Last 48 quarters of trend data · Industrials · Specialty Business Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Thomson Reuters Corporation's quarterly P/E stands at 21.8x, down 52.4% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 53.5% YoY to 11.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 27.46 | 21.84 | 44.09 | 41.98 | 74.06 | 45.84 | 32.24 | 64.34 | 22.97 | 37.44 | 24.30 | 39.22 | 17.84 |
| — | -52.4% | +36.7% | -34.8% | +222.4% | +22.4% | +32.7% | +64.0% | +28.7% | +73.8% | -52.6% | -35.8% | — | |
| P/S Ratio | 5.35 | 4.79 | 7.32 | 9.97 | 12.92 | 10.42 | 9.62 | 11.32 | 11.10 | 9.51 | 9.32 | 8.89 | 9.79 |
| — | -54.1% | -23.9% | -11.9% | +16.4% | +9.5% | +3.2% | +27.4% | +13.4% | +1.6% | +14.1% | +6.9% | +18.1% | |
| P/B Ratio | 3.52 | 3.32 | 5.01 | 6.05 | 7.29 | 6.44 | 6.12 | 6.58 | 6.65 | 6.50 | 6.11 | 5.07 | 5.76 |
| — | -48.4% | -18.1% | -8.0% | +9.7% | -0.9% | +0.1% | +29.9% | +15.5% | +24.7% | +26.0% | +18.8% | +43.7% | |
| P/FCF | 19.84 | — | 24.58 | 33.07 | 38.56 | 67.52 | 46.48 | 32.03 | 35.04 | 62.75 | 28.85 | 27.05 | 27.94 |
| — | — | -47.1% | +3.3% | +10.0% | +7.6% | +61.1% | +18.4% | +25.4% | -51.0% | +9.9% | -22.1% | -38.9% | |
| EV / EBITDA | 14.36 | 11.89 | 19.41 | 22.03 | 35.16 | 25.54 | 20.07 | 32.27 | 31.67 | 24.21 | 23.42 | 23.54 | 16.82 |
| — | -53.5% | -3.3% | -31.7% | +11.0% | +5.5% | -14.3% | +37.0% | +88.3% | -3.1% | +23.8% | -3.6% | -32.4% | |
| EV / EBIT | 21.14 | 16.44 | 28.17 | 31.11 | 58.68 | 35.41 | 23.42 | 48.68 | 45.32 | 31.91 | 37.54 | 26.37 | 23.36 |
| — | -53.6% | +20.3% | -36.1% | +29.5% | +11.0% | -37.6% | +84.6% | +94.0% | -19.8% | -47.4% | +59.1% | +16.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Thomson Reuters Corporation's operating margin was 30.6% in Q1 2026, up 3.8 pp QoQ and up 1.0 pp YoY. The trailing four-quarter average of 28.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 59.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.4% | 30.6% | 38.4% | 75.9% | 75.5% | 76.4% | 74.3% | 74.8% | 75.7% | 80.2% | 79.9% | 81.6% | 82.1% |
| — | -59.9% | -48.2% | +1.4% | -0.4% | -4.7% | -7.1% | -8.3% | -7.7% | -0.1% | +0.6% | +1.9% | +1.5% | |
| Operating Margin | 26.3% | 30.6% | 26.8% | 33.3% | 24.4% | 29.6% | 37.8% | 24.1% | 23.9% | 29.5% | 30.7% | 27.7% | 50.1% |
| — | +3.3% | -29.2% | +38.2% | +2.4% | +0.3% | +23.0% | -13.0% | -52.4% | +1.1% | -14.0% | +9.4% | +106.8% | |
| Net Margin | 20.1% | 22.0% | 16.5% | 23.7% | 17.5% | 22.8% | 30.7% | 17.5% | 48.3% | 25.5% | 37.4% | 23.0% | 54.3% |
| — | -3.7% | -46.3% | +36.0% | -63.7% | -10.5% | -17.7% | -24.2% | -11.0% | -41.3% | +202.4% | +58.9% | +861.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 3.8% | 2.8% | 3.5% | 2.5% | 3.6% | 4.9% | 2.6% | 7.4% | 4.4% | 6.1% | 3.3% | 7.6% |
| — | +6.7% | -42.1% | +35.3% | -66.2% | -18.0% | -19.3% | -21.8% | -1.7% | -29.9% | +237.7% | +84.2% | +1018.5% | |
| ROA | 8.4% | 2.5% | 1.9% | 2.4% | 1.7% | 2.4% | 3.2% | 1.6% | 4.5% | 2.6% | 3.6% | 1.8% | 4.3% |
| — | +7.1% | -40.8% | +44.3% | -62.1% | -8.3% | -10.7% | -10.3% | +6.0% | -27.5% | +250.6% | +71.9% | +927.5% | |
| ROIC | 11.2% | 3.4% | 3.0% | 3.2% | 2.4% | 3.1% | 4.1% | 2.4% | 2.4% | 3.1% | 3.1% | 2.4% | 4.2% |
| — | +10.0% | -25.5% | +36.9% | -0.7% | -0.2% | +30.0% | -1.8% | -43.0% | +29.3% | +6.0% | +33.4% | +149.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Thomson Reuters Corporation's Debt/EBITDA ratio is 2.8x, up from 2.7x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 33.9% YoY to 0.60x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.21 | 0.18 | 0.21 | 0.17 | 0.23 | 0.26 | 0.27 | 0.27 | 0.37 | 0.32 | 0.41 | 0.52 |
| — | -9.4% | -30.6% | -22.5% | -38.2% | -38.4% | -20.0% | -35.2% | -48.4% | -0.2% | -23.8% | +17.0% | +70.3% | |
| Debt / EBITDA | 0.72 | 2.82 | 2.68 | 2.92 | 3.14 | 3.57 | 3.31 | 5.11 | 5.01 | 5.37 | 4.74 | 7.33 | 5.79 |
| — | -21.0% | -18.9% | -42.8% | -37.2% | -33.6% | -30.2% | -30.3% | -13.5% | -21.3% | -22.6% | -1.7% | -18.2% | |
| Current Ratio | 0.64 | 0.60 | 0.64 | 0.61 | 0.79 | 0.91 | 1.02 | 0.94 | 0.88 | 0.97 | 0.90 | 1.05 | 0.90 |
| — | -33.9% | -36.6% | -34.9% | -9.8% | -5.6% | +12.4% | -10.5% | -2.8% | +6.9% | +57.2% | +54.0% | +9.7% | |
| Quick Ratio | 0.64 | 0.60 | 0.64 | 0.61 | 0.79 | 0.91 | 1.01 | 0.94 | 0.88 | 0.97 | 0.90 | 1.05 | 0.90 |
| — | -33.9% | -36.3% | -34.9% | -9.8% | -5.6% | +12.5% | -10.5% | -2.8% | +6.9% | +57.8% | +54.0% | +9.7% | |
| Interest Coverage | 14.52 | — | 13.40 | 16.00 | 9.81 | 14.63 | 18.64 | 19.32 | 9.24 | 14.54 | 9.07 | 10.28 | 12.97 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Thomson Reuters Corporation's current P/E is 27.5x. The average P/E over the last 4 quarters is 45.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Thomson Reuters Corporation's current operating margin is 26.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Thomson Reuters Corporation's business trajectory between earnings reports.