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Cardlytics, Inc.（CDLX）与Trade Desk (The)（TTD）财务数据对比。点击上方公司名可切换其他公司
Trade Desk (The)的季度营收约是Cardlytics, Inc.的16.6倍（$846.8M vs $50.9M）。Trade Desk (The)同比增速更快（14.3% vs -25.5%）。Trade Desk (The)自由现金流更多（$285.3M vs $13.0M）。过去两年Trade Desk (The)的营收复合增速更高（31.3% vs -9.6%）
Cardlytics是一家领先的购买智能与广告技术企业，与多家大型银行合作分析匿名消费者交易数据，为消费品牌、零售商及服务商提供基于真实消费行为的精准效果广告投放服务，核心业务覆盖北美与英国地区。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
CDLX vs TTD — 直观对比
营收规模更大
TTD
是对方的16.6倍
$50.9M
营收增速更快
TTD
高出39.7%
-25.5%
自由现金流更多
TTD
多$272.3M
$13.0M
两年增速更快
TTD
近两年复合增速
-9.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $50.9M | $846.8M |
| 净利润 | — | $186.9M |
| 毛利率 | — | 80.7% |
| 营业利润率 | -12.0% | 30.3% |
| 净利率 | — | 22.1% |
| 营收同比 | -25.5% | 14.3% |
| 净利润同比 | — | 2.6% |
| 每股收益（稀释后） | $-0.15 | $0.39 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CDLXTTD
| Q4 25 | $50.9M | $846.8M | ||
| Q3 25 | $47.0M | $739.4M | ||
| Q2 25 | $58.0M | $694.0M | ||
| Q1 25 | $56.4M | $616.0M | ||
| Q4 24 | $68.3M | $741.0M | ||
| Q3 24 | $61.1M | $628.0M | ||
| Q2 24 | $64.0M | $584.5M | ||
| Q1 24 | $62.2M | $491.3M |
净利润CDLXTTD
| Q4 25 | — | $186.9M | ||
| Q3 25 | $-72.7M | $115.5M | ||
| Q2 25 | $-9.3M | $90.1M | ||
| Q1 25 | $-13.3M | $50.7M | ||
| Q4 24 | — | $182.2M | ||
| Q3 24 | $-145.2M | $94.2M | ||
| Q2 24 | $-4.3M | $85.0M | ||
| Q1 24 | $-24.3M | $31.7M |
毛利率CDLXTTD
| 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% |
营业利润率CDLXTTD
| Q4 25 | -12.0% | 30.3% | ||
| Q3 25 | -146.6% | 21.8% | ||
| Q2 25 | -22.0% | 16.8% | ||
| Q1 25 | -24.9% | 8.8% | ||
| Q4 24 | -12.2% | 26.4% | ||
| Q3 24 | -243.1% | 17.3% | ||
| Q2 24 | -24.7% | 16.2% | ||
| Q1 24 | -36.7% | 5.8% |
净利率CDLXTTD
| Q4 25 | — | 22.1% | ||
| Q3 25 | -154.7% | 15.6% | ||
| Q2 25 | -16.0% | 13.0% | ||
| Q1 25 | -23.5% | 8.2% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | -237.6% | 15.0% | ||
| Q2 24 | -6.7% | 14.5% | ||
| Q1 24 | -39.0% | 6.4% |
每股收益（稀释后）CDLXTTD
| Q4 25 | $-0.15 | $0.39 | ||
| Q3 25 | $-1.36 | $0.23 | ||
| Q2 25 | $-0.18 | $0.18 | ||
| Q1 25 | $-0.26 | $0.10 | ||
| Q4 24 | $-0.36 | $0.36 | ||
| Q3 24 | $-2.90 | $0.19 | ||
| Q2 24 | $-0.09 | $0.17 | ||
| Q1 24 | $-0.56 | $0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $48.7M | $1.3B |
| 总债务越低越好 | $212.6M | — |
| 股东权益账面价值 | $-6.5M | $2.5B |
| 总资产 | $285.6M | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CDLXTTD
| Q4 25 | $48.7M | $1.3B | ||
| Q3 25 | $44.0M | $1.4B | ||
