Thomson Reuters Corp (TRI) - Net Assets
Based on the latest financial reports, Thomson Reuters Corp (TRI) has net assets worth CA$11.89 Billion CAD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$17.91 Billion) and total liabilities (CA$6.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$11.89 Billion |
| % of Total Assets | 66.41% |
| Annual Growth Rate | 3.75% |
| 5-Year Change | -14.04% |
| 10-Year Change | -10.29% |
| Growth Volatility | 16.29 |
Thomson Reuters Corp - Net Assets Trend (1995–2025)
This chart illustrates how Thomson Reuters Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thomson Reuters Corp (1995–2025)
The table below shows the annual net assets of Thomson Reuters Corp from 1995 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$11.89 Billion | -0.95% |
| 2024-12-31 | CA$12.01 Billion | +8.51% |
| 2023-12-31 | CA$11.06 Billion | -7.41% |
| 2022-12-31 | CA$11.95 Billion | -13.63% |
| 2021-12-31 | CA$13.83 Billion | +38.62% |
| 2020-12-31 | CA$9.98 Billion | +4.39% |
| 2019-12-31 | CA$9.56 Billion | +3.62% |
| 2018-12-31 | CA$9.23 Billion | -32.04% |
| 2017-12-31 | CA$13.57 Billion | +2.41% |
| 2016-12-31 | CA$13.26 Billion | +1.19% |
| 2015-12-31 | CA$13.10 Billion | -10.64% |
| 2014-12-31 | CA$14.66 Billion | -10.78% |
| 2013-12-31 | CA$16.43 Billion | -6.10% |
| 2012-12-31 | CA$17.50 Billion | +4.47% |
| 2011-12-31 | CA$16.75 Billion | -14.87% |
| 2010-12-31 | CA$19.68 Billion | +1.76% |
| 2009-12-31 | CA$19.34 Billion | -4.27% |
| 2008-12-31 | CA$20.20 Billion | +48.83% |
| 2007-12-31 | CA$13.57 Billion | +29.48% |
| 2006-12-31 | CA$10.48 Billion | +5.20% |
| 2005-12-31 | CA$9.96 Billion | +0.01% |
| 2004-12-31 | CA$9.96 Billion | +8.28% |
| 2003-12-31 | CA$9.20 Billion | +2.75% |
| 2002-12-31 | CA$8.95 Billion | +8.93% |
| 2001-12-31 | CA$8.22 Billion | +5.15% |
| 2000-12-31 | CA$7.82 Billion | +11.74% |
| 1999-12-31 | CA$7.00 Billion | +3.72% |
| 1998-12-31 | CA$6.75 Billion | +36.37% |
| 1997-12-31 | CA$4.95 Billion | +6.45% |
| 1996-12-31 | CA$4.65 Billion | +18.06% |
| 1995-12-31 | CA$3.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thomson Reuters Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 183.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$9.20 Billion | 77.39% |
| Common Stock | CA$3.59 Billion | 30.19% |
| Other Comprehensive Income | CA$-901.36 Million | -7.58% |
| Total Equity | CA$11.89 Billion | 100.00% |
Thomson Reuters Corp Competitors by Market Cap
The table below lists competitors of Thomson Reuters Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alnylam Pharmaceuticals Inc
NASDAQ:ALNY
|
$41.07 Billion |
|
Datadog Inc
NASDAQ:DDOG
|
$41.20 Billion |
|
EQT AB (publ)
ST:EQT
|
$41.24 Billion |
|
Kotak Mahindra Bank Limited
NSE:KOTAKBANK
|
$41.26 Billion |
|
Waste Connections Inc
NYSE:WCN
|
$40.81 Billion |
|
Infineon Technologies AG
F:IFXA
|
$40.80 Billion |
|
Public Service Enterprise Group Inc
NYSE:PEG
|
$40.69 Billion |
|
Elbit Systems Ltd
NASDAQ:ESLT
|
$40.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thomson Reuters Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,006,000,000 to 11,892,318,307, a change of -113,681,693 (-0.9%).
- Net income of 1,528,293,310 contributed positively to equity growth.
- Dividend payments of 1,057,188,248 reduced retained earnings.
- Share repurchases of 1,017,505,533 reduced equity.
- Other comprehensive income increased equity by 289,643,325.
- Other factors increased equity by 143,075,453.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.53 Billion | +12.85% |
| Dividends Paid | CA$1.06 Billion | -8.89% |
| Share Repurchases | CA$1.02 Billion | -8.56% |
| Other Comprehensive Income | CA$289.64 Million | +2.44% |
| Other Changes | CA$143.08 Million | +1.2% |
| Total Change | CA$- | -0.95% |
Book Value vs Market Value Analysis
This analysis compares Thomson Reuters Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.82x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.67x to 4.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CA$7.64 | CA$127.45 | x |
| 1996-12-31 | CA$8.85 | CA$127.45 | x |
| 1997-12-31 | CA$9.86 | CA$127.45 | x |
| 1998-12-31 | CA$12.59 | CA$127.45 | x |
| 1999-12-31 | CA$13.04 | CA$127.45 | x |
| 2000-12-31 | CA$14.32 | CA$127.45 | x |
| 2001-12-31 | CA$14.92 | CA$127.45 | x |
| 2002-12-31 | CA$15.89 | CA$127.45 | x |
| 2003-12-31 | CA$16.10 | CA$127.45 | x |
| 2004-12-31 | CA$17.36 | CA$127.45 | x |
| 2005-12-31 | CA$17.38 | CA$127.45 | x |
| 2006-12-31 | CA$18.58 | CA$127.45 | x |
| 2007-12-31 | CA$24.05 | CA$127.45 | x |
| 2008-12-31 | CA$29.67 | CA$127.45 | x |
| 2009-12-31 | CA$26.43 | CA$127.45 | x |
| 2010-12-31 | CA$26.39 | CA$127.45 | x |
| 2011-12-31 | CA$22.49 | CA$127.45 | x |
| 2012-12-31 | CA$23.61 | CA$127.45 | x |
| 2013-12-31 | CA$22.05 | CA$127.45 | x |
| 2014-12-31 | CA$19.98 | CA$127.45 | x |
| 2015-12-31 | CA$18.38 | CA$127.45 | x |
| 2016-12-31 | CA$19.49 | CA$127.45 | x |
| 2017-12-31 | CA$20.75 | CA$127.45 | x |
| 2018-12-31 | CA$14.32 | CA$127.45 | x |
| 2019-12-31 | CA$19.02 | CA$127.45 | x |
| 2020-12-31 | CA$20.79 | CA$127.45 | x |
| 2021-12-31 | CA$29.02 | CA$127.45 | x |
| 2022-12-31 | CA$24.64 | CA$127.45 | x |
| 2023-12-31 | CA$23.85 | CA$127.45 | x |
| 2024-12-31 | CA$26.61 | CA$127.45 | x |
| 2025-12-31 | CA$26.45 | CA$127.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thomson Reuters Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.09%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.51x
- Recent ROE (12.85%) is below the historical average (13.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 20.32% | 11.06% | 0.72x | 2.54x | CA$405.98 Million |
| 1996 | 12.50% | 7.52% | 0.59x | 2.83x | CA$116.29 Million |
| 1997 | 11.71% | 6.60% | 0.66x | 2.70x | CA$84.38 Million |
| 1998 | 26.95% | 29.00% | 0.50x | 1.85x | CA$1.14 Billion |
| 1999 | 8.00% | 9.74% | 0.46x | 1.80x | CA$-139.60 Million |
| 2000 | 16.00% | 19.20% | 0.41x | 2.01x | CA$469.06 Million |
| 2001 | 9.44% | 10.72% | 0.39x | 2.24x | CA$-46.00 Million |
| 2002 | 6.87% | 7.93% | 0.42x | 2.07x | CA$-280.40 Million |
| 2003 | 9.42% | 11.40% | 0.41x | 2.03x | CA$-53.00 Million |
| 2004 | 10.15% | 12.48% | 0.41x | 1.97x | CA$14.80 Million |
| 2005 | 9.37% | 10.73% | 0.45x | 1.95x | CA$-62.30 Million |
| 2006 | 10.69% | 16.86% | 0.33x | 1.92x | CA$71.90 Million |
| 2007 | 29.50% | 54.88% | 0.32x | 1.68x | CA$2.65 Billion |
| 2008 | 6.98% | 12.00% | 0.33x | 1.79x | CA$-607.60 Million |
| 2009 | 4.38% | 6.49% | 0.38x | 1.79x | CA$-1.08 Billion |
| 2010 | 4.70% | 6.95% | 0.37x | 1.84x | CA$-1.02 Billion |
| 2011 | -8.47% | -10.07% | 0.43x | 1.98x | CA$-3.03 Billion |
| 2012 | 12.07% | 15.59% | 0.41x | 1.90x | CA$355.50 Million |
| 2013 | 0.85% | 1.08% | 0.39x | 2.02x | CA$-1.47 Billion |
| 2014 | 13.46% | 15.14% | 0.41x | 2.16x | CA$491.20 Million |
| 2015 | 9.95% | 10.28% | 0.42x | 2.31x | CA$-6.30 Million |
| 2016 | 24.25% | 27.74% | 0.40x | 2.18x | CA$1.82 Billion |
| 2017 | 10.67% | 12.31% | 0.43x | 2.02x | CA$87.30 Million |
| 2018 | 42.80% | 71.79% | 0.32x | 1.85x | CA$3.03 Billion |
| 2019 | 22.69% | 36.73% | 0.34x | 1.81x | CA$1.21 Billion |
| 2020 | 16.96% | 28.29% | 0.33x | 1.79x | CA$695.00 Million |
| 2021 | -4.00% | -8.71% | 0.29x | 1.60x | CA$-1.94 Billion |
| 2022 | 15.79% | 28.47% | 0.31x | 1.82x | CA$692.10 Million |
| 2023 | 24.36% | 39.67% | 0.36x | 1.69x | CA$1.59 Billion |
| 2024 | 18.41% | 30.45% | 0.39x | 1.54x | CA$1.01 Billion |
| 2025 | 12.85% | 20.09% | 0.42x | 1.51x | CA$339.06 Million |
Industry Comparison
This section compares Thomson Reuters Corp's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $104,634,597
- Average return on equity (ROE) among peers: 0.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thomson Reuters Corp (TRI) | CA$11.89 Billion | 20.32% | 0.51x | $41.03 Billion |
| Wildpack Beverage Inc (CANS) | $-72.76 Million | 0.00% | 0.00x | $362.36K |
| Calian Technologies Ltd (CGY) | $27.74 Million | -52.97% | 0.96x | $599.71 Million |
| Data Communications Management Ltd (DCM) | $117.68 Million | 4.57% | 1.46x | $65.58 Million |
| Diversified Royalty Corp (DIV) | $208.44 Million | 5.13% | 0.20x | $534.82 Million |
| Dexterra Group Inc (DXT) | $300.98 Million | 21.27% | 0.71x | $545.23 Million |
| GDI Integrated (GDI) | $41.60 Million | -11.48% | 0.01x | $391.59 Million |
| Information Services Corporation (ISC) | $103.97 Million | 26.73% | 0.65x | $605.50 Million |
| K-Bro Linen Inc. (KBL) | $109.44 Million | 11.15% | 0.21x | $358.00 Million |
About Thomson Reuters Corp
Thomson Reuters Corporation operates as a content and technology company in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through five segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal wo… Read more