TRI vs USDW vs NOW Stock Comparison

Thomson Reuters, Made In Usa and ServiceNow Prices as of Oct 26, 2026 Peers: Industry group
TRI Thomson Reuters Corp /Can/
$122.08 +23.3% 1M -24.9% 1Y
Market cap
$52.77B
P/E
32.6x
Revenue (TTM)
$7.83B
Div. yield
-0.01%
Compliance Software Technology
5 wins
USDW Made In Usa Inc.
$5.00 0.0% 1M +861.5% 1Y
Market cap
$89.81M
P/E
–
Revenue (TTM)
$1.10K
Div. yield
–
Compliance Software Technology
1 win
NOW ServiceNow, Inc.
$158.19 +16.6% 1M -15.0% 1Y
Market cap
$159.19B
P/E
95.3x
Revenue (TTM)
$14.73B
Div. yield
–
Business Process Automation Technology
4 wins

Head to Head

10 decided of 12

Thomson Reuters leads on 5 of the 12 questions below (Thomson Reuters 5, ServiceNow 4, Made In Usa 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTRIUSDWNOWLeader
Larger companyMarket capitalisation $52.77B $89.81M $159.19B NOW
Cheaper on earningsLower P/E, profitable companies only 32.6x -83,859x 95.3x TRI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.3x — 41.1x TRI
Faster revenue growthRevenue growth, trailing twelve months +7.0% -98.1% +22.2% NOW
More profitableNet margin, trailing twelve months 20.7% -1,043.0% 11.3% TRI
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA 1.2x — 0.8x NOW
Higher dividend yieldTrailing dividend yield -0.01% — 0.00% –
Better 1-year returnPrice return, last 12 months -24.9% +861.5% -15.0% USDW
Better 5-year returnAnnualised price return, 5 years -0.1%/yr — +3.5%/yr NOW
Less volatileAnnualised volatility, 1 year 51.7% — 58.8% TRI
Higher overall scoreMean of the five percentile scores vs peers 56/100 15/100 52/100 TRI

Percentile Scorecard

TRIUSDWNOW

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

AxisTRIUSDWNOW
Valuation 49 #53 of 102 8 #94 of 102 28 #74 of 102
Growth 28 #71 of 98 13 #85 of 98 58 #42 of 98
Profitability 99 #2 of 95 22 #74 of 95 82 #18 of 95
Financial Health 66 #38 of 109 – 50 #55 of 109
Shareholder Returns 38 #40 of 64 – 41 #38 of 64
Overall 56 15 52
  • TRI ranked among 115 companies in Business Applications
  • USDW ranked among 115 companies in Business Applications
  • NOW ranked among 115 companies in Business Applications

Price Performance

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

Returns

PeriodTRIUSDWNOWSPY
1 month +23.3%0.0%+16.6% -0.8%
3 months +24.9%+861.5%+49.9% +3.5%
6 months +37.1%+861.5%+74.9% +7.0%
Year to date -7.4%+861.5%+3.3% +12.2%
1 year -24.9%+861.5%-15.0% +13.0%
3 years +3.6%—+42.8% +86.3%
3 years, per year +1.2%—+12.6% +23.1%
5 years -0.5%—+19.0% +68.6%
5 years, per year -0.1%—+3.5% +11.0%
10 years +196.4%—+902.5% +258.0%
10 years, per year +11.5%—+25.9% +13.6%

Risk

MeasureTRIUSDWNOWSPY
Volatility, 1Y 51.7%—58.8% 12.7%
Downside volatility, 1Y 52.2%—61.5% 12.7%
Beta vs S&P 500, 1Y 0.18—0.62 1.00
Return / volatility, 1Y -0.48—-0.25 1.02
Max drawdown, 5Y -64.3%0.0%-64.5% -25.4%
From 52-week high -24.8%0.0%-16.4% -1.8%
52-week high $162.38$5.00$189.26 $779.14
52-week low $76.55$5.00$83.00 $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.

MultipleTRIUSDWNOW
P/E now vs peer median 33.8xmedian 28.8x -83,859xmedian 28.8x 97.7xmedian 28.8x
P/S now vs peer median 6.9xmedian 2.8x 3,514xmedian 2.8x 11.1xmedian 2.8x
EV/EBITDA now vs peer median 27.0xmedian 17.7x —median 17.7x 48.7xmedian 17.7x
P/FCF now vs peer median 17.0xmedian 15.8x -1,618xmedian 15.8x 35.7xmedian 15.8x
P/B now vs peer median 4.9xmedian 3.2x 3.6xmedian 3.2x 13.1xmedian 3.2x
PEG now vs peer median 3.26median 0.85 -3,030median 0.85 18.80median 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 monthsTRIUSDWNOW
Revenue $7.83B $1.10K $14.73B
Gross profit – $1.10K $11.02B
Operating income $2.33B -$11.67K $1.68B
Net income $1.68B -$11.47K $1.67B
Free cash flow $3.19B -$25.00M $4.58B
R&D – – $3.26B
EPS (diluted) $3.61 $0.00 $1.61
Cash & equivalents $577.00M – $2.50B
Total debt $3.26B – $7.52B
Shares (diluted) 449.53M 22.96M 1.03B
Enterprise value $49.55B $89.81M $137.65B

