Thomson Reuters Corp (TMSOF) stock analysis
Close on Oct 19, 2026Market cap $53.33BP/E 35.5Yield –
StockData Score
Prices as of Oct 30, 2026How the score works
Weak5 of 30 checks passed
Thomson Reuters passes 5 of the 30 checks behind our score; 19 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 2/6
- Past performance
- 2/6
- Financial health
- 1/6
- Dividend
- 0/6
What stands out
Earnings grew over 5 years
Net income grew 6.0% a year on average over the last five fiscal years.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 90.1% of total debt.
Guidance raised
Thomson Reuters raised its full-year 2026 organic revenue growth outlook on Aug 5, 2026.
Growing faster than the industry
Revenue grew 3.0% over the last twelve months; the Printing, Publishing, and Allied Industries median is 1.1%.
What to watch
Revenue growing under 10% a year
Revenue grew 4.1% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.6% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -32.0% over the last twelve months, against a 5-year average of 6.0% a year.
Net margin below its 5-year average
Net margin was 20.1% over the last twelve months, against a 5-year average of 40.0%.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth2/6
Revenue growing under 10% a year
Revenue grew 4.1% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.6% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -32.0% over the last twelve months, against a 5-year average of 6.0% a year.
Growing faster than the industry
Revenue grew 3.0% over the last twelve months; the Printing, Publishing, and Allied Industries median is 1.1%.
Guidance raised
Thomson Reuters raised its full-year 2026 organic revenue growth outlook on Aug 5, 2026.
Gross margin trend
This company does not report gross profit.
Past performance2/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings grew over 5 years
Net income grew 6.0% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 20.1% over the last twelve months, against a 5-year average of 40.0%.
Net margin above the industry
Thomson Reuters's net margin of 20.1% is above the Printing, Publishing, and Allied Industries median of 4.0%.
Financial health1/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 90.1% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets don't cover short-term debts
Current assets are 0.51 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Thomson Reuters has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Thomson Reuters. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $163.44M
- Value traded per 1% price move
- $72.99M
Downside
High risk
- Typical loss in a bad month
- 31.3%
- Volatility (annualized)
- 51%
- Sharpe ratio, 1 year
- -0.56
- Beta to the S&P 500 (5Y)
- 0.58
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2016 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.0% | +4.1% | +4.6% | – | |
| Operating income | +1.1% | +5.1% | +2.0% | – | |
| Net income | -32.0% | +3.9% | +6.0% | – | |
| EPS, diluted | -31.9% | +6.6% | +8.2% | – | |
| Free cash flow | +9.0% | +15.2% | +10.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | – | |
| Return on assets | – | 6.4% | 8.3% | |
| Current ratio | 1.02 | 1.50 | 0.64 | |
| Debt to equity | 0.58 | – | – | |
| Net debt to EBITDA | 2.08× | – | – | |
| Capex to revenue | – | 8.4% | 8.5% | |
| Diluted shares | 749M | 498M | 450M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Thomson Reuters generated $11.14B from operations and spent $8.27B on capital expenditure, dividends and share buybacks. 35% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2018 | 71.5% | 0.25× | 1.95× | 35.3% |
| FY2017 | 26.3% | 0.19× | 2.10× | 10.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$1.50B
- Cash generatingOperating cash flow above zero$2.65B
- Return on assets improvedROA up on the prior year11.8% → 8.1%
- Earnings backed by cashOperating cash flow above net income$2.65B vs $1.50B
- Less leverageLong-term debt to assets fell10.0% → 7.4%
- Better liquidityCurrent ratio rose1.02 → 0.64
- No dilutionShare count did not rise451M → 450M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.39 → 0.41