VERX vs CLBT vs TRI Stock Comparison

Vertex, Cellebrite DI and Thomson Reuters Prices as of Oct 27, 2026 Peers: Industry group
VERX Vertex, Inc.
$14.80 +30.2% 1M -42.3% 1Y
Market cap
$2.39B
P/E
667.9x
Revenue (TTM)
$787.44M
Div. yield
–
Compliance Software Technology
1 win
CLBT Cellebrite DI Ltd.
$11.93 +10.6% 1M -35.5% 1Y
Market cap
$2.98B
P/E
49.1x
Revenue (TTM)
$514.29M
Div. yield
–
Cybersecurity Software Technology
5 wins
TRI Thomson Reuters Corp /Can/
$116.41 +17.6% 1M -28.3% 1Y
Market cap
$51.80B
P/E
32.2x
Revenue (TTM)
$7.83B
Div. yield
3.45%
Compliance Software Technology
5 wins

Head to Head

11 decided of 12

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

QuestionVERXCLBTTRILeader
Larger companyMarket capitalisation $2.39B $2.98B $51.80B TRI
Cheaper on earningsLower P/E, profitable companies only 667.9x 49.1x 32.2x TRI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.0x 44.2x 26.0x VERX
Faster revenue growthRevenue growth, trailing twelve months +10.8% +17.8% +7.0% CLBT
More profitableNet margin, trailing twelve months 0.5% 11.4% 20.7% TRI
Better return on capitalReturn on invested capital 0.0% 7.9% — CLBT
Less leveragedLower net debt / EBITDA 1.1x -3.5x 1.2x CLBT
Higher dividend yieldTrailing dividend yield — — 3.45% –
Better 1-year returnPrice return, last 12 months -42.3% -35.5% -28.3% TRI
Better 5-year returnAnnualised price return, 5 years -6.3%/yr +1.5%/yr -1.2%/yr CLBT
Less volatileAnnualised volatility, 1 year 62.4% 63.9% 51.8% TRI
Higher overall scoreMean of the five percentile scores vs peers 49/100 71/100 57/100 CLBT

Percentile Scorecard

VERXCLBTTRI

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

AxisVERXCLBTTRI
Valuation 40 #61 of 101 78 #28 of 124 51 #50 of 101
Growth 76 #24 of 97 78 #26 of 113 29 #69 of 97
Profitability 55 #43 of 94 92 #10 of 109 99 #2 of 94
Financial Health 34 #72 of 108 68 #42 of 127 65 #38 of 108
Shareholder Returns 40 #39 of 64 39 #40 of 65 38 #40 of 64
Overall 49 71 57
  • VERX ranked among 114 companies in Business Applications
  • CLBT ranked among 137 companies in Infrastructure Software
  • 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

PeriodVERXCLBTTRISPY
1 month +30.2%+10.6%+17.6% -0.2%
3 months +11.8%-19.7%+12.7% +3.9%
6 months +17.2%-5.9%+29.5% +8.2%
Year to date -25.9%-33.8%-11.7% +12.9%
1 year -42.3%-35.5%-28.3% +12.3%
3 years -35.0%+85.0%-1.2% +87.4%
3 years, per year -13.4%+22.8%-0.4% +23.3%
5 years -27.8%+8.0%-5.7% +67.9%
5 years, per year -6.3%+1.5%-1.2% +10.9%
10 years ——+183.3% +261.1%
10 years, per year ——+11.0% +13.7%

Risk

MeasureVERXCLBTTRISPY
Volatility, 1Y 62.4%63.9%51.8% 12.7%
Downside volatility, 1Y 63.5%70.5%52.4% 12.7%
Beta vs S&P 500, 1Y 0.440.550.16 1.00
Return / volatility, 1Y -0.68-0.56-0.55 0.97
Max drawdown, 5Y -82.1%-65.1%-64.3% -25.4%
From 52-week high -42.3%-38.1%-28.3% -1.2%
52-week high $25.66$19.28$162.38 $779.14
52-week low $10.58$10.44$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.

