7% | 78.2% | ||
| Q1 25 | 44.7% | 76.8% | ||
| Q4 24 | 44.5% | 81.7% | ||
| Q3 24 | 45.2% | 80.5% | ||
| Q2 24 | 43.5% | 81.1% | ||
| Q1 24 | 43.5% | 78.9% |
| Q4 25 | 12.0% | 30.3% | ||
| Q3 25 | 14.3% | 21.8% | ||
| Q2 25 | 6.9% | 16.8% | ||
| Q1 25 | 8.7% | 8.8% | ||
| Q4 24 | 12.5% | 26.4% | ||
| Q3 24 | 11.6% | 17.3% | ||
| Q2 24 | 7.5% | 16.2% | ||
| Q1 24 | 8.7% | 5.8% |
| Q4 25 | 4.1% | 22.1% | ||
| Q3 25 | 5.8% | 15.6% | ||
| Q2 25 | 1.0% | 13.0% | ||
| Q1 25 | 1.7% | 8.2% | ||
| Q4 24 | 4.1% | 24.6% | ||
| Q3 24 | 3.5% | 15.0% | ||
| Q2 24 | -0.5% | 14.5% | ||
| Q1 24 | 1.5% | 6.4% |
| Q4 25 | $1.83 | $0.39 | ||
| Q3 25 | $2.62 | $0.23 | ||
| Q2 25 | $0.40 | $0.18 | ||
| Q1 25 | $0.71 | $0.10 | ||
| Q4 24 | $1.66 | $0.36 | ||
| Q3 24 | $1.45 | $0.19 | ||
| Q2 24 | $-0.20 | $0.17 | ||
| Q1 24 | $0.91 | $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 | $43.1M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | $2.5B |
| Total Assets | $4.8B | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.1M | $1.3B | ||
| Q3 25 | $34.6M | $1.4B | ||
| Q2 25 | $46.1M | $1.7B | ||
| Q1 25 | $30.4M | $1.7B | ||
| Q4 24 | $87.0M | $1.9B | ||
| Q3 24 | $78.3M | $1.7B | ||
| Q2 24 | $101.8M | $1.5B | ||
| Q1 24 | $123.7M | $1.4B |
| Q4 25 | $3.3M | $2.5B | ||
| Q3 25 | $-40.9M | $2.6B | ||
| Q2 25 | $-110.8M | $2.7B | ||
| Q1 25 | $-163.6M | $2.7B | ||
| Q4 24 | $-183.0M | $2.9B | ||
| Q3 24 | $-234.7M | $2.6B | ||
| Q2 24 | $-289.9M | $2.4B | ||
| Q1 24 | $-297.4M | $2.2B |
| Q4 25 | $4.8B | $6.2B | ||
| Q3 25 | $4.7B | $5.9B | ||
| Q2 25 | $4.7B | $6.0B | ||
| Q1 25 | $4.6B | $5.7B | ||
| Q4 24 | $4.5B | $6.1B | ||
| Q3 24 | $4.4B | $5.5B | ||
| Q2 24 | $4.2B | $5.2B | ||
| Q1 24 | $4.1B | $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 | $131.9M | $311.6M |
| Free Cash FlowOCF − Capex | $83.0M | $285.3M |
| FCF MarginFCF / Revenue | 9.4% | 33.7% |
| Capex IntensityCapex / Revenue | 5.5% | 3.1% |
| Cash ConversionOCF / Net Profit | 3.64× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $128.1M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $131.9M | $311.6M | ||
| Q3 25 | $137.7M | $224.7M | ||
| Q2 25 | $86.6M | $165.0M | ||
| Q1 25 | $-18.8M | $291.4M | ||
| Q4 24 | $-31.4M | $199.4M | ||
| Q3 24 | $11.2M | $273.3M | ||
| Q2 24 | $56.1M | $81.3M | ||
| Q1 24 | $-114.0M | $185.5M |
| Q4 25 | $83.0M | $285.3M | ||
| Q3 25 | $80.7M | $158.3M | ||
| Q2 25 | $34.1M | $119.8M | ||
| Q1 25 | $-69.7M | $232.3M | ||
| Q4 24 | $-96.0M | $179.2M | ||
| Q3 24 | $-37.9M | $224.6M | ||
| Q2 24 | $-10.1M | $59.1M | ||
| Q1 24 | $-251.5M | $178.2M |
| Q4 25 | 9.4% | 33.7% | ||
| Q3 25 | 9.0% | 21.4% | ||
| Q2 25 | 4.2% | 17.3% | ||
| Q1 25 | -8.6% | 37.7% | ||
| Q4 24 | -11.8% | 24.2% | ||
| Q3 24 | -4.6% | 35.8% | ||
| Q2 24 | -1.4% | 10.1% | ||
| Q1 24 | -34.1% | 36.3% |
| Q4 25 | 5.5% | 3.1% | ||
| Q3 25 | 6.3% | 9.0% | ||
| Q2 25 | 6.5% | 6.5% | ||
| Q1 25 | 6.3% | 9.6% | ||
| Q4 24 | 8.0% | 2.7% | ||
| Q3 24 | 5.9% | 7.8% | ||
| Q2 24 | 9.1% | 3.8% | ||
| Q1 24 | 18.6% | 1.5% |
| Q4 25 | 3.64× | 1.67× | ||
| Q3 25 | 2.66× | 1.94× | ||
| Q2 25 | 10.78× | 1.83× | ||
| Q1 25 | -1.35× | 5.75× | ||
| Q4 24 | -0.95× | 1.09× | ||
| Q3 24 | 0.39× | 2.90× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | -10.01× | 5.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
