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Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.
1977
26.4K+
LTM Revenue $7.3B
LTM EBITDA $2.8B
$78.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Thomson Reuters has a last 12-month revenue of $7.3B and a last 12-month EBITDA of $2.8B.
In the most recent fiscal year, Thomson Reuters achieved revenue of $5.1B and an EBITDA of $2.1B.
Thomson Reuters expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thomson Reuters valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.8B | $5.1B | XXX | XXX | XXX |
| Gross Profit | $3.7B | $3.8B | XXX | XXX | XXX |
| Gross Margin | 78% | 76% | XXX | XXX | XXX |
| EBITDA | $2.1B | $2.1B | XXX | XXX | XXX |
| EBITDA Margin | 43% | 42% | XXX | XXX | XXX |
| Net Profit | $936M | $1.9B | XXX | XXX | XXX |
| Net Margin | 20% | 37% | XXX | XXX | XXX |
| Net Debt | $2.6B | $1.5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, Thomson Reuters's stock price is CAD 245 (or $171).
Thomson Reuters has current market cap of CAD 110B (or $77.1B), and EV of CAD 112B (or $78.3B).
See Thomson Reuters trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $78.3B | $77.1B | XXX | XXX | XXX | XXX | $3.79 |
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Sign UpAs of April 15, 2025, Thomson Reuters has market cap of $77.1B and EV of $78.3B.
Thomson Reuters's trades at 10.7x LTM EV/Revenue multiple, and 27.7x LTM EBITDA.
Analysts estimate Thomson Reuters's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Thomson Reuters and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $78.3B | XXX | XXX | XXX |
| EV/Revenue | 15.4x | XXX | XXX | XXX |
| EV/EBITDA | 36.7x | XXX | XXX | XXX |
| P/E | 49.9x | XXX | XXX | XXX |
| P/E/Growth | 11.0x | XXX | XXX | XXX |
| EV/FCF | 60.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpThomson Reuters's NTM/LTM revenue growth is 5%
Thomson Reuters's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Thomson Reuters's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Thomson Reuters's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Thomson Reuters and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 47% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 37% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 53% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Wolters Kluwer | XXX | XXX | XXX | XXX | XXX | XXX |
| Appen | XXX | XXX | XXX | XXX | XXX | XXX |
| Pureprofile | XXX | XXX | XXX | XXX | XXX | XXX |
| Business Online | XXX | XXX | XXX | XXX | XXX | XXX |
| Latent View | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Thomson Reuters acquired XXX companies to date.
Last acquisition by Thomson Reuters was XXXXXXXX, XXXXX XXXXX XXXXXX . Thomson Reuters acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Thomson Reuters founded? | Thomson Reuters was founded in 1977. |
| Where is Thomson Reuters headquartered? | Thomson Reuters is headquartered in Canada. |
| How many employees does Thomson Reuters have? | As of today, Thomson Reuters has 26.4K+ employees. |
| Who is the CEO of Thomson Reuters? | Thomson Reuters's CEO is Mr. Steve Hasker. |
| Is Thomson Reuters publicy listed? | Yes, Thomson Reuters is a public company listed on TSE. |
| What is the stock symbol of Thomson Reuters? | Thomson Reuters trades under TRI ticker. |
| When did Thomson Reuters go public? | Thomson Reuters went public in 1980. |
| Who are competitors of Thomson Reuters? | Similar companies to Thomson Reuters include e.g. Wolters Kluwer, Appen, Pureprofile, Business Online. |
| What is the current market cap of Thomson Reuters? | Thomson Reuters's current market cap is $77.1B |
| What is the current revenue of Thomson Reuters? | Thomson Reuters's last 12-month revenue is $7.3B. |
| What is the current EBITDA of Thomson Reuters? | Thomson Reuters's last 12-month EBITDA is $2.8B. |
| What is the current EV/Revenue multiple of Thomson Reuters? | Current revenue multiple of Thomson Reuters is 10.7x. |
| What is the current EV/EBITDA multiple of Thomson Reuters? | Current EBITDA multiple of Thomson Reuters is 27.7x. |
| What is the current revenue growth of Thomson Reuters? | Thomson Reuters revenue growth between 2023 and 2024 was 7%. |
| Is Thomson Reuters profitable? | Yes, Thomson Reuters is EBITDA-positive (as of the last 12 months). |
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