Trade Desk price to free cash flow TTD

Market value divided by free cash flow over the last twelve months, since 2017.

Today, Oct 23, 2026: 7.1×
9-year median: 84.1×
Against its 9-year history: 1st; percentile: 0 is its lowest day, 100 its highest
9-year range: 6.5× to 477×
Peer median: 15.9×

Trade Desk's price to free cash flow is 7.1× as of Oct 23, 2026.

That is below its 9-year median of 84.1×, lower than on 99% of days in the last 9 years.

Over that time it ranged from 6.5× in Oct 2026 to 477× in Apr 2020.

The median for 10 application software stocks of a similar size is 15.9×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	7.1×	6.5×	26.4×
2025	26.9×	25.7×	116×
2024	113×	53.6×	130×
2023	57.7×	42.1×	87.5×
2022	44.7×	44.7×	125×
2021	137×	68.7×	295×
2020	273×	115×	477×
2019	117×	83.8×	205×
2018	97.8×	55.4×	142×
2017	59.9×	59.4×	94.0×

Against its peers

Companies in Software - Application nearest Trade Desk's size, closest first, today.

Company	Price to free cash flow
TTDTrade Desk	7.1×
PEGAPegasystems	12.2×
RNGRingCentral	10.9×
HNGEHinge Health	31.0×
LIFLife360	35.7×
FAFirst Advantage	14.7×
MTCHMatch	9.2×
ESTCElastic	30.8×
DOCNDigitalOcean	56.4×
MGNIMagnite	15.2×
FDSFactset Research Systems	16.6×
Peer median	15.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Trade Desk

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.