CLVT vs TRI vs LAW Stock Comparison

Clarivate, Thomson Reuters and CS Disco Prices as of Oct 23, 2026 Peers: Industry group
CLVT Clarivate Plc
$1.85 +0.5% 1M -50.0% 1Y
Market cap
$1.20B
P/E
–
Revenue (TTM)
$2.41B
Div. yield
–
Compliance Software Technology
2 wins
TRI Thomson Reuters Corp /Can/
$123.17 +25.1% 1M -24.6% 1Y
Market cap
$54.80B
P/E
33.8x
Revenue (TTM)
$7.83B
Div. yield
-0.01%
Compliance Software Technology
6 wins
LAW CS Disco, Inc.
$5.05 +19.1% 1M -27.8% 1Y
Market cap
$321.16M
P/E
–
Revenue (TTM)
$167.12M
Div. yield
–
Compliance Software Technology
1 win

Head to Head

9 decided of 12

Thomson Reuters leads on 6 of the 12 questions below (Thomson Reuters 6, Clarivate 2, CS Disco 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLVTTRILAWLeader
Larger companyMarket capitalisation $1.20B $54.80B $321.16M TRI
Cheaper on earningsLower P/E, profitable companies only -3.6x 33.8x -7.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 2.6x 27.4x — CLVT
Faster revenue growthRevenue growth, trailing twelve months -3.5% +7.0% +12.9% LAW
More profitableNet margin, trailing twelve months -13.8% 20.7% -24.2% TRI
Better return on capitalReturn on invested capital -0.9% — — –
Less leveragedLower net debt / EBITDA 6.0x 1.2x — TRI
Higher dividend yieldTrailing dividend yield 0.00% -0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -50.0% -24.6% -27.8% TRI
Better 5-year returnAnnualised price return, 5 years -39.2%/yr -0.1%/yr -36.2%/yr TRI
Less volatileAnnualised volatility, 1 year 74.6% 51.6% 77.4% TRI
Higher overall scoreMean of the five percentile scores vs peers 57/100 56/100 44/100 CLVT

Percentile Scorecard

CLVTTRILAW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLVTTRILAW
Valuation 94 #7 of 101 49 #52 of 101 25 #76 of 101
Growth 30 #68 of 97 28 #70 of 97 51 #48 of 97
Profitability 45 #52 of 94 99 #2 of 94 31 #65 of 94
Financial Health 28 #79 of 109 67 #37 of 109 91 #11 of 109
Shareholder Returns 89 #8 of 64 37 #41 of 64 24 #49 of 64
Overall 57 56 44
  • CLVT ranked among 114 companies in Business Applications
  • TRI ranked among 114 companies in Business Applications
  • LAW ranked among 114 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLVTTRILAWSPY
1 month +0.5%+25.1%+19.1% -1.0%
3 months -9.3%+36.6%+43.5% +2.9%
6 months -24.5%+37.2%+22.3% +6.4%
Year to date -44.6%-6.6%-34.9% +11.4%
1 year -50.0%-24.6%-27.8% +13.1%
3 years -72.1%+0.2%-13.8% +79.4%
3 years, per year -34.7%+0.1%-4.8% +21.5%
5 years -91.7%-0.3%-89.4% +67.7%
5 years, per year -39.2%-0.1%-36.2% +10.9%
10 years —+198.5%— +255.2%
10 years, per year —+11.6%— +13.5%

Risk

MeasureCLVTTRILAWSPY
Volatility, 1Y 74.6%51.6%77.4% 12.7%
Downside volatility, 1Y 72.2%51.9%85.1% 12.7%
Beta vs S&P 500, 1Y 0.790.180.34 1.00
Return / volatility, 1Y -0.67-0.48-0.36 1.03
Max drawdown, 5Y -94.3%-64.3%-95.2% -25.4%
From 52-week high -50.8%-24.6%-43.3% -2.5%
52-week high $3.76$163.45$8.91 $779.14
52-week low $1.45$76.55$2.76 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLVTTRILAW
P/E now vs peer median -3.5xmedian 29.9x 34.1xmedian 29.9x -8.1xmedian 29.9x
P/S now vs peer median 0.5xmedian 2.8x 7.0xmedian 2.8x 2.0xmedian 2.8x
EV/EBITDA now vs peer median 7.8xmedian 17.4x 27.2xmedian 17.4x -5.7xmedian 17.4x
P/FCF now vs peer median 3.6xmedian 16.9x 17.2xmedian 16.9x -20.0xmedian 16.9x
P/B now vs peer median 0.3xmedian 3.1x 4.9xmedian 3.1x 2.7xmedian 3.1x
PEG now vs peer median -0.06median 0.86 3.29median 0.86 -0.40median 0.86

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLVTTRILAW
Revenue $2.41B $7.83B $167.12M
Gross profit $1.61B – $125.05M
Operating income -$84.60M $2.33B -$43.01M
Net income -$334.00M $1.68B -$40.44M
Free cash flow $327.60M $3.19B -$16.39M
R&D – – $58.00M
EPS (diluted) $-0.52 $3.61 $-0.63
Cash & equivalents $217.70M $577.00M $10.89M
Total debt $17.34B $3.26B –
Shares (diluted) 639.40M 449.53M 64.49M
Enterprise value $87.88M $51.58B -$111.36M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLVTTRILAW
P/E -3.5x 34.1x -8.1x
P/FCF 3.6x 17.2x -20.0x
P/Operating cash flow 2.1x 19.0x -25.2x
P/S 0.5x 7.0x 2.0x
P/B 0.3x 4.9x 2.7x
P/Tangible book -0.4x 6.8x 2.7x
EV/EBITDA 7.8x 27.2x -5.7x
EV/EBIT -61.2x 24.6x -5.3x
EV/Revenue 2.1x 7.3x 1.4x
EV/FCF 15.8x 18.0x -13.8x
EV/Operating cash flow 9.0x 19.9x -17.4x
PEG (3Y EPS CAGR) -0.06 3.29 -0.40

