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Trade Desk (The)（TTD）与Veralto（VLTO）财务数据对比。点击上方公司名可切换其他公司
Veralto的季度营收约是Trade Desk (The)的1.7倍（$1.4B vs $846.8M），Trade Desk (The)净利率更高（22.1% vs 17.9%，领先4.2%），Trade Desk (The)同比增速更快（14.3% vs 6.8%），Trade Desk (The)自由现金流更多（$285.3M vs $170.0M），过去两年Trade Desk (The)的营收复合增速更高（31.3% vs 6.8%）
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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
TTD vs VLTO — 直观对比
营收规模更大
VLTO
是对方的1.7倍
$846.8M
营收增速更快
TTD
高出7.5%
6.8%
净利率更高
TTD
高出4.2%
17.9%
自由现金流更多
TTD
多$115.3M
$170.0M
两年增速更快
TTD
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $846.8M | $1.4B |
| 净利润 | $186.9M | $254.0M |
| 毛利率 | 80.7% | 60.1% |
| 营业利润率 | 30.3% | 23.8% |
| 净利率 | 22.1% | 17.9% |
| 营收同比 | 14.3% | 6.8% |
| 净利润同比 | 2.6% | 12.9% |
| 每股收益（稀释后） | $0.39 | $1.02 |
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TTDVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $846.8M | $1.4B | ||
| Q3 25 | $739.4M | $1.4B | ||
| Q2 25 | $694.0M | $1.3B | ||
| Q1 25 | $616.0M | — | ||
| Q4 24 | $741.0M | $1.3B | ||
| Q3 24 | $628.0M | $1.3B | ||
| Q2 24 | $584.5M | $1.3B |
净利润TTDVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | $186.9M | $239.0M | ||
| Q3 25 | $115.5M | $222.0M | ||
| Q2 25 | $90.1M | $225.0M | ||
| Q1 25 | $50.7M | — | ||
| Q4 24 | $182.2M | $227.0M | ||
| Q3 24 | $94.2M | $219.0M | ||
| Q2 24 | $85.0M | $203.0M |
毛利率TTDVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | 80.7% | 60.1% | ||
| Q3 25 | 78.1% | 60.0% | ||
| Q2 25 | 78.2% | 60.4% | ||
| Q1 25 | 76.8% | — | ||
| Q4 24 | 81.7% | 59.6% | ||
| Q3 24 | 80.5% | 59.6% | ||
| Q2 24 | 81.1% | 60.1% |
营业利润率TTDVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | 30.3% | 23.2% | ||
| Q3 25 | 21.8% | 22.8% | ||
| Q2 25 | 16.8% | 24.2% | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 26.4% | 22.9% | ||
| Q3 24 | 17.3% | 23.4% | ||
| Q2 24 | 16.2% | 23.2% |
净利率TTDVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | 22.1% | 17.0% | ||
| Q3 25 | 15.6% | 16.2% | ||
| Q2 25 | 13.0% | 16.9% | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 24.6% | 16.9% | ||
| Q3 24 | 15.0% | 16.7% | ||
| Q2 24 | 14.5% | 15.8% |
每股收益（稀释后）TTDVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $0.39 | $0.95 | ||
| Q3 25 | $0.23 | $0.89 | ||
| Q2 25 | $0.18 | $0.90 | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.36 | $0.91 | ||
| Q3 24 | $0.19 | $0.88 | ||
| Q2 24 | $0.17 | $0.81 |
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 | $1.3B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | — |
| 总资产 | $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TTDVLTO
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.7B | $1.3B | ||
| Q2 24 | $1.5B | $1.0B |
总债务TTDVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B |
股东权益TTDVLTO
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.8B | ||
| Q3 25 | $2.6B | $2.7B | ||
| Q2 25 | $2.7B | $2.3B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.4B | $1.7B |
总资产TTDVLTO
| Q1 26 | — | — | ||
| Q4 25 | $6.2B | $7.4B | ||
| Q3 25 | $5.9B | $7.2B | ||
| Q2 25 | $6.0B | $6.6B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.1B | $6.4B | ||
| Q3 24 | $5.5B | $6.3B | ||
| Q2 24 | $5.2B | $5.9B |
负债/权益比TTDVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | $311.6M | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $285.3M | $170.0M |
| 自由现金流率自由现金流/营收 | 33.7% | 12.0% |
| 资本支出强度资本支出/营收 | 3.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.67× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $795.7M | $893.0M |
8季度趋势，按日历期对齐
经营现金流TTDVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $311.6M | $270.0M | ||
| Q3 25 | $224.7M | $339.0M | ||
| Q2 25 | $165.0M | $157.0M | ||
| Q1 25 | $291.4M | — | ||
| Q4 24 | $199.4M | $285.0M | ||
| Q3 24 | $273.3M | $224.0M | ||
| Q2 24 | $81.3M | $251.0M |
自由现金流TTDVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $285.3M | $258.0M | ||
| Q3 25 | $158.3M | $323.0M | ||
| Q2 25 | $119.8M | $142.0M | ||
| Q1 25 | $232.3M | — | ||
| Q4 24 | $179.2M | $263.0M | ||
| Q3 24 | $224.6M | $215.0M | ||
| Q2 24 | $59.1M | $240.0M |
自由现金流率TTDVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | 33.7% | 18.4% | ||
| Q3 25 | 21.4% | 23.6% | ||
| Q2 25 | 17.3% | 10.7% | ||
| Q1 25 | 37.7% | — | ||
| Q4 24 | 24.2% | 19.6% | ||
| Q3 24 | 35.8% | 16.4% | ||
| Q2 24 | 10.1% | 18.6% |
资本支出强度TTDVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 3.1% | 0.9% | ||
| Q3 25 | 9.0% | 1.2% | ||
| Q2 25 | 6.5% | 1.1% | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 2.7% | 1.6% | ||
| Q3 24 | 7.8% | 0.7% | ||
| Q2 24 | 3.8% | 0.9% |
现金转化率TTDVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 1.67× | 1.13× | ||
| Q3 25 | 1.94× | 1.53× | ||
| Q2 25 | 1.83× | 0.70× | ||
| Q1 25 | 5.75× | — | ||
| Q4 24 | 1.09× | 1.26× | ||
| Q3 24 | 2.90× | 1.02× | ||
| Q2 24 | 0.96× | 1.24× |
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
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
VLTO
暂无分部数据
