TRI vs WK vs LAW Stock Comparison

Thomson Reuters, Workiva and CS Disco Prices as of Oct 23, 2026 Peers: Industry group
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
WK Workiva Inc
$85.76 +21.1% 1M -4.4% 1Y
Market cap
$4.81B
P/E
102.2x
Revenue (TTM)
$965.70M
Div. yield
–
Compliance Software Technology
6 wins
LAW CS Disco, Inc.
$5.05 +19.1% 1M -27.8% 1Y
Market cap
$321.16M
P/E
–
Revenue (TTM)
$167.12M
Div. yield
–
Compliance Software Technology

Head to Head

10 decided of 12

Workiva leads on 6 of the 12 questions below (Workiva 6, Thomson Reuters 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTRIWKLAWLeader
Larger companyMarket capitalisation $54.80B $4.81B $321.16M TRI
Cheaper on earningsLower P/E, profitable companies only 33.8x 102.2x -7.9x TRI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.4x 23.9x — WK
Faster revenue growthRevenue growth, trailing twelve months +7.0% +19.7% +12.9% WK
More profitableNet margin, trailing twelve months 20.7% 4.9% -24.2% TRI
Better return on capitalReturn on invested capital — 173.8% — –
Less leveragedLower net debt / EBITDA 1.2x -16.7x — WK
Higher dividend yieldTrailing dividend yield -0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -24.6% -4.4% -27.8% WK
Better 5-year returnAnnualised price return, 5 years -0.1%/yr -10.5%/yr -36.2%/yr TRI
Less volatileAnnualised volatility, 1 year 51.6% 45.5% 77.4% WK
Higher overall scoreMean of the five percentile scores vs peers 56/100 66/100 44/100 WK

Percentile Scorecard

TRIWKLAW

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

AxisTRIWKLAW
Valuation 49 #52 of 101 50 #51 of 101 25 #76 of 101
Growth 28 #70 of 97 97 #4 of 97 51 #48 of 97
Profitability 99 #2 of 94 67 #32 of 94 31 #65 of 94
Financial Health 67 #37 of 109 68 #36 of 109 91 #11 of 109
Shareholder Returns 37 #41 of 64 48 #34 of 64 24 #49 of 64
Overall 56 66 44
  • TRI ranked among 114 companies in Business Applications
  • WK ranked among 114 companies in Business Applications
  • LAW ranked among 114 companies in Business Applications

Price Performance

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

Returns

PeriodTRIWKLAWSPY
1 month +25.1%+21.1%+19.1% -1.0%
3 months +36.6%+63.5%+43.5% +2.9%
6 months +37.2%+61.4%+22.3% +6.4%
Year to date -6.6%-0.6%-34.9% +11.4%
1 year -24.6%-4.4%-27.8% +13.1%
3 years +0.2%-14.3%-13.8% +79.4%
3 years, per year +0.1%-5.0%-4.8% +21.5%
5 years -0.3%-42.7%-89.4% +67.7%
5 years, per year -0.1%-10.5%-36.2% +10.9%
10 years +198.5%+415.1%— +255.2%
10 years, per year +11.6%+17.8%— +13.5%

Risk

MeasureTRIWKLAWSPY
Volatility, 1Y 51.6%45.5%77.4% 12.7%
Downside volatility, 1Y 51.9%44.1%85.1% 12.7%
Beta vs S&P 500, 1Y 0.180.040.34 1.00
Return / volatility, 1Y -0.48-0.10-0.36 1.03
Max drawdown, 5Y -64.3%-72.5%-95.2% -25.4%
From 52-week high -24.6%-8.1%-43.3% -2.5%
52-week high $163.45$93.31$8.91 $779.14
52-week low $76.55$44.31$2.76 $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.

MultipleTRIWKLAW
P/E now vs peer median 34.1xmedian 29.9x 101.4xmedian 29.9x -8.1xmedian 29.9x
P/S now vs peer median 7.0xmedian 2.8x 4.8xmedian 2.8x 2.0xmedian 2.8x
EV/EBITDA now vs peer median 27.2xmedian 17.4x 87.6xmedian 17.4x -5.7xmedian 17.4x
P/FCF now vs peer median 17.2xmedian 16.9x 23.1xmedian 16.9x -20.0xmedian 16.9x
P/B now vs peer median 4.9xmedian 3.1x -47.8xmedian 3.1x 2.7xmedian 3.1x
PEG now vs peer median 3.29median 0.86 2.98median 0.86 -0.40median 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 monthsTRIWKLAW
Revenue $7.83B $965.70M $167.12M
Gross profit – $774.58M $125.05M
Operating income $2.33B $31.45M -$43.01M
Net income $1.68B $47.04M -$40.44M
Free cash flow $3.19B $200.52M -$16.39M
R&D – $216.63M $58.00M
EPS (diluted) $3.61 $0.84 $-0.63
Cash & equivalents $577.00M $252.48M $10.89M
Total debt $3.26B $284.42M –
Shares (diluted) 449.53M 56.06M 64.49M
Enterprise value $51.58B $1.38B -$111.36M

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
MetricTRIWKLAW
P/E 34.1x 101.4x -8.1x
P/FCF 17.2x 23.1x -20.0x
P/Operating cash flow 19.0x 23.0x -25.2x
P/S 7.0x 4.8x 2.0x
P/B 4.9x -47.8x 2.7x
P/Tangible book 6.8x -39.7x 2.7x
EV/EBITDA 27.2x 87.6x -5.7x
EV/EBIT 24.6x 123.9x -5.3x
EV/Revenue 7.3x 4.0x 1.4x
EV/FCF 18.0x 19.4x -13.8x
EV/Operating cash flow 19.9x 19.3x -17.4x
PEG (3Y EPS CAGR) 3.29 2.98 -0.40

