Handelsavisen
prelaunch
Companies Industrials TRI.TO
TR
TRI.TO Toronto Stock Exchange Professional Information Services

Thomson Reuters Corp

C$115,60
Open in Charts → Attach watcher ⌖
CAD
Set alert
LatestThomson market data sells 51% print stake to KKR in $500m deal
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
P/E
EV / Rev
Div yield
2,80 %
Op margin
29,5 %
ROE
4,4 %
Net margin
25,5 %
Debt / equity
0,37
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Thomson Reuters Corp provides professional information services, including legal, tax, and regulatory data, to businesses and professionals globally.

Business. Thomson Reuters Corp provides professional information services, including legal, tax, and regulatory data, to businesses and professionals globally.

Classification92 %
SectorIndustrials
Business sectorIndustrial & Commercial Services
IndustryProfessional Information Services
ActivityIndustrial Services
Generated · model-assisted
Sell-side consensus
BUY18 analysts
12 buy6 hold0 sell
Avg 12m price target125,47

Analyst recommendations

18 analysts · consensus Buy
Buy12
Hold6
Sell0
12-month price target
125,47
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
18 analysts · indicative
Ownership
First Trust Advisors L.P.
largest disclosed fund holder
Profitability
4,4 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

3
  • MARKETSThomson market data sells 51% print stake to KKR in $500m deal2026-07-16
  • MARKETSThomson market data sells majority stake in Global Print business to KKR for $500 million2026-07-16
  • MARKETSThomson market data trims engineering staff as AI deployment accelerates2026-07-13
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,7 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Consumer Discretionary+0,4 %+7,7 %−0,2 %
    Information Technology+0,3 %+7,8 %−0,3 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to TRI.TO. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · 2026-07-16

    Composite-score breakdown

    Synthesis

    Business

    Thomson Reuters Corp provides professional information services, including legal, tax, and regulatory data, to businesses and professionals globally.

    Classification92 %
    SectorIndustrials
    Business sectorIndustrial & Commercial Services
    IndustryProfessional Information Services
    ActivityIndustrial Services
    AI synthesis
    GENERATED

    Thomson Reuters Corp maintains a conservative capital structure with a debt-to-equity ratio of 0.37, indicating a relatively low reliance on debt financing. The company's liquidity position is moderate, with a current ratio of 0.97, suggesting that it has nearly enough current assets to cover its current liabilities. However, the company's net cash position is negative after subtracting total debt, which could pose a liquidity risk in the short term.

    In terms of profitability, Thomson Reuters Corp generates a return on equity of 4.36% and a return on assets of 2.56%. These figures are below the industry median for return on equity and return on assets, indicating that the company is underperforming its peers in terms of capital efficiency and asset utilization.

    The company's revenue is primarily derived from its professional information services, with a strong presence in legal, tax, and regulatory data markets. While the company operates globally, its revenue concentration is not disclosed in the available data, making it difficult to assess geographic exposure and potential risks from regional economic fluctuations.

    Thomson Reuters Corp has demonstrated a stable growth trajectory, with a consistent revenue of $1.89 billion in the latest reporting period. Analysts project a mean price target of $125.47, suggesting a moderate growth outlook. However, the company's capital expenditure of -$145 million indicates a reduction in investment, which may affect long-term growth potential.

    The company faces moderate liquidity risk due to its current ratio of 0.97 and a negative net cash position after debt. While the risk of dilution is currently low, the company's capital structure and financial flexibility should be monitored for any changes that could impact shareholder value. No recent dilutive events have been reported, and the company's dilution potential remains minimal.

    Recent filings and transcripts do not indicate any significant events that would alter the company's financial or operational outlook. The company continues to focus on its core professional information services, with no major strategic shifts reported in the latest available data.

    Key takeaways
    • Thomson Reuters Corp has a conservative capital structure with a debt-to-equity ratio of 0.37.
    • The company's return on equity of 4.36% is below the industry median, indicating underperformance in capital efficiency.
    • Analysts project a mean price target of $125.47, suggesting a moderate growth outlook.
    • The company's liquidity position is moderate, with a current ratio of 0.97 and a negative net cash position after debt.
    • No recent dilutive events have been reported, and the risk of dilution remains low.
    • The company's capital expenditure of -$145 million indicates a reduction in investment, which may affect long-term growth potential.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-02-05
    Q4 2025 · Quarter highlights

    Revenue $2.01B, +5,2% YoY; Operating income −25,2% YoY.

    Revenue$2.01B+5,2 % YoY
    Operating income$540.0M−25,2 % YoY
    Net income$332.0M−43,4 % YoY
    Free cash flow$162.0M−61,5 % YoY
    EPS
    Operating cash flow$2.65B+7,9 % YoY
    Financials
    Income statement
    Revenue$2.01B
    Gross profit$1.92B
    Operating income$540.0M
    Net income$332.0M
    Margins
    Gross margin95.6%
    Operating margin26.9%
    Net margin16.5%
    FCF margin8.1%
    Balance sheet
    Total assets$17.94B
    Total liabilities$6.03B
    Total equity$11.91B
    Cash & equivalents$511.0M
    Long-term debt$2.37B
    Cash flow
    Operating cash flow$2.65B
    CapEx-$634.0M
    Free cash flow$162.0M
    SBC
    P&L flow · revenue → net income
    Revenue $2.01BOperating costs $1.47BTax $208.0MNet income $332.0M
    Highlights
    • Revenue $2.01B, +5,2% YoY
    • Operating income −25,2% YoY
    • Net income −43,4% YoY
    • Free cash flow −61,5% YoY
    • Net margin 16.5%

