TRI vs CALX vs RELX Stock Comparison

Thomson Reuters, Calix and Relx Prices as of Oct 26, 2026 Peers: Industry group
TRI Thomson Reuters Corp /Can/
$122.08 +23.3% 1M -24.9% 1Y
Market cap
$54.32B
P/E
33.8x
Revenue (TTM)
$7.83B
Div. yield
3.29%
Compliance Software Technology
3 wins
CALX Calix, Inc
$37.69 +13.7% 1M -38.5% 1Y
Market cap
$2.37B
P/E
46.8x
Revenue (TTM)
$1.11B
Div. yield
–
Networking Equipment Technology
2 wins
RELX Relx Plc
$40.17 +19.9% 1M -13.7% 1Y
Market cap
$73.07B
P/E
–
Revenue (TTM)
—
Div. yield
2.27%
Analytics and BI Technology
5 wins

Head to Head

10 decided of 12

Relx leads on 5 of the 12 questions below (Relx 5, Thomson Reuters 3, Calix 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTRICALXRELXLeader
Larger companyMarket capitalisation $54.32B $2.37B $73.07B RELX
Cheaper on earningsLower P/E, profitable companies only 33.8x 46.8x — TRI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.3x 23.3x 22.3x RELX
Faster revenue growthRevenue growth, trailing twelve months +7.0% +27.8% — CALX
More profitableNet margin, trailing twelve months 20.7% 4.6% — TRI
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA 1.2x — — –
Higher dividend yieldTrailing dividend yield 3.29% — 2.27% TRI
Better 1-year returnPrice return, last 12 months -24.9% -38.5% -13.7% RELX
Better 5-year returnAnnualised price return, 5 years -0.1%/yr -8.5%/yr +5.3%/yr RELX
Less volatileAnnualised volatility, 1 year 51.7% 41.6% 35.3% RELX
Higher overall scoreMean of the five percentile scores vs peers 56/100 76/100 — CALX

Percentile Scorecard

TRICALXRELX

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

AxisTRICALXRELX
Valuation 49 #53 of 102 59 #46 of 111 –
Growth 28 #71 of 98 81 #21 of 108 –
Profitability 99 #2 of 95 65 #37 of 104 –
Financial Health 66 #38 of 109 75 #29 of 115 19 #89 of 109
Shareholder Returns 38 #40 of 64 98 #3 of 81 52 #31 of 64
Overall 56 76 –
  • TRI ranked among 115 companies in Business Applications
  • CALX ranked among 121 companies in Computer Hardware
  • RELX ranked among 115 companies in Business Applications

Price Performance

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

Returns

PeriodTRICALXRELXSPY
1 month +23.3%+13.7%+19.9% -0.8%
3 months +24.9%+2.2%+12.7% +3.5%
6 months +37.1%-11.6%+10.4% +7.0%
Year to date -7.4%-28.8%-0.6% +12.2%
1 year -24.9%-38.5%-13.7% +13.0%
3 years +3.6%+15.2%+17.9% +86.3%
3 years, per year +1.2%+4.8%+5.6% +23.1%
5 years -0.5%-35.9%+29.7% +68.6%
5 years, per year -0.1%-8.5%+5.3% +11.0%
10 years +196.4%+493.5%+126.3% +258.0%
10 years, per year +11.5%+19.5%+8.5% +13.6%

Risk

MeasureTRICALXRELXSPY
Volatility, 1Y 51.7%41.6%35.3% 12.7%
Downside volatility, 1Y 52.2%44.0%36.0% 12.7%
Beta vs S&P 500, 1Y 0.180.880.20 1.00
Return / volatility, 1Y -0.48-0.92-0.39 1.02
Max drawdown, 5Y -64.3%-65.3%-50.2% -25.4%
From 52-week high -24.8%-44.9%-13.9% -1.8%
52-week high $162.38$68.42$46.64 $779.14
52-week low $76.55$33.15$27.73 $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.

MultipleTRICALXRELX
P/E now vs peer median 33.8xmedian 28.8x 46.8xmedian 32.0x —median 28.8x
P/S now vs peer median 6.9xmedian 2.8x 2.1xmedian 2.8x —median 2.8x
EV/EBITDA now vs peer median 27.0xmedian 17.7x 27.5xmedian 19.4x —median 17.7x
P/FCF now vs peer median 17.0xmedian 15.8x 27.8xmedian 29.0x —median 15.8x
P/B now vs peer median 4.9xmedian 3.2x 3.3xmedian 2.9x 43.9xmedian 3.2x
PEG now vs peer median 3.26median 0.85 6.61median 1.13 —median 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 monthsTRICALXRELX
Revenue $7.83B $1.11B –
Gross profit – $628.73M –
Operating income $2.33B $61.25M –
Net income $1.68B $51.19M –
Free cash flow $3.19B $85.42M –
R&D – $207.99M –
EPS (diluted) $3.61 $0.78 –
Cash & equivalents $577.00M $68.91M $291.59M
Total debt $3.26B – $3.11B
Shares (diluted) 449.53M 65.51M 1.84B
Enterprise value $51.10B $1.21B $72.19B

