TLS vs TRI vs CLVT Stock Comparison

Telos, Thomson Reuters and Clarivate Prices as of Oct 26, 2026 Peers: Industry group
TLS Telos Corp
$5.22 +29.2% 1M -29.6% 1Y
Market cap
$419.79M
P/E
–
Revenue (TTM)
$193.71M
Div. yield
–
Compliance Software Technology
2 wins
TRI Thomson Reuters Corp /Can/
$122.08 +23.3% 1M -24.9% 1Y
Market cap
$52.26B
P/E
32.2x
Revenue (TTM)
$7.83B
Div. yield
-0.01%
Compliance Software Technology
6 wins
CLVT Clarivate Plc
$1.88 +6.2% 1M -48.5% 1Y
Market cap
$1.16B
P/E
–
Revenue (TTM)
$2.41B
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, Telos 2, Clarivate 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTLSTRICLVTLeader
Larger companyMarket capitalisation $419.79M $52.26B $1.16B TRI
Cheaper on earningsLower P/E, profitable companies only -26.7x 32.2x -3.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.7x 27.3x 2.6x CLVT
Faster revenue growthRevenue growth, trailing twelve months +65.9% +7.0% -3.5% TLS
More profitableNet margin, trailing twelve months -8.1% 20.7% -13.8% TRI
Better return on capitalReturn on invested capital — — -0.9% –
Less leveragedLower net debt / EBITDA — 1.2x 6.0x TRI
Higher dividend yieldTrailing dividend yield 0.00% -0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -29.6% -24.9% -48.5% TRI
Better 5-year returnAnnualised price return, 5 years -27.3%/yr -0.1%/yr -39.0%/yr TRI
Less volatileAnnualised volatility, 1 year 66.0% 51.7% 74.8% TRI
Higher overall scoreMean of the five percentile scores vs peers 65/100 56/100 58/100 TLS

Percentile Scorecard

TLSTRICLVT

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

AxisTLSTRICLVT
Valuation 66 #35 of 102 49 #53 of 102 94 #7 of 102
Growth 90 #11 of 98 28 #71 of 98 30 #69 of 98
Profitability 39 #58 of 95 99 #2 of 95 47 #51 of 95
Financial Health 70 #33 of 109 66 #38 of 109 28 #79 of 109
Shareholder Returns 60 #26 of 64 38 #40 of 64 89 #8 of 64
Overall 65 56 58
  • TLS ranked among 115 companies in Business Applications
  • TRI ranked among 115 companies in Business Applications
  • CLVT ranked among 115 companies in Business Applications

Price Performance

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

Returns

PeriodTLSTRICLVTSPY
1 month +29.2%+23.3%+6.2% -0.8%
3 months +12.7%+24.9%-11.3% +3.5%
6 months +18.6%+37.1%-23.6% +7.0%
Year to date +2.4%-7.4%-43.7% +12.2%
1 year -29.6%-24.9%-48.5% +13.0%
3 years +122.1%+3.6%-70.4% +86.3%
3 years, per year +30.5%+1.2%-33.4% +23.1%
5 years -79.7%-0.5%-91.5% +68.6%
5 years, per year -27.3%-0.1%-39.0% +11.0%
10 years —+196.4%— +258.0%
10 years, per year —+11.5%— +13.6%

Risk

MeasureTLSTRICLVTSPY
Volatility, 1Y 66.0%51.7%74.8% 12.7%
Downside volatility, 1Y 72.1%52.2%72.4% 12.7%
Beta vs S&P 500, 1Y 1.480.180.80 1.00
Return / volatility, 1Y -0.45-0.48-0.65 1.02
Max drawdown, 5Y -94.0%-64.3%-94.3% -25.4%
From 52-week high -32.7%-24.8%-50.0% -1.8%
52-week high $7.76$162.38$3.76 $779.14
52-week low $3.88$76.55$1.45 $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.

MultipleTLSTRICLVT
P/E now vs peer median -24.8xmedian 28.8x 33.8xmedian 28.8x -3.6xmedian 28.8x
P/S now vs peer median 2.0xmedian 2.8x 6.9xmedian 2.8x 0.5xmedian 2.8x
EV/EBITDA now vs peer median -58.8xmedian 17.7x 27.0xmedian 17.7x 7.8xmedian 17.7x
P/FCF now vs peer median 11.6xmedian 15.8x 17.0xmedian 15.8x 3.7xmedian 15.8x
P/B now vs peer median 4.2xmedian 3.2x 4.9xmedian 3.2x 0.3xmedian 3.2x
PEG now vs peer median -0.82median 0.85 3.26median 0.85 -0.06median 0.85

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 monthsTLSTRICLVT
Revenue $193.71M $7.83B $2.41B
Gross profit $70.97M – $1.61B
Operating income -$19.21M $2.33B -$84.60M
Net income -$15.74M $1.68B -$334.00M
Free cash flow $33.74M $3.19B $327.60M
R&D $6.68M – –
EPS (diluted) $-0.20 $3.61 $-0.52
Cash & equivalents $50.65M $577.00M $217.70M
Total debt – $3.26B $4.21B
Shares (diluted) 77.55M 449.53M 639.40M
Enterprise value $206.68M $49.05B $52.71M

