NYT vs TLS vs TRI Stock Comparison

New York Times, Telos and Thomson Reuters Prices as of Oct 29, 2026 Peers: Industry group
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NYT New York Times Co
$69.42 +11.4% 1M +23.8% 1Y
Market cap
$11.37B
P/E
28.9x
Revenue (TTM)
$2.98B
Div. yield
0.01%
Publishing Communication Services
6 wins
TLS Telos Corp
$5.78 +43.1% 1M -17.2% 1Y
Market cap
$405.93M
P/E
–
Revenue (TTM)
$193.71M
Div. yield
–
Compliance Software Technology
1 win
TRI Thomson Reuters Corp /Can/
$116.35 +20.9% 1M -23.9% 1Y
Market cap
$53.26B
P/E
32.9x
Revenue (TTM)
$7.83B
Div. yield
-0.01%
Compliance Software Technology
2 wins

Head to Head

9 decided of 12

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

QuestionNYTTLSTRILeader
Larger companyMarket capitalisation $11.37B $405.93M $53.26B TRI
Cheaper on earningsLower P/E, profitable companies only 28.9x -25.8x 32.9x NYT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.6x 34.0x 26.0x NYT
Faster revenue growthRevenue growth, trailing twelve months +10.8% +65.9% +7.0% TLS
More profitableNet margin, trailing twelve months 13.2% -8.1% 20.7% TRI
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — 1.2x –
Higher dividend yieldTrailing dividend yield 0.01% 0.00% -0.01% –
Better 1-year returnPrice return, last 12 months +23.8% -17.2% -23.9% NYT
Better 5-year returnAnnualised price return, 5 years +4.9%/yr -25.9%/yr -1.4%/yr NYT
Less volatileAnnualised volatility, 1 year 31.8% 66.3% 51.5% NYT
Higher overall scoreMean of the five percentile scores vs peers 79/100 61/100 55/100 NYT

Percentile Scorecard

NYTTLSTRI

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

AxisNYTTLSTRI
Valuation 39 #33 of 53 58 #43 of 101 50 #51 of 101
Growth 95 #3 of 44 89 #12 of 97 25 #73 of 97
Profitability 98 #2 of 42 38 #58 of 93 99 #2 of 93
Financial Health 90 #7 of 61 70 #33 of 108 65 #39 of 108
Shareholder Returns 72 #8 of 26 50 #32 of 63 39 #39 of 63
Overall 79 61 55
  • NYT ranked among 61 companies in Advertising and Media
  • TLS ranked among 114 companies in Business Applications
  • TRI ranked among 114 companies in Business Applications

Price Performance

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

Returns

PeriodNYTTLSTRISPY
1 month +11.4%+43.1%+20.9% +0.7%
3 months -8.4%+33.2%+17.7% +3.7%
6 months -12.2%+35.4%+21.6% +7.1%
Year to date 0.0%+13.3%-11.8% +12.8%
1 year +23.8%-17.2%-23.9% +11.9%
3 years +71.3%+138.8%-3.4% +85.2%
3 years, per year +19.7%+33.7%-1.2% +22.8%
5 years +27.2%-77.7%-6.9% +67.6%
5 years, per year +4.9%-25.9%-1.4% +10.9%
10 years +528.2%—+183.7% +262.0%
10 years, per year +20.2%—+11.0% +13.7%

Risk

MeasureNYTTLSTRISPY
Volatility, 1Y 31.8%66.3%51.5% 12.7%
Downside volatility, 1Y 38.2%71.9%52.0% 12.6%
Beta vs S&P 500, 1Y 0.091.510.16 1.00
Return / volatility, 1Y 0.75-0.26-0.46 0.94
Max drawdown, 5Y -50.0%-94.0%-64.3% -25.4%
From 52-week high -19.1%-25.5%-25.3% -1.2%
52-week high $85.86$7.76$155.72 $779.14
52-week low $56.09$3.88$76.55 $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.

