LZ vs TRI vs DOCU Stock Comparison

Legalzoom.Com, Thomson Reuters and Docusign Prices as of Oct 23, 2026 Peers: Industry group
LZ Legalzoom.Com, Inc.
$6.99 +20.7% 1M -33.1% 1Y
Market cap
$1.20B
P/E
71.3x
Revenue (TTM)
$792.49M
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
4 wins
DOCU Docusign, Inc.
$85.27 +22.7% 1M +20.0% 1Y
Market cap
$16.24B
P/E
49.2x
Revenue (TTM)
$3.36B
Div. yield
–
Compliance Software Technology
3 wins

Head to Head

9 decided of 12

Thomson Reuters leads on 4 of the 12 questions below (Thomson Reuters 4, Docusign 3, Legalzoom.Com 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLZTRIDOCULeader
Larger companyMarket capitalisation $1.20B $54.80B $16.24B TRI
Cheaper on earningsLower P/E, profitable companies only 71.3x 33.8x 49.2x TRI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.3x 27.4x 19.2x LZ
Faster revenue growthRevenue growth, trailing twelve months +12.3% +7.0% +8.6% LZ
More profitableNet margin, trailing twelve months 2.1% 20.7% 9.8% TRI
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — 1.2x — –
Higher dividend yieldTrailing dividend yield 0.00% -0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -33.1% -24.6% +20.0% DOCU
Better 5-year returnAnnualised price return, 5 years -23.8%/yr -0.1%/yr -20.9%/yr TRI
Less volatileAnnualised volatility, 1 year 64.3% 51.6% 48.4% DOCU
Higher overall scoreMean of the five percentile scores vs peers 67/100 56/100 71/100 DOCU

Percentile Scorecard

LZTRIDOCU

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

AxisLZTRIDOCU
Valuation 85 #16 of 101 49 #52 of 101 64 #37 of 101
Growth 47 #52 of 97 28 #70 of 97 76 #24 of 97
Profitability 71 #28 of 94 99 #2 of 94 89 #11 of 94
Financial Health 39 #67 of 109 67 #37 of 109 55 #50 of 109
Shareholder Returns 94 #5 of 64 37 #41 of 64 73 #18 of 64
Overall 67 56 71
  • LZ ranked among 114 companies in Business Applications
  • TRI ranked among 114 companies in Business Applications
  • DOCU ranked among 114 companies in Business Applications

Price Performance

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

Returns

PeriodLZTRIDOCUSPY
1 month +20.7%+25.1%+22.7% -1.0%
3 months -2.6%+36.6%+69.1% +2.9%
6 months +10.8%+37.2%+84.5% +6.4%
Year to date -29.6%-6.6%+24.7% +11.4%
1 year -33.1%-24.6%+20.0% +13.1%
3 years -31.5%+0.2%+110.3% +79.4%
3 years, per year -11.8%+0.1%+28.1% +21.5%
5 years -74.2%-0.3%-69.0% +67.7%
5 years, per year -23.8%-0.1%-20.9% +10.9%
10 years —+198.5%— +255.2%
10 years, per year —+11.6%— +13.5%

Risk

MeasureLZTRIDOCUSPY
Volatility, 1Y 64.3%51.6%48.4% 12.7%
Downside volatility, 1Y 77.1%51.9%48.4% 12.7%
Beta vs S&P 500, 1Y 0.540.180.46 1.00
Return / volatility, 1Y -0.52-0.480.41 1.03
Max drawdown, 5Y -80.6%-64.3%-86.4% -25.4%
From 52-week high -36.0%-24.6%0.0% -2.5%
52-week high $10.93$163.45$85.27 $779.14
52-week low $5.43$76.55$41.75 $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.

MultipleLZTRIDOCU
P/E now vs peer median 70.6xmedian 29.9x 34.1xmedian 29.9x 49.4xmedian 29.9x
P/S now vs peer median 1.5xmedian 2.8x 7.0xmedian 2.8x 4.8xmedian 2.8x
EV/EBITDA now vs peer median 12.9xmedian 17.4x 27.2xmedian 17.4x 19.1xmedian 17.4x
P/FCF now vs peer median 7.8xmedian 16.9x 17.2xmedian 16.9x 13.4xmedian 16.9x
P/B now vs peer median 9.2xmedian 3.1x 4.9xmedian 3.1x 9.3xmedian 3.1x
PEG now vs peer median 1.29median 0.86 3.29median 0.86 0.27median 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 monthsLZTRIDOCU
Revenue $792.49M $7.83B $3.36B
Gross profit $528.61M – $2.67B
Operating income $32.52M $2.33B $402.03M
Net income $16.85M $1.68B $329.94M
Free cash flow $149.65M $3.19B $1.20B
R&D – – $659.08M
EPS (diluted) $0.10 $3.61 $1.71
Cash & equivalents $167.23M $577.00M $528.16M
Total debt – $3.26B –
Shares (diluted) 171.64M 449.53M 193.12M
Enterprise value $411.75M $51.58B $12.94B

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
MetricLZTRIDOCU
P/E 70.6x 34.1x 49.4x
P/FCF 7.8x 17.2x 13.4x
P/Operating cash flow 6.7x 19.0x 12.1x
P/S 1.5x 7.0x 4.8x
P/B 9.2x 4.9x 9.3x
P/Tangible book 10.4x 6.8x 9.6x
EV/EBITDA 12.9x 27.2x 19.1x
EV/EBIT 30.8x 24.6x 38.0x
EV/Revenue 1.3x 7.3x 4.5x
EV/FCF 6.7x 18.0x 12.7x
EV/Operating cash flow 5.7x 19.9x 11.5x
PEG (3Y EPS CAGR) 1.29 3.29 0.27

