A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2025, filed Mar 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TRI SEC filings page.
Thomson Reuters Corporation (TRI) reported $7.5B in revenue for fiscal year 2025, up 3.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business converts earnings into cash, but profitability and near-term liquidity weakened even as revenue continued expanding.
In FY2025, operating cash flow reached$2.7B versus net income of$1.5B , indicating reported profit understated the cash produced during the year. Free cash flow still rose to$2.0B from$1.9B in FY2024 while net income declined, so the earnings deterioration was more severe than the change in cash economics.
Revenue advanced
The current ratio fell to 0.6 from 1.0, while long-term debt remains small relative to equity; the balance sheet is more constrained by near-term liquidity than borrowing load. Goodwill rose to roughly
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Thomson Reuters Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Thomson Reuters Corporation, and counted as zero in the overall score.
Thomson Reuters Corporation's revenue grew a modest 3.0% year-over-year to $7.5B. This slow but positive growth earns a score of 50/100.
Thomson Reuters Corporation carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
Thomson Reuters Corporation's current ratio of 0.64 is below the typical benchmark, resulting in a score of 7/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Thomson Reuters Corporation converts 27.0% of revenue into free cash flow ($2.0B). This strong cash generation earns a score of 92/100.
Not available for Thomson Reuters Corporation, and counted as zero in the overall score.
Thomson Reuters Corporation passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Thomson Reuters Corporation generates $1.76 in operating cash flow ($2.7B OCF vs $1.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Thomson Reuters Corporation held $511.0M in cash against $190.0M in long-term debt as of Q4 2025, with $3.5B of liabilities due within a year.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
TRI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $1.8B+2.6% | N/A | $1.7B+5.6% | N/A | $1.6B+2.0% | N/A | $1.6B+5.4% |
| Interest Expense | N/A | $28.0M-22.2% | N/A | $36.0M-26.5% | N/A | $49.0M+22.5% | N/A | $40.0M0.0% |
| Income Tax | N/A | $52.0M+112.9% | N/A | -$402.0M-283.6% | N/A | $219.0M+338.0% | N/A | -$92.0M-131.8% |
| Net Income | N/A | $313.0M-62.8% | N/A | $841.0M-5.9% | N/A | $894.0M+877.4% | N/A | -$115.0M-110.8% |
| EPS (Basic) | N/A | $0.66-64.7% | N/A | $1.87-1.1% | N/A | $1.89+1360.0% | N/A | -$0.15-106.9% |
| EPS (Diluted) | N/A | $0.66-64.7% | N/A | $1.87-1.1% | N/A | $1.89 | N/A | -$0.15 |
| Diluted Shares (Avg) | N/A | 451M+0.1% | N/A | 451M-4.1% | N/A | 470M | N/A | 487M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
TRI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.9B-2.7% | $18.0B-2.2% | $18.4B-1.3% | $18.4B-12.0% | $18.7B-13.9% | $20.9B-4.2% | $21.7B-2.0% | $21.8B-11.2% |
| Current Assets | $2.2B-36.2% | $2.3B-30.9% | $3.5B+19.5% | $3.3B-26.3% | $2.9B+3.9% | $4.4B+97.7% | $2.8B+14.6% | $2.2B-42.3% |
| Cash & Equivalents | $511.0M-74.0% | $664.0M-60.2% | $2.0B+51.6% | $1.7B-41.6% | $1.3B+21.4% | $2.9B+520.0% | $1.1B+37.4% | $461.0M-80.3% |
| Inventory | $23.0M+9.5% | N/A | $21.0M+5.0% | N/A | $20.0M-31.0% | N/A | $29.0M+3.6% | N/A |
| Goodwill | $7.9B+9.0% | $7.8B+7.4% | $7.3B+8.1% | $7.3B+17.9% | $6.7B+14.5% | $6.2B+4.7% | $5.9B-1.2% | $5.9B-1.3% |
| Total Liabilities | $6.0B-6.3% | $5.3B-20.9% | $6.4B-15.6% | $6.8B-30.2% | $7.6B-22.5% | $9.7B+14.7% | $9.8B+18.2% | $8.4B-3.8% |
| Current Liabilities | $3.5B+0.9% | $2.9B-23.4% | $3.4B+6.3% | $3.7B-24.2% | $3.2B-33.9% | $4.9B+80.2% | $4.9B+89.5% | $2.7B-1.4% |
| Non-Current Liabilities | $2.6B-14.6% | $2.5B-17.7% | $3.0B-31.7% | $3.0B-36.4% | $4.4B-11.1% | $4.8B-16.6% | $4.9B-13.9% | $5.7B-5.0% |
| Long-Term Debt | $190.0M-4.0% | $190.0M-8.2% | $198.0M-5.3% | $207.0M+16.9% | $209.0M+16.8% | $177.0M-1.1% | $179.0M-9.1% | $179.0M-6.8% |
| Total Equity | $11.9B-0.8% | $12.6B+8.6% | $12.0B+8.5% | $11.6B+3.7% | $11.1B-6.9% | $11.2B-16.1% | $11.9B-14.1% | $13.4B-15.4% |
| Retained Earnings | $9.2B-4.9% | $9.9B+7.0% | $9.7B+11.7% | $9.3B+5.0% | $8.7B+13.6% | $8.8B-1.4% | $7.6B-16.5% | $9.0B-18.6% |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments.
