Is the business good?
How good a business is TRI?
Thomson Reuters Corporation earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
11%
Return on invested capital · cost of capital 9.0% · 2.3 points above what the capital costs: growth creates value
- Operating margin
- 27%
Operating margin · Specialty Business Services median 10% · 12 months to Q2 2025
- Cash conversion
- 0.83×
Cash conversion · 0.43× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −4.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 32% |
| FY2021 | 20% |
| FY2022 | 28% |
| FY2023 | 34% |
| FY2024 | 29% |
| FY2025 | 29% |
Details›
- Operating margin12 months to Q2 2025
- 27%
- Net margin12 months to Q2 2025
- 28%
- Free cash flow margin
- 23%
- Revenue, trailing twelve months
- $7.31B
- Free cash flow, trailing twelve months
- $1.72B
- Net income, trailing twelve months
- $2.07B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Specialty Business Services
Ranks #6 of 18 by Smart Score