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Tucows TCX Free cash flow margin

Free cash flow margin at other companies

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Lumen TechnologiesLUMN
-3.9%-9.2pp
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AT&TT
13.7%-2.1pp
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ComcastCMCSA
16.3%+3.1pp
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GoDaddyGDDY
32.7%+3.3pp
VeriSign logo
VeriSignVRSN
62.3%+4.7pp
Ziff Davis logo
Ziff DavisZD
20.8%+3.8pp

Other financials

Income statement

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Revenue$96.7M+2.2%
Gross profit$24.1M+2.5%
Operating income-$4.3M-112%
Net income-$18.1M-19.7%

Balance sheet

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Cash & equivalents$44.3M+16.4%
Total debt$363.9M+12.5%
Total equity-$181.3M-67.5%
Total assets$729.2M-1.7%

Cash flow

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Operating cash flow$3.5M+131%
CapEx$5.5M+1.7%
Free cash flow-$2.0M+88.0%

Valuation

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Market cap$149.62M-30.4%
Enterprise value$469.18M-4.7%
P/S0.4×-0.2×

Profitability

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Gross margin30.8%
Operating margin10.4%
Net margin-20.1%-4.0pp

Returns & leverage

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Return on equity-180.6%-217pp
Debt / equity25×+24.8×
Current ratio0.6×-0.4×

Where this comes from

Calculated from Tucows’s reported figures.

Based on trailing twelve months.

The official record: Tucows’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tucows's free cash flow margin?
Tucows (TCX) reported free cash flow margin of -2.1% in Q1 2026.
How has Tucows's free cash flow margin changed year-over-year?
Tucows's free cash flow margin increased by 89.4% year-over-year, from -19.7% to -2.1%.
What is the long-term trend for Tucows's free cash flow margin?
Over 5 years (2020 to 2025), Tucows's free cash flow margin has grown at a 16.9% compound annual growth rate (CAGR), from -2.7% to -5.9%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.