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Tucows TCX Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Net margin-20.1%+6.6pp-19.4%+10.9pp-25%+0.5pp-25.2%+0.8pp-26.7%+3.2pp
Free cash flow margin-2.1%+17.6pp-5.9%+15.2pp-8.4%+9.9pp-13%+8.6pp-19.7%+3.3pp
Returns
Return on assets-10.7%+2.2pp-10.2%+3.9pp-12.5%-1.3pp-12.7%-1.3pp-12.9%+1.2pp
Efficiency
Asset turnover0.5×0.0×0.5×+0.1×0.5×+0.1×0.5×+0.1×0.5×0.0×
Liquidity
Current ratio0.6×-0.4×0.6×-0.4×1.1×0.0×1.1×+0.1×0.0×
Quick ratio0.6×-0.4×0.6×-0.4×1.1×0.0×1.1×+0.2×0.0×
Cash ratio0.1×-0.1×0.1×-0.1×0.3×-0.1×0.3×+0.1×0.2×-0.1×
Leverage
Debt-to-assets0.5×+0.1×0.5×+0.1×0.5×+0.1×0.4×+0.1×0.4×+0.1×
Valuation
Market capitalization$149.62M-30.4%$248.95M+32.0%$205.56M-10.4%$222.14M+5.0%$186.23M-8.3%
Enterprise value$469.18M-4.7%$557.43M+23.8%$496.28M+5.5%$499.6M+18.5%$471.52M+22.6%
Price / sales0.4×-0.2×0.6×+0.1×0.5×-0.1×0.6×0.0×0.5×-0.1×
EV / sales1.2×-0.1×1.4×+0.2×1.3×0.0×1.3×+0.1×1.3×+0.2×
Free cash flow yield-5.5%+17.4pp-9.2%+31.2pp-15.7%+12.7pp-22.1%+13.7pp-39.1%+0.2pp
Earnings yield-52.7%-8.2pp-30.5%+27.8pp-46.8%-7.3pp-43%+0.1pp-52.9%-1.9pp

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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.