MultipleVERXCLBTTRI
P/E now vs peer median 667.9xmedian 28.3x 49.1xmedian 38.6x 32.2xmedian 28.3x
P/S now vs peer median 3.0xmedian 2.8x 5.8xmedian 4.4x 6.6xmedian 2.8x
EV/EBITDA now vs peer median 25.4xmedian 17.3x 34.5xmedian 34.5x 25.8xmedian 17.3x
P/FCF now vs peer median 47.3xmedian 15.8x 18.7xmedian 29.4x 16.2xmedian 15.8x
P/B now vs peer median 9.9xmedian 3.2x 5.5xmedian 3.3x 4.7xmedian 3.2x
PEG now vs peer median 23.69median 0.85 1.06median 1.28 3.11median 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 monthsVERXCLBTTRI
Revenue $787.44M $514.29M $7.83B
Gross profit $503.58M $426.66M –
Operating income -$13.34M $55.86M $2.33B
Net income $3.58M $58.76M $1.68B
Free cash flow $50.48M $158.73M $3.19B
R&D $91.60M $129.82M –
EPS (diluted) $0.02 $0.24 $3.61
Cash & equivalents $230.49M $141.25M $577.00M
Total debt $1.35B $71.94M $3.26B
Shares (diluted) 161.39M 249.90M 449.53M
Enterprise value $1.25B $1.72B $48.58B

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
MetricVERXCLBTTRI
P/E 667.9x 49.1x 32.2x
P/FCF 47.3x 18.7x 16.2x
P/Operating cash flow 13.8x 18.9x 17.9x
P/S 3.0x 5.8x 6.6x
P/B 9.9x 5.5x 4.7x
P/Tangible book 10.0x 7.2x 6.4x
EV/EBITDA 25.4x 34.5x 25.8x
EV/EBIT -187.1x 48.4x 23.3x
EV/Revenue 3.2x 5.3x 6.9x
EV/FCF 49.4x 17.0x 17.1x
EV/Operating cash flow 14.4x 17.2x 18.8x
PEG (3Y EPS CAGR) 23.69 1.06 3.11

Growth

14 metrics
MetricVERXCLBTTRI
Revenue growth (1Y) 10.8% 17.8% 7.0%
Revenue CAGR (3Y) 14.1% 20.5% 5.2%
Gross profit growth (1Y) 9.0% 15.8% –
Gross profit CAGR (3Y) 15.8% 20.9% –
Operating income growth (1Y) -75.9% -9.7% 9.1%
Operating income CAGR (3Y) 8.2% 61.2% -0.5%
Net income growth (1Y) 107.1% 138.9% 4.7%
Net income CAGR (3Y) 28.3% 51.0% -6.8%
EPS growth (1Y) 107.0% 132.6% 8.4%
EPS CAGR (3Y) 28.2% 46.2% 10.4%
Operating cash flow growth (1Y) 21.1% -2.2% 14.5%
Operating cash flow CAGR (3Y) 47.3% 34.9% 10.1%
Free cash flow growth (1Y) 4,078% -0.9% 13.0%
Free cash flow CAGR (3Y) 78.9% 31.9% 9.0%

Profitability

14 metrics
MetricVERXCLBTTRI
Gross margin 64.0% 83.0% –
EBITDA margin 12.5% 15.2% 26.9%
Operating margin -1.7% 10.9% 29.7%
Pretax margin -1.2% 14.7% 46.5%
Net margin 0.5% 11.4% 20.7%
FCF margin 6.4% 30.9% 40.7%
Operating cash flow margin 22.0% 30.6% 36.9%
Return on equity 1.5% 11.2% –
Return on assets 0.3% 6.0% –
Return on invested capital 0.0% 7.9% –
Return on capital employed -2.1% 9.2% –
Asset turnover 0.6x 0.5x –
Cash conversion (OCF / net income) 48.6x 2.7x 1.7x
Stock comp / revenue 7.2% 11.1% –

