THOMSON REUTERS CORP /CAN/
TRI, TMSOF · Miscellaneous Publishing · EDGAR filings ↗
Grade
B82Wide-moat professional-information franchise with top-decile margins and cash generation, but a sharp earnings decline tempers an A.
Strengths
- Top-decile operating (91.9th), net (85.8th) and FCF (89.9th) margins with strong cash conversion (OCF margin 88.2nd)
- Durable data/publishing moat with high ROIC (79.2nd) and ROA (85.8th)
Risks
- Net income fell ~32% (32nd pct), a real earnings stall
- Weak liquidity (current ratio 0.64, 14.7th pct) and only modest 3% revenue growth
Notable findings
- Weak liquidityCurrent ratio 0.64 (<1)
- Strong balance sheetStrong balance sheet — $511M cash & investments
Key metrics
Operating margin
28.5%
Net margin
20.1%
Return on equity
12.6%
Return on assets
8.4%
ROIC
12.0%
Debt / equity
0.2×
Current ratio
0.6×
Free cash flow
$2.0B
Tangible book value
$4.0B
Cash & investments
$511M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-05 | 2025-12-31 | 0001193125-26-094222 ↗ |
| 40-F | 2025-03-06 | 2024-12-31 | 0001193125-25-048443 ↗ |
| 40-F | 2024-03-07 | 2023-12-31 | 0001193125-24-062308 ↗ |
| 40-F | 2023-03-08 | 2022-12-31 | 0001193125-23-064643 ↗ |
| 40-F | 2022-03-10 | 2021-12-31 | 0001193125-22-071339 ↗ |
| 40-F | 2021-03-10 | 2020-12-31 | 0001193125-21-076253 ↗ |
| 40-F | 2020-03-10 | 2019-12-31 | 0001193125-20-069151 ↗ |
| 40-F | 2019-03-13 | 2018-12-31 | 0001193125-19-073387 ↗ |
| 40-F | 2018-03-16 | 2017-12-31 | 0001193125-18-085922 ↗ |
| 40-F | 2017-03-09 | 2016-12-31 | 0001193125-17-076946 ↗ |
| 40-F | 2016-03-08 | 2015-12-31 | 0001193125-16-496907 ↗ |
| 40-F | 2015-03-13 | 2014-12-31 | 0001193125-15-091217 ↗ |