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
MetricTLSTRICLVT
P/E -24.8x 33.8x -3.6x
P/FCF 11.6x 17.0x 3.7x
P/Operating cash flow 11.3x 18.8x 2.1x
P/S 2.0x 6.9x 0.5x
P/B 4.2x 4.9x 0.3x
P/Tangible book 6.1x 6.7x -0.4x
EV/EBITDA -58.8x 27.0x 7.8x
EV/EBIT -17.7x 24.4x -61.4x
EV/Revenue 1.8x 7.3x 2.2x
EV/FCF 10.1x 17.8x 15.9x
EV/Operating cash flow 9.8x 19.7x 9.0x
PEG (3Y EPS CAGR) -0.82 3.26 -0.06

Growth

14 metrics
MetricTLSTRICLVT
Revenue growth (1Y) 65.9% 7.0% -3.5%
Revenue CAGR (3Y) 2.7% 5.2% -2.6%
Gross profit growth (1Y) 87.4% – -2.4%
Gross profit CAGR (3Y) 2.9% – -1.6%
Operating income growth (1Y) 66.7% 9.1% -55.2%
Operating income CAGR (3Y) 25.2% -0.5% 72.6%
Net income growth (1Y) 71.6% 4.7% 22.9%
Net income CAGR (3Y) 27.6% -6.8% 56.9%
EPS growth (1Y) 73.2% 8.4% 17.9%
EPS CAGR (3Y) 30.2% 10.4% 56.4%
Operating cash flow growth (1Y) 862.1% 14.5% -9.1%
Operating cash flow CAGR (3Y) 102.6% 10.1% -7.9%
Free cash flow growth (1Y) 602.2% 13.0% -5.3%
Free cash flow CAGR (3Y) 112.3% 9.0% -13.4%

Profitability

14 metrics
MetricTLSTRICLVT
Gross margin 36.6% – 66.8%
EBITDA margin -3.0% 26.9% 27.6%
Operating margin -9.9% 29.7% -3.5%
Pretax margin -8.5% 46.5% -14.0%
Net margin -8.1% 20.7% -13.8%
FCF margin 17.4% 40.7% 13.6%
Operating cash flow margin 17.9% 36.9% 23.8%
Return on equity -16.6% – -7.2%
Return on assets -11.3% – -3.1%
Return on invested capital – – -0.9%
Return on capital employed -19.4% – -0.9%
Asset turnover 1.4x – 0.2x
Cash conversion (OCF / net income) -2.2x 1.7x -1.7x
Stock comp / revenue 11.1% – 2.6%

Financial Health

11 metrics
MetricTLSTRICLVT
Debt / assets – 18.0% 40.2%
Debt / equity – 0.3x 0.9x
Net debt / EBITDA – 1.2x 6.0x
Debt / FCF – 1.0x 12.9x
Liabilities / assets 33.2% 38.5% 56.7%
Equity / assets 66.8% 61.5% 43.3%
Interest coverage -39.8x 116.5x –
Current ratio 2.4x 0.5x 0.8x
Quick ratio 1.8x -2.5x 0.7x
Cash ratio 1.2x 0.2x 0.2x
Altman Z-score 2.85 6.10 -0.75

Shareholder Returns

7 metrics
MetricTLSTRICLVT
Dividend yield – 3.3% –
Net buyback yield 4.2% -2.1% 11.9%
Shareholder yield 4.2% 1.1% 11.9%
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.

ConsensusTLSTRICLVT
Forward P/E 30.7xFY2026 27.3xFY2026 2.6xFY2026
EPS, next fiscal year $0.17FY2026 $4.47FY2026 $0.72FY2026
EPS growth, next FY +88.9%FY2026 +12.6%FY2026 +4.3%FY2026
EPS growth, the year after +23.5% +8.1% +11.1%
Revenue, next fiscal year $179.38MFY2026 $7.73BFY2026 $2.19BFY2026
Revenue growth, next FY +8.8%FY2026 +3.8%FY2026 -11.0%FY2026
Revenue growth, the year after +4.7% +15.5% +6.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTLSTRICLVT
Held by institutions 67.4% 90.1% 91.1%
Institutions holding 155 421 242
Change in shares held, QoQ +4.5% +0.6% +1.7%
Institutions buying 99 408 129
Institutions selling 40 9 81
Buyers to sellers 2.48 45.33 1.59

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.

TLSTRICLVT
TLS 1.00 0.24 0.19
TRI 0.24 1.00 0.57
CLVT 0.19 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TLS, TRI and CLVT?

Thomson Reuters (TRI) is the largest by market capitalisation: Telos (TLS) $419.79M, Thomson Reuters (TRI) $52.26B, Clarivate (CLVT) $1.16B.

Which company is growing faster?

Telos (TLS) grew revenue fastest over the trailing twelve months: Telos (TLS) +65.9%, Thomson Reuters (TRI) +7.0%, Clarivate (CLVT) -3.5%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (Telos (TLS) -8.1%, Thomson Reuters (TRI) 20.7%, Clarivate (CLVT) -13.8%).

Which stock has performed better?

Over the past year Thomson Reuters (TRI) returned the most: Telos (TLS) -29.6%, Thomson Reuters (TRI) -24.9%, Clarivate (CLVT) -48.5%. Over five years, Thomson Reuters (TRI) compounded fastest (Telos (TLS) -27.3%/yr, Thomson Reuters (TRI) -0.1%/yr, Clarivate (CLVT) -39.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Thomson Reuters (TRI) has been the steadiest (Telos (TLS) 66.0%, Thomson Reuters (TRI) 51.7%, Clarivate (CLVT) 74.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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.