Financial Health

11 metrics
MetricVERXCLBTTRI
Debt / assets 28.0% 2.5% 18.0%
Debt / equity 1.4x 0.0x 0.3x
Net debt / EBITDA 1.1x -3.5x 1.2x
Debt / FCF 6.7x 0.2x 1.0x
Liabilities / assets 80.1% 45.9% 38.5%
Equity / assets 19.9% 54.1% 61.5%
Interest coverage – – 116.5x
Current ratio 0.9x 1.6x 0.5x
Quick ratio 0.7x 1.3x -2.5x
Cash ratio 0.4x 0.8x 0.2x
Altman Z-score 1.98 4.79 5.88

Shareholder Returns

7 metrics
MetricVERXCLBTTRI
Dividend yield – – 3.4%
Net buyback yield 1.9% -0.4% -2.2%
Shareholder yield 1.9% -0.4% 1.2%
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.

ConsensusVERXCLBTTRI
Forward P/E 19.0xFY2026 44.2xFY2026 26.0xFY2026
EPS, next fiscal year $0.78FY2026 $0.27FY2026 $4.47FY2026
EPS growth, next FY +21.9%FY2026 -12.9%FY2026 +12.6%FY2026
EPS growth, the year after +38.5% +33.3% +8.1%
Revenue, next fiscal year $795.75MFY2026 $593.75MFY2026 $7.73BFY2026
Revenue growth, next FY +6.3%FY2026 +24.8%FY2026 +3.8%FY2026
Revenue growth, the year after +17.3% +14.1% +15.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersVERXCLBTTRI
Held by institutions 93.3% 51.4% 90.1%
Institutions holding 229 199 421
Change in shares held, QoQ -7.0% -1.4% +0.6%
Institutions buying 135 117 408
Institutions selling 69 60 9
Buyers to sellers 1.96 1.95 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.

VERXCLBTTRI
VERX 1.00 0.37 0.66
CLBT 0.37 1.00 0.38
TRI 0.66 0.38 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, VERX, CLBT and TRI?

Thomson Reuters (TRI) is the largest by market capitalisation: Vertex (VERX) $2.39B, Cellebrite DI (CLBT) $2.98B, Thomson Reuters (TRI) $51.80B.

Which stock is cheaper, VERX, CLBT and TRI?

Thomson Reuters (TRI) trades on the lowest price-to-earnings ratio (Vertex (VERX) 667.9x, Cellebrite DI (CLBT) 49.1x, Thomson Reuters (TRI) 32.2x). On next year's consensus earnings, Vertex (VERX) is cheapest (Vertex (VERX) 19.0x, Cellebrite DI (CLBT) 44.2x, 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?

Cellebrite DI (CLBT) grew revenue fastest over the trailing twelve months: Vertex (VERX) +10.8%, Cellebrite DI (CLBT) +17.8%, Thomson Reuters (TRI) +7.0%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (Vertex (VERX) 0.5%, Cellebrite DI (CLBT) 11.4%, Thomson Reuters (TRI) 20.7%). On return on invested capital, Cellebrite DI (CLBT) leads (Vertex (VERX) 0.0%, Cellebrite DI (CLBT) 7.9%).

Which stock has performed better?

Over the past year Thomson Reuters (TRI) returned the most: Vertex (VERX) -42.3%, Cellebrite DI (CLBT) -35.5%, Thomson Reuters (TRI) -28.3%. Over five years, Cellebrite DI (CLBT) compounded fastest (Vertex (VERX) -6.3%/yr, Cellebrite DI (CLBT) +1.5%/yr, Thomson Reuters (TRI) -1.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Thomson Reuters (TRI) 3.45%. Vertex (VERX) and Cellebrite DI (CLBT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Thomson Reuters (TRI) has been the steadiest (Vertex (VERX) 62.4%, Cellebrite DI (CLBT) 63.9%, Thomson Reuters (TRI) 51.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, VERX, CLBT 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, 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.