Thomson Reuters Corp (TRI) — Company Overview and Financial Highlights

Thomson Reuters Corp, listed under the ticker TRI, has demonstrated a resilient financial profile with recent revenue of $12.3B and net income of $1.5B. Over the past year, the company experienced a 8.2% increase in revenue, driven by growth in its legal and professional segments.

The company's revenue growth rates over the last three and five years stand at 4.5% and 3.8% CAGR respectively, reflecting steady expansion. Diluted EPS recently reached $3.25, up from $2.90 last year, supported by strong operating efficiencies.

Profitability and Cash Flow

Gross margin stands at 47%, with an operating margin of 25% and net margin of 20%.
Operating cash flow (TTM) is reported at $2.0B, while free cash flow totals $1.4B.
The cash conversion ratio (OCF / net income) remains robust at 1.33.

Return and Capital Allocation

Thomson Reuters' latest ROE is 14%, with a steady three-year average. The company distributes a dividend yield of 1.5%, with annual dividends around $400M. Share repurchases amount to approximately $300M annually, complemented by capex of $500M and debt repayments of $200M.

Valuation and Market Context

The current Price-to-Earnings (PE) ratio is 20.5 (TTM), with a three-year trend indicating a slight upward drift from 18.0. Recent price movement describes an upward trend of 12% YTD, supported by contractual renewals and strong market positioning.

Going forward, key risks include potential regulatory headwinds affecting cross-border operations and competitive pressures from digital content providers. The company maintains a diversified revenue mix, with approximately 60% from legal solutions and 40% from financial & media segments.

THOMSON REUTERS CORP /CAN/