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
MetricTRICALXRELX
P/E 33.8x 46.8x –
P/FCF 17.0x 27.8x –
P/Operating cash flow 18.8x 21.7x –
P/S 6.9x 2.1x –
P/B 4.9x 3.3x 43.9x
P/Tangible book 6.7x 3.3x -29.7x
EV/EBITDA 27.0x 27.5x –
EV/EBIT 24.4x 35.6x –
EV/Revenue 7.3x 2.0x –
EV/FCF 17.8x 25.5x –
EV/Operating cash flow 19.7x 19.9x –
PEG (3Y EPS CAGR) 3.26 6.61 –

Growth

14 metrics
MetricTRICALXRELX
Revenue growth (1Y) 7.0% 27.8% –
Revenue CAGR (3Y) 5.2% 3.9% –
Gross profit growth (1Y) – 30.3% –
Gross profit CAGR (3Y) – 7.4% –
Operating income growth (1Y) 9.1% 273.3% –
Operating income CAGR (3Y) -0.5% 3.8% –
Net income growth (1Y) 4.7% 290.5% –
Net income CAGR (3Y) -6.8% 4.9% –
EPS growth (1Y) 8.4% 287.6% –
EPS CAGR (3Y) 10.4% 7.1% –
Operating cash flow growth (1Y) 14.5% 24.5% –
Operating cash flow CAGR (3Y) 10.1% 41.8% –
Free cash flow growth (1Y) 13.0% 19.4% –
Free cash flow CAGR (3Y) 9.0% 62.0% –

Profitability

14 metrics
MetricTRICALXRELX
Gross margin – 56.6% –
EBITDA margin 26.9% 7.1% –
Operating margin 29.7% 5.5% –
Pretax margin 46.5% 6.5% –
Net margin 20.7% 4.6% –
FCF margin 40.7% 7.7% –
Operating cash flow margin 36.9% 9.9% –
Return on equity – 7.1% –
Return on assets – 5.4% –
Return on invested capital – – –
Return on capital employed – 8.2% –
Asset turnover – 1.2x –
Cash conversion (OCF / net income) 1.7x 2.1x –
Stock comp / revenue – 7.2% –

Financial Health

11 metrics
MetricTRICALXRELX
Debt / assets 18.0% – 15.6%
Debt / equity 0.3x – 1.9x
Net debt / EBITDA 1.2x – –
Debt / FCF 1.0x – –
Liabilities / assets 38.5% 25.6% 91.7%
Equity / assets 61.5% 74.4% 8.3%
Interest coverage 116.5x – –
Current ratio 0.5x 2.8x –
Quick ratio -2.5x 1.6x 0.4x
Cash ratio 0.2x 0.9x 0.0x
Altman Z-score 6.10 7.18 –

Shareholder Returns

7 metrics
MetricTRICALXRELX
Dividend yield 3.3% – 2.3%
Net buyback yield -2.1% 8.1% –
Shareholder yield 1.1% 8.1% 2.3%
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.

ConsensusTRICALXRELX
Forward P/E 27.3xFY2026 23.3xFY2026 22.3xFY2026
EPS, next fiscal year $4.48FY2026 $1.62FY2026 $1.80FY2026
EPS growth, next FY +12.8%FY2026 +20.9%FY2026 +2.9%FY2026
EPS growth, the year after +7.8% +48.1% +20.0%
Revenue, next fiscal year $7.75BFY2026 $1.11BFY2026 $13.74BFY2026
Revenue growth, next FY +4.0%FY2026 +11.0%FY2026 +5.0%FY2026
Revenue growth, the year after +15.6% +18.8% +0.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTRICALXRELX
Held by institutions 90.1% 94.5% 4.7%
Institutions holding 421 288 439
Change in shares held, QoQ +0.6% +0.5% +0.2%
Institutions buying 408 148 220
Institutions selling 9 111 157
Buyers to sellers 45.33 1.33 1.40

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.

TRICALXRELX
TRI 1.00 0.14 0.69
CALX 0.14 1.00 0.13
RELX 0.69 0.13 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TRI, CALX and RELX?

Relx (RELX) is the largest by market capitalisation: Thomson Reuters (TRI) $54.32B, Calix (CALX) $2.37B, Relx (RELX) $73.07B.

Which stock is cheaper, TRI, CALX and RELX?

Thomson Reuters (TRI) trades on the lowest price-to-earnings ratio (Thomson Reuters (TRI) 33.8x, Calix (CALX) 46.8x). On next year's consensus earnings, Relx (RELX) is cheapest (Thomson Reuters (TRI) 27.3x, Calix (CALX) 23.3x, Relx (RELX) 22.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Calix (CALX) grew revenue fastest over the trailing twelve months: Thomson Reuters (TRI) +7.0%, Calix (CALX) +27.8%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (Thomson Reuters (TRI) 20.7%, Calix (CALX) 4.6%).

Which stock has performed better?

Over the past year Relx (RELX) returned the most: Thomson Reuters (TRI) -24.9%, Calix (CALX) -38.5%, Relx (RELX) -13.7%. Over five years, Relx (RELX) compounded fastest (Thomson Reuters (TRI) -0.1%/yr, Calix (CALX) -8.5%/yr, Relx (RELX) +5.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Thomson Reuters (TRI) has the highest dividend yield: Thomson Reuters (TRI) 3.29%, Relx (RELX) 2.27%. Calix (CALX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Relx (RELX) has been the steadiest (Thomson Reuters (TRI) 51.7%, Calix (CALX) 41.6%, Relx (RELX) 35.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TRI, CALX and RELX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Relx (RELX) leads on 5. 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.