MSFT
Microsoft Corporation
MSFT's fundamentals are strong and it looks cheap: trading at 27x earnings, below its usual 34x. Analysts expect strong earnings growth.
TCX
Tucows Inc.
There isn't enough reported data to score TCX yet.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
TCX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Weak |
TCX's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
TCX PE Valuation
TCX has no meaningful PE right now: it lost money over the past year.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
TCX Forward outlook
There aren't enough analyst estimates for TCX to show an outlook.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over TCX on earnings quality, reporting a profit while its opponent remains loss making.
TCX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$6.38 | +$2.35 |
| Q2 2026 | -$7.54 | +$1.14 |
| Q1 2026 | -$7.11 | +$1.86 |
| Q4 2025 | -$6.85 | +$3.17 |
| Q3 2025 | -$8.73 | -$0.45 |
| Q2 2025 | -$8.68 | -$0.34 |
| Q1 2025 | -$8.97 | +$0.53 |
| Q4 2024 | -$10.02 | -$1.17 |
TCX is still losing money, but less than at its worst: $6.38 per share over the past year, against $10.02 at its worst in late 2024.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over TCX on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over TCX on profitability, with a higher operating margin.
TCX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $100M | +1.4% |
| Q2 2026 | $100.6M | +2.1% |
| Q1 2026 | $96.7M | +2.2% |
| Q4 2025 | $98.7M | +6% |
| Q3 2025 | $98.6M | +6.8% |
| Q2 2025 | $98.5M | +10% |
| Q1 2025 | $94.6M | +8.2% |
| Q4 2024 | $93.1M | +7.1% |
TCX's revenue has grown year over year for 14 quarters in a row: $100M last quarter, up 1.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.3% | +10 points |
| Q2 2026 | -5.4% | -2.5 points |
| Q1 2026 | -4.5% | -2.3 points |
| Q4 2025 | -9.1% | +23 points |
| Q3 2025 | -9.7% | +1.2 points |
| Q2 2025 | -2.9% | +6.7 points |
| Q1 2025 | -2.1% | +17 points |
| Q4 2024 | -32% | -14 points |
TCX's operating margin was 0.3% last quarter, up 10 points from the same quarter a year ago.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over TCX on cash generation, producing positive trailing cash flow while its opponent burns cash.
TCX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$9.7M | -$7.4M |
| Q2 2026 | -$3.1M | -201% |
| Q1 2026 | -$2M | +$14.7M |
| Q4 2025 | -$7M | +$9.5M |
| Q3 2025 | -$2.3M | +$16.8M |
| Q2 2025 | $3.1M | +$23.8M |
| Q1 2025 | -$16.7M | +$3.3M |
| Q4 2024 | -$16.5M | -$10.9M |
TCX has burned cash in most quarters: −$22M over the past year, against −$32M the year before.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over TCX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
TCX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +33.4K shares |
| 1 year | +0.9% | +103K shares |
| 3 years | +2.8% | +308K shares |
| 5 years | +3.4% | +363K shares |
| Available history | +3.8% | +409K shares |
TCX has 11M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | $164,000 |
| Q1 2020 | $3.1M |
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT's net debt is less than a year of its operating earnings (EBITDA).
TCX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2021 | 102.8x | High |
| Q4 2020 | 15.4x | High |
| Q3 2020 | 5.7x | High |
| Q2 2020 | 4.1x | High |
| Q1 2020 | 3.4x | Elevated |
| Q4 2019 | 3.2x | Elevated |
TCX's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.4 years a year ago.
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
TCX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.9 | Neutral |
| Stochastic | 48.9 | Neutral |
TCX's weekly RSI is 50 (neutral) and its Stochastic is 49 (neutral).
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
TCX PE vs Technology Sector
| Metric | TCX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
TCX has no meaningful PE right now: it lost money over the past year.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over TCX on trend strength, trading above more of its moving averages.
TCX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.8 | 14% above |
| 20 week MA | $11.2 | 10% above |
| 50 week MA | $15.4 | 20% below |
| 100 week MA | $16.9 | 27% below |
| 200 week MA | $19.7 | 37% below |
TCX has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 37% below its 200-week average.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has the edge over TCX on returns for 2026, with the stronger performance.
TCX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.9 | $72.9 | +18% |
| 2021 | $72.9 | $84.0 | +15% |
| 2022 | $84.0 | $32.3 | -62% |
| 2023 | $32.3 | $27.0 | -16% |
| 2024 | $27.0 | $16.3 | -40% |
| 2025 | $16.3 | $22.4 | +37% |
| 2026 YTD | $22.4 | $12.3 | -45% |
TCX has finished lower in three of the last six years. It's down 45% so far in 2026.