THOMSON REUTERS CORP (TRI) Fundamental Analysis & Valuation

NASDAQ:TRI • CA8849038085

Current stock price

90.315 USD
-3.12 (-3.34%)
Last:

This TRI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. TRI Profitability Analysis

1.1 Basic Checks

  • TRI had positive earnings in the past year.
  • TRI had a positive operating cash flow in the past year.
  • TRI had positive earnings in each of the past 5 years.
  • TRI had a positive operating cash flow in each of the past 5 years.
TRI Yearly Net Income VS EBIT VS OCF VS FCFTRI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • With a decent Return On Assets value of 8.35%, TRI is doing good in the industry, outperforming 74.71% of the companies in the same industry.
  • With a decent Return On Equity value of 12.57%, TRI is doing good in the industry, outperforming 60.92% of the companies in the same industry.
  • TRI has a better Return On Invested Capital (10.52%) than 71.26% of its industry peers.
  • TRI had an Average Return On Invested Capital over the past 3 years of 10.43%. This is below the industry average of 12.57%.
  • The last Return On Invested Capital (10.52%) for TRI is above the 3 year average (10.43%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.35%
ROE 12.57%
ROIC 10.52%
ROA(3y)11.57%
ROA(5y)13.31%
ROE(3y)18.42%
ROE(5y)21.52%
ROIC(3y)10.43%
ROIC(5y)8.64%
TRI Yearly ROA, ROE, ROICTRI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • The Profit Margin of TRI (20.04%) is better than 88.51% of its industry peers.
  • In the last couple of years the Profit Margin of TRI has remained more or less at the same level.
  • TRI has a Operating Margin of 26.61%. This is amongst the best in the industry. TRI outperforms 91.95% of its industry peers.
  • In the last couple of years the Operating Margin of TRI has grown nicely.
  • TRI has a Gross Margin of 95.43%. This is amongst the best in the industry. TRI outperforms 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of TRI has remained more or less at the same level.
Industry RankSector Rank
OM 26.61%
PM (TTM) 20.04%
GM 95.43%
OM growth 3Y3.2%
OM growth 5Y5.02%
PM growth 3Y-0.18%
PM growth 5Y1.37%
GM growth 3Y0.01%
GM growth 5Y0.19%
TRI Yearly Profit, Operating, Gross MarginsTRI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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7

2. TRI Health Analysis

2.1 Basic Checks

  • TRI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for TRI has been reduced compared to 1 year ago.
  • Compared to 5 years ago, TRI has less shares outstanding
  • TRI has a better debt/assets ratio than last year.
TRI Yearly Shares OutstandingTRI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
TRI Yearly Total Debt VS Total AssetsTRI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • TRI has an Altman-Z score of 5.56. This indicates that TRI is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of TRI (5.56) is better than 86.21% of its industry peers.
  • TRI has a debt to FCF ratio of 1.18. This is a very positive value and a sign of high solvency as it would only need 1.18 years to pay back of all of its debts.
  • TRI has a better Debt to FCF ratio (1.18) than 74.71% of its industry peers.
  • TRI has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.15, TRI is doing good in the industry, outperforming 63.22% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.18
Altman-Z 5.56
ROIC/WACC1.36
WACC7.71%
TRI Yearly LT Debt VS Equity VS FCFTRI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 0.64 indicates that TRI may have some problems paying its short term obligations.
  • TRI has a worse Current ratio (0.64) than 88.51% of its industry peers.
  • A Quick Ratio of 0.64 indicates that TRI may have some problems paying its short term obligations.
  • TRI has a worse Quick ratio (0.64) than 87.36% of its industry peers.
  • TRI does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.64
Quick Ratio 0.64
TRI Yearly Current Assets VS Current LiabilitesTRI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. TRI Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 3.71% over the past year.
  • TRI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.30% yearly.
  • TRI shows a small growth in Revenue. In the last year, the Revenue has grown by 3.00%.
  • Measured over the past years, TRI shows a small growth in Revenue. The Revenue has been growing by 4.55% on average per year.
EPS 1Y (TTM)3.71%
EPS 3Y13.76%
EPS 5Y15.3%
EPS Q2Q%5.94%
Revenue 1Y (TTM)3%
Revenue growth 3Y4.1%
Revenue growth 5Y4.55%
Sales Q2Q%5.24%

