TTM and YoY
TTM and YoY are shorthands used in fundamental filters and screener results columns. TTM (trailing twelve months) sums the last four reported quarters into a rolling one-year figure ending at the most recent report, not at a fiscal year-end. YoY (year over year) compares a figure to the same figure one year earlier, cancelling out seasonal ups and downs.
Also seen as: LTM
How does Fincanva handle it?
- On a screener's Fundamentals tab, the small second line under a column header states the measurement basis: Sales reads TTM; Sales growth, Gross profit growth, EBITDA growth, Net income growth and FCF growth read TTM · YoY; Working capital growth reads YoY alone.
- Hovering any of those seven headers shows this term's explanation.
- The six growth columns are tinted by the sign of the change; Sales is a level, so it is not.
How is a year-over-year change calculated?
A year-over-year change is the current figure divided by the figure one year earlier, minus one — the same as the difference between the two, divided by the earlier figure.
- the current value — for the TTM · YoY columns, the latest TTM figure
- the same value one year earlier
Why are TTM and YoY used?
TTM gives an up-to-date annual figure between fiscal year-ends: instead of waiting for the full-year accounts, it adds the four most recent quarters, so the number moves every reporting season. YoY strips out seasonality: comparing this quarter to the same quarter last year avoids the distortion of holding a holiday quarter against a summer one.
What does it look like in practice?
Suppose a company's fiscal year ends in December. After it reports Q3, its fiscal-year revenue still shows last December's full-year total — up to nine months stale. Its TTM revenue instead sums Q4 of last year plus Q1, Q2, and Q3 of this year, giving a rolling twelve-month total that already reflects the most recent quarter. If that TTM figure is 8% above the TTM a year earlier, its revenue YoY is +8%.
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UPDATED 2026-10-06