Thomson Reuters Corp key statistics and ratios

In fiscal 2025, Thomson Reuters Corp had return on equity of 12.6%, an operating margin of 28.5%, debt equal to 17.8% of equity and a current ratio of 0.64. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Thomson Reuters Corp: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Operating margin	12.4%	19.5%	14.2%	20.3%	32.2%	19.6%	27.7%	34.3%	29.1%	28.5%
Net margin	27.7%	26.3%	71.5%	26.5%	18.8%	89.6%	20.2%	39.7%	30.4%	20.1%
Free-cash-flow margin	—	28.5%	27.0%	3.3%	20.7%	20.3%	19.9%	26.4%	25.5%	27.0%
Return on equity	24.3%	10.8%	35.3%	16.7%	11.5%	47.8%	10.4%	23.5%	19.2%	12.6%
Return on assets	11.1%	5.1%	18.0%	9.1%	6.4%	28.4%	6.1%	13.3%	11.9%	8.3%
Asset turnover	0.40	0.20	0.25	0.34	0.34	0.32	0.30	0.34	0.39	0.41
Current ratio	1.02	0.62	1.68	0.95	1.50	0.95	0.57	0.90	1.02	0.64
Debt to equity	57.8%	53.7%	34.9%	34.0%	37.8%	27.4%	40.1%	29.6%	23.5%	17.8%
Interest cover (operating income ÷ interest)	4.1x	3.2x	3.0x	7.4x	11.6x	7.3x	10.6x	11.5x	13.7x	16.8x
Capital spending as % of revenue	—	9.8%	10.5%	8.6%	8.4%	7.7%	9.0%	8.0%	8.4%	8.5%
Free cash flow ÷ net income	—	108.2%	37.8%	12.6%	110.6%	22.6%	98.7%	66.7%	83.7%	134.3%
Dividends and buybacks ÷ free cash flow	—	66.2%	79.0%	247.7%	16.1%	108.9%	97.1%	60.0%	34.5%	49.6%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · December 31, 2025

What it owns · $17.9bn

Short-term assets $2.2bnLonger-term assets $15.7bn

What it owes, and who funded it · $17.9bn

Short-term liabilities $3.5bnLonger-term liabilities $2.6bnShareholders' equity $11.9bn

Short-term assets cover short-term liabilities $2.2bn of assets due within a year against $3.5bn of liabilities due within a year.
Short-term assets cover long-term liabilities $2.2bn short-term assets against $2.6bn of longer-dated liabilities.
More cash than debt $511m of cash against $2.1bn of debt.
Debt below 40% of shareholders' equity Debt is 18% of equity.
Debt burden no higher than five years ago Debt to equity moved from 38% to 18% over five years.
A year's operating cash flow covers at least 20% of debt $2.7bn of operating cash flow against $2.1bn of debt.
Operating profit covers interest at least five times over Operating income of $2.1bn against $127m of interest.

From Thomson Reuters Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Thomson Reuters Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Thomson Reuters Corp.