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TRI
Thomson Reuters Corp /can/
NASDAQ· Industrials· Specialty Business Services· CUSIP 884903881
$123.26+6.94%Price as of Oct 23, 00:44 UTC · updated once a day, after the close
At a glance
Thomson Reuters Corp /can/ (TRI) is listed on NASDAQ and classified in Specialty Business Services, part of the Industrials sector. It is headquartered in Toronto, Canada and has 27,100 employees. The company is worth $53.4B and trades at 30.3x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $7.48B in fiscal 2025, up 3.0% from the year before. Net income was $1.5B. The share price is 25.0% below its 52-week high of $164.30. It pays a dividend yielding 3.24%, and has raised its annual dividend for 7 years in a row in our records. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $58.11M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $53.4B
- P/E
- 30.3x
- Forward P/E
- 25.0x
- P/B
- 4.8x
- Dividend yield
- 3.24%
- Payout
- 98.18%
- EPS
- $4.07
- ROE
- 14.17%
- Profit margin
- 21.22%
- Revenue growth
- +9.50%
- Beta
- 0.20
- 52-week high
- $164.30
- 52-week low
- $76.28
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▼ -12.2% over 5Y.
today you would have $1,000.16▲ +0.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $131.89 | $160.38 | $146.22 | $118.45 | |
| P/E | 35.6x | 39.0x | 32.3x | 24.8x | 39.0x |
| P/S | 8.8x | 7.7x | 9.8x | 9.6x | 8.1x |
| P/B | 5.4x | 4.8x | 5.9x | 5.9x | 4.5x |
| EPS | $3.38 | $4.97 | $5.89 |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$48.49
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$28.18
Earnings growing 3.7% a year plus a 3.2% dividend yield. Growth capped at 25%.
Earnings
$98.82
Median P/E of 24.3 among peers in the sector.
Earnings
$145.07
Median P/E of 35.6 across this company’s own years on record.
Cash flow
$64.00
Cash flow growing 3.7% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$86.95
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
Dividends
$81.70
Dividend growing 4.0% a year against a 7.0% required return, from the stock’s beta.
Others in the same sector
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| DALDelta Air Lines Inc | $79.26 | 15.8x | 2.3x | 1.08% | 15.91% | $52.15B |
| AMEAmetek Inc/ | $238.82 | 34.9x | 4.9x | 0.57% | 14.56% | $54.75B |
| HONAHoneywell Aerospace Inc. | $163.02 | 49.6x | — | 0.00% | — | $51.67B |
| PCARPaccar Inc | $109.59 |
About the company
- 27,100
- Toronto, Canada