Growth

14 metrics
MetricLZTRIDOCU
Revenue growth (1Y) 12.3% 7.0% 8.6%
Revenue CAGR (3Y) 7.6% 5.2% 8.2%
Gross profit growth (1Y) 14.0% – 8.8%
Gross profit CAGR (3Y) 8.4% – 8.3%
Operating income growth (1Y) -7.7% 9.1% 64.1%
Operating income CAGR (3Y) 198.3% -0.5% 160.2%
Net income growth (1Y) -41.4% 4.7% 17.4%
Net income CAGR (3Y) 51.9% -6.8% 177.3%
EPS growth (1Y) -38.3% 8.4% 28.3%
EPS CAGR (3Y) 54.8% 10.4% 183.7%
Operating cash flow growth (1Y) 6.8% 14.5% 27.3%
Operating cash flow CAGR (3Y) 12.4% 10.1% 27.8%
Free cash flow growth (1Y) 14.4% 13.0% 28.1%
Free cash flow CAGR (3Y) 15.7% 9.0% 29.9%

Profitability

14 metrics
MetricLZTRIDOCU
Gross margin 66.7% – 79.5%
EBITDA margin 9.8% 26.9% 23.7%
Operating margin 4.1% 29.7% 12.0%
Pretax margin 4.8% 46.5% 13.1%
Net margin 2.1% 20.7% 9.8%
FCF margin 18.9% 40.7% 35.7%
Operating cash flow margin 22.1% 36.9% 39.4%
Return on equity 12.3% – 18.6%
Return on assets 3.5% – 8.3%
Return on invested capital – – –
Return on capital employed 20.2% – 20.1%
Asset turnover 1.7x – 0.8x
Cash conversion (OCF / net income) 10.4x 1.7x 4.0x
Stock comp / revenue 12.4% – 15.3%

Financial Health

11 metrics
MetricLZTRIDOCU
Debt / assets – 18.0% –
Debt / equity – 0.3x –
Net debt / EBITDA – 1.2x –
Debt / FCF – 1.0x –
Liabilities / assets 72.7% 38.5% 56.6%
Equity / assets 27.3% 61.5% 43.4%
Interest coverage 18.6x 116.5x 170.4x
Current ratio 0.7x 0.5x 0.6x
Quick ratio 0.6x -2.5x 0.6x
Cash ratio 0.5x 0.2x 0.4x
Altman Z-score 0.07 6.14 4.44

Shareholder Returns

7 metrics
MetricLZTRIDOCU
Dividend yield – 3.3% –
Net buyback yield 12.6% -2.1% 6.6%
Shareholder yield 12.6% 1.1% 6.6%
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.

ConsensusLZTRIDOCU
Forward P/E 10.3xFY2026 27.4xFY2026 19.2xFY2026
EPS, next fiscal year $0.68FY2026 $4.50FY2026 $4.43FY2026
EPS growth, next FY +9.7%FY2026 +13.4%FY2026 +15.4%FY2026
EPS growth, the year after +25.0% +7.6% +12.6%
Revenue, next fiscal year $847.19MFY2026 $7.76BFY2026 $3.62BFY2026
Revenue growth, next FY +12.1%FY2026 +4.1%FY2026 +12.4%FY2026
Revenue growth, the year after -6.3% +15.1% -0.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLZTRIDOCU
Held by institutions 96.0% 90.1% 90.0%
Institutions holding 242 421 670
Change in shares held, QoQ -0.5% +0.6% -1.2%
Institutions buying 122 408 329
Institutions selling 97 9 243
Buyers to sellers 1.26 45.33 1.35

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.

LZTRIDOCU
LZ 1.00 0.48 0.52
TRI 0.48 1.00 0.58
DOCU 0.52 0.58 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, LZ, TRI and DOCU?

Thomson Reuters (TRI) is the largest by market capitalisation: Legalzoom.Com (LZ) $1.20B, Thomson Reuters (TRI) $54.80B, Docusign (DOCU) $16.24B.

Which stock is cheaper, LZ, TRI and DOCU?

Thomson Reuters (TRI) trades on the lowest price-to-earnings ratio (Legalzoom.Com (LZ) 71.3x, Thomson Reuters (TRI) 33.8x, Docusign (DOCU) 49.2x). On next year's consensus earnings, Legalzoom.Com (LZ) is cheapest (Legalzoom.Com (LZ) 10.3x, Thomson Reuters (TRI) 27.4x, Docusign (DOCU) 19.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Legalzoom.Com (LZ) grew revenue fastest over the trailing twelve months: Legalzoom.Com (LZ) +12.3%, Thomson Reuters (TRI) +7.0%, Docusign (DOCU) +8.6%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (Legalzoom.Com (LZ) 2.1%, Thomson Reuters (TRI) 20.7%, Docusign (DOCU) 9.8%).

Which stock has performed better?

Over the past year Docusign (DOCU) returned the most: Legalzoom.Com (LZ) -33.1%, Thomson Reuters (TRI) -24.6%, Docusign (DOCU) +20.0%. Over five years, Thomson Reuters (TRI) compounded fastest (Legalzoom.Com (LZ) -23.8%/yr, Thomson Reuters (TRI) -0.1%/yr, Docusign (DOCU) -20.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Docusign (DOCU) has been the steadiest (Legalzoom.Com (LZ) 64.3%, Thomson Reuters (TRI) 51.6%, Docusign (DOCU) 48.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LZ, TRI and DOCU?

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 4. 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.