# Thomson Reuters Corporation (TRI) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials / Professional Services. Price $105.68, market value $45.8 billion.

## Valuation
- **P/E (trailing): 27.9×** (5-yr avg 30.1×, 3-yr avg 31.1×). Thomson Reuters Corporation trades at 27.9× trailing earnings, close to its own five-year average of 30.1×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 20.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 5.8×**. Each dollar of revenue is priced at 5.8×.
- **Price / book: 4.1×**. The shares trade at 4.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 14.2×**. Enterprise value is 14.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.9%** (5-yr avg 2.8%). Free cash flow equals 4.9% of the market value, above its five-year average of 2.8%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 3.6%**. The inverse of the P/E: 3.6% of the price is earned each year.

## Profitability
- **Gross margin: 63.3%**. Thomson Reuters Corporation keeps 63.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 28.1%**. 28.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 20.4%**. 20.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.9%**. 12.9% on shareholders' equity is solid.
- **Return on invested capital: 12.5%**. Return on all capital, debt included, is 12.5%.
- **Return on assets: 9.3%**. Each dollar of assets produces 9.3% of profit.

## Growth
- **Revenue growth (1 yr): 3.0%** (3-yr 4.1%/yr, 5-yr 4.6%/yr). Revenue grew 3.0% over the last year, against 4.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -30.5%** (3-yr -4.4%/yr, 5-yr -0.7%/yr). Earnings per share fell 30.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 15.8%/yr**. Free cash flow has compounded at 15.8% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.20**. Debt is 0.20 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 12.8×**. Operating profit covers interest 12.8× over, a safe margin.
- **Current ratio: 0.64** (quick 0.64). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 6.20**. A Z-score of 6.20 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.48%** ($2.54 per share, trailing). Thomson Reuters Corporation yields 2.48%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 69%** (48% of free cash flow). 69% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 8.6%/yr** (1-yr 10.2%). The dividend has grown 8.6% a year over five years.
- **Shareholder yield: 6.8%**. Dividends plus net buybacks return 6.8% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Thomson Reuters Corporation; the consensus is buy, with an average price target of $122.29 (+16% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -38.8%** (YTD -17.4%, 3-mo 22.8%). The shares are down 38.8% over twelve months including dividends.
- **From 52-week high: -40.1%** (38.5% above the low). Trading 40% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.19** (volatility 49%). Beta of 0.19 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TRI · Page: https://foliofundamentals.com/stocks/tri

Not investment advice.