Growth

14 metrics
MetricTRIWKLAW
Revenue growth (1Y) 7.0% 19.7% 12.9%
Revenue CAGR (3Y) 5.2% 18.4% 7.5%
Gross profit growth (1Y) – 25.0% 14.1%
Gross profit CAGR (3Y) – 21.0% 7.6%
Operating income growth (1Y) 9.1% 138.3% 30.0%
Operating income CAGR (3Y) -0.5% 31.6% 18.5%
Net income growth (1Y) 4.7% 170.7% 28.5%
Net income CAGR (3Y) -6.8% 34.4% 18.3%
EPS growth (1Y) 8.4% 170.7% 32.1%
EPS CAGR (3Y) 10.4% 34.1% 20.3%
Operating cash flow growth (1Y) 14.5% 90.8% 16.2%
Operating cash flow CAGR (3Y) 10.1% 79.1% 34.2%
Free cash flow growth (1Y) 13.0% 94.6% 11.0%
Free cash flow CAGR (3Y) 9.0% 84.3% 31.3%

Profitability

14 metrics
MetricTRIWKLAW
Gross margin – 80.2% 74.8%
EBITDA margin 26.9% 4.6% -23.7%
Operating margin 29.7% 3.3% -25.7%
Pretax margin 46.5% 5.4% -23.8%
Net margin 20.7% 4.9% -24.2%
FCF margin 40.7% 20.8% -9.8%
Operating cash flow margin 36.9% 20.9% -7.8%
Return on equity – – -33.1%
Return on assets – 3.4% -25.0%
Return on invested capital – 173.8% –
Return on capital employed – 4.6% -34.6%
Asset turnover – 0.7x 1.0x
Cash conversion (OCF / net income) 1.7x 4.3x 0.3x
Stock comp / revenue – 12.9% 13.5%

Financial Health

11 metrics
MetricTRIWKLAW
Debt / assets 18.0% 5.2% –
Debt / equity 0.3x -0.7x –
Net debt / EBITDA 1.2x -16.7x –
Debt / FCF 1.0x 0.4x –
Liabilities / assets 38.5% 107.1% 25.5%
Equity / assets 61.5% -7.1% 74.5%
Interest coverage 116.5x 2.5x –
Current ratio 0.5x 1.5x 3.8x
Quick ratio -2.5x 1.3x 3.7x
Cash ratio 0.2x 1.1x 2.7x
Altman Z-score 6.14 2.25 2.57

Shareholder Returns

7 metrics
MetricTRIWKLAW
Dividend yield 3.3% – –
Net buyback yield -2.1% 3.8% 0.0%
Shareholder yield 1.1% 3.8% 0.0%
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.

ConsensusTRIWKLAW
Forward P/E 27.4xFY2026 23.9xFY2026 –
EPS, next fiscal year $4.50FY2026 $3.59FY2026 $-0.14FY2026
EPS growth, next FY +13.4%FY2026 +101.7%FY2026 –
EPS growth, the year after +7.6% +17.8% –
Revenue, next fiscal year $7.76BFY2026 $1.01BFY2026 $183.94MFY2026
Revenue growth, next FY +4.1%FY2026 +14.5%FY2026 +17.3%FY2026
Revenue growth, the year after +15.1% +25.9% +2.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTRIWKLAW
Held by institutions 90.1% 88.9% 54.6%
Institutions holding 421 305 119
Change in shares held, QoQ +0.6% +1.4% -0.5%
Institutions buying 408 184 66
Institutions selling 9 86 31
Buyers to sellers 45.33 2.14 2.13

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.

TRIWKLAW
TRI 1.00 0.60 0.42
WK 0.60 1.00 0.57
LAW 0.42 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TRI, WK and LAW?

Thomson Reuters (TRI) is the largest by market capitalisation: Thomson Reuters (TRI) $54.80B, Workiva (WK) $4.81B, CS Disco (LAW) $321.16M.

Which stock is cheaper, TRI, WK and LAW?

Thomson Reuters (TRI) trades on the lowest price-to-earnings ratio (Thomson Reuters (TRI) 33.8x, Workiva (WK) 102.2x, CS Disco (LAW) -7.9x). On next year's consensus earnings, Workiva (WK) is cheapest (Thomson Reuters (TRI) 27.4x, Workiva (WK) 23.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Workiva (WK) grew revenue fastest over the trailing twelve months: Thomson Reuters (TRI) +7.0%, Workiva (WK) +19.7%, CS Disco (LAW) +12.9%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (Thomson Reuters (TRI) 20.7%, Workiva (WK) 4.9%, CS Disco (LAW) -24.2%).

Which stock has performed better?

Over the past year Workiva (WK) returned the most: Thomson Reuters (TRI) -24.6%, Workiva (WK) -4.4%, CS Disco (LAW) -27.8%. Over five years, Thomson Reuters (TRI) compounded fastest (Thomson Reuters (TRI) -0.1%/yr, Workiva (WK) -10.5%/yr, CS Disco (LAW) -36.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Workiva (WK) has been the steadiest (Thomson Reuters (TRI) 51.6%, Workiva (WK) 45.5%, CS Disco (LAW) 77.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TRI, WK and LAW?

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