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Side-by-side financial comparison of TIC Solutions, Inc. (TIC) 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 ($688.9M vs $508.3M, roughly 1.4× TIC Solutions, Inc.). Trade Desk (The) runs the higher net margin — 5.8% vs -9.3%, a 15.1% gap on every dollar of revenue.
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.
TIC vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $508.3M | $688.9M |
| Net Profit | $-47.2M | $40.0M |
| Gross Margin | 35.2% | — |
| Operating Margin | -3.8% | 9.7% |
| Net Margin | -9.3% | 5.8% |
| Revenue YoY | — | 11.9% |
| Net Profit YoY | — | -21.6% |
| EPS (diluted) | — | $0.08 |
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 | — | $688.9M | ||
| Q4 25 | $508.3M | $846.8M | ||
| Q3 25 | $473.9M | $739.4M | ||
| Q2 25 | $313.9M | $694.0M | ||
| Q1 25 | $234.2M | $616.0M | ||
| Q4 24 | — | $741.0M | ||
| Q3 24 | — | $628.0M | ||
| Q2 24 | — | $584.5M |
| Q1 26 | — | $40.0M | ||
| Q4 25 | $-47.2M | $186.9M | ||
| Q3 25 | $-13.9M | $115.5M | ||
| Q2 25 | $-233.0K | $90.1M | ||
| Q1 25 | $-25.8M | $50.7M | ||
| Q4 24 | — | $182.2M | ||
| Q3 24 | — | $94.2M | ||
| Q2 24 | — | $85.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.2% | 80.7% | ||
| Q3 25 | 32.2% | 78.1% | ||
| Q2 25 | 23.6% | 78.2% | ||
| Q1 25 | 18.6% | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | -3.8% | 30.3% | ||
| Q3 25 | -1.4% | 21.8% | ||
| Q2 25 | 5.8% | 16.8% | ||
| Q1 25 | -4.0% | 8.8% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 16.2% |
| Q1 26 | — | 5.8% | ||
| Q4 25 | -9.3% | 22.1% | ||
| Q3 25 | -2.9% | 15.6% | ||
| Q2 25 | -0.1% | 13.0% | ||
| Q1 25 | -11.0% | 8.2% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 14.5% |
| Q1 26 | — | $0.08 | ||
| Q4 25 | — | $0.39 | ||
| Q3 25 | $-0.08 | $0.23 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $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 | $439.5M | $878.4M |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $2.2B | $2.5B |
| Total Assets | $4.4B | $5.7B |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $878.4M | ||
| Q4 25 | $439.5M | $1.3B | ||
| Q3 25 | $164.4M | $1.4B | ||
| Q2 25 | $130.1M | $1.7B | ||
| Q1 25 | $155.7M | $1.7B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $751.3M | — | ||
| Q1 25 | $752.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.2B | $2.5B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $1.1B | $2.7B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $4.4B | $6.2B | ||
| Q3 25 | $4.2B | $5.9B | ||
| Q2 25 | $2.2B | $6.0B | ||
| Q1 25 | $2.2B | $5.7B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $5.5B | ||
| Q2 24 | — | $5.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $49.7M | $391.8M |
| Free Cash FlowOCF − Capex | $37.1M | — |
| FCF MarginFCF / Revenue | 7.3% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | — | 9.80× |
| TTM Free Cash FlowTrailing 4 quarters | $61.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $391.8M | ||
| Q4 25 | $49.7M | $311.6M | ||
| Q3 25 | $19.0M | $224.7M | ||
| Q2 25 | $-6.5M | $165.0M | ||
| Q1 25 | $32.8M | $291.4M | ||
| Q4 24 | — | $199.4M | ||
| Q3 24 | — | $273.3M | ||
| Q2 24 | — | $81.3M |
| Q1 26 | — | — | ||
| Q4 25 | $37.1M | $285.3M | ||
| Q3 25 | $10.3M | $158.3M | ||
| Q2 25 | $-14.5M | $119.8M | ||
| Q1 25 | $28.3M | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | — | $224.6M | ||
| Q2 24 | — | $59.1M |
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | 33.7% | ||
| Q3 25 | 2.2% | 21.4% | ||
| Q2 25 | -4.6% | 17.3% | ||
| Q1 25 | 12.1% | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 3.1% | ||
| Q3 25 | 1.8% | 9.0% | ||
| Q2 25 | 2.6% | 6.5% | ||
| Q1 25 | 1.9% | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | — | 9.80× | ||
| 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× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
TTD
Segment breakdown not available.