MultipleNYTTLSTRI
P/E now vs peer median 28.6xmedian 18.7x -27.5xmedian 28.0x 32.2xmedian 28.0x
P/S now vs peer median 3.7xmedian 0.6x 2.2xmedian 2.8x 6.6xmedian 2.8x
EV/EBITDA now vs peer median 18.8xmedian 10.6x -66.0xmedian 16.9x 25.8xmedian 16.9x
P/FCF now vs peer median 17.9xmedian 9.0x 12.8xmedian 15.9x 16.2xmedian 15.9x
P/B now vs peer median 5.4xmedian 1.6x 4.6xmedian 3.2x 4.7xmedian 3.2x
PEG now vs peer median 0.92median 0.49 -0.91median 0.89 3.11median 0.89

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 monthsNYTTLSTRI
Revenue $2.98B $193.71M $7.83B
Gross profit $1.53B $70.97M –
Operating income $475.01M -$19.21M $2.33B
Net income $392.83M -$15.74M $1.68B
Free cash flow $623.02M $33.74M $3.19B
R&D $274.41M $6.68M –
EPS (diluted) $2.41 $-0.20 $3.61
Cash & equivalents $232.66M $50.65M $577.00M
Total debt – – $3.26B
Shares (diluted) 163.04M 77.55M 449.53M
Enterprise value $8.86B $192.82M $50.05B

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
MetricNYTTLSTRI
P/E 28.6x -27.5x 32.2x
P/FCF 17.9x 12.8x 16.2x
P/Operating cash flow 16.9x 12.5x 17.9x
P/S 3.7x 2.2x 6.6x
P/B 5.4x 4.6x 4.7x
P/Tangible book 6.1x 6.7x 6.4x
EV/EBITDA 18.8x -66.0x 25.8x
EV/EBIT 22.1x -19.8x 23.3x
EV/Revenue 3.5x 2.0x 6.9x
EV/FCF 16.8x 11.3x 17.0x
EV/Operating cash flow 15.9x 11.0x 18.8x
PEG (3Y EPS CAGR) 0.92 -0.91 3.11

Growth

14 metrics
MetricNYTTLSTRI
Revenue growth (1Y) 10.8% 65.9% 7.0%
Revenue CAGR (3Y) 8.0% 2.7% 5.2%
Gross profit growth (1Y) 13.8% 87.4% –
Gross profit CAGR (3Y) 10.9% 2.9% –
Operating income growth (1Y) 22.3% 66.7% 9.1%
Operating income CAGR (3Y) 27.8% 25.2% -0.5%
Net income growth (1Y) 22.6% 71.6% 4.7%
Net income CAGR (3Y) 30.6% 27.6% -6.8%
EPS growth (1Y) 23.6% 73.2% 8.4%
EPS CAGR (3Y) 31.1% 30.2% 10.4%
Operating cash flow growth (1Y) 34.4% 862.1% 14.5%
Operating cash flow CAGR (3Y) 37.3% 102.6% 10.1%
Free cash flow growth (1Y) 36.9% 602.2% 13.0%
Free cash flow CAGR (3Y) 40.3% 112.3% 9.0%

Profitability

14 metrics
MetricNYTTLSTRI
Gross margin 51.4% 36.6% –
EBITDA margin 18.8% -3.0% 26.9%
Operating margin 16.0% -9.9% 29.7%
Pretax margin 16.8% -8.5% 46.5%
Net margin 13.2% -8.1% 20.7%
FCF margin 20.9% 17.4% 40.7%
Operating cash flow margin 22.1% 17.9% 36.9%
Return on equity 19.4% -16.6% –
Return on assets 13.4% -11.3% –
Return on invested capital – – –
Return on capital employed 20.9% -19.4% –
Asset turnover 1.0x 1.4x –
Cash conversion (OCF / net income) 1.7x -2.2x 1.7x
Stock comp / revenue 2.6% 11.1% –

