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Side-by-side financial comparison of TKO Group Holdings (TKO) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
TKO Group Holdings is the larger business by last-quarter revenue ($1.0B vs $846.8M, roughly 1.2× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs -0.2%, a 22.3% gap on every dollar of revenue. On growth, TKO Group Holdings posted the faster year-over-year revenue change (61.6% vs 14.3%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs 28.4%).
TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).
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.
TKO vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $846.8M |
| Net Profit | $-2.4M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | 5.5% | 30.3% |
| Net Margin | -0.2% | 22.1% |
| Revenue YoY | 61.6% | 14.3% |
| Net Profit YoY | -107.7% | 2.6% |
| EPS (diluted) | $-0.07 | $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 | $1.0B | $846.8M | ||
| Q3 25 | $1.1B | $739.4M | ||
| Q2 25 | $1.3B | $694.0M | ||
| Q1 25 | $1.3B | $616.0M | ||
| Q4 24 | $642.2M | $741.0M | ||
| Q3 24 | $681.3M | $628.0M | ||
| Q2 24 | $851.2M | $584.5M | ||
| Q1 24 | $629.7M | $491.3M |
| Q4 25 | $-2.4M | $186.9M | ||
| Q3 25 | $41.0M | $115.5M | ||
| Q2 25 | $98.4M | $90.1M | ||
| Q1 25 | $58.4M | $50.7M | ||
| Q4 24 | $31.0M | $182.2M | ||
| Q3 24 | $23.1M | $94.2M | ||
| Q2 24 | $59.1M | $85.0M | ||
| Q1 24 | $-103.8M | $31.7M |
| 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 24 | — | 78.9% |
| Q4 25 | 5.5% | 30.3% | ||
| Q3 25 | 15.4% | 21.8% | ||
| Q2 25 | 28.1% | 16.8% | ||
| Q1 25 | 18.7% | 8.8% | ||
| Q4 24 | 15.9% | 26.4% | ||
| Q3 24 | 20.0% | 17.3% | ||
| Q2 24 | 30.0% | 16.2% | ||
| Q1 24 | -33.4% | 5.8% |
| Q4 25 | -0.2% | 22.1% | ||
| Q3 25 | 3.7% | 15.6% | ||
| Q2 25 | 7.5% | 13.0% | ||
| Q1 25 | 4.6% | 8.2% | ||
| Q4 24 | 4.8% | 24.6% | ||
| Q3 24 | 3.4% | 15.0% | ||
| Q2 24 | 6.9% | 14.5% | ||
| Q1 24 | -16.5% | 6.4% |
| Q4 25 | $-0.07 | $0.39 | ||
| Q3 25 | $0.47 | $0.23 | ||
| Q2 25 | $1.17 | $0.18 | ||
| Q1 25 | $0.69 | $0.10 | ||
| Q4 24 | $0.28 | $0.36 | ||
| Q3 24 | $0.28 | $0.19 | ||
| Q2 24 | $0.72 | $0.17 | ||
| Q1 24 | $-1.26 | $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 | $831.1M | $1.3B |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $3.7B | $2.5B |
| Total Assets | $15.5B | $6.2B |
| Debt / EquityLower = less leverage | 1.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $831.1M | $1.3B | ||
| Q3 25 | $861.4M | $1.4B | ||
| Q2 25 | $535.1M | $1.7B | ||
| Q1 25 | $470.9M | $1.7B | ||
| Q4 24 | $525.6M | $1.9B | ||
| Q3 24 | $457.4M | $1.7B | ||
| Q2 24 | $277.5M | $1.5B | ||
| Q1 24 | $245.8M | $1.4B |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $3.8B | $2.6B | ||
| Q2 25 | $4.3B | $2.7B | ||
| Q1 25 | $4.2B | $2.7B | ||
| Q4 24 | $4.1B | $2.9B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $4.0B | $2.4B | ||
| Q1 24 | $4.0B | $2.2B |
| Q4 25 | $15.5B | $6.2B | ||
| Q3 25 | $15.5B | $5.9B | ||
| Q2 25 | $15.3B | $6.0B | ||
| Q1 25 | $15.0B | $5.7B | ||
| Q4 24 | $12.7B | $6.1B | ||
| Q3 24 | $12.8B | $5.5B | ||
| Q2 24 | $12.7B | $5.2B | ||
| Q1 24 | $12.7B | $4.7B |
| Q4 25 | 1.01× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.68× | — |
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 | $309.9M | $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.
| Q4 25 | $309.9M | $311.6M | ||
| Q3 25 | $416.8M | $224.7M | ||
| Q2 25 | $396.2M | $165.0M | ||
| Q1 25 | $162.8M | $291.4M | ||
| Q4 24 | $56.8M | $199.4M | ||
| Q3 24 | $236.5M | $273.3M | ||
| Q2 24 | $230.7M | $81.3M | ||
| Q1 24 | $59.3M | $185.5M |
| 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 24 | — | $178.2M |
| 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 24 | — | 36.3% |
| 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 24 | — | 1.5% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | 10.16× | 1.94× | ||
| Q2 25 | 4.03× | 1.83× | ||
| Q1 25 | 2.79× | 5.75× | ||
| Q4 24 | 1.83× | 1.09× | ||
| Q3 24 | 10.22× | 2.90× | ||
| Q2 24 | 3.90× | 0.96× | ||
| Q1 24 | — | 5.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
