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Side-by-side financial comparison of Synopsys (SNPS) and THOMSON REUTERS CORP (TRI). Click either name above to swap in a different company.

Synopsys is the larger business by last-quarter revenue ($2.3B vs $1.8B, roughly 1.3× THOMSON REUTERS CORP). Synopsys runs the higher net margin — 19.9% vs 17.5%, a 2.4% gap on every dollar of revenue. On growth, Synopsys posted the faster year-over-year revenue change (50.6% vs 2.6%).

Synopsys, Inc. is an American multinational electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on design and verification of silicon chips, electronic system-level design and verification, and reusable components. Synopsys supplies tools and services to the semiconductor design and manufacturing industry.

The second and current incarnation of News Corporation, doing business as News Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, New...

SNPS vs TRI — Head-to-Head

Bigger by revenue
SNPS
SNPS
1.3× larger
SNPS
$2.3B
$1.8B
TRI
Growing faster (revenue YoY)
SNPS
SNPS
+48.0% gap
SNPS
50.6%
2.6%
TRI
Higher net margin
SNPS
SNPS
2.4% more per $
SNPS
19.9%
17.5%
TRI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
SNPS
SNPS
TRI
TRI
Revenue
$2.3B
$1.8B
Net Profit
$448.7M
$313.0M
Gross Margin
71.0%
Operating Margin
5.4%
24.4%
Net Margin
19.9%
17.5%
Revenue YoY
50.6%
2.6%
Net Profit YoY
-59.7%
-62.8%
EPS (diluted)
$2.44
$0.69

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SNPS
SNPS
TRI
TRI
Q4 25
$2.3B
Q3 25
$1.7B
Q2 25
$1.6B
$1.8B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
$1.7B
Q1 24
$1.6B
Net Profit
SNPS
SNPS
TRI
TRI
Q4 25
$448.7M
Q3 25
$242.5M
Q2 25
$345.3M
$313.0M
Q1 25
$295.7M
Q4 24
$1.1B
Q3 24
$408.1M
Q2 24
$292.1M
$841.0M
Q1 24
$449.1M
Gross Margin
SNPS
SNPS
TRI
TRI
Q4 25
71.0%
Q3 25
78.1%
Q2 25
80.2%
Q1 25
81.4%
Q4 24
78.3%
Q3 24
80.9%
Q2 24
79.4%
Q1 24
80.0%
Operating Margin
SNPS
SNPS
TRI
TRI
Q4 25
5.4%
Q3 25
9.5%
Q2 25
23.5%
24.4%
Q1 25
17.3%
Q4 24
20.3%
Q3 24
23.6%
Q2 24
22.8%
23.9%
Q1 24
21.8%
Net Margin
SNPS
SNPS
TRI
TRI
Q4 25
19.9%
Q3 25
13.9%
Q2 25
21.5%
17.5%
Q1 25
20.3%
Q4 24
74.4%
Q3 24
26.7%
Q2 24
20.1%
48.3%
Q1 24
27.2%
EPS (diluted)
SNPS
SNPS
TRI
TRI
Q4 25
$2.44
Q3 25
$1.50
Q2 25
$2.21
$0.69
Q1 25
$1.89
Q4 24
$7.13
Q3 24
$2.61
Q2 24
$1.88
$1.86
Q1 24
$2.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SNPS
SNPS
TRI
TRI
Cash + ST InvestmentsLiquidity on hand
$3.0B
$664.0M
Total DebtLower is stronger
$13.5B
Stockholders' EquityBook value
$28.3B
$12.6B
Total Assets
$48.2B
$18.0B
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNPS
SNPS
TRI
TRI
Q4 25
$3.0B
Q3 25
$2.6B
Q2 25
$14.3B
$664.0M
Q1 25
$3.8B
Q4 24
$4.1B
Q3 24
$2.0B
Q2 24
$1.7B
$1.7B
Q1 24
$1.3B
Total Debt
SNPS
SNPS
TRI
TRI
Q4 25
$13.5B
Q3 25
$14.3B
Q2 25
$10.1B
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SNPS
SNPS
TRI
TRI
Q4 25
$28.3B
Q3 25
$27.6B
Q2 25
$9.9B
$12.6B
Q1 25
$9.3B
Q4 24
$9.0B
Q3 24
$7.7B
Q2 24
$7.2B
$11.6B
Q1 24
$6.7B
Total Assets
SNPS
SNPS
TRI
TRI
Q4 25
$48.2B
Q3 25
$48.2B
Q2 25
$23.8B
$18.0B
Q1 25
$13.0B
Q4 24
$13.1B
Q3 24
$11.6B
Q2 24
$11.0B
$18.4B
Q1 24
$10.6B
Debt / Equity
SNPS
SNPS
TRI
TRI
Q4 25
0.48×
Q3 25
0.52×
Q2 25
1.01×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SNPS
SNPS
TRI
TRI
Operating Cash FlowLast quarter
$639.7M
$746.0M
Free Cash FlowOCF − Capex
$605.2M
FCF MarginFCF / Revenue
26.8%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.43×
2.38×
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SNPS
SNPS
TRI
TRI
Q4 25
$639.7M
Q3 25
$671.0M
Q2 25
$275.4M
$746.0M
Q1 25
$-67.5M
Q4 24
$562.8M
Q3 24
$455.4M
Q2 24
$476.6M
$705.0M
Q1 24
$-87.8M
Free Cash Flow
SNPS
SNPS
TRI
TRI
Q4 25
$605.2M
Q3 25
$632.4M
Q2 25
$219.8M
Q1 25
$-108.2M
Q4 24
$558.4M
Q3 24
$415.4M
Q2 24
$438.2M
Q1 24
$-128.2M
FCF Margin
SNPS
SNPS
TRI
TRI
Q4 25
26.8%
Q3 25
36.3%
Q2 25
13.7%
Q1 25
-7.4%
Q4 24
37.3%
Q3 24
27.2%
Q2 24
30.1%
Q1 24
-7.8%
Capex Intensity
SNPS
SNPS
TRI
TRI
Q4 25
1.5%
Q3 25
2.2%
Q2 25
3.5%
Q1 25
2.8%
Q4 24
0.3%
Q3 24
2.6%
Q2 24
2.6%
Q1 24
2.4%
Cash Conversion
SNPS
SNPS
TRI
TRI
Q4 25
1.43×
Q3 25
2.77×
Q2 25
0.80×
2.38×
Q1 25
-0.23×
Q4 24
0.51×
Q3 24
1.12×
Q2 24
1.63×
0.84×
Q1 24
-0.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SNPS
SNPS

License And Maintenance$940.7M42%
Other$640.0M28%
Design IP Segment$407.1M18%
KR$236.9M11%
Sales Based Royalties$30.1M1%

TRI
TRI

Segment breakdown not available.

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