Trailing Twelve Months
TTM — the most recent 12 consecutive months of results, used when a fiscal year is stale.
Last updated September 5, 2026
Trailing twelve months (TTM or LTM) sums the last twelve months so buyers are not relying only on a year-old tax return. It should be aligned to monthly financials and, when possible, to bank deposits. Annualize a strong season only if the rest of the year supports it. YTD plus a prior-year stub is a common way brokers build TTM.