Tucows (TCX) FCF Margin (2010 - 2026)
Tucows (TCX) reported FCF Margin of 2.07% for Q1 2026, up 1134.0% on a YoY basis from 0.17% in Q1 2025, and down 125.81% quarter-over-quarter from 8.03% in Q4 2025.
Tucows (TCX) FCF Margin (2010 - 2026) Analysis & Trends
Tucows has reported FCF Margin for 17 years, with the latest figure at 2.07% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 1134.0% year-over-year to 2.07%; the trailing twelve-month figure through Mar 2026 stood at 2.21% (up 2086.0% YoY), and the FY2025 full-year result was 2.05%, up 1899.0% from the prior year.
- FCF Margin for Q1 2026 stood at 2.07%, down from 8.03% in the prior quarter.
- The five-year high for FCF Margin was 64.91% in Q3 2022, with the low at 167.46% in Q4 2022.
- Historically, FCF Margin has averaged 14.14% across 5 years, with a median of 6.41% in 2023.
- Annual changes were most pronounced in 2022 — FCF Margin plunged 15225 bps — and 2023, when it surged 16104 bps.
- Tucows' FCF Margin stood at 167.46% in 2022, then soared by 96 bps to 6.41% in 2023, then plunged by 176 bps to 17.68% in 2024, then soared by 145 bps to 8.03% in 2025, then plunged by 126 bps to 2.07% in 2026.
- The last three FCF Margin figures came in at 2.07% (Q1 2026), 8.03% (Q4 2025), and 0.34% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 19.07% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 55.23% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 54.62% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 14.80% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 30.29% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 55.21% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 34.10% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 14.55% |
| 10 | Tucows | 151.74 Mn | 107.43 Mn | 24.13 Mn | -2.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.07% |
| Dec 31, 2025 | 8.03% |
| Sep 30, 2025 | -0.34% |
| Jun 30, 2025 | 3.15% |
| Mar 31, 2025 | -13.41% |
| Dec 31, 2024 | -17.68% |
| Sep 30, 2024 | -20.67% |
| Jun 30, 2024 | -23.11% |
| Mar 31, 2024 | -22.87% |
| Dec 31, 2023 | -6.41% |
| Sep 30, 2023 | -33.93% |
| Jun 30, 2023 | -4.97% |
| Mar 31, 2023 | -8.49% |
| Dec 31, 2022 | -167.46% |
| Sep 30, 2022 | 64.91% |
| Jun 30, 2022 | 0.57% |
| Mar 31, 2022 | 4.31% |
| Dec 31, 2021 | -15.20% |
| Sep 30, 2021 | -0.37% |
| Jun 30, 2021 | -24.16% |