TRI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | $746.0M+5.8% | N/A | $705.0M+1.4% | N/A | $695.0M+60.5% | N/A | $433.0M-6.3% |
| Capital Expenditures | N/A | $163.0M+7.2% | N/A | $152.0M+19.7% | N/A | $127.0M-7.3% | N/A | $137.0M+21.2% |
| Free Cash Flow | N/A | $583.0M+5.4% | N/A | $553.0M-2.6% | N/A | $568.0M+91.9% | N/A | $296.0M-15.2% |
| Investing Cash Flow | N/A | -$182.0M-156.2% | N/A | $324.0M-80.2% | N/A | $1.6B+742.9% | N/A | -$254.0M+48.1% |
| Financing Cash Flow | N/A | -$1.3B-2.4% | N/A | -$1.2B-7.3% | N/A | -$1.2B-215.2% | N/A | -$368.0M-70.4% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.
TRI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | 17.5%-30.8pp | N/A | 48.3%-5.9pp | N/A | 54.3%+61.4pp | N/A | -7.1%-76.8pp |
| Return on Equity | N/A | 2.5%-4.8pp | N/A | 7.2%-0.7pp | N/A | 8.0%+8.8pp | N/A | -0.9%-7.6pp |
| Return on Assets | N/A | 1.7%-2.8pp | N/A | 4.6%+0.3pp | N/A | 4.3%+4.8pp | N/A | -0.5%-4.9pp |
| Current Ratio | 0.64-0.4x | 0.79-0.1x | 1.02+0.1x | 0.880.0x | 0.90+0.3x | 0.90+0.1x | 0.57-0.4x | 0.82-0.6x |
| Debt-to-Equity | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.010.0x |
| Asset Turnover | N/A | 0.100.0x | N/A | 0.090.0x | N/A | 0.080.0x | N/A | 0.070.0x |
| FCF Margin | N/A | 32.7%+0.9pp | N/A | 31.8%-2.7pp | N/A | 34.5%+16.1pp | N/A | 18.3%-4.4pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Note: The current ratio is below 1.0 (0.64), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Thomson Reuters Corporation TRI | FY2025 | $7.5B | $1.5B | 20.1% | $43.0B | 39/100 |
| Cintas Corp CTAS | FY2026 | $11.3B | $2.0B | 17.8% | $78.8B | 72/100 |
| Copart Inc CPRT | FY2026 | $4.7B | $1.5B | 31.8% | $24.7B | 83/100 |
| RB Global, Inc. RBA | FY2025 | $4.6B | $428.4M | 9.3% | $14.9B | 57/100 |
| Global Payments, Inc. GPN | FY2025 | $7.7B | $1.4B | 18.2% | $21.5B | 55/100 |
Where Thomson Reuters Corporation Ranks
Frequently Asked Questions
What is Thomson Reuters Corporation's annual revenue?
Thomson Reuters Corporation (TRI) reported $7.5B in total revenue for fiscal year 2025. This represents a 3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Thomson Reuters Corporation's revenue growing?
Thomson Reuters Corporation (TRI) revenue grew by 3.0% year-over-year, from $7.3B to $7.5B in fiscal year 2025.
Is Thomson Reuters Corporation profitable?
Yes, Thomson Reuters Corporation (TRI) reported a net income of $1.5B in fiscal year 2025, with a net profit margin of 20.1%.
How much debt does Thomson Reuters Corporation have?
As of fiscal year 2025, Thomson Reuters Corporation (TRI) had $511.0M in cash and equivalents against $190.0M in long-term debt.
What is Thomson Reuters Corporation's net profit margin?
Thomson Reuters Corporation (TRI) had a net profit margin of 20.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Thomson Reuters Corporation's return on equity (ROE)?
Thomson Reuters Corporation (TRI) has a return on equity of 12.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Thomson Reuters Corporation's free cash flow?
Thomson Reuters Corporation (TRI) generated $2.0B in free cash flow during fiscal year 2025. This represents a 9.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Thomson Reuters Corporation's operating cash flow?
Thomson Reuters Corporation (TRI) generated $2.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Thomson Reuters Corporation's total assets?
Thomson Reuters Corporation (TRI) had $17.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Thomson Reuters Corporation's capital expenditures?
Thomson Reuters Corporation (TRI) invested $634.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Thomson Reuters Corporation's current ratio?
Thomson Reuters Corporation (TRI) had a current ratio of 0.64 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Thomson Reuters Corporation's debt-to-equity ratio?
Thomson Reuters Corporation (TRI) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Thomson Reuters Corporation's return on assets (ROA)?
Thomson Reuters Corporation (TRI) had a return on assets of 8.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Thomson Reuters Corporation's P/E ratio?
Thomson Reuters Corporation (TRI) trades at 28.6x earnings, its market capitalization divided by net income of $1.5B net income, FY2025. The market capitalization is $43.0B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Thomson Reuters Corporation's price-to-sales ratio?
Thomson Reuters Corporation (TRI) trades at 5.8x sales, its market capitalization divided by revenue of $7.5B revenue, FY2025. The market capitalization is $43.0B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Thomson Reuters Corporation's Piotroski F-Score?
Thomson Reuters Corporation (TRI) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Thomson Reuters Corporation's earnings high quality?
Thomson Reuters Corporation (TRI) has an earnings quality ratio of 1.76x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Thomson Reuters Corporation?
Thomson Reuters Corporation (TRI) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.