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
MetricTRIUSDWNOW
P/E 33.8x -83,859x 97.7x
P/FCF 17.0x -1,618x 35.7x
P/Operating cash flow 18.8x -3.6x 30.8x
P/S 6.9x 3,514x 11.1x
P/B 4.9x 3.6x 13.1x
P/Tangible book 6.7x -144,394x 18.7x
EV/EBITDA 27.0x – 48.7x
EV/EBIT 24.4x -7,694x 99.1x
EV/Revenue 7.3x 81,648x 11.3x
EV/FCF 17.8x -3.6x 36.3x
EV/Operating cash flow 19.7x -3.6x 31.4x
PEG (3Y EPS CAGR) 3.26 -3,030 18.80

Growth

14 metrics
MetricTRIUSDWNOW
Revenue growth (1Y) 7.0% -98.1% 22.2%
Revenue CAGR (3Y) 5.2% – 22.5%
Gross profit growth (1Y) – -98.1% 16.4%
Gross profit CAGR (3Y) – – 20.5%
Operating income growth (1Y) 9.1% 50.9% 4.9%
Operating income CAGR (3Y) -0.5% – 49.1%
Net income growth (1Y) 4.7% 51.7% 0.5%
Net income CAGR (3Y) -6.8% -20.2% 5.5%
EPS growth (1Y) 8.4% 85.9% 1.7%
EPS CAGR (3Y) 10.4% 27.7% 5.2%
Operating cash flow growth (1Y) 14.5% -35,924% 13.0%
Operating cash flow CAGR (3Y) 10.1% -928.2% 22.2%
Free cash flow growth (1Y) 13.0% -26,667% 19.0%
Free cash flow CAGR (3Y) 9.0% -928.2% 25.7%

Profitability

14 metrics
MetricTRIUSDWNOW
Gross margin – 100.0% 74.8%
EBITDA margin 26.9% – 23.2%
Operating margin 29.7% -1,061% 11.4%
Pretax margin 46.5% -1,043% 15.9%
Net margin 20.7% -1,043% 11.3%
FCF margin 40.7% -2,272,784% 31.1%
Operating cash flow margin 36.9% -2,272,784% 36.0%
Return on equity – -0.1% 13.8%
Return on assets – -0.1% 6.0%
Return on invested capital – – –
Return on capital employed – -0.1% 10.6%
Asset turnover – 0.0x 0.5x
Cash conversion (OCF / net income) 1.7x 2,179x 3.2x
Stock comp / revenue – – 12.3%

Financial Health

11 metrics
MetricTRIUSDWNOW
Debt / assets 18.0% – 23.7%
Debt / equity 0.3x – 0.6x
Net debt / EBITDA 1.2x – 0.8x
Debt / FCF 1.0x – 1.6x
Liabilities / assets 38.5% 0.0% 60.5%
Equity / assets 61.5% 100.0% 39.5%
Interest coverage 116.5x – –
Current ratio 0.5x – 0.7x
Quick ratio -2.5x – 0.6x
Cash ratio 0.2x – 0.4x
Altman Z-score 6.10 – 5.89

Shareholder Returns

7 metrics
MetricTRIUSDWNOW
Dividend yield 3.3% – –
Net buyback yield -2.1% – 1.9%
Shareholder yield 1.1% – 1.9%
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.

ConsensusTRIUSDWNOW
Forward P/E 27.3xFY2026 – 41.1xFY2026
EPS, next fiscal year $4.48FY2026 – $3.85FY2026
EPS growth, next FY +12.8%FY2026 – +9.7%FY2026
EPS growth, the year after +7.8% – +27.3%
Revenue, next fiscal year $7.75BFY2026 – $15.24BFY2026
Revenue growth, next FY +4.0%FY2026 – +14.8%FY2026
Revenue growth, the year after +15.6% – +17.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTRIUSDWNOW
Held by institutions 90.1% – 81.6%
Institutions holding 421 – 2,224
Change in shares held, QoQ +0.6% – -2.1%
Institutions buying 408 – 1,285
Institutions selling 9 – 779
Buyers to sellers 45.33 – 1.65

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.

TRIUSDWNOW
TRI 1.00 – 0.59
USDW – – –
NOW 0.59 – 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TRI, USDW and NOW?

ServiceNow (NOW) is the largest by market capitalisation: Thomson Reuters (TRI) $52.77B, Made In Usa (USDW) $89.81M, ServiceNow (NOW) $159.19B.

Which stock is cheaper, TRI, USDW and NOW?

Thomson Reuters (TRI) trades on the lowest price-to-earnings ratio (Thomson Reuters (TRI) 32.6x, Made In Usa (USDW) -83,859x, ServiceNow (NOW) 95.3x). On next year's consensus earnings, Thomson Reuters (TRI) is cheapest (Thomson Reuters (TRI) 27.3x, ServiceNow (NOW) 41.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

ServiceNow (NOW) grew revenue fastest over the trailing twelve months: Thomson Reuters (TRI) +7.0%, Made In Usa (USDW) -98.1%, ServiceNow (NOW) +22.2%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (Thomson Reuters (TRI) 20.7%, Made In Usa (USDW) -1,043.0%, ServiceNow (NOW) 11.3%).

Which stock has performed better?

Over the past year Made In Usa (USDW) returned the most: Thomson Reuters (TRI) -24.9%, Made In Usa (USDW) +861.5%, ServiceNow (NOW) -15.0%. Over five years, ServiceNow (NOW) compounded fastest (Thomson Reuters (TRI) -0.1%/yr, ServiceNow (NOW) +3.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Thomson Reuters (TRI) has been the steadiest (Thomson Reuters (TRI) 51.7%, ServiceNow (NOW) 58.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TRI, USDW and NOW?

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 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.