TRIThomson Reuters Corporation
$112.60-25% 1Y
$112.60
$76.5552 weeks$150.40
The business
How TRI's business earns
Thomson Reuters Corporation earns 12% on the capital it employs against an estimated 9.0% cost of capital.
12%
Return on invested capital · cost of capital 9.0% · 2.8 points above the estimated cost of capital
- Operating margin
- 29%
Operating margin · Specialty Business Services median 5.7% · fiscal year to Dec 31, 2025
- Cash conversion
- 1.60×
Cash conversion · 1.48× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −0.38%
Share count, year on year · within 1% of a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | 32% |
| FY2021 | 20% |
| FY2022 | 28% |
| FY2023 | 34% |
| FY2024 | 29% |
| FY2025 | 29% |
Details›
- Operating marginfiscal year to Dec 31, 2025
- 29%
- Net marginfiscal year to Dec 31, 2025
- 20%
- Free cash flow margin
- 27%
- Revenue, trailing twelve months
- $7.48B
- Free cash flow, trailing twelve months
- $2.02B
- Net income, trailing twelve months
- $1.50B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 12%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Specialty Business Services
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