Thomson Reuters (TRI) Stock Analysis

July 23, 2026

This is a peer-relative look at Thomson Reuters (TRI): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Commercial & Professional Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Thomson Reuters (TRI)
Profile Item	TRI
Name	Thomson Reuters Corp.
Country/Region	Canada
GICS Sector	Industrials
GICS Industry Group	Commercial & Professional Services
GICS Industry	Professional Services
GICS Sub-Industry	Research & Consulting Services
Market Capitalization	39.59 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 12, 2002
Security Type	Common Stock

Price Performance

Cumulative Growth

TRI

GSPC

Thomson Reuters (TRI) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Thomson Reuters (TRI) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Thomson Reuters (TRI) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Thomson Reuters (TRI) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: TRI	Industry group median
Total Return (1Y)	-53.68%	-4.47%
Total Return (3Y, Annualized)	-9.73%	4.12%
Total Return (5Y, Annualized)	-0.75%	2.70%

Risk Profile

Drawdown History

TRI

GSPC

Thomson Reuters (TRI) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Thomson Reuters (TRI) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Thomson Reuters (TRI) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: TRI	Industry group median
Volatility (1Y, Annualized)	44.48%	39.55%
Beta (5Y)	0.78	0.83
Max Drawdown (5Y)	-62.87%	-56.72%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. TRI is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Thomson Reuters (TRI) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: TRI	Industry group median
Sharpe Ratio (1Y)	-1.30	-0.21
Sortino Ratio (1Y)	-1.72	-0.31

Profitability

ROE (TTM)

Thomson Reuters (TRI) posts ROE of 12.73%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

TRI

Commercial & Professional Services industry group

12.73%

Group distribution

Max: 53.04%
Q3: 25.65%
Median: 13.99%
TRI: 12.73%
Q1: 2.99%
Min: -28.46%

Largest peers

ADP: 71.21%
RELX: 70.51%
CTAS: 40.71%
WM: 29.94%
RSG: 18.35%
WCN: 13.12%
TRI: 12.73%

Where Thomson Reuters (TRI) stands on ROE within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Thomson Reuters (TRI) keeps 19.93% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

TRI

Commercial & Professional Services industry group

19.93%

Group distribution

Max: 26.63%
TRI: 19.93%
Q3: 11.56%
Median: 6.26%
Q1: 1.30%
Min: -13.15%

Largest peers

RELX: 21.53%
ADP: 20.12%
TRI: 19.93%
CTAS: 17.75%
RSG: 12.99%
WM: 10.99%
WCN: 10.97%

Where Thomson Reuters (TRI) stands on net margin within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Thomson Reuters (TRI) turns 30.33% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

TRI

Commercial & Professional Services industry group

30.33%

Group distribution

Max: 38.33%
TRI: 30.33%
Q3: 17.67%
Median: 9.37%
Q1: 3.13%
Min: -4.52%

Largest peers

RELX: 31.41%
TRI: 30.33%
ADP: 30.18%
CTAS: 23.65%
RSG: 20.20%
WCN: 18.75%
WM: 17.52%

Where Thomson Reuters (TRI) stands on operating margin within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Thomson Reuters (TRI) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: TRI	Industry group median
ROE (TTM)	12.73%	13.99%
ROA (TTM)	6.94%	5.17%
Net Margin (TTM)	19.93%	6.26%
Operating Margin (TTM)	30.33%	9.37%
Gross Margin (TTM)	39.46%	36.49%

Growth

Revenue Growth

Thomson Reuters (TRI) grew revenue 3.00%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Thomson Reuters (TRI): Revenue Growth across different time periods, set against Commercial & Professional Services industry-group medians.

EPS Growth

Thomson Reuters (TRI) grew earnings per share -31.90%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

Thomson Reuters (TRI): EPS Growth across different time periods, set against Commercial & Professional Services industry-group medians.

