Tucows (TCX) Net Margin (2010 - 2026)
Tucows (TCX) posted quarterly Net Margin of 18.73% for Q1 2026, down 273.0% year-over-year from 10.82% in Q1 2025, and down 36.65% quarter-over-quarter from 13.7% in Q4 2025.
Tucows (TCX) Net Margin (2010 - 2026) Analysis & Trends
Tucows' Net Margin history runs 17 years deep, the most recent figure standing at 18.73% for Q1 2026.
- In Q1 2026, Net Margin fell 273.0% year-over-year to 18.73%; the TTM figure through Mar 2026 stood at 17.93% (up 1142.0% YoY), while the FY2025 annual figure was 17.25%, up 1582.0% from the prior year.
- Net Margin for Q1 2026 stood at 18.73%, down from 13.7% in the prior quarter.
- The five-year high for Net Margin was 3.62% in Q1 2022, with the low at 56.28% in Q4 2024.
- The 5-year median for Net Margin is 20.78% (2024), against an average of 23.33%.
- The sharpest annual moves came in 2023 and 2025: Net Margin sank 3885 bps in 2023, then surged 4257 bps in 2025.
- Tucows' Net Margin stood at 17.2% in 2022, then sank by 226 bps to 56.06% in 2023, then fell by 0 bps to 56.28% in 2024, then surged by 76 bps to 13.7% in 2025, then plunged by 37 bps to 18.73% in 2026.
- Business Quant data shows TCX's Net Margin at 18.73% in Q1 2026, 13.7% in Q4 2025, and 23.39% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 36.78% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 55.08% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 30.88% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 1.32% |
| 10 | Tucows | 115.11 Mn | 70.95 Mn | 25.78 Mn | -20.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -20.36% |
| Mar 31, 2026 | -18.73% |
| Dec 31, 2025 | -13.70% |
| Sep 30, 2025 | -23.39% |
| Jun 30, 2025 | -15.92% |
| Mar 31, 2025 | -16.00% |
| Dec 31, 2024 | -56.28% |
| Sep 30, 2024 | -24.19% |
| Jun 30, 2024 | -20.78% |
| Mar 31, 2024 | -30.27% |
| Dec 31, 2023 | -56.06% |
| Sep 30, 2023 | -26.21% |
| Jun 30, 2023 | -36.44% |
| Mar 31, 2023 | -23.75% |
| Dec 31, 2022 | -17.20% |
| Sep 30, 2022 | -10.22% |
| Jun 30, 2022 | -3.82% |
| Mar 31, 2022 | -3.62% |
| Dec 31, 2021 | 2.22% |
| Sep 30, 2021 | 0.65% |