Why Is Everyone Ignoring Trade Desk Stock's High Cash Yield?

Trade Desk (TTD) stock closed on October 16, 2026, 91.2% below its high of December 4, 2024. That steep decline has made the company's cash unusually cheap to buy. At the closing price of $12.23 a share, the company carried a market value of $5.7 billion. Its free cash flow over the last twelve months equals 14.8% of that value, compared with 4.4% for the median S&P 500 company. A yield that high indicates either a steeply discounted business or one the market expects to shrink. So has Trade Des