3.2 Future

  • Based on estimates for the next years, TRI will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.90% on average per year.
  • Based on estimates for the next years, TRI will show a quite strong growth in Revenue. The Revenue will grow by 8.36% on average per year.
EPS Next Y14.05%
EPS Next 2Y14.45%
EPS Next 3Y14.69%
EPS Next 5Y11.9%
Revenue Next Year7.79%
Revenue Next 2Y7.82%
Revenue Next 3Y7.99%
Revenue Next 5Y8.36%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TRI Yearly Revenue VS EstimatesTRI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
TRI Yearly EPS VS EstimatesTRI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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3

4. TRI Valuation Analysis

4.1 Price/Earnings Ratio

  • TRI is valuated rather expensively with a Price/Earnings ratio of 23.10.
  • TRI's Price/Earnings ratio is in line with the industry average.
  • TRI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 20.25, TRI is valued on the expensive side.
  • TRI's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.42, TRI is valued at the same level.
Industry RankSector Rank
PE 23.1
Fwd PE 20.25
TRI Price Earnings VS Forward Price EarningsTRI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as TRI.
  • TRI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 19.93
EV/EBITDA 14.72
TRI Per share dataTRI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

  • TRI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of TRI may justify a higher PE ratio.
  • A more expensive valuation may be justified as TRI's earnings are expected to grow with 14.69% in the coming years.
PEG (NY)1.64
PEG (5Y)1.51
EPS Next 2Y14.45%
EPS Next 3Y14.69%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. TRI Dividend Analysis

5.1 Amount

  • TRI has a Yearly Dividend Yield of 2.28%. Purely for dividend investing, there may be better candidates out there.
  • In the last 3 months the price of TRI has falen by -29.01%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 1.79, TRI pays a better dividend. On top of this TRI pays more dividend than 80.46% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, TRI pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.28%

5.2 History

  • On average, the dividend of TRI grows each year by 9.54%, which is quite nice.
  • TRI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.54%
Div Incr Years0
Div Non Decr Years0
TRI Yearly Dividends per shareTRI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • TRI pays out 69.36% of its income as dividend. This is not a sustainable payout ratio.
  • TRI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP69.36%
EPS Next 2Y14.45%
EPS Next 3Y14.69%
TRI Yearly Income VS Free CF VS DividendTRI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
TRI Dividend Payout.TRI Dividend Payout, showing the Payout Ratio.TRI Dividend Payout.PayoutRetained Earnings

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TRI Fundamentals: All Metrics, Ratios and Statistics

THOMSON REUTERS CORP

NASDAQ:TRI (3/23/2026, 1:18:56 PM)