Growth

14 metrics
MetricCLVTTRILAW
Revenue growth (1Y) -3.5% 7.0% 12.9%
Revenue CAGR (3Y) -2.6% 5.2% 7.5%
Gross profit growth (1Y) -2.4% – 14.1%
Gross profit CAGR (3Y) -1.6% – 7.6%
Operating income growth (1Y) -55.2% 9.1% 30.0%
Operating income CAGR (3Y) 72.6% -0.5% 18.5%
Net income growth (1Y) 22.9% 4.7% 28.5%
Net income CAGR (3Y) 56.9% -6.8% 18.3%
EPS growth (1Y) 17.9% 8.4% 32.1%
EPS CAGR (3Y) 56.4% 10.4% 20.3%
Operating cash flow growth (1Y) -9.1% 14.5% 16.2%
Operating cash flow CAGR (3Y) -7.9% 10.1% 34.2%
Free cash flow growth (1Y) -5.3% 13.0% 11.0%
Free cash flow CAGR (3Y) -13.4% 9.0% 31.3%

Profitability

14 metrics
MetricCLVTTRILAW
Gross margin 66.8% – 74.8%
EBITDA margin 27.6% 26.9% -23.7%
Operating margin -3.5% 29.7% -25.7%
Pretax margin -14.0% 46.5% -23.8%
Net margin -13.8% 20.7% -24.2%
FCF margin 13.6% 40.7% -9.8%
Operating cash flow margin 23.8% 36.9% -7.8%
Return on equity -7.2% – -33.1%
Return on assets -3.1% – -25.0%
Return on invested capital -0.9% – –
Return on capital employed -0.9% – -34.6%
Asset turnover 0.2x – 1.0x
Cash conversion (OCF / net income) -1.7x 1.7x 0.3x
Stock comp / revenue 2.6% – 13.5%

Financial Health

11 metrics
MetricCLVTTRILAW
Debt / assets 40.2% 18.0% –
Debt / equity 0.9x 0.3x –
Net debt / EBITDA 6.0x 1.2x –
Debt / FCF 12.9x 1.0x –
Liabilities / assets 56.7% 38.5% 25.5%
Equity / assets 43.3% 61.5% 74.5%
Interest coverage – 116.5x –
Current ratio 0.8x 0.5x 3.8x
Quick ratio 0.7x -2.5x 3.7x
Cash ratio 0.2x 0.2x 2.7x
Altman Z-score -0.75 6.14 2.57

Shareholder Returns

7 metrics
MetricCLVTTRILAW
Dividend yield – 3.3% –
Net buyback yield 12.1% -2.1% 0.0%
Shareholder yield 12.1% 1.1% 0.0%
Payout ratio (earnings) – 30.9% –
Payout ratio (FCF) – 16.3% –
Dividend growth (1Y) – -10.6% –
Dividend CAGR (3Y) – -8.5% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLVTTRILAW
Forward P/E 2.6xFY2026 27.4xFY2026 –
EPS, next fiscal year $0.72FY2026 $4.50FY2026 $-0.14FY2026
EPS growth, next FY +4.3%FY2026 +13.4%FY2026 –
EPS growth, the year after +11.1% +7.6% –
Revenue, next fiscal year $2.19BFY2026 $7.76BFY2026 $183.94MFY2026
Revenue growth, next FY -11.0%FY2026 +4.1%FY2026 +17.3%FY2026
Revenue growth, the year after +6.3% +15.1% +2.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLVTTRILAW
Held by institutions 91.1% 90.1% 54.6%
Institutions holding 242 421 119
Change in shares held, QoQ +1.7% +0.6% -0.5%
Institutions buying 129 408 66
Institutions selling 81 9 31
Buyers to sellers 1.59 45.33 2.13

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLVTTRILAW
CLVT 1.00 0.57 0.36
TRI 0.57 1.00 0.42
LAW 0.36 0.42 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CLVT, TRI and LAW?

Thomson Reuters (TRI) is the largest by market capitalisation: Clarivate (CLVT) $1.20B, Thomson Reuters (TRI) $54.80B, CS Disco (LAW) $321.16M.

Which company is growing faster?

CS Disco (LAW) grew revenue fastest over the trailing twelve months: Clarivate (CLVT) -3.5%, Thomson Reuters (TRI) +7.0%, CS Disco (LAW) +12.9%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (Clarivate (CLVT) -13.8%, Thomson Reuters (TRI) 20.7%, CS Disco (LAW) -24.2%).

Which stock has performed better?

Over the past year Thomson Reuters (TRI) returned the most: Clarivate (CLVT) -50.0%, Thomson Reuters (TRI) -24.6%, CS Disco (LAW) -27.8%. Over five years, Thomson Reuters (TRI) compounded fastest (Clarivate (CLVT) -39.2%/yr, Thomson Reuters (TRI) -0.1%/yr, CS Disco (LAW) -36.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Thomson Reuters (TRI) has been the steadiest (Clarivate (CLVT) 74.6%, Thomson Reuters (TRI) 51.6%, CS Disco (LAW) 77.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CLVT, TRI and LAW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Thomson Reuters (TRI) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.