Growth Metrics

Thomson Reuters (TRI) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: TRI	Industry group median
Revenue Growth (YoY)	3.00%	6.05%
Revenue Growth (3Y CAGR)	4.10%	6.27%
EPS Growth (YoY)	-31.90%	6.77%
EPS Growth (3Y CAGR)	3.68%	9.88%

Financial Strength

Current Ratio (MRQ)

Thomson Reuters (TRI) has current ratio of 0.60, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

TRI

Commercial & Professional Services industry group

0.60

Group distribution

Max: 3.17
Q3: 2.01
Median: 1.48
Q1: 1.13
TRI: 0.60
Min: 0.45

Largest peers

CTAS: 1.43
ADP: 1.04
WM: 0.93
WCN: 0.69
RSG: 0.67
TRI: 0.60
RELX: 0.49

Where Thomson Reuters (TRI) stands on current ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Thomson Reuters (TRI) has debt-to-equity ratio of 0.23, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

TRI

Commercial & Professional Services industry group

0.23

Group distribution

Max: 2.61
Q3: 1.39
Median: 0.94
Q1: 0.40
TRI: 0.23
Min: 0.01

Largest peers

RELX: 3.04
WM: 2.28
RSG: 1.18
WCN: 1.17
ADP: 0.69
CTAS: 0.53
TRI: 0.23

Where Thomson Reuters (TRI) stands on debt-to-equity ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Thomson Reuters (TRI) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: TRI	Industry group median
Current Ratio (MRQ)	0.60	1.48
Debt / Equity (MRQ)	0.23	0.94
Net Debt / EBITDA	1.02	2.67

Dividends

Dividend Yield (TTM)

Thomson Reuters (TRI) has dividend yield of 2.60%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

TRI

Commercial & Professional Services industry group

2.60%

Group distribution

Max: 3.77%
TRI: 2.60%
Q3: 1.82%
Median: 0.44%
Q1: 0.00%
Min: 0.00%

Largest peers

TRI: 2.60%
ADP: 2.54%
RELX: 1.98%
WM: 1.43%
RSG: 1.11%
CTAS: 0.89%
WCN: 0.78%

Where Thomson Reuters (TRI) stands on dividend yield within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Thomson Reuters (TRI) has payout ratio of 71.35%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

TRI

Commercial & Professional Services industry group

71.35%

Group distribution

Max: 90.59%
TRI: 71.35%
Q3: 36.56%
Median: 16.11%
Q1: 0.00%
Min: 0.00%

Largest peers

TRI: 71.35%
ADP: 60.45%
RELX: 57.42%
WM: 49.49%
CTAS: 36.66%
RSG: 35.22%
WCN: 32.44%

Where Thomson Reuters (TRI) stands on payout ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Thomson Reuters (TRI) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: TRI	Industry group median
Dividend Yield (TTM)	2.60%	0.44%
Dividend Payout Ratio (TTM)	71.35%	16.11%

Valuation

P/E Ratio (TTM)

Thomson Reuters (TRI) trades at P/E ratio of 27.48, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

TRI

Commercial & Professional Services industry group

27.48

Group distribution

Max: 67.06
Q3: 38.84
TRI: 27.48
Median: 23.07
Q1: 16.03
Min: 4.96

Largest peers

WCN: 41.69
CTAS: 41.15
WM: 34.60
RSG: 30.79
TRI: 27.48
ADP: 23.81
RELX: 23.05

Where Thomson Reuters (TRI) stands on P/E ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Thomson Reuters (TRI) trades at 5.17 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

TRI

Commercial & Professional Services industry group

5.17

Group distribution

Max: 7.33
TRI: 5.17
Q3: 3.42
Median: 1.37
Q1: 0.74
Min: 0.13

Largest peers

CTAS: 7.12
RELX: 5.96
TRI: 5.17
ADP: 4.56
WCN: 4.45
RSG: 3.96
WM: 3.68

Where Thomson Reuters (TRI) stands on P/S ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Thomson Reuters (TRI) trades at 3.35 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

TRI

Commercial & Professional Services industry group

3.35

Group distribution

Max: 10.74
Q3: 5.92
TRI: 3.35
Median: 3.25
Q1: 1.95
Min: -2.86

Largest peers

RELX: 75.12
CTAS: 15.60
ADP: 15.53
WM: 9.36
RSG: 5.52
WCN: 5.22
TRI: 3.35

Where Thomson Reuters (TRI) stands on P/B ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Thomson Reuters (TRI) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: TRI	Industry group median
P/E Ratio (TTM)	27.48	23.07
P/S Ratio (TTM)	5.17	1.37
P/B Ratio (MRQ)	3.35	3.25
Free Cash Flow Yield (TTM)	4.24%	5.04%