90.315

-3.12 (-3.34%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners27.36%
Inst Owner Change1.13%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap40.19B
Revenue(TTM)7.48B
Net Income(TTM)1.50B
Analysts77.14
Price Target98.59 (9.16%)
Short Float %10.04%
Short Ratio4.66
Dividend
Industry RankSector Rank
Dividend Yield 2.28%
Yearly Dividend2.32
Dividend Growth(5Y)9.54%
DP69.36%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.1%
Min EPS beat(2)0.24%
Max EPS beat(2)1.96%
EPS beat(4)4
Avg EPS beat(4)3.37%
Min EPS beat(4)0.24%
Max EPS beat(4)6.03%
EPS beat(8)8
Avg EPS beat(8)5.12%
EPS beat(12)12
Avg EPS beat(12)6.03%
EPS beat(16)16
Avg EPS beat(16)7.12%
Revenue beat(2)0
Avg Revenue beat(2)-0.71%
Min Revenue beat(2)-0.83%
Max Revenue beat(2)-0.59%
Revenue beat(4)0
Avg Revenue beat(4)-1.37%
Min Revenue beat(4)-2.71%
Max Revenue beat(4)-0.59%
Revenue beat(8)1
Avg Revenue beat(8)-0.96%
Revenue beat(12)1
Avg Revenue beat(12)-1.11%
Revenue beat(16)1
Avg Revenue beat(16)-1.07%
PT rev (1m)-22.88%
PT rev (3m)-26.14%
EPS NQ rev (1m)0.12%
EPS NQ rev (3m)-5.34%
EPS NY rev (1m)-1.01%
EPS NY rev (3m)-1.05%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-0.48%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.01%
Valuation
Industry RankSector Rank
PE 23.1
Fwd PE 20.25
P/S 5.38
P/FCF 19.93
P/OCF 15.16
P/B 3.37
P/tB N/A
EV/EBITDA 14.72
EPS(TTM)3.91
EY4.33%
EPS(NY)4.46
Fwd EY4.94%
FCF(TTM)4.53
FCFY5.02%
OCF(TTM)5.96
OCFY6.6%
SpS16.8
BVpS26.77
TBVpS-1.68
PEG (NY)1.64
PEG (5Y)1.51
Graham Number48.53
Profitability
Industry RankSector Rank
ROA 8.35%
ROE 12.57%
ROCE 13.74%
ROIC 10.52%
ROICexc 10.97%
ROICexgc 103.46%
OM 26.61%
PM (TTM) 20.04%
GM 95.43%
FCFM 26.98%
ROA(3y)11.57%
ROA(5y)13.31%
ROE(3y)18.42%
ROE(5y)21.52%
ROIC(3y)10.43%
ROIC(5y)8.64%
ROICexc(3y)11.46%
ROICexc(5y)9.41%
ROICexgc(3y)98.69%
ROICexgc(5y)65.25%
ROCE(3y)13.47%
ROCE(5y)11.24%
ROICexgc growth 3Y75.72%
ROICexgc growth 5Y22.51%
ROICexc growth 3Y13.26%
ROICexc growth 5Y7.66%
OM growth 3Y3.2%
OM growth 5Y5.02%
PM growth 3Y-0.18%
PM growth 5Y1.37%
GM growth 3Y0.01%
GM growth 5Y0.19%
F-Score6
Asset Turnover0.42
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.18
Debt/EBITDA 0.62
Cap/Depr 68.17%
Cap/Sales 8.48%
Interest Coverage 14.41
Cash Conversion 90.82%
Profit Quality 134.65%
Current Ratio 0.64
Quick Ratio 0.64
Altman-Z 5.56
F-Score6
WACC7.71%
ROIC/WACC1.36
Cap/Depr(3y)72.35%
Cap/Depr(5y)72.5%
Cap/Sales(3y)8.28%
Cap/Sales(5y)8.3%
Profit Quality(3y)95.12%
Profit Quality(5y)81.37%
High Growth Momentum
Growth
EPS 1Y (TTM)3.71%
EPS 3Y13.76%
EPS 5Y15.3%
EPS Q2Q%5.94%
EPS Next Y14.05%
EPS Next 2Y14.45%
EPS Next 3Y14.69%
EPS Next 5Y11.9%
Revenue 1Y (TTM)3%
Revenue growth 3Y4.1%
Revenue growth 5Y4.55%
Sales Q2Q%5.24%
Revenue Next Year7.79%
Revenue Next 2Y7.82%
Revenue Next 3Y7.99%
Revenue Next 5Y8.36%
EBIT growth 1Y-5.33%
EBIT growth 3Y7.43%
EBIT growth 5Y9.81%
EBIT Next Year43.35%
EBIT Next 3Y20.42%
EBIT Next 5Y16.07%
FCF growth 1Y9.03%
FCF growth 3Y15.18%
FCF growth 5Y10.2%
OCF growth 1Y7.9%
OCF growth 3Y11.45%
OCF growth 5Y8.72%

THOMSON REUTERS CORP / TRI Fundamental Analysis FAQ

What is the fundamental rating for TRI stock?

ChartMill assigns a fundamental rating of 6 / 10 to TRI.


What is the valuation status for TRI stock?

ChartMill assigns a valuation rating of 3 / 10 to THOMSON REUTERS CORP (TRI). This can be considered as Overvalued.


Can you provide the profitability details for THOMSON REUTERS CORP?

THOMSON REUTERS CORP (TRI) has a profitability rating of 8 / 10.


How financially healthy is THOMSON REUTERS CORP?

The financial health rating of THOMSON REUTERS CORP (TRI) is 7 / 10.


Is the dividend of THOMSON REUTERS CORP sustainable?

The dividend rating of THOMSON REUTERS CORP (TRI) is 6 / 10 and the dividend payout ratio is 69.36%.