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Side-by-side financial comparison of NEW YORK TIMES CO (NYT) and THOMSON REUTERS CORP /CAN/ (TRI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
THOMSON REUTERS CORP /CAN/ is the larger business by last-quarter revenue ($1.8B vs $802.3M, roughly 2.2× NEW YORK TIMES CO). THOMSON REUTERS CORP /CAN/ runs the higher net margin — 16.2% vs 17.5%, a 1.4% gap on every dollar of revenue. On growth, NEW YORK TIMES CO posted the faster year-over-year revenue change (10.4% vs 2.6%).
The New York Times Company is an American mass media corporation that publishes The New York Times and its associated publications such as The New York Times International Edition and other media properties. The New York Times Company's headquarters are in the New York Times Building, a skyscraper in Manhattan, New York City.
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...
NYT vs TRI — Head-to-Head
Income Statement — Q4 2025 vs Q2 2025
| Metric | | |
|---|---|---|
| Revenue | $802.3M | $1.8B |
| Net Profit | $129.8M | $313.0M |
| Gross Margin | — | — |
| Operating Margin | 20.1% | 24.4% |
| Net Margin | 16.2% | 17.5% |
| Revenue YoY | 10.4% | 2.6% |
| Net Profit YoY | 4.9% | -62.8% |
| EPS (diluted) | $0.79 | $0.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $802.3M | — | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $685.9M | $1.8B | ||
| Q1 25 | $635.9M | — | ||
| Q4 24 | $726.6M | — | ||
| Q3 24 | $640.2M | — | ||
| Q2 24 | $625.1M | $1.7B | ||
| Q1 24 | $594.0M | — |
| Q4 25 | $129.8M | — | ||
| Q3 25 | $81.6M | — | ||
| Q2 25 | $82.9M | $313.0M | ||
| Q1 25 | $49.6M | — | ||
| Q4 24 | $123.7M | — | ||
| Q3 24 | $64.1M | — | ||
| Q2 24 | $65.5M | $841.0M | ||
| Q1 24 | $40.4M | — |
| Q4 25 | 20.1% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 15.5% | 24.4% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 20.2% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 12.7% | 23.9% | ||
| Q1 24 | 8.1% | — |
| Q4 25 | 16.2% | — | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 12.1% | 17.5% | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 17.0% | — | ||
| Q3 24 | 10.0% | — | ||
| Q2 24 | 10.5% | 48.3% | ||
| Q1 24 | 6.8% | — |
| Q4 25 | $0.79 | — | ||
| Q3 25 | $0.50 | — | ||
| Q2 25 | $0.50 | $0.69 | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $0.74 | — | ||
| Q3 24 | $0.39 | — | ||
| Q2 24 | $0.40 | $1.86 | ||
| Q1 24 | $0.24 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $642.2M | $664.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $12.6B |
| Total Assets | $3.0B | $18.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $642.2M | — | ||
| Q3 25 | $617.4M | — | ||
| Q2 25 | $540.2M | $664.0M | ||
| Q1 25 | $522.1M | — | ||
| Q4 24 | $565.9M | — | ||
| Q3 24 | $492.9M | — | ||
| Q2 24 | $411.4M | $1.7B | ||
| Q1 24 | $379.1M | — |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.9B | $12.6B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | $11.6B | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $3.0B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.8B | $18.0B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | $18.4B | ||
| Q1 24 | $2.6B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $164.2M | $746.0M |
| Free Cash FlowOCF − Capex | $157.6M | — |
| FCF MarginFCF / Revenue | 19.6% | — |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 0.8% | — |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.26× | 2.38× |
| TTM Free Cash FlowTrailing 4 quarters | $550.5M | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $164.2M | — | ||
| Q3 25 | $207.6M | — | ||
| Q2 25 | $113.6M | $746.0M | ||
| Q1 25 | $99.1M | — | ||
| Q4 24 | $151.7M | — | ||
| Q3 24 | $125.5M | — | ||
| Q2 24 | $80.2M | $705.0M | ||
| Q1 24 | $53.1M | — |
| Q4 25 | $157.6M | — | ||
| Q3 25 | $199.7M | — | ||
| Q2 25 | $103.3M | — | ||
| Q1 25 | $89.9M | — | ||
| Q4 24 | $143.6M | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $72.6M | — | ||
| Q1 24 | $46.7M | — |
| Q4 25 | 19.6% | — | ||
| Q3 25 | 28.5% | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 14.1% | — | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 18.5% | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 7.9% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 1.26× | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.37× | 2.38× | ||
| Q1 25 | 2.00× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 1.22× | 0.84× | ||
| Q1 24 | 1.31× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
TRI
Segment breakdown not available.