vs
纽约时报公司（NYT）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)的季度营收约是纽约时报公司的1.1倍（$846.8M vs $802.3M），Trade Desk (The)净利率更高（22.1% vs 16.2%，领先5.9%），Trade Desk (The)同比增速更快（14.3% vs 10.4%），Trade Desk (The)自由现金流更多（$285.3M vs $157.6M），过去两年Trade Desk (The)的营收复合增速更高（31.3% vs 16.2%）
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
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。
NYT vs TTD — 直观对比
营收规模更大
TTD
是对方的1.1倍
$802.3M
营收增速更快
TTD
高出3.9%
10.4%
净利率更高
TTD
高出5.9%
16.2%
自由现金流更多
TTD
多$127.6M
$157.6M
两年增速更快
TTD
近两年复合增速
16.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.3M | $846.8M |
| 净利润 | $129.8M | $186.9M |
| 毛利率 | — | 80.7% |
| 营业利润率 | 20.1% | 30.3% |
| 净利率 | 16.2% | 22.1% |
| 营收同比 | 10.4% | 14.3% |
| 净利润同比 | 4.9% | 2.6% |
| 每股收益（稀释后） | $0.79 | $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NYTTTD
| Q4 25 | $802.3M | $846.8M | ||
| Q3 25 | $700.8M | $739.4M | ||
| Q2 25 | $685.9M | $694.0M | ||
| Q1 25 | $635.9M | $616.0M | ||
| Q4 24 | $726.6M | $741.0M | ||
| Q3 24 | $640.2M | $628.0M | ||
| Q2 24 | $625.1M | $584.5M | ||
| Q1 24 | $594.0M | $491.3M |
净利润NYTTTD
| Q4 25 | $129.8M | $186.9M | ||
| Q3 25 | $81.6M | $115.5M | ||
| Q2 25 | $82.9M | $90.1M | ||
| Q1 25 | $49.6M | $50.7M | ||
| Q4 24 | $123.7M | $182.2M | ||
| Q3 24 | $64.1M | $94.2M | ||
| Q2 24 | $65.5M | $85.0M | ||
| Q1 24 | $40.4M | $31.7M |
毛利率NYTTTD
| 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NYTTTD
| Q4 25 | 20.1% | 30.3% | ||
| Q3 25 | 15.0% | 21.8% | ||
| Q2 25 | 15.5% | 16.8% | ||
| Q1 25 | 9.2% | 8.8% | ||
| Q4 24 | 20.2% | 26.4% | ||
| Q3 24 | 12.0% | 17.3% | ||
| Q2 24 | 12.7% | 16.2% | ||
| Q1 24 | 8.1% | 5.8% |
净利率NYTTTD
| Q4 25 | 16.2% | 22.1% | ||
| Q3 25 | 11.7% | 15.6% | ||
| Q2 25 | 12.1% | 13.0% | ||
| Q1 25 | 7.8% | 8.2% | ||
| Q4 24 | 17.0% | 24.6% | ||
| Q3 24 | 10.0% | 15.0% | ||
| Q2 24 | 10.5% | 14.5% | ||
| Q1 24 | 6.8% | 6.4% |
每股收益（稀释后）NYTTTD
| Q4 25 | $0.79 | $0.39 | ||
| Q3 25 | $0.50 | $0.23 | ||
| Q2 25 | $0.50 | $0.18 | ||
| Q1 25 | $0.30 | $0.10 | ||
| Q4 24 | $0.74 | $0.36 | ||
| Q3 24 | $0.39 | $0.19 | ||
| Q2 24 | $0.40 | $0.17 | ||
| Q1 24 | $0.24 | $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 | $642.2M | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.5B |
| 总资产 | $3.0B | $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NYTTTD
| Q4 25 | $642.2M | $1.3B | ||
| Q3 25 | $617.4M | $1.4B | ||
| Q2 25 | $540.2M | $1.7B | ||
| Q1 25 | $522.1M | $1.7B | ||
| Q4 24 | $565.9M | $1.9B | ||
| Q3 24 | $492.9M | $1.7B | ||
| Q2 24 | $411.4M | $1.5B | ||
| Q1 24 | $379.1M | $1.4B |
股东权益NYTTTD
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $1.9B | $2.9B | ||
| Q3 24 | $1.9B | $2.6B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $1.7B | $2.2B |
总资产NYTTTD
| Q4 25 | $3.0B | $6.2B | ||
| Q3 25 | $2.9B | $5.9B | ||
| Q2 25 | $2.8B | $6.0B | ||
| Q1 25 | $2.7B | $5.7B | ||
| Q4 24 | $2.8B | $6.1B | ||
| Q3 24 | $2.8B | $5.5B | ||
| Q2 24 | $2.7B | $5.2B | ||
| Q1 24 | $2.6B | $4.7B |
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 | $164.2M | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $157.6M | $285.3M |
| 自由现金流率自由现金流/营收 | 19.6% | 33.7% |
| 资本支出强度资本支出/营收 | 0.8% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.26× | 1.67× |
| 过去12个月自由现金流最近4个季度 | $550.5M | $795.7M |
8季度趋势，按日历期对齐
经营现金流NYTTTD
| Q4 25 | $164.2M | $311.6M | ||
| Q3 25 | $207.6M | $224.7M | ||
| Q2 25 | $113.6M | $165.0M | ||
| Q1 25 | $99.1M | $291.4M | ||
| Q4 24 | $151.7M | $199.4M | ||
| Q3 24 | $125.5M | $273.3M | ||
| Q2 24 | $80.2M | $81.3M | ||
| Q1 24 | $53.1M | $185.5M |
自由现金流NYTTTD
| Q4 25 | $157.6M | $285.3M | ||
| Q3 25 | $199.7M | $158.3M | ||
| Q2 25 | $103.3M | $119.8M | ||
| Q1 25 | $89.9M | $232.3M | ||
| Q4 24 | $143.6M | $179.2M | ||
| Q3 24 | $118.4M | $224.6M | ||
| Q2 24 | $72.6M | $59.1M | ||
| Q1 24 | $46.7M | $178.2M |
自由现金流率NYTTTD
| Q4 25 | 19.6% | 33.7% | ||
| Q3 25 | 28.5% | 21.4% | ||
| Q2 25 | 15.1% | 17.3% | ||
| Q1 25 | 14.1% | 37.7% | ||
| Q4 24 | 19.8% | 24.2% | ||
| Q3 24 | 18.5% | 35.8% | ||
| Q2 24 | 11.6% | 10.1% | ||
| Q1 24 | 7.9% | 36.3% |
资本支出强度NYTTTD
| Q4 25 | 0.8% | 3.1% | ||
| Q3 25 | 1.1% | 9.0% | ||
| Q2 25 | 1.5% | 6.5% | ||
| Q1 25 | 1.5% | 9.6% | ||
| Q4 24 | 1.1% | 2.7% | ||
| Q3 24 | 1.1% | 7.8% | ||
| Q2 24 | 1.2% | 3.8% | ||
| Q1 24 | 1.1% | 1.5% |
现金转化率NYTTTD
| Q4 25 | 1.26× | 1.67× | ||
| Q3 25 | 2.54× | 1.94× | ||
| Q2 25 | 1.37× | 1.83× | ||
| Q1 25 | 2.00× | 5.75× | ||
| Q4 24 | 1.23× | 1.09× | ||
| Q3 24 | 1.96× | 2.90× | ||
| Q2 24 | 1.22× | 0.96× | ||
| Q1 24 | 1.31× | 5.86× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
