COMP <GO>
SNAP vs TTD // EV/EBITDA & P/E VALUATION
Snap Inc. (NYSE) VS. The Trade Desk Inc. (NASDAQ) • 15-METRIC TALLY: SNAP 1
— TTD 11
■ METRIC PARITY
LAST: $5.34 (-5.99%) • MKT CAP: $9.61B
valuation
—
LAST: $12.29 (-5.90%) • MKT CAP: $6.17B
valuation
9.3x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SNAP VS. TTD)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SNAP | TTD | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 55.00% | 78.60% | -23.60 | TTD | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -8.90% | 13.80% | -22.70 | TTD | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 9.3x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 4.55% | 12.89% | -8.34 | TTD | /fcf-yield <GO> |
| Operating Margin | -9.00% | 20.30% | -29.30 | TTD | /operating-margins <GO> |
| Net Profit Margin | -7.80% | 15.30% | -23.10 | TTD | /net-margins <GO> |
| Revenue Growth (YoY) | 10.60% | 18.50% | -7.90 | TTD | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.45 | 2.05 | -1.60 | TTD | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 9/9 | -2.00 | TTD | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.8 | 53.0 | -8.20 | TTD | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.14 | 1.22 | -0.08 | TTD | /macro-sensitivity <GO> |
| Forward P/E Multiple | 22.0x | 11.7x | +10.30 | TTD | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $9.61B | $6.17B | $3.43B | SNAP | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SNAP REV | TTD REV | SNAP GROSS % | TTD GROSS % | SNAP FCF | TTD FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $5.93B | $2.90B | 55.0% | 78.6% | $437.2M | $795.7M |
| FY 2024 | $5.36B | $2.44B | 53.9% | 80.7% | $218.7M | $641.2M |
| FY 2023 | $4.61B | $1.95B | — | — | $39.2M | $510.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SNAP // BETA 1.14
TTD // BETA 1.22