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Trade Desk (The)（TTD）与WESTERN ALLIANCE BANCORPORATION（WAL）财务数据对比。点击上方公司名可切换其他公司
WESTERN ALLIANCE BANCORPORATION的季度营收约是Trade Desk (The)的1.2倍（$1.0B vs $846.8M），Trade Desk (The)净利率更高（22.1% vs 18.6%，领先3.5%），WESTERN ALLIANCE BANCORPORATION同比增速更快（31.0% vs 14.3%），过去两年Trade Desk (The)的营收复合增速更高（31.3% vs 14.9%）
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。
Western Alliance Bancorporation是总部位于美国菲尼克斯的区域性银行控股公司，长期深耕美国本土区域金融服务市场，目前已跻身美国最大银行行列，在福布斯发布的美国最佳银行榜单中排名第97位。
TTD vs WAL — 直观对比
营收规模更大
WAL
是对方的1.2倍
$846.8M
营收增速更快
WAL
高出16.7%
14.3%
净利率更高
TTD
高出3.5%
18.6%
两年增速更快
TTD
近两年复合增速
14.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $846.8M | $1.0B |
| 净利润 | $186.9M | $189.2M |
| 毛利率 | 80.7% | — |
| 营业利润率 | 30.3% | — |
| 净利率 | 22.1% | 18.6% |
| 营收同比 | 14.3% | 31.0% |
| 净利润同比 | 2.6% | -5.0% |
| 每股收益（稀释后） | $0.39 | $1.65 |
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TTDWAL
| Q1 26 | — | $1.0B | ||
| Q4 25 | $846.8M | $980.9M | ||
| Q3 25 | $739.4M | $938.2M | ||
| Q2 25 | $694.0M | $845.9M | ||
| Q1 25 | $616.0M | $778.0M | ||
| Q4 24 | $741.0M | $838.4M | ||
| Q3 24 | $628.0M | $823.1M | ||
| Q2 24 | $584.5M | $771.8M |
净利润TTDWAL
| Q1 26 | — | $189.2M | ||
| Q4 25 | $186.9M | $286.1M | ||
| Q3 25 | $115.5M | $253.4M | ||
| Q2 25 | $90.1M | $230.4M | ||
| Q1 25 | $50.7M | $199.1M | ||
| Q4 24 | $182.2M | $216.9M | ||
| Q3 24 | $94.2M | $199.8M | ||
| Q2 24 | $85.0M | $193.6M |
毛利率TTDWAL
| Q1 26 | — | — | ||
| 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% | — |
营业利润率TTDWAL
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | 36.3% | ||
| Q3 25 | 21.8% | 33.4% | ||
| Q2 25 | 16.8% | 34.4% | ||
| Q1 25 | 8.8% | 31.7% | ||
| Q4 24 | 26.4% | 30.9% | ||
| Q3 24 | 17.3% | 30.6% | ||
| Q2 24 | 16.2% | 32.1% |
净利率TTDWAL
| Q1 26 | — | 18.6% | ||
| Q4 25 | 22.1% | 29.2% | ||
| Q3 25 | 15.6% | 27.0% | ||
| Q2 25 | 13.0% | 27.2% | ||
| Q1 25 | 8.2% | 25.6% | ||
| Q4 24 | 24.6% | 25.9% | ||
| Q3 24 | 15.0% | 24.3% | ||
| Q2 24 | 14.5% | 25.1% |
每股收益（稀释后）TTDWAL
| Q1 26 | — | $1.65 | ||
| Q4 25 | $0.39 | $2.59 | ||
| Q3 25 | $0.23 | $2.28 | ||
| Q2 25 | $0.18 | $2.07 | ||
| Q1 25 | $0.10 | $1.79 | ||
| Q4 24 | $0.36 | $1.94 | ||
| Q3 24 | $0.19 | $1.80 | ||
| Q2 24 | $0.17 | $1.75 |
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 | — | $4.3B |
| 股东权益账面价值 | $2.5B | $7.9B |
| 总资产 | $6.2B | $98.9B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资TTDWAL
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.5B | — |
总债务TTDWAL
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $436.0M |
股东权益TTDWAL
| Q1 26 | — | $7.9B | ||
| Q4 25 | $2.5B | $7.7B | ||
| Q3 25 | $2.6B | $7.4B | ||
| Q2 25 | $2.7B | $7.1B | ||
| Q1 25 | $2.7B | $6.9B | ||
| Q4 24 | $2.9B | $6.7B | ||
| Q3 24 | $2.6B | $6.7B | ||
| Q2 24 | $2.4B | $6.3B |
总资产TTDWAL
| Q1 26 | — | $98.9B | ||
| Q4 25 | $6.2B | $92.8B | ||
| Q3 25 | $5.9B | $91.0B | ||
| Q2 25 | $6.0B | $86.7B | ||
| Q1 25 | $5.7B | $83.0B | ||
| Q4 24 | $6.1B | $80.9B | ||
| Q3 24 | $5.5B | $80.1B | ||
| Q2 24 | $5.2B | $80.6B |
负债/权益比TTDWAL
| Q1 26 | — | 0.54× | ||
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.23× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.07× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $285.3M | — |
| 自由现金流率自由现金流/营收 | 33.7% | — |
| 资本支出强度资本支出/营收 | 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 | $795.7M | — |
8季度趋势，按日历期对齐
经营现金流TTDWAL
| Q1 26 | — | — | ||
| Q4 25 | $311.6M | $-2.7B | ||
| Q3 25 | $224.7M | $-597.4M | ||
| Q2 25 | $165.0M | $-357.7M | ||
| Q1 25 | $291.4M | $-1.7B | ||
| Q4 24 | $199.4M | $-2.7B | ||
| Q3 24 | $273.3M | $-1.1B | ||
| Q2 24 | $81.3M | $-745.8M |
自由现金流TTDWAL
| Q1 26 | — | — | ||
| Q4 25 | $285.3M | — | ||
| Q3 25 | $158.3M | — | ||
| Q2 25 | $119.8M | — | ||
| Q1 25 | $232.3M | — | ||
| Q4 24 | $179.2M | — | ||
| Q3 24 | $224.6M | — | ||
| Q2 24 | $59.1M | — |
自由现金流率TTDWAL
| Q1 26 | — | — | ||
| Q4 25 | 33.7% | — | ||
| Q3 25 | 21.4% | — | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 37.7% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | 10.1% | — |
资本支出强度TTDWAL
| Q1 26 | — | — | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 3.8% | — |
现金转化率TTDWAL
| Q1 26 | — | — | ||
| Q4 25 | 1.67× | -9.36× | ||
| Q3 25 | 1.94× | -2.36× | ||
| Q2 25 | 1.83× | -1.55× | ||
| Q1 25 | 5.75× | -8.31× | ||
| Q4 24 | 1.09× | -12.64× | ||
| Q3 24 | 2.90× | -5.35× | ||
| Q2 24 | 0.96× | -3.85× |
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% |
WAL
暂无分部数据
