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Side-by-side financial comparison of Trade Desk (The) (TTD) and Verisign (VRSN). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $425.3M, roughly 2.0× Verisign). Verisign runs the higher net margin — 48.5% vs 22.1%, a 26.4% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 7.6%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $285.1M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs 5.2%).
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.
Verisign, Inc. is an American company based in Reston, Virginia, that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the authoritative registry for the .com, .net, and .name generic top-level domains and the .cc country-code top-level domains, and the back-end systems for the .jobs and .edu sponsored top-level domains.
TTD vs VRSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $846.8M | $425.3M |
| Net Profit | $186.9M | $206.2M |
| Gross Margin | 80.7% | 88.5% |
| Operating Margin | 30.3% | 67.0% |
| Net Margin | 22.1% | 48.5% |
| Revenue YoY | 14.3% | 7.6% |
| Net Profit YoY | 2.6% | 7.7% |
| EPS (diluted) | $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 | $425.3M | ||
| Q3 25 | $739.4M | $419.1M | ||
| Q2 25 | $694.0M | $409.9M | ||
| Q1 25 | $616.0M | $402.3M | ||
| Q4 24 | $741.0M | $395.4M | ||
| Q3 24 | $628.0M | $390.6M | ||
| Q2 24 | $584.5M | $387.1M | ||
| Q1 24 | $491.3M | $384.3M |
| Q4 25 | $186.9M | $206.2M | ||
| Q3 25 | $115.5M | $212.8M | ||
| Q2 25 | $90.1M | $207.4M | ||
| Q1 25 | $50.7M | $199.3M | ||
| Q4 24 | $182.2M | $191.5M | ||
| Q3 24 | $94.2M | $201.3M | ||
| Q2 24 | $85.0M | $198.8M | ||
| Q1 24 | $31.7M | $194.1M |
| Q4 25 | 80.7% | 88.5% | ||
| Q3 25 | 78.1% | 88.4% | ||
| Q2 25 | 78.2% | 88.0% | ||
| Q1 25 | 76.8% | 87.7% | ||
| Q4 24 | 81.7% | 87.8% | ||
| Q3 24 | 80.5% | 88.0% | ||
| Q2 24 | 81.1% | 87.8% | ||
| Q1 24 | 78.9% | 87.2% |
| Q4 25 | 30.3% | 67.0% | ||
| Q3 25 | 21.8% | 67.8% | ||
| Q2 25 | 16.8% | 68.5% | ||
| Q1 25 | 8.8% | 67.4% | ||
| Q4 24 | 26.4% | 66.7% | ||
| Q3 24 | 17.3% | 68.9% | ||
| Q2 24 | 16.2% | 68.8% | ||
| Q1 24 | 5.8% | 67.4% |
| Q4 25 | 22.1% | 48.5% | ||
| Q3 25 | 15.6% | 50.8% | ||
| Q2 25 | 13.0% | 50.6% | ||
| Q1 25 | 8.2% | 49.5% | ||
| Q4 24 | 24.6% | 48.4% | ||
| Q3 24 | 15.0% | 51.5% | ||
| Q2 24 | 14.5% | 51.4% | ||
| Q1 24 | 6.4% | 50.5% |
| Q4 25 | $0.39 | — | ||
| Q3 25 | $0.23 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.36 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $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 | $580.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $-2.2B |
| Total Assets | $6.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $580.5M | ||
| Q3 25 | $1.4B | $617.7M | ||
| Q2 25 | $1.7B | $593.8M | ||
| Q1 25 | $1.7B | $648.5M | ||
| Q4 24 | $1.9B | $599.9M | ||
| Q3 24 | $1.7B | $644.9M | ||
| Q2 24 | $1.5B | $689.9M | ||
| Q1 24 | $1.4B | $924.7M |
| Q4 25 | $2.5B | $-2.2B | ||
| Q3 25 | $2.6B | $-2.1B | ||
| Q2 25 | $2.7B | $-2.0B | ||
| Q1 25 | $2.7B | $-2.0B | ||
| Q4 24 | $2.9B | $-2.0B | ||
| Q3 24 | $2.6B | $-1.9B | ||
| Q2 24 | $2.4B | $-1.8B | ||
| Q1 24 | $2.2B | $-1.6B |
| Q4 25 | $6.2B | $1.3B | ||
| Q3 25 | $5.9B | $1.4B | ||
| Q2 25 | $6.0B | $1.4B | ||
| Q1 25 | $5.7B | $1.4B | ||
| Q4 24 | $6.1B | $1.4B | ||
| Q3 24 | $5.5B | $1.5B | ||
| Q2 24 | $5.2B | $1.5B | ||
| Q1 24 | $4.7B | $1.7B |
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 | $311.6M | $289.6M |
| Free Cash FlowOCF − Capex | $285.3M | $285.1M |
| FCF MarginFCF / Revenue | 33.7% | 67.0% |
| Capex IntensityCapex / Revenue | 3.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.67× | 1.40× |
| TTM Free Cash FlowTrailing 4 quarters | $795.7M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.6M | $289.6M | ||
| Q3 25 | $224.7M | $307.7M | ||
| Q2 25 | $165.0M | $202.5M | ||
| Q1 25 | $291.4M | $291.3M | ||
| Q4 24 | $199.4M | $231.5M | ||
| Q3 24 | $273.3M | $253.4M | ||
| Q2 24 | $81.3M | $160.4M | ||
| Q1 24 | $185.5M | $257.3M |
| Q4 25 | $285.3M | $285.1M | ||
| Q3 25 | $158.3M | $303.0M | ||
| Q2 25 | $119.8M | $194.7M | ||
| Q1 25 | $232.3M | $285.5M | ||
| Q4 24 | $179.2M | $222.0M | ||
| Q3 24 | $224.6M | $247.8M | ||
| Q2 24 | $59.1M | $151.2M | ||
| Q1 24 | $178.2M | $253.5M |
| Q4 25 | 33.7% | 67.0% | ||
| Q3 25 | 21.4% | 72.3% | ||
| Q2 25 | 17.3% | 47.5% | ||
| Q1 25 | 37.7% | 71.0% | ||
| Q4 24 | 24.2% | 56.1% | ||
| Q3 24 | 35.8% | 63.4% | ||
| Q2 24 | 10.1% | 39.1% | ||
| Q1 24 | 36.3% | 66.0% |
| Q4 25 | 3.1% | 1.1% | ||
| Q3 25 | 9.0% | 1.1% | ||
| Q2 25 | 6.5% | 1.9% | ||
| Q1 25 | 9.6% | 1.4% | ||
| Q4 24 | 2.7% | 2.4% | ||
| Q3 24 | 7.8% | 1.4% | ||
| Q2 24 | 3.8% | 2.4% | ||
| Q1 24 | 1.5% | 1.0% |
| Q4 25 | 1.67× | 1.40× | ||
| Q3 25 | 1.94× | 1.45× | ||
| Q2 25 | 1.83× | 0.98× | ||
| Q1 25 | 5.75× | 1.46× | ||
| Q4 24 | 1.09× | 1.21× | ||
| Q3 24 | 2.90× | 1.26× | ||
| Q2 24 | 0.96× | 0.81× | ||
| Q1 24 | 5.86× | 1.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
VRSN
Segment breakdown not available.
