Tucows TCX Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | -20.1%-0.7pp | -19.4%+5.6pp | -25%+0.2pp | -25.2%+1.4pp | -26.7%+3.7pp | |
| Free cash flow margin | -2.1%+3.8pp | -5.9%+2.6pp | -8.4%+4.6pp | -13%+6.8pp | -19.7%+1.3pp | |
| Returns | ||||||
| Return on assets | -10.7%-0.5pp | -10.2%+2.4pp | -12.5%+0.2pp | -12.7%+0.2pp | -12.9%+1.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.6×0.0× | 0.6×-0.5× | 1.1×0.0× | 1.1×0.0× | 1×0.0× | |
| Quick ratio | 0.6×0.0× | 0.6×-0.5× | 1.1×0.0× | 1.1×0.0× | 1×0.0× | |
| Cash ratio | 0.1×0.0× | 0.1×-0.1× | 0.3×0.0× | 0.3×+0.1× | 0.2×-0.1× | |
| Leverage | ||||||
| Debt-to-assets | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Valuation | ||||||
| Market capitalization | $149.62M-30.4% | $248.95M+21.1% | $205.56M-7.5% | $222.14M+19.3% | $186.23M-1.3% | |
| Enterprise value | $469.18M-4.7% | $557.43M+12.3% | $496.28M-0.7% | $499.6M+6.0% | $471.52M+4.7% | |
| Price / sales | 0.4×-0.2× | 0.6×+0.1× | 0.5×-0.1× | 0.6×+0.1× | 0.5×0.0× | |
| EV / sales | 1.2×-0.1× | 1.4×+0.1× | 1.3×0.0× | 1.3×0.0× | 1.3×0.0× | |
| Free cash flow yield | -5.5%+17.4pp | -9.2%+6.6pp | -15.7%+6.4pp | -22.1%+17.0pp | -39.1%+1.3pp | |
| Earnings yield | -52.7%-8.2pp | -30.5%+16.4pp | -46.8%-3.8pp | -43%+9.9pp | -52.9%+5.3pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Tucows's profit margins?
- Tucows (TCX) runs a 30.8% gross margin and a 10.4% operating margin, with a -20.1% net margin.
- Where do Tucows's ratios come from?
- Every ratio is computed from Tucows's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