Financial Health

11 metrics
MetricNYTTLSTRI
Debt / assets – – 18.0%
Debt / equity – – 0.3x
Net debt / EBITDA – – 1.2x
Debt / FCF – – 1.0x
Liabilities / assets 31.4% 33.2% 38.5%
Equity / assets 68.6% 66.8% 61.5%
Interest coverage – -39.8x 116.5x
Current ratio 1.6x 2.4x 0.5x
Quick ratio 1.4x 1.8x -2.5x
Cash ratio 1.0x 1.2x 0.2x
Altman Z-score 10.05 3.39 5.88

Shareholder Returns

7 metrics
MetricNYTTLSTRI
Dividend yield 1.3% – 3.5%
Net buyback yield 1.6% 3.8% -2.2%
Shareholder yield 2.8% 3.8% 1.2%
Payout ratio (earnings) 32.1% – 30.9%
Payout ratio (FCF) 20.3% – 16.3%
Dividend growth (1Y) 33.6% – -10.6%
Dividend CAGR (3Y) 26.0% – -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.

ConsensusNYTTLSTRI
Forward P/E 25.6xFY2026 34.0xFY2026 26.0xFY2026
EPS, next fiscal year $2.71FY2026 $0.17FY2026 $4.47FY2026
EPS growth, next FY +10.2%FY2026 +88.9%FY2026 +12.6%FY2026
EPS growth, the year after +18.8% +23.5% +8.1%
Revenue, next fiscal year $3.24BFY2026 $179.38MFY2026 $7.73BFY2026
Revenue growth, next FY +14.8%FY2026 +8.8%FY2026 +3.8%FY2026
Revenue growth, the year after +6.7% +4.7% +15.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNYTTLSTRI
Held by institutions 100.0% 67.4% 90.1%
Institutions holding 631 155 421
Change in shares held, QoQ +2.3% +4.5% +0.6%
Institutions buying 313 99 408
Institutions selling 224 40 9
Buyers to sellers 1.40 2.48 45.33

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.

NYTTLSTRI
NYT 1.00 0.02 0.29
TLS 0.02 1.00 0.22
TRI 0.29 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NYT, TLS and TRI?

Thomson Reuters (TRI) is the largest by market capitalisation: New York Times (NYT) $11.37B, Telos (TLS) $405.93M, Thomson Reuters (TRI) $53.26B.

Which stock is cheaper, NYT, TLS and TRI?

New York Times (NYT) trades on the lowest price-to-earnings ratio (New York Times (NYT) 28.9x, Telos (TLS) -25.8x, Thomson Reuters (TRI) 32.9x). On next year's consensus earnings, New York Times (NYT) is cheapest (New York Times (NYT) 25.6x, Telos (TLS) 34.0x, Thomson Reuters (TRI) 26.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Telos (TLS) grew revenue fastest over the trailing twelve months: New York Times (NYT) +10.8%, Telos (TLS) +65.9%, Thomson Reuters (TRI) +7.0%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (New York Times (NYT) 13.2%, Telos (TLS) -8.1%, Thomson Reuters (TRI) 20.7%).

Which stock has performed better?

Over the past year New York Times (NYT) returned the most: New York Times (NYT) +23.8%, Telos (TLS) -17.2%, Thomson Reuters (TRI) -23.9%. Over five years, New York Times (NYT) compounded fastest (New York Times (NYT) +4.9%/yr, Telos (TLS) -25.9%/yr, Thomson Reuters (TRI) -1.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: New York Times (NYT) 0.01%, Telos (TLS) 0.00%, Thomson Reuters (TRI) -0.01%. Telos (TLS) and Thomson Reuters (TRI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, New York Times (NYT) has been the steadiest (New York Times (NYT) 31.8%, Telos (TLS) 66.3%, Thomson Reuters (TRI) 51.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NYT, TLS and TRI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, New York Times (NYT) 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.