DoubleVerify
DV · Advertising
$13.55
0.1%The Trade Desk
TTD · Advertising
$13.00
1.2%The short version
- The Trade Desk is the larger business, with $2.9B of revenue in fiscal 2025 against $748M for DoubleVerify, about 3.9 times as much.
- The Trade Desk grew revenue faster (18.5%, against 13.9%).
- The Trade Desk kept more of each dollar of sales as operating profit (20.4% operating margin, against 10.6% operating margin).
- The Trade Desk turned more of its sales into free cash flow (27.5% FCF margin, against 23.1% FCF margin).
- Investors pay more for each dollar of DoubleVerify’s earnings: a P/E of 38.7x against 15.7x for The Trade Desk.
| Latest fiscal year | DV · FY25 | TTD · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.1B | $6.1B |
| Revenue | $748M | $2.9B |
| Free cash flow | $173M | $796M |
| Net income | $50.6M | $443M |
| Growth | ||
| Revenue growth | 13.9% | 18.5% |
| 5-year growth | 25.1% | 28.2% |
| Share count change | −4.8% | −1.7% |
| Profitability | ||
| Gross margin | 82.2% | 78.6% |
| Operating margin | 10.6% | 20.4% |
| Net margin | 6.8% | 15.3% |
| FCF margin | 23.1% | 27.5% |
| Return on capital | — | — |
| Return on equity | 4.6% | 16.3% |
| Balance sheet | ||
| Net debt | — | — |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $132M | $1.4B |
| Valuation & quality | ||
| P/E | 38.7x | 15.7x |
| Piotroski F-score | — | — |
FY16
DV —
TTD $203M
FY17
DV —
TTD $308M
FY18
DV —
TTD $477M
FY19
DV $183M
TTD $661M
FY20
DV $244M
TTD $836M
FY21
DV $333M
TTD $1.2B
FY22
DV $452M
TTD $1.6B
FY23
DV $573M
TTD $1.9B
FY24
DV $657M
TTD $2.4B
FY25
DV $748M
TTD $2.9B
DV
TTD
FY16
DV —
TTD 28.3%
FY17
DV —
TTD 22.5%
FY18
DV —
TTD 22.5%
FY19
DV 21.4%
TTD 17.0%
FY20
DV 8.8%
TTD 17.3%
FY21
DV 8.0%
TTD 10.4%
FY22
DV 13.1%
TTD 7.2%
FY23
DV 15.0%
TTD 10.3%
FY24
DV 12.6%
TTD 17.5%
FY25
DV 10.6%
TTD 20.4%
DV
TTD
FY16
DV —
TTD $68.2M
FY17
DV —
TTD $21.1M
FY18
DV —
TTD $66.8M
FY19
DV $23.5M
TTD $24.5M
FY20
DV $11.5M
TTD $331M
FY21
DV $73.4M
TTD $324M
FY22
DV $54.9M
TTD $465M
FY23
DV $103M
TTD $552M
FY24
DV $133M
TTD $641M
FY25
DV $173M
TTD $796M
DV
TTD
FY16
DV —
TTD —
FY17
DV —
TTD —
FY18
DV —
TTD —
FY19
DV —
TTD —
FY20
DV —
TTD —
FY21
DV —
TTD —
FY22
DV —
TTD —
FY23
DV —
TTD —
FY24
DV —
TTD —
FY25
DV —
TTD —
DV
TTD
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.