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Side-by-side financial comparison of Trade Desk (The) (TTD) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $566.0M, roughly 1.5× WillScot Holdings Corp). Trade Desk (The) runs the higher net margin — 22.1% vs -33.1%, a 55.2% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs -6.1%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $149.7M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
TTD vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $846.8M | $566.0M |
| Net Profit | $186.9M | $-187.3M |
| Gross Margin | 80.7% | 50.4% |
| Operating Margin | 30.3% | -32.5% |
| Net Margin | 22.1% | -33.1% |
| Revenue YoY | 14.3% | -6.1% |
| Net Profit YoY | 2.6% | -310.0% |
| EPS (diluted) | $0.39 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $739.4M | $566.8M | ||
| Q2 25 | $694.0M | $589.1M | ||
| Q1 25 | $616.0M | $559.6M | ||
| Q4 24 | $741.0M | $602.5M | ||
| Q3 24 | $628.0M | $601.4M | ||
| Q2 24 | $584.5M | $604.6M | ||
| Q1 24 | $491.3M | $587.2M |
| Q4 25 | $186.9M | $-187.3M | ||
| Q3 25 | $115.5M | $43.3M | ||
| Q2 25 | $90.1M | $47.9M | ||
| Q1 25 | $50.7M | $43.1M | ||
| Q4 24 | $182.2M | $89.2M | ||
| Q3 24 | $94.2M | $-70.5M | ||
| Q2 24 | $85.0M | $-46.9M | ||
| Q1 24 | $31.7M | $56.2M |
| Q4 25 | 80.7% | 50.4% | ||
| Q3 25 | 78.1% | 49.7% | ||
| Q2 25 | 78.2% | 50.3% | ||
| Q1 25 | 76.8% | 53.7% | ||
| Q4 24 | 81.7% | 55.8% | ||
| Q3 24 | 80.5% | 53.5% | ||
| Q2 24 | 81.1% | 54.1% | ||
| Q1 24 | 78.9% | 54.0% |
| Q4 25 | 30.3% | -32.5% | ||
| Q3 25 | 21.8% | 21.0% | ||
| Q2 25 | 16.8% | 21.5% | ||
| Q1 25 | 8.8% | 21.3% | ||
| Q4 24 | 26.4% | 28.9% | ||
| Q3 24 | 17.3% | -5.9% | ||
| Q2 24 | 16.2% | -0.9% | ||
| Q1 24 | 5.8% | 22.1% |
| Q4 25 | 22.1% | -33.1% | ||
| Q3 25 | 15.6% | 7.6% | ||
| Q2 25 | 13.0% | 8.1% | ||
| Q1 25 | 8.2% | 7.7% | ||
| Q4 24 | 24.6% | 14.8% | ||
| Q3 24 | 15.0% | -11.7% | ||
| Q2 24 | 14.5% | -7.7% | ||
| Q1 24 | 6.4% | 9.6% |
| Q4 25 | $0.39 | $-1.02 | ||
| Q3 25 | $0.23 | $0.24 | ||
| Q2 25 | $0.18 | $0.26 | ||
| Q1 25 | $0.10 | $0.23 | ||
| Q4 24 | $0.36 | $0.48 | ||
| Q3 24 | $0.19 | $-0.37 | ||
| Q2 24 | $0.17 | $-0.25 | ||
| Q1 24 | $0.06 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $2.5B | $856.3M |
| Total Assets | $6.2B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $14.6M | ||
| Q3 25 | $1.4B | $14.8M | ||
| Q2 25 | $1.7B | $12.8M | ||
| Q1 25 | $1.7B | $10.7M | ||
| Q4 24 | $1.9B | $9.0M | ||
| Q3 24 | $1.7B | $11.0M | ||
| Q2 24 | $1.5B | $5.9M | ||
| Q1 24 | $1.4B | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $2.5B | $856.3M | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.7B | $1.0B | ||
| Q1 25 | $2.7B | $1.0B | ||
| Q4 24 | $2.9B | $1.0B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.2B | $1.3B |
| Q4 25 | $6.2B | $5.8B | ||
| Q3 25 | $5.9B | $6.1B | ||
| Q2 25 | $6.0B | $6.1B | ||
| Q1 25 | $5.7B | $6.0B | ||
| Q4 24 | $6.1B | $6.0B | ||
| Q3 24 | $5.5B | $6.0B | ||
| Q2 24 | $5.2B | $6.0B | ||
| Q1 24 | $4.7B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $285.3M | $149.7M |
| FCF MarginFCF / Revenue | 33.7% | 26.5% |
| Capex IntensityCapex / Revenue | 3.1% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.67× | — |
| TTM Free Cash FlowTrailing 4 quarters | $795.7M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.6M | $158.9M | ||
| Q3 25 | $224.7M | $191.2M | ||
| Q2 25 | $165.0M | $205.3M | ||
| Q1 25 | $291.4M | $206.6M | ||
| Q4 24 | $199.4M | $178.9M | ||
| Q3 24 | $273.3M | $-1.6M | ||
| Q2 24 | $81.3M | $175.6M | ||
| Q1 24 | $185.5M | $208.7M |
| Q4 25 | $285.3M | $149.7M | ||
| Q3 25 | $158.3M | $186.9M | ||
| Q2 25 | $119.8M | $199.0M | ||
| Q1 25 | $232.3M | $202.0M | ||
| Q4 24 | $179.2M | $176.6M | ||
| Q3 24 | $224.6M | $-4.9M | ||
| Q2 24 | $59.1M | $169.4M | ||
| Q1 24 | $178.2M | $202.1M |
| Q4 25 | 33.7% | 26.5% | ||
| Q3 25 | 21.4% | 33.0% | ||
| Q2 25 | 17.3% | 33.8% | ||
| Q1 25 | 37.7% | 36.1% | ||
| Q4 24 | 24.2% | 29.3% | ||
| Q3 24 | 35.8% | -0.8% | ||
| Q2 24 | 10.1% | 28.0% | ||
| Q1 24 | 36.3% | 34.4% |
| Q4 25 | 3.1% | 1.6% | ||
| Q3 25 | 9.0% | 0.7% | ||
| Q2 25 | 6.5% | 1.1% | ||
| Q1 25 | 9.6% | 0.8% | ||
| Q4 24 | 2.7% | 0.4% | ||
| Q3 24 | 7.8% | 0.6% | ||
| Q2 24 | 3.8% | 1.0% | ||
| Q1 24 | 1.5% | 1.1% |
| Q4 25 | 1.67× | — | ||
| Q3 25 | 1.94× | 4.41× | ||
| Q2 25 | 1.83× | 4.28× | ||
| Q1 25 | 5.75× | 4.80× | ||
| Q4 24 | 1.09× | 2.01× | ||
| Q3 24 | 2.90× | — | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | 5.86× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
