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Tucows TCX Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM 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 turnover0.5×0.0×0.5×0.0×0.5×0.0×0.5×0.0×0.5×0.0×
Liquidity
Current ratio0.6×0.0×0.6×-0.5×1.1×0.0×1.1×0.0×0.0×
Quick ratio0.6×0.0×0.6×-0.5×1.1×0.0×1.1×0.0×0.0×
Cash ratio0.1×0.0×0.1×-0.1×0.3×0.0×0.3×+0.1×0.2×-0.1×
Leverage
Debt-to-assets0.5×0.0×0.5×0.0×0.5×0.0×0.4×0.0×0.4×0.0×
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 / sales0.4×-0.2×0.6×+0.1×0.5×-0.1×0.6×+0.1×0.5×0.0×
EV / sales1.2×-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

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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.