| Q2 25 | $46.7M | $1.7B | ||
| Q1 25 | $52.0M | $1.7B | ||
| Q4 24 | $65.6M | $1.9B | ||
| Q3 24 | $67.0M | $1.7B | ||
| Q2 24 | $71.2M | $1.5B | ||
| Q1 24 | $97.8M | $1.4B |
总债务CDLXTTD
| Q4 25 | $212.6M | — | ||
| Q3 25 | $214.6M | — | ||
| Q2 25 | $214.3M | — | ||
| Q1 25 | $213.9M | — | ||
| Q4 24 | $213.6M | — | ||
| Q3 24 | $213.2M | — | ||
| Q2 24 | $212.9M | — | ||
| Q1 24 | $257.9M | — |
股东权益CDLXTTD
| Q4 25 | $-6.5M | $2.5B | ||
| Q3 25 | $-4.7M | $2.6B | ||
| Q2 25 | $58.7M | $2.7B | ||
| Q1 25 | $64.1M | $2.7B | ||
| Q4 24 | $70.0M | $2.9B | ||
| Q3 24 | $69.7M | $2.6B | ||
| Q2 24 | $210.0M | $2.4B | ||
| Q1 24 | $199.1M | $2.2B |
总资产CDLXTTD
| Q4 25 | $285.6M | $6.2B | ||
| Q3 25 | $292.8M | $5.9B | ||
| Q2 25 | $361.1M | $6.0B | ||
| Q1 25 | $369.1M | $5.7B | ||
| Q4 24 | $392.7M | $6.1B | ||
| Q3 24 | $399.4M | $5.5B | ||
| Q2 24 | $534.4M | $5.2B | ||
| Q1 24 | $569.0M | $4.7B |
负债/权益比CDLXTTD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.65× | — | ||
| Q1 25 | 3.34× | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | 1.29× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $13.0M | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $285.3M |
| 自由现金流率自由现金流/营收 | 25.5% | 33.7% |
| 资本支出强度资本支出/营收 | 0.0% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 1.67× |
| 过去12个月自由现金流最近4个季度 | $8.8M | $795.7M |
8季度趋势，按日历期对齐
经营现金流CDLXTTD
| Q4 25 | $13.0M | $311.6M | ||
| Q3 25 | $1.8M | $224.7M | ||
| Q2 25 | $1.2M | $165.0M | ||
| Q1 25 | $-6.7M | $291.4M | ||
| Q4 24 | $3.0M | $199.4M | ||
| Q3 24 | $1.4M | $273.3M | ||
| Q2 24 | $4.4M | $81.3M | ||
| Q1 24 | $-17.6M | $185.5M |
自由现金流CDLXTTD
| Q4 25 | $13.0M | $285.3M | ||
| Q3 25 | $1.7M | $158.3M | ||
| Q2 25 | $903.0K | $119.8M | ||
| Q1 25 | $-6.8M | $232.3M | ||
| Q4 24 | $2.9M | $179.2M | ||
| Q3 24 | $878.0K | $224.6M | ||
| Q2 24 | $4.1M | $59.1M | ||
| Q1 24 | $-18.3M | $178.2M |
自由现金流率CDLXTTD
| Q4 25 | 25.5% | 33.7% | ||
| Q3 25 | 3.7% | 21.4% | ||
| Q2 25 | 1.6% | 17.3% | ||
| Q1 25 | -12.1% | 37.7% | ||
| Q4 24 | 4.2% | 24.2% | ||
| Q3 24 | 1.4% | 35.8% | ||
| Q2 24 | 6.5% | 10.1% | ||
| Q1 24 | -29.4% | 36.3% |
资本支出强度CDLXTTD
| Q4 25 | 0.0% | 3.1% | ||
| Q3 25 | 0.0% | 9.0% | ||
| Q2 25 | 0.6% | 6.5% | ||
| Q1 25 | 0.2% | 9.6% | ||
| Q4 24 | 0.2% | 2.7% | ||
| Q3 24 | 0.8% | 7.8% | ||
| Q2 24 | 0.4% | 3.8% | ||
| Q1 24 | 1.0% | 1.5% |
现金转化率CDLXTTD
| 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× | ||
| Q1 24 | — | 5.86× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
