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Side-by-side financial comparison of Trade Desk (The) (TTD) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($688.9M vs $340.0M, roughly 2.0× UL Solutions Inc.). On growth, Trade Desk (The) posted the faster year-over-year revenue change (11.9% vs -12.4%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (8.6% CAGR vs -31.8%).
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.
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
TTD vs ULS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $688.9M | $340.0M |
| Net Profit | $40.0M | — |
| Gross Margin | — | — |
| Operating Margin | 9.7% | 24.4% |
| Net Margin | 5.8% | — |
| Revenue YoY | 11.9% | -12.4% |
| 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 | $340.0M | ||
| Q4 25 | $846.8M | $789.0M | ||
| Q3 25 | $739.4M | $783.0M | ||
| Q2 25 | $694.0M | $776.0M | ||
| Q1 25 | $616.0M | $705.0M | ||
| Q4 24 | $741.0M | $739.0M | ||
| Q3 24 | $628.0M | $731.0M | ||
| Q2 24 | $584.5M | $730.0M |
| Q1 26 | $40.0M | — | ||
| Q4 25 | $186.9M | $67.0M | ||
| Q3 25 | $115.5M | $100.0M | ||
| Q2 25 | $90.1M | $91.0M | ||
| Q1 25 | $50.7M | $67.0M | ||
| Q4 24 | $182.2M | $81.0M | ||
| Q3 24 | $94.2M | $88.0M | ||
| Q2 24 | $85.0M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | 80.7% | 49.7% | ||
| Q3 25 | 78.1% | 50.3% | ||
| Q2 25 | 78.2% | 49.4% | ||
| Q1 25 | 76.8% | 48.4% | ||
| Q4 24 | 81.7% | 47.4% | ||
| Q3 24 | 80.5% | 49.0% | ||
| Q2 24 | 81.1% | 50.1% |
| Q1 26 | 9.7% | 24.4% | ||
| Q4 25 | 30.3% | 15.0% | ||
| Q3 25 | 21.8% | 19.9% | ||
| Q2 25 | 16.8% | 17.9% | ||
| Q1 25 | 8.8% | 15.5% | ||
| Q4 24 | 26.4% | 15.6% | ||
| Q3 24 | 17.3% | 17.8% | ||
| Q2 24 | 16.2% | 17.3% |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 22.1% | 8.5% | ||
| Q3 25 | 15.6% | 12.8% | ||
| Q2 25 | 13.0% | 11.7% | ||
| Q1 25 | 8.2% | 9.5% | ||
| Q4 24 | 24.6% | 11.0% | ||
| Q3 24 | 15.0% | 12.0% | ||
| Q2 24 | 14.5% | 13.8% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.39 | $0.33 | ||
| Q3 25 | $0.23 | $0.49 | ||
| Q2 25 | $0.18 | $0.45 | ||
| Q1 25 | $0.10 | $0.33 | ||
| Q4 24 | $0.36 | $0.40 | ||
| Q3 24 | $0.19 | $0.44 | ||
| Q2 24 | $0.17 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $878.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | — |
| Total Assets | $5.7B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $878.4M | — | ||
| Q4 25 | $1.3B | $295.0M | ||
| Q3 25 | $1.4B | $255.0M | ||
| Q2 25 | $1.7B | $272.0M | ||
| Q1 25 | $1.7B | $267.0M | ||
| Q4 24 | $1.9B | $298.0M | ||
| Q3 24 | $1.7B | $327.0M | ||
| Q2 24 | $1.5B | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $491.0M | ||
| Q3 25 | — | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | — | $742.0M | ||
| Q3 24 | — | $797.0M | ||
| Q2 24 | — | $810.0M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.7B | $1.1B | ||
| Q1 25 | $2.7B | $970.0M | ||
| Q4 24 | $2.9B | $904.0M | ||
| Q3 24 | $2.6B | $872.0M | ||
| Q2 24 | $2.4B | $769.0M |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $6.2B | $2.9B | ||
| Q3 25 | $5.9B | $2.9B | ||
| Q2 25 | $6.0B | $2.9B | ||
| Q1 25 | $5.7B | $2.9B | ||
| Q4 24 | $6.1B | $2.8B | ||
| Q3 24 | $5.5B | $2.9B | ||
| Q2 24 | $5.2B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 1.05× |
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 | $391.8M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 9.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $391.8M | — | ||
| Q4 25 | $311.6M | $144.0M | ||
| Q3 25 | $224.7M | $155.0M | ||
| Q2 25 | $165.0M | $147.0M | ||
| Q1 25 | $291.4M | $154.0M | ||
| Q4 24 | $199.4M | $130.0M | ||
| Q3 24 | $273.3M | $150.0M | ||
| Q2 24 | $81.3M | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | $285.3M | $86.0M | ||
| Q3 25 | $158.3M | $109.0M | ||
| Q2 25 | $119.8M | $105.0M | ||
| Q1 25 | $232.3M | $103.0M | ||
| Q4 24 | $179.2M | $72.0M | ||
| Q3 24 | $224.6M | $84.0M | ||
| Q2 24 | $59.1M | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | 33.7% | 10.9% | ||
| Q3 25 | 21.4% | 13.9% | ||
| Q2 25 | 17.3% | 13.5% | ||
| Q1 25 | 37.7% | 14.6% | ||
| Q4 24 | 24.2% | 9.7% | ||
| Q3 24 | 35.8% | 11.5% | ||
| Q2 24 | 10.1% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.1% | 7.4% | ||
| Q3 25 | 9.0% | 5.9% | ||
| Q2 25 | 6.5% | 5.4% | ||
| Q1 25 | 9.6% | 7.2% | ||
| Q4 24 | 2.7% | 7.8% | ||
| Q3 24 | 7.8% | 9.0% | ||
| Q2 24 | 3.8% | 7.7% |
| Q1 26 | 9.80× | — | ||
| Q4 25 | 1.67× | 2.15× | ||
| Q3 25 | 1.94× | 1.55× | ||
| Q2 25 | 1.83× | 1.62× | ||
| Q1 25 | 5.75× | 2.30× | ||
| Q4 24 | 1.09× | 1.60× | ||
| Q3 24 | 2.90× | 1.70× | ||
| Q2 24 | 0.96× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
