Stocktoria

TUCOWS INC /PA/ TCX

Nasdaq · stock · Services-Computer Processing & Data Preparation · website · IPO 1996-04-30

TUCOWS INC /PA/ statistics & valuation

Market cap$155.4M
P / S0.4×
Net margin-19.4%
FCF margin-5.9%
Net debt$143.6M
Net debt / EBITDA7.9×
Enterprise value USD$299.1M
EV / EBITDA16.5×
Earnings yield EBIT/EV-7.9%
Return on capital-5.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
6.80% 5.00% 4.60% 1.90% 1.10% -8.60% -28.30% -30.30% -19.40% 2017201820192020202020212022202320242025
Gross margin (%)
25.70% 28.00% 29.90% 27.50% 25.70% 24.40% 19.60% 22.90% 24.10% 2017201820192020202020212022202320242025
Operating margin (%)
8.20% 8.50% 8.70% 2.20% -2.60% -9.90% -18.80% -17.90% -6.00% 2017201820192020202020212022202320242025
Return on equity (%)
37.10% 21.50% 16.30% 3.10% 5.50% 2.90% -28.50% -974.10% 2017201820192020202020212022202320242025
Shares outstanding
10.8M 10.8M 10.8M 10.6M 10.7M 10.8M 10.8M 10.9M 11.0M 11.1M 2017201820192020202020212022202320242025
Net debt ($)
$59.7M $52.5M $94.0M $105.5M $114.1M $182.3M $216.2M $119.2M $138.5M $143.6M 2017201820192020202020212022202320242025
Share buybacks ($)
2017201820192020202020212022202320242025
Return on assets (%)
6.40% 5.00% 3.60% 0.70% 1.30% 0.60% -4.10% -12.00% -14.50% -10.40% 2017201820192020202020212022202320242025
Free cash flow margin (%)
5.80% 2.70% -1.10% -2.70% -14.30% -36.40% -28.50% -21.00% -5.90% 2017201820192020202020212022202320242025
Debt / equity (×)
1.29× 0.82× 1.21× 1.17× 1.17× 1.66× 2.48× 21.46× 2017201820192020202020212022202320242025
EPS ($)
$2.07 $1.59 $1.43 $0.54 $0.31 -$2.56 -$8.85 2017201820192020202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TUCOWS INC /PA/ trades at about 40.3× earnings — above its 10-year norm (10-year range 20.5×–254.8×, median 34.1×).

20.5× 254.8×

Shaded band = 10-year range (20.5×–254.8×); dot = today's 40.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2020FY2019FY2018FY2017
Gross margin24.1%22.9%19.6%24.4%25.7%27.5%—29.9%28.0%25.7%
Operating margin-6.0%-17.9%-18.8%-9.9%-2.6%2.2%—8.7%8.5%8.2%
Net margin-19.4%-30.3%-28.3%-8.6%1.1%1.9%—4.6%5.0%6.8%
FCF margin-5.9%-21.0%-28.5%-36.4%-14.3%-2.7%—-1.1%2.7%5.8%
Return on assets-10.4%-14.5%-12.0%-4.1%0.6%1.3%0.7%3.6%5.0%6.4%
Return on equity46.2%115.3%-974.1%-28.5%2.9%5.5%3.1%16.3%21.5%37.1%
Debt / equity-1.16×-2.05×21.46×2.48×1.66×1.17×1.17×1.21×0.82×1.29×
Current ratio0.611.031.210.900.850.870.860.930.800.86

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.