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TORONTO STOCK EXCHANGE · Professional Services · CIK 0001075124
$115.26
+2.16% · delayed ~15 min
Last price from Oct 21, 2026
$50.21B market value
From THOMSON REUTERS CORP /CAN/'s FY2025 40-F, filed Mar 5, 2026 · read the filing
THOMSON REUTERS /CAN/ publishes and prints. It took in $7.48B last year, which makes it a mid-sized company. Of every dollar it sells, about 20 cents is left as profit.
The financial picture is led by profitability and debt, with growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Strong finances across the board.
From THOMSON REUTERS CORP /CAN/'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit margin
30.4% → 20.1%
Cash
$1.97B → $511.0M
Profit
$2.21B → $1.50B
Long-term debt
$1.85B → $1.33B
Measured against FY2024, from the 40-F filed Mar 5, 2026
Deteriorated: −10.3 pts
30.4% to 20.1%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
How the latest move compares (quote delayed ~15 min), and what was published around it
TRI rose 2.16% on the latest quote. The average Communication Services company tracked here moved +4.67%, and the S&P 500 −1.04%. That is 2.5 points below its sector and 3.2 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 9% a year for the next 10 years. Over the last 8 years it grew by about 4% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 20 cents of every dollar of sales as profit, earning $1.50B last year.
Slowly. Sales grew 3.0% last year.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $2.98 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $1.50B and generated $2.65B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202540-F · Mar 5, 2026Filing for FY2025 | FY202440-F · Mar 6, 2025Filing for FY2024 | FY202340-F · Mar 7, 2024Filing for FY2023 | FY202240-F · Mar 8, 2023Filing for FY2022 | FY202140-F · Mar 8, 2023Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $7.48B | $7.26B | $6.79B | $6.63B | $6.35B | +3.0% |
| Operating income | $2.13B | $2.11B | $2.33B | $1.83B | $1.24B | +1.1% |
| Operating marginOperating income ÷ revenueWhat is this? | 28.5% | 29.1% | 34.3% | 27.7% | 19.6% | −0.5 pts |
| Net income | $1.50B | $2.21B | $2.69B | $1.34B | $5.69B | −31.9% |
| Net marginNet income ÷ revenueWhat is this? | 20.1% | 30.4% | 39.7% | 20.2% | 89.6% | −10.3 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | — | — | — | — | $11.70 | — |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 1,950 shares ($206.8K) on or after .
Shares originally obtained via Vesting of Restricted Share Units.
Filed notice to sell 1,500,000 shares ($159.1M) on or after .
Shares originally obtained via Various. See Note (2).
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Report filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingWrite down why you are following THOMSON REUTERS CORP /CAN/, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
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Thomson Reuters Provides Supplemental Financial Information Following Close of Global Print Transaction
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from TRI's 40-F for fiscal year 2025 (period ending 2025-12-31, filed Mar 5, 2026), reported under the IFRS taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 7 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 8.7 | 5/7 | 40-F, filed Mar 5, 2026 |
| FY2024 | 8.7 | 6/7 | 40-F, filed Mar 6, 2025 |
| FY2023 | 8.7 | 5/7 | 40-F, filed Mar 7, 2024 |
| FY2022 | 8.7 | 5/7 | 40-F, filed Mar 8, 2023 |
| FY2021 | 8.7 | 5/8 | 40-F, filed Mar 10, 2022 |
| FY2020 | 8.7 | 5/8 | 40-F, filed Mar 10, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 7 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 2 could not be evaluated and are excluded from the total rather than counted as failures.
6.44
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -74.0%
$1.97B to $511.0MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -31.9%
$2.21B to $1.50BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: -28.1%
$1.85B to $1.33BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +9.0%
$1.85B to $2.02BNotable
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
4 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 7% and 11%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 22 analysts covering this company, as of . Their views, not this site's.
Of 22 analysts publishing on this company, 2 say strong buy, 14 say buy and 6 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 2.9% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 33.4x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
Filed notice to sell 3,000 shares ($295.8K) on or after .
Shares originally obtained via Vesting of Restricted Share Units.
Filed notice to sell 12,164 shares ($1.2M) on or after .
Shares originally obtained via RSU Vest.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Report filed on Form 6-K
Report filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingAnnual report for FY2025
Profit margin −10.3 pts · Cash -74.0% · Profit -31.9% — against FY2024
Read the filingYahoo ·
Primary sources and further research