Thomson Reuters vs TransUnion
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The short version
- Thomson Reuters is the larger business, with $7.5B of revenue in fiscal 2025 against $4.6B for TransUnion, about 1.6 times as much.
- TransUnion grew revenue faster (9.4%, against 3.0%).
- Thomson Reuters kept more of each dollar of sales as operating profit (28.5% operating margin, against 18.7%).
- Thomson Reuters turned more of its sales into free cash flow (27.0% FCF margin, against 14.5%).
- Thomson Reuters earned a higher return on the capital invested in it (11.8%, against 7.1%).
| Latest fiscal year | TRI · FY25 | TRU · FY25 |
|---|---|---|
| Size | ||
| Market cap | $55.4B | $15.8B |
| Revenue | $7.5B | $4.6B |
| Free cash flow | $2.0B | $662M |
| Net income | $1.5B | $455M |
| Growth | ||
| Revenue growth | 3.0% | 9.4% |
| 5-year growth | 4.6% | 12.6% |
| Share count change | −0.4% | −0.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 28.5% | 18.7% |
| Net margin | 20.1% | 10.0% |
| FCF margin | 27.0% | 14.5% |
| Return on capital | 11.8% | 7.1% |
| Return on equity | 12.6% | 10.5% |
| Balance sheet | ||
| Net debt | $2.4B | $4.2B |
| Net debt / EBITDA | 1.1x | 3.0x |
| Dividends and buybacks | $1.0B | $393M |
| Valuation & quality | ||
| P/E | — | 22.6x |
| Piotroski F-score | 6 | 8 |
Revenue
FY16
TRI $11.2B
TRU $1.7B
FY17
TRI $5.3B
TRU $1.9B
FY18
TRI $5.5B
TRU $2.3B
FY19
TRI $5.9B
TRU $2.5B
FY20
TRI $6.0B
TRU $2.5B
FY21
TRI $6.3B
TRU $3.0B
FY22
TRI $6.6B
TRU $3.7B
FY23
TRI $6.8B
TRU $3.8B
FY24
TRI $7.3B
TRU $4.2B
FY25
TRI $7.5B
TRU $4.6B
TRI
TRU
Operating margin
FY16
TRI 12.5%
TRU 17.6%
FY17
TRI 19.5%
TRU 24.0%
FY18
TRI 14.2%
TRU 22.1%
FY19
TRI 20.3%
TRU 22.0%
FY20
TRI 32.2%
TRU 19.8%
FY21
TRI 19.6%
TRU 22.0%
FY22
TRI 27.7%
TRU 16.9%
FY23
TRI 34.3%
TRU 3.4%
FY24
TRI 29.1%
TRU 15.9%
FY25
TRI 28.5%
TRU 18.7%
TRI
TRU
Free cash flow
FY16
TRI —
TRU $266M
FY17
TRI $1.5B
TRU $331M
FY18
TRI $1.5B
TRU $376M
FY19
TRI $197M
TRU $589M
FY20
TRI $1.2B
TRU $582M
FY21
TRI $1.3B
TRU $584M
FY22
TRI $1.3B
TRU −$1.0M
FY23
TRI $1.8B
TRU $335M
FY24
TRI $1.9B
TRU $517M
FY25
TRI $2.0B
TRU $662M
TRI
TRU
Return on capital
FY16
TRI —
TRU 5.4%
FY17
TRI 5.1%
TRU 11.9%
FY18
TRI 4.9%
TRU 8.6%
FY19
TRI 10.8%
TRU 7.6%
FY20
TRI —
TRU 6.9%
FY21
TRI —
TRU 6.8%
FY22
TRI 9.0%
TRU 4.8%
FY23
TRI 13.2%
TRU 1.1%
FY24
TRI 15.5%
TRU 5.7%
FY25
TRI 11.8%
TRU 7.1%
TRI
TRU
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.