    Valuation TTM

    Market price
    C$115,60
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    C$11.04B
    Net cash
    -C$2.31B
    Current ratio
    1.0
    Debt / equity
    0.4
    ROA
    2.6%
    ROE
    4.4%
    Cash conversion
    90.0%
    CapEx / revenue
    -7.7%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    4,41
    Predicted surprise
    -0,00
    Beat probability
    45 %
    Analysts
    18
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-01 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate4,41
    Revenueno estimateno estimate8,1B USD
    Operating incomeno estimateno estimate2,4B USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution18 analysts
    Strong buy1
    Buy11
    Hold6
    Sell0
    Strong sell0
    12-month price targetC$125,47 · Median C$124,28
    Low C$81,82High C$170,00
    Operating income · consensus2,4B USD
    EPS surprise
    −11,1 %
    reported vs consensus · miss
    Revenue surprise
    −7,3 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowC$81,82
    MeanC$125,47
    MedianC$124,28
    HighC$170,00
    SpotC$115,60
    +8.5 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin29,5 %Above P75
    Net Margin25,5 %Above P75
    ROE4,4 %Above median
    Capex / Rev-7,7 %Bottom quartile
    D/E0,37Below median
    Cash Conv0,90Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Thomson Reuters Corp Market data — financials · 2026-05-29
    • Thomson Reuters Corp Market data — analyst estimates · 2026-05-29

    Ownership & reference

    Top holders

    • First Trust Advisors L.P.Investment Managers · as of 2026-03-310,10 %$143M
    • Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,04 %$284M
    • Invesco QQQ TrustFunds · as of 2026-03-310,03 %$227M
    • EATON VANCE MANAGEMENTInstitutional Investor · as of 2022-09-300,03 %$0M
    • AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,03 %$56M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,02 %$294M
    • MASSACHUSETTS FINANCIAL SERVICES CO /MA/Institutional Investor · as of 2026-03-310,01 %$42M
    • FMR LLCInstitutional Investor · as of 2026-03-310,01 %$262M
    • Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,01 %$43M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,01 %$203M
    • Victory Capital Management Inc.Investment Managers · as of 2026-03-310,01 %$17M
    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,01 %$762M
    • Nuveen LLCInvestment Managers · as of 2024-12-310,01 %$34M
    • Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,01 %$37M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,01 %$34M
    • Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,01 %$33M
    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$147M
    • Dimensional Fund Advisors, L.P.Investment Managers · as of 2026-03-310,00 %$12M
    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$12M
    • Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$17M
    • Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,00 %$7M
    • JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$2M
    • LPL Financial LLCInvestment Managers · as of 2026-03-310,00 %$4M
    • AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,00 %$4M
    • AllianceBernstein L.P.Investment Managers · as of 2026-03-310,00 %$2M
    • JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,00 %$1M
    • American Century Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$1M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$16M
    • PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$1M
    • Wellington Management Company, LLPInvestment Managers · as of 2026-03-310,00 %$1M

    Leadership

    • Steve HaskerPresident, Chief Executive Officer, Director

    Insider activity

    — missing data

    Short positioning

    — missing data
    Index membership
    Nasdaq 100
    S&P/TSX 60Canada

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    TRI.TOCanonical
    Toronto Stock Exchange · CAD

    Intel & risk

    PredictorBeat prob45 %Surprise-0,00Full forecast →
    peak dispatch · 2026-07-16
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-07-16 15:31 UTCNEWSThomson Reuters sells 51% print stake to KKR in $500m deal → The divestment marks a decisive exit from legacy publishing, allowing the information provider to redirect capital toward high-growth digital and AI-driven services.
    2026-07-16 15:12 UTCNEWSThomson Reuters sells majority stake in Global Print business to KKR for $500 million → The private equity deal marks a strategic pivot for the information giant, which retains intellectual property rights and editorial control over its content portfolio.
    2026-07-13 20:19 UTCNEWSThomson Reuters trims engineering staff as AI deployment accelerates → The Canadian firm joins a growing list of corporates using artificial intelligence to streamline operations, following similar moves by British American Tobacco and major Indian banks.
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-02-05 06:30 UTCEARNINGSQuarterly results — Q4 2025 Revenue USD 2.01B · Net USD 332.0M
    2026-02-05 06:30 UTCEARNINGSAnnual results — FY 2026 Revenue USD 7.48B · Net USD 1.50B
    2025-11-04 06:30 UTCEARNINGSQuarterly results — Q3 2025 Revenue USD 1.78B · Net USD 423.0M
    2025-08-06 06:30 UTCEARNINGSQuarterly results — Q2 2025 Revenue USD 1.78B · Net USD 313.0M
    2025-05-01 06:30 UTCEARNINGSQuarterly results — Q1 2025 Revenue USD 1.90B · Net USD 434.0M
    2025-02-06 06:30 UTCEARNINGSQuarterly results — Q4 2024 Revenue USD 1.91B · Net USD 587.0M
    2025-02-06 06:30 UTCEARNINGSAnnual results — FY 2025 Revenue USD 7.26B · Net USD 2.21B
    2024-11-05 06:30 UTCEARNINGSQuarterly results — Q3 2024 Revenue USD 1.72B · Net USD 301.0M
    2024-08-01 06:30 UTCEARNINGSQuarterly results — Q2 2024 Revenue USD 1.74B · Net USD 841.0M
    2024-05-02 06:30 UTCEARNINGSQuarterly results — Q1 2024 Revenue USD 1.89B · Net USD 481.0M
    2024-02-08 06:30 UTCEARNINGSAnnual results — FY 2024 Revenue USD 6.79B · Net USD 2.69B
    2023-02-09 06:30 UTCEARNINGSAnnual results — FY 2023 Revenue USD 6.63B · Net USD 1.34B
    2022-02-08 06:30 UTCEARNINGSAnnual results — FY 2022 Revenue USD 6.35B · Net USD 5.69B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage