Thomson Reuters Corporation
TRI 7.5Price and target zones价格与目标区间
What the company does公司做什么
Thomson Reuters sells subscription information and software to legal, tax, and accounting professionals, and runs the Reuters news agency. A lawyer or accountant uses its tools every day, and the content is proprietary.Thomson Reuters向法律、税务和会计专业人士出售订阅式的信息和软件，还运营路透社新闻通讯社。律师或会计师每天都在用它的工具，而这些内容是专有的。
Earns from营收来源 recurring subscriptions to its databases and software.对其数据库和软件的持续订阅费。
Read the full description查看完整介绍
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, Audit & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of content-driven technologies, including generative AI and integrated compliance workflow solutions to small businesses and multinational organizations. Tax, Audit & Accounting Professionals segment offers research and workflow products to tax, audit, and accounting firms. The Reuters News segment provides business, financial, and international news to media organizations, professional, and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products, and to financial firms. The Global Print segment offers legal and tax information primarily in print format. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. The company was founded in 1799 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.
What the company sells公司卖什么
Legal research and workflow tools for law firms. FY2025 revenue was $2.9 billion.面向律师事务所的法律检索和工作流工具。2025财年收入为$2.9 billion。
- Westlaw
- The legal-research database. A lawyer searches case law and statutes through it.法律检索数据库。律师通过它检索判例法和法规。
- Practical Law
- Ready-made legal guidance and templates.现成的法律指引和模板。
Plus:此外： Corporates企业客户 (27%) — The same legal and tax tools sold to companies' in-house departments. FY2025 revenue was $2.0 billion把同样的法律和税务工具卖给公司的内部法务和税务部门。2025财年收入为$2.0 billion; Tax, Audit and Accounting Professionals税务、审计与会计专业人士 (17%) — Tax-preparation and accounting software for accounting firms, such as UltraTax. FY2025 revenue was $1.3 billion面向会计师事务所的报税和会计软件，比如 UltraTax。2025财年收入为$1.3 billion; Reuters News路透社新闻 (11%) — The Reuters news agency — wire news, video, and a large content contract with the London Stock Exchange Group路透社新闻社——通讯社新闻、视频，以及与伦敦证券交易所集团的一份大额内容合同; Global Print全球印刷 (7%) — Printed legal and tax reference books. A declining business that still produces cash印刷版的法律和税务参考书。一项正在衰退但仍能产生现金的业务.
Company facts公司资料
- Founded成立时间
- 1799
- Headquarters总部
- Toronto, Canada
- Former name曾用名
- The Thomson Corporation
- Employees员工人数
- 27,100
- Industry行业
- Specialty Business Services
- Country国家
- Canada
Investment thesis投资逻辑 from the watchlist来自关注列表
📋 Ran +20% out of the $82-98 zone. Catalyst: sold 51% of Global Print to KKR (~$500M). 33yr streak, 2.68% yield, ~53% FCF payout, net debt/EBITDA 0.60x, Q1'26 organic 8% accelerating, GenAI = 30% of Legal ACV. FV $95-120 → now mid-range. Earnings 8/5. Break: Q2 organic <7% or any margin contraction. A2026-07-23
📋 上涨 +20% 脱离 $82-98 区间。催化剂：以 ~$500M 将 Global Print 51% 出售给 KKR。33 年连续增长，2.68% 股息率，~53% 自由现金流派息率，净负债/EBITDA 0.60x，Q1'26 有机增长 8% 且加速，GenAI = 法律业务 ACV 的 30%。FV $95-120 → 现处中段。8/5 财报。
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- 13%
- Revenue growth营收增长
- +10%
- Dividend yield股息率
- 2.67%
Competitors竞争对手
Why customers stay客户为什么留下
Professionals build their daily work around Westlaw and UltraTax, and the content — curated case law with editorial notes — cannot be copied. With LexisNexis it forms an effective legal-research duopoly.专业人士把每天的工作都建立在Westlaw和UltraTax上，而其内容——配有编辑注释的整理过的判例法——无法被复制。它与LexisNexis一起，形成了实质上的法律检索双头垄断。
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Recent news近期新闻 last 7 days近7天
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